DEERE & CO
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 11/2/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 13,796 | 34.7 |
| Stockholders' equity | 25,950 | 65.3 |
| Total capitalization | 39,746 | 100.0 |
269,625,412 shares outstanding at 2 August 2026 (cover page of the 10-Q filed 27 August 2026).
LONG-TERM DEBT 11/2/25
| ($ millions) | Amount |
|---|---|
| Current maturities | 13,796 |
CAPITAL STOCK 11/2/25
| Common shares authorized | 1,200,000,000 |
| Common shares issued | 536,431,204 |
| Treasury shares | 266,079,164 |
| Par or stated value per share ($) | 1 |
| Outstanding at 8/2/26 | 269,625,412 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 6.48 | 35.0 |
| 2024 | 5.88 | 23.0 |
| 2023 | 5.05 | 14.6 |
| 2022 | 4.36 | 18.7 |
| 2021 | 3.61 | 19.0 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware.
BUSINESS: Classified by the SEC under Standard Industrial Classification 3523, Farm Machinery & Equipment. Large accelerated filer. Principal executive office: One John Deere Place, Moline, IL 61265-8098. Fiscal year ends November 1. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 11/2/25 | 10/27/24 | 10/29/23 |
|---|---|---|---|
| Revenues | 45,684 | 51,716 | 61,251 |
| Research and development | 2,311 | 2,290 | 2,177 |
| Selling, general and administrative | 4,663 | 4,840 | 4,595 |
| Depreciation and amortization | 2,229 | 2,118 | 2,004 |
| Operating income | – | 9,039 | 12,958 |
| Interest expense | 3,170 | 3,348 | 2,453 |
| Income before income taxes | 6,257 | 9,206 | 13,019 |
| Income taxes | 1,259 | 2,094 | 2,871 |
| Net income | 5,027 | 7,100 | 10,166 |
| Earned per share, diluted ($) | 18.50 | 25.62 | 34.63 |
| Dividends per share ($) | 6.48 | 5.88 | 5.05 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 11/2/25 | 10/27/24 |
|---|---|---|
| Cash and equivalents | 8,276 | 7,324 |
| Inventories | 7,406 | 7,093 |
| Goodwill | 4,188 | 3,959 |
| Total assets | 105,996 | 107,320 |
| Total liabilities | 79,989 | 84,395 |
| Stockholders' equity | 25,950 | 22,836 |
| Total liabilities and equity | 105,996 | 107,320 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11/2/25 | 45,684 | – | 5,027 | 11.0 | 18.50 | 6.48 | 7,459 | 1,360 | 6,099 | 105,996 | 79,989 | 13,796 | 25,950 | 19.4 | 0.53 |
| 10/27/24 | 51,716 | 9,039 | 7,100 | 13.7 | 25.62 | 5.88 | 9,231 | 1,640 | 7,591 | 107,320 | 84,395 | 13,533 | 22,836 | 31.1 | 0.59 |
| 10/29/23 | 61,251 | 12,958 | 10,166 | 16.6 | 34.63 | 5.05 | 8,589 | 1,498 | 7,091 | 104,087 | 82,201 | 17,939 | 21,785 | 46.7 | 0.82 |
| 10/30/22 | 52,577 | 9,508 | 7,131 | 13.6 | 23.28 | 4.36 | 4,699 | 1,134 | 3,565 | 90,030 | 69,673 | 12,592 | 20,262 | 35.2 | 0.62 |
| 10/31/21 | 44,024 | 8,012 | 5,963 | 13.5 | 18.99 | 3.61 | 7,726 | 848 | 6,878 | 84,114 | 65,680 | 43,807 | 18,431 | 32.4 | 2.38 |
| 11/1/20 | 35,540 | 4,305 | 2,751 | 7.7 | 8.69 | 3.04 | 7,483 | 820 | 6,663 | 75,091 | 62,147 | 41,316 | 12,937 | 21.3 | 3.19 |
| 11/3/19 | 39,258 | 4,415 | 3,253 | 8.3 | 10.15 | 3.04 | 3,412 | 1,120 | 2,292 | 73,011 | 61,580 | 30,229 | 11,413 | 28.5 | 2.65 |
| 10/28/18 | 37,358 | 4,476 | 2,368 | 6.3 | 7.24 | 2.58 | 1,822 | 896 | 926 | 70,108 | 58,803 | 27,237 | 11,288 | 21.0 | 2.41 |
| 10/29/17 | 29,738 | 3,574 | 2,159 | 7.3 | 6.68 | 2.40 | 2,196 | 595 | 1,601 | 65,786 | 56,212 | 25,891 | 9,557 | 22.6 | 2.71 |
| 10/31/16 | 26,644 | 2,589 | 1,524 | 5.7 | 4.81 | 2.40 | 3,764 | 644 | 3,120 | 57,981 | 51,437 | 5,002 | 6,520 | 23.4 | 0.77 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
DEERE & CO
CIK 315189 · EIN 36-2382580
PRINCIPAL OFFICE:
One John Deere Place, Moline, IL 61265-8098
Tel.: (309) 765-8000
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
3523 · Farm Machinery & Equipment
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 11/2/25, filed 18 December 2025
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 12/18/25) · 10-K FY2024 (filed 12/12/24) · 10-K FY2023 (filed 12/15/23) · 10-K FY2022 (filed 12/15/22) · 10-K FY2021 (filed 12/16/21) · 10-K FY2020 (filed 12/17/20) · 10-K FY2019 (filed 12/19/19) · 10-K FY2016 (filed 12/19/16). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.