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.

Revenue
+4.91%
EPS
+7.35%
Free cash flow
−20.1%
Total debt
−4.22%

Quarter to July 2026, against a year earlier

674.96 11.65 +1.76%
Market cap
$178.9B
P/E
36.9×
Fwd P/E
37.3×
Dividend yield
0.97%
F-score
6/9
Altman Z
2.92
Beneish M
−2.60
Dividend safety
74/100

Deere & Company (DE) Debt to equity

Alert me on Debt to equity

Deere & Company's debt to equity at the end of the quarter to 31 July 2026 was 2.3×, down 0.2× from fiscal 2025 (2.5×). Over the past ten years it has ranged from 2.5× (fiscal 2025) to 5.5× (fiscal 2015) — the current reading is the lowest in ten years. That is above the Farm & Heavy Construction Machinery industry median of 0.7× and above the Industrials sector median of 0.3×.

Debt to equity, annual

Embed this chart

Annual newest first

Period Debt to equity Change
FY2025 2.5× (13.69%)
FY2024 2.9× (1.93%)
FY2023 2.9× 13.64%
FY2022 2.6× (2.48%)
FY2021 2.6× (26.10%)
FY2020 3.6× (10.50%)
FY2019 4.0× 6.10%
FY2018 3.7× (10.65%)
FY2017 4.2× (23.19%)
FY2016 5.5× 0.00%

Quarterly newest first

Period Debt to equity Change
Jul 2026 2.3× (2.07%)
Apr 2026 2.3× (1.97%)
Jan 2026 2.4× (3.58%)
Oct 2025 2.5× (6.94%)
43 more quarters

Against its own ten years

Low 2.5× High 5.5×
Ten-year median 3.6×
Current reading's percentile 9

Debt to equity against peers

Company Debt to equity
OSK Oshkosh Corporation compare 0.1×
BLBD Blue Bird Corporation compare 0.2×
FSS Federal Signal Corporation compare 0.3×
TEX Terex Corporation compare 0.5×
AGCO AGCO Corporation compare 0.7×
PCAR PACCAR Inc. compare 0.7×
CAT Caterpillar Inc. compare 2.1×
DE Deere & Company 2.3×
CNH CNH Industrial N.V. compare 3.3×
Farm & Heavy Construction Machinery industry median 0.7×
Industrials sector median 0.3×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

More on DE