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Financials · DE

Deere & Company (DE) financials

For the twelve months ended Aug 2, 2026, Deere & Company reported $47.98B of revenue and $4.87B of net income.

Revenue, TTM
$47.98B
Revenue growth, YoY
+8.0%
Net income, TTM
$4.87B
Net income growth, YoY
-6.4%
Net margin
10.2%
Free cash flow, TTM
$6.02B
EPS, diluted, TTM
$17.99
EPS growth, YoY
-6.1%
Cash
$8.93B
P/E
37.16
P/S
3.77
Market cap
$181.09B
Annual revenue$45.68B
FY2016FY2025
Annual net income$5.03B
FY2016FY2025
Annual free cash flow$6.10B
FY2016FY2025

DE revenue and earnings growth

DE revenueQ3 2026$12.61B

Quarter YoY
+4.9%
QoQ
-5.7%
FY YoY
-11.7%
5Y CAGR
+5.2%
10Y CAGR
+4.7%

DE revenue was $12.61B in fiscal Q3 2026 (ended Aug 2, 2026), up 4.9% from a year earlier and down 5.7% from the prior quarter. For the full fiscal 2025 it was $45.68B, down 11.7% from fiscal 2024. Compound annual growth was +5.2% over 5 years and +4.7% over 10 years. It rose in 6 of the last 10 fiscal years.

DE net incomeQ3 2026$1.38B

Quarter YoY
+7.0%
QoQ
-22.2%
FY YoY
-29.2%
5Y CAGR
+12.8%
10Y CAGR
+10.0%

DE net income was $1.38B in fiscal Q3 2026 (ended Aug 2, 2026), up 7.0% from a year earlier and down 22.2% from the prior quarter. For the full fiscal 2025 it was $5.03B, down 29.2% from fiscal 2024. Compound annual growth was +12.8% over 5 years and +10.0% over 10 years. It rose in 6 of the last 10 fiscal years.

DE EPSQ3 2026$5.10

Quarter YoY
+7.4%
QoQ
-22.1%
FY YoY
-27.8%
5Y CAGR
+16.3%
10Y CAGR
+12.4%

DE diluted EPS was $5.10 in fiscal Q3 2026 (ended Aug 2, 2026), up 7.4% from a year earlier and down 22.1% from the prior quarter. For the full fiscal 2025 it was $18.50, down 27.8% from fiscal 2024. Compound annual growth was +16.3% over 5 years and +12.4% over 10 years.

DE free cash flowQ3 2026$1.94B

Quarter YoY
-25.2%
QoQ
+11.9%
FY YoY
-19.7%
5Y CAGR
-1.8%
10Y CAGR
+7.1%

DE free cash flow was $1.94B in fiscal Q3 2026 (ended Aug 2, 2026), down 25.2% from a year earlier and up 11.9% from the prior quarter. For the full fiscal 2025 it was $6.10B, down 19.7% from fiscal 2024. Compound annual growth was -1.8% over 5 years and +7.1% over 10 years. It rose in 6 of the last 10 fiscal years.

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Income statement

Income statement
Line item
FY2025
Nov 2, 2025
FY2024
Oct 27, 2024
FY2023
Oct 29, 2023
FY2022
Oct 30, 2022
FY2021
Oct 31, 2021
FY2020
Nov 1, 2020
FY2019
Nov 3, 2019
FY2018
Oct 28, 2018
FY2017
Oct 29, 2017
FY2016
Oct 31, 2016
Revenue$45.68B$51.72B$61.25B$52.58B$44.02B$35.54B$39.26B$37.36B$29.74B$26.64B
Cost of revenue--------$19.93B$18.25B
Gross profit--------$9.80B$8.40B
Research and development$2.31B$2.29B$2.18B$1.91B$1.59B$1.64B$1.78B$1.66B$1.37B$1.39B
Selling, general and admin$4.66B$4.84B$4.59B$3.86B$3.38B$3.48B$3.55B$3.46B$3.10B$2.76B
Operating income-$9.04B$12.96B$9.51B$8.01B$4.30B$4.42B$4.48B$3.57B$2.59B
Interest expense$3.17B$3.35B$2.45B$1.06B$993.00M$1.25B$1.47B$1.20B$899.00M$763.70M
Pre-tax income$6.26B$9.21B$13.02B$9.13B$7.60B$3.88B$4.09B$4.07B$3.15B$2.22B
Income tax$1.26B$2.09B$2.87B$2.01B$1.66B$1.08B$852.00M$1.73B$971.00M$700.10M
Net income$5.03B$7.10B$10.17B$7.13B$5.96B$2.75B$3.25B$2.37B$2.16B$1.52B
EPS, basic$18.55$25.73$34.80$23.42$19.14$8.77$10.28$7.34$6.76$4.83
EPS, diluted$18.50$25.62$34.63$23.28$18.99$8.69$10.15$7.24$6.68$4.81
Diluted shares271.7M277.1M293.6M306.3M314.0M316.6M320.6M327.3M323.3M316.6M

Balance sheet

Balance sheet
Line item
FY2025
Nov 2, 2025
FY2024
Oct 27, 2024
FY2023
Oct 29, 2023
FY2022
Oct 30, 2022
FY2021
Oct 31, 2021
FY2020
Nov 1, 2020
FY2019
Nov 3, 2019
FY2018
Oct 28, 2018
FY2017
Oct 29, 2017
FY2016
Oct 31, 2016
Cash and equivalents$8.28B$7.63B$7.46B$4.94B$8.13B$7.17B$3.96B$4.01B$9.47B$4.34B
Inventory$7.41B$7.09B$8.16B$8.49B$6.78B$5.00B$5.97B$6.15B$3.90B$3.34B
Goodwill$4.19B$3.96B$3.90B$3.69B$3.29B$3.08B$2.92B$3.10B$1.03B$815.70M
Total assets$106.00B$107.32B$104.09B$90.03B$84.11B$75.09B$73.01B$70.11B$65.79B$57.98B
Short-term debt$13.80B$13.53B$17.94B$12.59B$10.92B$8.58B----
Long-term debt----$32.89B$32.73B$30.23B$27.24B$25.89B$23.70B
Total debt----$43.81B$41.32B$30.23B$27.24B$25.89B$23.70B
Total liabilities$79.99B$84.39B$82.20B$69.67B$65.68B$62.15B$61.58B$58.80B$56.21B$51.44B
Shareholders' equity$25.95B$22.84B$21.79B$20.27B$18.43B$12.94B$11.42B$11.29B$9.56B$6.52B

Cash flow

Cash flow
Line item
FY2025
Nov 2, 2025
FY2024
Oct 27, 2024
FY2023
Oct 29, 2023
FY2022
Oct 30, 2022
FY2021
Oct 31, 2021
FY2020
Nov 1, 2020
FY2019
Nov 3, 2019
FY2018
Oct 28, 2018
FY2017
Oct 29, 2017
FY2016
Oct 31, 2016
Operating cash flow$7.46B$9.23B$8.59B$4.70B$7.73B$7.48B$3.41B$1.82B$2.20B$3.76B
Capital expenditures$1.36B$1.64B$1.50B$1.13B$848.00M$820.00M$1.12B$896.00M$595.00M$644.40M
Free cash flow$6.10B$7.59B$7.09B$3.56B$6.88B$6.66B$2.29B$926.00M$1.60B$3.12B
Investing cash flow-$2.06B-$6.46B-$8.75B-$8.48B-$5.75B-$3.32B-$3.92B-$8.18B-$1.66B-$1.18B
Financing cash flow-$4.58B-$2.72B$2.81B$826.00M-$1.08B-$980.00M$509.00M$876.00M$4.29B-$2.40B
Dividends paid$1.72B$1.60B$1.43B$1.31B$1.04B$956.00M$943.00M$806.00M$764.00M$761.30M
Share repurchases$1.14B$4.01B$7.22B$3.60B$2.54B$750.00M$1.25B$958.00M$6.00M$205.40M
Stock-based compensation$151.00M$208.00M$130.00M$85.00M$82.00M$81.00M$82.00M$84.00M$68.00M$70.60M
Depreciation and amortization$2.23B$2.12B$2.00B$1.90B$2.05B$2.12B$2.02B$1.93B$1.72B$1.56B

Key ratios

Key ratios
Line item
FY2025
Nov 2, 2025
FY2024
Oct 27, 2024
FY2023
Oct 29, 2023
FY2022
Oct 30, 2022
FY2021
Oct 31, 2021
FY2020
Nov 1, 2020
FY2019
Nov 3, 2019
FY2018
Oct 28, 2018
FY2017
Oct 29, 2017
FY2016
Oct 31, 2016
Revenue growth, YoY-11.7%-15.6%16.5%19.4%23.9%-9.5%5.1%25.6%11.6%-7.7%
Net income growth, YoY-29.2%-30.2%42.6%19.6%116.8%-15.4%37.4%9.7%41.7%-21.4%
EPS growth, YoY-27.8%-26.0%48.8%22.6%118.5%-14.4%40.2%8.4%38.9%-16.6%
Gross margin--------33.0%31.5%
Operating margin-17.5%21.2%18.1%18.2%12.1%11.2%12.0%12.0%9.7%
Net margin11.0%13.7%16.6%13.6%13.5%7.7%8.3%6.3%7.3%5.7%
Free cash flow margin13.4%14.7%11.6%6.8%15.6%18.7%5.8%2.5%5.4%11.7%
Return on equity19.4%31.1%46.7%35.2%32.3%21.3%28.5%21.0%22.6%23.4%
Return on assets4.7%6.6%9.8%7.9%7.1%3.7%4.5%3.4%3.3%2.6%
Debt to equity----2.383.192.652.412.713.64

Source: XBRL data Deere & Company files with the SEC, latest filing dated Aug 27, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

DE peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
DE$47.98B+8.0%$4.87B10.2%$181.09B
ASML€32.67B+15.6%€9.61B29.4%$549.12B
TMO$47.35B+8.3%$7.07B14.9%$257.42B
LRCX$26.13B+33.4%$8.45B32.3%$250.38B
DHR$25.61B+5.5%$4.33B16.9%$161.98B
ETN$31.98B+20.1%$3.90B12.2%$132.76B
JCI$24.43B+5.1%$3.53B14.5%$81.79B
ITW$16.65B+4.8%$3.23B19.4%$79.84B
NOC$43.59B+6.5%$4.52B10.4%$74.58B

DE FAQ

8 questions
  • What is DE revenue?
    Deere & Company (DE) reported $47.98B of revenue for the twelve months ended Aug 2, 2026. That is up 8.0% from the year before. Revenue for fiscal 2025 was $45.68B.
  • Is DE profitable?
    Yes. Deere & Company earned $4.87B in net income for the twelve months ended Aug 2, 2026, a net margin of 10.2%.
  • How much cash and debt does DE have?
    Deere & Company reported $8.93B in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is DE revenue growing?
    Deere & Company's revenue changed -11.7% in fiscal 2025, to $45.68B. Its compound annual growth rate was +5.2% over 5 years and +4.7% over 10 years.
  • What is DE free cash flow?
    Deere & Company generated $6.02B of free cash flow for the twelve months ended Aug 2, 2026, which is operating cash flow of $7.25B less capital expenditures.
  • What is DE earnings per share?
    Diluted earnings per share were $17.99 for the twelve months ended Aug 2, 2026, from SEC filings, restated for any stock split those filings show.
  • When did DE last report financial results?
    The latest statements here come from Deere & Company's 10-Q filed on Aug 27, 2026, covering the period ended Aug 2, 2026.
  • Where does this DE financial data come from?
    Quantisnow builds these statements from the structured XBRL data Deere & Company files with the SEC. It is provided for information only and is not investment advice.