Deere & Co (DE) financials
Deere revenue and earnings by year
Deere's revenue was $45.7 billion in the fiscal year to November 2, 2025, down 11.7% from the year before. Net income was $5.03 billion, 11.0% of revenue. Since the fiscal year to October 31, 2016, revenue has grown 6.2% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Nov 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 | Nov 2020 | Nov 2019 | Oct 2018 | Oct 2017 | Oct 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 45.7 | 51.7 | 61.3 | 52.6 | 44.0 | 35.5 | 39.3 | 37.4 | 29.7 | 26.6 |
| Revenue growth | -11.7% | -15.6% | 16.5% | 19.4% | 23.9% | -9.5% | 5.1% | 25.6% | 11.6% | — |
| Gross profit | 17.5 | 20.9 | 23.5 | 17.2 | 14.9 | 11.9 | 12.5 | 11.8 | 9.9 | 8.4 |
| Gross margin | 38.4% | 40.5% | 38.4% | 32.8% | 33.9% | 33.4% | 31.8% | 31.6% | 33.2% | 31.7% |
| Operating income | 9.4 | 12.6 | 15.5 | 10.2 | 8.6 | 5.1 | 5.6 | 5.3 | 4.1 | 3.0 |
| Operating margin | 20.6% | 24.3% | 25.3% | 19.4% | 19.5% | 14.4% | 14.1% | 14.1% | 13.6% | 11.2% |
| Net income | 5.0 | 7.1 | 10.2 | 7.1 | 6.0 | 2.8 | 3.3 | 2.4 | 2.2 | 1.5 |
| Net margin | 11.0% | 13.7% | 16.6% | 13.6% | 13.5% | 7.7% | 8.3% | 6.3% | 7.3% | 5.7% |
| Diluted EPS | $18.50 | $25.62 | $34.63 | $23.28 | $18.99 | $8.70 | $10.14 | $7.21 | $6.66 | — |
| Free cash flow | 5.1 | 6.4 | 6.1 | 3.0 | 7.2 | 6.6 | 1.6 | 0.4 | 1.0 | 2.1 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open DE in Markets.
How Deere makes money
Revenue by segment in the quarter to August 2, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Product | $11.0B | 87.2% |
| Financial Service | $1.35B | 10.7% |
| Other | $257M | 2.0% |
See also: DE valuation and P/E history · DE returns
No forecast, no recommendation. This page describes Deere & Co from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.