In fiscal 2025, which ended Nov 2, 2025, Deere & Co reported revenue of $45.7 billion, down 11.7% from the year before. Net income was $5.0 billion, a profit margin of 11.0%. Diluted earnings per share were $18.50. Over the twelve months ended Aug 2, 2026, revenue was $48.0 billion and net income was $4.9 billion. Across the 10 fiscal years shown, revenue grew from $26.6 billion in fiscal 2016 to $45.7 billion in fiscal 2025, about 6.2% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2026
Aug 2, 2026
|
FY 2025
Nov 2, 2025
|
FY 2024
Oct 27, 2024
|
FY 2023
Oct 29, 2023
|
FY 2022
Oct 30, 2022
|
FY 2021
Oct 31, 2021
|
FY 2020
Nov 1, 2020
|
FY 2019
Nov 3, 2019
|
FY 2018
Oct 28, 2018
|
FY 2017
Oct 29, 2017
|
FY 2016
Oct 31, 2016
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
47,983
+8.0%
|
45,684
-11.7%
|
51,716
-15.6%
|
61,251
+16.5%
|
52,577
+19.4%
|
44,024
+23.9%
|
35,540
-9.5%
|
39,258
+5.1%
|
37,358
+25.6%
|
29,738
+11.6%
|
26,644
-7.7%
|
| Cost of revenue |
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
19,934
+9.2%
|
18,249
-9.4%
|
| Gross profit |
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
9,804
+16.8%
|
8,395
-3.7%
|
| Research and development |
2,384
+5.6%
|
2,311
+0.9%
|
2,290
+5.2%
|
2,177
+13.9%
|
1,912
+20.5%
|
1,587
-3.5%
|
1,644
-7.8%
|
1,783
+7.5%
|
1,658
+20.8%
|
1,373
-1.2%
|
1,389
-2.5%
|
| Selling, general and administrative |
4,677
+1.3%
|
4,663
-3.7%
|
4,840
+5.3%
|
4,595
+18.9%
|
3,863
+14.2%
|
3,383
-2.7%
|
3,477
-2.1%
|
3,551
+2.8%
|
3,455
+11.5%
|
3,098
+12.1%
|
2,764
-3.8%
|
| Operating income |
—
|
—
|
9,039
-30.2%
|
12,958
+36.3%
|
9,508
+18.7%
|
8,012
+86.1%
|
4,305
-2.5%
|
4,415
-1.4%
|
4,476
+25.2%
|
3,574
+38.0%
|
2,589
-17.5%
|
| Pretax income |
6,436
+1.3%
|
6,257
-32.0%
|
9,206
-29.3%
|
13,019
+42.6%
|
9,127
+20.1%
|
7,602
+95.8%
|
3,883
-5.0%
|
4,088
+0.4%
|
4,071
+29.1%
|
3,154
+41.8%
|
2,224
-20.0%
|
| Income tax |
1,597
+38.4%
|
1,259
-39.9%
|
2,094
-27.1%
|
2,871
+43.0%
|
2,007
+21.0%
|
1,658
+53.2%
|
1,082
+27.0%
|
852
-50.7%
|
1,727
+77.9%
|
971
+38.7%
|
700
-16.7%
|
| Net income |
4,873
-6.4%
|
5,027
-29.2%
|
7,100
-30.2%
|
10,166
+42.6%
|
7,131
+19.6%
|
5,963
+116.8%
|
2,751
-15.4%
|
3,253
+37.4%
|
2,368
+9.7%
|
2,159
+41.7%
|
1,524
-21.4%
|
| Basic EPS |
18.04
-6.0%
|
18.55
-27.9%
|
25.73
-26.1%
|
34.80
+48.6%
|
23.42
+22.4%
|
19.14
+118.2%
|
8.77
-14.7%
|
10.28
+40.1%
|
7.34
+8.6%
|
6.76
+40.0%
|
4.83
-16.9%
|
| Diluted EPS |
17.99
-5.9%
|
18.50
-27.8%
|
25.62
-26.0%
|
34.63
+48.8%
|
23.28
+22.6%
|
18.99
+118.5%
|
8.69
-14.4%
|
10.15
+40.2%
|
7.24
+8.4%
|
6.68
+38.9%
|
4.81
-16.6%
|
| Weighted average shares, basic |
270
-0.5%
|
271
-1.8%
|
276
-5.5%
|
292
-4.0%
|
304
-2.3%
|
312
-0.6%
|
314
-0.9%
|
316
-1.9%
|
323
+1.0%
|
320
+1.4%
|
315
-5.5%
|
| Weighted average shares, diluted |
271
-0.5%
|
272
-1.9%
|
277
-5.6%
|
294
-4.1%
|
306
-2.5%
|
314
-0.8%
|
317
-1.2%
|
321
-2.0%
|
327
+1.2%
|
323
+2.1%
|
317
-5.8%
|
| Other measures | |||||||||||
| Depreciation and amortization |
2,348
+7.3%
|
2,229
+5.2%
|
2,118
+5.7%
|
2,004
+5.8%
|
1,895
-7.6%
|
2,050
-3.2%
|
2,118
+4.9%
|
2,019
+4.8%
|
1,927
+12.3%
|
1,716
+10.0%
|
1,560
+12.8%
|
| EBITDA |
—
|
—
|
11,157
-25.4%
|
14,962
+31.2%
|
11,403
+13.3%
|
10,062
+56.7%
|
6,423
-0.2%
|
6,434
+0.5%
|
6,403
+21.0%
|
5,290
+27.5%
|
4,149
-8.3%
|
| Interest coverage |
—
|
—
|
2.70x
|
5.28x
|
8.95x
|
8.07x
|
3.45x
|
3.01x
|
3.72x
|
3.98x
|
3.39x
|
| Margins | |||||||||||
| Gross margin |
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
32.97%
|
31.51%
|
| Operating margin |
—
|
—
|
17.48%
|
21.16%
|
18.08%
|
18.20%
|
12.11%
|
11.25%
|
11.98%
|
12.02%
|
9.72%
|
| Pretax margin |
13.41%
|
13.70%
|
17.80%
|
21.26%
|
17.36%
|
17.27%
|
10.93%
|
10.41%
|
10.90%
|
10.61%
|
8.35%
|
| Profit margin |
10.16%
|
11.00%
|
13.73%
|
16.60%
|
13.56%
|
13.54%
|
7.74%
|
8.29%
|
6.34%
|
7.26%
|
5.72%
|
| EBITDA margin |
—
|
—
|
21.57%
|
24.43%
|
21.69%
|
22.86%
|
18.07%
|
16.39%
|
17.14%
|
17.79%
|
15.57%
|
| Effective tax rate |
24.81%
|
20.12%
|
22.75%
|
22.05%
|
21.99%
|
21.81%
|
27.87%
|
20.84%
|
42.42%
|
30.79%
|
31.48%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Farm Machinery & Equipment (SIC 3523)
- Listed as
- DE (NYSE)
- Fiscal year ends
- November 1
- Incorporated in
- DE
- Headquarters
- Moline, IL
- SEC filer status
- Large accelerated filer
- SEC CIK
- 315189
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.