Deere Financial Statements
NYSE: DEIndustrialsIndustrial Machinery/ComponentsUSD
Market open · Delayed 15 min · as of Oct 9, 3:11 PM ET
Deere revenue and earnings
In fiscal 2025, Deere generated $45.68 billion in revenue, down 11.7% from fiscal 2024, its first annual decline since 2024. Net income was $5.03 billion (-29.2% year over year), for a net margin of 11.0% versus a median of 13.6% in the prior 5 years. Diluted earnings per share came in at $18.50, down from $25.62.
Over the last 5 fiscal years, DE's revenue has grown at a 5.2% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Deere income statement (annual)
| Fiscal year (USD) | FY 20252025-11-02 | FY 20242024-10-27 | FY 20232023-10-29 | FY 20222022-10-30 | FY 20212021-10-31 | FY 20202020-11-01 | FY 20192019-11-03 | FY 20182018-10-28 | FY 20172017-10-29 | FY 20162016-10-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 45.68B | 51.72B | 61.25B | 52.58B | 44.02B | 35.54B | 39.26B | 37.36B | 29.74B | 26.64B |
| Revenue growth (YoY) | -11.66% | -15.57% | +16.50% | +19.43% | +23.87% | -9.47% | +5.09% | +25.62% | +11.61% | 0.00% |
| Cost of Revenue | — | — | — | — | — | — | — | — | 19.93B | 18.25B |
| Gross Profit | — | — | — | — | — | — | — | — | 9.80B | 8.40B |
| Operating Expenses | — | — | — | — | — | — | — | — | 6.23B | 5.81B |
| Research & Development | 2.31B | 2.29B | 2.18B | 1.91B | 1.59B | 1.64B | 1.78B | 1.66B | 1.37B | 1.39B |
| Selling, General & Admin | 4.66B | 4.84B | 4.59B | 3.86B | 3.38B | 3.48B | 3.55B | 3.46B | 3.10B | 2.76B |
| Operating Income | — | 9.04B | 12.96B | 9.51B | 8.01B | 4.30B | 4.42B | 4.48B | 3.57B | 2.59B |
| Interest Expense | 3.17B | 3.35B | 2.45B | 1.06B | 993.00M | 1.25B | 1.47B | 1.20B | 899.00M | 763.70M |
| Pretax Income | 6.26B | 9.21B | 13.02B | 9.13B | 7.60B | 3.88B | 4.09B | 4.07B | 3.15B | 2.22B |
| Income Tax | 1.26B | 2.09B | 2.87B | 2.01B | 1.66B | 1.08B | 852.00M | 1.73B | 971.00M | 700.10M |
| Net Income | 5.03B | 7.10B | 10.17B | 7.13B | 5.96B | 2.75B | 3.25B | 2.37B | 2.16B | 1.52B |
| Net Income growth (YoY) | -29.20% | -30.16% | +42.56% | +19.59% | +116.76% | -15.43% | +37.37% | +9.68% | +41.68% | 0.00% |
| EPS (Basic) | 18.55 | 25.73 | 34.80 | 23.42 | 19.14 | 8.77 | 10.28 | 7.34 | 6.76 | 4.83 |
| EPS (Diluted) | 18.50 | 25.62 | 34.63 | 23.28 | 18.99 | 8.69 | 10.15 | 7.24 | 6.68 | 4.81 |
| Shares Outstanding (Basic) | 270.90M | 276.00M | 292.20M | 304.50M | 311.60M | 313.50M | 316.50M | 322.60M | 319.50M | 315.20M |
| Shares Outstanding (Diluted) | 271.70M | 277.10M | 293.60M | 306.30M | 314.00M | 316.60M | 320.60M | 327.30M | 323.30M | 316.60M |
| EBITDA | — | 11.16B | 14.96B | 11.40B | 10.06B | 6.42B | 6.43B | 6.40B | 5.29B | 4.15B |
| Gross Margin | — | — | — | — | — | — | — | — | 32.97% | 31.51% |
| Operating Margin | — | 17.48% | 21.16% | 18.08% | 18.20% | 12.11% | 11.25% | 11.98% | 12.02% | 9.72% |
| Net Margin | 11.00% | 13.73% | 16.60% | 13.56% | 13.54% | 7.74% | 8.29% | 6.34% | 7.26% | 5.72% |
This table shows 10 annual periods of Deere's income statement, from FY 2025 back to FY 2016, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow DE's reporting calendar. What is a income statement?