DuPont de Nemours
DD · NYSEPlastic Materials, Synth Resins & Nonvulcan Elastomers · Fiscal year ends Dec 31
DuPont de Nemours reported revenue of $6.8B in the fiscal year ended Dec 2025, up 1.9% from the year before. Net income was −$779M. Operating cash flow of $560M less capital expenditure of $333M left free cash flow of $227M. Net debt was $2.4B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $12.6B | $13B | $6.6B | $6.7B | $6.8B |
| Cost of revenue | $8B | $8.4B | $4.4B | $4.5B | $4.5B |
| Gross profit | $4.6B | $4.6B | $2.2B | $2.2B | $2.4B |
| Research & development | $557M | $536M | $192M | $203M | $193M |
| Selling, general & admin | $1.6B | $1.5B | $891M | $976M | $1B |
| Pre-tax income | $1.4B | $1.4B | −$279M | $117M | $200M |
| Income tax | $237M | $387M | −$217M | $213M | $102M |
| Net income | $6.5B | $5.9B | $423M | $703M | −$779M |
| Diluted EPS | 11.89 | 11.75 | 0.94 | 1.68 | −1.86 |
| Diluted shares | 544M | 499M | 450M | 419M | 419M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $2B | $3.7B | $2.4B | $1.8B | $715M |
| Receivables | $1.6B | $1.6B | $1.5B | $789M | $910M |
| Inventory | $2.1B | $2.3B | $2.1B | $1.1B | $1.2B |
| Current assets | $14.3B | $11.3B | $7.5B | $20.8B | $5.6B |
| Net PP&E | $5.8B | – | – | – | – |
| Goodwill | $17B | $16.7B | $7.7B | $7.6B | $7.9B |
| Total assets | $45.7B | $41.4B | $38.6B | $36.6B | $21.6B |
| Payables | $2.1B | $2.1B | $1.7B | $1.1B | $995M |
| Deferred revenue | $25M | $11M | $1M | $2M | – |
| Current liabilities | $4.9B | $3.7B | $3.1B | $5.5B | $2.3B |
| Short-term debt | $150M | $300M | $0 | $1.8B | $0 |
| Long-term debt | $10.6B | $8.1B | $7.9B | $5.3B | $3.1B |
| Total liabilities | $18.7B | $14.3B | $13.8B | $12.8B | $7.5B |
| Shareholders' equity | $26.4B | $26.6B | $24.3B | $23.4B | $13.9B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $2.3B | $588M | $845M | $765M | $560M |
| Capital expenditure | $788M | $662M | $302M | $285M | $333M |
| Free cash flow | $1.5B | −$74M | $543M | $480M | $227M |
| Depreciation & amortisation | $1.1B | $1.1B | $580M | $635M | $647M |
| Stock-based compensation | $67M | $75M | $57M | $56M | $38M |
| Acquisitions | $2.3B | −$5M | $1.8B | $313M | $55M |
| Share buybacks | $2.1B | – | – | – | – |
| Dividends paid | $630M | $652M | $651M | $635M | $597M |
| Dividend per share | 1.20 | 1.32 | 1.44 | 1.52 | 1.43 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 3.6% | −49.2% | 1.6% | 1.9% |
| EPS growth (YoY) | – | −1.2% | −92.0% | 78.7% | −210.7% |
| Gross margin | 36.6% | 35.5% | 32.8% | 33.0% | 34.5% |
| Net margin | 51.5% | 45.1% | 6.4% | 10.5% | −11.4% |
| Return on equityBlank when equity is negative | 24.5% | 22.1% | 1.7% | 3.0% | −5.6% |
| Free cash flow margin | 11.9% | −0.6% | 8.2% | 7.1% | 3.3% |
| Cash conversion (CFO ÷ net income) | 0.35x | 0.10x | 2.00x | 1.09x | −0.72x |
| Receivable days | 47 | 44 | 83 | 43 | 48 |
| Inventory days | 96 | 101 | 176 | 92 | 95 |
| Payable days | 96 | 91 | 138 | 86 | 81 |
| Debt ÷ equity | 0.41x | 0.32x | 0.32x | 0.31x | 0.23x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $8.8B | $4.8B | $5.5B | $5.4B | $2.4B |
| Current ratio | 2.90x | 3.02x | 2.43x | 3.78x | 2.42x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.