Deere & Company
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $45.68B | $51.72B | $61.25B | $52.58B | $44.02B | $35.54B | $39.26B | $37.36B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | $2.31B | $2.29B | $2.18B | $1.91B | $1.59B | $1.64B | $1.78B | $1.66B |
| SG&A Expense | $4.66B | $4.84B | $4.60B | $3.86B | $3.38B | $3.48B | $3.55B | $3.46B |
| Operating Income | $9.43B | $9.04B | $12.96B | $9.51B | $8.01B | $4.31B | $4.42B | $4.48B |
| Operating Margin | 20.6% | 17.5% | 21.2% | 18.1% | 18.2% | 12.1% | 11.2% | 12.0% |
| Interest Expense | $3.17B | $3.35B | $2.45B | $1.06B | $993.0M | $1.25B | $1.47B | $1.20B |
| Pretax Income | $6.26B | $9.21B | $13.02B | $9.13B | $7.60B | $3.88B | $4.09B | $4.07B |
| Income Tax Expense | $1.26B | $2.09B | $2.87B | $2.01B | $1.66B | $1.08B | $852.0M | $1.73B |
| Net Income | $5.03B | $7.10B | $10.17B | $7.13B | $5.96B | $2.75B | $3.25B | $2.37B |
| Net Margin | 11.0% | 13.7% | 16.6% | 13.6% | 13.5% | 7.7% | 8.3% | 6.3% |
| EPS (Basic) | $18.55 | $25.73 | $34.80 | $23.42 | $19.14 | $8.77 | $10.28 | $7.34 |
| EPS (Diluted) | $18.50 | $25.62 | $34.63 | $23.28 | $18.99 | $8.69 | $10.15 | $7.24 |
| Shares Outstanding (Basic) | 270.9M | 276.0M | 292.2M | 304.5M | 311.6M | 313.5M | 316.5M | 322.6M |
| Shares Outstanding (Diluted) | 271.7M | 277.1M | 293.6M | 306.3M | 314.0M | 316.6M | 320.6M | 327.3M |
| Dividends Per Share | $6.48 | $5.88 | $5.05 | $4.36 | $3.61 | $3.04 | $3.04 | $2.58 |