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Deere & Company DE Ratios & Valuation

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Profitability
Net margin10.1%-2.3pp10.3%-2.7pp11%-2.7pp11.7%-3.0pp12.4%-3.7pp
EBITDA margin24.2%-3.5pp24.6%-3.3pp25.5%-2.9pp26.6%-2.2pp27.7%-1.5pp
Free cash flow margin14.1%-2.1pp13.8%-1.6pp13.4%-1.3pp16%+1.4pp16.2%+2.5pp
Returns
Return on equity18.5%-5.6pp19.7%-8.2pp20.6%-11.2pp21.6%-14.1pp24.1%-17.9pp
Return on assets4.5%-0.8pp4.7%-1.4pp4.7%-2.0pp4.8%-3.0pp5.3%-3.9pp
Return on invested capital9.2%-1.8pp9.6%-2.5pp10.2%-3.3pp10.5%-4.1pp11%-5.2pp
Efficiency
Asset turnover0.4×0.0×0.5×0.0×0.4×-0.1×0.4×-0.1×0.4×-0.1×
Leverage
Debt-to-equity2.1×-0.3×2.1×-0.4×2.2×-0.3×2.4×-0.2×2.4×-0.2×
Debt-to-assets0.5×0.0×0.5×0.0×0.5×0.0×0.6×0.0×0.6×0.0×
Net debt / EBITDA4.4×+0.3×4.3×+0.6×4.2×+0.9×4.3×+1.1×+0.9×
Interest coverage3.1×-0.1×-0.3×-0.8×2.9×-1.4×3.1×-1.8×
Per Share
Book value per share$101.20+13.3%$97.08+17.6%$95.51+15.9%$92.76+10.9%$89.36+9.5%
Valuation
Market capitalization$146.35B+6.0%$170.7B+30.8%$125.57B-1.5%$129.39B+22.6%$138.02B+33.6%
Enterprise value$196.68B+4.0%$220.42B+22.1%$175.06B-1.3%$180.13B+14.9%$189.07B+20.7%
Price / earnings30.6×+6.2×35.5×+14.5×25×+7.0×24.8×+12.0×24.4×+13.5×
Price / sales3.1×+0.1×3.6×+0.9×2.7×+0.3×2.9×+1.0×+1.3×
Price / book5.3×-0.3×6.5×+0.7×4.8×-0.7×5.1×+0.6×5.7×+1.1×
EV / EBITDA17.2×+2.2×19.1×+5.7×15×+2.9×15.2×+5.5×15×+5.8×
EV / sales4.2×0.0×4.7×+1.0×3.8×+0.4×4.1×+1.3×4.1×+1.5×
Free cash flow yield4.6%-0.8pp3.8%-1.9pp4.9%-1.1pp5.5%-2.3pp5.3%-2.4pp
Earnings yield3.3%-0.8pp2.8%-1.9pp4%-1.6pp4%-3.8pp4.1%-5.1pp
Dividend yield1.2%0.0pp1%-0.2pp1.4%+0.1pp1.3%-0.2pp1.2%-0.3pp

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Questions, answered.

Where do Deere & Company's ratios come from?
Every ratio is computed from Deere & Company's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.