Complete financial analysis of Deere & Company (DE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Deere & Company, a leading company in the Agricultural – Machinery industry within the Industrials sector.
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Deere & Company (DE)
About Deere & Company
Deere & Company manufactures and distributes various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers. The Small Agriculture and Turf segment offers utility tractors, and related loaders and attachments; turf and utility equipment, including riding lawn equipment, commercial mowing equipment, golf course equipment, and utility vehicles, as well as implements for mowing, tilling, snow and debris handling, aerating, residential, commercial, golf, and sports turf care applications; other outdoor power products; and hay and forage equipment. This segment also resells products from other manufacturers. It serves dairy and livestock producers, crop producers, and turf and utility customers. The Construction and Forestry segment provides a range of backhoe loaders, crawler dozers and loaders, four-wheel-drive loaders, excavators, motor graders, articulated dump trucks, landscape and skid-steer loaders, milling machines, pavers, compactors, rollers, crushers, screens, asphalt plants, log skidders, log feller bunchers, log loaders and forwarders, log harvesters, and attachments; and roadbuilding equipment. The Financial Services segment finances sales and leases agriculture and turf, and construction and forestry equipment. It also offers wholesale financing to dealers of the foregoing equipment; and extended equipment warranties, as well as finances retail revolving charge accounts. Deere & Company was founded in 1837 and is headquartered in Moline, Illinois.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 44.76B | 61.22B | 52.58B | 43.03B | 34.72B | 38.38B | 36.46B | 28.62B | 25.90B | 28.16B | 35.24B | 37.11B | 35.48B | 31.39B | 25.40B | 22.60B | 28.29B | 24.08B | 22.15B | 21.93B | 19.99B | 15.53B | 13.95B | 13.29B | 12.96B | 11.52B | 13.63B | 12.62B | 11.13B | 10.12B | 8.97B | 7.69B | 6.93B | 7.03B | 7.85B | 6.23B | 5.36B | 4.13B | 3.52B | 4.06B |
| Cost of Revenue | 30.78B | 40.11B | 35.34B | 29.12B | 23.68B | 26.79B | 25.57B | 19.93B | 18.25B | 20.14B | 24.78B | 25.67B | 25.01B | 21.92B | 17.40B | 16.26B | 21.01B | 16.25B | 15.36B | 16.12B | 14.22B | 11.29B | 10.11B | 9.85B | 8.61B | 7.90B | 8.99B | 8.21B | 7.15B | 6.69B | 5.79B | 5.15B | 4.68B | 4.72B | 5.26B | 4.83B | 4.18B | 3.45B | 3.03B | 3.16B |
| Gross Profit | 13.98B | 21.12B | 17.24B | 13.92B | 11.05B | 11.59B | 10.89B | 8.68B | 7.65B | 8.01B | 10.47B | 11.45B | 10.47B | 9.47B | 8.00B | 6.34B | 7.29B | 7.83B | 6.79B | 5.81B | 5.77B | 4.25B | 3.84B | 3.44B | 4.36B | 3.62B | 4.63B | 4.41B | 3.98B | 3.42B | 3.18B | 2.54B | 2.25B | 2.32B | 2.59B | 1.40B | 1.19B | 684.40M | 481.90M | 899.80M |
| Gross Profit Ratio | 31.24% | 34.49% | 32.79% | 32.34% | 31.81% | 30.19% | 29.86% | 30.34% | 29.54% | 28.46% | 29.70% | 30.84% | 29.52% | 30.17% | 31.50% | 28.07% | 25.75% | 32.51% | 30.64% | 26.51% | 28.86% | 27.33% | 27.50% | 25.88% | 33.60% | 31.43% | 34.01% | 34.93% | 35.76% | 33.84% | 35.44% | 33.00% | 32.45% | 32.96% | 33.00% | 22.49% | 22.10% | 16.55% | 13.70% | 22.16% |
| Research & Development | 2.29B | 2.18B | 1.91B | 1.59B | 1.64B | 1.78B | 1.66B | 1.37B | 1.39B | 1.43B | 1.45B | 1.48B | 1.43B | 1.23B | 1.05B | 977.00M | 943.10M | 816.80M | 725.80M | 677.30M | 611.60M | 577.30M | 527.80M | 590.10M | 542.10M | 458.40M | 444.40M | 412.30M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 4.51B | 4.62B | 3.91B | 3.44B | 3.68B | 3.69B | 3.46B | 3.07B | 2.76B | 2.87B | 3.28B | 3.61B | 3.42B | 3.17B | 2.97B | 2.78B | 2.96B | 3.19B | 2.87B | 2.22B | 2.45B | 2.07B | 0.00 | 2.11B | 1.89B | 1.96B | 1.89B | 1.87B | 2.08B | 1.83B | 1.76B | 1.59B | 1.57B | 1.52B | 1.40B | 1.25B | 711.20M | 734.10M | 766.60M | 730.50M |
| Selling & Marketing | 0.00 | -1.02B | -49.00M | -52.00M | -200.00M | -143.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 4.51B | 3.60B | 3.86B | 3.38B | 3.48B | 3.55B | 3.46B | 3.07B | 2.76B | 2.87B | 3.28B | 3.61B | 3.42B | 3.17B | 2.97B | 2.78B | 2.96B | 3.19B | 2.87B | 2.22B | 2.45B | 2.07B | 2.07B | 2.11B | 1.89B | 1.96B | 1.89B | 1.87B | 2.08B | 1.83B | 1.76B | 1.59B | 1.57B | 1.52B | 1.40B | 1.25B | 711.20M | 734.10M | 766.60M | 730.50M |
| Other Expenses | 0.00 | 0.00 | 1.28B | 1.34B | 1.61B | 1.58B | 900.40M | 1.12B | 745.50M | 706.50M | 824.20M | 682.40M | 674.90M | 623.80M | 606.10M | 514.20M | 539.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 647.90M | 513.30M | 418.00M | 365.60M | 311.40M | 283.10M | 256.70M | 257.20M | 250.40M | 209.20M | 203.80M | 192.90M | 187.50M | 185.70M | 202.60M | 194.50M |
| Operating Expenses | 7.13B | 5.78B | 7.05B | 6.31B | 6.73B | 6.91B | 6.51B | 5.75B | 5.41B | 5.26B | 5.83B | 5.90B | 5.63B | 5.11B | 4.77B | 4.48B | 4.18B | 4.00B | 3.59B | 2.90B | 3.06B | 2.65B | 2.60B | 2.70B | 3.08B | 2.93B | 2.75B | 2.65B | 2.39B | 2.11B | 2.02B | 1.85B | 1.82B | 1.73B | 1.60B | 1.44B | 898.70M | 919.80M | 969.20M | 925.00M |
| Cost & Expenses | 37.91B | 45.88B | 42.39B | 35.43B | 30.41B | 33.70B | 32.08B | 25.68B | 23.66B | 25.40B | 30.61B | 31.57B | 30.64B | 27.03B | 22.17B | 20.73B | 25.19B | 20.26B | 18.96B | 19.01B | 17.28B | 13.93B | 12.71B | 12.55B | 11.68B | 10.83B | 11.74B | 10.86B | 9.54B | 8.81B | 7.81B | 7.00B | 6.50B | 6.45B | 6.86B | 6.27B | 5.08B | 4.37B | 4.00B | 4.09B |
| Interest Income | 0.00 | 0.00 | 14.00M | 41.00M | 26.00M | 25.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 3.35B | 2.45B | 1.06B | 993.00M | 1.25B | 1.47B | 1.20B | 899.50M | 763.70M | 680.00M | 664.00M | 741.30M | 782.80M | 759.40M | 811.40M | 1.04B | 1.14B | 583.70M | 268.90M | 390.20M | 240.00M | 374.40M | 393.30M | 601.90M | 326.50M | 80.60M | 97.40M | 66.00M | 177.80M | 25.40M | 147.40M | 1.55B | 336.20M | 770.20M | 357.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 2.12B | 2.00B | 1.90B | 2.05B | 2.12B | 2.02B | 1.93B | 1.72B | 1.56B | 1.38B | 1.31B | 1.14B | 1.00B | 914.90M | 914.80M | 873.30M | 831.00M | 744.40M | 691.40M | 636.50M | 621.00M | 631.40M | 725.30M | 718.30M | 647.90M | 513.30M | 418.00M | 365.60M | 311.40M | 283.10M | 256.70M | 257.20M | 250.40M | 209.20M | 203.80M | 192.90M | 187.50M | 185.70M | 202.60M | 194.50M |
| EBITDA | 14.67B | 17.04B | 11.03B | 10.41B | 7.72B | 8.14B | 6.61B | 5.30B | 4.70B | 5.20B | 6.91B | 7.25B | 6.83B | 6.06B | 5.08B | 3.62B | 3.91B | 4.03B | 3.88B | 3.19B | 2.98B | 1.99B | 1.70B | 1.27B | 1.75B | 967.80M | 2.09B | 1.94B | 1.79B | 1.41B | 1.34B | 984.30M | 638.70M | 954.00M | 1.15B | 152.80M | 281.00M | -49.70M | -284.70M | 169.30M |
| EBITDA Ratio | 32.78% | 27.83% | 22.98% | 24.74% | 20.87% | 19.73% | 19.75% | 20.16% | 17.56% | 17.20% | 19.20% | 19.84% | 18.38% | 18.79% | 18.71% | 14.41% | 13.83% | 16.75% | 15.33% | 14.54% | 14.89% | 12.78% | 12.16% | 9.58% | 13.53% | 8.40% | 15.34% | 15.40% | 16.05% | 13.96% | 14.94% | 12.79% | 9.22% | 13.56% | 14.71% | -13.49% | 5.24% | -6.27% | -13.16% | -0.52% |
| Operating Income | 6.85B | 15.34B | 10.19B | 8.60B | 5.13B | 5.55B | 4.04B | 2.37B | 2.19B | 2.73B | 4.76B | 5.45B | 4.71B | 4.20B | 3.01B | 1.32B | 3.08B | 3.29B | 2.70B | 2.55B | 2.35B | 1.35B | 970.80M | 555.60M | 1.11B | 454.50M | 1.67B | 1.58B | 1.47B | 1.13B | 1.08B | 727.10M | 388.30M | 744.80M | 950.30M | -1.03B | 93.50M | -445.10M | -665.20M | -215.70M |
| Operating Income Ratio | 15.31% | 25.05% | 19.38% | 19.97% | 14.77% | 14.47% | 11.09% | 8.28% | 8.46% | 9.69% | 13.52% | 14.69% | 13.26% | 13.38% | 11.83% | 5.85% | 10.89% | 13.65% | 12.21% | 11.64% | 11.78% | 8.72% | 6.96% | 4.18% | 8.53% | 3.94% | 12.28% | 12.50% | 13.25% | 11.16% | 12.08% | 9.45% | 5.60% | 10.59% | 12.11% | -16.59% | 1.74% | -10.77% | -18.92% | -5.31% |
| Total Other Income/Expenses | 2.35B | -2.32B | -1.06B | -842.00M | -1.18B | -1.58B | -304.30M | -895.50M | -260.90M | 26.40M | -645.00M | -377.30M | -236.80M | -135.60M | -205.40M | -527.60M | 42.00M | -612.90M | -637.30M | -445.60M | -254.00M | -628.50M | -637.10M | -765.70M | -326.50M | -318.60M | -308.40M | -244.10M | -223.80M | -208.90M | -225.20M | -407.30M | -374.80M | -610.10M | -396.20M | 587.30M | 226.20M | 23.70M | -25.90M | -8.80M |
| Income Before Tax | 9.21B | 13.02B | 9.13B | 7.60B | 3.88B | 4.09B | 4.07B | 3.15B | 2.22B | 2.78B | 4.80B | 5.48B | 4.73B | 4.22B | 3.03B | 1.34B | 3.12B | 2.68B | 2.17B | 2.16B | 2.11B | 971.30M | 602.70M | -24.80M | 779.30M | 373.90M | 1.58B | 1.51B | 1.30B | 1.10B | 935.80M | 281.60M | 52.10M | -25.40M | 593.10M | 547.20M | 319.70M | -211.70M | -513.20M | -34.00M |
| Income Before Tax Ratio | 20.57% | 21.27% | 17.36% | 17.67% | 11.18% | 10.65% | 11.17% | 11.02% | 8.59% | 9.87% | 13.61% | 14.77% | 13.34% | 13.45% | 11.91% | 5.93% | 11.04% | 11.11% | 9.81% | 9.83% | 10.58% | 6.25% | 4.32% | -0.19% | 6.01% | 3.25% | 11.56% | 11.98% | 11.66% | 10.91% | 10.44% | 3.66% | 0.75% | -0.36% | 7.56% | 8.78% | 5.96% | -5.12% | -14.59% | -0.84% |
| Income Tax Expense | 2.09B | 2.87B | 2.01B | 1.66B | 1.08B | 852.00M | 1.73B | 971.10M | 700.10M | 840.10M | 1.63B | 1.95B | 1.66B | 1.42B | 1.16B | 460.00M | 1.11B | 883.00M | 741.60M | 715.10M | 708.50M | 336.90M | 258.30M | 17.70M | 293.80M | 134.70M | 553.90M | 550.90M | 479.80M | 397.80M | 332.20M | 97.20M | 14.70M | -5.20M | 182.00M | 167.00M | 33.00M | -112.70M | -283.90M | -64.50M |
| Net Income | 7.10B | 10.17B | 7.13B | 5.96B | 2.75B | 3.25B | 2.37B | 2.16B | 1.52B | 1.94B | 3.16B | 3.54B | 3.06B | 2.80B | 1.87B | 873.50M | 2.05B | 1.82B | 1.69B | 1.45B | 1.41B | 643.10M | 319.20M | -64.00M | 485.50M | 239.20M | 1.02B | 960.10M | 817.30M | 706.10M | 603.60M | -920.90M | 37.40M | -20.20M | 411.10M | 380.20M | 286.70M | -99.00M | -229.30M | 30.50M |
| Net Income Ratio | 15.86% | 16.61% | 13.56% | 13.86% | 7.92% | 8.48% | 6.50% | 7.54% | 5.88% | 6.89% | 8.97% | 9.53% | 8.64% | 8.92% | 7.34% | 3.87% | 7.26% | 7.56% | 7.65% | 6.60% | 7.04% | 4.14% | 2.29% | -0.48% | 3.75% | 2.08% | 7.50% | 7.61% | 7.34% | 6.98% | 6.73% | -11.97% | 0.54% | -0.29% | 5.24% | 6.10% | 5.34% | -2.39% | -6.52% | 0.75% |
| EPS | 25.72 | 34.79 | 23.42 | 19.14 | 8.78 | 10.28 | 7.34 | 6.76 | 4.83 | 5.81 | 8.71 | 9.18 | 7.72 | 6.71 | 4.40 | 2.07 | 4.76 | 4.05 | 3.63 | 2.98 | 2.85 | 1.34 | 0.67 | -0.14 | 1.03 | 0.52 | 2.10 | 1.89 | 1.57 | 1.36 | 1.17 | -1.98 | 0.08 | -0.05 | 0.91 | 0.85 | 0.68 | -0.24 | -0.56 | 0.08 |
| EPS Diluted | 25.62 | 34.63 | 23.28 | 18.99 | 8.69 | 10.15 | 7.24 | 6.68 | 4.81 | 5.77 | 8.63 | 9.09 | 7.63 | 6.63 | 4.35 | 2.06 | 4.70 | 4.00 | 3.59 | 2.94 | 2.78 | 1.32 | 0.67 | -0.14 | 1.03 | 0.51 | 2.08 | 1.87 | 1.56 | 1.35 | 1.16 | -1.98 | 0.08 | -0.05 | 0.90 | 0.84 | 0.65 | -0.24 | -0.56 | 0.08 |
| Weighted Avg Shares Out | 276.00M | 292.20M | 304.50M | 311.60M | 313.50M | 316.50M | 322.60M | 319.50M | 315.20M | 333.60M | 363.00M | 385.30M | 397.10M | 417.40M | 424.00M | 422.80M | 431.10M | 449.30M | 466.80M | 486.60M | 494.40M | 479.93M | 476.42M | 474.07M | 469.08M | 464.47M | 486.38M | 507.99M | 520.57M | 521.11M | 515.90M | 465.10M | 467.50M | 448.89M | 454.25M | 449.94M | 424.74M | 404.08M | 405.84M | 406.67M |
| Weighted Avg Shares Out (Dil) | 277.10M | 293.60M | 306.30M | 314.00M | 316.60M | 320.60M | 327.30M | 323.30M | 316.60M | 336.00M | 366.10M | 389.20M | 401.50M | 422.40M | 428.60M | 424.40M | 436.30M | 455.00M | 471.60M | 492.80M | 506.20M | 487.20M | 480.00M | 474.07M | 471.36M | 469.02M | 491.06M | 513.42M | 525.59M | 524.98M | 520.34M | 465.10M | 467.50M | 448.89M | 459.33M | 455.33M | 441.08M | 404.08M | 405.84M | 406.67M |
These Analysts Boost Their Forecasts On Deere Following Upbeat Earnings
Deere & Co DE reported better-than-expected third-quarter results and reaffirmed its net income 2024 outlook on Thursday.
I'm Buying Much More As Deere Surprises When It Matters Most
Deere & Company benefits from global tailwinds, market leadership, and resilient dividend growth. Despite short-term headwinds, Deere is positioned for a rebound with proactive measures and advanced technology integration. Analysts are cautious about Deere's future, but the company's long-term potential...
Deere & Company (DE) Q3 2024 Earnings Call Transcript
Deere & Company (NYSE:DE ) Q3 2024 Results Conference Call August 15, 2024 10:00 AM ET Company Participants Josh Beal - Director of IR Josh Rohleder - Manager of Investor Communications John May - Chief Executive Officer Luke Gakstatter -...
Deere's Q3 Earnings: When Bad News Is Good News
Deere's earnings report showed declining net income and EPS, but sales beat expectations and the dividend appears to be safe. Despite weakening sales and cash flow, Deere remains a long-term buy due to industry leadership and potential for future demand...
Deere surges 4% on Q3 earnings beat despite revenue decline: Here's why
Deere & Co. saw its stock rise following strong earnings, with the company recently making headlines for shunning its woke policies.
Deere (DE) Q3 Earnings Top Estimates, Fall Y/Y on Low Volumes
Deere (DE) expects net income for fiscal 2024 to be $7 billion, which implies a year-over-year decline of 31%, anticipating weak demand in its end markets.
Deere (DE) Reports Q3 Earnings: What Key Metrics Have to Say
The headline numbers for Deere (DE) give insight into how the company performed in the quarter ended July 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Deere Jumps On Q2 Beat; But Rapid Ag Sector Deflation Hits This Equipment Leader
Titan Machinery stock sank early Thursday after reporting preliminary Q2 earnings and cutting its 2025 profit view.
Deere's Earnings Beat Estimates Despite Slowing Sales
Deere & Company (DE) reported third-quarter earnings that beat expectations, despite a year-over-year decline as the company faced "significant headwinds" in the agriculture and construction industries.
Even Though It's Down 20% in the Last Year, I Have High Hopes for This Dividend Stock Over the Next 5 Years
Deere is finally cooling off after a meteoric expansion period. Cyclicality is simply par for the course when it comes to investing in Deere.
Source: https://incomestatements.info
Category: Stock Reports