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Companies · CTVA

CTVA Reported this cycle

Corteva

Indianapolis, IN Founded 2018 Agriculture & Food Production

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Latest analysis

Updated Aug 20, 2026

Corteva completes debt covenant restructuring ahead of seed business separation from crop protection unit.

Corteva's subsidiary EIDP, Inc. executed a fourth supplemental indenture on August 20, 2026, eliminating substantially all restrictive covenants and change-of-control repurchase provisions from $3.2 billion in outstanding senior notes. This restructuring is contingent on consummation of Corteva's announced separation into two independent public companies—one retaining crop protection, the other housing the seed business under Vylor Inc. The amendment received requisite bondholder consent (majority of aggregate principal across all note series) as of August 19, 2026, and becomes operative upon settlement of exchange offers concurrent with the separation closing.

Tone: neutral

Revenue

$17.4B

CTVA 10-K · FY 2025

Employees

21,500

Revenue FY2024

$16.9B

Founded

2018

Profile

CTVA 10-K Item 1 · Feb 12, 2026

Corteva is a global agricultural science company operating through two segments — Seed and Crop Protection — serving farmers in approximately 110 countries. The company develops and commercializes seed germplasm, biotechnology traits, and crop protection chemistry and biologicals. On October 1, 2025, Corteva announced its intent to separate the two segments into independent publicly traded companies via a tax-free spin-off targeted for the second half of 2026.

Read filing description ↓

Corteva is a leading global provider of seed and crop protection solutions focused on the agriculture industry and contributing to a healthier, more secure and sustainable food supply. Corteva was incorporated in Delaware in March 2018 and maintains its business headquarters in Indianapolis, Indiana. With one of the broadest and most productive new product pipelines in the agriculture industry, Corteva is focused on progressing science-based innovations, which aim to deliver a wide range of improved agriculture products and services to its customers. The company leverages its rich heritage of scientific achievement to advance its robust innovation pipeline and continue to shape the future of responsible agriculture. New products are crucial to solving farmers' productivity challenges amid a growing global population while addressing natural resistance, evolving environmental and weather patterns, regulatory changes, safety requirements and competitive dynamics. The company's investments seek to generate returns through providing farmers with technology-based and solution-based product offerings to meet these evolving production needs. Meanwhile, through Corteva's unique routes to market, the company continues to work face-to-face with farmers around the world to understand their needs. The company's broad portfolio of agriculture solutions fuels farmer productivity in approximately 110 countries.

Primary products

  • Pioneer® seeds
  • Brevant® seeds
  • ENLIST E3® soybeans
  • ENLIST® corn
  • Conkesta E3® soybeans
  • JEMVELVA™

Business segments

Seed Crop Protection

End markets

Agriculture

Geographies

North America Latin America EMEA Asia Pacific

Named competitors

BASF Bayer FMC Syngenta ChemChina
“The company's key competitors include BASF, Bayer, FMC, Syngenta and ChemChina, as well as companies trading in generic crop protection chemicals and regional seed companies.” Competitive position, as stated in the filing

Revenue commentary · FY 2025

Net sales of $17,401 million for the year ended December 31, 2025 represented an increase of 3 percent versus the year ended December 31, 2024, reflecting a 1 percent increase in price and a 3 percent increase in volume, partially offset by a 1 percent unfavorable currency impact.

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