Saturday 17 October 2026
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Deere & Company
DE Industrials Farm & Heavy Construction Machinery
Deere & Company’s revenue for fiscal 2025 (year ended October 2025) was $45.7 billion, down 11.7% from fiscal 2024. In the quarter to July 2026, revenue grew 4.91%, EPS grew 7.35%, free cash flow fell 20.1% and total debt fell 4.22%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years.
641.86
8.81
−1.35%
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| Oct '16 | Oct '17 | Oct '18 | Oct '19 | Oct '20 | Oct '21 | Oct '22 | Oct '23 | Oct '24 | Oct '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
18.28 | 19.80 | 18.48 | 16.96 | 26.39 | 18.75 | 16.86 | 10.50 | 15.74 | 24.89 |
Piotroski F-Score |
6 | 6 | 4 | 7 | 6 | 8 | 6 | 6 | 6 | 6 |
P/S ratio |
1.04 | 1.43 | 1.17 | 1.40 | 2.04 | 2.54 | 2.29 | 1.74 | 2.16 | 2.74 |
Altman Z-Score |
1.98 | 2.11 | 2.17 | 2.32 | 2.44 | 2.90 | 3.08 | 2.97 | 2.84 | 2.92 |
Altman Z″-Score (non-manufacturers) |
4.29 | 4.38 | 4.15 | 4.36 | 4.59 | 4.90 | 4.95 | 5.20 | 5.23 | 5.37 |
P/FCF ratio |
6.35 | 13.96 | 18.14 | 13.99 | 8.60 | 12.46 | 21.30 | 11.77 | 11.73 | 15.60 |
Beneish M-Score |
(2.65) | (2.30) | (2.06) | (2.50) | (3.01) | (2.43) | (1.95) | (2.39) | (2.79) | (2.59) |
P/Operating CF |
11.38 | 28.95 | 17.52 | 18.32 | 21.20 | 32.76 | 28.15 | 18.75 | 21.94 | 31.30 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 74 |
P/B ratio |
4.26 | 4.44 | 3.87 | 4.83 | 5.61 | 6.06 | 5.95 | 4.90 | 4.89 | 4.82 |
Price to Tangible BV |
4.96 | 5.11 | 6.59 | 7.74 | 8.51 | 8.06 | 7.85 | 6.37 | 6.25 | 5.99 |
EV/Sales |
2.20 | 2.45 | 2.18 | 2.45 | 3.12 | 3.44 | 3.17 | 2.64 | 3.26 | 3.92 |
EV/EBITDA |
12.90 | 12.60 | 11.32 | 12.68 | 15.30 | 14.23 | 13.81 | 9.26 | 11.48 | 15.38 |
EV/Operating CF |
15.56 | 33.11 | 44.76 | 28.14 | 14.82 | 19.60 | 35.52 | 18.83 | 18.24 | 24.04 |
EV/FCF |
13.39 | 23.90 | 33.85 | 24.37 | 13.13 | 16.88 | 29.50 | 17.83 | 17.69 | 22.37 |
Quick Ratio |
0.46 | 0.66 | 0.44 | 0.45 | 0.56 | 0.53 | 0.44 | 0.46 | 0.45 | 0.51 |
Current Ratio |
2.13 | 2.12 | 1.92 | 2.04 | 2.24 | 2.15 | 1.98 | 1.90 | 2.09 | 2.22 |
Net Debt/EBITDA |
6.78 | 5.25 | 5.26 | 5.40 | 5.28 | 3.73 | 3.84 | 3.15 | 3.87 | 4.65 |
Debt/Assets |
61.49% | 60.87% | 60.27% | 62.09% | 61.26% | 57.56% | 57.65% | 60.92% | 60.75% | 60.32% |
Debt/Equity |
5.45 | 4.19 | 3.74 | 3.97 | 3.55 | 2.63 | 2.56 | 2.91 | 2.85 | 2.46 |
Asset Turnover |
0.46 | 0.48 | 0.55 | 0.55 | 0.48 | 0.55 | 0.60 | 0.63 | 0.49 | 0.43 |
Operating CF/Net income |
2.47 | 1.02 | 0.77 | 1.05 | 2.72 | 1.30 | 0.66 | 0.84 | 1.30 | 1.48 |
Capex/Depreciation |
0.39 | 0.49 | 0.30 | 0.26 | 0.45 | 0.61 | 0.51 | 0.24 | 0.14 | 0.25 |
Interest Coverage |
3.91 | 4.51 | 4.38 | 3.79 | 4.11 | 8.66 | 9.59 | 6.31 | 3.75 | 2.97 |
| 22.94% | 26.83% | 22.71% | 28.65% | 22.59% | 38.01% | 36.85% | 48.35% | 31.82% | 20.60% | |
| 2.63% | 3.49% | 3.49% | 4.55% | 3.72% | 7.49% | 8.19% | 10.47% | 6.72% | 4.71% | |
ROIC |
3.72% | 4.95% | 5.18% | 4.88% | 4.74% | 8.18% | 8.56% | 10.60% | 7.23% | 4.88% |
Return on Tangible Assets |
5.66% | 7.08% | 8.17% | 10.22% | 7.88% | 15.73% | 18.57% | 23.24% | 14.93% | 10.05% |
Average Days of Receivables |
55.43 | 63.34 | 66.07 | 62.88 | 55.68 | 49.52 | 61.80 | 61.75 | 55.55 | 61.68 |
Research and Development Expense of Revenue |
5.23% | 4.62% | 4.44% | 4.54% | 4.63% | 3.60% | 3.64% | 3.55% | 4.43% | 5.06% |
Selling, General and Administrative Expense of Revenue |
10.48% | 10.42% | 9.25% | 9.05% | 9.78% | 7.68% | 7.35% | 7.50% | 9.36% | 10.21% |
Intangible Assets out of Total Assets |
0.02 | 0.02 | 0.07 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
Share Based Compensation of Revenue |
0.26% | 0.23% | 0.22% | 0.21% | 0.23% | 0.19% | 0.16% | 0.21% | 0.40% | 0.33% |
Graham Net Nets |
(0.37) | (0.19) | (0.24) | (0.20) | (0.13) | (0.05) | (0.04) | (0.04) | (0.07) | (0.03) |
Graham Number |
47.45 | 67.21 | 75.98 | 91.30 | 90.31 | 159.57 | 187.47 | 241.67 | 218.81 | 199.98 |
Earnings Yield |
5.47% | 5.05% | 5.41% | 5.90% | 3.79% | 5.33% | 5.93% | 9.53% | 6.35% | 4.02% |
Free Cash Flow Yield |
15.74% | 7.17% | 5.51% | 7.15% | 11.63% | 8.03% | 4.69% | 8.50% | 8.52% | 6.41% |
Revenue per Share |
84.53 | 93.08 | 115.80 | 124.04 | 113.37 | 141.28 | 172.67 | 209.62 | 187.38 | 168.64 |
Operating CF per Share |
11.96 | 6.87 | 5.65 | 10.78 | 23.87 | 24.79 | 15.43 | 29.39 | 33.45 | 27.53 |
Capex per Share |
1.94 | 2.65 | 1.82 | 1.67 | 3.07 | 4.00 | 3.15 | 1.65 | 1.05 | 2.06 |
Free Cash Flow per Share |
13.90 | 9.52 | 7.47 | 12.45 | 26.94 | 28.79 | 18.58 | 31.05 | 34.49 | 29.59 |
Cash per Share |
15.19 | 30.63 | 13.62 | 14.02 | 24.58 | 28.06 | 18.09 | 28.76 | 30.72 | 35.76 |
Shareholders Equity per Share |
20.72 | 29.92 | 35.00 | 36.07 | 41.29 | 59.16 | 66.55 | 74.57 | 82.76 | 95.81 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
20.72 | 29.92 | 35.00 | 36.07 | 41.29 | 59.16 | 66.55 | 74.57 | 82.76 | 95.81 |
Free Cash Flow |
4,381.50 | 3,042.00 | 2,409.00 | 3,940.00 | 8,446.00 | 8,972.00 | 5,658.00 | 9,072.00 | 9,520.00 | 8,016.00 |
Working Capital |
21,774.70 | 25,421.40 | 23,122.00 | 25,851.00 | 29,100.00 | 32,085.00 | 32,350.00 | 36,870.00 | 39,967.00 | 41,918.00 |
Capital Expenditures |
611.80 | 846.00 | 587.00 | 528.00 | 963.00 | 1,246.00 | 959.00 | 483.00 | 289.00 | 557.00 |
Net Current Asset Value |
(10,382.80) | (8,111.50) | (10,436.00) | (10,840.00) | (9,566.00) | (5,723.00) | (4,290.00) | (4,364.00) | (8,003.00) | (3,821.00) |
EV/EBIT |
19.63 | 17.94 | 15.46 | 17.29 | 21.62 | 17.62 | 16.38 | 10.46 | 13.41 | 19.02 |
Capex to Sales |
(0.02) | (0.03) | (0.02) | (0.01) | (0.03) | (0.03) | (0.02) | (0.01) | (0.01) | (0.01) |
Price to Operating Income |
12.51 | 13.46 | 10.73 | 13.48 | 18.71 | 14.70 | 13.21 | 8.20 | 12.13 | 19.99 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.30 | 0.34 | 0.33 | 0.34 | 0.36 | 0.35 | 0.31 | 0.29 | 0.28 | 0.28 |
Cash ROIC |
9.34% | 5.12% | 4.16% | 6.44% | 12.67% | 11.87% | 7.28% | 9.69% | 9.86% | 8.05% |
Accounts Receivable Turnover |
6.56 | 6.46 | 6.27 | 5.81 | 5.83 | 7.73 | 7.07 | 6.36 | 5.67 | 5.86 |
Accounts Payable Turnover |
2.50 | 2.54 | 2.76 | 2.71 | 2.40 | 2.59 | 2.60 | 2.44 | 2.01 | 1.98 |
Inventory Turnover |
5.08 | 5.48 | 5.09 | 4.42 | 4.32 | 4.94 | 4.63 | 4.53 | 4.04 | 3.88 |
Average Days of Payables |
145.23 | 154.65 | 144.32 | 131.55 | 155.88 | 154.80 | 153.09 | 156.10 | 172.48 | 180.29 |
Days of Inventory on Hand |
67.01 | 71.73 | 87.77 | 81.40 | 77.06 | 85.01 | 87.74 | 78.97 | 84.12 | 96.00 |
Average Receivables |
4,060.95 | 4,603.55 | 5,961.40 | 6,762.50 | 6,092.50 | 5,697.50 | 7,437.50 | 9,632.00 | 9,116.50 | 7,795.50 |
Average Payables |
7,275.80 | 7,828.55 | 9,264.00 | 9,883.50 | 9,884.00 | 11,230.00 | 13,585.00 | 15,476.00 | 15,336.50 | 14,226.00 |
Average Inventory |
3,578.75 | 3,622.30 | 5,026.55 | 6,062.00 | 5,487.00 | 5,890.00 | 7,638.00 | 8,327.50 | 7,626.50 | 7,249.50 |
Average Assets |
57,933.05 | 61,852.40 | 67,947.15 | 71,559.50 | 74,051.00 | 79,602.50 | 87,072.00 | 97,058.50 | 105,703.50 | 106,658.00 |
Average Common Equity |
6,644.20 | 8,045.65 | 10,425.75 | 11,354.00 | 12,180.50 | 15,689.00 | 19,349.50 | 21,027.00 | 22,316.00 | 24,399.50 |
Columns are period end dates