Deere & Company

NYSE: DE

Stock price

630.66 USD

(+0%) TODAY

Financial Performance

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5Y price score: 95

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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%

DATE RANGE:

US$ Per
Share

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433.0

52-week range

674.1

630.66

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Required return / cost of capital
%
FCFF terminal growth rate
%

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

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FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per shareLearn more

1.9 %

Dividend Yield TTM

1 %

Market cap $

$ 170,239

Price / Earnings TTM

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P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per shareLearn more

35

Price / Book TTM

6.1

PEG TTM

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Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rateLearn more

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 %

Founded: 1,837

Employees: 35,200

Business Summary:Deere & Company manufactures and distributes various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers. The Small Agriculture and Turf segment offers utility tractors, and related loaders and attachments; turf and utility equipment, including riding lawn equipment, commercial mowing equipment, golf course equipment, and utility vehicles, as well as implements for mowing, tilling, snow and debris handling, aerating, residential, commercial, golf, and sports turf care applications; other outdoor power products; and hay and forage equipment. This segment also resells products from other manufacturers. It serves dairy and livestock producers, crop producers, and turf and utility customers. The Construction and Forestry segment provides a range of backhoe loaders, crawler dozers and loaders, four-wheel-drive loaders, excavators, motor graders, articulated dump trucks, landscape and skid-steer loaders, milling machines, pavers, compactors, rollers, crushers, screens, asphalt plants, log skidders, log feller bunchers, log loaders and forwarders, log harvesters, and attachments; and roadbuilding equipment. The Financial Services segment finances sales and leases agriculture and turf, and construction and forestry equipment. It also offers wholesale financing to dealers of the foregoing equipment; and extended equipment warranties, as well as finances retail revolving charge accounts. Deere & Company was founded in 1837 and is headquartered in Moline, Illinois.

Fair Value Reference Estimate

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

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Deere & 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.