Deere & Company's Income Statement Analysis: Revenue to Profit Breakdown
Deere & Company's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Oct 31, 2021
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FY22
Oct 31, 2022
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FY23
Oct 31, 2023
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FY24
Oct 31, 2024
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FY25
Oct 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$43.03 B | $51.28 B | $60.25 B | $50.52 B | $45.68 B | $46.86 B |
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Cost of Revenue Direct cost of goods/services. |
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$29.32 B | $35.55 B | $37.94 B | $31.02 B | $28.16 B | $30.27 B |
Gross Profit Revenue minus cost of revenue. |
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$13.72 B | $15.73 B | $22.31 B | $19.50 B | $17.53 B | $16.59 B |
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Operating Expense
Costs to run business. |
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$6.05 B | $6.70 B | $7.72 B | $8.07 B | $8.10 B | $7.97 B |
Research and Development Investment in innovation. |
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$1.59 B | $1.91 B | $2.18 B | $2.29 B | $2.31 B | $1.79 B |
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Sales, General and Administrative
Selling and admin costs. |
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$3.20 B | $3.65 B | $4.31 B | $4.51 B | $4.66 B | $4.25 B |
General and Administrative Corporate overhead costs. |
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$3.20 B | $3.65 B | $4.31 B | $4.51 B | - | - |
Sales and Marketing Customer acquisition costs. |
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- | - | - | - | - | - |
Other Expenses Other operating costs. |
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$1.27 B | $1.15 B | $1.23 B | $1.27 B | $1.12 B | $1.93 B |
Operating Income Profit from operations. |
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$7.66 B | $9.03 B | $14.59 B | $11.43 B | $9.43 B | $8.61 B |
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Net Interest Income
Interest income minus expense. |
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-$993.00 M | -$1.06 B | -$2.45 B | -$3.35 B | -$3.17 B | -$2.99 B |
Interest Income Income from investments. |
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- | - | - | - | - | - |
Interest Expense Cost of borrowing. |
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$993.00 M | $1.06 B | $2.45 B | $3.35 B | $3.17 B | $2.99 B |
Non-Operating Income (ex-Int) Income outside core operations. |
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-$932.00 M | -$1.16 B | -$881.00 M | -$1.13 B | - | -$542.00 M |
Total Other Income (Net) Net non-operating items. |
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-$40.00 M | $111.00 M | -$1.57 B | -$2.25 B | -$3.17 B | -$2.44 B |
Income Before Tax Profit before taxes. |
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$7.62 B | $9.14 B | $13.03 B | $9.18 B | $6.26 B | $6.17 B |
Income Tax Expense Taxes on income. |
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$1.66 B | $2.01 B | $2.87 B | $2.09 B | $1.26 B | $1.42 B |
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Net Income
Final profit. |
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$5.96 B | $7.13 B | $10.17 B | $7.10 B | $5.03 B | $4.78 B |
Net Income From Continuing Operations Profit from core business. |
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$5.97 B | $7.13 B | $10.16 B | $7.09 B | $5.00 B | $4.76 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | - | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$19.14 | $23.42 | $34.80 | $25.72 | $18.56 | $17.69 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$18.99 | $23.28 | $34.63 | $25.62 | $18.50 | $17.65 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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311.60 M | 304.50 M | 292.20 M | 276.00 M | 270.90 M | 270.10 M |
Diluted Average Shares Outst. Shares including dilution. |
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314.00 M | 306.30 M | 293.60 M | 277.10 M | 271.70 M | 270.80 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$8.60 B | $10.19 B | $15.47 B | $12.55 B | $9.43 B | $9.16 B |
EBITDA Earnings before interest, tax, D&A. |
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$10.65 B | $12.08 B | $17.48 B | $14.67 B | $11.66 B | $10.87 B |
Depreciation and Amortization Non-cash expense for assets. |
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$2.05 B | $1.90 B | $2.00 B | $2.12 B | $2.23 B | $1.72 B |
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Deere & Company's Assets vs Liabilities & Equity
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