Deere & Company (DE) Stock

Deere & Company (DE) is a Industrials stock trading at $647.70 (as of 2026-08-21), with a market capitalization of $174.84B and a trailing P/E of 36.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Deere & Company manufactures and distributes various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers. The Small Agriculture and Turf segment offers utility tractors, and related loaders and attachments; turf and utility equipment, including riding lawn equipment, commercial mowing equipment, golf course equipment, and utility vehicles, as well as implements for mowing, tilling, snow and debris handling, aerating, residential, commercial, golf, and sports turf care applications; other outdoor power products; and hay and forage equipment. This segment also resells products from other manufacturers. It serves dairy and livestock producers, crop producers, and turf and utility customers. The Construction and Forestry segment provides a range of backhoe loaders, crawler dozers and loaders, four-wheel-drive loaders, excavators, motor graders, articulated dump trucks, landscape and skid-steer loaders, milling machines, pavers, compactors, rollers, crushers, screens, asphalt plants, log skidders, log feller bunchers, log loaders and forwarders, log harvesters, and attachments; and roadbuilding equipment. The Financial Services segment finances sales and leases agriculture and turf, and construction and forestry equipment. It also offers wholesale financing to dealers of the foregoing equipment; and extended equipment warranties, as well as finances retail revolving charge accounts. Deere & Company was founded in 1837 and is headquartered in Moline, Illinois.

Understand Deere & Company: how it makes money

Deere & Company manufactures and distributes farm, turf, and construction machinery, and it also earns Financial Services revenues.

Profit is generated through a mix of selling equipment across its three equipment segments, plus Financial Services revenues as a separate earnings stream.

Revenue by segment (latest quarter)
Prod & Precision Ag$4.5B
Small Ag & Turf$3.5B
Construction & Forestry$4.1B
Financial Services$1.4B

Business quality (Solid): Segment and operating structure are clearly defined, but the provided data includes limited operating detail beyond segment operating profit candidates.

Valuation: At 33× earnings, DE trades in line with the Machinery average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Multiple equipment franchises: The company operates across Production and Precision Agriculture, Small Agriculture and Turf, and Construction and Forestry, spreading demand across different machinery types.
  • Diversified revenue mix: In addition to equipment operations, the company reports Financial Services revenues, adding a distinct source of earnings.

Bear case

  • End-market cyclicality risk: Because results depend on equipment sales in agriculture and construction, weakness in those activity levels can reduce customer purchasing.
  • Operating profit variability by segment: Segment operating profit is not uniform, so performance swings in one segment, such as Production and Precision Ag, can pressure consolidated results.
Valuation — source: SEC EDGAR (first-party)
Price$647.70
Market Cap$174.84B
P/E Ratio36.6
EV / EBITDA21.5
Price / Book6.38
Price / Sales3.69
FCF Yield3.8%
DCF Value (model)$251.16
DCF Upside vs Price-61.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$45.68B
Net Margin11.0%
Revenue Growth (YoY)4.7%
EPS Growth (YoY)-1.2%
FCF Growth (YoY)16.0%
Valuation vs Sector & Industry
Stock P/E36.6
Sector P/E (Industrials)26.1
Industry P/E (Machinery)32.9
vs Sector40.1%
vs Industry11.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Insider Sells (12mo)4
Top Institutional HolderVANGUARD GROUP INC ($10.51B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorIndustrials
IndustryMachinery
CEOJohn C. May
Employees35,200
CountryUS
IPO Date1972-06-01

Related Companies (Business model: Industrials / Capital Goods (Heavy Machinery + Diversified Industrials); 8 closest by market cap; US-domiciled)

  • Caterpillar Inc. (CAT)
  • Dell Technologies Inc. (DELL)
  • Arista Networks, Inc. (ANET)
  • Western Digital Corporation (WDC)
  • Cummins Inc. (CMI)
  • Illinois Tool Works Inc. (ITW)
  • The Toro Company (TTC)
  • AGCO Corporation (AGCO)
DE earnings history · DE institutional & insider holders · DE KPIs & operating metrics · DE financials · DE investor presentations & press releases · DE SEC filings · DE peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.