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.
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Deere & Company (DE) Gross margin
Deere & Company's gross margin over the twelve months to 31 July 2026 was 36.6%, down 1.8 percentage points from fiscal 2025 (38.4%). Over the past ten years it has ranged from 30.2% (fiscal 2015) to 40.5% (fiscal 2024); the current reading is higher than 82% of that period. That is above the Farm & Heavy Construction Machinery industry median of 24.2% and above the Industrials sector median of 30.5%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 38.4% | (2.13) |
| FY2024 | 40.5% | 2.06 |
| FY2023 | 38.4% | 5.64 |
| FY2022 | 32.8% | (1.07) |
| FY2021 | 33.9% | 0.48 |
| FY2020 | 33.4% | 1.63 |
| FY2019 | 31.8% | 0.20 |
| FY2018 | 31.6% | (1.65) |
| FY2017 | 33.2% | 1.49 |
| FY2016 | 31.7% | 1.50 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jul 2026 | 37.0% | (1.14) |
| Apr 2026 | 38.2% | 3.51 |
| Jan 2026 | 34.7% | (1.26) |
| Oct 2025 | 35.9% | (1.09) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| DE Deere & Company | 36.6% |
| CAT Caterpillar Inc. compare | 34.3% |
| CNH CNH Industrial N.V. compare | 30.6% |
| FSS Federal Signal Corporation compare | 29.2% |
| AGCO AGCO Corporation compare | 25.3% |
| ALG Alamo Group, Inc. compare | 24.2% |
| PCAR PACCAR Inc. compare | 20.0% |
| TEX Terex Corporation compare | 17.2% |
| OSK Oshkosh Corporation compare | 15.9% |
| Farm & Heavy Construction Machinery industry median | 24.2% |
| Industrials sector median | 30.5% |
| Market median | 46.2% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on DE
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement