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  • Previous Rank323
  • Revenues ($M)$28,863
  • Revenue Percent Change-20%
  • Profits ($M)$1,940
  • Profits Percent Change-38.6%
  • Assets ($M)$57,948
  • Employees57,180

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.

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Company Information

CEO
Samuel R. Allen
Sector
Industrials
Industry
Construction and Farm Machinery
HQ Location
Moline, IL
Employees57,180
Websitehttp://www.johndeere.com
Years on Global 500 List22
Figures are for fiscal year ended Oct. 31, 2015.

Deere Rank History

Key Financials (last fiscal year)

($ Millions)% change
Revenues ($M)$28,863-20%
Profits ($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%