Deere & Company Income Statement

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

Millions USD. Fiscal year is Dec - Nov.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 1, 2026	Nov '25 Nov 2, 2025	Oct '24 Oct 27, 2024	Oct '23 Oct 29, 2023	Oct '22 Oct 30, 2022	Oct '21 Oct 31, 2021
Revenue	46,786	45,684	51,716	61,251	52,577	44,024
Revenue Growth (YoY)	-2.61%	-11.66%	-15.57%	16.50%	19.43%	23.87%
Cost of Revenue	29,403	28,159	30,775	37,715	35,338	29,116
Gross Profit	17,383	17,525	20,941	23,536	17,239	14,908
Selling, General & Admin	4,662	4,663	4,840	4,595	3,863	3,383
Research & Development	2,339	2,311	2,290	2,177	1,912	1,587
Other Operating Expenses	1,125	1,124	1,257	1,292	1,275	1,343
Total Operating Expenses	8,126	8,098	8,387	8,064	7,050	6,313
Operating Income	9,257	9,427	12,554	15,472	10,189	8,595
Interest Expense	-3,059	-3,170	-3,348	-2,453	-1,062	-993
Total Non-Operating Income (Expense)	-3,059	-3,170	-3,348	-2,453	-1,062	-993
Pretax Income	6,198	6,257	9,206	13,019	9,127	7,602
Provision for Income Taxes	1,428	1,259	2,094	2,871	2,007	1,658
Net Income	4,814	5,027	7,100	10,166	7,131	5,963
Minority Interest in Earnings	-27	-29	-12	-11	-1	2
Net Income to Common	4,814	5,027	7,100	10,166	7,131	5,963
Net Income Growth	-22.58%	-29.20%	-30.16%	42.56%	19.59%	116.76%
Shares Outstanding (Basic)	271	271	276	292	305	312
Shares Outstanding (Diluted)	271	272	277	294	306	314
Shares Change (YoY)	-1.29%	-1.95%	-5.62%	-4.15%	-2.45%	-0.82%
EPS (Basic)	17.78	18.55	25.73	34.80	23.28	19.14
EPS (Diluted)	17.74	18.50	25.62	34.63	23.28	18.99
EPS Growth	-21.37%	-27.79%	-26.02%	48.75%	22.59%	118.53%
Shares Outstanding	270.11	270.33	271.76	281.58	298.77	307.41
Free Cash Flow	3,576	3,231	4,429	4,121	911	5,146
Free Cash Flow Growth	10.68%	-27.05%	7.47%	352.36%	-82.30%	6.61%
Free Cash Flow Per Share	13.18	11.89	15.98	14.04	2.97	16.39
Dividends Per Share	6.480	6.480	5.880	5.050	4.360	3.610
Dividend Growth	-	10.20%	16.44%	15.83%	20.78%	18.75%
Gross Margin	37.15%	38.36%	40.49%	38.43%	32.79%	33.86%
Operating Margin	19.79%	20.64%	24.27%	25.26%	19.38%	19.52%
Profit Margin	10.23%	10.94%	13.71%	16.58%	13.56%	13.55%
FCF Margin	7.64%	7.07%	8.56%	6.73%	1.73%	11.69%
EBITDA	11,527	11,656	14,672	17,476	12,084	10,645
EBITDA Margin	24.64%	25.51%	28.37%	28.53%	22.98%	24.18%
EBIT	9,257	9,427	12,554	15,472	10,189	8,595
EBIT Margin	19.79%	20.64%	24.27%	25.26%	19.38%	19.52%
Effective Tax Rate	23.04%	20.12%	22.75%	22.05%	21.99%	21.81%

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q