Friday 6 November 2026 Export DE’s income statement to Excel — free account

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

665.50 11.00 −1.63%

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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

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Deere & Company (DE) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Production & Precision Agriculture (PPA)	17,749	38.85%
Construction & Forestry (CF)	11,650	25.50%
Small Agriculture & Turf (SAT)	10,464	22.91%
Financial Services (FS)	6,289	13.77%
Gross margin		38.36%
Operating margin		13.70%
Pre-tax margin		13.70%

Revenue by product or service $m

Line	FY2018	FY2017	FY2016
Net Sales	33,351 89.27%	25,885 87.04%	23,387 87.78%
Finance and Interest Income	3,107 8.32%	2,732 9.19%	2,511 9.43%
Other Income	900 2.41%	1,121 3.77%	746 2.80%
Revenue	37,358	29,738	26,644

Gross profit by product or service $m, and margin

	FY2018	FY2017	FY2016
Net Sales	‡	‡	‡
Other Income	‡	‡	‡
Gross profit	‡	‡	‡
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Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2019
Production & Precision Agriculture (PPA)	17,749 38.85%	21,426 41.43%	27,287 44.55%	22,318 42.45%	16,817 38.20%	13,685 34.86%
Construction & Forestry (CF)	11,650 25.50%	13,254 25.63%	15,020 24.52%	13,065 24.85%	11,613 26.38%	11,508 29.31%
Small Agriculture & Turf (SAT)	10,464 22.91%	11,254 21.76%	14,223 23.22%	13,569 25.81%	12,046 27.36%	10,444 26.60%
Financial Services (FS)	6,289 13.77%	6,493 12.56%	5,554 9.07%	—	—	—
Other, not broken out	—	—	—	3,625 6.89%	3,548 8.06%	3,621 9.22%
Eliminations	(468) (1.02%)	(711) (1.37%)	(833) (1.36%)	—	—	—
Revenue	45,684	51,716	61,251	52,577	44,024	39,258

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2019
Production & Precision Agriculture (PPA)	‡	‡	‡	‡	‡	‡
Small Agriculture & Turf (SAT)	‡	‡	‡	‡	‡	‡
Financial Services (FS)	‡	‡	‡	‡	‡	‡
Construction & Forestry (CF)	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡
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Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2009
United States	23,974 52.48%	30,242 58.48%	34,105 55.68%	28,238 53.71%	22,814 51.82%	18,996 53.45%	20,926 53.30%	—	—	—	—	—	—	—	—
Western Europe	6,550 14.34%	6,189 11.97%	7,321 11.95%	6,344 12.07%	6,429 14.60%	5,333 15.01%	5,539 14.11%	—	—	—	—	—	—	—	—
Latin America	5,607 12.27%	5,538 10.71%	8,197 13.38%	7,339 13.96%	4,522 10.27%	3,023 8.51%	3,885 9.90%	—	—	—	—	—	—	—	—
Asia, Africa, Oceania, and Middle East	4,243 9.29%	4,359 8.43%	5,204 8.50%	4,465 8.49%	4,580 10.40%	3,726 10.48%	3,879 9.88%	—	—	—	—	—	—	—	—
Canada	3,735 8.18%	3,900 7.54%	4,287 7.00%	3,902 7.42%	3,015 6.85%	2,390 6.72%	2,820 7.18%	—	—	—	—	—	—	—	—
Central Europe and CIS	1,575 3.45%	1,488 2.88%	2,137 3.49%	2,289 4.35%	2,664 6.05%	2,072 5.83%	2,209 5.63%	—	—	—	—	—	—	—	—
Segment, Geographical, Groups of Countries, Group Two [Member] (Deprecated 2013-01-31)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	14,823 64.13%
Segment, Geographical, Groups of Countries, Group One [Member] (Deprecated 2013-01-31)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	7,961 34.44%
Segment Reconciling Items	—	—	—	—	—	—	—	—	—	—	—	—	—	—	328 1.42%
Other, not broken out	—	—	—	—	—	—	—	755 2.02%	918 3.09%	563 2.11%	497 1.72%	529 1.47%	448 1.19%	421 1.16%	—
Outside U.S. and Canada	—	—	—	—	—	—	15,512	—	—	—	—	—	—	—	—
U.S. and Canada	—	—	—	—	—	—	23,746	—	—	—	—	—	—	—	—
Revenue	45,684	51,716	61,251	52,577	44,024	35,540	39,258	37,358	29,738	26,644	28,863	36,067	37,795	36,157	23,112

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2009
U.S. and Canada	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Outside U.S. and Canada	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Segment, Geographical, Groups of Countries, Group Two [Member] (Deprecated 2013-01-31)	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Segment, Geographical, Groups of Countries, Group One [Member] (Deprecated 2013-01-31)	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Remaining performance obligations	Q3 FY2026	$1.9B	$1.8B	+2.63%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q2 FY2020	Q1 FY2020	Q4 FY2019	Q3 FY2019	Q2 FY2019	Q1 FY2019
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.

Deere & Company (DE) revenue by segment, product and region

Where the money comes from and where it goes

Revenue by product or service $m

Gross profit by product or service $m, and margin

Revenue by segment $m

Operating income by segment $m, and margin

Revenue by region $m

Operating income by segment $m, and margin

Operating figures as reported in each quarter’s results release or filing

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