Corteva, Inc. — Earnings Quality Grade D
CTVA · Basic Materials
Significant concerns
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 106 days, change +6 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 2.9%, CFFO 58.8%. Cash follows revenue
Expense Quality
Inventory 4.3% vs COGS -3.7%. Normal
CapEx growth -1.0% vs revenue 2.9%. Normal
SG&A/Gross Profit = 42.4%. Normal
Gross margin 47.3%, change +3.6pp. Stable
Cash Flow Quality
CFFO/NI = 3.11. Profits backed by cash
FCF $2.8B, FCF/NI = 2.57
Accruals ratio = -5.4%. Low accruals
Cash $4.5B covers debt $2.6B
Balance Sheet Health
Goodwill+Intangibles $18.8B = 78% of equity. Over 50%
Debt/EBITDA = 0.8x. Healthy
Other assets 12.9% vs revenue 2.9%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -3% YoY. Normal
Manipulation Score
M-Score = -2.75 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10