Deere & Co (DE) makes and sells farm equipment (tractors, combines, planters) and construction/forestry machinery under the John Deere brand. Its largest segment serves large-scale commercial farmers with high-horsepower and precision agriculture equipment. A smaller segment covers mid-size agricultural equipment and turf/grounds care products. The construction segment sells excavators, dozers, and logging equipment.
Customers are primarily professional farmers, contractors, and forestry operators, reached through a dealer network of 2,000+ North American locations operating in 100+ countries. About 60% of revenue comes from the US and Canada.
Deere makes money by selling equipment and through its captive finance subsidiary, John Deere Financial, which earns interest income by financing equipment purchases for end customers and providing floor-plan financing to dealers.
Employees73,100IPOAug 4, 1958SIC3523HQOne John Deere Place, Moline, IL, USA, 61265
to
Financials
Profitability
Metric
Current
Margins
Gross Margin
34.6%
Operating Margin
17.6%
EBITDA Margin
24.9%
Net Margin
10.4%
OCF Margin
15.5%
FCF Margin
6.9%
Returns on Capital
ROE
18.3%
ROA
4.6%
ROIC
7.2%
ROCE
12.8%
ROC (Greenblatt)
50.4%
3Y ROIIC
−2.6%
Consistency
Years Profitable / 10Y
10
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
35.66
Forward P/E
28.51
P/E ex-NRI
35.66
Shiller P/E (CAPE)
33.23
Cash Flow Multiples
P/FCF
53.86
P/OCF
24.00
P/Owner Earnings
59.51
FCF Yield
1.86%
Enterprise Value Multiples
EV / EBIT
24.34
EV / Forward EBIT
30.84
EV / EBITDA
19.45
EV / Forward EBITDA
25.09
EV / Revenue
4.85
EV / Forward Revenue
4.77
Asset / Sales
P/S
3.70
P/B
6.18
P/Tangible Book
7.67
Growth-Adjusted
PEG
2.37
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
1.01%
Forward Dividend Yield
1.01%
3Y Dividend Growth
14.1%
Payout Ratio
0.36
5Y Yield on Cost
2.08%
Buybacks & Dilution
3Y Buyback Ratio
3.30%
5Y Share Change
−14.2%
Combined
Shareholder Yield
2.60%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
2.29
Gross Debt / EBITDA
5.49
Cash / Debt
0.16
Equity / Assets
0.26
Coverage
Interest Coverage
2.84
Short-Term Liquidity
Current Ratio
2.20
Quick Ratio
1.98
Cash Ratio
0.29
Composite Scores
Piotroski F-Score
6
Altman Z-Score
3.38
Split History
Date
Split
2007-12-04
2:1
1995-11-29
3:1
1976-09-22
2:1
1972-09-22
2:1
Ex-date
Amount
Pay date
2026-09-30
$1.62
2026-11-09
2026-06-30
$1.62
2026-08-10
2026-03-31
$1.62
2026-05-08
2025-12-31
$1.62
2026-02-09
2025-09-30
$1.62
2025-11-10
2025-06-30
$1.62
2025-08-08
2025-03-31
$1.62
2025-05-08
2024-12-31
$1.62
2025-02-10
2024-09-30
$1.47
2024-11-08
2024-06-28
$1.47
2024-08-08
10 of 164
View allDate
Transcript
Type
2026-08-20
Q3 2026 Deere & Co Earnings Call Transcript
Earnings Call
2026-05-21
Q2 2026 Deere & Co Earnings Call Transcript
Earnings Call
2026-02-25
Deere & Co Annual Shareholders Meeting Transcript
Shareholders and Annual Meetings
2026-02-19
Q1 2026 Deere & Co Earnings Call Transcript
Earnings Call
2025-11-26
Q4 2025 Deere & Co Earnings Call Transcript
Earnings Call
2025-08-14
Q3 2025 Deere & Co Earnings Call Transcript
Earnings Call
2025-05-15
Q2 2025 Deere & Co Earnings Call Transcript
Earnings Call
2025-02-13
Q1 2025 Deere & Co Earnings Call Transcript
Earnings Call
2024-11-21
Q4 2024 Deere & Co Earnings Call Transcript
Earnings Call
2024-08-15
Q3 2024 Deere & Co Earnings Call Transcript
Earnings Call
10 of 36
5-Step DuPont Analysis
ROE %
18.33%
×
×
Net Margin %
10.39%
×
×
Operating Margin %
17.59%
Operating Income
$8.25B
÷
Revenue
$46.88B
×
Tax Burden
0.7571
Net Income
$4.87B
÷
Pretax Income
$6.44B
×
Interest Burden
0.7804
Pretax Income
$6.44B
÷
Operating Income
$8.25B
×
Asset Turnover
0.44
÷
Revenue
$46.88B
÷
Average Total Assets
$107.71B
Begin Total Assets
$107.82B
End Total Assets
$107.61B
×
Equity Multiplier
4.05
÷
Avg Total Assets
$107.71B
÷
Avg Stockholders Equity
$26.58B
Begin Equity
$25.18B
End Equity
$27.99B
Top institutional holders
Q2 2026| Holder | Shares | % Owned | Chg. shares | |
|---|---|---|---|---|
| BlackRock, Inc. | 18.5M | 6.87% | +228.9K | $11.76B |
| VANGUARD CAPITAL MANAGEMENT LLC | 16.6M | 6.14% | +50.1K | $10.51B |
| Capital World Investors | 11.5M | 4.26% | -770.9K | $7.30B |
| STATE STREET CORP | 10.9M | 4.02% | +256.6K | $6.91B |
| JPMORGAN CHASE & CO | 9.2M | 3.41% | -278.4K | $5.77B |
| PRICE T ROWE ASSOCIATES INC /MD/ | 7.5M | 2.79% | -337.7K | — |
| FMR LLC | 7.5M | 2.77% | +958.9K | $4.75B |
| Capital International Investors | 6.4M | 2.37% | +4.7M | $4.07B |
| GEODE CAPITAL MANAGEMENT, LLC | 5.7M | 2.12% | +27.7K | $3.61B |
| MORGAN STANLEY | 4.4M | 1.62% | +120.3K | $2.77B |
10 of 2,683
View allTop insider holdings
as reported| Insider | Shares held | % Owned | |
|---|---|---|---|
| May John C IIOfficer | 118.0K | 0.0437% | $75.72M |
| Kalathur RajeshOfficer | 75.8K | 0.0281% | $48.69M |
| CAMPBELL RYAN DOfficer | 27.2K | 0.0101% | $17.45M |
| Reed Cory JOfficer | 20.8K | 0.0077% | $13.35M |
| SMITH SHERRY MDirector | 13.7K | 0.0051% | $8.77M |
| Rose Justin RyanOfficer | 13.3K | 0.0049% | $8.56M |
| PAGE GREGORY RDirector | 11.8K | 0.0044% | $7.57M |
| Pryor Felecia J.Officer | 11.3K | 0.0042% | $7.26M |
| Johanns Michael O.Director | 9.3K | 0.0034% | $5.98M |
| STOCKTON DMITRI LDirector | 9.1K | 0.0034% | $5.84M |
10 of 22
View allRecent insider activity
through Aug 31, 2026| Insider | Action | Shares | Date | |
|---|---|---|---|---|
| CAMPBELL RYAN DOfficer | Option Exercise (Rule 16b-3 Exempt) | +1.1K | $275.0K | Aug 31, 2026 |
| CAMPBELL RYAN DOfficer | Option Exercise (Rule 16b-3 Exempt) | +1.8K | $610.5K | Aug 31, 2026 |
| CAMPBELL RYAN DOfficer | Option Exercise (Rule 16b-3 Exempt) | +1.0K | $459.9K | Aug 31, 2026 |
| CAMPBELL RYAN DOfficer | Option Exercise (Rule 16b-3 Exempt) | +957 | $360.8K | Aug 31, 2026 |
| CAMPBELL RYAN DOfficer | Open-Market or Private Sale | -2.9K | $1.90M | Aug 31, 2026 |
| CAMPBELL RYAN DOfficer | Open-Market or Private Sale | -975 | $635.1K | Aug 31, 2026 |
| CAMPBELL RYAN DOfficer | Open-Market or Private Sale | -363 | $236.9K | Aug 31, 2026 |
| CAMPBELL RYAN DOfficer | Open-Market or Private Sale | -391 | $255.8K | Aug 31, 2026 |
| CAMPBELL RYAN DOfficer | Open-Market or Private Sale | -199 | $130.5K | Aug 31, 2026 |
| CAMPBELL RYAN DOfficer | Open-Market or Private Sale | -3 | $1,970 | Aug 31, 2026 |
10 of 1,849
View all