Deere & Co.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $45.68B | $53.97B | $61.19B | $55.73B | $46.70B | $35.54B | $37.06B | $37.03B |
| Production & Precision Ag | — | $28.68B | $34.66B | $31.60B | $26.23B | $18.43B | $18.37B | $18.74B |
| Small Ag & Turf | — | $6.25B | $7.35B | $7.54B | $6.56B | $5.29B | $5.47B | $5.75B |
| Construction & Forestry | — | $15.29B | $15.36B | $13.36B | $11.37B | $9.60B | $10.60B | $10.17B |
| Financial Services | — | $3.74B | $3.82B | $3.24B | $2.52B | $2.24B | $2.62B | $2.38B |
| 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% | 16.7% | 21.2% | 17.1% | 17.2% | 12.1% | 11.9% | 12.1% |
| 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% | 13.2% | 16.6% | 12.8% | 12.8% | 7.7% | 8.8% | 6.4% |
| 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 |