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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$170.27B+20.6%
Enterprise value$220.59B+14.7%
P/E35.6×+10.6×
P/S3.6×+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:ResearchAndDevelopmentExpense.

The official record: Deere & Company’s 10-Q, filed May 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Deere & Company's R&D?
Deere & Company (DE) reported R&D of $583M in Q1 2026.
How has Deere & Company's R&D changed year-over-year?
Deere & Company's R&D increased by 6.2% year-over-year, from $549M to $583M.
What is the long-term trend for Deere & Company's R&D?
Over 4 years (2021 to 2025), Deere & Company's R&D has grown at a 9.9% compound annual growth rate (CAGR), from $1.59B to $2.31B.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.