Loading company financials…
NEW YORK STOCK EXCHANGE, INC. · Machinery · CIK 0000315189
$643.62
+1.11% · live
Updated
$174.03B market value
From DEERE & CO's FY2025 10-K, filed Dec 18, 2025 · read the filing
DEERE & makes industrial machinery and equipment. It took in $45.68B last year, which makes it a large company. Of every dollar it sells, about 11 cents is left as profit.
The financial picture is led by profitability and debt, while growth remain weak.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
Generally healthy, with a few things to watch.
From DEERE & CO's FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Profit
$7.10B → $5.03B
Free cash flow
$7.59B → $6.10B
Earnings per share
$26.12 → $18.59
Capital spending
$1.64B → $1.36B
Measured against FY2024, from the 10-K filed Dec 18, 2025
Deteriorated: -29.2%
$7.10B to $5.03BSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote live), and what was published around it
DE rose 1.11% on the latest quote. The average Industrials company tracked here moved +0.35%, and the S&P 500 −1.04%. That is 0.8 points above its sector and 2.2 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to grow by about 11% a year for the next 10 years. Over the last 10 years it grew by about 7% a year.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 11 cents of every dollar of sales as profit, earning $5.03B last year.
No. Sales shrank 11.7% last year.
No. Its borrowings would take under a year of cash flow to clear. For every $1 it owes, it owns $1.33 in assets.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It pays out 34 cents of every dollar of profit and keeps the rest, which leaves the payment comfortably covered. It paid out 23% of the cash its operations generated. It has paid in each of the last 12 years.
GoodNext payment expected around , projected from how regularly it has paid before rather than from a date the company has announced.
Figures from the FY2025 annual filing
Last year it earned $5.03B and generated $7.46B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Dec 18, 2025Filing for FY2025 | FY202410-K · Dec 12, 2024Filing for FY2024 | FY202310-K · Dec 15, 2023Filing for FY2023 | FY202210-K · Dec 15, 2022Filing for FY2022 | FY202110-K · Dec 16, 2021Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $45.68B | $51.72B | $61.25B | $52.58B | $44.02B | −11.7% |
| Selling, general and administrative | $4.66B | $4.84B | $4.59B | $3.86B | $3.38B | −3.7% |
| Operating income | — | $9.04B | $12.96B | $9.51B | $8.01B | — |
| Operating marginOperating income ÷ revenueWhat is this? | — | 17.5% | 21.2% | 18.1% | 18.2% | — |
| Interest expense | $3.17B | $3.35B | $2.45B | $1.06B | $993.0M | −5.3% |
| Income before tax | $6.26B | $9.21B | $13.02B | $9.13B | $7.60B | −32.0% |
| Net income | $5.03B | $7.10B | $10.17B | $7.13B | $5.96B | −29.2% |
| Net marginNet income ÷ revenueWhat is this? | 11.0% | 13.7% | 16.6% | 13.6% | 13.5% | −2.7 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $18.59 | $26.12 | $36.10 | $23.91 | $19.40 | −28.8% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Exercised stock options — 1,079 shares at $254.83 ($275.0K)
Holds 28,271 shares after this filing.
Exercised stock options — 1,775 shares at $343.94 ($610.5K)
Holds 30,046 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Quarterly report for Q3 FY2026
Profit +7.0% · Earnings per share +7.3% — against Q3 FY2025
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingWrite down why you are following DEERE & CO, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 29 subsidiaries named in its 10-K, incorporated across 20 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from DE's 10-K for fiscal year 2025 (period ending 2025-11-02, filed Dec 18, 2025), reported under the US GAAP taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 6 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 7.3 | 4/6 | 10-K, filed Dec 18, 2025 |
| FY2024 | 7.3 | 4/6 | 10-K, filed Dec 12, 2024 |
| FY2023 | 10.0 | 5/6 | 10-K, filed Dec 15, 2023 |
| FY2022 | 10.0 | 5/6 | 10-K, filed Dec 15, 2022 |
| FY2021 | 8.7 | 7/7 | 10-K, filed Dec 16, 2021 |
| FY2020 | 4.7 | 4/7 | 10-K, filed Dec 17, 2020 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
4 of 6 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. 3 could not be evaluated and are excluded from the total rather than counted as failures.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Deteriorated: -19.7%
$7.59B to $6.10BSignificant
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Deteriorated: -28.8%
$26.12 to $18.59Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Changed: -17.1%
$1.64B to $1.36BSignificant
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Deteriorated: -11.7%
$51.72B to $45.68BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Deteriorated: −2.7 pts
13.7% to 11.0%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +13.0%
$7.32B to $8.28BNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Changed: +7.2%
$1.60B to $1.72BNotable
Why it matters: Cash handed to shareholders. A rise can be a higher dividend or simply more shares, and a cut is a decision the company explains in its own filing — neither is rated here.
Q3 FY2026 against Q3 FY2025, from the 10-Q filed Aug 27, 2026 — read it.
Improved: +7.0%
$1.29B to $1.38BNotable
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +7.3%
$4.77 to $5.11Notable
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Q3 FY2026 against Q2 FY2026, from the 10-Q filed Aug 27, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Deteriorated: -22.2%
$1.77B to $1.38BSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: -22.1%
$6.57 to $5.11Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: -5.7%
$13.37B to $12.61BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Deteriorated: −2.3 pts
13.3% to 10.9%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +12.9%
$7.91B to $8.93BNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
1 other measure barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
Loading price history…
Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between 8% and 13%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Opinions from 34 analysts covering this company, as of . Their views, not this site's.
Of 34 analysts publishing on this company, 7 say strong buy, 17 say buy and 10 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 2.1% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 34.1x — a high multiple relative to the current trailing profit.
This company has not reported enough of the required figures to calculate this score.
Exercised stock options — 1,049 shares at $438.44 ($459.9K)
Holds 31,095 shares after this filing.
Exercised stock options — 957 shares at $377.01 ($360.8K)
Holds 32,052 shares after this filing.
Sold on the open market — 2,929 shares at $650.18 ($1.9M)
Holds 29,123 shares after this filing.
Sold on the open market — 975 shares at $651.43 ($635.1K)
Holds 28,148 shares after this filing.
Sold on the open market — 363 shares at $652.75 ($236.9K)
Holds 27,785 shares after this filing.
Sold on the open market — 391 shares at $654.22 ($255.8K)
Holds 27,394 shares after this filing.
Sold on the open market — 199 shares at $655.91 ($130.5K)
Holds 27,195 shares after this filing.
Sold on the open market — 3 shares at $656.64 ($2.0K)
Holds 27,192 shares after this filing.
Exercised stock options — 1,648 shares at $254.83 ($420.0K)
Holds 28,840 shares after this filing.
Exercised stock options — 2,762 shares at $343.94 ($950.0K)
Holds 31,602 shares after this filing.
Exercised stock options — 1,885 shares at $438.44 ($826.5K)
Holds 33,487 shares after this filing.
Exercised stock options — 1,544 shares at $377.01 ($582.1K)
Holds 35,031 shares after this filing.
Sold on the open market — 2,654 shares at $650.40 ($1.7M)
Holds 32,377 shares after this filing.
Sold on the open market — 373 shares at $651.31 ($242.9K)
Holds 32,004 shares after this filing.
Sold on the open market — 120 shares at $652.60 ($78.3K)
Holds 31,884 shares after this filing.
Sold on the open market — 360 shares at $653.78 ($235.4K)
Holds 31,524 shares after this filing.
Sold on the open market — 1,280 shares at $654.45 ($837.7K)
Holds 30,244 shares after this filing.
Sold on the open market — 1,560 shares at $655.45 ($1.0M)
Holds 28,684 shares after this filing.
Sold on the open market — 336 shares at $656.33 ($220.5K)
Holds 28,348 shares after this filing.
Sold on the open market — 528 shares at $657.43 ($347.1K)
Holds 27,820 shares after this filing.
Sold on the open market — 120 shares at $658.64 ($79.0K)
Holds 27,700 shares after this filing.
Sold on the open market — 508 shares at $659.87 ($335.2K)
Holds 27,192 shares after this filing.
Exercised stock options — 5,946 shares at $254.83 ($1.5M)
Holds 33,138 shares after this filing.
Exercised stock options — 7,674 shares at $343.94 ($2.6M)
Holds 40,812 shares after this filing.
Exercised stock options — 5,069 shares at $438.44 ($2.2M)
Holds 45,881 shares after this filing.
Exercised stock options — 4,571 shares at $377.01 ($1.7M)
Holds 50,452 shares after this filing.
Sold on the open market — 11,546 shares at $650.31 ($7.5M)
Holds 38,906 shares after this filing.
Sold on the open market — 6,696 shares at $651.47 ($4.4M)
Holds 32,210 shares after this filing.
Sold on the open market — 2,637 shares at $652.30 ($1.7M)
Holds 29,573 shares after this filing.
Sold on the open market — 2,341 shares at $653.30 ($1.5M)
Holds 27,232 shares after this filing.
Sold on the open market — 40 shares at $654.05 ($26.2K)
Holds 27,192 shares after this filing.
Had shares withheld to cover taxes — 19 shares at $608.85 ($11.6K)
Holds 1,094 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 4,860 shares ($3.2M) on or after .
Shares originally obtained via Stock Option Exercise.
Filed notice to sell 7,839 shares ($5.1M) on or after .
Shares originally obtained via Stock Option Exercise.
Filed notice to sell 23,260 shares ($15.1M) on or after .
Shares originally obtained via Stock Option Exercise.
Filed notice to sell 1,683 shares ($1.0M) on or after .
Shares originally obtained via Stock Option Exercise.
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Reported another event
Had a director or senior officer leave or join
Read the filingQuarterly report for Q2 FY2026
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingHad a director or senior officer leave or join · Made a Regulation FD disclosure
Read the filingHad a director or senior officer leave or join
Read the filingHeld a shareholder vote
Read the filingQuarterly report for Q1 FY2026
Revenue +13.0% · Profit margin −3.4 pts · Profit -24.5% — against Q1 FY2025
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingHad a director or senior officer leave or join
Read the filingProxy statement for a shareholder meeting
Read the filingAnnual report for FY2025
Revenue -11.7% · Profit margin −2.7 pts · Profit -29.2% — against FY2024
Read the filingHad a director or senior officer leave or join · Made a Regulation FD disclosure
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingReported another event
Read the filingHad a director or senior officer leave or join · Made a Regulation FD disclosure
Read the filingQuarterly report for Q3 FY2025
Revenue -8.6% · Profit margin −2.5 pts · Profit -25.7% — against Q3 FY2024
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingSource: Exhibit 21 of the 10-K filed 2025-12-18. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
Coverage from the last 30 days
Why the Market Dipped But Deere (DE) Gained Today
Yahoo ·
What Really Drove Deere Stock Higher?
Yahoo ·
North America Cordless Garden Equipment Market Forecasts Growth from $4.6 Billion (2025) to $10.3 Billion by 2035, Profiling John Deere, The Toro Company, Husqvarna, EGO Power+ & 11 Other Key Players
Yahoo ·
Zacks Investment Ideas feature highlights: SpaceX, Tesla, United Airlines, Carnival, Maersk and Deere
Yahoo ·
SpaceX (SPCX) Stock Surges After Q3 Earnings: Time to Buy?
Yahoo ·
How Big Could Caterpillar Stock's Next Fall Be?
Yahoo ·
KUBTY or DE: Which Is the Better Value Stock Right Now?
Yahoo ·
CAT Keeps Dividend Unchanged: Is Another Hike on the Horizon?
Yahoo ·
Caterpillar vs. Deere: The Better Heavy Equipment Stock for the Data Center Boom
Yahoo ·
Postmarket Movers: Oct. 19 After-Hours Gainers and Losers
ChartMill ·
Australia Agricultural Equipment Market Report 2026-2031 | Precision Farming, Electrification, and Crop Exports Drive Growth to USD 2.73 Billion
Yahoo ·
Honeywell Technologies to Post Q3 Earnings: What's in the Offing?
Yahoo ·
Primary sources and further research