Deere & Company Income Statement

Financials in millions USD. Fiscal year is November - October.

Millions USD. Fiscal year is Nov - Oct.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jul '25 Jul 27, 2025	Oct '24 Oct 27, 2024	Oct '23 Oct 29, 2023	Oct '22 Oct 30, 2022	Oct '21 Oct 31, 2021	Nov '20 Nov 1, 2020	2016 - 2020
Operating Revenue	37,613	44,759	55,565	47,917	39,737	31,272	Upgrade
Other Revenue	6,637	6,773	5,657	4,646	4,246	4,242	Upgrade
Revenue	44,250	51,532	61,222	52,563	43,983	35,514	Upgrade
Revenue Growth (YoY)	-20.92%	-15.83%	16.47%	19.51%	23.85%	-9.48%	Upgrade
Cost of Revenue	26,745	30,735	37,715	35,247	29,116	23,460	Upgrade
Gross Profit	11,910	15,202	18,755	14,396	12,223	8,934	Upgrade
Selling, General & Admin	3,481	3,702	3,428	2,964	2,879	2,732	Upgrade
Research & Development	2,224	2,257	2,177	1,912	1,587	1,589	Upgrade
Other Operating Expenses	-281	-168	-244	-243	-169	65	Upgrade
Operating Expenses	5,424	5,791	5,361	4,633	4,297	4,386	Upgrade
Operating Income	6,486	9,411	13,394	9,763	7,926	4,548	Upgrade
Interest Expense	-96	-166	-91	-263	-306	-305	Upgrade
Interest & Investment Income	127	127	29	14	41	26	Upgrade
Earnings From Equity Investments	-17	-24	7	10	21	-48	Upgrade
Currency Exchange Gain (Loss)	-71	-71	-122	-132	-59	122	Upgrade
EBT Excluding Unusual Items	6,429	9,277	13,217	9,392	7,623	4,343	Upgrade
Merger & Restructuring Charges	-152	-152	-	-14	-	-355	Upgrade
Gain (Loss) on Sale of Assets	-	-	-18	-	-	-24	Upgrade
Asset Writedown	-	-	-	-88	-	-129	Upgrade
Legal Settlements	57	57	-	-	-	-	Upgrade
Other Unusual Items	-	-	-173	-153	-	-	Upgrade
Pretax Income	6,334	9,182	13,026	9,137	7,623	3,835	Upgrade
Income Tax Expense	1,154	2,094	2,871	2,007	1,658	1,082	Upgrade
Earnings From Continuing Operations	5,180	7,088	10,155	7,130	5,965	2,753	Upgrade
Minority Interest in Earnings	27	12	11	1	-2	-2	Upgrade
Net Income	5,207	7,100	10,166	7,131	5,963	2,751	Upgrade
Net Income to Common	5,207	7,100	10,166	7,131	5,963	2,751	Upgrade
Net Income Growth	-36.69%	-30.16%	42.56%	19.59%	116.76%	-15.43%	Upgrade
Shares Outstanding (Basic)	272	276	292	305	312	314	Upgrade
Shares Outstanding (Diluted)	272	277	294	306	314	317	Upgrade
Shares Change (YoY)	-2.84%	-5.62%	-4.15%	-2.45%	-0.82%	-1.25%	Upgrade
EPS (Basic)	19.18	25.72	34.79	23.42	19.14	8.78	Upgrade
EPS (Diluted)	19.12	25.62	34.63	23.28	18.99	8.69	Upgrade
EPS Growth	-34.83%	-26.02%	48.75%	22.59%	118.53%	-14.38%	Upgrade
Free Cash Flow	4,101	4,429	4,121	911	5,146	4,827	Upgrade
Free Cash Flow Per Share	15.06	15.98	14.04	2.97	16.39	15.25	Upgrade
Dividend Per Share	1.470	5.880	5.050	4.360	3.610	3.040	Upgrade
Dividend Growth	-74.48%	16.44%	15.83%	20.78%	18.75%	-	Upgrade
Gross Margin	26.91%	29.50%	30.63%	27.39%	27.79%	25.16%	Upgrade
Operating Margin	14.66%	18.26%	21.88%	18.57%	18.02%	12.81%	Upgrade
Profit Margin	11.77%	13.78%	16.61%	13.57%	13.56%	7.75%	Upgrade
Free Cash Flow Margin	9.27%	8.60%	6.73%	1.73%	11.70%	13.59%	Upgrade
EBITDA	8,494	11,349	15,254	11,541	9,855	6,533	Upgrade
EBITDA Margin	19.20%	22.02%	24.92%	21.96%	22.41%	18.39%	Upgrade
D&A For EBITDA	2,008	1,938	1,860	1,778	1,929	1,985	Upgrade
EBIT	6,486	9,411	13,394	9,763	7,926	4,548	Upgrade
EBIT Margin	14.66%	18.26%	21.88%	18.57%	18.02%	12.81%	Upgrade
Effective Tax Rate	18.22%	22.80%	22.04%	21.97%	21.75%	28.21%	Upgrade
Revenue as Reported	44,434	51,716	61,251	52,577	44,024	35,540	Upgrade
Advertising Expenses	-	230	244	227	212	196	Upgrade

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.