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DE · NYSE · United States · Farm Machinery & Equipment
In shortDEERE & CO is profitable, generates cash and carries moderate debt, with revenue shrinking (−11.7% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | – | n/a |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 11.0% | 64/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 20.6% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | – | n/a |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | – | n/a |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.53× | 82/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | – | n/a |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | – | n/a |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 13.4% | 73/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.21× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 18.6% | 42/100 |
| Operating margin volatility | 1.6% | 94/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -4.6% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | -7.4% | 0/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 44,024 | 52,577 | 61,251 | 51,716 | 45,684 |
| Research & development | 1,587 | 1,912 | 2,177 | 2,290 | 2,311 |
| Selling, general & admin | 3,383 | 3,863 | 4,595 | 4,840 | 4,663 |
| Operating income | 8,012 | 9,508 | 12,958 | 9,039 | – |
| Interest expense | 993 | 1,062 | 2,453 | 3,348 | 3,170 |
| Pre-tax income | 7,602 | 9,127 | 13,019 | 9,206 | 6,257 |
| Income tax | 1,658 | 2,007 | 2,871 | 2,094 | 1,259 |
| Net income | 5,963 | 7,131 | 10,166 | 7,100 | 5,027 |
| Diluted EPS | $18.99 | $23.28 | $34.63 | $25.62 | $18.50 |
| Diluted shares (millions) | 314 | 306 | 294 | 277 | 272 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
Not computed: a required balance-sheet item is missing.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Aug 2, 2026 · Data updated Aug 27, 2026