Deere & Company DE
All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected. 10-K, Item 1
- Employees
- 73,100
- Headquarters
- Moline, IL
- Next results
- around Nov 25, 2026
DE among Industrials peers
Six ratios from the latest 10-K. Each corner is the share of 81 peers the company is above, not a score.
What changed
48 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Dec 18, 2025 against Dec 12, 2024.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
11 checks on the latest 10-K. Checks, not verdicts.
1fact worth reading about the other 10 checks found nothing to note
-
Inventory growing faster than revenueInventory +4.4% vs revenue -11.7% (+16.1 pts)
-
Receivables -0.2% vs revenue -11.7% (+11.5 pts)
9 more checks with nothing to note
-
Cash from operations $7.5B vs net income $5.0B (FY ending Nov 2, 2025)
-
Same auditor in both 10-Ks: DELOITTE & TOUCHE LLP
-
No statement of substantial doubt about going concern
-
No 8-K item 4.02 in the last 2 years
-
No NT 10-K or NT 10-Q in the last 2 years
-
The same matters as last year: Sales Incentives; Type and number of programs; Geography; Allowance for Credit Losses
-
No sentence in the 10-K concludes that controls were not effective because of a material weakness
-
No 8-K item 2.06 in the last 2 years
-
No 8-K item 1.03 in the last 2 years
In their words
48 paragraphs in Risk Factors that were not in the 10-K filed Dec 12, 2024. Quoted as filed.
-
Item 1A · new paragraph · not in the 10-K filed Dec 12, 2024 10-K, ITEM 1A
Our success largely depends on the vitality of the agricultural industry. Historically, the agricultural industry has been cyclical and subject to a variety of economic and other factors; consequently, sales of agricultural equipment are also cyclical and generally reflect the economic health of the agricultural industry.
-
Item 1A · new paragraph · not in the 10-K filed Dec 12, 2024 10-K, ITEM 1A
The imposition of tariffs and retaliatory tariffs has impacted, and we expect will continue to impact, the sourcing of parts and components, the cost and profitability of manufacturing operations, and our ability to ship, import, and export our products. During fiscal year 2025, new tariffs were imposed in the U.S. for imports from a…
-
Item 1A · new paragraph · not in the 10-K filed Dec 12, 2024 10-K, ITEM 1A
If our business partners were to incur regulatory or judicial action, it could impact our ability to operate certain solutions abroad, or our connectivity to rural farmers. Our international operations expose us to risks and events beyond our control in countries in which we operate.
-
Item 1A · new paragraph · not in the 10-K filed Dec 12, 2024 10-K, ITEM 1A
While higher commodity prices benefit our crop-producing agricultural equipment customers, they could result in greater feed costs for dairy and livestock producers, which in turn may result in lower levels of equipment purchased by those customers. International buyers can also change the source of imported agricultural products, such…
New risk paragraphs, against peers
Latest 10-K of each, Industrials companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $52.6B | $61.3B | $51.7B | $45.7B |
| Net income | $7.1B | $10.2B | $7.1B | $5.0B |
| Operating cash flow | $4.7B | $8.6B | $9.2B | $7.5B |
| Free cash flow | $3.6B | $7.1B | $7.6B | $6.1B |
Revenue, FY2016 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$45.7B ▼ 11.7% in FY2025$5.0B ▼ 29.2% in FY2025$6.1B ▼ 19.7% in FY2025
Recent filings
1 filing in the last 30 days · SEC EDGAR
-
8-KNov 2, 2026Director or officer change, Regulation FD disclosure 8-K items 5.02, 7.01
About the company
Deere & Company, Moline, IL · from the 10-K filed Dec 18, 2025
All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected. Important factors that could cause actual results to differ materially from our expectations, or cautionary statements, and other important information about forward-looking statements are disclosed under Item 1A, “Risk Factors,” and Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations - Forward-Looking Statements,” in this Annual Report on Form 10-K.
- Headquarters
- Moline, IL
- Country
- United States
- Reports in
- USD
- Listed on
- NYSE
- Fiscal year ends
- November 1
- Last results
- Aug 20, 2026
- Incorporated in
- DE
Employees, at the top of the page: "At November 2, 2025, we had approximately 73,100 employees, of which approximately 32,500 were full-time production employees" (10-K). Address and exchange: SEC's company file.
Email alerts
Sources
The 10-K filed Dec 18, 2025 (open at SEC), compared with the 10-K filed Dec 12, 2024. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/DE/export.csv") into a cell.