DE
Deere & Company
NYSE: DE · INDUSTRIALS · FARM & HEAVY CONSTRUCTION MACHINERY
$589.87
+5.33% today
Updated 2026-04-29
Market cap
$151.97B
P/E ratio
31.75
P/S ratio
3.25x
EPS (TTM)
$17.72
Dividend yield
1.09%
52W range
$430 – $672
Volume
1.5M
Deere & Company (DE) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.66B | $23.54B | $27.87B | $22.60B | $25.40B | $31.39B | $35.48B | $37.11B | $35.24B | $28.16B | $25.90B | $28.62B | $36.46B | $38.38B | $34.72B | $43.03B | $51.28B | $60.25B | $50.52B | $44.66B |
| Revenue growth (YoY) | — | +8.7% | +18.4% | -18.9% | +12.4% | +23.6% | +13.0% | +4.6% | -5.0% | -20.1% | -8.0% | +10.5% | +27.4% | +5.3% | -9.5% | +23.9% | +19.2% | +17.5% | -16.1% | -11.6% |
| Cost of revenue | $15.56B | $16.50B | $19.87B | $16.45B | $17.60B | $22.03B | $25.13B | $25.81B | $24.93B | $20.30B | $18.36B | $20.03B | $25.78B | $27.02B | $23.86B | $29.32B | $35.55B | $37.94B | $31.02B | $28.37B |
| Gross profit | $6.10B | $7.04B | $8.00B | $6.15B | $7.80B | $9.35B | $10.35B | $11.30B | $10.32B | $7.85B | $7.54B | $8.58B | $10.68B | $11.36B | $10.86B | $13.71B | $15.73B | $22.31B | $19.50B | $16.30B |
| Gross margin | 28.1% | 29.9% | 28.7% | 27.2% | 30.7% | 29.8% | 29.2% | 30.5% | 29.3% | 27.9% | 29.1% | 30.0% | 29.3% | 29.6% | 31.3% | 31.9% | 30.7% | 37.0% | 38.6% | 36.5% |
| R&D | $725.80M | $816.80M | $943.10M | $977.00M | $1.05B | $1.23B | $1.43B | $1.48B | $1.45B | $1.43B | $1.39B | $1.37B | $1.66B | $1.78B | $1.64B | $1.59B | $1.91B | $2.18B | $2.29B | $2.31B |
| SG&A | $2.32B | $2.62B | $2.96B | $2.78B | $2.97B | $3.17B | $3.42B | $3.61B | $3.28B | $2.87B | $2.79B | $3.13B | $3.47B | $3.48B | $3.45B | $3.20B | $3.65B | $4.31B | $4.51B | $4.24B |
| Operating income | $2.81B | $3.31B | $3.70B | $1.87B | $3.23B | $4.36B | $4.84B | $5.54B | $4.64B | $2.75B | $2.24B | $2.93B | $4.38B | $4.83B | $4.37B | $7.66B | $9.03B | $14.59B | $11.43B | $8.42B |
| Operating margin | 13.0% | 14.1% | 13.3% | 8.3% | 12.7% | 13.9% | 13.6% | 14.9% | 13.2% | 9.8% | 8.7% | 10.2% | 12.0% | 12.6% | 12.6% | 17.8% | 17.6% | 24.2% | 22.6% | 18.8% |
| EBITDA | $3.88B | $4.57B | $5.09B | $3.25B | $4.75B | $5.90B | $6.52B | $7.37B | $6.77B | $4.84B | $4.55B | $5.77B | $7.20B | $7.57B | $7.25B | $10.64B | $12.08B | $17.48B | $14.67B | $11.66B |
| EBITDA margin | 17.9% | 19.4% | 18.3% | 14.4% | 18.7% | 18.8% | 18.4% | 19.8% | 19.2% | 17.2% | 17.6% | 20.2% | 19.8% | 19.7% | 20.9% | 24.7% | 23.6% | 29.0% | 29.0% | 26.1% |
| EBIT | $3.19B | $3.83B | $4.26B | $2.38B | $3.84B | $4.98B | $5.52B | $6.22B | $5.46B | $3.46B | $2.99B | $4.05B | $5.28B | $5.55B | $5.13B | $8.60B | $10.19B | $15.47B | $12.55B | $9.43B |
| Interest expense | $1.02B | $1.15B | $1.14B | $1.04B | $811.40M | $759.40M | $782.80M | $741.30M | $664.00M | $680.00M | $763.70M | $899.00M | $1.20B | $1.47B | $1.25B | $993.00M | $1.06B | $2.45B | $3.35B | $3.17B |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $1.69B | $1.82B | $2.05B | $873.50M | $1.86B | $2.80B | $3.06B | $3.54B | $3.16B | $1.94B | $1.52B | $2.16B | $2.37B | $3.25B | $2.75B | $5.96B | $7.13B | $10.17B | $7.10B | $5.03B |
| Net income growth (YoY) | — | +7.6% | +12.7% | -57.4% | +113.5% | +50.1% | +9.5% | +15.4% | -10.6% | -38.6% | -21.4% | +41.7% | +9.7% | +37.4% | -15.4% | +116.8% | +19.6% | +42.6% | -30.2% | -29.2% |
| Profit margin | 7.8% | 7.7% | 7.4% | 3.9% | 7.3% | 8.9% | 8.6% | 9.5% | 9.0% | 6.9% | 5.9% | 7.5% | 6.5% | 8.5% | 7.9% | 13.9% | 13.9% | 16.9% | 14.1% | 11.3% |