DE vs SMCI
Deere & Co. and Super Micro Computer, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | DE | SMCI |
|---|---|---|
| Revenue | $45.7B | $39.1B |
| Net income | $5.0B | $2.2B |
| Gross margin | · | 10.8% |
| Net margin | 10.9% | 5.7% |
| Return on equity | 20.6% | 21.5% |
| Diluted EPS | $18.50 | $3.26 |
| Dividend / share | $6.48 | · |
| Payout ratio | 34.2% | · |
| Free cash flow | $6.1B | $-7.0B |
| Equity | $25.9B | $14.5B |
| Net debt / equity | 0.47× | · |
| Current ratio | · | 3.87× |
| Revenue CAGR 5y | 5.2% | 61.5% |
| Profit CAGR 5y | 12.8% | 81.9% |
DE bills 1.2× the revenue of SMCI, and keeps more of each dollar of revenue as profit (10.9% against 5.7%).
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 | DE | SMCI |
|---|---|---|
| FY2025 | $45.7B | $39.1B |
| FY2024 | $51.7B | $22.0B |
| FY2023 | $61.3B | $15.0B |
| FY2022 | $52.6B | $7.1B |
| FY2021 | $44.0B | $5.2B |
| FY2020 | $35.5B | $3.6B |
| FY2019 | $39.3B | $3.3B |
| FY2018 | $37.4B | $3.5B |
| FY2017 | $29.7B | $3.4B |
| FY2016 | $26.6B | $2.5B |
Bottom line
| Fiscal year | DE | SMCI |
|---|---|---|
| FY2025 | $5.0B | $2.2B |
| FY2024 | $7.1B | $1.0B |
| FY2023 | $10.2B | $1.2B |
| FY2022 | $7.1B | $640.0M |
| FY2021 | $6.0B | $285.2M |
| FY2020 | $2.8B | $111.9M |
| FY2019 | $3.3B | $84.3M |
| FY2018 | $2.4B | $71.9M |
| FY2017 | $2.2B | $46.2M |
| FY2016 | $1.5B | $66.9M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$6,620,928,000 | DE |
| FY2024 | +$29,743,958,000 | DE |
| FY2023 | +$46,261,749,000 | DE |
| FY2022 | +$45,453,518,000 | DE |
| FY2021 | +$38,827,901,000 | DE |
| FY2020 | +$31,982,578,000 | DE |
| FY2019 | +$35,918,719,000 | DE |
| FY2018 | +$33,857,640,000 | DE |
| FY2017 | +$26,377,508,000 | DE |
| FY2016 | +$24,159,071,000 | DE |
| FY2015 | +$26,637,778,000 | DE |
| FY2014 | +$34,112,547,000 | DE |
| FY2013 | +$36,328,198,000 | DE |
| FY2012 | +$34,994,539,000 | DE |
| FY2011 | +$30,998,626,000 | DE |
| FY2010 | +$25,062,018,000 | DE |
| FY2009 | +$22,390,962,000 | DE |
DE has reported the higher revenue in every one of these 17 fiscal years. The gap has narrowed since the earliest year compared.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +5.2 pp | DE |
| FY2024 | +8.9 pp | DE |
| FY2023 | +8.9 pp | DE |
| FY2022 | +4.6 pp | DE |
| FY2021 | +8.1 pp | DE |
| FY2020 | +4.6 pp | DE |
| FY2019 | +5.8 pp | DE |
| FY2018 | +4.3 pp | DE |
| FY2017 | +5.9 pp | DE |
| FY2016 | +3.0 pp | DE |
| FY2015 | +3.5 pp | DE |
| FY2014 | +4.0 pp | DE |
| FY2013 | +5.7 pp | DE |
| FY2012 | +6.7 pp | DE |
| FY2011 | +5.8 pp | DE |
| FY2010 | +2.9 pp | DE |
| FY2009 | +0.0 pp | DE |
DE has kept the higher net margin in every one of these 17 fiscal years.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
DE's net margin has been more volatile than SMCI's over the 17 comparable fiscal years — 3.3 percentage points of standard deviation against 2.0.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
DE led in net margin in every one of the 17 comparable fiscal years — a structural lead, not a recent swing.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
DE's return on equity has been more volatile than SMCI's over the 17 comparable fiscal years — 9.2 percentage points of standard deviation against 8.6.
17 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 DE and SMCI over these 17 fiscal years — DE led in 15 and SMCI in 2.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.