DE · Deere & Co - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.61B | - | $12.02B | $12.76B | $8.51B | - | $13.15B | $15.23B | $12.19B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | $554.00M | - | $556.00M | $549.00M | $526.00M | - | $567.00M | $565.00M | $533.00M | - |
| SG&A | $972.00M | - | $1.22B | $1.20B | $972.00M | - | $1.28B | $1.26B | $1.07B | - |
| Total Operating Expenses | $8.78B | - | $10.42B | $10.43B | $7.61B | - | $10.80B | $12.12B | $9.97B | - |
| D&A | $590.00M | - | - | - | $549.00M | - | - | - | $520.00M | - |
| Operating Income | $836.00M | - | $1.60B | $2.34B | $895.00M | - | $2.35B | $3.12B | $2.21B | - |
| Interest Expense | $719.00M | - | $794.00M | $784.00M | $829.00M | - | $840.00M | $836.00M | $802.00M | - |
| Income Tax | $196.00M | - | $339.00M | $539.00M | $27.00M | - | $625.00M | $751.00M | $469.00M | - |
| Net Income | $656.00M | - | $1.29B | $1.80B | $869.00M | - | $1.73B | $2.37B | $1.75B | - |
| EPS - Basic | $2.43 | - | $4.76 | $6.65 | $3.20 | - | $6.32 | $8.56 | $6.25 | - |
| EPS - Diluted | $2.42 | - | $4.75 | $6.64 | $3.19 | - | $6.29 | $8.53 | $6.23 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $6.80B | $8.28B | $8.58B | $7.99B | $6.60B | $7.32B | $7.00B | $5.55B | $5.14B | $7.46B |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $8.29B | $7.41B | $7.71B | $7.87B | $7.74B | $7.09B | $7.70B | $8.44B | $8.94B | $8.16B |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $103.44B | $106.00B | $107.82B | $106.30B | $103.12B | $107.32B | $107.84B | $105.63B | $101.37B | $104.09B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $77.08B | $79.99B | $82.55B | $81.92B | $80.56B | $84.39B | $84.69B | $82.84B | $79.19B | $82.20B |
| Stockholders' Equity | $26.30B | $25.95B | $25.18B | $24.29B | $22.48B | $22.84B | $23.06B | $22.68B | $22.07B | $21.79B |
| Retained Earnings | $59.90B | $59.68B | $59.02B | $58.19B | $56.83B | $56.40B | $55.56B | $54.23B | $52.27B | $50.93B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($890.00M) | - | - | - | ($1.13B) | - | - | - | ($908.00M) | - |
| Investing Cash Flow | $1.82B | - | - | - | $1.42B | - | - | - | $1.22B | - |
| Financing Cash Flow | ($2.49B) | - | - | - | ($923.00M) | - | - | - | ($2.65B) | - |
| CapEx | $256.00M | - | - | - | $352.00M | - | - | - | $362.00M | - |
| Free Cash Flow | ($1.15B) | - | - | - | ($1.48B) | - | - | - | ($1.27B) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 8.7% | - | 13.3% | 18.3% | 10.5% | - | 17.9% | 20.5% | 18.2% | - |
| EBITDA margin | 14.8% | - | - | - | 17.0% | - | - | - | 22.4% | - |
| Net margin | 6.8% | - | 10.7% | 14.1% | 10.2% | - | 13.2% | 15.6% | 14.4% | - |
| Free cash flow margin | -11.9% | - | - | - | -17.4% | - | - | - | -10.4% | - |
| FCF / Net income | -1.75 | - | - | - | -1.71 | - | - | - | -0.73 | - |
| R&D / Revenue | 5.8% | - | 4.6% | 4.3% | 6.2% | - | 4.3% | 3.7% | 4.4% | - |
| SG&A / Revenue | 10.1% | - | 10.1% | 9.4% | 11.4% | - | 9.7% | 8.3% | 8.7% | - |
| Effective tax rate | 23.0% | - | 20.8% | 23.0% | 3.0% | - | 26.5% | 24.1% | 21.1% | - |
| Return on assets | 0.6% | - | 1.2% | 1.7% | 0.8% | - | 1.6% | 2.2% | 1.7% | - |
| Return on equity | 2.5% | - | 5.1% | 7.4% | 3.9% | - | 7.5% | 10.4% | 7.9% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 1.2x | - | 2.0x | 3.0x | 1.1x | - | 2.8x | 3.7x | 2.8x | - |
| Equity multiplier | 3.93 | 4.08 | 4.28 | 4.38 | 4.59 | 4.70 | 4.68 | 4.66 | 4.59 | 4.78 |
| Liabilities / Assets | 0.75 | 0.75 | 0.77 | 0.77 | 0.78 | 0.79 | 0.79 | 0.78 | 0.78 | 0.79 |
| Efficiency | ||||||||||
| Asset turnover | 0.09 | - | 0.11 | 0.12 | 0.08 | - | 0.12 | 0.14 | 0.12 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 218.2x | - | 108.9x | 69.2x | 150.1x | - | 61.5x | 46.1x | 63.2x | - |
| P / B | 5.4x | - | 5.6x | 5.1x | 5.8x | - | 4.6x | 4.8x | 5.0x | - |
| P / S | 14.9x | - | 11.7x | 9.8x | 15.3x | - | 8.1x | 7.2x | 9.1x | - |
| EV / EBITDA | 95.5x | - | - | - | 85.7x | - | - | - | 38.6x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 13.0% | - | -8.6% | -16.2% | -30.2% | - | -16.8% | -12.4% | -3.7% | - |
| Revenue CAGR (3y) | -8.8% | - | -5.2% | -1.5% | -3.8% | - | 4.5% | 8.1% | 10.2% | - |
| Revenue CAGR (5y) | 1.1% | - | 6.1% | 6.6% | 2.2% | - | 5.6% | 6.1% | 8.8% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -6.6% | - | -32.1% | -25.0% | -59.6% | - | -33.0% | -20.0% | -12.0% | - |
| Net income growth (YoY) | -24.5% | - | -25.7% | -23.9% | -50.4% | - | -41.8% | -17.1% | -10.6% | - |
| EPS growth (YoY) | -24.1% | - | -24.5% | -22.2% | -48.8% | - | -38.3% | -11.6% | -4.9% | - |
| EPS CAGR (3y) | -28.2% | - | -8.3% | -0.8% | 3.0% | - | 5.7% | 14.5% | 17.2% | - |
| EPS CAGR (5y) | -9.0% | - | 13.1% | 25.8% | 14.4% | - | 17.5% | 19.4% | 32.2% | - |
| FCF growth (YoY) | 22.8% | - | - | - | -16.9% | - | - | - | 18.6% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 17.0% | 13.6% | 9.2% | 7.1% | 1.8% | 4.8% | 0.1% | 1.3% | 3.5% | 7.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-11-02.
Business segments
$46.15B totalProduction And Precision Agriculture Segment$17.75B · 38.5%
Construction And Forestry Segment$11.65B · 25.2%
Small Agriculture And Turf Segment$10.46B · 22.7%
Financial Services Segment$6.29B · 13.6%
Product / service
$83.76B totalProduct$38.92B · 46.5%
Production Agriculture$16.96B · 20.2%
Small Agriculture$7.21B · 8.6%
Financial Service$5.75B · 6.9%
Construction Equipment$4.57B · 5.5%
Roadbuilding$3.55B · 4.2%
Turf$2.73B · 3.3%
Compact Construction Equipment$1.92B · 2.3%
Forestry$1.12B · 1.3%
Other$1.02B · 1.2%
Geographic
$17.75B totalUS$7.75B · 43.7%
Latin America$4.02B · 22.7%
Western Europe$2.07B · 11.7%
CA$1.74B · 9.8%
Asia Africa Oceania And Middle East$1.34B · 7.5%
Central Europe And Commonwealth Of Independent States$832.00M · 4.7%
Peer comparison
Same SIC group: Farm Machinery & Equipment
Comparing DEERE & CO against the 5 most active filers in the same SIC group.
Dividends
$6.48/share trailing 12 months · +4.9% YoY
| Ex-date | Per share |
|---|---|
| Mar 31, 2026 | $1.6200 |
| Dec 31, 2025 | $1.6200 |
| Sep 30, 2025 | $1.6200 |
| Jun 30, 2025 | $1.6200 |
| Mar 31, 2025 | $1.6200 |
| Dec 31, 2024 | $1.6200 |
| Sep 30, 2024 | $1.4700 |
| Jun 28, 2024 | $1.4700 |
| Mar 27, 2024 | $1.4700 |
| Dec 28, 2023 | $1.4700 |
| Sep 28, 2023 | $1.3500 |
| Jun 29, 2023 | $1.2500 |
| Mar 30, 2023 | $1.2500 |
| Dec 29, 2022 | $1.2000 |
| Sep 29, 2022 | $1.1300 |
| Jun 29, 2022 | $1.1300 |
| Mar 30, 2022 | $1.0500 |
| Dec 30, 2021 | $1.0500 |
| Sep 29, 2021 | $1.0500 |
| Jun 29, 2021 | $0.9000 |
| Mar 30, 2021 | $0.9000 |
| Dec 30, 2020 | $0.7600 |
| Sep 29, 2020 | $0.7600 |
| Jun 29, 2020 | $0.7600 |