Deere
DE NYSE· Agricultural & Farm Machinery
Last close · Oct 26, 2026
$641.25
KIRA · Stoqly’s AI analyst, in plain words
- Deere had $45.7B of revenue in fiscal 2025, down 11.7% on the year before. Over five years, revenue changed +5.2% a year on average.
- Deere made $5.0B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 16.1% a year.
- Free cash flow was $6.1B in fiscal 2025, 13.4% of revenue.
- Deere returned $2.9B to shareholders in fiscal 2025, 47% of free cash flow. The diluted share count fell 2.0%.
Market cap
$173.6B
P/E
35.6x
Revenue
$45.7B
Net income
$5.0B
Free cash flow
$6.1B
Operating margin
—
Deere in 30 seconds · fiscal 2025
Are sales growing?
−11.7%
No. Sales fell 11.7% last year.
Does it make a profit?
11.0%
Yes. It keeps 11.0% of every sale as profit.
Does profit turn into cash?
13.4%
Yes. 13.4% of sales ends up as free cash.
How is the share priced?
35.6x
One share costs 35.6 times its yearly profit per share. Typical for its sector: 26.0x.
What Deere does
Deere, which sells under the John Deere name, makes farm, lawn and construction equipment. Its machines include large tractors, combines, cotton and sugarcane harvesters, planters and sprayers for big farms; smaller tractors, hay equipment, riding mowers, utility vehicles and golf course equipment; and excavators, loaders, bulldozers, forestry machines and road-building equipment, including Wirtgen products. It also sells software and technology that connects its machines and helps farmers and builders track their work. It sells mainly through independent dealers, about 2,050 dealer locations in the US and Canada alone, and its finance arm lends to customers and dealers. In the fiscal year that ended in November 2025, Production & Precision Agriculture, the large-farm equipment segment, made up 45% of equipment net sales; Small Agriculture & Turf 26%; and Construction & Forestry 29%. Its fourth segment, Financial Services, earns money from loans, leases and extended warranties.
Biggest risks, in its own words
- Its results depend on farming, a cyclical industry affected by crop prices, weather and farm incomes.
- Trade laws, tariffs and trade policies that could raise costs and hurt its profits.
- A complex global supply chain that can be disrupted, with swings in the price and availability of parts and materials.
- Its reliance on independent dealers to sell and service its equipment.
- Fiscal year ends
- November 2, 2025
- Latest annual report
- 10-K · Dec 18, 2025
- Legal name
- DEERE & CO
- CIK
- 0000315189
Deere · DE
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $44.0B | $52.6B | $61.3B | $51.7B | $45.7B |
| Revenue growth | 23.9% | 19.4% | 16.5% | −15.6% | −11.7% |
| Operating margin | 18.2% | 18.1% | 21.2% | 17.5% | — |
| Net income | $6.0B | $7.1B | $10.2B | $7.1B | $5.0B |
| Net margin | 13.5% | 13.6% | 16.6% | 13.7% | 11.0% |
| Diluted EPS | $18.99 | $23.28 | $34.63 | $25.62 | $18.50 |
| Cash | |||||
| Cash from operations | $7.7B | $4.7B | $8.6B | $9.2B | $7.5B |
| Capital expenditure | $848M | $1.1B | $1.5B | $1.6B | $1.4B |
| Free cash flow | $6.9B | $3.6B | $7.1B | $7.6B | $6.1B |
| FCF margin | 15.6% | 6.8% | 11.6% | 14.7% | 13.4% |
| Dividends paid | $1.0B | $1.3B | $1.4B | $1.6B | $1.7B |
| Share buybacks | $2.5B | $3.6B | $7.2B | $4.0B | $1.1B |
| Share count change | −0.8% | −2.5% | −4.2% | −5.6% | −2.0% |
| Debt and strength | |||||
| Cash and short-term investments | $8.0B | $4.8B | $7.5B | $7.3B | $8.3B |
| Debt incl. finance leases | $32.9B | — | — | — | — |
| Shareholders' equity | $18.4B | $20.3B | $21.8B | $22.8B | $26.0B |
| Net debt / EBITDA | 2.5x | — | — | — | — |
| Interest coverage | 8.1x | 9.0x | 5.3x | 2.7x | 3.0x |
| Returns and quality | |||||
| Return on capital | 15.3% | — | — | — | — |
| Return on equity | 38.0% | 36.9% | 48.4% | 31.8% | 20.6% |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$55.9M
3 insiders
Of sales under plans
100%
$55.9M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Deere · DE
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Deere DE | $173.6B | −11.7% | — | 13.4% | — | 35.6x | — |
| CNH Industrial CNH | $14.0B | −8.8% | — | — | 4.6% | 45.0x | — |
| AGCO AGCO | $7.4B | −13.6% | 5.9% | 7.3% | 10.4% | 14.4x | 8 |
| Toro TTC | $10.1B | −1.6% | 9.1% | 12.8% | 15.9% | 28.1x | 6 |
| Lindsay LNN | $1.1B | −6.0% | 10.5% | 5.5% | 11.9% | — | 5 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $641.25 a share, the company is worth $173.6B: 35.6 times its earnings of the last four quarters.
Deere grew sales faster than 1 of its 4 similar companies. Its P/E is higher than 2 of 3.
Source: SEC EDGAR XBRL filings (CIK 0000315189). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.