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Deere & Co.
DEIndustrialsGenerated Sep 5, 2026, 01:36 PM UTC
DE (Deere & Co.) analytical snapshot. Revenue declined +11.7% YoY to $45.68B. 5-year revenue CAGR +0.7%; 10y CAGR +6.2%. Net margin at 11.00% (contracting ▼). Market cap $186.99B at $693.53 per share. Trailing P/E 37.49, P/S 4.09, P/B 6.68. EV/Operating income ≈ 23.29 (EV $210.51B). Risk: Moderate. Macro: Risk-on · Supportive. Composite analytical score -25 (data confidence 83%). Descriptive analytics from public filings — not investment advice.
Market cap
$186.99B
269.63M shares
Price
$693.53
NYQ
P/E (ttm)
37.49
Revenue (FY)
$45.68B
YoY -11.7%
Net margin
11.00%
▼ 2.56pp
Free cash flow
$6.10B
13.35% margin
Risk level
Moderate
Free SEC analysis
— computed from SEC filings, free to readFree previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score 30Improving
80% conf
Latest annual report (10-K) filed Dec 18, 2025. Latest quarterly report (10-Q) filed Aug 27, 2026. 19 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Dec 18, 2025.
- Latest quarterly report (10-Q) filed Aug 27, 2026.
- 19 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~10,000+ recent 13F-HR filings reference Deere & Co.; broad institutional reporting.
- Recent filers include BANKERS TRUST CO /IA/, BANKERS TRUST CO /IA/, BANKERS TRUST CO /IA/.
- 1 recent 13D activist/beneficial-ownership filings — potential catalyst.
- 19 recent 13G passive institutional ownership notices.
Latest 10-K
Dec 18, 2025
Annual report
Latest 10-Q
Aug 27, 2026
8-K (recent)
19
Insider net
—
0B/0S
13F filers
10k+
Activist 13D
1
Recent 13F institutional filers (SEC EDGAR full-text)
| Filer | Form | Filed |
|---|---|---|
| BANKERS TRUST CO /IA/ | 13F-HR | Apr 27, 2005 |
| BANKERS TRUST CO /IA/ | 13F-HR | Apr 30, 2004 |
| BANKERS TRUST CO /IA/ | 13F-HR | Jul 23, 2004 |
| BANKERS TRUST CO /IA/ | 13F-HR | Oct 12, 2004 |
| MARK MORRIS ET AL | 13F-HR | May 12, 2006 |
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| Aug 20, 2026 | 8-K | 8-K |
| Jul 15, 2026 | 8-K | 8-K |
| Jun 1, 2026 | 8-K | 8-K |
| May 21, 2026 | 8-K | 8-K |
| May 1, 2026 | 8-K | 8-K |
| Mar 16, 2026 | 8-K | 8-K |
| Feb 27, 2026 | 8-K | 8-K |
| Feb 19, 2026 | 8-K | 8-K |
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -51Deteriorating
72% conf
4 risk signal(s), 1 positive signal(s), 2 watch item(s) detected from XBRL filing diff analysis. Revenue grew -11.7% but receivables grew -0.2% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
- Receivables outpacing revenue: Accounts receivable grew -0.2% YoY vs revenue growth of -11.7%. The +11.5% spread suggests extended credit terms, channel stuffing risk, or collection deterioration. Investigate the allowance for doubtful accounts and DSO trend.
- Inventory buildup exceeds sales growth: Inventory grew +4.4% vs revenue -11.7%. Excess inventory may signal weakening demand, potential write-downs, or supply chain overcommitment. Watch gross margin for discounting impact.
- Interest coverage deteriorating below 3x: Interest coverage fell from 3.87x to 2.85x. Operating income of $9.04B covers interest of $3.17B only 2.85x — approaching the threshold where debt service becomes constrained. Monitor for covenant breaches.
- Restatement of financial statements: The term "restatement of" "previously issued" appears in 1 recent filing(s) (vs 1 in the prior period). This risk language is ongoing.
- Operating cash flow exceeds net income: OCF is 1.48x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- NEW: Impairment charge: Impairment charge appears in recent filings but not in the prior 24-month period. Monitor for materiality.
- Endogenous analysis: Revenue grew -11.7% but receivables grew -0.2% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
- 1 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 2 new risk-language term(s) detected in filing text: Impairment charge, Off-balance sheet arrangements.
- Ongoing high-severity risk language: Restatement of financial statements.
Revenue
$45.68B
-11.7% YoY
Gross profit
$2.19B
+8.2% YoY
Operating income
$9.04B
-30.2% YoY
Net income
$5.03B
-29.2% YoY
Operating cash flow
$7.46B
-19.2% YoY
Capex
$1.36B
-17.1% YoY
Total assets
$106.00B
-1.2% YoY
Total liabilities
$79.99B
-5.2% YoY
Filing quality score
67/100
1 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $51.72B | $45.68B | $-6.03B | -11.7% |
| Gross profit | $2.02B | $2.19B | $165.0M | +8.2% |
| Operating income | $12.96B | $9.04B | $-3.92B | -30.2% |
| Net income | $7.10B | $5.03B | $-2.07B | -29.2% |
| Operating cash flow | $9.23B | $7.46B | $-1.77B | -19.2% |
| Capex | $1.64B | $1.36B | $-280.0M | -17.1% |
| Total assets | $107.32B | $106.00B | $-1.32B | -1.2% |
| Total liabilities | $84.39B | $79.99B | $-4.41B | -5.2% |
| Long-term debt | $32.73B | $32.89B | $154.0M | +0.5% |
| Cash & equivalents | $7.32B | $8.28B | $952.0M | +13.0% |
| Stockholders equity | $22.84B | $25.95B | $3.11B | +13.6% |
| Inventory | $7.09B | $7.41B | $313.0M | +4.4% |
| Accounts receivable | $5.33B | $5.32B | $-9.0M | -0.2% |
| R&D expense | $2.29B | $2.31B | $21.0M | +0.9% |
| SG&A expense | $4.84B | $4.66B | $-177.0M | -3.7% |
| Interest expense | $3.35B | $3.17B | $-178.0M | -5.3% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | EffectiveIncomeTaxRateContinuingOperations |
| Removed | AdvertisingExpense, AllocatedShareBasedCompensationExpense, CapitalExpendituresIncurredButNotYetPaid, CapitalizedComputerSoftwareAmortization1, CapitalizedComputerSoftwareNet, CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths, CommonStockSharesAuthorized, CommonStockSharesOutstanding, CurrentFederalTaxExpenseBenefit, CurrentForeignTaxExpenseBenefit |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Restatement of financial statements | high | 1 | 1 | Ongoing |
| Impairment charge | medium | 5 | 0 | NEW |
| Restructuring | medium | 5 | 9 | Ongoing |
| Off-balance sheet arrangements | medium | 5 | 0 | NEW |
| Related party transactions | low | 5 | 1 | Ongoing |
Filing signal breakdown
Red flags: 4
Positive: 1
Watch: 2
Red flags
Positive
Watch
Free previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score -65Deteriorating
80% conf
Revenue declined +11.7% YoY to $45.68B. 5-year revenue CAGR +0.7%; 10y CAGR +6.2%. Net margin at 11.00% (contracting ▼).
- Revenue declined +11.7% YoY to $45.68B.
- 5-year revenue CAGR +0.7%; 10y CAGR +6.2%.
- Net margin at 11.00% (contracting ▼).
- Return on equity 19.37%, ROA 4.74%, ROIC 0.00%.
- Gross margin 0.00%, operating margin 0.00%.
- Free cash flow margin 13.35% ($6.10B).
- Net income down ▼ +29.2% YoY.
- Debt/equity 1.16, current ratio —, net debt $23.52B.
- Asset turnover 0.42 — capital efficiency.
Revenue (FY)
$45.68B
YoY -11.7%
Net margin
11.00%
▼ 2.56pp
ROE
19.37%
ROA 4.74%
ROIC
0.00%
EPS (diluted)
$18.50
FY2025
Free cash flow
$6.10B
13.35% margin
Debt / equity
1.16
Cash $8.93B
Current ratio
—
Equity $27.99B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2024 | $51.72B | -15.6% | 0.00 | 17.48 | 13.73 | $7.59B | 31.09 |
| 2025 | $45.68B | -11.7% | 0.00 | 0.00 | 11.00 | $6.10B | 19.37 |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Jan 26, 2025 | $8.51B | — | — | 10.21% |
| Apr 27, 2025 | $12.76B | — | +50.0% | 14.13% |
| Jul 27, 2025 | $12.02B | — | -5.8% | 10.73% |
| Feb 1, 2026 | $9.61B | — | -20.0% | 6.83% |
| May 3, 2026 | $13.37B | — | +39.1% | 13.26% |
| Aug 2, 2026 | $12.61B | — | -5.7% | 10.94% |
Sources:SEC EDGAR — Company Facts (XBRL)
+8 more years of history, charts & full breakdown Pro
Pro analysis — preview
— score, signals & key metrics shown; full reasoning lockedValuation
Valuation Analyst
score -50Deteriorating
95% conf
Market cap $186.99B at $693.53 per share. Trailing P/E 37.49, P/S 4.09, P/B 6.68. EV/Operating income ≈ 23.29 (EV $210.51B).
- Market cap $186.99B at $693.53 per share.
Market cap
$186.99B
269.63M shares
P/E (ttm)
37.49
P/S
4.09
P/B
6.68
EV
$210.51B
Intrinsic (DCF)
$319.19
-54.0% vs price
ProFull breakdown & reasoning locked
Price & Technicals
Technical Analyst
score 65Improving
85% conf
Price $693.53 — uptrend (above 200-DMA); 1-month momentum positive. RSI(14) 73.22 (overbought).
- Price $693.53 — uptrend (above 200-DMA); 1-month momentum positive.
Price
$693.53
NYQ
RSI(14)
73.22
50-DMA
$618.81
200-DMA
$568.18
Volatility (ann.)
31.72%
52w range
$433.00–$705.88
-1.7% from high
ProFull breakdown & reasoning locked
Macro & Rates
Macro Analyst
score 30Improving
80% conf
Risk-on · Supportive. Real GDP growth 1.50% (quarterly, as of Apr 1, 2026). CPI inflation +3.3% YoY. Fed funds rate 3.63%, 10Y Treasury 4.77%.
- Market regime: Risk-on · Supportive.
GDP growth
1.50%
CPI (YoY)
+3.3%
Fed funds
3.63%
10Y yield
4.77%
10Y−2Y
0.41pp
Unemployment
4.10%
ProFull breakdown & reasoning locked
Risk Scorecard
Risk Analyst
score -12Stable
83% conf
Composite risk Moderate. Leverage debt/equity 1.16 (moderate). Earnings stability: net-margin stdev 3.20pp over 21y.
- Composite risk: Moderate.
Risk level
Moderate
Debt / equity
1.16
Current ratio
—
Margin stdev
3.20pp
Cash / assets
8.30%
Liab / assets
73.94%
ProFull breakdown & reasoning locked
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Macro exposure
Cyclical / growth · High sensitivityMacro regime: Risk-on · Supportive. Deere & Co. is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
14.32
Fed funds
3.63%
CPI YoY
+3.3%
Analytical read
deterministic previewPrice $693.53 — uptrend (above 200-DMA); 1-month momentum positive..
Risk
Moderate
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Cyclical / growth groupHow DE stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| Intuit Inc. INTU | 35 | Supportive |
| CF Industries CF | 34 | Supportive |
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| Meta Platforms Inc. META | 23 | Supportive |
| Okta Inc. OKTA | 18 | Supportive |
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| Comcast Corp. CMCSA | 17 | Supportive |
| Microsoft Corp. MSFT | 16 | Supportive |
| Marvell Technology MRVL | 16 | Supportive |
| Netflix Inc. NFLX | 15 | Supportive |
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| Adobe Inc. ADBE | 14 | Supportive |
| Pinterest Inc. PINS | 14 | Supportive |
| Datadog Inc. DDOG | 14 | Supportive |
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| Dollar General Corp. DG | 12 | Supportive |
| T-Mobile US Inc. TMUS | 12 | Supportive |
| NVIDIA Corp. NVDA | 11 | Supportive |
| Energy Transfer ET | 8 | Supportive |
| ConocoPhillips COP | 8 | Supportive |
| Oracle Corp. ORCL | 8 | Supportive |
| Spotify Technology SPOT | 8 | Supportive |
| Lam Research Corp. LRCX | 8 | Supportive |
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