financial statements

The full income statement, balance sheet, and cash-flow statement for Deere & Company (DE), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2026	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofNov 2 ’25	as ofOct 27 ’24	as ofOct 29 ’23	as ofOct 30 ’22	as ofOct 31 ’21
Revenue	45.7B YoY-11.7%	51.7B YoY-15.6%	61.3B YoY+16.5%	52.6B YoY+19.4%	44.0B YoY+23.9%
Research & development	2.31B YoY+0.9%	2.29B YoY+5.2%	2.18B YoY+13.9%	1.91B YoY+20.5%	1.59B YoY-3.5%
Selling, general & administrative	4.66B YoY-3.7%	4.84B YoY+5.3%	4.59B YoY+18.9%	3.86B YoY+14.2%	3.38B YoY-2.7%
Amortization of intangibles	143M YoY-13.9%	166M YoY-1.8%	169M YoY+16.6%	145M YoY+25.0%	116M YoY+13.7%
Provision for credit losses	296M YoY-4.5%	310M YoY+2037.5%	-16.0M YoY-108.3%	192M YoY+3300.0%	-6.00M YoY-105.5%
Operating income	—	9.04B YoY-30.2%	13.0B YoY+36.3%	9.51B YoY+18.7%	8.01B YoY+86.1%
Interest expense	3.17B YoY-5.3%	3.35B YoY+36.5%	2.45B YoY+131.0%	1.06B YoY+6.9%	993M YoY-20.4%
Interest & investment income	—	—	—	2.03B YoY+9.3%	1.85B YoY-5.5%
Equity-method income	—	-24.0M YoY-442.9%	7.00M YoY-30.0%	10.0M YoY-52.4%	21.0M YoY+143.8%
Pre-tax income	6.26B YoY-32.0%	9.21B YoY-29.3%	13.0B YoY+42.6%	9.13B YoY+20.1%	7.60B YoY+95.8%
Income tax	1.26B YoY-39.9%	2.09B YoY-27.1%	2.87B YoY+43.0%	2.01B YoY+21.0%	1.66B YoY+53.2%
	5.03B YoY-29.2%	7.10B YoY-30.2%	10.2B YoY+42.6%	7.13B YoY+19.6%	5.96B YoY+116.8%
Net income to non-controlling interest	-29.0M YoY-141.7%	-12.0M YoY-9.1%	-11.0M YoY-1000.0%	-1.00M YoY-150.0%	2.00M YoY+0.0%
	$18.50 YoY-27.8%	$25.62 YoY-26.0%	$34.63 YoY+48.8%	$23.28 YoY+22.6%	$18.99 YoY+118.5%
EPS (basic)	$18.55 YoY-27.9%	$25.73 YoY-26.1%	$34.80 YoY+48.6%	$23.42 YoY+22.4%	$19.14 YoY+118.2%
Weighted-avg shares (basic)	271M YoY-1.8%	276M YoY-5.5%	292M YoY-4.0%	305M YoY-2.3%	312M YoY-0.6%
Weighted-avg shares (diluted)	272M YoY-1.9%	277M YoY-5.6%	294M YoY-4.1%	306M YoY-2.5%	314M YoY-0.8%
Dividends per share	$6.48 YoY+10.2%	$5.88 YoY+16.4%	$5.05 YoY+15.8%	$4.36 YoY+20.8%	$3.61 YoY+18.7%
Balance Sheet	as ofNov 2 ’25	as ofOct 27 ’24	as ofOct 29 ’23	as ofOct 30 ’22	as ofOct 31 ’21
Cash & equivalents	8.28B YoY+13.0%	7.32B YoY-1.8%	7.46B YoY+56.2%	4.77B YoY-40.5%	8.02B YoY+13.5%
Inventory	7.41B YoY+4.4%	7.09B YoY-13.1%	8.16B YoY-3.9%	8.49B YoY+25.3%	6.78B YoY+35.6%
	106B YoY-1.2%	107B YoY+3.1%	104B YoY+15.6%	90.0B YoY+7.0%	84.1B YoY+12.0%
Property, plant & equipment	5.68B YoY+0.0%	5.68B YoY+0.0%	5.68B YoY+0.0%	5.68B YoY+0.0%	5.68B YoY+0.0%
Operating lease right-of-use	317M YoY+15.7%	274M YoY-3.2%	283M YoY-5.4%	299M YoY+2.7%	291M YoY-10.2%
Goodwill	4.19B YoY+5.8%	3.96B YoY+1.5%	3.90B YoY+5.8%	3.69B YoY+12.0%	3.29B YoY+6.8%
Intangible assets	892M YoY-10.7%	999M YoY-11.8%	1.13B YoY-7.0%	1.22B YoY-4.5%	1.27B YoY-3.9%
Deferred tax assets	2.28B YoY+9.5%	2.09B YoY+15.0%	1.81B YoY+120.1%	824M YoY-20.5%	1.04B YoY-30.8%
Short-term & current debt	13.8B YoY+1.9%	13.5B YoY-24.6%	17.9B YoY+42.5%	12.6B YoY+15.3%	10.9B YoY+27.2%
	80.0B YoY-5.2%	84.4B YoY+2.7%	82.2B YoY+18.0%	69.7B YoY+6.1%	65.7B YoY+5.7%
Long-term debt	32.4B YoY+0.0%	32.4B YoY+0.0%	32.4B YoY+0.0%	32.4B YoY-1.3%	32.9B YoY+0.5%
Deferred tax liabilities	434M YoY-9.2%	478M YoY-8.1%	520M YoY+5.1%	495M YoY-14.1%	576M YoY+11.0%
	25.9B YoY+13.6%	22.8B YoY+4.8%	21.8B YoY+7.5%	20.3B YoY+9.9%	18.4B YoY+42.5%
Common stock	5.67B YoY+3.3%	5.49B YoY+3.5%	5.30B YoY+2.7%	5.17B YoY+2.2%	5.05B YoY+3.2%
Retained earnings	59.7B YoY+5.8%	56.4B YoY+10.7%	50.9B YoY+20.6%	42.2B YoY+15.9%	36.4B YoY+15.2%
Treasury stock	36.4B YoY+2.9%	35.3B YoY+12.8%	31.3B YoY+30.1%	24.1B YoY+17.3%	20.5B YoY+13.7%
Accumulated other comprehensive income	-3.03B YoY+18.2%	-3.71B YoY-19.0%	-3.11B YoY-1.9%	-3.06B YoY-20.4%	-2.54B YoY+54.2%
Non-controlling interest	6.00M YoY-14.3%	7.00M YoY+75.0%	4.00M YoY+33.3%	3.00M YoY+0.0%	3.00M YoY-57.1%
Total equity incl. non-controlling	26.0B YoY+13.6%	22.8B YoY+4.8%	21.8B YoY+7.5%	20.3B YoY+9.9%	18.4B YoY+42.4%
Total liabilities & equity	106B YoY-1.2%	107B YoY+3.1%	104B YoY+15.6%	90.0B YoY+7.0%	84.1B YoY+12.0%
Common shares issued	536M YoY+0.0%	536M YoY+0.0%	536M YoY+0.0%	536M YoY+0.0%	536M YoY+0.0%
Common shares outstanding	270M YoY-0.5%	272M YoY-3.5%	282M	—	—
Shares outstanding (cover)	270M YoY-1.2%	274M YoY-5.0%	288M YoY-4.6%	302M YoY-2.7%	310M YoY-1.1%
Cash Flow	as ofNov 2 ’25	as ofOct 27 ’24	as ofOct 29 ’23	as ofOct 30 ’22	as ofOct 31 ’21
	7.46B YoY-19.2%	9.23B YoY+7.5%	8.59B YoY+82.8%	4.70B YoY-39.2%	7.73B YoY+3.2%
Depreciation & amortization	2.23B YoY+5.2%	2.12B YoY+5.7%	2.00B YoY+5.8%	1.90B YoY-7.6%	2.05B YoY-3.2%
Share-based compensation	151M YoY-27.4%	208M YoY+60.0%	130M YoY+52.9%	85.0M YoY+3.7%	82.0M YoY+1.2%
Deferred income taxes	-288M YoY+2.0%	-294M YoY+62.8%	-790M YoY-1097.0%	-66.0M YoY+85.0%	-441M YoY-3909.1%
Change in inventory	275M YoY+134.9%	-788M YoY-182.4%	-279M YoY-113.3%	2.09B YoY-16.3%	2.50B YoY+729.0%
	-2.06B YoY+68.2%	-6.46B YoY+26.1%	-8.75B YoY-3.1%	-8.48B YoY-47.6%	-5.75B YoY-73.2%
Capital expenditure	1.36B YoY-17.1%	1.64B YoY+9.5%	1.50B YoY+32.1%	1.13B YoY+33.7%	848M YoY+3.4%
Acquisitions	101M	—	82.0M YoY-83.5%	498M YoY+104.1%	244M YoY+269.7%
Other investing activities	148M YoY+16.5%	127M YoY-10.6%	142M YoY+65.1%	86.0M YoY+91.1%	45.0M YoY-29.7%
	-4.58B YoY-68.5%	-2.72B YoY-196.8%	2.81B YoY+240.0%	826M YoY+176.6%	-1.08B YoY-10.0%
Long-term debt issued	—	—	—	10.4B YoY+18.8%	8.72B YoY-5.9%
Long-term debt repaid	—	—	—	8.45B YoY+19.1%	7.09B YoY-4.0%
Net short-term debt	—	—	—	3.85B YoY+370.9%	818M YoY+160.1%
Common stock repurchased	1.14B YoY-71.6%	4.01B YoY-44.5%	7.22B YoY+100.6%	3.60B YoY+41.7%	2.54B YoY+238.4%
Dividends paid	1.72B YoY+7.2%	1.60B YoY+12.5%	1.43B YoY+8.7%	1.31B YoY+26.3%	1.04B YoY+8.8%
Other financing activities	-79.0M YoY+30.1%	-113M YoY-54.8%	-73.0M YoY-151.7%	-29.0M YoY-158.0%	50.0M YoY+137.6%
FX effect on cash	77.0M YoY+308.1%	-37.0M YoY-219.4%	31.0M YoY+113.8%	-224M YoY-507.3%	55.0M YoY+71.9%
Net change in cash	900M YoY+6823.1%	13.0M YoY-99.5%	2.68B YoY+184.1%	-3.18B YoY-434.1%	953M YoY-70.4%
Interest paid	3.08B YoY-6.6%	3.30B YoY+48.1%	2.23B YoY+102.3%	1.10B YoY+5.8%	1.04B YoY-18.6%
Income taxes paid	1.65B YoY-34.6%	2.52B YoY-29.6%	3.58B YoY+84.4%	1.94B YoY-6.5%	2.08B YoY+94.1%
Valuation Ratios	as ofNov 2 ’25	as ofOct 27 ’24	as ofOct 29 ’23	as ofOct 30 ’22	as ofOct 31 ’21
Market cap	125B YoY+11.8%	112B YoY+7.3%	104B YoY-13.2%	120B YoY+12.9%	106B YoY+49.9%
P/E	24.0× YoY+76.6%	13.6× YoY+31.0%	10.4× YoY-46.7%	19.4× YoY-0.5%	19.5× YoY-25.1%
P/S	2.8× YoY+40.9%	2.0× YoY+17.6%	1.7× YoY-31.6%	2.5× YoY-1.0%	2.5× YoY+26.2%
P/B	5.0× YoY+2.4%	4.8× YoY+7.2%	4.5× YoY-28.3%	6.3× YoY-6.7%	6.7× YoY+22.8%
P/FCF	17.6× YoY+28.7%	13.6× YoY-24.5%	18.1× YoY-56.6%	41.6× YoY+175.3%	15.1× YoY+30.4%
Earnings yield	4.2% YoY-43.4%	7.4% YoY-23.7%	9.7% YoY+87.5%	5.1% YoY+0.5%	5.1% YoY+33.6%
FCF yield	5.7% YoY-22.3%	7.3% YoY+32.5%	5.5% YoY+130.2%	2.4% YoY-63.7%	6.6% YoY-23.3%
Dividend yield	1.4% YoY-2.6%	1.4% YoY+3.1%	1.4% YoY+27.3%	1.1% YoY+4.2%	1.1% YoY-21.6%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: DE's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all DE filings on SEC EDGAR → Not investment advice.

DE▼ financial statements

About this data

financial statements