Deere & (DE) stock
Industrials · Agricultural & Farm Machinery
Deere & (DE) is an Agricultural & Farm Machinery company in the Industrials sector, headquartered in Moline, Illinois. As of October 23, 2026, DE closed at $646.15, a market capitalization of $174.22 billion, the 70th largest company in the S&P 500. Over the last twelve months it generated $47.93 billion in revenue (+5% year over year) and $3.23 billion in free cash flow. The stock trades at 35.9x trailing earnings and 28.4x forward earnings.
- 1-year total return: +39.2% (dividends reinvested)
- 5-year return: +15.1% a year
- 52-week range: $454.50 – $721.22
- Gross margin 25.2%, operating margin 13.4%
- Dividend yield: 1.00%, 5 straight years of increases
- FI Handbook report card: C- across 10 metrics
- 5th largest of 83 Industrials stocks in the S&P 500
DE price chart
1Y price change: +37.6% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| DE | -8.7% | +39.9% | +39.2% | +21.7% | +15.1% | +24.2% | +13.5% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1972.
DE key statistics
- Market cap
- $174.2B
- #70 in S&P 500
- P/E (TTM)
- 35.9x
- Forward P/E
- 28.4x
- EPS (TTM)
- $17.99
- Revenue (TTM)
- $47.9B
- +5%
- Free cash flow
- $3.2B
- Gross margin
- 25.2%
- Operating margin
- 13.4%
- Return on equity
- 18.2%
- Dividend yield
- 1.00%
- 52-week range
- $454.50 – $721.22
- Beta
- 0.87
- Price / sales
- 3.6x
- EV / EBITDA
- 27.0x
- Debt / equity
- 2.30x
- Employees
- 73,100
DE report card
C-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth4.9%D
- Gross margin25.2%C
- Operating margin13.4%C
- FCF margin6.7%D
- Return on equity18.2%B
- Net debt / EBITDA6.7xF
- Forward P/E28.4xD
- PEG ratio1.6xC
- Shareholder yield1.7%C
- Share count change / yr-3.0%A
Deere & financials
Revenue went from $26.6B in fiscal 2016 to $45.7B in fiscal 2025, growing 6.2% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $26.6B | $29.7B | $37.4B | $39.3B | $35.5B | $44.0B | $52.6B | $61.3B | $51.7B | $45.7B |
| Gross profit | $8.4B | $9.8B | — | — | — | — | — | — | — | — |
| Operating income | $2.6B | $3.6B | $4.5B | $4.4B | $4.3B | $8.0B | $9.5B | $13.0B | $9.0B | — |
| Net income | $1.5B | $2.2B | $2.4B | $3.3B | $2.8B | $6.0B | $7.1B | $10.2B | $7.1B | $5.0B |
| EPS (diluted) | $4.81 | $6.68 | $7.24 | $10.15 | $8.69 | $18.99 | $23.28 | $34.63 | $25.62 | $18.50 |
| Free cash flow | $3.1B | $1.6B | $926.0M | $2.3B | $6.7B | $6.9B | $3.6B | $7.1B | $7.6B | $6.1B |
| Buybacks | $205.4M | $6.0M | $958.0M | $1.3B | $750.0M | $2.5B | $3.6B | $7.2B | $4.0B | $1.1B |
| Dividends paid | $761.3M | $764.0M | $806.0M | $943.0M | $956.0M | $1.0B | $1.3B | $1.4B | $1.6B | $1.7B |
| Diluted shares | 316.6M | 323.3M | 327.3M | 320.6M | 316.6M | 314.0M | 306.3M | 293.6M | 277.1M | 271.7M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into DE?
A reverse DCF asks what growth the current price requires. With an enterprise value of $231.9B and $3.2B of trailing free cash flow, Deere & needs to grow free cash flow about 44.7% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -1.8% a year over the last five years.
P/E ratio history
Current 34.9x vs. median 18.0x (10th–90th percentile 9.7x–31.0x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
DE dividend
- Dividend yield
- 1.00%
- Annual dividend
- $6.48
- Years of increases
- 5
- 5-yr dividend growth
- 16.3%
- per year
- Payout ratio
- 36%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
DE analyst price targets
23 analysts' average 12-month target is $694.01 (+7% vs. $646.15). Targets range from $500.00 to $813.18. 64% rate it a buy.
DE earnings
Next report: November 25, 2026. Deere & has beaten EPS estimates 6 quarters in a row. Last quarter's revenue was $12.4B (+5% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 20, 2026 | $4.71 | $5.10 | +8.3% |
| May 21, 2026 | $5.70 | $6.55 | +15.0% |
| Feb 19, 2026 | $2.10 | $2.42 | +15.4% |
| Nov 26, 2025 | $3.83 | $3.93 | +2.5% |
| Aug 14, 2025 | $4.66 | $4.75 | +1.9% |
| May 15, 2025 | $5.62 | $6.64 | +18.1% |
| Feb 13, 2025 | $3.25 | $3.19 | -1.8% |
| Nov 21, 2024 | $3.93 | $4.55 | +15.8% |
Stocks like DE
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|---|---|---|---|---|---|
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DE news
- What Really Drove Deere Stock Higher? · Oct 22, 2026
- North America Cordless Garden Equipment Market Forecasts Growth from $4.6 Billion (2025) to $10.3 Billion by 2035, Profiling John Deere, The Toro Company, Husqvarna, EGO Power+ & 11 Other Key Players · Oct 22, 2026
- KUBTY or DE: Which Is the Better Value Stock Right Now? · Oct 21, 2026
- Caterpillar vs. Deere: The Better Heavy Equipment Stock for the Data Center Boom · Oct 20, 2026
- Australia Agricultural Equipment Market Report 2026-2031 | Precision Farming, Electrification, and Crop Exports Drive Growth to USD 2.73 Billion · Oct 19, 2026
DE stock FAQ
What is DE's market cap?
Deere &'s market capitalization is $174.22 billion as of October 23, 2026, ranking 70th in the S&P 500.
What is DE's P/E ratio?
DE trades at a trailing price-to-earnings ratio of 35.9x and a forward P/E of 28.4x. Its median P/E over the period we track is 18.0x.
Does DE pay a dividend?
Yes. Deere & pays $6.48 per share a year, a 1.00% yield. It has raised its dividend 5 years in a row. Dividends grew 16.3% a year over the last five years.
How much has DE stock returned?
Including reinvested dividends, DE returned +39.2% over one year, +15.1% a year over five years, +24.2% a year over ten years through October 23, 2026.
Is DE stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Deere & must grow free cash flow about 45% a year for the next decade. Its free cash flow fell 2% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the DE price target?
23 analysts cover DE with an average 12-month price target of $694.01, +7% from the current price. 64% of them rate it a buy.
When does DE report earnings?
Deere & is expected to report earnings on November 25, 2026. It has beaten EPS estimates 6 quarters in a row.
How many employees does Deere & have?
Deere & has about 73,100 full-time employees, or $655,636 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology