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Deere & Company DE Q2 2025 earnings

Reported May 15, 2025 · Before market open

Revenue estimate$10.8B
EPS estimate$5.56

Next report

Aug 20, 2026 (in a month)
Revenue estimate$10.8B
EPS estimate$4.72

Financials

Q2 2025

Income statement

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Revenue$12.8B-16.2%
Net income$1.8B-23.9%
EPS (diluted)$6.64-22.2%

Balance sheet

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Cash & equivalents$8.0B+43.9%
Total debt$59.0B+0.2%
Total equity$24.3B+7.1%
Total assets$106.30B+0.6%

Cash flow

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Operating cash flow$1.7B-8.2%
CapEx$203.0M-43.1%
Free cash flow$1.5B+0.1%

Valuation & ratios

Valuation

as of 04/27/25
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Market cap$138.02B+33.6%
Enterprise value$189.07B+20.7%
P/E24.4×+13.5×
P/S+1.3×

Profitability

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Net margin12.4%-3.7pp
FCF margin16.2%+2.5pp

Returns & leverage

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Return on equity24.1%-17.9pp
Debt / equity2.4×-0.2×

Segments

By product

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Production Agriculture$5.1B-21.1%
Small Agriculture$2.0B-6.4%
Construction Equipment$1.2B-31.9%
Turf$957.0M-5.9%
Roadbuilding$949.0M-12.1%

By segment

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Production And Precision Agriculture$5.3B-20.1%
Small Agriculture And Turf$3.0B-6.4%
Construction And Forestry$3.0B-23.1%
Financial Services$1.5B-7.5%

By geography

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Western Europe$1.8B-2.0%
Latin America$1.4B-2.6%
Asia Africa Oceania And Middle East$1.0B-7.6%
Central Europe And Commonwealth Of Independent States$428.0M-5.7%

Versus estimates

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Questions, answered.

When did Deere & Company report Q2 2025 earnings?
Deere & Company (DE) reported Q2 2025 earnings on May 15, 2025 before market open.
What were Deere & Company's Q2 2025 revenue and EPS?
Deere & Company reported revenue of $12.5B and diluted EPS of $6.64 for Q2 2025.
Did Deere & Company beat estimates in Q2 2025?
Revenue beat the consensus estimate of $10.8B by $1.7B. EPS beat the consensus estimate of $5.56 by $1.08.
How did Deere & Company's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 16.5% from $15.0B a year earlier and diluted EPS declined 22.2% from $8.53.
Where can I find Deere & Company's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001558370-25-008218) directly on SEC EDGAR. The filing index links above go to sec.gov.