What is Deere & Co's earnings per share (EPS)?

Deere & Co (DE) reported diluted earnings per share of $18.50 for fiscal year 2025. This represents a -27.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Deere & Co Financials

Trailing 12 months to August 2, 2026

Revenue $46.9B +5.5% YoY

Net Income $5.1B -2.3% YoY

EPS (Diluted) $18.00 -6.1% YoY

Free Cash Flow $6.0B -15.3% YoY

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Aug 2, 2026 Reported Aug 27, 2026 Currency USD FYE November

Deere & Co (DE) reported $46.9B in revenue over the twelve months to Aug 2, 2026, up 5.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI DE FY2025 2026-08-27

Deere’s cyclical earnings reset has reduced returns, but cash generation remains positive while leverage moderates through distributions.

The FY2025 earnings decline did not translate proportionally into cash: free cash flow was 1.2x net income even as 11.0% net profitability weakened. That cash conversion remained functional because FCF margin was 13.4% in FY2025 versus 14.7% in FY2024, a modest deterioration relative to the earnings reset.

Revenue fell from $61.3B in FY2023 to $45.7B in FY2025, showing a substantial volume reset rather than a minor interruption. Net margin compressed from 16.6% to 11.0%, so the contraction reached profitability more sharply than the top line alone suggests.

The balance-sheet posture became less levered by the reported ratio: debt-to-equity declined from 3.8x in FY2023 to 3.1x in FY2025 despite weaker earnings. FY2025 free cash flow of $6.1B supported capital returns of roughly $2.9B through dividends and buybacks, linking cash generation to financing activity.

Financial Health Signals

Financial Health Score 32/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Deere & Co's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Growth

Deere & Co's revenue declined 11.7% year-over-year, from $51.7B to $45.7B. This contraction results in a growth score of 8/100.

Leverage

Deere & Co has elevated debt relative to equity (D/E of 3.08), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 20/100, reflecting increased financial risk.

Liquidity

Not available for Deere & Co, and counted as zero in the overall score.

Cash Flow

Deere & Co converts 13.4% of revenue into free cash flow ($6.1B). This strong cash generation earns a score of 76/100.

Returns

Not available for Deere & Co, and counted as zero in the overall score.

Piotroski F-Score Partial

4/6

Deere & Co passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.48x

For every $1 of reported earnings, Deere & Co generates $1.48 in operating cash flow ($7.5B OCF vs $5.0B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$45.7B

YoY-11.7%

5Y CAGR+5.2%

10Y CAGR+4.7%

Deere & Co generated $45.7B in revenue in fiscal year 2025. This represents a decrease of 11.7% from the prior year.

Net Income

$5.0B

YoY-29.2%

5Y CAGR+12.8%

10Y CAGR+10.0%

Deere & Co reported $5.0B in net income in fiscal year 2025. This represents a decrease of 29.2% from the prior year.

EPS (Diluted)

$18.50

YoY-27.8%

5Y CAGR+16.3%

10Y CAGR+12.4%

Deere & Co earned $18.50 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 27.8% from the prior year.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

$6.1B

YoY-19.7%

5Y CAGR-1.8%

10Y CAGR+7.1%

Deere & Co generated $6.1B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 19.7% from the prior year.

Cash & Debt

$8.3B

YoY+13.0%

5Y CAGR+3.2%

10Y CAGR+7.1%

Deere & Co held $8.3B in cash as of fiscal year 2025; long-term debt is not reported for that period.

Dividends Per Share

$6.48

YoY+10.2%

5Y CAGR+16.3%

10Y CAGR+10.4%

Deere & Co paid $6.48 per share in dividends in fiscal year 2025. This represents an increase of 10.2% from the prior year.

Shares Outstanding

270M

YoY-0.4%

5Y CAGR-2.9%

10Y CAGR-1.6%

Deere & Co had 270M shares outstanding in fiscal year 2025. This represents a decrease of 0.4% from the prior year.

Margins & Returns

Net Margin

11.0%

YoY-2.7pp

5Y CAGR+3.3pp

10Y CAGR+4.3pp

Deere & Co's net profit margin was 11.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.7 percentage points from the prior year.

Return on Equity

19.4%

YoY-11.7pp

5Y CAGR-1.9pp

10Y CAGR-9.4pp

Deere & Co's ROE was 19.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 11.7 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

R&D Spending

$2.3B

YoY+0.9%

5Y CAGR+7.0%

10Y CAGR+5.0%

Deere & Co invested $2.3B in research and development in fiscal year 2025. This represents an increase of 0.9% from the prior year.

Share Buybacks

$1.1B

YoY-71.6%

5Y CAGR+8.7%

10Y CAGR-8.5%

Deere & Co spent $1.1B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 71.6% from the prior year.

Capital Expenditures

$1.4B

YoY-17.1%

5Y CAGR+10.6%

10Y CAGR+7.0%

Deere & Co invested $1.4B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 17.1% from the prior year.

DE Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

DE quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$46.9B	$45.7B-11.7%	$51.7B-15.6%	$61.3B+16.5%	$52.6B+19.4%	$44.0B+23.9%	$35.5B-9.5%	$39.3B+5.1%	$37.4B+25.6%	$29.7B+11.6%	$26.6B-7.7%	$28.9B-20.0%	$36.1B-4.6%	$37.8B+4.5%	$36.2B+12.9%	$32.0B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$19.9B+9.2%	$18.2B-9.4%	$20.1B-18.7%	$24.8B-3.5%	$25.7B+2.6%	$25.0B+14.1%	$21.9B
R&D Expenses	$2.4B	$2.3B+0.9%	$2.3B+5.2%	$2.2B+13.9%	$1.9B+20.5%	$1.6B-3.5%	$1.6B-7.8%	$1.8B+7.5%	$1.7B+20.8%	$1.4B-1.2%	$1.4B-2.5%	$1.4B-1.9%	$1.5B-1.7%	$1.5B+3.0%	$1.4B+16.9%	$1.2B
SG&A Expenses	$4.7B	$4.7B-3.7%	$4.8B+5.3%	$4.6B+18.9%	$3.9B+14.2%	$3.4B-2.7%	$3.5B-2.1%	$3.6B+2.8%	$3.5B+11.5%	$3.1B+12.1%	$2.8B-3.8%	$2.9B-12.5%	$3.3B-8.9%	$3.6B+5.5%	$3.4B+7.8%	$3.2B
Operating Income	N/A	N/A	$9.0B-30.2%	$13.0B+36.3%	$9.5B+18.7%	$8.0B+86.1%	$4.3B-2.5%	$4.4B-1.4%	$4.5B+25.2%	$3.6B+38.0%	$2.6B-17.5%	$3.1B-39.8%	$5.2B-12.0%	$5.9B+16.0%	$5.1B+11.9%	$4.6B
Interest Expense	$3.0B	$3.2B-5.3%	$3.3B+36.5%	$2.5B+131.0%	$1.1B+6.9%	$993.0M-20.4%	$1.2B-14.9%	$1.5B+21.8%	$1.2B+33.9%	$899.0M+17.7%	$763.7M+12.3%	$680.0M+2.4%	$664.0M-10.4%	$741.3M-5.3%	$782.8M+3.1%	$759.4M
Income Tax	$1.4B	$1.3B-39.9%	$2.1B-27.1%	$2.9B+43.0%	$2.0B+21.0%	$1.7B+53.2%	$1.1B+27.0%	$852.0M-50.7%	$1.7B+77.9%	$971.0M+38.7%	$700.1M-16.7%	$840.1M-48.3%	$1.6B-16.4%	$1.9B+17.3%	$1.7B+16.6%	$1.4B
Net Income	$5.1B	$5.0B-29.2%	$7.1B-30.2%	$10.2B+42.6%	$7.1B+19.6%	$6.0B+116.8%	$2.8B-15.4%	$3.3B+37.4%	$2.4B+9.7%	$2.2B+41.7%	$1.5B-21.4%	$1.9B-38.6%	$3.2B-10.6%	$3.5B+15.4%	$3.1B+9.5%	$2.8B
EPS (Diluted)	$18.00	$18.50-27.8%	$25.62-26.0%	$34.63+48.8%	$23.28+22.6%	$18.99+118.5%	$8.69-14.4%	$10.15+40.2%	$7.24+8.4%	$6.68+38.9%	$4.81-16.6%	$5.77-33.1%	$8.63-5.1%	$9.09+19.1%	$7.63+15.1%	$6.63

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$12.6B-5.7%	$13.4B+39.1%	$9.6B-14.9%	$11.3B-6.0%	$12.0B-5.8%	$12.8B+50.0%	$8.5B-23.7%	$11.1B
R&D Expenses	$567.0M-2.7%	$583.0M+5.2%	$554.0M-15.0%	$652.0M+17.3%	$556.0M+1.3%	$549.0M+4.4%	$526.0M-15.8%	$625.0M
SG&A Expenses	$1.2B+0.9%	$1.2B+24.4%	$972.0M-23.9%	$1.3B+4.9%	$1.2B+1.7%	$1.2B+23.1%	$972.0M-21.0%	$1.2B
Interest Expense	$710.0M-0.3%	$712.0M-1.0%	$719.0M-17.6%	$873.0M+9.9%	$794.0M+1.3%	$784.0M-5.4%	$829.0M-4.7%	$870.0M
Income Tax	$529.0M+2.1%	$518.0M+164.3%	$196.0M+5.9%	$185.0M-45.4%	$339.0M-37.1%	$539.0M+1896.3%	$27.0M-89.2%	$249.0M
Net Income	$1.4B-22.2%	$1.8B+170.3%	$656.0M-48.7%	$1.3B-0.9%	$1.3B-28.5%	$1.8B+107.6%	$869.0M-30.2%	$1.2B
EPS (Diluted)	$5.10-22.1%	$6.55+170.7%	$2.42-38.4%	$3.93-17.3%	$4.75-28.5%	$6.64+108.2%	$3.19-30.3%	$4.58

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, Operating Income.

DE Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

DE quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$106.0B-1.2%	$107.3B+3.1%	$104.1B+15.6%	$90.0B+7.0%	$84.1B+12.0%	$75.1B+2.8%	$73.0B+4.1%	$70.1B+6.6%	$65.8B+13.6%	$57.9B-0.1%	$57.9B-5.5%	$61.3B+3.0%	$59.5B+5.8%	$56.3B+16.7%	$48.2B
Cash & Equivalents	$8.3B+13.0%	$7.3B-1.8%	$7.5B+56.2%	$4.8B-40.5%	$8.0B+13.5%	$7.1B+83.2%	$3.9B-1.2%	$3.9B-58.2%	$9.3B+115.3%	$4.3B+4.2%	$4.2B+9.9%	$3.8B+8.1%	$3.5B-24.7%	$4.7B+27.6%	$3.6B
Inventory	$7.4B+4.4%	$7.1B-13.1%	$8.2B-3.9%	$8.5B+25.3%	$6.8B+35.6%	$5.0B-16.3%	$6.0B-2.8%	$6.1B+57.5%	$3.9B+16.9%	$3.3B-12.5%	$3.8B-9.3%	$4.2B-14.7%	$4.9B-4.6%	$5.2B+18.3%	$4.4B
Accounts Receivable	$5.3B-0.2%	$5.3B-31.2%	$7.7B+20.7%	$6.4B+52.3%	$4.2B+0.9%	$4.2B-20.2%	$5.2B+4.5%	$5.0B	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$4.2B+5.8%	$4.0B+1.5%	$3.9B+5.8%	$3.7B+12.0%	$3.3B+6.8%	$3.1B+5.6%	$2.9B-5.9%	$3.1B+200.2%	$1.0B+26.6%	$816.0M+12.4%	$726.0M-8.2%	$791.0M-6.4%	$845.0M-8.3%	$921.0M-7.9%	$1.0B
Total Liabilities	$80.0B-5.2%	$84.4B+2.7%	$82.2B+18.0%	$69.7B+6.1%	$65.7B+5.7%	$62.1B+0.9%	$61.6B+4.7%	$58.8B+4.6%	$56.2B+9.4%	$51.4B+0.4%	$51.2B-2.1%	$52.3B+6.1%	$49.3B-0.3%	$49.4B+19.4%	$41.4B
Long-Term Debt	N/A	N/A	N/A	N/A	$32.9B+0.5%	$32.7B+8.3%	$30.2B+11.0%	$27.2B+5.2%	$25.9B+9.2%	$23.7B-0.5%	$23.8B-2.2%	$24.4B+13.0%	$21.6B-3.9%	$22.5B+32.4%	$17.0B
Total Equity	$25.9B+13.6%	$22.8B+4.8%	$21.8B+7.5%	$20.3B+9.9%	$18.4B+42.5%	$12.9B+13.4%	$11.4B+1.1%	$11.3B+18.1%	$9.6B+46.6%	$6.5B-3.3%	$6.7B-25.6%	$9.1B-11.7%	$10.3B+50.0%	$6.8B+0.6%	$6.8B
Retained Earnings	$59.7B+5.8%	$56.4B+10.7%	$50.9B+20.6%	$42.2B+15.9%	$36.4B+15.2%	$31.6B+6.0%	$29.9B+8.3%	$27.6B+8.9%	$25.3B+5.8%	$23.9B+3.3%	$23.1B+5.2%	$22.0B+12.0%	$19.6B+16.4%	$16.9B+16.2%	$14.5B

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$107.6B+0.6%	$107.0B+3.4%	$103.4B-2.4%	$106.0B-1.7%	$107.8B+1.4%	$106.3B+3.1%	$103.1B-3.9%	$107.3B
Cash & Equivalents	$8.9B+12.9%	$7.9B+16.3%	$6.8B-17.9%	$8.3B-3.5%	$8.6B+7.4%	$8.0B+21.1%	$6.6B-9.9%	$7.3B
Inventory	$7.8B-4.6%	$8.2B-1.2%	$8.3B+11.9%	$7.4B-4.0%	$7.7B-2.0%	$7.9B+1.6%	$7.7B+9.2%	$7.1B
Accounts Receivable	$7.7B+2.0%	$7.6B+26.3%	$6.0B+12.7%	$5.3B-12.9%	$6.1B-9.6%	$6.7B+36.8%	$4.9B-7.4%	$5.3B
Goodwill	$4.5B-1.0%	$4.5B+5.4%	$4.3B+2.2%	$4.2B-0.5%	$4.2B+2.8%	$4.1B+5.7%	$3.9B-2.2%	$4.0B
Total Liabilities	$79.6B0.0%	$79.5B+3.2%	$77.1B-3.6%	$80.0B-3.1%	$82.6B+0.8%	$81.9B+1.7%	$80.6B-4.6%	$84.4B
Total Equity	$28.0B+2.1%	$27.4B+4.2%	$26.3B+1.3%	$25.9B+3.1%	$25.2B+3.7%	$24.3B+8.0%	$22.5B-1.6%	$22.8B
Retained Earnings	$62.2B+1.5%	$61.2B+2.2%	$59.9B+0.4%	$59.7B+1.1%	$59.0B+1.4%	$58.2B+2.4%	$56.8B+0.8%	$56.4B

Not reported in any period shown, so not listed: Current Assets, Current Liabilities, Long-Term Debt.

DE Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

DE quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$7.2B	$7.5B-19.2%	$9.2B+7.5%	$8.6B+82.8%	$4.7B-39.2%	$7.7B+3.2%	$7.5B+119.3%	$3.4B+87.3%	$1.8B-17.0%	$2.2B-41.7%	$3.8B+0.3%	$3.8B+6.6%	$3.5B+8.3%	$3.3B+178.7%	$1.2B-49.8%	$2.3B
Capital Expenditures	$1.2B	$1.4B-17.1%	$1.6B+9.5%	$1.5B+32.1%	$1.1B+33.7%	$848.0M+3.4%	$820.0M-26.8%	$1.1B+25.0%	$896.0M+50.6%	$595.0M-7.7%	$644.4M-7.1%	$694.0M-33.8%	$1.0B-9.5%	$1.2B-12.2%	$1.3B+24.9%	$1.1B
Free Cash Flow	$6.0B	$6.1B-19.7%	$7.6B+7.1%	$7.1B+98.9%	$3.6B-48.2%	$6.9B+3.2%	$6.7B+190.7%	$2.3B+147.5%	$926.0M-42.2%	$1.6B-48.8%	$3.1B+2.0%	$3.1B+23.7%	$2.5B+18.2%	$2.1B+1483.4%	-$151.5M-111.9%	$1.3B
Investing Cash Flow	-$2.1B	-$2.1B+68.2%	-$6.5B+26.1%	-$8.7B-3.1%	-$8.5B-47.6%	-$5.8B-73.2%	-$3.3B+15.4%	-$3.9B+52.0%	-$8.2B-391.9%	-$1.7B-41.2%	-$1.2B-11.2%	-$1.1B	N/A	N/A	N/A	-$2.6B
Financing Cash Flow	-$4.8B	-$4.6B-68.5%	-$2.7B-196.8%	$2.8B+240.0%	$826.0M+176.6%	-$1.1B-10.0%	-$980.0M-292.5%	$509.0M-41.9%	$876.0M-79.6%	$4.3B+278.1%	-$2.4B-12.6%	-$2.1B	N/A	N/A	N/A	$139.6M
Dividends Paid	$1.8B	$1.7B+7.2%	$1.6B+12.5%	$1.4B+8.7%	$1.3B+26.3%	$1.0B+8.8%	$956.0M+1.4%	$943.0M+17.0%	$806.0M+5.5%	$764.0M+0.4%	$761.3M-6.7%	$816.3M+3.9%	$786.0M+4.4%	$752.9M+7.9%	$697.9M+17.7%	$593.1M
Share Buybacks	$699.0M	$1.1B-71.6%	$4.0B-44.5%	$7.2B+100.6%	$3.6B+41.7%	$2.5B+238.4%	$750.0M-40.1%	$1.3B+30.8%	$958.0M+15866.7%	$6.0M-97.1%	$205.4M-92.6%	$2.8B+1.4%	$2.7B+78.3%	$1.5B-3.5%	$1.6B-4.8%	$1.7B

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	$2.2B+14.3%	$1.9B+317.1%	-$890.0M-122.3%	$4.0B+37.9%	$2.9B+70.4%	$1.7B+250.2%	-$1.1B-122.2%	$5.1B
Capital Expenditures	$265.0M+35.9%	$195.0M-23.8%	$256.0M-49.6%	$508.0M+71.0%	$297.0M+46.3%	$203.0M-42.3%	$352.0M-41.0%	$597.0M
Free Cash Flow	$1.9B+11.9%	$1.7B+251.6%	-$1.1B-132.9%	$3.5B+34.2%	$2.6B+73.6%	$1.5B+200.9%	-$1.5B-133.0%	$4.5B
Investing Cash Flow	-$918.0M+46.9%	-$1.7B-194.9%	$1.8B+245.1%	-$1.3B+20.5%	-$1.6B-148.0%	-$637.0M-145.0%	$1.4B+150.7%	-$2.8B
Financing Cash Flow	-$201.0M-123.3%	$863.0M+134.7%	-$2.5B+17.6%	-$3.0B-310.6%	-$736.0M-821.6%	$102.0M+111.1%	-$923.0M+52.1%	-$1.9B
Dividends Paid	$438.0M+0.2%	$437.0M-0.9%	$441.0M+0.7%	$438.0M-0.2%	$439.0M-0.2%	$440.0M+9.2%	$403.0M0.0%	$403.0M
Share Buybacks	$197.0M-0.5%	$198.0M-34.4%	$302.0M+15000.0%	$2.0M-99.3%	$298.0M-24.9%	$397.0M-10.0%	$441.0M-43.5%	$780.0M

DE Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

DE quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Margin	N/A	17.5%-3.7pp	21.2%+3.1pp	18.1%-0.1pp	18.2%+6.1pp	12.1%+0.9pp	11.3%-0.7pp	12.0%0.0pp	12.0%+2.3pp	9.7%-1.2pp	10.9%-3.6pp	14.5%-1.2pp	15.7%+1.5pp	14.1%-0.1pp	14.3%
Net Margin	11.0%-2.7pp	13.7%-2.9pp	16.6%+3.0pp	13.6%0.0pp	13.5%+5.8pp	7.7%-0.6pp	8.3%+2.0pp	6.3%-0.9pp	7.3%+1.5pp	5.7%-1.0pp	6.7%-2.1pp	8.8%-0.6pp	9.4%+0.9pp	8.5%-0.3pp	8.8%
Return on Equity	19.4%-11.7pp	31.1%-15.6pp	46.7%+11.5pp	35.2%+2.8pp	32.4%+11.1pp	21.3%-7.2pp	28.5%+7.5pp	21.0%-1.6pp	22.6%-0.8pp	23.4%-5.4pp	28.8%-6.1pp	34.9%+0.4pp	34.5%-10.3pp	44.8%+3.6pp	41.2%
Return on Assets	4.7%-1.9pp	6.6%-3.1pp	9.8%+1.8pp	7.9%+0.8pp	7.1%+3.4pp	3.7%-0.8pp	4.5%+1.1pp	3.4%+0.1pp	3.3%+0.7pp	2.6%-0.7pp	3.4%-1.8pp	5.1%-0.8pp	5.9%+0.5pp	5.5%-0.4pp	5.8%
Debt-to-Equity	3.08-0.6x	3.70-0.1x	3.77+0.3x	3.44+1.7x	1.78-0.7x	2.53-0.1x	2.65+0.2x	2.41-0.3x	2.71-0.9x	3.64+0.1x	3.53+0.8x	2.69+0.6x	2.10-1.2x	3.28+0.8x	2.49
FCF Margin	13.4%-1.3pp	14.7%+3.1pp	11.6%+4.8pp	6.8%-8.8pp	15.6%-3.1pp	18.8%+12.9pp	5.8%+3.4pp	2.5%-2.9pp	5.4%-6.3pp	11.7%+1.1pp	10.6%+3.8pp	6.9%+1.3pp	5.5%+6.0pp	-0.4%-4.4pp	4.0%

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Net Margin	10.9%-2.3pp	13.3%+6.4pp	6.8%-4.5pp	11.3%+0.6pp	10.7%-3.4pp	14.1%+3.9pp	10.2%-1.0pp	11.2%
Return on Equity	4.9%-1.5pp	6.5%+4.0pp	2.5%-2.4pp	4.9%-0.2pp	5.1%-2.3pp	7.4%+3.6pp	3.9%-1.6pp	5.5%
Return on Assets	1.3%-0.4pp	1.7%+1.0pp	0.6%-0.6pp	1.2%0.0pp	1.2%-0.5pp	1.7%+0.9pp	0.8%-0.3pp	1.2%
Debt-to-Equity	2.84-0.1x	2.900.0x	2.93-0.2x	3.08-0.2x	3.28-0.1x	3.37-0.2x	3.58-0.1x	3.70
FCF Margin	15.4%+2.4pp	13.0%+24.9pp	-11.9%-42.8pp	30.9%+9.3pp	21.6%+9.9pp	11.7%+29.2pp	-17.4%-57.8pp	40.3%

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

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Where Deere & Co Ranks

Frequently Asked Questions

What is Deere & Co's annual revenue?

Deere & Co (DE) reported $45.7B in total revenue for fiscal year 2025. This represents a -11.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Deere & Co's revenue growing?

Deere & Co (DE) revenue declined by 11.7% year-over-year, from $51.7B to $45.7B in fiscal year 2025.

Is Deere & Co profitable?

Yes, Deere & Co (DE) reported a net income of $5.0B in fiscal year 2025, with a net profit margin of 11.0%.

What is Deere & Co's net profit margin?

Deere & Co (DE) had a net profit margin of 11.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Deere & Co pay dividends?

Yes, Deere & Co (DE) paid $6.48 per share in dividends during fiscal year 2025.

What is Deere & Co's return on equity (ROE)?

Deere & Co (DE) has a return on equity of 19.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Deere & Co's free cash flow?

Deere & Co (DE) generated $6.1B in free cash flow during fiscal year 2025. This represents a -19.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Deere & Co's operating cash flow?

Deere & Co (DE) generated $7.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Deere & Co's total assets?

Deere & Co (DE) had $106.0B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Deere & Co's capital expenditures?

Deere & Co (DE) invested $1.4B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Deere & Co spend on research and development?

Deere & Co (DE) invested $2.3B in research and development during fiscal year 2025.

Does Deere & Co buy back shares?

Yes, Deere & Co (DE) spent $1.1B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Deere & Co have outstanding?

Deere & Co (DE) had 270M shares outstanding as of fiscal year 2025.

What is Deere & Co's debt-to-equity ratio?

Deere & Co (DE) had a debt-to-equity ratio of 3.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Deere & Co's return on assets (ROA)?

Deere & Co (DE) had a return on assets of 4.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Deere & Co's Piotroski F-Score?

Deere & Co (DE) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Deere & Co's earnings high quality?

Deere & Co (DE) has an earnings quality ratio of 1.48x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Deere & Co?

Deere & Co (DE) scores 32 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.