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 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
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
FCF
Total debt
Cash
2025
$45.7B
$5.0B
0.0%
0.0%
$6.1B
—
$8.3B
2024
$51.7B
$7.1B
0.0%
17.5%
$7.6B
—
$7.3B
2023
$61.3B
$10.2B
0.0%
21.2%
$7.1B
—
$7.5B
2022
$52.6B
$7.1B
0.0%
18.1%
$3.6B
—
$4.8B
2021
$44.0B
$6.0B
0.0%
18.2%
$6.9B
$32.9B
$8.0B
2020
$35.5B
$2.8B
0.0%
12.1%
$6.7B
$32.7B
$7.1B
2019
$39.3B
$3.3B
0.0%
11.2%
$2.3B
$30.2B
$3.9B
2018
$37.4B
$2.4B
0.0%
12.0%
$926M
$27.2B
$3.9B
2017
$29.7B
$2.2B
33.0%
12.0%
$1.6B
$25.9B
$9.3B
2016
$26.6B
$1.5B
31.5%
9.7%
—
—
$4.3B
2016
$26.6B
$1.5B
31.5%
9.8%
$3.1B
$23.7B
$4.3B
2015
$28.9B
$1.9B
30.2%
10.9%
$3.1B
—
$4.2B
2015
$28.9B
$1.9B
30.2%
10.9%
—
$23.8B
$4.2B
2014
$36.1B
$3.2B
31.3%
14.5%
—
$24.4B
$3.8B
2013
$37.8B
$3.5B
32.1%
15.7%
—
$21.6B
$3.5B
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
May '26
$13.4B
$1.8B
0.0%
0.0%
$1.7B
—
$7.9B
Feb '26
$9.6B
$656M
0.0%
0.0%
-$1.1B
—
$6.8B
Nov '25
$12.4B
$1.1B
0.0%
0.0%
$3.5B
—
$8.3B
Jul '25
$12.0B
$1.3B
0.0%
0.0%
$2.6B
—
$8.6B
Apr '25
$12.8B
$1.8B
0.0%
0.0%
$1.5B
—
$8.0B
Jan '25
$8.5B
$869M
0.0%
0.0%
-$1.5B
—
$6.6B
Oct '24
$11.1B
$1.2B
0.0%
0.0%
$4.5B
—
$7.3B
Jul '24
$13.2B
$1.7B
0.0%
0.0%
$2.9B
—
$7.0B
Apr '24
$15.2B
$2.4B
0.0%
0.0%
$1.5B
—
$5.6B
Jan '24
$12.2B
$1.8B
0.0%
0.0%
-$1.3B
—
$5.1B
Oct '23
$15.4B
$2.4B
0.0%
19.6%
$5.1B
—
$7.5B
Jul '23
$15.8B
$3.0B
0.0%
22.3%
$2.7B
—
$6.6B
Apr '23
$17.4B
$2.9B
0.0%
22.4%
$830M
—
$5.3B
Jan '23
$12.7B
$2.0B
0.0%
19.9%
-$1.6B
—
$4.0B
Oct '22
$15.5B
$2.2B
0.0%
19.0%
$3.7B
—
$4.8B
Jul '22
$14.1B
$1.9B
0.0%
18.8%
$1.9B
—
$4.4B
May '22
$13.4B
$2.1B
0.0%
20.0%
$638M
$32.4B
$3.9B
Jan '22
$9.6B
$903M
0.0%
12.9%
-$2.7B
$32.8B
$4.5B
Oct '21
$11.3B
$1.3B
0.0%
14.9%
$3.1B
$32.9B
$8.0B
Aug '21
$11.5B
$1.7B
0.0%
19.5%
$2.4B
$32.3B
$7.5B
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 33.9× (Jun '26).
The price-to-sales ratio has risen from 2.1× (Mar '23) to 3.7× (Jun '26).
The dividend yield has fallen from 1.2% (Mar '23) to 1.0% (Jun '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 Jun '26, Deere & Company traded at a price-to-earnings ratio of about 33.9× (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.