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Side-by-side financial comparison of ALLIANCE RESOURCE PARTNERS LP (ARLP) and Corteva (CTVA). Click either name above to swap in a different company.

Corteva is the larger business by last-quarter revenue ($3.9B vs $535.5M, roughly 7.3× ALLIANCE RESOURCE PARTNERS LP). ALLIANCE RESOURCE PARTNERS LP runs the higher net margin — 15.4% vs -14.1%, a 29.6% gap on every dollar of revenue. On growth, Corteva posted the faster year-over-year revenue change (-1.7% vs -9.2%). Corteva produced more free cash flow last quarter ($4.2B vs $99.1M). Over the past eight quarters, Corteva's revenue compounded faster (-6.7% CAGR vs -9.4%).

Alliance Resource Partners LP is a leading North American natural resource enterprise primarily engaged in the production and marketing of coal for utility and industrial customers. It also operates complementary business segments including mineral royalty management, oil and gas extraction, and logistics support services.

Corteva, Inc. is an American company devoted to products for seeds and crop protection, including herbicides, insecticides, fungicides, and biologicals that are sold in 110 countries. The company's name combines "cor" with "teva". It is headquartered in Indianapolis, Indiana. Corteva sells a large portion of their seeds under the Pioneer Hi-Bred International brand.

ARLP vs CTVA — Head-to-Head

Bigger by revenue
CTVA
CTVA
7.3× larger
CTVA
$3.9B
$535.5M
ARLP
Growing faster (revenue YoY)
CTVA
CTVA
+7.5% gap
CTVA
-1.7%
-9.2%
ARLP
Higher net margin
ARLP
ARLP
29.6% more per $
ARLP
15.4%
-14.1%
CTVA
More free cash flow
CTVA
CTVA
$4.1B more FCF
CTVA
$4.2B
$99.1M
ARLP
Faster 2-yr revenue CAGR
CTVA
CTVA
Annualised
CTVA
-6.7%
-9.4%
ARLP

Income Statement — Q4 2025 vs Q4 2025

Metric
ARLP
ARLP
CTVA
CTVA
Revenue
$535.5M
$3.9B
Net Profit
$82.7M
$-552.0M
Gross Margin
42.4%
Operating Margin
18.2%
-13.6%
Net Margin
15.4%
-14.1%
Revenue YoY
-9.2%
-1.7%
Net Profit YoY
406.2%
-1246.3%
EPS (diluted)
$-0.80

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ARLP
ARLP
CTVA
CTVA
Q4 25
$535.5M
$3.9B
Q3 25
$571.4M
$2.6B
Q2 25
$547.5M
$6.5B
Q1 25
$540.5M
$4.4B
Q4 24
$590.1M
$4.0B
Q3 24
$613.6M
$2.3B
Q2 24
$593.4M
$6.1B
Q1 24
$651.7M
$4.5B
Net Profit
ARLP
ARLP
CTVA
CTVA
Q4 25
$82.7M
$-552.0M
Q3 25
$95.1M
$-320.0M
Q2 25
$59.4M
$1.3B
Q1 25
$74.0M
$652.0M
Q4 24
$16.3M
$-41.0M
Q3 24
$86.3M
$-524.0M
Q2 24
$100.2M
$1.1B
Q1 24
$158.1M
$419.0M
Gross Margin
ARLP
ARLP
CTVA
CTVA
Q4 25
42.4%
Q3 25
37.2%
Q2 25
54.6%
Q1 25
47.0%
Q4 24
37.3%
Q3 24
32.7%
Q2 24
52.3%
Q1 24
43.2%
Operating Margin
ARLP
ARLP
CTVA
CTVA
Q4 25
18.2%
-13.6%
Q3 25
18.4%
-14.1%
Q2 25
16.2%
27.9%
Q1 25
17.4%
17.7%
Q4 24
2.6%
2.2%
Q3 24
16.5%
-27.2%
Q2 24
19.8%
21.9%
Q1 24
24.6%
10.7%
Net Margin
ARLP
ARLP
CTVA
CTVA
Q4 25
15.4%
-14.1%
Q3 25
16.6%
-12.2%
Q2 25
10.9%
20.4%
Q1 25
13.7%
14.8%
Q4 24
2.8%
-1.0%
Q3 24
14.1%
-22.5%
Q2 24
16.9%
17.2%
Q1 24
24.3%
9.3%
EPS (diluted)
ARLP
ARLP
CTVA
CTVA
Q4 25
$-0.80
Q3 25
$-0.47
Q2 25
$1.92
Q1 25
$0.95
Q4 24
$-0.05
Q3 24
$-0.76
Q2 24
$1.51
Q1 24
$0.60

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARLP
ARLP
CTVA
CTVA
Cash + ST InvestmentsLiquidity on hand
$71.2M
$4.5B
Total DebtLower is stronger
$1.7B
Stockholders' EquityBook value
$24.1B
Total Assets
$2.9B
$42.8B
Debt / EquityLower = less leverage
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARLP
ARLP
CTVA
CTVA
Q4 25
$71.2M
$4.5B
Q3 25
$94.5M
$2.6B
Q2 25
$55.0M
$2.1B
Q1 25
$81.3M
$2.0B
Q4 24
$137.0M
$3.2B
Q3 24
$195.4M
$2.5B
Q2 24
$203.7M
$2.0B
Q1 24
$134.0M
$1.7B
Total Debt
ARLP
ARLP
CTVA
CTVA
Q4 25
$1.7B
Q3 25
$1.7B
Q2 25
$1.7B
Q1 25
$1.8B
Q4 24
$2.0B
Q3 24
$2.0B
Q2 24
$2.5B
Q1 24
$2.5B
Stockholders' Equity
ARLP
ARLP
CTVA
CTVA
Q4 25
$24.1B
Q3 25
$25.2B
Q2 25
$25.9B
Q1 25
$24.3B
Q4 24
$23.8B
Q3 24
$24.7B
Q2 24
$25.2B
Q1 24
$24.8B
Total Assets
ARLP
ARLP
CTVA
CTVA
Q4 25
$2.9B
$42.8B
Q3 25
$2.9B
$42.2B
Q2 25
$2.9B
$41.8B
Q1 25
$2.9B
$42.1B
Q4 24
$2.9B
$40.8B
Q3 24
$3.0B
$41.9B
Q2 24
$3.1B
$41.5B
Q1 24
$3.0B
$43.6B
Debt / Equity
ARLP
ARLP
CTVA
CTVA
Q4 25
0.07×
Q3 25
0.07×
Q2 25
0.07×
Q1 25
0.07×
Q4 24
0.08×
Q3 24
0.08×
Q2 24
0.10×
Q1 24
0.10×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARLP
ARLP
CTVA
CTVA
Operating Cash FlowLast quarter
$143.9M
$4.4B
Free Cash FlowOCF − Capex
$99.1M
$4.2B
FCF MarginFCF / Revenue
18.5%
106.2%
Capex IntensityCapex / Revenue
8.4%
5.7%
Cash ConversionOCF / Net Profit
1.74×
TTM Free Cash FlowTrailing 4 quarters
$387.9M
$2.8B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARLP
ARLP
CTVA
CTVA
Q4 25
$143.9M
$4.4B
Q3 25
$209.9M
$193.0M
Q2 25
$151.7M
$947.0M
Q1 25
$145.7M
$-2.1B
Q4 24
$168.4M
$4.2B
Q3 24
$209.3M
$130.0M
Q2 24
$215.8M
$451.0M
Q1 24
$209.7M
$-2.6B
Free Cash Flow
ARLP
ARLP
CTVA
CTVA
Q4 25
$99.1M
$4.2B
Q3 25
$145.2M
$36.0M
Q2 25
$84.7M
$829.0M
Q1 25
$58.9M
$-2.2B
Q4 24
$75.3M
$4.0B
Q3 24
$99.0M
$-24.0M
Q2 24
$114.3M
$337.0M
Q1 24
$85.8M
$-2.8B
FCF Margin
ARLP
ARLP
CTVA
CTVA
Q4 25
18.5%
106.2%
Q3 25
25.4%
1.4%
Q2 25
15.5%
12.8%
Q1 25
10.9%
-49.9%
Q4 24
12.8%
100.4%
Q3 24
16.1%
-1.0%
Q2 24
19.3%
5.5%
Q1 24
13.2%
-61.4%
Capex Intensity
ARLP
ARLP
CTVA
CTVA
Q4 25
8.4%
5.7%
Q3 25
11.3%
6.0%
Q2 25
12.2%
1.8%
Q1 25
16.1%
2.1%
Q4 24
15.8%
4.6%
Q3 24
18.0%
6.6%
Q2 24
17.1%
1.9%
Q1 24
19.0%
3.3%
Cash Conversion
ARLP
ARLP
CTVA
CTVA
Q4 25
1.74×
Q3 25
2.21×
Q2 25
2.55×
0.72×
Q1 25
1.97×
-3.23×
Q4 24
10.31×
Q3 24
2.43×
Q2 24
2.15×
0.43×
Q1 24
1.33×
-6.23×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARLP
ARLP

Illinois Basin Segment$339.0M63%
Appalachia Segment$141.4M26%
Other$24.2M5%
Royalties Coal Segment$22.4M4%
Shipping And Handling$10.2M2%

CTVA
CTVA

Corn$1.4B35%
Herbicides$1.1B27%
Insecticides$488.0M12%
Fungicides$272.0M7%
Biologicals$191.0M5%
Soybean$164.0M4%
Other$160.0M4%
Otheroilseeds$94.0M2%

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