DE logo Deere & Company +
Ticker
DE
CAT
Headquarter
Moline ,IL
US
Deerfield ,IL
US
CEO
John C. May
D. James Umpleby
Industry
Agricultural - Machinery
Agricultural - Machinery
Stock Price
Stock Price
Market Cap
Market Cap
$139.29 B
$303.19 B
Employees
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Employees
  • 82.96 K
  • 75.85 K
  • 73.10 K
  • 109.10 K
  • 113.20 K
  • 51.50 K
Y/Y
0.87%
8.57%
3.62%
1.3%
3.76%
54.51%

Income Statement

Revenue
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Revenue
  • $60.25 B
  • $50.52 B
  • $45.68 B
  • $59.43 B
  • $67.06 B
  • $64.81 B
Y/Y
17.48%
16.15%
9.57%
16.59%
12.84%
3.36%
Revenue by Products / Services
Years
  • 2024
  • 2024
Revenue by Geography
Years
  • 2024
  • 2024
Research and Development
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Research and Development
  • $2.18 B
  • $2.29 B
  • $2.31 B
  • $1.81 B
  • $2.11 B
  • $2.11 B
Y/Y
13.86%
5.19%
0.92%
7.59%
16.21%
0.05%
Operating Income
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Operating Income
  • $14.59 B
  • $11.43 B
  • $9.43 B
  • $7.90 B
  • $12.97 B
  • $13.07 B
Y/Y
61.66%
21.68%
17.5%
14.92%
64.04%
0.82%
Tax Rate (%)
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Tax Rate (%)
  • 22.04%
  • 22.81%
  • 20.12%
  • 23.57%
  • 21.21%
  • 19.59%
Y/Y
0.34%
3.47%
11.77%
11.41%
10.01%
7.61%
Net Income
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Net Income
  • $10.17 B
  • $7.10 B
  • $5.03 B
  • $6.71 B
  • $10.34 B
  • $10.79 B
Y/Y
42.56%
30.16%
29.2%
3.33%
54.14%
4.42%
Revenue Per Employee
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Revenue Per Employee
  • $726.26 K
  • $666.05 K
  • $624.95 K
  • $614.67 K
  • $572.52 K
  • -
Y/Y
16.47%
8.29%
6.17%
11.4%
6.86%
100%
Net Income Per Employee
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income Per Employee
  • $122.55 K
  • $93.61 K
  • $68.77 K
  • $94.73 K
  • $95.34 K
  • -
Y/Y
41.33%
23.61%
26.54%
52.16%
0.64%
100%

Assets & Liabilities | Cash Flow

Total Assets
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Total Assets
  • $104.09 B
  • $107.32 B
  • $106.00 B
  • $81.94 B
  • $87.48 B
  • $87.76 B
Y/Y
15.61%
3.11%
1.23%
1.03%
6.75%
0.33%
Total Liabilities
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Total Liabilities
  • $82.20 B
  • $84.40 B
  • $79.99 B
  • $66.05 B
  • $67.97 B
  • $68.27 B
Y/Y
17.98%
2.67%
5.22%
0.34%
2.91%
0.44%
Capital Expenditures (Capex)
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Capital Expenditures (Capex)
  • -$4.47 B
  • -$4.80 B
  • -$4.23 B
  • -$2.60 B
  • -$3.09 B
  • -$3.22 B
Y/Y
17.95%
7.48%
11.95%
5.14%
18.97%
3.98%

Profitability

Operating Income Margin (%)
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Operating Income Margin (%)
  • 24.22%
  • 22.62%
  • 18.84%
  • 13.30%
  • 19.33%
  • 20.17%
Y/Y
37.6%
6.6%
16.7%
1.43%
45.37%
4.32%
Net Income Margin (%)
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Net Income Margin (%)
  • 16.87%
  • 14.05%
  • 11.25%
  • 11.28%
  • 15.41%
  • 16.65%
Y/Y
21.35%
16.71%
19.92%
11.37%
36.59%
8.05%
EBITDA
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
EBITDA
  • $17.48 B
  • $14.67 B
  • $11.66 B
  • $11.41 B
  • $15.71 B
  • $16.04 B
Y/Y
44.62%
16.04%
20.56%
3.35%
37.59%
2.12%
Free Cash Flow (FCF)
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Free Cash Flow (FCF)
  • $4.12 B
  • $4.43 B
  • $3.23 B
  • $5.17 B
  • $9.79 B
  • $8.82 B
Y/Y
352.36%
7.47%
27.05%
9.33%
89.53%
9.94%

Ratios

Return on Equity (ROE)
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Return on Equity (ROE)
  • 46.67%
  • 31.09%
  • 19.37%
  • 42.25%
  • 53.02%
  • 55.37%
Y/Y
32.59%
33.37%
37.69%
7.33%
25.48%
4.44%
Return on Assets (ROA)
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Return on Assets (ROA)
  • 9.77%
  • 6.62%
  • 4.74%
  • 8.18%
  • 11.81%
  • 12.30%
Y/Y
23.31%
32.26%
28.31%
4.4%
44.39%
4.08%
Debt to Equity
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Debt to Equity
  • 292.37%
  • 286.67%
  • 246.38%
  • 233.11%
  • 194.31%
  • 197.06%
Y/Y
13.48%
1.95%
14.05%
1.69%
16.65%
1.42%

Valuation

Enterprise Value
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Enterprise value
  • $162.99 B
  • $169.83 B
  • $180.72 B
  • $156.21 B
  • $181.87 B
  • $208.08 B
Y/Y
2.95%
4.2%
6.41%
10.79%
16.42%
14.41%
Enterprise value to Revenue
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Enterprise value to Revenue
  • 2.71
  • 3.36
  • 3.96
  • 2.63
  • 2.71
  • 3.21
Y/Y
17.4%
24.27%
17.67%
4.98%
3.17%
18.38%
Enterprise value to EBITDA
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Enterprise value to EBITDA
  • 9.33
  • 11.58
  • 15.50
  • 13.69
  • 11.58
  • 12.97
Y/Y
32.9%
24.11%
33.94%
7.2%
15.39%
12.03%