Deere & Company
Makes John Deere farm, construction, forestry, and turf equipment with precision technology and financing.
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Profile
Makes agricultural, turf, construction, roadbuilding, and forestry equipment, while supplying precision technology and financing purchases through John Deere Financial. A broad dealer network connects a mostly U.S.-and-Canada sales base with customers worldwide, leaving demand tied to farm and construction cycles.
Builds agricultural, turf, construction, roadbuilding, and forestry equipment, pairing machinery with precision guidance, automation, connectivity, and data tools. Production & Precision Agriculture covers large tractors, combines, and crop-care systems; Small Agriculture & Turf spans utility tractors, hay and forage machines, and mowers. Construction & Forestry adds earthmoving, compact equipment, timber machines, and Wirtgen roadbuilding brands.
Sells through a broad dealer network, with most sales in the U.S. and Canada and distribution worldwide. John Deere Financial funds customer purchases and dealer inventories, linking credit performance to equipment demand. Results depend on farm income and commodity cycles, construction spending, interest rates and credit availability, tariffs and supply chains, dealer support, technology adoption, and seasonal planting and harvest patterns.
Company facts
Key statistics
Year to date +35.0% · Average volume (30d) 1.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 24, 2026 | Truist Financial | Target | $812 | $804 | |
| Aug 24, 2026 | DA Davidson | Reiterate | Buy | $585 | $760 |
| Aug 24, 2026 | Barclays | Reiterate | Overweight | $400 | $675 |
| Aug 21, 2026 | D.A. Davidson | Target | $685 | $585 | |
| Aug 21, 2026 | Robert W. Baird | Target | $675 | $640 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 20, 2026Q3 FY26 | $4.69 | $5.10 | +8.7% | $10.81B | $12.61B | +16.6% | +6.94% |
| May 21, 2026Q2 FY26 | $5.70 | $6.55 | +14.9% | $11.55B | $11.78B | +2.0% | −0.41% |
| Feb 19, 2026Q1 FY26 | $2.02 | $2.42 | +19.8% | $7.59B | $8.00B | +5.4% | +0.07% |
| Nov 26, 2025Q4 FY25 | $3.84 | $3.93 | +2.3% | $9.83B | $12.09B | +23.0% | −1.14% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $12.53B | $11.78B | $12.09B | $9.61B | $13.37B | $12.61B | |
| Gross profit | $4.92B | $4.21B | $3.94B | $3.33B | $5.10B | $4.67B | |
| Operating income | $2.88B | $2.16B | $1.90B | $1.56B | $3.01B | $2.59B | |
| Net income | $1.80B | $1.29B | $1.07B | $656.0M | $1.77B | $1.38B | |
| Diluted EPS | $6.64 | $4.75 | $3.93 | $2.42 | $6.55 | $5.10 | |
| Gross margin | 39.2% | 35.8% | 32.6% | 34.7% | 38.2% | 37.0% | |
| Operating margin | 23.0% | 18.3% | 15.7% | 16.2% | 22.5% | 20.6% |
Fiscal years (4-quarter sums)FY21 $43.03B · FY22 $51.28B · FY23 $60.25B · FY24 $50.52B · FY25 $44.66B
Revenue by product · Q3 FY26
Revenue by geography · Q3 FY26
Balance sheet, Aug 2, 2026Cash & short-term investments $10.28B · Total debt $17.12B · Total assets $107.61B · Shareholders' equity $27.99B
Dividends
Raised for 38 straight years — most recently to $1.62 from $1.47 in Dec 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Aug 10 | $1.62 | |
| Mar 31, 2026 | Mar 31 | May 8 | $1.62 | |
| Dec 31, 2025 | Dec 31 | Feb 9 | $1.62 | |
| Sep 30, 2025 | Sep 30 | Nov 10 | $1.62 | |
| Jun 30, 2025 | Jun 30 | Aug 8 | $1.62 | |
| Mar 31, 2025 | Mar 31 | May 8 | $1.62 | |
| Dec 31, 2024 | Dec 31 | Feb 10 | $1.62 | raised from $1.47 |
| Sep 30, 2024 | Sep 30 | Nov 8 | $1.47 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 269.94M · Float 269.39M · 99.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 18.54M | 6.87% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 16.58M | 6.14% | 13F | Aug 13, 2026 |
| Capital World Investors | 11.50M | 4.26% | 13F | Aug 12, 2026 |
| State Street Corp | 10.87M | 4.03% | 13F | Aug 7, 2026 |
| JPMorgan Chase & Co | 9.21M | 3.41% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Ryan D. Campbell | officer: Pres WWC&F and Pwr Systems | −7,839 | $653.77 |
| Aug 21, 2026 | Ryan D. Campbell | officer: Pres WWC&F and Pwr Systems | −23,260 | $651.18 |
| Jan 14, 2026 | Cory J. Reed | officer: Pres, Life Sol Cust Sup & S.M. | −12,000 | $510.00 |
| Jan 8, 2026 | John C. II May | officer: Chairman & CEO | −41,472 | $501.49 |
| Nov 25, 2025 | John C. II May | officer: Chairman & CEO | −11,106 | $500.08 |
Peers
- CNH Industrial
Full-line ag and construction rival across both equipment segments.
- AGCO
Pure-play ag rival with Fendt, Massey Ferguson, and PTx precision-ag platform.
- Caterpillar
World's #1 construction-equipment maker; direct rival in road-building and CE.
- Toro
Named rival in commercial mowing, golf course, and grounds maintenance.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Deere & Company | $630.06 | −0.02% | $170.15B | 35.0 | 30.2 | 3.6 | +7.0% |
| CNH Industrial | $11.68 | 0.00% | $14.48B | 47.0 | 21.1 | 0.8 | +2.0% |
| AGCO | $114.70 | +1.16% | $7.94B | 15.7 | 17.5 | 0.8 | −1.0% |
| Caterpillar | $799.82 | −0.02% | $368.62B | 34.4 | 27.8 | 4.9 | +24.0% |
| Toro | $99.03 | 0.00% | $9.43B | 28.5 | 20.4 | 2.0 | +8.1% |
| Median | 31.5 | 20.8 | 1.4 | +5.0% |