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Global 500

Courtesy of Deere

364

Deere

DE

U.S.

The top maker of agricultural machinery is taking a page from Silicon Valley, investing in mobile apps that let farmers monitor the spacing between seeds and connecting its iconic green tractors and combines with sensors that detect when a machine needs to be repaired or replaced. The new focus on tech is an effort to fight slumping sales. But it’s an uphill battle. Falling crop prices have put a massive dent in Deere’s sales, which came in at $28.9 billion in 2015, 20% down from the year before. What’s worse, the company expects that 2016 will be even worse for the farming business.

CEO

Samuel R. Allen

Sector

Industrials

Industry

Construction and Farm Machinery

HQ Location

Moline, IL

Employees

57,180

Years on Global 500 List

22

Figures are for fiscal year ended Oct. 31, 2015.
Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$28,863-20.0%
Profits ($M)$1,940-38.6%
Assets ($M)$57,948
Total Stockholder Equity ($M)$6,743
Profit Ratios
Profit as % of Revenues6.7%
Profits as % of Assets3.3%
Profits as % of Stockholder Equity28.8%
STOCK QUOTE
()0.00 0.00 (0)
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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  • Dividend Yield: n/a

News about Deere

John Deere Is Paying $305 Million for This Silicon Valley Company

The ag giant is buying Blue River Technology for its machine learning-powered crop sprayers.

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One Controversial Thing Tractors and iPhones Have in Common

Unauthorized repairs for your iPhone? Not allowed. John Deere tractors? Same. Cue the outrage.

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John Deere Is Betting $5 Billion on Trump's Infrastructure Plan

It's buying German road-builder Wirtgen to beef up its construction arm

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Warren Buffett's Stocks Made $16 Billion Since the Last Berkshire Hathaway Meeting

The Oracle of Omaha's latest stock picks have done very, very well.

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John Deere Floats Drones as the Next Big Tool for Construction Workers

The equipment maker is partnering with drone startup, Kespry.

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Videos about Deere

How Monsanto is Using Data to Help Farmers

CEO Hugh Grant sits down with Fortune's Susie Gharib to explain.

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