DE Deere & Company

XNYS Sideways Alert

Industrials

· How we analyze

About the company

Deere & Company makes farm machinery such as tractors, combines and planters under the John Deere brand. It also makes construction and forestry equipment and lawn tractors and has a financing division. GPS guidance and software for precision agriculture are increasingly important. As of Oct 13, 2026

Fact sheet (from the annual report) Farm machinery · Moline, USA

John Deere makes agricultural, turf, construction and forestry machinery and offers financing for it. The Production & Precision Agriculture segment comprises row crop tractors, harvesters, cotton and sugarcane harvesters as well as tillage and seeding equipment. The Small Agriculture & Turf segment offers compact and utility tractors, riding mowers, utility vehicles and golf course equipment. The Construction & Forestry segment supplies backhoe loaders, excavators, wheel loaders, timber harvesting equipment and road building equipment. The financial services division mainly finances end customers who purchase new machines of the group from dealers, as well as dealer inventories. Precision technology comes factory-installed in the machines or can be retrofitted through the dealer network.

Automatically summarized from SEC annual report (10-K, filed Dec 18, 2025) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026

Price performance at a glance

Last 30 trading days
  • Today −0.3%
  • 7 days +1.2%
  • 30 days −7.4%
  • 1 year +33.8%
Day range (last trading day)
−0.6%Price at 19% of the range+2.4%
52-week range
−28.9%Price at 69% of the range+12.8%
Distance from the all-time high
−11.3%

Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.

Fundamentals · Analysis method

Growth, margin and debt compared with the sector – in detail in the fundamental analysis further down. The chart shows the candles without a buy zone.

Growth: yellowMargin: yellowDebt: gray

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Symbol on TradingView: NYSE:DE

Fundamental analysis

Deere & Company · Sector Industrials · amounts in USD

Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Dec 18, 2025.

Quality checks

Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.

Fiscal year to Nov 2, 2025

Quality Profitability, consistency, balance sheet · 2 without data 5 of 6 criteria met Growth Revenue and earnings per share · 1 without data 2 of 6 criteria met Dividend Level, consistency, coverage · 2 without data 5 of 5 criteria met Financial strength Piotroski, debt, liquidity · 3 without data 3 of 3 criteria met

Quality 5 of 6 met · 2 without data

  • no data: Gross margin above 40% not stated in the SEC filings
  • no data: Operating margin above 15% not stated in the SEC filings
  • met: Net margin above 10% 11.0%
  • met: Return on equity above 15% 19.4%
  • met: Free cash flow margin above 10% 13.4%
  • met: Profit in each of the last 5 fiscal years 5 of 5
  • met: Free cash flow positive in each of the last 3 fiscal years 3 of 3
  • not met: Equity ratio above 30% 24.5%
Net margin

11.0% Fiscal year 2025

No rank: too few peers or not computed yet.

Profit after all costs, interest and taxes divided by revenue.

Return on equity

19.4% Fiscal year 2025

No rank: too few peers or not computed yet.

Net income divided by equity at fiscal year end.

Return on assets

4.7% Fiscal year 2025 (total assets at year end)

No rank: too few peers or not computed yet.

Net income divided by total assets at fiscal year end.

Equity ratio

24.5% Fiscal year 2025

No rank: too few peers or not computed yet.

Equity as a share of total assets. Usually low for banks.

Free cash flow margin

13.4% Fiscal year 2025

No rank: too few peers or not computed yet.

Free cash flow divided by revenue.

Free cash flow

6.1B USD Fiscal year 2025

Operating cash flow minus capital expenditure on property and equipment.

Growth 2 of 6 met · 1 without data

  • not met: Over 3 years, revenue grew by more than 5% per year −4.6%
  • met: Over 5 years, revenue grew by more than 5% per year +5.2%
  • no data: Over 10 years, revenue grew by more than 5% per year no comparable figures over 10 years
  • not met: Over 3 years, EPS grew by more than 5% per year −7.4%
  • met: Over 5 years, EPS grew by more than 5% per year +16.3%
  • not met: Revenue rose in at least 4 of the last 5 fiscal years 3 of 5
  • not met: Revenue rose in the last fiscal year −11.7%
Revenue growth 3 years

−4.6% per year

No rank: too few peers or not computed yet.

Average growth per year over 3 fiscal years.

Revenue growth 5 years

+5.2% per year

No rank: too few peers or not computed yet.

Average growth per year over 5 fiscal years.

EPS growth 3 years

−7.4% per year

No rank: too few peers or not computed yet.

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 5 years

+16.3% per year

No rank: too few peers or not computed yet.

Growth of earnings per share per year, adjusted for stock splits.

Dividend 5 of 5 met · 2 without data

  • met: Pays a dividend 6.48 USD
  • met: Payout ratio at most 60% of earnings 35%
  • met: Dividend paid in each of the last 5 fiscal years 5 of 5
  • met: Dividend per share never lowered in the last 5 fiscal years Dividend per share as filed with the SEC, including special dividends; a one-off higher prior year does not count as a cut. never
  • met: Dividend per share higher than 5 years ago +16.3%
  • no data: Free cash flow per share covers the dividend not meaningful for banks and insurers
  • no data: Dividends paid over the last 5 years covered by free cash flow not meaningful for banks and insurers
Payout ratio

35% Fiscal year 2025

Dividend per share divided by earnings per share.

Dividend growth 5 years

+16.3% per year

No rank: too few peers or not computed yet.

Growth of the dividend per share per year.

Free cash flow coverage

3.5x Fiscal year 2025

Free cash flow per share divided by dividend per share. From 1x the dividend is covered.

Financial strength 3 of 3 met · 3 without data

  • no data: Piotroski F-Score at least 7 of 9 not meaningful for banks and insurers
  • no data: Long-term debt no higher than equity no long-term debt reported
  • no data: Current assets cover current liabilities not reported (usual for banks and insurers)
  • met: Positive equity 26.0B USD
  • met: In 5 years, share count up by at most 5% −14.2%
  • met: Free cash flow positive in the last fiscal year 6.1B USD
Change in share count

−14.2% in 5 years

No rank: too few peers or not computed yet.

Change in diluted share count. Negative = share buybacks, positive = new shares.

Price-based criteria (P/E, dividend yield) are shown to signed-in users.

Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock.

In short

  • Light yellow: Revenue grew over 5 years (+5.2% per year), more slowly than the sector median.
  • Light green: Net income (total) grew over 5 years (+12.8% per year), at least as fast as the sector median; per share +16.3% per year.
  • Light yellow: Net margin 11.0%, below the sector median (11.1%).
  • Light green: Profit in each of the last 10 fiscal years.

Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.

RevenueNet income Net margin (below) in USD
  1. Fiscal year 2016 (Nov 1, 2015 – Oct 31, 2016): Revenue 26.6B USD · Net income 1.5B USD · Net margin 5.7%
  2. Fiscal year 2017 (Oct 31, 2016 – Oct 29, 2017): Revenue 29.7B USD · Net income 2.2B USD · Net margin 7.3%
  3. Fiscal year 2018 (Oct 30, 2017 – Oct 28, 2018): Revenue 37.4B USD · Net income 2.4B USD · Net margin 6.3%
  4. Fiscal year 2019 (Oct 29, 2018 – Nov 3, 2019): Revenue 39.3B USD · Net income 3.3B USD · Net margin 8.3%
  5. Fiscal year 2020 (Nov 4, 2019 – Nov 1, 2020): Revenue 35.5B USD · Net income 2.8B USD · Net margin 7.7%
  6. Fiscal year 2021 (Nov 2, 2020 – Oct 31, 2021): Revenue 44.0B USD · Net income 6.0B USD · Net margin 13.5%
  7. Fiscal year 2022 (Nov 1, 2021 – Oct 30, 2022): Revenue 52.6B USD · Net income 7.1B USD · Net margin 13.6%
  8. Fiscal year 2023 (Oct 31, 2022 – Oct 29, 2023): Revenue 61.3B USD · Net income 10.2B USD · Net margin 16.6%
  9. Fiscal year 2024 (Oct 30, 2023 – Oct 27, 2024): Revenue 51.7B USD · Net income 7.1B USD · Net margin 13.7%
  10. Fiscal year 2025 (Oct 28, 2024 – Nov 2, 2025): Revenue 45.7B USD · Net income 5.0B USD · Net margin 11.0%

Fiscal year 2025 (Oct 28, 2024 – Nov 2, 2025): Revenue 45.7B USD · Net income 5.0B USD · Net margin 11.0%

Figures over time

Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.

Money flow in fiscal year 2025

Of 100 USD of revenue, 11.0 USD net income remained.

Money flow as a table
Fiscal year 2025, amounts in USD, share of revenue
ItemAmountof revenue
Revenue45.7B USD100.0%
Net income5.0B USD11.0%
Research & development2.3B USD5.1%
Remaining costs, taxes & other38.3B USD83.9%

Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.

Margins

The operating margin rose in 5 years from 11.2% to 17.5%.

Operating marginNet margin
  1. Fiscal year 2016: Operating margin 9.7% · Net margin 5.7%
  2. Fiscal year 2017: Operating margin 11.9% · Net margin 7.3%
  3. Fiscal year 2018: Operating margin 12.0% · Net margin 6.3%
  4. Fiscal year 2019: Operating margin 11.2% · Net margin 8.3%
  5. Fiscal year 2020: Operating margin 12.1% · Net margin 7.7%
  6. Fiscal year 2021: Operating margin 18.2% · Net margin 13.5%
  7. Fiscal year 2022: Operating margin 18.1% · Net margin 13.6%
  8. Fiscal year 2023: Operating margin 21.2% · Net margin 16.6%
  9. Fiscal year 2024: Operating margin 17.5% · Net margin 13.7%
  10. Fiscal year 2025: Operating margin not available · Net margin 11.0%

Returns

Return on equity fell in 5 years from 21.3% to 19.4%.

Return on equityReturn on assets
  1. Fiscal year 2016: Return on equity 23.4% · Return on assets 2.6%
  2. Fiscal year 2017: Return on equity 22.6% · Return on assets 3.3%
  3. Fiscal year 2018: Return on equity 21.0% · Return on assets 3.4%
  4. Fiscal year 2019: Return on equity 28.5% · Return on assets 4.5%
  5. Fiscal year 2020: Return on equity 21.3% · Return on assets 3.7%
  6. Fiscal year 2021: Return on equity 32.4% · Return on assets 7.1%
  7. Fiscal year 2022: Return on equity 35.2% · Return on assets 7.9%
  8. Fiscal year 2023: Return on equity 46.7% · Return on assets 9.8%
  9. Fiscal year 2024: Return on equity 31.1% · Return on assets 6.6%
  10. Fiscal year 2025: Return on equity 19.4% · Return on assets 4.7%

Equity and long-term debt

The equity ratio rose in 5 years from 17.2% to 24.5%.

EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.
  1. Fiscal year 2016: Equity 6.5B USD · Long-term debt not available
  2. Fiscal year 2017: Equity 9.6B USD · Long-term debt 25.9B USD
  3. Fiscal year 2018: Equity 11.3B USD · Long-term debt 27.2B USD
  4. Fiscal year 2019: Equity 11.4B USD · Long-term debt 30.2B USD
  5. Fiscal year 2020: Equity 12.9B USD · Long-term debt 32.7B USD
  6. Fiscal year 2021: Equity 18.4B USD · Long-term debt 32.9B USD
  7. Fiscal year 2022: Equity 20.3B USD · Long-term debt not available
  8. Fiscal year 2023: Equity 21.8B USD · Long-term debt not available
  9. Fiscal year 2024: Equity 22.8B USD · Long-term debt not available
  10. Fiscal year 2025: Equity 26.0B USD · Long-term debt not available

Share count

The share count fell in 5 years by 14.2% (mostly through share repurchases).

Diluted share count
  1. Fiscal year 2016: Diluted share count 316.6M
  2. Fiscal year 2017: Diluted share count 323.3M
  3. Fiscal year 2018: Diluted share count 327.3M
  4. Fiscal year 2019: Diluted share count 320.6M
  5. Fiscal year 2020: Diluted share count 316.6M
  6. Fiscal year 2021: Diluted share count 314.0M
  7. Fiscal year 2022: Diluted share count 306.3M
  8. Fiscal year 2023: Diluted share count 293.6M
  9. Fiscal year 2024: Diluted share count 277.1M
  10. Fiscal year 2025: Diluted share count 271.7M

Banks and insurers: gross margin, current assets and capital expenditure are usually not reported and cash flow is not meaningful there – those lines and charts are omitted.

From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.

Dividends and share repurchases

How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.

Dividend per share
6.48 USD · Fiscal year 2025
Dividend growth per year
3 y +14.1%5 y +16.3%10 y –
Years without a cut
at least 9 as far as the data goes
Payout ratio
of earnings 35% of free cash flow –
Share count over 5 years
−14.2% fewer shares – each share is a larger stake

Dividend per share

The dividend per share rose in 5 years from 3.04 USD to 6.48 USD.

Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.
  1. Fiscal year 2016: Dividend per share 2.40 USD
  2. Fiscal year 2017: Dividend per share 2.40 USD
  3. Fiscal year 2018: Dividend per share 2.58 USD
  4. Fiscal year 2019: Dividend per share 3.04 USD
  5. Fiscal year 2020: Dividend per share 3.04 USD
  6. Fiscal year 2021: Dividend per share 3.61 USD
  7. Fiscal year 2022: Dividend per share 4.36 USD
  8. Fiscal year 2023: Dividend per share 5.05 USD
  9. Fiscal year 2024: Dividend per share 5.88 USD
  10. Fiscal year 2025: Dividend per share 6.48 USD

Payout ratios

The payout ratio stayed roughly the same in 5 years (35.0%).

Payout ratio (earnings)
  1. Fiscal year 2016: Payout ratio (earnings) 49.9%
  2. Fiscal year 2017: Payout ratio (earnings) 35.9%
  3. Fiscal year 2018: Payout ratio (earnings) 35.6%
  4. Fiscal year 2019: Payout ratio (earnings) 30.0%
  5. Fiscal year 2020: Payout ratio (earnings) 35.0%
  6. Fiscal year 2021: Payout ratio (earnings) 19.0%
  7. Fiscal year 2022: Payout ratio (earnings) 18.7%
  8. Fiscal year 2023: Payout ratio (earnings) 14.6%
  9. Fiscal year 2024: Payout ratio (earnings) 23.0%
  10. Fiscal year 2025: Payout ratio (earnings) 35.0%

For banks and insurers free cash flow is not meaningful; ratios to free cash flow are usually omitted.

Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.

Valuation over time

Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.

Key figures with traffic lights

Each light follows a simple, disclosed rule. The comparison is with the sector median of all 90 symbols in the Industrials sector on our list (current members of the S&P 500 and other lists).

Revenue growth

Light yellow: below sector

+5.2% per year, last 5 years

Sector Industrials: median +8.0% (81 symbols)

What does this mean? Revenue: over 5 years it grew by 5.2% per year on average, but more slowly than the median company in the sector (+8.0%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net income (total)

Light green: above sector

+12.8% per year, last 5 years

Sector Industrials: median +10.0% (66 symbols)

per share: +16.3% per year (5 years, split-adjusted)

What does this mean? Total net income: over 5 years it grew by 12.8% per year on average – at least as fast as the median company in the sector (+10.0%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net margin

Light yellow: below sector

11.0% last fiscal year

Sector Industrials: median 11.1% (88 symbols)

What does this mean? Of every 100 USD in revenue, 11.00 USD remained as profit – less than the median company in the sector (11.1%). Five years ago the margin was 7.7%.

Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.

Debt / equity

Light gray: not available

– latest balance sheet

Sector Industrials: median 0.59 (67 symbols)

What does this mean? No usable figure: reported financial debt or positive equity for the same balance sheet date is missing.

Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.

Payout ratio

Light green: covered

35% Dividend / earnings per share

Sector Industrials: median 35% (65 symbols)

What does this mean? Of every 1 USD of earnings per share, 0.35 USD went to shareholders as a dividend. The rest stays in the company. Median company in the sector: 35%.

Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.

Profitable years

Light green: profit every year

10 of 10 fiscal years with a profit

What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.

Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).

Last fiscal year and 13F

Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
45.7B USD
Revenue vs. prior year
−11.7%
Net income (FY)
5.0B USD
Net income vs. prior year
−29.2%
EPS (FY)
18.50 USD
13F funds with a position
0 of 9
Funds vs. prior quarter
±0
Shares held vs. prior quarter
–
Fiscal year to Nov 2, 2025 · 10-K filed Dec 18, 2025 · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term). 13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2025Nov 2, 2025 45.7B5.0B 11.0% 18.50 6.48 35%
2024Oct 27, 2024 51.7B7.1B 13.7% 25.62 5.88 23%
2023Oct 29, 2023 61.3B10.2B 16.6% 34.63 5.05 15%
2022Oct 30, 2022 52.6B7.1B 13.6% 23.28 4.36 19%
2021Oct 31, 2021 44.0B6.0B 13.5% 18.99 3.61 19%
2020Nov 1, 2020 35.5B2.8B 7.7% 8.69 3.04 35%
2019Nov 3, 2019 39.3B3.3B 8.3% 10.15 3.04 30%
2018Oct 28, 2018 37.4B2.4B 6.3% 7.24 2.58 36%
2017Oct 29, 2017 29.7B2.2B 7.3% 6.68 2.40 36%
2016Oct 31, 2016 26.6B1.5B 5.7% 4.81 2.40 50%
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q3/26Aug 2, 2026 12.6B1.4B 10.9% 5.10 1.62 32%
Q2/26May 3, 2026 13.4B1.8B 13.3% 6.55 1.62 25%
Q1/26Feb 1, 2026 9.6B656.0M 6.8% 2.42 1.62 67%
Q4/25*Nov 2, 2025 12.4B1.1B 8.6% – 1.62 –
Q3/25Jul 27, 2025 12.0B1.3B 10.7% 4.75 1.62 34%
Q2/25Apr 27, 2025 12.8B1.8B 14.1% 6.64 1.62 24%
Q1/25Jan 26, 2025 8.5B869.0M 10.2% 3.19 1.62 51%
Q4/24*Oct 27, 2024 11.1B1.2B 11.2% – 1.47 –
Q3/24Jul 28, 2024 13.2B1.7B 13.2% 6.29 1.47 23%
Q2/24Apr 28, 2024 15.2B2.4B 15.6% 8.53 1.47 17%
Q1/24Jan 28, 2024 12.2B1.8B 14.4% 6.23 1.47 24%
Q4/23*Oct 29, 2023 15.4B2.4B 15.4% – 1.35 –

* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.

How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $00 people $23.4M1 person −$23.4M
6 months $00 people $23.4M1 person −$23.4M
12 months $00 people $55.9M3 people −$55.9M

Latest transactions

  • Aug 31, 2026 Campbell Ryan D Officer Open-market sale · 10b5-1 plan 3 shares · $2.0K · SEC
  • Aug 31, 2026 Campbell Ryan D Officer Open-market sale · 10b5-1 plan 199 shares · $130.5K · SEC
  • Aug 31, 2026 Campbell Ryan D Officer Open-market sale · 10b5-1 plan 391 shares · $255.8K · SEC
  • Aug 31, 2026 Campbell Ryan D Officer Open-market sale · 10b5-1 plan 363 shares · $236.9K · SEC
  • Aug 31, 2026 Campbell Ryan D Officer Open-market sale · 10b5-1 plan 975 shares · $635.1K · SEC
  • Aug 31, 2026 Campbell Ryan D Officer Open-market sale · 10b5-1 plan 2,929 shares · $1.9M · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score +25

Price vs. EMA 50-15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows-10
Relative strength+15

Volatility and trend strength

ADX 14 (trend strength)19.0
Rel. strength 60 d+4.6%

ATR and moving averages as price values only when logged in.

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All symbols in this sector

News

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