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MARKETS / NYSE / Industrials / Machinery and equipment / DE
NYSE · FARM MACHINERY & EQUIPMENT · LARGE CAP

Deere & Co. DE

19 fiscal years on record · USD · FY2025 reported · SEC filings only
5 YEARS OF DIVIDEND GROWTH
$45.7B
▼ 11.7% YoY
$5.0B
▼ 29.2% YoY
$6.1B
▼ 19.7% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

John Deere manufactures agricultural equipment. At November 2, 2025, it had approximately 73,100 employees, of which approximately 32,500 were full-time production employees. The business is managed through four segments: Production & Precision Agriculture, Small Agriculture & Turf, Construction & Forestry, and Financial Services. Its construction products include excavators, motor graders, crawler dozers and loaders, wheel loaders, backhoes, and articulated dump trucks. The financial services segment provides and administers financing for retail purchases from its dealers of new equipment manufactured by the equipment operations, as well as used equipment taken in trade for that equipment. Deere & Company was incorporated under the laws of Delaware in 1958.

Written from the business description in DEERE & CO's annual report to the U.S. Securities and Exchange Commission, filed 18 December 2025. Every sentence was checked against that document before publication.

Growth

USD 45.7B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 45.7 · Net income 5.0
25.0B50.0B
2007201020132016201920222025
Compound annual growth
−4.6%
+5.2%
+4.7%
+3.8%
−11.0%
+12.8%
+10.0%
+6.8%
−7.4%
+16.3%
+12.4%
+10.1%
+14.1%
+16.3%
+10.4%
+12.2%
−16.5%
+10.9%
−2.2%
+9.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +5.2% a year over the five years to FY2025 — but profit grew faster: net income at +12.8%, earnings per share at +16.3%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

11 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating · · Net 10.9%
10%20%
200720162025
ROE
FY2025 · ROE 20.6%
20%40%
200720162025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.
Gross margin·
Operating margin·
Net margin10.9%
EBITDA·

Each USD of equity produced 21 cents of profit this year.

Cash & shareholders

USD 2.9B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 6.1
3B6B
200720162025
Net buybacks $B Dividends $B
FY2025 · Dividends 1.7 · Net buybacks 1.1
4B8BDividendsNet buybacks
2007201020132016201920222025
Dividends paidUSD 1.7B
Net buybacksUSD 1.1B
Share of profit56.9%
Consecutive raises5 years

USD 1.7B in dividends and USD 1.1B in buybacks — 57% of the year's profit went back to shareholders.

Total assetsUSD 106.0B
EquityUSD 25.9B
CashUSD 8.3B
Gross debtUSD 20.4B
Net debtUSD 12.1B

Net debt stands at 47% of equity.

The 19-year record

19 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
DE, 19-year financial record
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B45.751.761.352.644.035.539.337.429.726.628.936.137.836.232.026.023.128.424.1
Operating income $B◌9.013.09.58.04.34.44.53.62.63.15.25.95.14.63.41.63.4◌
EBITDA $B◌11.215.011.410.16.46.46.45.34.24.56.57.16.15.54.32.54.3◌
Income tax $B1.32.12.92.01.71.10.91.71.00.70.81.61.91.71.41.20.51.10.9
Net income $B5.07.110.27.16.02.83.32.42.21.51.93.23.53.12.81.90.92.11.8
Free cash flow $B6.17.67.13.66.96.72.30.91.63.13.12.52.1−0.21.31.51.10.81.7
EPS, diluted $18.5025.6234.6323.2818.998.6910.157.246.684.815.778.639.097.636.634.352.064.704.00
Dividend / sh $6.485.885.054.363.613.043.042.582.402.402.402.221.991.791.521.161.121.060.91
Payout %34231418173529343550422521232126542221
ROE %20.631.848.436.938.022.628.722.726.923.024.532.741.444.942.833.615.430.025.5
Shares out B0.270.270.28◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

This company against its peers

Deere & Co.vsApple Inc.Same industry: Farm Machinery & EquipmentDeere & Co.vsDell Technologies Inc.Same industry: Farm Machinery & EquipmentDeere & Co.vsCaterpillar Inc.Same industry: Farm Machinery & EquipmentDeere & Co.vsInternational Business Machines Corp.Same industry: Farm Machinery & EquipmentDeere & Co.vsCisco Systems, Inc.Same industry: Farm Machinery & EquipmentDeere & Co.vsHP Inc.Same industry: Farm Machinery & EquipmentDeere & Co.vsSuper Micro Computer, Inc.Same industry: Farm Machinery & Equipment
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Provenance

Company facts, as filed

How we verify · 0 failures in 56 reconciliationsAUDITED

Reconciled in 19 of the 19 fiscal years we could check. One check was skipped: the balance sheet is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityFarm Machinery & Equipment
Listed onNYSE
Incorporated inDelaware
Fiscal year endsNovember 1
Data on record since2007

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