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) Operating margin
Deere & Company's operating margin over the twelve months to 31 July 2026 was 19.5%, down 1.2 percentage points from fiscal 2025 (20.6%). Over the past ten years it has ranged from 11.2% (fiscal 2016) to 25.3% (fiscal 2023); the current reading is higher than 82% of that period. That is above the Farm & Heavy Construction Machinery industry median of 4.47% and above the Industrials sector median of 5.13%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 20.6% | (3.63) |
| FY2024 | 24.3% | (0.99) |
| FY2023 | 25.3% | 5.88 |
| FY2022 | 19.4% | (0.14) |
| FY2021 | 19.5% | 5.09 |
| FY2020 | 14.4% | 0.28 |
| FY2019 | 14.2% | 0.03 |
| FY2018 | 14.1% | 0.49 |
| FY2017 | 13.6% | 2.42 |
| FY2016 | 11.2% | (0.78) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jul 2026 | 20.6% | (1.92) |
| Apr 2026 | 22.5% | 6.30 |
| Jan 2026 | 16.2% | (1.47) |
| Oct 2025 | 17.7% | (2.27) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| DE Deere & Company | 19.5% |
| CAT Caterpillar Inc. compare | 19.4% |
| FSS Federal Signal Corporation compare | 16.2% |
| CNH CNH Industrial N.V. compare | 13.5% |
| PCAR PACCAR Inc. compare | 13.3% |
| ALG Alamo Group, Inc. compare | 8.91% |
| OSK Oshkosh Corporation compare | 7.52% |
| AGCO AGCO Corporation compare | 5.83% |
| TEX Terex Corporation compare | 5.72% |
| Farm & Heavy Construction Machinery industry median | 4.47% |
| Industrials sector median | 5.13% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on DE
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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