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NYSE · Industrials

DEERE & CO (DE)

As-reported financials and SEC filings for DEERE & CO. The latest annual period is FY2025. The latest reported quarter is Q3 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About DEERE & CO

Deere & Company, commonly known as John Deere, manufactures agricultural, construction, and forestry equipment. Its main products include tractors, harvesters, cotton pickers, sugarcane harvesters, specialty and compact tractors, turf equipment, backhoe loaders, excavators, and roadbuilding machinery. The company serves production-scale crop growers, dairy and livestock producers, turf and utility customers, and construction and forestry operators, offering integrated technology solutions and financial services.

Snapshot

Revenue
$45.68B
Revenue growth (YoY)
-11.7%
Net income
$5.03B
Diluted EPS
$18.50
Gross margin
Operating margin
Net margin
11.0%
FCF margin
13.4%
ROE
19.4%
net income / fiscal-year-end equity
P/E
37.7×
trailing when available, otherwise FY EPS
Market cap
$182.59B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended November 2, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Deere

  • Revenue fell 11.7% to $45.7B in FY2025, after a 15.6% decline the year before.
  • Most recent quarter Q3 FY2026: revenue $12.6B, up 4.9% from Q3 FY2025.
  • Free cash flow was $6.1B in FY2025, 13.4% of revenue.
  • Net income fell 29.2% to $5.0B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Deere’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin11.0%
78th percentile of 645
FCF margin13.4%
81st percentile of 562
Revenue growth (YoY)-11.7%
12th percentile of 668
ROE19.4%
81st percentile of 600
P/E37.7×
76th percentile of 435
Short interest5.98d
83rd percentile of 676

Deere’s revenue growth of -11.7% ranks in the 12th percentile of the 668 Industrials companies reporting it.

No reported insider purchases (code P) in the last 90 days; 21 insider sales totaling $23.4M. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 8 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
8
+5 quant / multi-strat
Initiated / added
5
2 new, 3 added
Reduced / exited
5
4 trimmed, 1 exited
Combined position
$3.80B
reported long value
InvestorAs ofPosition valueSharesChange
Gates Foundation TrustQ2 2026$2.26B3.6MHeld
Markel GroupQ2 2026$556.9M877.9KHeld
First Eagle Investment ManagementQ2 2026$340.6M536.9KAdded
ARK Investment ManagementQ2 2026$249.3M393.0KReduced
Harris Associates (Oakmark)Q2 2026$198.6M313.0KReduced
Citadel AdvisorsquantQ2 2026$103.7M163.5KReduced
AQR Capital ManagementquantQ2 2026$46.5M74.7KAdded
Gotham Asset ManagementQ2 2026$20.5M32.3KAdded
Two Sigma InvestmentsquantQ2 2026$9.3M14.7KHeld
D. E. ShawquantQ2 2026$8.6M13.5KReduced
Dodge & CoxQ2 2026$8.0M12.6KHeld
Millennium ManagementquantQ2 2026$1.6M2.5KNew
Bridgewater AssociatesQ2 2026$908,9951.4KNew

No longer held by: Renaissance Technologies (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
21
$23.4M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-31
filed 2026-09-02
CAMPBELL RYAN DPres WWC&F and Pwr SystemsSell2.9K$650.18$1.9M
2026-08-31
filed 2026-09-02
CAMPBELL RYAN DPres WWC&F and Pwr SystemsSell975$651.43$635K
2026-08-31
filed 2026-09-02
CAMPBELL RYAN DPres WWC&F and Pwr SystemsSell391$654.22$256K
2026-08-31
filed 2026-09-02
CAMPBELL RYAN DPres WWC&F and Pwr SystemsSell363$652.75$237K
2026-08-31
filed 2026-09-02
CAMPBELL RYAN DPres WWC&F and Pwr SystemsSell199$655.91$131K
2026-08-31
filed 2026-09-02
CAMPBELL RYAN DPres WWC&F and Pwr SystemsSell3$656.64$2K
2026-08-24
filed 2026-08-26
CAMPBELL RYAN DPres WWC&F and Pwr SystemsSell2.7K$650.40$1.7M
2026-08-24
filed 2026-08-26
CAMPBELL RYAN DPres WWC&F and Pwr SystemsSell1.6K$655.45$1.0M
2026-08-24
filed 2026-08-26
CAMPBELL RYAN DPres WWC&F and Pwr SystemsSell1.3K$654.45$838K
2026-08-24
filed 2026-08-26
CAMPBELL RYAN DPres WWC&F and Pwr SystemsSell528$657.43$347K
2026-08-24
filed 2026-08-26
CAMPBELL RYAN DPres WWC&F and Pwr SystemsSell508$659.87$335K
2026-08-24
filed 2026-08-26
CAMPBELL RYAN DPres WWC&F and Pwr SystemsSell373$651.31$243K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
5.1M
settled 2026-08-14
Change vs prior
-19.4%
vs previous settlement
Days to cover
5.98
at avg daily volume
Avg daily volume
847.1K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-145.1M-19.4%5.98
2026-07-316.3M-5.4%5.58
2026-07-156.6M-6.5%6.03
2026-06-307.1M+12.2%5.15
2026-06-156.3M+24.9%4.12
2026-05-295.1M-7.0%3.00
2026-05-155.5M+12.5%5.78
2026-04-304.8M+5.5%4.67

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$45.68B$51.72B$61.25B$52.58B$44.02B
Gross profit
Operating income$9.04B$12.96B$9.51B$8.01B
Net income$5.03B$7.10B$10.17B$7.13B$5.96B
Diluted EPS$18.50$25.62$34.63$23.28$18.99

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$8.28B$7.32B$7.46B$4.77B$8.02B
Current assets
Total assets$106.00B$107.32B$104.09B$90.03B$84.11B
Current liabilities
Long-term debt$32.89B
Total liabilities$79.99B$84.39B$82.20B$69.67B$65.68B
Total equity$25.96B$22.84B$21.79B$20.27B$18.43B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$7.46B$9.23B$8.59B$4.70B$7.73B
Capital expenditure$1.36B$1.64B$1.50B$1.13B$848.0M
Free cash flow$6.10B$7.59B$7.09B$3.56B$6.88B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q3 FY2026$12.61B4.9%$1.38B$5.10
Q2 FY2026$13.37B4.7%$1.77B$6.55
Q1 FY2026$9.61B13.0%$656.0M$2.42
Q4 FY2025$12.39B11.2%$1.06B$3.93
Q3 FY2025$12.02B-8.6%$1.29B$4.75
Q2 FY2025$12.76B-16.2%$1.80B$6.64
Q1 FY2025$8.51B-30.2%$869.0M$3.19
Q4 FY2024$11.14B-27.7%$1.25B$4.55

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorIndustrials
SIC industryFarm Machinery & Equipment
Latest annual periodFY2025 (ended November 2, 2025)
Latest reported quarterQ3 FY2026 (ended August 2, 2026)
Oldest indexed filing2014
SEC CIK315189

Selected SEC filings

10-K2025-12-18
View on EDGAR →
10-K2024-12-12
View on EDGAR →
10-Q2026-08-27
View on EDGAR →
10-Q2026-05-28
View on EDGAR →
10-Q2026-02-26
View on EDGAR →
10-Q2025-08-28
View on EDGAR →
8-K2026-08-20
View on EDGAR →
8-K2026-07-15
View on EDGAR →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.