Income StatementBalance SheetCash FlowSegments
Deere & Company logo

Deere & Company Business Segments

Business, geographic, and product segment breakdowns

Deere & Company generates $47.4B in annual revenue across 4 key segments: Construction And Forestry ($13.1B), Financial Services ($6.4B), Production And Precision Agriculture ($17.0B), and Small Agriculture And Turf ($11.3B). Based on the Q2 2026 filing.

Construction And Forestry (TTM)$13.1BFinancial Services (TTM)$6.4BProduction And Precision Agriculture (TTM)$17.0BSmall Agriculture And Turf (TTM)$11.3B
Latest FilingQ2 2026
Report Date2026-05-21
Market Cap$142.93B
P/E Ratio29.88
ROE18.5%

Products & Services

Revenue

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Compact Construction Equipment$361.0M$506.0M$491.0M$564.0M$468.0M—
Construction Equipment$770.0M$1.2B$1.2B$1.4B$1.1B—
Forestry$226.0M$254.0M$292.0M$352.0M$269.0M—
Production Agriculture$3.0B$5.1B$4.2B$4.6B$3.1B—
Roadbuilding$596.0M$949.0M$1.0B$994.0M$772.0M—
Small Agriculture$1.2B$2.0B$2.2B$1.8B$1.5B—
Turf$463.0M$957.0M$760.0M$551.0M$576.0M—

Revenue Not From Contract With Customer

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Financial Products$1.6B$1.5B$1.5B$1.7B$1.5B—

Interest Expense Nonoperating

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Material Reconciling Items Including Corporate Nonsegment$84.0M———$93.0M—

Interest Income Nonoperating

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Material Reconciling Items Including Corporate Nonsegment$90.0M———$93.0M—

Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Material Reconciling Items Including Corporate Nonsegment-$116.0M———-$130.0M—

Gain Loss On Sale Of Leased Assets Net Operating Leases

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Other$2.3M$2.3M$2.3M$2.3M——

Interest And Dividend Income Securities

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Other$14.0M$14.0M$14.0M$14.0M——

Other Operating Income

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Other$47.8M$47.8M$47.8M$47.8M——

Premiums Earned Net

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Other$108.3M$108.3M$108.3M$108.3M——

Revenues Other

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Other Products And Services$277.0M$334.0M$339.0M$364.0M$309.0M—

Revenues From Services

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Other$59.5M$59.5M$59.5M$59.5M——

Trademark Income

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Other$23.0M$23.0M$23.0M$23.0M——

Cost of Revenue

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Product$5.0B$7.6B$7.6B$8.0B$6.3B$8.3B

Financing Receivable And Net Investment In Lease Before Allowance For Credit Loss And Fee

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sales Of Equipment———$8.9B——

Financing Receivable And Net Investment In Lease Unamortized Loan Commitment Origination Fee And Premium Discount

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sales Of Equipment———$106.0M——

Financing Receivable Before Allowance For Credit Loss And Fee

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sales Of Equipment———$8.3B——

Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sales Of Equipment———$27.0M——

Notes Receivable And Net Investment In Lease Net

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sales Of Equipment———$8.8B——

Sales Type And Direct Financing Leases Before Allowance For Credit Loss And Fee

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sales Of Equipment———$228.0M——

Sales Type And Direct Financing Leases Unamortized Loan Commitment Origination Fee And Premium Discount

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sales Of Equipment———$60.0M——

Geographic

Net Investment

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
AR———$833.0M——

Percent Of Consolidated Revenues

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
AR0.5%0.5%0.5%0.5%——

Revenue Not From Contract With Customer

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Asia Africa Oceania And Middle East$55.0M$53.0M$53.0M$56.0M$54.0M—
Central Europe And Commonwealth Of Independent States$4.0M$3.0M$2.0M$2.0M$2.0M—
Latin America$96.0M$41.0M$28.0M$32.0M$32.0M—
Western Europe$43.0M$44.0M$45.0M$53.0M$54.0M—

Revenue

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Asia Africa Oceania And Middle East$792.0M$1.0B$1.1B$1.3B$1.0B—
CA$721.0M$1.2B$895.0M$930.0M$826.0M—
Central Europe And Commonwealth Of Independent States$181.0M$428.0M$536.0M$430.0M$310.0M—
Latin America$1.1B$1.4B$1.5B$1.7B$1.0B—
US$4.7B$6.9B$6.0B$6.3B$5.0B—
Western Europe$1.0B$1.8B$2.0B$1.7B$1.4B—

Property Plant And Equipment And Finance Lease Right Of Use Asset Excluding Lessor Asset Under Operating Lease After Accumulated Depreciation And Amortization

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
DE———$1.4B——
US———$4.2B——

Concentration Risk %

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Segment Geographical United States And Canada22.3%22.3%22.3%22.3%——

Business Segments

Accounts Receivable Net

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Construction And Forestry———$1.7B——
Production And Precision Agriculture———$1.7B——
Small Agriculture And Turf———$2.0B——

Total Assets

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Construction And Forestry$7.2B$7.8B$7.8B$7.8B$8.0B—
Financial Services$69.7B$70.6B$71.7B$70.0B$67.9B—
Production And Precision Agriculture$8.8B$8.9B$8.9B$8.8B$9.1B—
Small Agriculture And Turf$4.2B$4.2B$4.0B$4.0B$4.3B—

D&A

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Construction And Forestry$88.0M———$96.0M—
Financial Services$265.0M———$274.0M—
Production And Precision Agriculture$166.0M———$171.0M—
Small Agriculture And Turf$65.0M———$75.0M—

Goodwill

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Construction And Forestry$2.8B$3.0B$3.1B$3.1B$3.1B—
Production And Precision Agriculture$690.0M$709.0M$749.0M$744.0M$750.0M—
Small Agriculture And Turf$361.0M$368.0M$371.0M$393.0M$396.0M—

Goodwill Foreign Currency Translation Gain Loss

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Construction And Forestry$72.0M———-$83.0M—
Production And Precision Agriculture$11.0M———-$6.0M—
Small Agriculture And Turf$4.0M———-$3.0M—

Intersegment Revenues

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Construction And Forestry$2.0M———$8.0M—
Financial Services$103.0M———$104.0M—
Production And Precision Agriculture$57.0M———$54.0M—
Small Agriculture And Turf$5.0M———$9.0M—

Operating Income

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Small Agriculture And Turf$124.0M$574.0M$485.0M$25.0M$196.0M$719.0M
Production And Precision Agriculture$338.0M$1.1B$580.0M$605.0M$139.0M$706.0M
Construction And Forestry$65.0M$379.0M$237.0M$347.0M$137.0M$561.0M
Financial Services$266.0M$207.0M$266.0M$374.0M$301.0M$190.0M

Acquisitions

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Construction And Forestry————$440.0M—

Revenue

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Production And Precision Agriculture$3.2B$5.3B$4.4B$4.9B$3.3B$4.5B
Construction And Forestry$2.1B$3.0B$3.1B$3.5B$2.7B$3.8B
Small Agriculture And Turf$1.8B$3.0B$3.1B$2.5B$2.2B$3.5B
Financial Services$1.6B———$1.5B—

Segment Expenditure Addition To Long Lived Assets

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Construction And Forestry$78.0M———$48.0M—
Financial Services$500.0K$500.0K$500.0K$500.0K——
Production And Precision Agriculture$87.0M———$74.0M—
Small Agriculture And Turf$35.0M———$32.0M—

Segment Reporting Other Item Amount

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Construction And Forestry$394.0M———$412.0M—
Financial Services$541.0M———$523.0M—
Production And Precision Agriculture$687.0M———$671.0M—
Small Agriculture And Turf$374.0M———$394.0M—

Equity Method Investment Ownership Percentage

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Financial Services50.0%50.0%50.0%50.0%50.0%—

Equity Method Investments

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Financial Services$362.0M$372.0M$395.0M$405.0M$389.0M—

Interest Expense Operating

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Financial Services$766.0M———$664.0M—

Investments In Affiliates Subsidiaries Associates And Joint Ventures

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Financial Services$48.0M——$462.0M$450.0M—
Production And Precision Agriculture$12.0M——$11.0M$10.0M—
Small Agriculture And Turf$59.0M——$37.0M$38.0M—

Other Receivables Miscellaneous

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Financial Services—$564.0M$516.0M$394.0M$306.0M—

Revenue Not From Contract With Customer

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Financial Services$1.5B$1.4B$1.4B$1.5B$1.4B—

Variable Interest Entity Entity Maximum Loss Exposure Amount

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Financial Services—$1.1B$1.1B$956.0M$859.0M—

Variable Interest Entity Entity Maximum Loss Exposure Carrying Amount Of Assets

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Financial Services—$936.0M$911.0M$799.0M$695.0M—

Variable Interest Entity Entity Maximum Loss Exposure Loan Guarantee Amount

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Financial Services—$156.0M$153.0M$157.0M$164.0M—