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 2/1/2023
Country
U.S.
Headquarters
Moline, Ill.
Industry
Construction and Farm Machinery
CEO
John C. May
Website
Company Type
Public
Ticker
DE
Revenues ($M)
$52,577
Profits ($M)
$7,131
Market Value ($M)
$122,013
Employees
82,239
Figures are for the fiscal year ended Oct. 31, 2022. Market value as of Jan. 20, 2023. Sources: Bloomberg; S&P Global.
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)
$18,431
-
Profit Ratios
Profit as % of Revenues
13.5%
Profits as % of Assets
7.1%
Profits as % of Stockholder Equity
32.4%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
1,899
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
| Year | Revenues ($M) | Profits ($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 | $37,357.725.6% | $2,368.49.7% | $70,108 | $11,287.8 |
| 2018 | $29,737.711.6% | $2,159.141.7% | $65,786.3 | $9,557.3 |
| 2017 | $26,644-7.7% | $1,523.9-21.4% | $57,981 | $6,520 |
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