AAPL vs DE
Apple Inc. and Deere & Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AAPL | DE |
|---|---|---|
| Revenue | $416.2B | $45.7B |
| Net income | $112.0B | $5.0B |
| Gross margin | 46.9% | · |
| Net margin | 26.9% | 10.9% |
| Return on equity | 171.4% | 20.6% |
| Diluted EPS | $7.46 | $18.50 |
| Dividend / share | $1.02 | $6.48 |
| Payout ratio | 13.8% | 34.2% |
| Free cash flow | $98.8B | $6.1B |
| Equity | $73.7B | $25.9B |
| Net debt / equity | 0.74× | 0.47× |
| Current ratio | 0.89× | · |
| Revenue CAGR 5y | 8.7% | 5.2% |
| Profit CAGR 5y | 14.3% | 12.8% |
AAPL bills 9.1× the revenue of DE, and keeps more of each dollar of revenue as profit (26.9% against 10.9%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | AAPL | DE |
|---|---|---|
| FY2025 | $416.2B | $45.7B |
| FY2024 | $391.0B | $51.7B |
| FY2023 | $383.3B | $61.3B |
| FY2022 | $394.3B | $52.6B |
| FY2021 | $365.8B | $44.0B |
| FY2020 | $274.5B | $35.5B |
| FY2019 | $260.2B | $39.3B |
| FY2018 | $265.6B | $37.4B |
| FY2017 | $229.2B | $29.7B |
| FY2016 | $215.6B | $26.6B |
Bottom line
| Fiscal year | AAPL | DE |
|---|---|---|
| FY2025 | $112.0B | $5.0B |
| FY2024 | $93.7B | $7.1B |
| FY2023 | $97.0B | $10.2B |
| FY2022 | $99.8B | $7.1B |
| FY2021 | $94.7B | $6.0B |
| FY2020 | $57.4B | $2.8B |
| FY2019 | $55.3B | $3.3B |
| FY2018 | $59.5B | $2.4B |
| FY2017 | $48.4B | $2.2B |
| FY2016 | $45.7B | $1.5B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$370,477,000,000 | AAPL |
| FY2024 | +$339,319,000,000 | AAPL |
| FY2023 | +$322,034,000,000 | AAPL |
| FY2022 | +$341,751,000,000 | AAPL |
| FY2021 | +$321,793,000,000 | AAPL |
| FY2020 | +$238,975,000,000 | AAPL |
| FY2019 | +$220,916,000,000 | AAPL |
| FY2018 | +$228,237,000,000 | AAPL |
| FY2017 | +$199,496,000,000 | AAPL |
| FY2016 | +$188,995,000,000 | AAPL |
| FY2015 | +$204,852,200,000 | AAPL |
| FY2014 | +$146,728,100,000 | AAPL |
| FY2013 | +$133,114,600,000 | AAPL |
| FY2012 | +$120,350,900,000 | AAPL |
| FY2011 | +$76,236,500,000 | AAPL |
| FY2010 | +$39,220,400,000 | AAPL |
| FY2009 | +$19,792,600,000 | AAPL |
| FY2008 | +$9,053,400,000 | AAPL |
| FY2007 | +$495,800,000 | AAPL |
AAPL has reported the higher revenue in every one of these 19 fiscal years. The gap has widened since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +16.0 pp | AAPL |
| FY2024 | +10.3 pp | AAPL |
| FY2023 | +8.7 pp | AAPL |
| FY2022 | +11.7 pp | AAPL |
| FY2021 | +12.3 pp | AAPL |
| FY2020 | +13.2 pp | AAPL |
| FY2019 | +12.9 pp | AAPL |
| FY2018 | +16.1 pp | AAPL |
| FY2017 | +13.8 pp | AAPL |
| FY2016 | +15.5 pp | AAPL |
| FY2015 | +16.1 pp | AAPL |
| FY2014 | +12.8 pp | AAPL |
| FY2013 | +12.3 pp | AAPL |
| FY2012 | +18.2 pp | AAPL |
| FY2011 | +15.2 pp | AAPL |
| FY2010 | +14.3 pp | AAPL |
| FY2009 | +15.4 pp | AAPL |
| FY2008 | +9.1 pp | AAPL |
| FY2007 | +6.7 pp | AAPL |
AAPL has kept the higher net margin in every one of these 19 fiscal years.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
AAPL's net margin has been more volatile than DE's over the 19 comparable fiscal years — 3.2 percentage points of standard deviation against 3.2.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
AAPL led in net margin in every one of the 19 comparable fiscal years — a structural lead, not a recent swing.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
AAPL's return on equity has been more volatile than DE's over the 19 comparable fiscal years — 55.8 percentage points of standard deviation against 8.8.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between AAPL and DE over these 19 fiscal years — AAPL led in 15 and DE in 4.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.