Financial Performance
5Y price score: 95
The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.
A score of 100 indicates that the stock did as well as the S&P 500 Index.
A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.
10Y return: 667%
US$ Per
Share
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433.0
52-week range
674.1
Your model inputs
Your fair value & Margin of safety
To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.
Forecast:
Valuation
Free Cash Flow Yield
1.9 %
Dividend Yield TTM
1 %
Market cap $
$ 170,239
Price / Earnings TTM
35
Price / Book TTM
6.1
PEG TTM
4.8
Earnings growth and return
LTM
5YR
10YR
Total return (price & dividends)
30.6 %
74.3 %
667 %
Free cash flow per share growth
(29) %
(22) %
337.1 %
Earnings per share growth
7.4 %
112.9 %
220.6 %
Business Summary:
Latest Earnings Call Takeaways
2026 Q3 (Aug 20, 2026)
1) Strong Financial Performance
- Deere reported a 5% increase in net sales and revenues, totaling $12.608 billion for Q3 2026.
- Equipment operations net sales rose 6% to $10.999 billion.
- Net income attributable to Deere was $1.379 billion, equating to $5.10 per diluted share.
- Operating margin for equipment operations was 14.4%, reflecting strong execution across all business segments.
2) Segment Results and Outlook
- Production and Precision Ag: Net sales decreased 6% to $3.998 billion due to lower shipment volumes, with an operating margin of 13.2%. Full-year sales are now expected to decline 10%.
- Small Ag and Turf: Sales increased 12% to $3.383 billion, driven by higher shipment volumes, with an operating margin of 18.4%. Full-year sales are expected to rise 15%.
- Construction and Forestry: Sales grew 18% to $3.618 billion, with an operating margin of 12.1%. Full-year sales are projected to increase 20%.
| Segment | Q3 2026 Sales (Billion) | YoY Change | Operating Margin | Full-Year Guidance |
|---|---|---|---|---|
| Production & Precision Ag | 3.998 | -6% | 13.2% | -10% |
| Small Ag & Turf | 3.383 | +12% | 18.4% | +15% |
| Construction & Forestry | 3.618 | +18% | 12.1% | +20% |
3) Market Challenges and Headwinds
- Agriculture markets face challenges due to fluctuating commodity prices, high input costs, and uncertainty in crop demand, particularly in South America and Europe.
- The large ag equipment industry in the U.S. and Canada is expected to decline 15-20% YoY, while small ag and turf sales are projected to be flat to up 5%.
- The construction sector remains strong, but global forestry sales are expected to decline by 10% due to subdued residential construction activity.
4) Operational and Product Plans
- Deere is focusing on improving inventory health and production efficiency to respond to market conditions.
- The company is seeing increased adoption of precision agriculture technologies, with over 50% herbicide savings reported from the See & Spray technology.
- The early order program for 2027 shows promising trends, with mid-single-digit growth in orders, particularly for advanced technologies in planting and spraying.
5) Guidance and Future Outlook
- Deere has raised its full-year net income outlook to a range of $4.75 to $5 billion, reflecting confidence in the remaining quarters of fiscal 2026.
- The effective tax rate is expected to be between 24-26%, with cash flow from equipment operations projected to be between $5 to $5.5 billion.
- The company anticipates a challenging environment in agriculture but believes 2026 represents the bottom of the ag equipment cycle, with a gradual recovery expected in 2027.
Bottom line: Deere's strong Q3 performance, driven by diversified segments, reflects resilience amid market challenges. The company is well-positioned for a gradual recovery in 2027, supported by improved inventory management and technology adoption, making it an attractive prospect for shareholders.
Annual Reports, Presentations And IR Contacts
Go to the websiteDeere & Company — Financial Overview, Stock Price, Market Cap
Deere & Company is a company. Founded in 1837. As of August 26, 2026, the company's market capitalization is $170238736451 with a current stock price of $630.66.
