TORVANTA
Industrials · S&P 500 · data as of 2026-10-05

DE stock analysis: Deere

Deere (DE) is an S&P 500 company in Agricultural & Farm Machinery. It grades strongest on momentum and weakest on growth and value.

The model's view of DE · subscribers

Where DE ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with DE · updated 2026-10-05 · from prices and SEC filings

DE price performance

DE against the S&P 500, one year
+0%+20%+40%DE +49%S&P 500 +18%2025-09-292026-10-05
Year to date+47.7%S&P 500 +14.5% · ahead by 33.2 pts
1 year+49.1%S&P 500 +17.0% · ahead by 32.0 pts
3 years+89.0%S&P 500 +89.3% · behind by 0.3 pts
5 years+115.2%S&P 500 +91.3% · ahead by 23.9 pts

Total returns with dividends reinvested.

DE factor grades

Each grade compares DE with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

DValueP/E 37.9x (sector 27.2x)FCF yield 3.3% (sector 4.0%)
D+GrowthRevenue growth +8% (sector +7%)EPS growth -6% (sector +9%)
CProfitability
AMomentum12-month change +49%From 52-wk high -4%

DE in plain numbers

DE key statistics

SectorIndustrials
IndustryAgricultural & Farm Machinery
IndexS&P 500
Market value$183.9B
Revenue growth (y/y)+8%
Free-cash-flow yield3.3%
Dividend yield1.0%
Next earnings (expected)2026-11-25
Valuation measures
Market value$183.9B
Enterprise value$192.1B
P/E (trailing)37.9x
Forward P/E (Torvanta estimate)37.1x
PEG (Torvanta estimate)17.57
Price / sales3.8x
Price / book6.6x
EV / revenue4.0x
Financial highlights
Revenue, last 12 months$48.0B
Net income, last 12 months$4.9B
EPS, last 12 months (GAAP)$18.00
Net margin10.2%
Return on equity18.3%
Cash$8.9B
Total debt$17.1B
Debt / equity0.61x
Free cash flow, last 12 months$6.0B

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

DE earnings trends

Revenue vs earnings
$0$3.3B$6.7B$10.0B$13.4BOct 2024 Revenue: $11.1BJan 2025 Revenue: $8.5BApr 2025 Revenue: $12.8BJul 2025 Revenue: $12.0BOct 2025 Revenue: $12.4BJan 2026 Revenue: $9.6BApr 2026 Revenue: $13.4BJul 2026 Revenue: $12.6BOct 2024 Net income: $1.2BJan 2025 Net income: $869.0MApr 2025 Net income: $1.8BJul 2025 Net income: $1.3BOct 2025 Net income: $1.1BJan 2026 Net income: $656.0MApr 2026 Net income: $1.8BJul 2026 Net income: $1.4BOct 2024Jan 2025Apr 2025Jul 2025Oct 2025Jan 2026Apr 2026Jul 2026Net margin: 11.2%Net margin: 10.2%Net margin: 14.1%Net margin: 10.7%Net margin: 8.6%Net margin: 6.8%Net margin: 13.3%Net margin: 10.9%0%7%14%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$1.7$3.3$5.0$6.6Oct 2024 EPS (GAAP, diluted): $4.6Jan 2025 EPS (GAAP, diluted): $3.2Apr 2025 EPS (GAAP, diluted): $6.6Jul 2025 EPS (GAAP, diluted): $4.8Oct 2025 EPS (GAAP, diluted): $3.9Jan 2026 EPS (GAAP, diluted): $2.4Apr 2026 EPS (GAAP, diluted): $6.6Jul 2026 EPS (GAAP, diluted): $5.1Oct 2024Jan 2025Apr 2025Jul 2025Oct 2025Jan 2026Apr 2026Jul 2026■ EPS (GAAP, diluted) Change from a year earlier: Oct 2025 -14% · Jan 2026 -24% · Apr 2026 -1% · Jul 2026 +7%

From the company's 10-Q and 10-K filings with the SEC.

Deere financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$44.0B$52.6B$61.3B$51.7B$45.7B
Net income$6.0B$7.1B$10.2B$7.1B$5.0B
EPS (GAAP)$19.00$23.29$34.68$25.63$18.51
Free cash flow$6.9B$3.6B$7.1B$7.6B$6.1B

DE earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-20$5.10+7%+5%+11.9%
2026-05-21$6.55-1%+5%-6.2%
2026-02-19$2.42-24%+13%+11.2%
2025-11-26$3.93-14%+11%-8.0%
2025-08-14$4.75-24%-9%-4.6%
2025-05-15$6.64-22%-16%+5.7%

About Deere

HeadquartersMoline, IL
Industry (SEC code)Farm Machinery & Equipment
Fiscal year endsNovember 1
Incorporated inDE
Listed onNYSE

From the company's SEC registration record.

Companies similar to DE

CompanyMarket valueP/ERevenue growthOperating margin12-month change
DE Deere$183.9B37.9x+8%n/a+49%
ETN Eaton$168.0B44.0x+16%n/a+17%compare
UNP Union Pacific$164.6B22.4x+4%40.0%+19%compare
BA Boeing$152.3B68.6x+25%4.9%-11%compare
UBER Uber$141.9B15.2x+17%12.1%-28%
RTX RTX Corp$248.4B32.5x+12%11.2%+12%
GEV GE Vernova$263.7B28.4x+13%4.3%+67%

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Frequently asked questions

Is DE stock a buy?

Torvanta does not tell individuals what to buy. Its grades for DE are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is DE's P/E ratio?

DE trades at about 37.9 times its last 12 months of GAAP earnings reported to the SEC, and about 37.1 times Torvanta's own estimate of the next 12 months.

When does DE report earnings next?

Based on its filing history, Torvanta expects Deere to report around 2026-11-25.

Does DE pay a dividend?

Yes. Its dividend yield is about 1.0%, and it has raised its dividend 5 years in a row.

How has DE performed against the S&P 500?

Over the past year DE returned +49.1%, against +17.0% for the S&P 500, dividends reinvested.

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Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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