Manufacturer of agricultural, construction, and forestry equipment providing advanced solutions worldwide.MoreShow less
Profile & Fundamentals
Deere & (DE.NYSE) Profile & Fundamentals
Review Deere & reported earnings, valuation, balance sheet and ownership, with source tables and separate AI assessments.
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Company and Market Context
Deere &: Company Profile & Ownership
Deere & Company manufactures and distributes various equipment worldwide. It operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides track and row crop tractors, harvesters, cotton pickers and strippers, sugarcane harvesters and loaders, soil preparation, tillage, seeding, and crop care equipment; and application equipment, such as sprayers and nutrient management, soil preparation machinery, and related attachments and service parts. The Small Agriculture and Turf segment offers specialty, utility, and compact tractors; self-propelled forage harvesters and attachments; rotary mowers, hay and forage equipment, and utility vehicles; turf and utility equipment, including riding lawn, commercial mowing, and golf course equipment, and utility vehicles, as well as implements for mowing, tilling, snow and debris handling, aerating, residential, commercial, golf, and sports turf care applications. The Construction and Forestry segment provides backhoe loaders, crawler dozers and loaders, loaders, excavators, motor graders, articulated dump trucks, skid-steer loaders, milling machines, recyclers, slipform and asphalt pavers, surface miners, compactors, tandem, static rollers, mobile crushers and screens, mobile and stationary asphalt plants, and log harvesters; and road building and rehabilitation equipment. The Financial Services segment finances sales and leases agriculture and turf, and construction and forestry equipment. It also offers wholesale financing to dealers of the foregoing equipment; and extended equipment warranties. It has a strategic partnership with Tarter USA to develop and produce flex wing rotary cutters. It also has strategic partnership with Yamaha Motor Corporation, Usa to co-develop future side-by-side vehicles. The company was founded in 1837 and is headquartered in Moline, Illinois.
Company profile record
Deere & Company
Common Stock · Industrials · Agricultural & Farm Machinery
Company
- Company / asset
- Deere & Company
- Security type
- Common Stock
- Sector
- Industrials
- Industry
- Agricultural & Farm Machinery
- HQ
- 🇺🇸 United States
- Head office
- One John Deere Place, Moline, IL, United States, 61265
Leadership & scale
- Chief executive
- Mr. John C. May II
- CEO year born
- 1969
- Full-time employees
- 73.1K
- Fiscal year end
- October
- IPO date
- 1972-06-01
Fundamentals snapshot
- Market Cap
- USD 186.1B
- P/E
- 38.2x
- Revenue (Q3 26)
- USD 12.6B
- Profit (Q3 26)
- USD 1.4B
- Dividend Yield
- 0.7%
- Revenue (FY 25)
- USD 44.7B
- Shares in public float
- 269.1M
- Insider ownership
- 0.17%
Reporting & identifiers
- Symbol
- DE.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US2441991054
- Asset ID
- equity_c9a7904f-50b6-57be-a2ec-7c50f3162c70
Deere &: Ownership
Shares Outstanding
Latest: 270.7M | Max: 325.8M | Min: 270.7M
Latest reported ownership snapshot
Float Shares
99.40%
269.1M latest reported shares
Insider Ownership
0.17%
Latest reported insider stake
Short Float
0.02%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 325,800,000 |
| 2018-01-01 | 324,700,000 |
| 2019-01-01 | 317,900,000 |
| 2020-01-01 | 317,100,000 |
| 2021-01-01 | 311,500,000 |
| 2022-01-01 | 302,100,000 |
| 2023-01-01 | 286,900,000 |
| 2024-01-01 | 273,600,000 |
| 2025-01-01 | 271,100,000 |
| 2026-01-01 | 270,700,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 18,544,770 | 6.88% | 2026-06-30 |
| Vanguard Capital Management, LLC | 16,575,154 | 6.15% | 2026-06-30 |
| Capital World Investors | 11,501,949 | 4.27% | 2026-06-30 |
| State Street Corp | 10,867,942 | 4.03% | 2026-06-30 |
| JPMorgan Chase & Co | 9,211,993 | 3.42% | 2026-06-30 |
| Vanguard MStar Total Stk Mkt Idx Invest | 8,130,751 | 3.02% | 2026-09-30 |
| T. Rowe Price Associates, Inc. | 7,546,938 | 2.8% | 2026-06-30 |
| FMR Inc | 7,488,674 | 2.78% | 2026-06-30 |
| Vanguard 500 Index Investor | 6,592,751 | 2.45% | 2026-09-30 |
| Capital Research & Mgmt Co - Division 3 | 6,410,022 | 2.38% | 2026-06-30 |
| Geode Capital Management, LLC | 5,713,643 | 2.12% | 2026-06-30 |
| Morgan Stanley - Brokerage Accounts | 4,369,891 | 1.62% | 2026-06-30 |
| American Funds Washington Mutual A | 4,142,648 | 1.54% | 2026-09-30 |
| Vanguard Portfolio Management, LLC | 3,820,147 | 1.42% | 2026-06-30 |
| Gates Bill & Melinda Foundation | 3,557,378 | 1.32% | 2026-06-30 |
Deere &: Earnings, Profitability & Valuation
Latest Financials Filed On
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Deere's latest financial results show a business pulling out of a steep cyclical decline. After profits dropped from over ten billion dollars in 2023 to five billion dollars in 2025, recent quarterly sales stabilized, rising seven percent to 12.61 billion dollars. Full-year net earnings guidance was raised to between 4.75 and 5.00 billion dollars. However, this earnings stabilization is narrower than it appears. Growth has been powered almost entirely by construction equipment and small lawn tractors, while the core large agricultural tractor business still contracted six percent. Reported profits were also helped by one-time tariff recoveries rather than runaway tractor sales.
Deere's latest financial results show a business pulling out of a steep cyclical decline. After profits dropped from over ten billion dollars in 2023 to five billion dollars in 2025, recent quarterly sales stabilized, rising seven percent to 12.61 billion dollars. Full-year net earnings guidance was raised to between 4.75 and 5.00 billion dollars. However, this earnings stabilization is narrower than it appears. Growth has been powered almost entirely by construction equipment and small lawn tractors, while the core large agricultural tractor business still contracted six percent. Reported profits were also helped by one-time tariff recoveries rather than runaway tractor sales.
Revenue, Net Income, and Free Cash Flow
Latest: USD 44.7B | Max: USD 60.2B | Min: USD -1.1B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 25x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profit margins have dropped from peak levels of twenty-four percent in 2023 to around nineteen percent today. Despite sharp factory production cuts designed to clear out dealership lots, gross margins held remarkably strong at 36.5%, proving that Deere possesses exceptional pricing power over its dealer network. Nevertheless, the belief that farming software will quickly push profit margins to new records is unproven. Much of the recent margin strength in construction came from price increases rather than volume gains. Returning to record corporate profitability will require a broad-based recovery in large combine deliveries, which remains constrained by farm budgets.
Profit margins have dropped from peak levels of twenty-four percent in 2023 to around nineteen percent today. Despite sharp factory production cuts designed to clear out dealership lots, gross margins held remarkably strong at 36.5%, proving that Deere possesses exceptional pricing power over its dealer network. Nevertheless, the belief that farming software will quickly push profit margins to new records is unproven. Much of the recent margin strength in construction came from price increases rather than volume gains. Returning to record corporate profitability will require a broad-based recovery in large combine deliveries, which remains constrained by farm budgets.
Profitability Margins
Latest: 36.5% | Max: 38.6% | Min: 5.9%
Latest Profitability Ratios as of 2025-10-31
Gross Margin
36.5%
Gross profit / revenue
Operating Margin
18.8%
Operating income / revenue
Net Margin
11.3%
Net income / revenue
FCF Margin
7.2%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-10-31 | 25,898,500,000 | 1,523,900,000 | 809,200,000 |
| 2017-10-31 | 28,617,000,000 | 2,159,000,000 | -392,500,000 |
| 2018-10-31 | 36,458,000,000 | 2,368,000,000 | -1,129,800,000 |
| 2019-10-31 | 38,379,000,000 | 3,253,000,000 | -37,000,000 |
| 2020-10-31 | 34,722,000,000 | 2,751,000,000 | 4,827,000,000 |
| 2021-10-31 | 43,033,000,000 | 5,963,000,000 | 5,146,000,000 |
| 2022-10-31 | 51,282,000,000 | 7,131,000,000 | 911,000,000 |
| 2023-10-31 | 60,248,000,000 | 10,166,000,000 | 4,121,000,000 |
| 2024-10-31 | 50,518,000,000 | 7,100,000,000 | 4,429,000,000 |
| 2025-10-31 | 44,665,000,000 | 5,027,000,000 | 3,231,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-10-31 | 24.9 | Trailing four quarters |
| 2024-10-31 | 15.6 | Trailing four quarters |
| 2023-10-31 | 10.3 | Trailing four quarters |
| 2022-10-31 | 16.8 | Annual net income |
| 2021-10-31 | 17.9 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-10-31 | 29.12 | 8.66 | 5.88 | 3.12 |
| 2017-10-31 | 29.99 | 10.25 | 7.54 | -1.37 |
| 2018-10-31 | 29.28 | 12 | 6.5 | -3.1 |
| 2019-10-31 | 29.6 | 12.6 | 8.48 | -0.1 |
| 2020-10-31 | 31.27 | 12.58 | 7.92 | 13.9 |
| 2021-10-31 | 31.87 | 17.81 | 13.86 | 11.96 |
| 2022-10-31 | 30.67 | 17.6 | 13.91 | 1.78 |
| 2023-10-31 | 37.02 | 24.22 | 16.87 | 6.84 |
| 2024-10-31 | 38.59 | 22.62 | 14.05 | 8.77 |
| 2025-10-31 | 36.48 | 18.84 | 11.25 | 7.23 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Snapshot retrieved 2026-11-03.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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