DE logo
Deere & Company
DE
683.99 (-0.24%) 1.64
Market cap
$184.42(B)
Earnings date
Nov-25-2026
Category
Sector
Industrials
Industry
Machinery
Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture Small Agriculture and Turf Construction and Forestry and Financial Services. The Production and Precision Agriculture segment provides four-wheel-drive track and row crop tractors harvesters cotton pickers and strippers sugarcane harvesters and loaders soil preparation tillage seeding and crop care equipment as well as application equipment including sprayers and nutrient management soil preparation machinery and related attachments and service parts. The Small Agriculture and Turf segment offers specialty utility and compact tractors; self-propelled forage harvesters and attachments; rotary mowers hay and forage equipment and utility vehicles; turf and utility equipment including riding lawn commercial mowing and golf course equipment and utility vehicles as well as implements for mowing tilling snow and debris handling aerating residential commercial golf and sports turf care applications. The Construction and Forestry segment provides backhoe loaders crawler dozers and loaders four-wheel-drive loaders excavators motor graders articulated dump trucks skid-steer loaders milling machines recyclers slipform and asphalt pavers surface miners compactors tandem static rollers mobile crushers and screens mobile and stationary asphalt plants and log harvesters; and road building and rehabilitation equipment. The Financial Services segment finances sales and leases agriculture and turf and construction and forestry equipment. It also offers wholesale financing to dealers of the foregoing equipment; and extended equipment warranties. Deere & Company has a strategic partnership with Tarter USA to develop and produce flex wing rotary cutters. The company was founded in 1837 and is headquartered in Moline Illinois.
EV: $257.76(B)
Total Equity: $28.04(B)
Debt/Equity: 2.30
Dividend/share: $6.5
Div. yield: 0.95%
P/E: 37.92
Forward P/E: 37.81
P/FCF: 57.09
P/S: 3.86
P/B: 6.59
EPS: $18.0
EPS (fwd): $18.1
FCF/share: $12.0
Revenue/share: $177.4
Book value/share: $103.8
ROIC: 5.6%
ROA: 4.7%
ROE: 20.6%
Margins: Gross | Op. | Net
25.2% | 18.8% | 10.2%
0.0%of Portfolio
My holdings
Day change
Total change
PEvaluation
64%
$246
Valuation summary
Min
Max
Average
Median
Valuation comparison
Current price$684
Quality checklist score
5/8
Based on your selected metrics.
5Y Shares Out Change < 0% Current Ratio > 1 Quick Ratio > 1 Net Margin > 10% Est. EPS Growth > 5%
ROIC > 10% Debt/Equity < 1 Past Net Income CAGR > 0%

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$47.93(B)
Gross profit$12.07(B)
EBITDA$8.60(B)
Net income$4.87(B)
Gross margin25.2%
Operating margin18.8%
Net margin10.2%
Shares outstanding269.63(M)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsCurrent liabilitiesLong term debtOther LT liabilitiesEquity
Total assets$107.61(B)
Current assets$77.88(B)
Total liabilities$79.57(B)
Current liabilities$36.53(B)
Cash & Short-term inv.$6.94(B)
Long-term debt$8.83(B)
Total intangibles$5.41(B)
PP&E$7.97(B)

Cash flow (TTM)

CFOCFICFF
FCF$3.23(B)
CapEx$-4.02(B)
Dividends paid$-1.75(B)
Stock issued$0
Stock repurchased$-699.00(M)
Stock-based comp.$163.00(M)
Debt issued$11.03(B)
Debt repaid$-13.34(B)

Per share data (TTM)

Price
Price
$684
Income
Revenue
$1773.9x|25.9%
Gross profit
$44.815.3x|6.5%
Earnings (EPS)
$18.037.9x|2.6%
Cash flow
FCF
$12.057.1x|1.8%
Stock-based comp.
$0.601131.4x|0.1%
CapEx
$14.945.9x|2.2%
Dividend
$6.48105.6x|0.9%
Balance sheet
Total assets
$3991.7x|58.3%
Total liabilities
$2952.3x|43.1%
Book value
$1046.6x|15.2%
Cash & ST inv.
$25.726.6x|3.8%
Debt
$32.720.9x|4.8%
Forward earnings
EPS FY+1
$18.137.8x|2.6%
EPS FY+2
$22.730.1x|3.3%
EPS FY+3
$28.623.9x|4.2%
EPS FY+4
$44.215.5x|6.5%
EPS FY+5
$49.813.7x|7.3%
Forward FCF
FCF FY+1
$15.045.5x|2.2%
FCF FY+2
$22.230.8x|3.2%
FCF FY+3
$23.529.1x|3.4%
FCF FY+4
$40.416.9x|5.9%
FCF FY+5
$44.915.2x|6.6%

Summary

DE Valuation & Price Targets

Favorite Valuation Methods

PEvaluation
Analyst targets
DCF (2-stage)

More Valuation Methods

DCF (simple)
DCF (exit mult.)
DDM
EPS growth
Revenue growth
Peter Lynch FV
Graham No.

PEvaluation

CURRENT PRICE
$684
64% Overvalued
BEAR
BASE
BULL
Fair P/E
Margin of safety
EPS
Market Model
ROICRevenue growthFCF MarginShares outstan...Debt/EquityDebt/EBITDA
Economic moat: None/narrow

EPS Estimates

LowAvgHigh#
FY+117.818.118.520
FY+219.922.726.520
FY+323.428.638.013
FY+444.244.244.21
FY+549.849.849.81

Analyst Price Targets

CURRENT PRICE
$684
3% Undervalued
BEAR
BASE
BULL

Analyst Recommendations

Strong Buy5
Buy10
Hold8
Sell0
Strong Sell1

2-stage DCF

First Stage Duration: 5 Years
Starting Free Cash Flow
First Stage Growth Rate
Low
Mid
High
Terminal Growth Rate
Low
Mid
High
Discount Rate

Discounted Cash Flow

Forecast years: 5 Years
Terminal Growth Rate
Low
Mid
High
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Discounted Cash Flow (exit mult.)

Forecast years: 5 Years
Exit FCF Multiple
Low
Mid
High
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Dividend Discount Model

Annual Dividend
First Stage Length (Years): 0 Years
First Stage Growth Rate
Low
Mid
High
Final Growth Rate
Low
Mid
High
Discount Rate

EPS Growth

Forecast years: 5 Years
Starting EPS
EPS Growth Rate
Low
Mid
High
Final P/E
Low
Mid
High
Discount Rate

Revenue Growth Valuation

Forecast Years: 10 Years
Base Revenue
Revenue Growth Rate
Low
Mid
High
Final Net Margin
Low
Mid
High
Final P/E Ratio
Low
Mid
High
Discount Rate

Peter Lynch Fair Value

Earnings Per Share
Growth Rate
Low
Mid
High

Graham Formula

Earnings Per Share
EPS Growth (7-10 years)
Low
Mid
High
Government Bond Rate

Growth Estimates

Revenue

CAGR0.5%
TTMFY+1FY+2FY+3
TTM
$47.93(B)
FY+1
14
14%
$41.12(B)
FY+2
14
8%
$44.50(B)
FY+3
9
9%
$48.59(B)

Net Income

CAGR20.4%
TTMFY+1FY+2FY+3FY+4FY+5
TTM
$4.87(B)
FY+1
17
0%
$4.89(B)
FY+2
17
23%
$6.00(B)
FY+3
12
23%
$7.38(B)
FY+4
1
52%
$11.22(B)
FY+5
1
10%
$12.34(B)

EPS

CAGR22.5%
TTMFY+1FY+2FY+3FY+4FY+5
TTM
$18.04
FY+1
20
0%
$18.09
FY+2
20
25%
$22.69
FY+3
13
26%
$28.60
FY+4
1
55%
$44.19
FY+5
1
13%
$49.78

FCF per share

CAGR30.2%
TTMFY+1FY+2FY+3FY+4FY+5
TTM
$11.98
FY+1
7
25%
$15.02
FY+2
8
48%
$22.19
FY+3
7
6%
$23.53
FY+4
1
72%
$40.44
FY+5
1
11%
$44.89

Historical Financials (in USD)

Income(show more...)
Q4'20 (TTM)Q4'21 (TTM)Q4'22 (TTM)Q4'23 (TTM)Q4'24 (TTM)Q4'25 (TTM)0.010.0(B)20.0(B)30.0(B)40.0(B)50.0(B)60.0(B)
Revenue Operating Income Net IncomeCOGSGross ProfitTotal OpEx.R&DSG&AInterest ExpenseInterest IncomeOther Non-operating IncomePre-tax incomeIncome tax
Cash flow(show more...)
Q4'20 (TTM)Q4'21 (TTM)Q4'22 (TTM)Q4'23 (TTM)Q4'24 (TTM)Q4'25 (TTM)0.02.0(B)4.0(B)6.0(B)
Stock-based Comp. FCFCFONet IncomeD&AChange in Working CapitalCFFStock IssuedStock RepurchasedDebt IssuedDebt RepaidDividend PaidCFIAcquisitionsDivestituresCapital Expenditures
Balance sheet(show more...)
Q4'20 (TTM)Q4'21 (TTM)Q4'22 (TTM)Q4'23 (TTM)Q4'24 (TTM)Q4'25 (TTM)0.020.0(B)40.0(B)60.0(B)80.0(B)100.0(B)
Total Assets Total LiabilitiesCurrent assetsCash and EquivalentsShort-term investmentsInventoriesReceivablesNon-current assetsNet PP&EIntangible AssetsGoodwillCurrent liabilitiesShort-Term DebtAccounts payableNon-current liabilitiesLong-Term DebtTotal Equity
Per share data(show more...)
Q4'20 (TTM)Q4'21 (TTM)Q4'22 (TTM)Q4'23 (TTM)Q4'24 (TTM)Q4'25 (TTM)0.05.010.015.020.025.030.0
EPS (Basic) FCF/Share Dividend/ShareEPS (Diluted)Book value/ShareCash & ST inv./ShareDebt/Share
Ratios(show more...)
Q4'20 (TTM)Q4'21 (TTM)Q4'22 (TTM)Q4'23 (TTM)Q4'24 (TTM)Q4'25 (TTM)0.05.010.015.020.025.030.0
P/E P/S EV/EarningsP/FCFP/BDebt/EquityPayout ratio
Margins(show more...)
Q4'20 (TTM)Q4'21 (TTM)Q4'22 (TTM)Q4'23 (TTM)Q4'24 (TTM)Q4'25 (TTM)0%10%20%30%
Net Income Margin Operating Margin Gross MarginEBITDA Margin
Returns(show more...)
Q4'20 (TTM)Q4'21 (TTM)Q4'22 (TTM)Q4'23 (TTM)Q4'24 (TTM)Q4'25 (TTM)0%2%4%6%8%10%12%
ROIC ROAROCEROE
Shares outstanding(show more...)
Q4'20 (TTM)Q4'21 (TTM)Q4'22 (TTM)Q4'23 (TTM)Q4'24 (TTM)Q4'25 (TTM)0.050.0(M)100.0(M)150.0(M)200.0(M)250.0(M)300.0(M)
Shares (Basic)Shares (Diluted)
Market Cap.(show more...)
Q4'20 (TTM)Q4'21 (TTM)Q4'22 (TTM)Q4'23 (TTM)Q4'24 (TTM)Q4'25 (TTM)0.020.0(B)40.0(B)60.0(B)80.0(B)100.0(B)120.0(B)
Market Cap.

KPIs

Revenue By Type(show more...)
3/20246/20249/202412/20243/20256/20259/202512/20253/20266/2026
Net Sales Finance and Interest Other
Operating Expense Breakdown(show more...)
3/20246/20249/202412/20243/20256/20259/202512/20253/20266/2026
Interest Expense Research and Development Selling, General, and Administrative Other Expenses
Operating Income By Segment(show more...)
3/20246/20249/202412/20243/20256/20259/202512/20253/20266/2026
Construction and Forestry Financial Services
Revenue By Geography(show more...)
12/20233/20246/20249/202412/20243/20256/20259/202512/20253/2026
Asia, Africa, Oceania, and Middle East Central Europe and CIS LATAM Western Europe

DE vs Peers

Similar Companies

Ownership

Major holders

*Excludes indirect insider ownership

Insiders: 0.17%
Institutions: 84.74%
Other: 15.09%

Institutional ownership

6.87% Blackrock Inc.6.14% Vanguard Capital Manag...4.26% Capital World Investor...4.03% State Street Corporati...3.41% JPMORGAN CHASE & CO2.80% Price (T.Rowe) Associa...2.77% FMR, LLC2.37% Capital International ...2.12% Geode Capital Manageme...1.62% Morgan Stanley48.35% Others

Trading Summary

In the past year, insiders have sold a net of $52.74(M).

Total insider buys: $0.00
Total insider sells: $52.74(M)

In the past year, Congress members have bought a net of $498.50.

Total congressional buys (avg): $56502
Total congressional sells (avg): $56004

Based on the reported ranges: buys $18004–$95000, sells $7007–$105000.

Insider transactions

$0.002026-10$0.00
$0.002026-09$0.00
$20.27(M)2026-08$0.00
$0.002026-07$0.00
$0.002026-06$0.00
$0.002026-05$0.00
$0.002026-04$0.00
$0.002026-03$0.00
$0.002026-02$0.00
$26.92(M)2026-01$0.00
$0.002025-12$0.00
$5.55(M)2025-11$0.00
$0.002025-10$0.00
DateSharesTotal ($)Price ($)NameTitle
Grant2026-08-247,8392,778,485354.4CAMPBELL RYAN DAVIDOfficer
Sell2026-08-247,8395,124,872653.8CAMPBELL RYAN DAVIDOfficer
Grant2026-08-2123,2608,100,380348.3CAMPBELL RYAN DAVIDOfficer
Sell2026-08-2123,26015,146,375651.2CAMPBELL RYAN DAVIDOfficer
Grant2026-03-0429300.0SIKES JAMES BRIANDirector
Grant2026-03-0429300.0PAGE GREGORY RDirector
Grant2026-03-0429300.0TALTON SHEILADirector
Grant2026-03-0429300.0STOCKTON DMITRI LDirector
Grant2026-03-0429300.0ERWIN TAMI ADirector
Grant2026-03-0429300.0HUNN LAURENCE NEILDirector
Grant2026-03-0429300.0FEIGHT ROBERT PRESTONDirector
Grant2026-03-0429300.0CARET LEANNE GDirector
Grant2026-03-0429300.0HEUBERGER ALAN CLETUSDirector
Grant2026-01-1412,0002,036,400169.7REED CORY J.Officer
Sell2026-01-1412,0006,120,000510.0REED CORY J.Officer
Grant2026-01-0841,47210,568,310254.8MAY JOHN C. IIChief Executive Officer
Sell2026-01-0841,47220,797,649501.5MAY JOHN C. IIChief Executive Officer
Grant2025-12-101,91900.0JEPSEN JOSHUA AChief Financial Officer
Grant2025-12-102,20700.0ROSE JUSTIN RYANOfficer
Grant2025-12-101,91900.0HINDMAN JAHMY J.Chief Technology Officer
Grant2025-12-102,20700.0KOVAR DEANNA MOfficer
Grant2025-12-109,79600.0MAY JOHN C. IIChief Executive Officer
Grant2025-12-101,91900.0KALATHUR RAJESHChief Technology Officer
Grant2025-12-102,01500.0REED CORY J.Officer
Grant2025-12-102,11100.0CAMPBELL RYAN DAVIDOfficer
Grant2025-12-102,01500.0PRYOR FELECIA JOfficer
Grant2025-12-101,91900.0WALKER KELLYE LOfficer
Grant2025-12-098800.0SIKES JAMES BRIANDirector
Grant2025-11-2511,1062,830,142254.8MAY JOHN C. IIChief Executive Officer
Sell2025-11-2511,1065,553,888500.1MAY JOHN C. IIChief Executive Officer

Congressional trading

$0.002026-10$0.00
$0.002026-09$0.00
$0.002026-08$0.00
$0.002026-07$0.00
$0.002026-06$0.00
$0.002026-05$0.00
$0.002026-04$0.00
$0.002026-03$0.00
$0.002026-02$0.00
$0.002026-01$16001
$80012025-12$32501
$80012025-11$0.00
$240022025-10$8001
DatePoliticianPartyChamberAmount ($)
Buy2026-01-29Ro KhannaDHouse$1,001 - $15,000
Buy2026-01-23Ro KhannaDHouse$1,001 - $15,000
Buy2025-12-29Markwayne MullinRSenate$15,001 - $50,000
Sell2025-12-18Julie JohnsonDHouse$1,001 - $15,000
Sell2025-11-13Julie JohnsonDHouse$1,001 - $15,000
Buy2025-10-24Ro KhannaDHouse$1,001 - $15,000
Sell2025-10-22Julie JohnsonDHouse$1,001 - $15,000
Sell2025-10-07Ro KhannaDHouse$1,001 - $15,000
Sell2025-10-07Ro KhannaDHouse$1,001 - $15,000
Sell2025-09-23Val T. HoyleDHouse$1,001 - $15,000
Sell2025-09-22Julia LetlowRHouse$1,001 - $15,000

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