InsiderClue
Stocks · Industrials · Farm Machinery & Equipment

Deere & Company

DE Clue Score53
United States Fiscal year ends November CIK 0000315189
$620.93 -4.85% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $620.93 +86.70% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue26.64Operating income2.59Net income1.52EPS, diluted4.81Fiscal year 2017Revenue29.74 +11.6%Operating income3.57Net income2.16 +41.7%EPS, diluted6.68 +38.9%Fiscal year 2018Revenue37.36 +25.6%Operating income4.48Net income2.37 +9.7%EPS, diluted7.24 +8.4%Fiscal year 2019Revenue39.26 +5.1%Operating income4.42Net income3.25 +37.4%EPS, diluted10.15 +40.2%Fiscal year 2020Revenue35.54 −9.5%Operating income4.31Net income2.75 −15.4%EPS, diluted8.69 −14.4%Fiscal year 2021Revenue44.02 +23.9%Operating income8.01Net income5.96 +116.8%EPS, diluted18.99 +118.5%Fiscal year 2022Revenue52.58 +19.4%Operating income9.51Net income7.13 +19.6%EPS, diluted23.28 +22.6%Fiscal year 2023Revenue61.25 +16.5%Operating income12.96Net income10.17 +42.6%EPS, diluted34.63 +48.8%Fiscal year 2024Revenue51.72 −15.6%Operating income9.04Net income7.10 −30.2%EPS, diluted25.62 −26.0%Fiscal year 2025Revenue45.68 −11.7%Net income5.03 −29.2%EPS, diluted18.50 −27.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 26.64 29.74 37.36 39.26 35.54 44.02 52.58 61.25 51.72 45.68
Growth +11.6% +25.6% +5.1% −9.5% +23.9% +19.4% +16.5% −15.6% −11.7%
Operating income 2.59 3.57 4.48 4.42 4.31 8.01 9.51 12.96 9.04 n/a
Net income 1.52 2.16 2.37 3.25 2.75 5.96 7.13 10.17 7.10 5.03
Growth +41.7% +9.7% +37.4% −15.4% +116.8% +19.6% +42.6% −30.2% −29.2%
EPS, diluted 4.81 6.68 7.24 10.15 8.69 18.99 23.28 34.63 25.62 18.50
Growth +38.9% +8.4% +40.2% −14.4% +118.5% +22.6% +48.8% −26.0% −27.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin9.7%Net margin5.7%Free cash flow margin11.7%Fiscal year 2017Operating margin12.0%Net margin7.3%Free cash flow margin5.4%Fiscal year 2018Operating margin12.0%Net margin6.3%Free cash flow margin2.5%Fiscal year 2019Operating margin11.2%Net margin8.3%Free cash flow margin5.8%Fiscal year 2020Operating margin12.1%Net margin7.7%Free cash flow margin18.7%Fiscal year 2021Operating margin18.2%Net margin13.5%Free cash flow margin15.6%Fiscal year 2022Operating margin18.1%Net margin13.6%Free cash flow margin6.8%Fiscal year 2023Operating margin21.2%Net margin16.6%Free cash flow margin11.6%Fiscal year 2024Operating margin17.5%Net margin13.7%Free cash flow margin14.7%Fiscal year 2025Net margin11.0%Free cash flow margin13.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 9.7% 12.0% 12.0% 11.2% 12.1% 18.2% 18.1% 21.2% 17.5% n/a
Net margin 5.7% 7.3% 6.3% 8.3% 7.7% 13.5% 13.6% 16.6% 13.7% 11.0%
Free cash flow margin 11.7% 5.4% 2.5% 5.8% 18.7% 15.6% 6.8% 11.6% 14.7% 13.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow3.76Capital expenditure−0.64Free cash flow3.12Buybacks−0.21Dividends paid−0.76Fiscal year 2017Operating cash flow2.20Capital expenditure−0.60Free cash flow1.60 −48.7%Buybacks−0.01Dividends paid−0.76Fiscal year 2018Operating cash flow1.82Capital expenditure−0.90Free cash flow0.93 −42.2%Buybacks−0.96Dividends paid−0.81Fiscal year 2019Operating cash flow3.41Capital expenditure−1.12Free cash flow2.29 +147.5%Buybacks−1.25Dividends paid−0.94Fiscal year 2020Operating cash flow7.48Capital expenditure−0.82Free cash flow6.66 +190.7%Buybacks−0.75Dividends paid−0.96Fiscal year 2021Operating cash flow7.73Capital expenditure−0.85Free cash flow6.88 +3.2%Buybacks−2.54Dividends paid−1.04Fiscal year 2022Operating cash flow4.70Capital expenditure−1.13Free cash flow3.57 −48.2%Buybacks−3.60Dividends paid−1.31Fiscal year 2023Operating cash flow8.59Capital expenditure−1.50Free cash flow7.09 +98.9%Buybacks−7.22Dividends paid−1.43Fiscal year 2024Operating cash flow9.23Capital expenditure−1.64Free cash flow7.59 +7.1%Buybacks−4.01Dividends paid−1.61Fiscal year 2025Operating cash flow7.46Capital expenditure−1.36Free cash flow6.10 −19.7%Buybacks−1.14Dividends paid−1.72
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 3.76 2.20 1.82 3.41 7.48 7.73 4.70 8.59 9.23 7.46
Capital expenditure −0.64 −0.60 −0.90 −1.12 −0.82 −0.85 −1.13 −1.50 −1.64 −1.36
Free cash flow 3.12 1.60 0.93 2.29 6.66 6.88 3.57 7.09 7.59 6.10
Growth −48.7% −42.2% +147.5% +190.7% +3.2% −48.2% +98.9% +7.1% −19.7%
Buybacks −0.21 −0.01 −0.96 −1.25 −0.75 −2.54 −3.60 −7.22 −4.01 −1.14
Dividends paid −0.76 −0.76 −0.81 −0.94 −0.96 −1.04 −1.31 −1.43 −1.61 −1.72

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash4.34Total debt23.70Net cash (debt)−19.37Shareholders’ equity6.52Debt to equity3.64Fiscal year 2017Cash9.33Total debt25.89Net cash (debt)−16.56Shareholders’ equity9.56Debt to equity2.71Fiscal year 2018Cash3.90Total debt27.24Net cash (debt)−23.33Shareholders’ equity11.29Debt to equity2.41Fiscal year 2019Cash3.86Total debt30.23Net cash (debt)−26.37Shareholders’ equity11.41Debt to equity2.65Fiscal year 2020Cash7.07Total debt32.73Net cash (debt)−25.67Shareholders’ equity12.94Debt to equity2.53Fiscal year 2021Cash8.02Total debt32.89Net cash (debt)−24.87Shareholders’ equity18.43Debt to equity1.78Fiscal year 2022Cash4.77Shareholders’ equity20.26Fiscal year 2023Cash7.46Shareholders’ equity21.79Fiscal year 2024Cash7.32Shareholders’ equity22.84Fiscal year 2025Cash8.28Shareholders’ equity25.95
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 4.34 9.33 3.90 3.86 7.07 8.02 4.77 7.46 7.32 8.28
Total debt 23.70 25.89 27.24 30.23 32.73 32.89 n/a n/a n/a n/a
Net cash (debt) −19.37 −16.56 −23.33 −26.37 −25.67 −24.87 n/a n/a n/a n/a
Shareholders’ equity 6.52 9.56 11.29 11.41 12.94 18.43 20.26 21.79 22.84 25.95
Debt to equity 3.64 2.71 2.41 2.65 2.53 1.78 n/a n/a n/a n/a

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending November, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 30 Oct 2016 FY2016 31 Oct 2016 FY2017 29 Oct 2017 FY2018 28 Oct 2018 FY2019 3 Nov 2019 FY2020 1 Nov 2020 FY2021 31 Oct 2021 FY2022 30 Oct 2022 FY2023 29 Oct 2023 FY2024 27 Oct 2024 FY2025 2 Nov 2025
Margins
9.8% 9.7% 12.0% 12.0% 11.2% 12.1% 18.2% 18.1% 21.2% 17.5% n/a
8.3% 8.3% 10.6% 10.9% 10.4% 10.9% 17.3% 17.4% 21.3% 17.8% 13.7%
5.7% 5.7% 7.3% 6.3% 8.3% 7.7% 13.5% 13.6% 16.6% 13.7% 11.0%
11.7% 11.7% 5.4% 2.5% 5.8% 18.7% 15.6% 6.8% 11.6% 14.7% 13.4%
Spending
5.2% 5.2% 4.6% 4.4% 4.5% 4.6% 3.6% 3.6% 3.6% 4.4% 5.1%
10.5% 10.4% 10.4% 9.2% 9.0% 9.8% 7.7% 7.3% 7.5% 9.4% 10.2%
2.4% 2.4% 2.0% 2.4% 2.9% 2.3% 1.9% 2.2% 2.4% 3.2% 3.0%
31.5% 31.5% 30.8% 42.4% 20.8% 27.9% 21.8% 22.0% 22.1% 22.7% 20.1%
Returns
23.4% 23.4% 22.6% 21.0% 28.5% 21.3% 32.4% 35.2% 46.7% 31.1% 19.4%
2.6% 2.6% 3.3% 3.4% 4.5% 3.7% 7.1% 7.9% 9.8% 6.6% 4.7%
Balance and payout
3.64 3.64 2.71 2.41 2.65 2.53 1.78 n/a n/a n/a n/a
88.7% 88.7% 85.4% 83.9% 84.3% 82.8% 78.1% 77.4% 79.0% 78.6% 75.5%
50.0% 50.0% 35.4% 34.0% 29.0% 34.8% 17.4% 18.4% 14.0% 22.6% 34.2%
30.9% 31.0% 48.1% 190.5% 95.8% 25.6% 52.0% 137.7% 121.9% 73.9% 46.9%