A staple of American manufacturing for nearly 200 years, Illinois-based Deere makes agricultural and construction machinery as well as diesel engines and lawn care equipment. In 2021, the company posted 24% year-over-year revenue growth. Profits jumped, too, with demand for its machinery snapping back as the global economy rebounded. Deere also smoothed its labor outlook for the near future by reaching a six-year labor agreement with the United Auto Workers union in November 2021, ending a five-week strike. After Russia’s invasion of Ukraine, Deere suspended shipments of machinery to Russia and Belarus.
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Company Information

As of 6/5/23
Country
U.S.
Headquarters
Moline, Ill.
Industry
Construction and Farm Machinery
CEO
John C. May
Company Type
Public
Ticker
DE
Revenues ($M)
$52,577
Profits ($M)
$7,131
Market Value ($M)
$122,346
Employees
82,239
Figures are for fiscal year ended Oct. 31, 2022. Market value as of March 31, 2023.

Key Financials (Last Fiscal Year)

$ millions
% change
Revenues ($M)
$44,024
23.9%
Profits ($M)
$5,963
116.8%
Assets ($M)
$84,114
-
Total Stockholder Equity ($M)
$18,431
-

Profit Ratios

Profit as % of Revenues
13.5%
Profits as % of Assets
7.1%
Profits as % of Stockholder Equity
32.4%

Earnings Per Share (Last Fiscal Year)

Earnings Per Share ($)
18.99
EPS % Change (from 2020)
118.5%
EPS % Change (5 year annual rate)
31.6%
EPS % Change (10 year annual rate)
11.1%

Total Return

Total Return to Investors (2021)
28.7%
Total Return to Investors (5 year, annualized)
29.3%
Total Return to Investors (10 year, annualized)
18.5%

Deere Rank History

Historical Data

YearRevenues ($M)Profits ($M)Assets ($M)Total Stockholder Equity ($M)
2021$35,540-9.5%$2,751-15.4%$75,091$12,937
2020$39,2585.1%$3,25337.4%$73,011$11,413
2019$37,35825.6%$2,3689.7%$70,108$11,288
2018$29,73811.6%$2,15941.7%$65,786$9,557
2017$26,644-7.7%$1,524-21.4%$57,981$6,520
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