Deere & Co (DE) Financial Statements
Industry: Farm Machinery & Equipment
In fiscal 2025, Deere reported revenue of $45.68B, down 11.7% from $51.72B the year before. Net income was $5.03B (a 11.0% net margin), or $18.50 per diluted share. Gross margin was 99.3% and operating margin was 13.2%. Operating activities generated $7.46B of cash, leaving $6.10B of free cash flow. At fiscal year end, Deere held $106.00B in total assets against $79.99B in total liabilities, including $8.28B of cash and equivalents.
Open the full interactive Deere financials → Quarterly statements, key ratios, valuation history and price charts.
Deere Key Stats
| Share Price | $650.00 |
|---|---|
| Market Cap | $175.96B |
| P/E Ratio | 35.1 |
| Revenue YoY Growth | -11.7% |
| 52-Week Range | $434.16 – $707.79 |
| Shares Outstanding | 269.8 million (basic, 2026 Q3) |
Deere Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $35.54B | $44.02B | $52.58B | $61.25B | $51.72B | $45.68B |
| Cost of Goods Sold | $31.66B | $36.42B | $267.0M | $309.0M | $340.0M | $320.0M |
| Gross Profit | $3.88B | $7.60B | $52.31B | $60.94B | $51.38B | $45.36B |
| Operating Income | $4.30B | $8.01B | $9.51B | $12.96B | $9.04B | $6.02B |
| Pre-Tax Income | $3.88B | $7.60B | $9.13B | $13.02B | $9.21B | $6.26B |
| Income Tax | $1.08B | $1.66B | $2.01B | $2.87B | $2.09B | $1.26B |
| Net Income | $2.75B | $5.96B | $7.13B | $10.17B | $7.10B | $5.03B |
| Diluted EPS | $8.69 | $18.99 | $23.28 | $34.63 | $25.62 | $18.50 |
Deere Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $12.39B | $9.61B | $13.37B | $12.61B |
| Net Income | $1.06B | $656.0M | $1.77B | $1.38B |
| Diluted EPS | $3.92 | $2.42 | $6.55 | $5.10 |
Deere Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $7.07B | $8.02B | $4.77B | $7.46B | $7.32B | $8.28B |
| Total Assets | $75.09B | $84.11B | $90.03B | $104.09B | $107.32B | $106.00B |
| Total Long-Term Debt | $32.73B | $32.89B | $33.60B | $38.48B | $43.23B | $43.54B |
| Total Liabilities | $62.15B | $65.68B | $69.67B | $82.20B | $84.39B | $79.99B |
| Shareholders' Equity | $12.94B | $18.43B | $20.26B | $21.79B | $22.84B | $25.95B |
Deere Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $7.48B | $7.73B | $4.70B | $8.59B | $9.23B | $7.46B |
| Cash From Investing | -$3.32B | -$5.75B | -$8.48B | -$8.75B | -$6.46B | -$2.06B |
| Cash From Financing | -$980.0M | -$1.08B | $826.0M | $2.81B | -$2.72B | -$4.58B |
| Free Cash Flow | $6.66B | $6.88B | $3.56B | $7.09B | $7.59B | $6.10B |
Figures from Deere's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Deere financials page for every line item.
Deere Company Profile
| Ticker | DE |
|---|---|
| Exchange | NYSE |
| Industry | Farm Machinery & Equipment |
| Headquarters | Moline, Illinois |
| Incorporated in | Delaware |
| Fiscal Year End | November 1 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000315189 |
Frequently Asked Questions
What was Deere's revenue in fiscal 2025?
Deere (DE) reported revenue of $45.68B for fiscal 2025.
What is Deere's annual revenue history?
Deere's annual revenue by fiscal year: 2020: $35.54B; 2021: $44.02B; 2022: $52.58B; 2023: $61.25B; 2024: $51.72B; 2025: $45.68B.
What was Deere's net income in fiscal 2025?
Deere reported net income of $5.03B for fiscal 2025.
What was Deere's earnings per share (EPS) in fiscal 2025?
Deere's diluted EPS was $18.50 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Deere generate in fiscal 2025?
Deere generated $6.10B of free cash flow in fiscal 2025.
What was Deere's revenue last quarter?
In its most recent reported quarter (2026 Q3), Deere reported revenue of $12.61B.
How much debt does Deere have?
Deere reported $43.54B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Deere are outstanding?
Deere reported a weighted average of 269.8 million basic shares outstanding in 2026 Q3.
What is Deere's market cap?
Based on its latest closing price, Deere (DE) has a market capitalization of about $175.96B.
When does Deere's fiscal year end?
Deere's fiscal year end, as registered with the SEC, is November 1.
Where is Deere headquartered?
Deere lists its business address in Moline, Illinois in its SEC filings.