Deere is the world's leading manufacturer of agricultural equipment and a major producer of construction machinery.
It is a $168B industrial company. Revenue grew 8.3% over the last year, it keeps 10¢ of every dollar of sales as profit, and its net debt equals ~47.3 years of free cash flow. It trades at 34.4× earnings — near the highest of its own history.
- Website
- deere.com
- Location
- Moline, IL
- Employees
- 73 100
- Sector
- Industrials
- Founded
- 1868
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Valuation, Growth and Health lag behind.
Valuation37
- P/E vs own history96th pct · 0/25
- FCF yield0.7% · 5/25
- P/S3.5x · 20/25
- EV/EBITDA19.0x · 12/25
Growth38
- Revenue CAGR0.9% · 6/25
- Net income CAGR-4.2% · 0/25
- EPS CAGR ~5Y16.3% · 20/25
- Fwd implied growth7.6% · 12/25
Profitability65
- ROIC6.0% · 5/25
- ROE18.1% · 20/25
- Net margin10.2% · 20/25
- Operating margin19.5% · 20/25
Health41
- Altman Z3.02 · 25/25
- Current ratio0.94 · 6/25
- Interest coverage3.0x · 10/25
- Net cash / debtD/A 54% · 0/25
Quality68
- Piotroski F6/9 · 15/25
- Beneish M-2.55 · 25/25
- FCF conversion25% · 8/25
- Margin stabilityσ 5.7% · 20/25
Moat62
- ROIC >12% years5/10 yrs · 13/25
- Median gross margin29.2% · 6/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 5.7% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2023FinancialBest year on record$10.2B net income
- FY2022FinancialRevenue crossed $50B$52.6B for the year
- 2017AcquisitionDeere & Company signed a definitive agreement to acquire Blue River Technology
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $10B$26.6B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- 1999ProductDeere introduced the 50 series Maximizer combines
- 1983ProductDeere introduced the 4050, 4250, 4450, 4650, and 4850
- 1972ProductDeere introduced its new Generation II 'Sound Idea Tractors', the 4030, 4230, 4430
- 1960MilestoneJohn Deere first began selling the "10" series of tractors
- 1959ProductThe success of the "10" series John Deere tractors, led by the 4010, helped propel John Deere from a 23% market…
- 1947ProductJohn Deere introduced its first self-propelled combine, model 55
- 1923ProductDeere & Company continued to sell tractors under the Waterloo Boy name until 1923
- 1868FoundedThe company was reorganized again in 1868 when it was incorporated as Deere & Company
- 1853AcquisitionDeere bought out Tate and Gould's interests in the company in 1853
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Altman Z-Score 3.02 — low bankruptcy-risk zone
Watch-outs
- Net debt would take ~47.2 years of free cash flow to repay
- Net debt equals ~47.3 years of free cash flow
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+8.3% YoY
- Profitable — makes more than it spends$4.87B TTM
- Profit growing — earnings are higher than last year-7.4% YoY
- Generates cash — cash left after running and investing$1.22B TTM
- Debt under control — could handle its obligations~47.3y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$168B market cap
- Not printing shares — share count not ballooning — you keep your slice-14.2% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 3.0 — safe
- Pays a dividend — returns cash to shareholdersyield 1.05%
- Valuation not extreme — price not wildly above earningsP/E 34.4
Peer comparisonDeere & Company vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| DE this company | $167.7B | 34.4 | +8.3% | 10.2% | Solid |
| LRCX Lam Research Corp | $399.2B | 54.9 | +26.0% | 31.3% | Strong |
| CAT Caterpillar Inc. | $368.0B | 33.9 | +18.4% | 14.5% | Solid |
| RTX RTX Corporation | $251.3B | 32.4 | +11.8% | 8.3% | Strained |
| ETN Eaton Corporation, plc | $167.2B | 43.6 | +15.5% | 12.8% | Mixed |
| UNP Union Pacific Corp. | $166.8B | 22.6 | +4.2% | 28.8% | Strained |
| BA Boeing Company | $150.6B | 61.8 | +24.8% | 2.6% | Strained |
Head-to-head: DE vs LRCX · DE vs CAT · DE vs RTX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/DE
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of DE on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $621.96 · market cap $168B.