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Deere & Company DE Construction And Forestry — Operating Income

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Other financials

Income statement

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Revenue$13.4B+4.7%
Net income$1.8B-1.7%
EPS (diluted)$6.55-1.4%

Balance sheet

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Cash & equivalents$7.9B-1.1%
Total debt$58.2B-1.4%
Total equity$27.4B+12.8%
Total assets$107.00B+0.7%

Cash flow

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Operating cash flow$1.9B+13.6%
CapEx$195.0M-3.9%
Free cash flow$1.7B+16.0%

Valuation

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Market cap$165.2B+19.7%
Enterprise value$215.53B+14.0%
P/E34.5×+10.1×
P/S3.5×+0.5×

Profitability

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Gross margin31.4%
Net margin10.1%-2.3pp
FCF margin14.1%-2.1pp

Returns & leverage

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Return on equity18.5%-5.6pp
Debt / equity2.1×-0.3×

Where this comes from

Reported directly by Deere & Company in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Deere & Company’s 10-Q, filed May 28, 2026.

Filed
May 28, 2026, 10:21 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-067311
Three Months Ended May 3, 2026PPASATCFFSTotal
Cost of sales(3,100)(2,377)(2,800)(8,277)
Interest expense(649)(649)
Other segment items*(806)(444)(493)(609)(2,352)
Segment operating profit$706$719$561$251$2,237
Six Months Ended May 3, 2026PPASATCFFSTotal
External net sales$7,666$5,653$6,460$19,779
External finance and interest income22178$2,5042,551
External other income1177898247540

Item 1.FINANCIAL STATEMENTS

FAQ

What is Deere & Company's construction and forestry — operating income?
Deere & Company (DE) reported construction and forestry — operating income of $561M in Q1 2026.
How has Deere & Company's construction and forestry — operating income changed year-over-year?
Deere & Company's construction and forestry — operating income increased by 48.0% year-over-year, from $379M to $561M.
What is the long-term trend for Deere & Company's construction and forestry — operating income?
Over 4 years (2021 to 2025), Deere & Company's construction and forestry — operating income has grown at a -8.8% compound annual growth rate (CAGR), from $1.49B to $1.03B.
What does construction and forestry — operating income mean?
This metric measures the profitability of the Construction and Forestry segment after deducting operating expenses from segment revenues. It excludes interest, taxes, and corporate-level overheads to isolate the segment's core operational efficiency. It is a key indicator of the segment's ability to generate profit from its manufacturing and sales activities.

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