DE Financials Deere & Company

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 20 d ago Overview →

Growth & profitability

Revenue has grown 5.2% per year over the past 5 years.
Net income has grown faster than revenue (12.8% vs 5.2% per year).
Free cash flow has declined 1.8% per year over the past 5 years.

Financial health

Total debt has grown in line with revenue (6.8% vs 5.2% per year).

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 34.2% of earnings and 28.2% of free cash flow.
The dividend has grown 12.5% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$45.7B	$5.0B	0.0%	0.0%	19.4%	4.7%	$6.1B	—	$8.3B
2024	$51.7B	$7.1B	0.0%	17.5%	31.1%	6.6%	$7.6B	—	$7.3B
2023	$61.3B	$10.2B	0.0%	21.2%	46.7%	9.8%	$7.1B	—	$7.5B
2022	$52.6B	$7.1B	0.0%	18.1%	35.2%	7.9%	$3.6B	—	$4.8B
2021	$44.0B	$6.0B	0.0%	18.2%	32.4%	7.1%	$6.9B	$32.9B	$8.0B
2020	$35.5B	$2.8B	0.0%	12.1%	21.3%	3.7%	$6.7B	$32.7B	$7.1B
2019	$39.3B	$3.3B	0.0%	11.2%	28.5%	4.5%	$2.3B	$30.2B	$3.9B
2018	$37.4B	$2.4B	0.0%	12.0%	21.0%	3.4%	$926M	$27.2B	$3.9B
2017	$29.7B	$2.2B	33.0%	12.0%	22.6%	3.3%	$1.6B	$25.9B	$9.3B
2016	$26.6B	$1.5B	31.5%	9.7%	23.4%	2.6%	—	—	$4.3B
2016	$26.6B	$1.5B	31.5%	9.8%	23.4%	2.6%	$3.1B	$23.7B	$4.3B
2015	$28.9B	$1.9B	30.2%	10.9%	—	3.4%	$3.1B	—	$4.2B
2015	$28.9B	$1.9B	30.2%	10.9%	28.8%	3.3%	—	$23.8B	$4.2B
2014	$36.1B	$3.2B	31.3%	14.5%	34.9%	5.2%	—	$24.4B	$3.8B
2013	$37.8B	$3.5B	32.1%	15.7%	34.5%	5.9%	—	$21.6B	$3.5B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Aug '26	$12.6B	$1.4B	0.0%	0.0%	4.9%	1.3%	$1.9B	—	$8.9B
May '26	$13.4B	$1.8B	0.0%	0.0%	6.5%	1.7%	$1.7B	—	$7.9B
Feb '26	$9.6B	$656M	0.0%	0.0%	2.5%	0.6%	-$1.1B	—	$6.8B
Nov '25	$12.4B	$1.1B	0.0%	0.0%	4.1%	1.0%	$3.5B	—	$8.3B
Jul '25	$12.0B	$1.3B	0.0%	0.0%	5.1%	1.2%	$2.6B	—	$8.6B
Apr '25	$12.8B	$1.8B	0.0%	0.0%	7.4%	1.7%	$1.5B	—	$8.0B
Jan '25	$8.5B	$869M	0.0%	0.0%	3.9%	0.8%	-$1.5B	—	$6.6B
Oct '24	$11.1B	$1.2B	0.0%	0.0%	5.5%	1.2%	$4.5B	—	$7.3B
Jul '24	$13.2B	$1.7B	0.0%	0.0%	7.5%	1.6%	$2.9B	—	$7.0B
Apr '24	$15.2B	$2.4B	0.0%	0.0%	10.4%	2.2%	$1.5B	—	$5.6B
Jan '24	$12.2B	$1.8B	0.0%	0.0%	7.9%	1.7%	-$1.3B	—	$5.1B
Oct '23	$15.4B	$2.4B	0.0%	19.6%	10.9%	2.3%	$5.1B	—	$7.5B
Jul '23	$15.8B	$3.0B	0.0%	22.3%	12.9%	2.9%	$2.7B	—	$6.6B
Apr '23	$17.4B	$2.9B	0.0%	22.4%	12.8%	2.9%	$830M	—	$5.3B
Jan '23	$12.7B	$2.0B	0.0%	19.9%	9.2%	2.1%	-$1.6B	—	$4.0B
Oct '22	$15.5B	$2.2B	0.0%	19.0%	11.1%	2.5%	$3.7B	—	$4.8B
Jul '22	$14.1B	$1.9B	0.0%	18.8%	9.9%	2.2%	$1.9B	—	$4.4B
May '22	$13.4B	$2.1B	0.0%	20.0%	11.1%	2.5%	$638M	$32.4B	$3.9B
Jan '22	$9.6B	$903M	0.0%	12.9%	5.1%	1.1%	-$2.7B	$32.8B	$4.5B
Oct '21	$11.3B	$1.3B	0.0%	14.9%	7.0%	1.5%	$3.1B	$32.9B	$8.0B

Valuation over time

How the market has priced DE against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 15.6× (Mar '23) to 37.2× (Sep '26).
The price-to-sales ratio has risen from 2.1× (Mar '23) to 4.1× (Sep '26).
The dividend yield has fallen from 1.2% (Mar '23) to 0.9% (Sep '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is DE growing its revenue and profit?

Over the past 5 years, Deere & Company's revenue has grown 5.2% per year, and net income grown 12.8% per year. These are computed facts, not advice.

How much debt does DE have?

As of FY2025, Deere & Company reported — of total debt against $8.3B of cash.

What is DE's profit margin?

In FY2025, gross margin was —, operating margin —, and net margin 11.0%.

What is DE's P/E ratio?

As of Sep '26, Deere & Company traded at a price-to-earnings ratio of about 37.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.