DuPont de Nemours, Inc. (DD)

Price—Loading quote

AI: Fair-priced

Price checkThe shares look fairly priced because solid growth already carries a demanding valuation.

At $145.77, after June’s one-for-three reverse split, DuPont trades at about 20.1 times management’s $7.24 midpoint for 2026 adjusted earnings per share. That measure excludes selected costs, making it more favorable than reported profit. The roughly $19.7 billion equity value also equals 20.8 times a simple annualization of first-half transaction-adjusted free cash flow—cash left after running and investing in the business—which was $473 million. Neither signal is cheap, but 4% underlying sales growth, higher margins and low debt support a quality premium.

Big pictureCash improved sharply in 2026, but the longer history remains uneven.

Supplied SEC history shows operating cash flow falling from $845 million in 2023 to $765 million in 2024 and $560 million in 2025. After capital spending, only $227 million remained in 2025, below $597 million of dividends; dividends also exceeded this measure in 2023 and 2024. Reported net income swung from $703 million in 2024 to a $779 million loss in 2025. First-half 2026 improved: operating cash reached $632 million, while transaction-adjusted free cash flow was $473 million versus $163 million of dividends. Portfolio changes make comparisons imperfect.

Business strengthHigh margins and a safer balance sheet offset meaningful exposure to industrial cycles.

Second-quarter sales rose 4% excluding deals and currency movements. Healthcare and Water Technologies produced $856 million of sales and a 30.1% margin on management’s operating profit measure before interest, taxes and accounting charges. Diversified Industrials produced $963 million and a 22.1% margin. Aerospace, biopharma and industrial water helped, while Middle East water demand weakened; construction and vehicle applications remain cyclical. June cash of $1.74 billion against $3.13 billion of debt left $1.39 billion net debt, about 0.8 times the full-year operating-profit guide. Current assets were 2.4 times current liabilities.

What could change the storyFaster cash growth supports upside, while stalled demand or legal costs threaten it.

The price assumes DuPont can deliver roughly $7.24 adjusted earnings per share and sustain about 4% underlying sales growth. An 18-times value on current guidance is about $130; justifying $145.77 at that multiple requires roughly $8.10 per share, about 12% more. The bull case strengthens if annual free cash flow exceeds $1 billion and announced 2026 repurchases totaling $525 million reduce shares by roughly 3%; first-half stock compensation was only $27 million. A guidance miss, cash below $700 million, or large DuPont-specific chemical-liability costs would weaken the case.

$145.77 price considered

AI: News

Second-quarter beatSales, cash and profit beat expectations, leading management to raise its 2026 outlook.

On August 4, 2026, DuPont reported $1.819 billion of sales, up 4%, and $448 million of operating profit before interest, taxes and accounting charges, up 6%. Transaction-adjusted free cash flow reached $326 million. Management raised full-year adjusted earnings guidance to $7.17–$7.32 per share and announced a planned $250 million third-quarter repurchase. Shares finished 1.17% higher on 1.8 times normal volume. The timing suggests a positive response, although other trading influences cannot be excluded.

First-quarter outlook raiseA stronger first quarter and new buyback lifted confidence in the post-separation company.

On May 5, 2026, DuPont reported $1.7 billion of sales, up 4%, $414 million of operating profit before interest, taxes and accounting charges, and $147 million of transaction-adjusted free cash flow. It raised full-year guidance and announced a $275 million accelerated repurchase. The shares rallied 8.4% while the broader market gained 0.8%. That unusually large relative move is consistent with an earnings response, though the timing alone cannot prove the announcement caused the entire gain.

One-for-three reverse splitThe split raised each quoted share price but did not change the company’s total value.

DuPont announced the one-for-three reverse split on May 26, 2026, and it became effective June 24. Every three shares became one, while authorized shares fell proportionally. Full-year adjusted earnings guidance mechanically changed from $2.35–$2.40 to $7.02–$7.16 per share. The event created no new economic value and caused no dilution, but it materially changed the quoted share price and makes figures published before and after June 24 incomparable without adjustment.

Aramids sale completedDuPont traded a famous but slower business for cash, a note and retained upside.

On April 1, 2026, DuPont completed the Kevlar and Nomex Aramids sale at an approximately $1.8 billion value. Consideration included about $1.2 billion of pre-tax cash, a $300 million note and a roughly 16% Arclin stake then valued at $325 million. The cash strengthened DuPont’s ability to reduce debt and repurchase shares, while the note and stake preserved some upside. The trade-off is that DuPont no longer receives the business’s operating earnings.

Revenue

2018

2019

2020

2021

2022

2023

2024

2025

Net income

2018

2019

2020

2021

2022

2023

2024

2025

Free cash flow

2018

2019

2020

2021

2022

2023

2024

2025

Total cash / debt

CashTotal debt

2018

2019

2020

2021

2022

2023

2024

2025

Financial statements

	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$6.85B	$6.72B	$6.61B	$13.02B	$12.57B	$11.13B	$15.44B	$22.59B	$11.67B	$48.16B	$48.78B
Gross profit	—	—	—	—	—	—	—	$20.64B	$12.69B	$10.52B	—
Research & development	$193.0M	$203.0M	$192.0M	$536.0M	$557.0M	$565.0M	$689.0M	$1.07B	$657.0M	$1.59B	$1.60B
Net income	−$779.0M	$703.0M	$423.0M	$5.87B	$6.47B	−$2.95B	$498.0M	$3.85B	$1.16B	$4.32B	$7.68B
Basic EPSper diluted share	-$1.87	$1.68	$0.94	$11.77	$11.92	-$4.01	$0.67	$4.99	$2.18	$3.57	$6.45
Diluted EPSper diluted share	-$1.86	$1.68	$0.94	$11.75	$11.89	-$4.01	$0.67	$4.96	$2.15	$3.52	$6.15

Review source filings at SEC.gov ↗

Insider buys & sells

Jul 1, 2024–Jun 30, 2026

Buys0$0.00 disclosed value

Sells (SEC code S)8$6.83M disclosed value

Transaction	Insider	Type	Shares	Price	Value	Owned after
Jun 2, 2026Form 4	Koch LoriCEO	SellCommon Stock · indirect	260.98	$48.82	$12.7K	0.02
Nov 28, 2025Form 4	Hoover Erik T.SVP & General Counsel	SellCommon Stock	6.0K	$39.79	$238.9K	112.1K
Nov 28, 2025Form 4	Koch LoriCEO	SellCommon Stock	9.0K	$39.46	$355.6K	288.3K
Sep 15, 2025Form 4	Larrabee Steven P.SVP & CIO	SellCommon Stock	4.0K	$76.98	$307.9K	38.6K
Sep 15, 2025Form 4	Larrabee Steven P.SVP & CIO	SellCommon Stock	39.2K	$77.19	$3.03M	42.6K

Review ownership filings at SEC.gov ↗

DuPont de Nemours, Inc. (DD)

Financial charts

Financial statements

Insider buys & sells