Deere & Company
DENYSE
$639.40
Last price · USD
- Market cap
- $173.7B
- P/E
- 34.6x
- EV / EBITDA
- 19.7x
- P/S
- 3.9x
- FCF yield
- 1.9%
- Div. yield
- 0.99%
Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.
Deere & Company key metrics & ratios
Annual · USD millions except per-share data · 36 lines
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | CAGR | |
|---|---|---|---|---|---|---|---|
| Growth (year over year) | |||||||
| Revenue growth | -11.6% | -16.1% | 17.5% | 19.2% | — | — | |
| Operating income growth | -26.3% | -21.7% | 61.7% | 17.8% | — | — | |
| Net income growth | -29.2% | -30.2% | 42.6% | 19.6% | — | — | |
| EPS (diluted) growth | -27.8% | -26.0% | 48.8% | 22.6% | — | — | |
| Free cash flow growth | -27.0% | 7.5% | 352.4% | -82.3% | — | — | |
| Margins | |||||||
| Gross margin | 36.5% | 38.6% | 37.0% | 30.7% | 31.9% | — | |
| Operating margin | 18.8% | 22.6% | 24.2% | 17.6% | 17.8% | — | |
| EBITDA margin | 26.1% | 29.0% | 29.0% | 23.6% | 24.7% | — | |
| Net margin | 11.3% | 14.1% | 16.9% | 13.9% | 13.9% | — | |
| FCF margin | 7.2% | 8.8% | 6.8% | 1.8% | 12.0% | — | |
| Returns on capital | |||||||
| Return on equity | 19.4% | 31.1% | 46.7% | 35.2% | 32.4% | — | |
| Return on assets | 4.7% | 6.6% | 9.8% | 7.9% | 7.1% | — | |
| Return on invested capital | 8.2% | 10.9% | 14.6% | 10.4% | 10.1% | — | |
| Leverage & liquidity | |||||||
| Debt / equity | 2.46x | 2.87x | 2.92x | 2.58x | 2.64x | — | |
| Net debt / EBITDA | 4.78x | 3.96x | 3.22x | 3.92x | 3.82x | — | |
| Current ratio | 2.31x | 2.13x | 1.96x | 2.02x | 2.22x | — | |
| Interest coverage | 2.65x | 3.41x | 5.95x | 8.50x | 7.72x | — | |
| Profitability & operating | |||||||
| EBIT | 9,427 | 12,554 | 15,472 | 10,189 | 8,595 | +2.3% | |
| EBITDA | 11,656 | 14,672 | 17,476 | 12,084 | 10,645 | +2.3% | |
| Operating income | 8,416 | 11,427 | 14,591 | 9,026 | 7,663 | +2.4% | |
| Income before tax | 6,257 | 9,182 | 13,026 | 9,137 | 7,623 | -4.8% | |
| Net income | 5,027 | 7,100 | 10,166 | 7,131 | 5,963 | -4.2% | |
| Earnings per share | |||||||
| EPS (basic) | $18.56 | $25.72 | $34.80 | $23.42 | $19.14 | -0.8% | |
| EPS (diluted) | $18.50 | $25.62 | $34.63 | $23.28 | $18.99 | -0.7% | |
| Share count (millions) | |||||||
| Weighted avg shares outstanding | 271 | 276 | 292 | 305 | 312 | -3.4% | |
| Weighted avg shares outstanding (diluted) | 272 | 277 | 294 | 306 | 314 | -3.6% | |
| Balance sheet highlights | |||||||
| Net debt | 55,660 | 58,139 | 56,234 | 47,427 | 40,714 | +8.1% | |
| Total debt | 63,936 | 65,463 | 63,692 | 52,201 | 48,731 | +7.0% | |
| Total investments | 1,921 | 1,276 | 1,072 | 851 | 903 | +20.8% | |
| Total stockholders' equity | 25,950 | 22,836 | 21,785 | 20,262 | 18,431 | +8.9% | |
| Total assets | 105,996 | 107,320 | 104,087 | 90,030 | 84,114 | +6.0% | |
| Cash flow highlights | |||||||
| Free cash flow | 3,231 | 4,429 | 4,121 | 911 | 5,146 | -11.0% | |
| Operating cash flow | 7,459 | 9,231 | 8,589 | 4,699 | 7,726 | -0.9% | |
| Capital expenditure | (4,228) | (4,802) | (4,468) | (3,788) | (2,580) | — | |
| Net cash from operating activities | 7,459 | 9,231 | 8,589 | 4,699 | 7,726 | -0.9% | |
| Additional fields | |||||||
| Accrued Expenses | 5,331 | 5,553 | 5,705 | 4,925 | 4,283 | +5.6% | |