Deere & Company (DE) Financial Statements & Analysis

Deere & Company (DE) Income Statement

Deere & Company reported revenue of $45.63B in fiscal 2025 (fiscal year ended Nov 2, 2025), down 9.7% from $50.52B a year earlier. Net income was $5.03B, down 29.2% year over year, a net margin of 11.0%. Gross margin was 38.4% and operating margin 20.7%. In the most recent quarter, Q3 fiscal 2026 (ended Aug 2, 2026), revenue was $12.61B, up 7.0% from the same quarter a year earlier.

Deere & Company Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Deere & Company income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Nov 2025	Oct 2025	Oct 2024	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017
Revenue & Gross Profit
Revenue	45.63	44.67	50.52	60.25	51.28	43.03	34.72	38.38	36.46	28.62
Cost of Revenue	28.15	28.37	31.02	37.94	35.55	29.32	23.87	27.02	25.78	20.03
Gross Profit	17.53	16.30	19.50	22.31	15.73	13.72	10.86	11.36	10.68	8.58
Operating Expenses
Research & Development	2.31	2.31	2.29	2.18	1.91	1.59	1.64	1.78	1.66	1.37
Selling, General & Administrative	3.70	4.24	4.51	4.31	3.65	3.20	3.45	3.48	3.47	3.13
Operating Expenses	8.10	7.88	8.07	7.72	6.70	6.05	6.49	6.53	6.30	5.65
Operating Income	9.43	8.42	11.43	14.59	9.03	7.66	4.37	4.83	4.38	2.93
Other Income/Expense
Interest Income	0.06	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	-0.25	3.17	3.35	2.45	1.06	0.99	1.25	1.47	1.20	0.90
Other Income/Expense	-3.17	-2.16	1.13	0.88	1.16	-0.04	-0.53	-0.73	-0.28	0.20
Income
Income Before Tax	6.26	6.26	9.21	13.02	9.13	7.62	3.84	4.11	4.10	3.13
Income Tax Expense	1.26	1.26	2.09	2.87	2.01	1.66	1.08	0.85	1.73	0.97
Net Income	5.03	5.03	7.10	10.17	7.13	5.96	2.75	3.25	2.37	2.16
Net Income - Continuous Operations	-	5.03	7.09	10.16	7.13	5.96	2.75	3.25	2.37	2.16
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	8.61	11.66	14.67	17.48	12.08	10.65	7.25	7.57	7.20	5.77
EBIT	6.61	9.43	12.55	15.47	10.19	7.93	-	-	-	-
Depreciation & Amortization	2.00	2.23	0.87	0.85	0.83	2.05	2.12	2.02	1.93	1.72
Earnings Per Share
Basic EPS	19.00	19.00	26.00	35.00	23.00	19.00	9.00	10.00	7.00	7.00
Diluted EPS	19.00	19.00	26.00	35.00	23.00	19.00	9.00	10.00	7.00	7.00
Basic Shares Outstanding	0.27	0.27	0.28	0.29	0.30	0.31	0.31	0.32	0.32	0.32
Diluted Shares Outstanding	0.27	0.27	0.28	0.29	0.31	0.31	0.32	0.32	0.33	0.32

Source: Company financial statements from annual and quarterly filings. Data as of Aug 2, 2026. Data sources and methodology

Frequently Asked Questions About Deere & Company Financial Statements

What was Deere & Company's revenue in fiscal 2025?

Deere & Company reported revenue of $45.63B in fiscal 2025 (fiscal year ended Nov 2, 2025). That was down 9.7% from $50.52B a year earlier.

Is Deere & Company profitable?

Yes. Deere & Company earned net income of $5.03B in fiscal 2025, a net margin of 11.0%. In fiscal 2024 it earned $7.10B.

What is Deere & Company's operating margin?

Deere & Company's operating income was $9.43B on revenue of $45.63B in fiscal 2025, an operating margin of 20.7%, compared with 22.6% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition