Deere & Company
- Open
- 596.38
- Day high
- 614.92
- Day low
- 595.74
- Prev close
- 598.97
- Volume
- 908K
- Mkt cap
- $161.3B
- P/E (TTM)
- 33.8
- EPS (TTM)
- $17.69
- P/B
- 5.9
- P/S
- 3.4
- Yield
- 1.08%
- Per share
- $6.48
Deere & Company (DE) is a Industrials company listed on NYSE. The stock is up 19% over the past year. Drillr has 7 published research articles covering DE.
Deere & Company (DE) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 6 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
DE earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 21, 2026 | $5.70 | $6.55 | +14.9% | $11.8B | +2.0% |
| Feb 19, 2026 | $2.02 | $2.42 | +19.8% | $9.6B | +26.7% |
| Nov 26, 2025 | $3.84 | $3.93 | +2.3% | $12.1B | +23.0% |
| Aug 14, 2025 | $4.57 | $4.75 | +3.9% | $11.8B | +13.8% |
| May 15, 2025 | $5.56 | $6.64 | +19.4% | $12.5B | +16.1% |
| Feb 13, 2025 | $3.11 | $3.19 | +2.6% | $8.3B | +7.3% |
| Nov 21, 2024 | $3.89 | $4.55 | +17.0% | $10.8B | +17.7% |
| Aug 15, 2024 | $5.63 | $6.29 | +11.7% | $12.8B | +17.5% |
| May 16, 2024 | $7.86 | $8.53 | +8.5% | $15.0B | +12.7% |
| Feb 15, 2024 | $5.21 | $6.23 | +19.6% | $11.8B | +15.0% |
| Nov 22, 2023 | $7.47 | $8.32 | +11.4% | $15.2B | +17.4% |
| Aug 18, 2023 | $8.20 | $10.20 | +24.4% | $15.5B | +9.0% |
DE insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 4, 2026 | WALKER KELLYE L.officer: Snr VP & CLO GLSRA | Tax | 568 | $577.26 |
| Mar 5, 2026 | HUNN LAURENCE NEILdirector | Grant | 293 | — |
| Mar 5, 2026 | STOCKTON DMITRI Ldirector | Grant | 293 | — |
| Mar 5, 2026 | PAGE GREGORY Rdirector | Grant | 293 | — |
| Mar 5, 2026 | Heuberger Alan Cletusdirector | Grant | 293 | — |
| Mar 5, 2026 | Talton Sheiladirector | Grant | 293 | — |
| Mar 5, 2026 | FEIGHT R PRESTONdirector | Grant | 293 | — |
| Mar 5, 2026 | Erwin Tami A.director | Grant | 293 | — |
| Mar 5, 2026 | Caret Leanne Gdirector | Grant | 293 | — |
| Mar 5, 2026 | Sikes James Briandirector | Grant | 293 | — |
| Jan 15, 2026 | Reed Cory Jofficer: Pres, Life Sol Cust Sup & S.M. | Option | 12,000 | $169.70 |
| Jan 15, 2026 | Reed Cory Jofficer: Pres, Life Sol Cust Sup & S.M. | Sell | 12,000 | $510.00 |
| Jan 9, 2026 | May John C IIofficer: Chairman & CEO | Sell | 12,456 | $501.31 |
| Jan 9, 2026 | May John C IIofficer: Chairman & CEO | Option | 41,472 | $254.83 |
| Jan 9, 2026 | May John C IIofficer: Chairman & CEO | Sell | 15,504 | $500.46 |
Source: DE SEC Form 4 filings, latest May 4, 2026. For informational purposes only — not investment advice.
See the full DE insider & 13F page →DE research & analysis
CAT, DE: Trump 'Golden Age' Manufacturing Reality Check
New factory spending declines through Q1 2026. CAT at +62% YTD on commodity cycle, DE flat on agricultural compression — manufacturing 'renaissance' is uneven.
CATFertilizer Price Surge: CF's 41% Margins Lead MOS and NTR as Trump Probe Looms
Trump's April 11 pledge to curb fertilizer gouging amid Iran tensions highlights producers like CF, MOS, and NTR as winners from sustained price surges, while ADM, DE, and AGCO face margin squeezes from cost-stressed farmers. Backed by FY2025 financials, CF tops conviction with 41% margins and cheap valuation.
CFMOSNTRUS Factory Orders Flat 2 Months Running: CAT Wins, NUE Lags — 6 Stocks Ranked
US factory orders flat in February for the second month highlight manufacturing weakness, creating winners like diversified Honeywell and backlog-rich Caterpillar, while cyclical steelmaker Nucor and toolmaker Stanley Black & Decker lag. Analysis ranks six industrials/materials stocks by theme exposure, financials, and outlooks. Key: Favor resilience amid stagnation.
CATNUEDDStrait of Hormuz Blockade Risk: PG and COST Win While TGT and CAT Face the Squeeze
Potential Strait of Hormuz blockade risks broad inflation, favoring pricing power staples like PG, COST, and WMT while pressuring discretionary TGT and input-heavy CAT/DE. Analysis ranks PG highest conviction amid TTM metrics showing superior margins and growth resilience.
PGCOSTWMTNVDA Leads $1T Robotics Race — 6 Stocks Positioned to Win on AI and Autonomous Tech
Anchored in a 2026 report on Nvidia AI, autonomous trucking, and $1T robotics growth, this analysis ranks NVDA, TSLA, ISRG, DE, PATH, and PLTR as key winners. Nvidia leads with GPU dominance, while Tesla's Optimus eyes trillion-dollar potential amid scrutiny.
NVDATSLAISRGHIMS Stock Surges 18% After FDA Semaglutide Win — Is This the Start of a New Rally?
Supreme Court oral arguments cast doubt on Trump's birthright citizenship EO, a potential win for labor-reliant firms like MAR, HLT, HD, and MCD amid staffing woes. Financials show margin pressure but resilient FCF; stable immigration supports growth. Bullish stance with eyes on ruling.
ADMMARHLTUS Manufacturing Hits 2-Year High: CAT and DE Win While CLF and DOW Face Margin Squeeze
US manufacturing's sharp expansion since 2022 boosts machinery demand for CAT, DE, and HON, while surging input costs erode margins at steelmakers NUE/CLF and chemicals firm DOW. CAT leads with record backlog and pricing leverage; CLF lags with negative margins.
CATNUEDOW
Deere & Company company profile
Overview
Deere & Company (NYSE:DE) is a leading manufacturer of agricultural and construction equipment founded in 1837 by John Deere, a blacksmith who invented the first commercially successful steel plow. Headquartered in Moline, Illinois, the company has evolved from a small agricultural implement maker into a global industrial giant serving farmers, construction contractors, and forestry operations worldwide. Today, Deere operates through four main business segments and is recognized as one of the world's largest manufacturers of agricultural machinery, with a strong emphasis on integrating advanced technology and precision agriculture solutions into its traditional equipment offerings.
Business
Deere & Company operates in the agricultural and construction equipment manufacturing industry, producing a comprehensive range of heavy machinery and related services. The company's business is organized into four distinct segments that serve different market needs. Production and Precision Agriculture represents Deere's largest segment, accounting for approximately 50-55% of total revenue. This division manufactures large-scale farming equipment including mid-size to large tractors, combine harvesters, cotton pickers and strippers, sugarcane harvesters, tillage equipment, and seeding machinery. The "precision agriculture" component refers to technology-enabled farming solutions that use GPS, sensors, and data analytics to optimize crop yields, reduce input costs, and improve farming efficiency. These systems can automatically adjust planting depth, fertilizer application, and harvesting patterns based on real-time field conditions. Small Agriculture and Turf generates roughly 20-25% of revenue and focuses on smaller-scale agricultural operations and landscaping applications. This segment produces utility tractors, lawn mowers, golf course equipment, hay and forage equipment, and various attachments for residential, commercial, and sports turf maintenance. The division also resells complementary products from other manufacturers to provide comprehensive solutions to customers. Construction and Forestry contributes approximately 20-25% of revenue and serves the construction, infrastructure, and forestry industries. Products include excavators, bulldozers, backhoe loaders, motor graders, articulated dump trucks, forestry equipment like log skidders and harvesters, and road-building machinery. This equipment is essential for construction projects, mining operations, and forest management activities. Financial Services represents about 5-8% of revenue and provides financing solutions to support equipment sales. This segment offers loans and leases to customers purchasing Deere equipment, wholesale financing to dealers, extended warranties, and retail revolving credit accounts. The financial arm helps facilitate equipment purchases that might otherwise be difficult for customers to afford upfront.
Revenue model
Deere generates revenue primarily through equipment sales, with each business segment following a similar model of manufacturing and selling machinery through an extensive dealer network. The company sells to dealers who then retail the equipment to end customers including farmers, construction contractors, landscaping companies, and government entities. Revenue recognition typically occurs when equipment is shipped to dealers. The Financial Services segment operates on a different model, earning income through interest on loans and leases, as well as fees for various financial products. This creates a recurring revenue stream that helps stabilize cash flows during equipment market downturns. Several factors significantly impact Deere's profitability and margins. Commodity prices are perhaps the most important external driver, as higher corn, soybean, and wheat prices improve farmer incomes and drive equipment demand, while lower prices reduce purchasing power. Interest rates affect both customer financing costs and Deere's own Financial Services margins - higher rates can depress equipment demand but improve financing spreads. Weather patterns influence crop yields and farmer sentiment, with favorable conditions supporting equipment investments. Production costs including steel, rubber, and other raw materials directly impact margins, as does labor availability and wage inflation. The company's ability to implement price increases depends on market conditions and competitive dynamics. During strong demand periods, Deere can typically achieve 2-4% annual price increases, but weaker markets may require pricing discipline or incentives. Technology adoption represents an increasingly important margin driver, as precision agriculture solutions command premium pricing and create opportunities for recurring software and service revenue. The company's inventory management also significantly affects margins, as overproduction during market downturns can lead to discounting and reduced profitability.
Competitive moat
Deere possesses a moderately strong economic moat built on several competitive advantages, though the sustainability of these advantages faces ongoing challenges. The company's primary moat stems from its extensive dealer network of approximately 3,000 dealers worldwide, which creates significant switching costs for customers who rely on local service, parts availability, and financing relationships. This network took decades to build and would be extremely difficult for competitors to replicate. Brand recognition and customer loyalty in agricultural markets runs particularly deep, with many farming families purchasing Deere equipment across multiple generations. The iconic green and yellow color scheme and "Nothing Runs Like a Deere" slogan represent trusted quality in agricultural communities. However, this loyalty is not absolute and can erode during extended periods of poor product performance or service issues. The company's scale advantages in manufacturing, R&D spending, and global distribution provide cost efficiencies that smaller competitors struggle to match. Deere's ability to invest billions annually in technology development, particularly in precision agriculture and autonomous systems, creates technological differentiation that supports premium pricing. However, Deere's moat faces meaningful challenges. Commodity cyclicality creates inherent volatility that no amount of competitive advantage can fully overcome. During severe agricultural downturns, even loyal customers may defer purchases or switch to used equipment. Emerging competitors from lower-cost regions, particularly Chinese manufacturers like Lovol and YTO, are gaining market share in price-sensitive segments and geographies. Technology disruption presents both opportunity and risk. While Deere is investing heavily in precision agriculture, autonomous systems, and electrification, technology companies like CNH Industrial, AGCO, and even tech giants could potentially leapfrog Deere's offerings. The shift toward software-based solutions also creates new competitive dynamics where traditional manufacturing advantages may be less relevant. The company's moat is moderate rather than exceptional - strong enough to maintain market leadership and pricing power during normal conditions, but not impervious to cyclical downturns or technological disruption.
Risks & safety
Deere presents a moderate margin of safety with manageable financial risks but elevated valuation concerns during the current market downturn. Liquidity and Solvency: • Cash and short-term investments: $6.6 billion as of Q1 2025 • Current ratio: 2.20, indicating strong short-term liquidity • Debt-to-equity ratio: 2.88, though this includes Financial Services debt which is asset-backed • Free cash flow: -$1.9 billion in Q1 2025 (seasonal pattern, typically negative in Q1) • Annual operating cash flow: $9.2 billion in FY 2024 Valuation Metrics: • P/E ratio: 37.8x (elevated due to cyclical earnings trough) • EV/EBITDA: 20.8x (historically high) • Price-to-book: 5.85x • Graham number suggests significant overvaluation at current levels Other Considerations: • Strong balance sheet with diversified revenue streams • Cyclical earnings currently at trough levels, suggesting potential for recovery • High fixed costs create operational leverage in both directions • Substantial exposure to agricultural commodity cycles and interest rate sensitivity
Recent development
Over the past several years, Deere has undergone a significant strategic transformation focused on technology integration and precision agriculture solutions. The company launched its "LEAP Ambitions" initiative in 2022, targeting $150 billion in incremental addressable market opportunities through 2030, with goals including achieving 10% recurring revenue and 20% through-cycle equipment margins. Technology and Precision Agriculture Expansion: Deere has aggressively expanded its precision agriculture capabilities, growing engaged acres to over 455 million globally as of 2024, representing 15% year-over-year growth. The company's See & Spray technology, which reduces herbicide usage by up to 60%, covered over 1 million acres in 2024. The partnership with SpaceX for satellite connectivity through JDLink Boost addresses connectivity challenges in remote farming areas, enabling advanced autonomous and precision agriculture applications. Autonomous and Electric Systems: The company has made substantial investments in autonomous farming solutions and electrification technologies. These initiatives aim to address labor shortages in agriculture while improving operational efficiency and environmental sustainability. Market Positioning During Downturn: Facing a significant agricultural equipment downturn starting in 2024, Deere has implemented proactive inventory management strategies, deliberately underproducing relative to retail demand to avoid the inventory buildup that plagued previous downturns. The company reduced its global salaried workforce by mid-single digits and implemented disciplined cost management while maintaining technology investments. Financial Services Evolution: The Financial Services segment has evolved to provide more comprehensive financing solutions, including new pay-per-use and licensing models for technology solutions, creating additional recurring revenue streams beyond traditional equipment financing. Global Market Strategy: Deere has strengthened its position in key international markets, particularly Brazil, where technology adoption rates now approach North American levels and margins have reached parity with domestic operations.
DE company profile · for informational purposes only — not investment advice.
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