Deere & Co.

Deere & Co.

DE

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Market Cap$146.45B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Deere & Co.Deere & Co.30.61.2%17%3.40.6

Earnings Call Q2 2026

May 21, 2026 - AI Summary

Solid Q2 performance; margins boosted by tariff refunds (but not a recurring driver) - Net sales +5% YoY to $13.369B; equipment net sales +5% to $11.778B. - Net income $1.773B ($6.55/diluted share). - Equipment operations margin 16.9%—notably helped by a one-time/temporary recovery of $272M from IEEPA tariff refund claims, boosting margins by ~2.5 points. - Core underlying theme: results largely in line with expectations outside the tariff refund lift.
Segment mix: Large Ag weak, Small Ag/Turf strong, Construction & Forestry strong—company expects this cycle divergence to persist - Production & Precision Ag: net sales -14% YoY (lower volumes; price +~1 point; FX +~3 points); operating margin 15.7%. - Small Ag & Turf: net sales +16% YoY (volume + FX); operating margin 20.6%. - Construction & Forestry: net sales +29% YoY to $3.79B; operating margin 14.8%. - Investor takeaway: Deere is benefiting from portfolio resilience as segments sit at different points of the ag/infra cycle.
Guidance / forecasts mostly unchanged: enterprise net income outlook maintained for FY2026 despite tariff uncertainty - Enterprise net income (FY2026): unchanged $4.5B–$5.0B; effective tax rate now 24%–26% (incorporated into updated outlook). - Equipment ops cash flow: still $4.5B–$5.5B. - Production & Precision Ag FY2026: net sales forecast down 5%–10%; operating margin 11%–13% (unchanged). - Small Ag & Turf FY2026: net sales up ~15%; operating margin 13.5%–15%. - Construction & Forestry FY2026: net sales up ~20%; operating margin raised to 10%–12%.

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$700.40

Target Price by Analysts

19.1% upsideDeere Target Price DetailsTarget Price
$31.36

Current Fair Value

94.7% downside

Overvalued by 94.7% based on the discounted cash flow analysis.

Share Statistics

Market cap$146.45 Billion
Enterprise Value$154.17 Billion
Dividend Yield$6.48 (1.20%)
Earnings per Share$18.56
Beta0.97
Outstanding Shares270,100,000

Return

Return on Equity17.45%ROE
Return on Assets4.47%
Return on Invested Capital10.00%

Valuation & Multiples

P/E Ratio30.62P/E Ratio
PEG-1781.73PEG
Price to Sales3.38Price to Sales
Price to Book Ratio5.82Price to Book Ratio
Enterprise Value to Revenue3.27
Enterprise Value to EBIT16.87
Enterprise Value to Net Income32
Total Debt to Enterprise0.1
Debt to Equity0.57Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 21, 2026
EPS Estimate
$5.70
Average shareholder expectation
Revenue Estimate
$11.55 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 20, 2026
EPS Estimate
$4.73
Average shareholder expectation
Revenue Estimate
$10.84 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.8262▼ 17.90%
Total Calls1,912,175▲ 13.90%
Total Puts1,579,873▼ 6.38%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %71.84%▼ 1.61%
Total Invested$108.81B▲ 17.70%
Investors Holding2,637▲ 118.00%

ESG Score

No data

About Deere & Co.

74,412 employees
CEO: John May

Deere & Company is a world leader in providing advanced products, technology and services for customers whose work is revolutionizing agriculture and construction - those who cultivate, harvest, transform, enrich and build upon the land ...

Relevant Senate Committees

Joint Committee on Taxation

This committee's role in developing, analyzing, and scoring tax legislation directly influences corporate tax structures and policies that significantly impact Deere's financial performance and capital investment decisions.

Finance

This committee's control over taxation (corporate tax rates, investment credits) and trade policy (tariffs, agreements) directly impacts Deere's profitability, investment decisions, and global operations.

Appropriations

This committee directly allocates federal spending for infrastructure projects, agricultural research, and other programs that benefit Deere's customers and drive demand for its equipment.

Agriculture, Nutrition, and Forestry

This committee's role in the Farm Bill and agricultural policy directly impacts farmer income, subsidies, and demand for agricultural equipment, making it highly relevant to Deere's primary market.

Budget

By setting overall federal spending ceilings, this committee fundamentally influences the scale of appropriations for infrastructure projects and agricultural support, directly impacting demand for Deere's products.

Environment and Public Works

This committee directly impacts Deere by regulating environmental standards for its equipment (e.g., emissions) and driving federal infrastructure spending, which increases demand for construction machinery.