Deere & (DE) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Deere &

NYSE•Industrials•Farm & Heavy Construction Machinery

$685.63+16.16(0.02%)Pre-market

Market Cap

$183.76B

P/E

37.7x

P/S

3.8x

P/B

6.6x

Deere & Company engages in the manufacture and distribution of 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 four-wheel-drive track and row crop tractors, harvesters, cotton pickers and strippers, sugarcane harvesters and loaders, soil preparation, tillage, seeding, and crop care equipment, as well as application equipment, including sprayers and nutrient management, soil preparation machinery, and related attachments and service parts. The Small Agriculture and Turf segment offers specialty, utility, and compact tractors; self-propelled forage harvesters and attachments; rotary mowers, hay and forage equipment, and utility vehicles; turf and utility equipment, including riding lawn, commercial mowing, and 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. The Construction and Forestry segment provides backhoe loaders, crawler dozers and loaders, four-wheel-drive loaders, excavators, motor graders, articulated dump trucks, skid-steer loaders, milling machines, recyclers, slipform and asphalt pavers, surface miners, compactors, tandem, static rollers, mobile crushers and screens, mobile and stationary asphalt plants, and log harvesters; and road building and rehabilitation 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. Deere & Company has a strategic partnership with Tarter USA to develop and produce flex wing rotary cutters. The company was founded in 1837 and is headquartered in Moline, Illinois.

How this company scores

AverageMetricSide Score: 54/100

Strongest: Profitability (14/25); weakest: Balance Sheet & Red Flags (13/25).

Profitability14/25

Growth13/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality14/25

Strengths

High ROECash-backed earningsImproving leverageNo share dilution

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 37.7x5y range 10.1x – 37.7x

Currently above its 20-quarter median.

P/S · 3.8x5y range 1.7x – 3.8x

Currently above its 20-quarter median.

P/B · 6.6x5y range 4.6x – 6.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Revenue Decline

Watch

Revenue has softened, declining in 3 quarters. Watch for further erosion.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $183.76B

Metrics at a Glance

as of August 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $47.98B
Q. Revenue: $12.61B
TTM EBITDA: $8.78B
TTM Op. Income: $6.44B
Q. Op. Income: $1.88B
TTM Net Income: $4.87B
Q. Net Income: $1.38B
EPS: $5.11
Shares Out.: $269.80M

$47.98B in TTM revenue grew 8.0% YoY, reaching $12.61B last quarter. TTM EBITDA of $8.78B and TTM operating income of $6.44B show growth is flowing through to the bottom line. TTM net income of $4.87B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 19.7%
Op. Margin: 14.9%
Net Margin: 10.9%

Op. margin of 14.9% is up 1.6% YoY — cost efficiency is improving. Net margin at 10.9% Over the past year, operating margin is up 12% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 37.7x
P/S Ratio: 3.8x
P/B Ratio: 6.6x

At 37.7x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 3.8x and P/B of 6.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $107.61B
Cash: $8.93B
Long-Term Debt: $40.63B
Book Value: $27.99B
D/E Ratio: 1.5
Debt/EBITDA: 16.3

With $107.61B in assets and $40.63B in long-term debt, D/E is 1.5and book value is $27.99B — moderate leverage. Across the last 8 quarters, debt/equity has fallen for 4 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $2.21B
TTM Free Cash Flow: $6.02B
FCF Margin: 12.5%
FCF / Net Income: 1.2

TTM FCF of $6.02B on $2.21B in operating cash flow. The FCF / Net Income ratio of 1.2x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 15% — a weakening trend.