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Deere & Company DE Q4 2025 Annual earnings

Reported November 26, 2025 · Before market open

Revenue estimate$9.8B
EPS estimate$3.84

Next report

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

Financials

Q4 2025

Income statement

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Revenue$12.4B+11.2%
Net income$1.1B-14.5%
EPS (diluted)$3.93-14.2%

Balance sheet

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Cash & equivalents$8.3B+13.0%
Total debt$57.8B+1.1%
Total equity$26.0B+13.6%
Total assets$106.00B-1.2%

Cash flow

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Operating cash flow$4.0B-21.5%
CapEx$508.0M-14.9%
Free cash flow$3.5B-22.4%

Valuation & ratios

Valuation

as of 11/02/25
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Market cap$125.57B-1.5%
Enterprise value$175.06B-1.3%
P/E25×+7.0×
P/S2.7×+0.3×

Profitability

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Net margin11%-2.7pp
FCF margin13.4%-1.3pp

Returns & leverage

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Return on equity20.6%-11.2pp
Debt / equity2.2×-0.3×

Segments

By product

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Production Agriculture$4.6B+9.5%
Small Agriculture$1.8B+7.0%
Construction Equipment$1.4B+41.8%
Roadbuilding$994.0M+18.8%
Compact Construction Equipment$564.0M+13.9%

By geography

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Western Europe$1.7B+24.7%
Latin America$1.7B+15.0%
Asia Africa Oceania And Middle East$1.3B+21.7%
Central Europe And Commonwealth Of Independent States$430.0M+47.8%

By segment

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Production And Precision Agriculture$4.9B+9.1%
Construction And Forestry$3.5B+24.5%
Small Agriculture And Turf$2.5B+5.9%

Versus estimates

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Questions, answered.

When did Deere & Company report Q4 2025 earnings?
Deere & Company (DE) reported Q4 2025 earnings on November 26, 2025 before market open.
What were Deere & Company's Q4 2025 revenue and EPS?
Deere & Company reported revenue of $12.1B and diluted EPS of $3.93 for Q4 2025.
Did Deere & Company beat estimates in Q4 2025?
Revenue beat the consensus estimate of $9.8B by $2.3B. EPS beat the consensus estimate of $3.84 by $0.09.
How did Deere & Company's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 11.7% from $10.8B a year earlier and diluted EPS declined 13.6% from $4.55.
Where can I find Deere & Company's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001104659-25-116130) and the 10-K periodic report (0001104659-25-122321) directly on SEC EDGAR. The filing index links above go to sec.gov.