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Stock research / United States / DE · Farm Machinery & Equipment · NYSE

Deere & Co. (DE)

John Deere has manufactured agricultural equipment since 1837, and Deere & Company was incorporated in Delaware in 1958. The business is managed through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The first three are the equipment operations, and in fiscal 2025 Production and Precision Agriculture was 45% of equipment sales, Construction and Forestry 29% and Small Agriculture and Turf 26%. The company runs what it calls its Smart Industrial Operating Model, built on three pillars: production systems, technology stack and lifecycle solutions.

Deere & Co.

John Deere has manufactured agricultural equipment since 1837, and Deere & Company was incorporated in Delaware in 1958. The business is managed through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The first three are the equipment operations, and in fiscal 2025 Production and Precision Agriculture was 45% of equipment sales, Construction and Forestry 29% and Small Agriculture and Turf 26%. The company runs what it calls its Smart Industrial Operating Model, built on three pillars: production systems, technology stack and lifecycle solutions.

Production and Precision Agriculture

The segment serves production-scale growers of large grains such as corn and soy, small grains such as wheat, oats and barley, cotton and sugarcane. Its machines include four-wheel-drive and track and row crop tractors, harvesters, cotton pickers, cotton strippers, sugarcane harvesters, sugarcane loaders and related harvesting front-end equipment, along with tillage, seeding and application equipment including sprayers and nutrient management, soil preparation machinery, attachments and service parts. The company states that it continues to invest in advanced technology through integrated agricultural solutions and precision technologies across the equipment portfolio, and that it has built a production system-level approach to understand how customers operate. Brand names in the segment include Hagie and Mazzotti sprayers, PLA, King Agro carbon fibre sprayer booms, Harvest Profit and Sentera.

Small Agriculture and Turf

The segment serves dairy and livestock producers, high-value crop and small acre crop producers, and turf and utility customers. Equipment covers specialty, utility and compact tractors, hay and forage equipment including self-propelled forage harvesters, attachments, balers and mowers, and turf and utility equipment including riding lawn equipment, commercial mowing equipment, golf course equipment and utility vehicles, with implements for mowing, tilling, snow and debris handling and aerating across residential, commercial, golf and sports turf work. Brands include Frontier, Kemper, GreenSystem, Smart Apply, GUSS, A and I, Sunbelt Outdoor Products and Alternatives by John Deere.

Construction and Forestry

The segment supplies construction, roadbuilding and forestry machines with precision technology alongside them, aimed at jobsite safety, a shortage of skilled labour, volatile input costs, rework, uptime and environmental footprint. Products include backhoe loaders, crawler dozers and loaders, skid steers, four-wheel-drive and compact wheel loaders, excavators and compact excavators, timber harvesting equipment, road building and rehabilitation equipment, articulated dump trucks and motor graders. Technology in the segment includes SmartWeigh, Smart Grade, machine and system automation, the John Deere Operations Center and SmartDetect obstacle detection using cameras, radar and machine learning. Roadbuilding brands include Wirtgen, Vögele, Hamm, Kleemann, Benninghoven and Ciber.

Parts, supply and distribution

Parts and services support current product lines and products sold in the past, with maintenance and repair contracts and warranty extension services, and precision technology is sold both built into machines and as aftermarket retrofit parts through dealers and the John Deere Store. Raw materials, manufactured components and replacement parts come from suppliers worldwide and include steel products, metal castings, forgings, plastics, hydraulics, electronics and ready-to-assemble components made to specification. In the United States and Canada the company markets through approximately 2,050 independent dealer locations, of which approximately 1,600 sell agricultural equipment and approximately 450 sell construction, earthmoving, material handling, roadbuilding, compact construction or forestry equipment, with about 260 turf-only locations and some lawn, garden and compact construction products sold through The Home Depot and Lowe's. Outside those two countries the equipment is sold to distributors and dealers for resale in over 100 countries.

Financial Services and people

The financial services segment finances retail purchases of new equipment from dealers and of used equipment taken in trade, mainly through John Deere Capital Corporation in the United States and John Deere Financial Inc. in Canada, which buy retail notes from the group's sales companies. It also finances and services revolving charge accounts, most of them acquired from third-party merchants in the agricultural and turf markets, and provides wholesale financing, leases and extended warranties. At 2 November 2025 the company had approximately 73,100 employees, of which approximately 32,500 were full-time production employees, with 27,000 total employees in the United States.

From Deere & Company's annual report on Form 10-K for the year ended 2 November 2025. The filing

Compare with another name What $10,000 in Deere became

Next results: expected around 25 Nov 2026, last year 26 Nov 2025. Earnings calendar

Latest results

Latest quarterQ3 FY2026ended 2 August 2026 · 10-Q filed 27 August 2026
Revenue
$12.6 billion
+4.9% on the year · -5.7% on the quarter
Q4 FY2024Q3 FY2026
Net income
$1.4 billion
+7.0% on the year · -22.2% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$5.10
+7.4% on the year · -22.1% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 2 November 2025 · 10-K filed 18 December 2025
Revenue
$45.7 billion
-11.7% on the year
FY2018FY2025
Net income
$5.0 billion
-29.2% on the year
FY2018FY2025
Diluted EPS
$18.50
-27.8% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsDeere (DE) reported revenue of $45.7 billion for fiscal 2025, the year ended 2 November 2025, down 11.7% on the year before. Net income was $5.0 billion and diluted earnings per share $18.50. Revenue was $51.7 billion in fiscal 2024, $61.3 billion in fiscal 2023, $52.6 billion in fiscal 2022 and $44.0 billion in fiscal 2021. Net income in the same years was $7.1 billion, $10.2 billion, $7.1 billion and $6.0 billion. Over the twelve months to 2 August 2026, Deere reported revenue of $48.0 billion and net income of $4.9 billion. Revenue grew 5.2% a year, compounded, over the five years to fiscal 2025. Deere declared $6.48 a share in dividends over the last four quarters and had 270 million shares outstanding at the latest filed count. At 2 August 2026 it carried $63.8 billion of debt and $8.9 billion of cash. At the close of 6 November 2026 the market cap of Deere was $181.2 billion, 37.3 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE17.4%
ROCE7.0%
Operating margin13.4%
Net margin10.2%
FCF margin12.5%
Interest cover2.2x
Debt to equity2.28x
Cash conversion1.49x
Share count, last 12 months-0.3%
Sales CAGR, 3 years-4.6%
Profit CAGR, 3 years-11.0%
EPS, TTM$18.00

At the close of 6 November 2026

Price$672.00
Market cap$181.2 billion
Stock P/E37.3x
Price to book6.5x
EV / EBITDA26.9x
Dividend yield1.0%
Market cap / sales3.8x
52-week high$709.48
52-week low$462.86
Price, 1 year41.4%
Price CAGR, 3 years22.1%
Price CAGR, 5 years13.6%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Deere & Co.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
DEgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022 †Q2 FY2022Q3 FY2022Q4 FY2022 * †Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue11,3279,56913,37014,10215,53612,65217,38715,80115,41112,18515,23513,15211,1448,50812,76312,01812,3959,61113,36912,608
Cost of revenue8,1206,6958,9189,51110,2147,93410,7309,6249,4277,2009,1577,8486,5705,0377,6097,5707,9436,2808,2667,939
Gross profit3,2072,8744,4524,5915,3224,7186,6576,1775,9844,9856,0785,3044,5743,4715,1544,4484,4523,3315,1034,669
Gross margin28%30%33%33%34%37%38%39%39%41%40%40%41%41%40%37%36%35%38%37%
R&D450402453481576495547528607533565567625526549556680554583567
SG&A9357819329591,1919521,3301,1101,2031,0661,2651,2781,2319721,1971,2171,2779721,2091,220
Operating income1,6921,2352,6702,6462,9572,5183,8983,5163,0262,2153,1172,3551,5198952,3371,6001,4258362,2931,882
Operating margin15%13%20%19%19%20%22%22%20%18%20%18%14%11%18%13%11%9%17%15%
Interest expense210229187296350479569623782802836840870829784794763719712710
Pre-tax income1,6121,1512,5522,5392,8852,4933,8483,6063,0722,2153,1172,3551,5198952,3371,6001,4258362,2931,882
Tax rate20%22%18%26%22%22%26%18%23%21%24%27%16%3%23%21%25%23%23%28%
Net income1,2829032,0981,8842,2461,9592,8602,9782,3691,7512,3701,7341,2458691,8041,2891,0656561,7731,379
Net margin11%9%16%13%14%15%16%19%15%14%16%13%11%10%14%11%9%7%13%11%
Diluted EPS$4.12$2.92$6.81$6.16$7.44$6.55$9.65$10.20$8.26$6.23$8.53$6.29$4.55$3.19$6.64$4.75$3.93$2.42$6.55$5.10
Operating cash flow3,412-2,5537912,1804,281-1,2461,0993,0435,693-9081,8523,1955,092-1,1321,7002,8963,995-8901,9322,208
Capital expenditure356193153250538315269303611362357324597352203297508256195265
Free cash flow3,056-2,7466381,9303,743-1,5618302,7405,082-1,2701,4952,8714,495-1,4841,4972,5993,487-1,1461,7371,943
Buybacks7586236031,2511,1201,2571,2892,1172,5531,3281,0948057804413972982.0302198197
Dividends paid279327322322342341356368362386410406403403440439438441437438
Shares outstanding307m307m306m302m298m296m293m288m282m278m276m274m272m271m271m270m270m270m270m270m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2007FY2008FY2009FY2010FY2011FY2012 †FY2013 †FY2014 †FY2015FY2016FY2017 †FY2018 †FY2019FY2020 †FY2021 †FY2022FY2023FY2024FY2025TTM
Revenue24,08228,43823,11226,00532,01236,15737,79536,06728,86326,64429,73837,35839,25835,54044,02452,57761,25151,71645,68447,983
Cost of revenue16,25319,57516,25517,39921,91925,00825,66724,77620,14318,24919,93426,97028,37023,67729,11635,33837,71530,77528,15930,428
Gross profit7,8298,8636,8578,60610,09311,14912,12811,2918,7208,3959,80410,38810,88811,86314,90817,23923,53620,94117,52517,555
Gross margin32.5%31.2%29.7%33.1%31.5%30.8%32.1%31.3%30.2%31.5%33.0%27.8%27.7%33.4%33.9%32.8%38.4%40.5%38.4%36.6%
Research and development8179439771,0521,2261,4341,4771,4521,4251,3891,3731,6581,7831,6441,5871,9122,1772,2902,3112,384
Selling, general and administrative2,6212,9602,7812,9693,1693,4173,6063,2842,8732,7643,0983,4563,5513,4773,3833,8634,5954,8404,6634,678
Operating incomen/a3,4201,6073,4084,5645,1095,9285,2183,1402,5893,5744,4764,4154,3058,0129,50812,9589,0396,2576,436
Operating marginn/a12.0%7.0%13.1%14.3%14.1%15.7%14.5%10.9%9.7%12.0%12.0%11.2%12.1%18.2%18.1%21.2%17.5%13.7%13.4%
Interest expense1,1511,1371,0428117597837416646807649001,2041,4661,2479931,0622,4533,3483,1702,904
Pre-tax income2,6763,1241,3403,0254,2234,7345,4834,7972,7802,2243,1544,0714,0883,8837,6029,12713,0199,2066,2576,436
Income tax8831,1114601,1621,4241,6591,9461,6268407009711,7278521,0821,6582,0072,8712,0941,2591,597
Effective tax rate33.0%35.6%34.3%38.4%33.7%35.0%35.5%33.9%30.2%31.5%30.8%42.4%20.8%27.9%21.8%22.0%22.1%22.7%20.1%24.8%
Net income1,8222,0538741,8652,8003,0653,5373,1621,9401,5242,1592,3683,2532,7515,9637,13110,1667,1005,0274,873
Net margin7.6%7.2%3.8%7.2%8.7%8.5%9.4%8.8%6.7%5.7%7.3%6.3%8.3%7.7%13.5%13.6%16.6%13.7%11.0%10.2%
Diluted EPS$4.00$4.70$2.06$4.35$6.63$7.63$9.09$8.63$5.77$4.81$6.68$7.24$10.15$8.69$18.99$23.28$34.63$25.62$18.50$18.00
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2019 to FY2025, 1 year left out

FY2019FY2020FY2022FY2023FY2024FY2025Share
of the parts, latest year
Production & Precision Agriculture (PPA)n/an/a22,31827,28921,38017,75338.5%
Construction & Forestry (CF)11,5089,18113,06514,98513,20611,64225.2%
Small Agriculture & Turf (SAT)n/an/a13,56914,22511,21510,43222.6%
Financial Services (FS)3,6213,589n/a5,5546,4936,28913.6%
Agriculture and Turf24,12922,770n/an/an/an/an/a
Not assigned to a part in the filingn/an/a3,625n/an/an/an/a
Production & Precision Agriculture (PPA) FY2022 to FY2025Construction & Forestry (CF)Small Agriculture & Turf (SAT) FY2022 to FY2025Financial Services (FS) FY2019 to FY2025Agriculture and Turf FY2019 to FY2020
39.3FY201935.5FY202049.0FY202262.1FY202352.3FY202446.1FY2025

$ billion; hover a block for its figure and share; the figure over a bar is its parts, before the lines named below; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in. Not assigned to a part in the filing is the company's own eliminations and corporate items, which take the parts to revenue: shown as filed, with no share and no block in the chart.

Profit by segment FY2019 to FY2025, 1 year left out

The operating profit each segment reports. Costs Deere does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2019FY2020FY2022FY2023FY2024FY2025Margin
FY2025
Production & Precision Agriculture (PPA)n/an/a4,3866,9964,5142,67115.0%
Construction & Forestry (CF)1,2155902,0142,6952,0091,0288.8%
Small Agriculture & Turf (SAT)n/an/a1,9492,4721,6271,20711.6%
Financial Services (FS)6947461,1597958891,11417.7%
Agriculture and Turf2,5062,969n/an/an/an/an/a
Production & Precision Agriculture (PPA) FY2022 to FY2025Agriculture and Turf FY2019 to FY2020Construction & Forestry (CF)Small Agriculture & Turf (SAT) FY2022 to FY2025Financial Services (FS)
4.4FY20194.3FY20209.5FY202213.0FY20239.0FY20246.0FY2025

$ billion; the figure over a bar is all the segments together. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Production & Precision Agriculture (PPA)38%44%
Construction & Forestry (CF)25%17%
Small Agriculture & Turf (SAT)23%20%
Financial Services (FS)14%19%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Revenue by product or service FY2014 to FY2025

FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Net Salesn/an/an/a25,88533,35134,88631,27239,73747,91755,56544,75938,91785.8%
Finance and Interest Incomen/an/an/a2,7323,1073,4933,4503,2963,3654,4415,4945,45112.0%
Other Incomen/an/an/a1,1219008798189911,2951,0011,1301,0062.2%
Equipment Operations33,66026,45524,102n/an/an/an/an/an/an/an/an/an/a
Financial Services2,8052,8162,919n/an/an/an/an/an/an/an/an/an/a
Net Sales FY2017 to FY2025Finance and Interest Income FY2017 to FY2025Other Income FY2017 to FY2025Equipment Operations FY2014 to FY2016Financial Services FY2014 to FY2016
29.3FY201529.7FY201739.3FY201944.0FY202161.0FY202345.4FY2025

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region FY2009 to FY2025

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
United Statesn/an/an/an/an/an/an/an/an/an/a20,92618,99622,81428,23834,10530,24223,97452.5%
Western Europen/an/an/an/an/an/an/an/an/an/a5,5395,3336,4296,3447,3216,1896,55014.3%
Latin American/an/an/an/an/an/an/an/an/an/a3,8853,0234,5227,3398,1975,5385,60712.3%
Asia, Africa, Oceania, and Middle Eastn/an/an/an/an/an/an/an/an/an/an/an/a4,5804,4655,2044,3594,2439.3%
Canadan/an/an/an/an/an/an/an/an/an/a2,8202,3903,0153,9024,2873,9003,7358.2%
Central Europe and CISn/an/an/an/an/an/an/an/an/an/a2,2092,0722,6642,2892,1371,4881,5753.4%
Asia, Africa, Australia, New Zealand, and Middle Eastn/an/an/an/an/an/an/an/an/an/a3,8793,726n/an/an/an/an/an/a
Other328358384n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Outside U.S. and Canada:7,9619,03612,41512,99913,49513,1479,6169,33911,26314,971n/an/an/an/an/an/an/an/a
U.S. and Canada:14,82316,61119,21422,73723,85222,39118,75016,74217,55721,632n/an/an/an/an/an/an/an/a
Not assigned to a part in the filingn/an/an/an/an/an/a497563918755n/an/an/an/an/an/an/an/a
United States FY2019 to FY2025Western Europe FY2019 to FY2025Latin America FY2019 to FY2025Asia, Africa, Oceania, and Middle East FY2021 to FY2025Canada FY2019 to FY2025Central Europe and CIS FY2019 to FY2025Asia, Africa, Australia, New Zealand, and Middle East FY2019 to FY2020U.S. and Canada: FY2009 to FY2018Outside U.S. and Canada: FY2009 to FY2018Other FY2009 to FY2011
26.0FY201037.3FY201326.1FY201639.3FY201952.6FY202245.7FY2025

$ billion; hover a block for its figure and share; the figure over a bar is its parts, before the lines named below; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in. Not assigned to a part in the filing is the company's own eliminations and corporate items, which take the parts to revenue: shown as filed, with no share and no block in the chart.

Cash flow

FY2007FY2008FY2009FY2010FY2011FY2012 †FY2013 †FY2014 †FY2015FY2016FY2017 †FY2018 †FY2019FY2020 †FY2021 †FY2022FY2023FY2024FY2025TTM
Operating cash flow2,7591,9491,9852,2822,3261,1683,2543,5263,7593,7642,2001,8203,4127,4837,7264,6998,5899,2317,4597,245
Capital expenditure1,0221,1129077621,0571,3191,1581,0486946445958961,1208208481,1341,4981,6401,3601,224
Free cash flow1,7378371,0781,5201,270-1522,0962,4783,0653,1201,6059242,2926,6636,8783,5657,0917,5916,0996,021
Free cash flow margin7.2%2.9%4.7%5.8%4.0%-0.4%5.5%6.9%10.6%11.7%5.4%2.5%5.8%18.7%15.6%6.8%11.6%14.7%13.4%12.5%
Cash from investing-1,933-1,426-57.0-2,109-2,621n/an/an/a-1,059n/a-1,662-8,176-3,924-3,319-5,750-8,485-8,749-6,464-2,057-2,081
Cash from financing-281-648470-1,010140n/an/an/a-2,138n/a4,286876509-980-1,0788262,808-2,717-4,579-4,850
Depreciation and amortisation7448318739159151,0041,1401,3061,3821,5601,7161,9272,0192,1182,0501,8952,0042,1182,2292,348
Share-based compensation82.070.670.571.269.074.580.778.566.170.668.184.082.081.082.085.0130208151163
Buybacks1,5181,6783.23591,6671,5881,5312,7312,7712056.09581,2537502,5383,5977,2164,0071,138699
Dividends paid3874484734845936987537868167617648069439561,0401,3131,4271,6051,7201,754
Dividend per share$0.91$1.06$1.12$1.16$1.52$1.79$1.99$2.22$2.40$2.40$2.40$2.58$3.04$3.04$3.61$4.36$5.05$5.88$6.48n/a
Diluted shares, weighted455m436m424m429m422m402m389m366m336m317m323m327m321m317m314m306m294m277m272m271m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a282m272m270m270m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2007FY2008FY2009FY2010FY2011FY2012 †FY2013 †FY2014 †FY2015FY2016FY2017 †FY2018 †FY2019FY2020 †FY2021 †FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity7,1566,5334,8196,2906,8006,84210,2669,0636,7586,5209,55711,28811,41312,93718,43120,26221,78522,83625,95027,990
Non-controlling interestn/an/a4.113.114.619.91.92.9n/a10.83.23.04.07.03.03.04.07.06.07.0
Redeemable equityn/an/an/an/an/an/an/an/an/a14.014.014.014.0n/an/a92.097.082.051.044.0
Debtn/a13,89817,39224,34926,59032,42034,47636,958n/a11,91540,04542,25645,33445,99848,41251,89963,41165,19363,93663,836
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/an/an/a39.038.030.049.072.073.0n/a
Other liabilitiesn/a18,30318,91812,61414,80316,98314,77815,312n/a39,52216,16616,54716,24616,11017,23017,74418,74119,13015,98015,730
Total liabilities and equityn/a38,73541,13343,26748,20756,26659,52161,336n/a57,98165,78670,10873,01175,09184,11490,030104,087107,320105,996107,607
Owned
Fixed assetsn/a4,1284,532n/a4,3525,0125,4675,5785,1815,1715,0685,8685,973n/an/an/an/an/an/an/a
Goodwilln/a1,2251,0369991,0009218457917268161,0333,1012,9173,0813,2913,6873,9003,9594,1884,466
Intangible assetsn/a16113611712710577.168.8n/a1042181,5621,3801,3271,2751,2181,133999892940
Securities held for sale or to maturityn/an/a1922287871,4701,6051,160n/a3943894445225776516617241,1541,3441,303
Loansn/a16,01715,25517,68219,92422,15925,63327,422n/a23,70225,10427,05429,19529,75033,799n/an/an/an/an/a
Cash and equivalents2,2792,2114,6523,7913,6474,6523,5043,7874,1624,3369,3353,9043,8577,0668,0174,7747,4587,3248,2768,928
Inventoryn/a3,0422,3973,0634,3715,1704,9354,210n/a3,3403,9046,1495,9754,9996,7818,4958,1607,0937,4067,811
Other assetsn/a11,95112,93217,38814,00016,77617,45618,32047,81420,11820,73522,02623,19228,29130,30071,19582,71286,79183,89084,159
Total assetsn/a38,73541,13343,26748,20756,26659,52161,33657,88357,98165,78670,10873,01175,09184,11490,030104,087107,320105,996107,607
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded4.7%5.2%-4.6%8.0%
Profit growth, compounded10.0%12.8%-11.0%-6.4%
Return on equity, average28.1%32.9%32.4%19.4%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

When does Deere report its next earnings?

Deere is expected to report its next results around 25 Nov 2026, the same weekday a year after it reported the same quarter last year on 26 Nov 2025. No day set by the company is on record yet.

What was Deere's revenue in fiscal 2025?

Deere (DE) reported revenue of $45.7 billion for fiscal 2025, the year ended 2 November 2025, down 11.7% on the year before.

How much did Deere earn in fiscal 2025?

Net income was $5.0 billion for fiscal 2025, and diluted earnings per share $18.50.

What is Deere's P/E ratio?

At the close of 6 November 2026, Deere traded at 37.3 times its earnings over the twelve months to 2 August 2026.

What is Deere's market cap?

The market cap of Deere was $181.2 billion at the close of 6 November 2026.

Does Deere pay a dividend?

Yes. Deere declared $6.48 a share in dividends over the four quarters to 2 August 2026.

Peers: Machinery

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
ASML Holding N.V. ASML *$549.0 billion51.6449.0%34.6%15.6%0.220.5%
Caterpillar Inc. CAT$255.6 billion21.9255.1%18.3%20.3%2.101.1%
Lam Research Corp. LRCX$250.2 billion29.8660.8%37.0%33.4%0.270.6%
Deere & Co. DE$181.2 billion37.3317.4%13.4%8.0%2.281.0%
Eaton Corp. plc ETN$132.8 billion34.1418.6%n/a20.1%0.961.3%
Johnson Controls International plc JCI$81.8 billion23.4726.5%n/a6.8%0.701.2%
Illinois Tool Works Inc. ITW$79.9 billion25.04102.7%26.6%4.8%2.982.3%
Cummins Inc. CMI$61.7 billion18.7924.9%12.5%6.7%0.561.8%
Baker Hughes Co. BKR$47.5 billion16.5014.4%n/a3.7%0.91n/a
Agco Corp. AGCO$7.6 billion28.416.9%5.6%0.9%0.661.1%
Alamo Group Inc. ALG$1.6 billion20.876.5%6.9%1.8%0.201.0%
Lindsay Corp. LNN$1.1 billion19.9511.0%10.5%-6.0%0.231.4%
All 85 in Machinery
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
ASML Holding N.V. ASML *$549.0 billion51.6449.0%34.6%15.6%0.220.5%
Caterpillar Inc. CAT$255.6 billion21.9255.1%18.3%20.3%2.101.1%
Lam Research Corp. LRCX$250.2 billion29.8660.8%37.0%33.4%0.270.6%
Deere & Co. DE$181.2 billion37.3317.4%13.4%8.0%2.281.0%
Eaton Corp. plc ETN$132.8 billion34.1418.6%n/a20.1%0.961.3%
Johnson Controls International plc JCI$81.8 billion23.4726.5%n/a6.8%0.701.2%
Illinois Tool Works Inc. ITW$79.9 billion25.04102.7%26.6%4.8%2.982.3%
Cummins Inc. CMI$61.7 billion18.7924.9%12.5%6.7%0.561.8%
Baker Hughes Co. BKR$47.5 billion16.5014.4%n/a3.7%0.91n/a
Carrier Global Corp. CARR$42.8 billionn/a-17.3%-4.8%3.3%1.101.3%
Ingersoll Rand Inc. IR$31.9 billion23.3713.2%22.9%8.0%0.45n/a
Dover Corp. DOV$27.1 billion23.8915.3%17.0%8.2%0.431.0%
TechnipFMC plc FTI$24.8 billion19.9838.6%16.8%9.1%0.120.3%
Xylem Inc. XYL$22.4 billion21.6510.5%15.1%1.9%0.281.7%
Symbotic Inc. SYM$22.2 billion409.171.8%0.9%20.6%0.00n/a
ITT Inc. ITT$18.3 billion42.308.8%14.0%35.8%0.740.7%
Nordson Corp. NDSN$17.3 billion31.3417.0%26.9%7.0%0.531.1%
nVent Electric plc NVT$17.2 billion25.6016.5%17.8%48.0%0.530.8%
Curtiss Wright Corp. CW$16.9 billion30.9021.7%18.9%10.7%0.370.2%
Idex Corp. IEX$16.7 billion31.5413.3%20.9%6.9%0.441.3%
RBC Bearings Inc. RBC$15.6 billion42.4610.0%24.4%17.4%0.20n/a
Zebra Technologies Corp. ZBRA$15.2 billion25.9816.9%14.9%16.9%0.72n/a
Lincoln Electric Holdings Inc. LECO$14.9 billion26.4137.0%17.3%11.1%0.741.1%
CNH Industrial N.V. CNH$14.3 billion46.224.0%n/a0.6%3.332.2%
Lennox International Inc. LII$11.7 billion15.8756.9%18.8%1.9%1.231.5%
Regal Rexnord Corp. RRX$11.3 billion48.883.4%10.0%4.7%0.650.8%
BWX Technologies, Inc. BWXT$11.0 billion29.3026.4%12.4%17.7%1.430.9%
Graco Inc. GGG$10.9 billion21.8221.0%26.8%5.4%0.051.7%
Pentair plc PNR$10.9 billion18.0715.9%19.6%-3.9%0.381.6%
Moog Inc. MOG.A$10.3 billion27.5517.0%13.3%15.6%0.410.4%
Flowserve Corp. FLS$10.2 billion40.3811.0%10.0%0.2%0.891.1%
Toro Co. TTC$9.9 billion28.0327.2%10.3%5.2%0.721.5%
Donaldson Co. Inc. DCI$9.8 billion21.9025.7%15.4%5.3%0.751.4%
Agco Corp. AGCO$7.6 billion28.416.9%5.6%0.9%0.661.1%
Zurn Elkay Water Solutions Corp. ZWS$7.2 billion25.4217.2%22.1%10.1%0.301.0%
SPX Technologies, Inc. SPXC$7.1 billion24.1812.2%16.1%20.2%0.55n/a
Timken Co. TKR$7.0 billion25.258.9%11.0%5.9%0.611.4%
JBT Marel Corp. JBTM$6.6 billion34.224.4%7.3%20.3%0.380.3%
NOV Inc. NOV$6.3 billion43.912.3%5.5%-1.0%0.272.0%
Middleby Corp. MIDD$6.2 billionn/a-21.3%16.5%8.4%0.90n/a
Weatherford International plc WFRD$6.1 billion15.0620.7%12.4%-5.7%0.761.3%
Gates Industrial Corp. Ltd. GTES$6.1 billion16.7410.4%13.5%4.0%0.62n/a
Esab Corp. ESAB$5.1 billion33.536.1%11.2%11.0%0.910.5%
Brunswick Corp. BC$5.0 billion23.6312.5%5.7%10.4%1.182.3%
Aaon, Inc. AAON$4.7 billion29.7915.8%11.0%53.5%0.430.7%
Cactus, Inc. WHD$4.7 billion40.3714.1%18.8%40.4%0.001.0%
Solaris Energy Infrastructure, Inc. SEI$4.6 billion60.165.9%22.8%73.8%2.040.8%
Alliance Laundry Holdings Inc. ALH$4.5 billion24.8535.6%19.1%n/an/a0.0%
Kadant Inc. KAI$3.5 billion31.5210.7%15.0%12.5%0.500.5%
Hayward Holdings, Inc. HAYW$3.4 billion20.8310.7%21.6%7.6%0.600.0%
ACM Research, Inc. ACMR$3.3 billion27.876.1%14.5%29.1%0.18n/a
Axcelis Technologies Inc. ACLS$3.1 billion29.549.4%10.3%4.3%0.00n/a
Standex International Corp. SXI$2.8 billion24.3414.6%22.5%8.3%0.670.6%
Ouster, Inc. OUST$2.5 billionn/a-8.2%-25.6%63.7%0.00n/a
Dnow Inc. DNOW$2.4 billionn/a-8.8%-3.9%96.8%0.18n/a
Veeco Instruments Inc. VECO$2.3 billion92.962.8%3.0%6.6%0.25n/a
Enerpac Tool Group Corp. EPAC$2.0 billion22.5819.8%19.8%5.7%0.400.1%
Cricut, Inc. CRCT$1.8 billion19.0723.8%16.7%-0.9%0.002.3%
Flowco Holdings Inc. FLOC$1.8 billion18.2210.5%18.6%20.4%0.670.4%
Gorman Rupp Co. GRC$1.8 billion24.1216.0%16.1%6.5%0.54n/a
Kennametal Inc. KMT$1.8 billion3.0332.4%31.0%32.5%0.623.5%
Innovex International, Inc. INVX$1.8 billion36.394.4%6.9%7.0%0.02n/a
Azenta, Inc. AZTA$1.7 billionn/a-8.1%-28.6%4.8%0.00n/a
Alamo Group Inc. ALG$1.6 billion20.876.5%6.9%1.8%0.201.0%
Tennant Co. TNC$1.2 billion53.354.2%3.9%-0.4%0.651.7%
Lindsay Corp. LNN$1.1 billion19.9511.0%10.5%-6.0%0.231.4%
Graham Corp. GHM$915 million67.776.7%6.0%16.2%0.00n/a
Power Solutions International, Inc. PSIX$903 million12.8330.1%14.9%-0.2%0.16n/a
Aebi Schmidt Holding AG AEBI$864 million35.062.6%4.5%79.4%0.751.5%
Douglas Dynamics, Inc. PLOW$839 million13.1720.8%12.7%22.8%0.333.3%
Astec Industries Inc. ASTE$824 million71.501.7%3.1%13.8%0.551.5%
Manitowoc Co. Inc. MTW$807 million31.493.7%3.6%10.2%0.67n/a
Forum Energy Technologies, Inc. FET$800 million27.469.5%7.4%10.6%0.40n/a
Columbus McKinnon Corp. CMCO$510 millionn/a-25.9%-6.8%80.7%1.801.6%
Oil States International, Inc. OIS$499 millionn/a-18.4%-14.0%-0.7%0.03n/a
Energy Recovery, Inc. ERII$364 million79.333.1%0.8%-26.2%0.00n/a
Twin Disc Inc. TWIN$331 million10.5914.1%5.2%12.1%0.180.7%
Gencor Industries Inc. GENC$250 million16.886.6%11.7%-6.4%0.00n/a
Taylor Devices, Inc. TAYD$244 millionn/a9.3%13.2%-12.5%0.00n/a
Perma-Pipe International Holdings, Inc. PPIH$234 million15.0016.7%12.1%24.8%0.39n/a
NN Inc. NNBR$225 millionn/a-25.3%-3.1%13.9%1.63n/a
Serve Robotics Inc. SERV$203 millionn/a-67.7%-2,207.0%410.9%0.00n/a
Amtech Systems Inc. ASYS$200 million43.963.5%8.1%-2.4%0.00n/a
Ampco Pittsburgh Corp. AP$122 millionn/a-190.4%-11.1%3.3%4.42n/a
Sono TEK Corp. SOTK$68 million35.929.5%10.2%4.4%0.00n/a
3 companies share its SEC industry code (Farm Machinery & Equipment); the rest are the names nearest in size in its wider industry, Machinery, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on DE

Dividends$6.48 a share over the four quarters to 2 August 2026, a 0.96% yield
Filings23 in twelve months: 12 current reports (8-K), about 7 regulation FD disclosure; 6 officer or director change; 4 results of operations; 1 other events; 1 shareholder vote
Planned insider sales7 Form 144 notices in twelve months, $56.9 million; latest 31 August 2026
Options tapeput/call 1.07 by open interest at the 6 November 2026 close; the straddle prices a 4.6% move to 13 November 2026
13F holders2,675 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading27 sales and 0 purchases on Form 4 in twelve months
Congress2 House trades disclosed in six months
Short interest5.2 million shares short, 4.16 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q2 August 202627 August 2026EDGAR
10-Q3 May 202628 May 2026EDGAR
10-Q1 February 202626 February 2026EDGAR
10-K2 November 202518 December 2025EDGAR
10-Q27 July 202528 August 2025EDGAR
10-Q27 April 202529 May 2025EDGAR
10-Q26 January 202527 February 2025EDGAR
10-K27 October 202412 December 2024EDGAR
10-Q28 July 202429 August 2024EDGAR
10-Q28 April 202430 May 2024EDGAR

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