DEDeere & Company

Industrials · Farm Machinery · NYSE

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

Compare with peers → Embed

RevenueFY2016–25 $45.7B−11.7% FY2024: $51.7B 10-K FY2025 · XBRL Net incomeFY2016–25 $5.0B−29.2% FY2024: $7.1B 10-K FY2025 · XBRL Free cash flowFY2016–25 $6.1B−19.7% FY2024: $7.6B 10-K FY2025 · XBRL

What changed

10-K filed Dec 18, 2025 against Dec 12, 2024

Area	What changed	Source
Risk factors	48 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Inventory growing faster than revenue	Inventory +4.4% vs revenue -11.7% (+16.1 pts)	10-K · XBRL
Accounting checks	10 other checks clear, 1 worth a look	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	1 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Dec 18, 2025

Paragraphs in Risk Factors that were not in the 10-K filed 2024-12-12. Quoted as filed.

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.
10-K, Item 1A

All 48 new paragraphs →

Accounting checks

latest 10-K

10 of 11 clear 1 worth a look. Checks, not verdicts.

!
Inventory growing faster than revenueInventory +4.4% vs revenue -11.7% (+16.1 pts)
✓
Receivables -0.2% vs revenue -11.7% (+11.5 pts)
✓
Cash from operations $7.5B vs net income $5.0B (FY ending 2025-11-02)
✓
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

How each check works, with sources →

In the last 30 days

All filings →

Nov 2, 20268-K Director or officer change, Regulation FD disclosure 8-K items 5.02, 7.01

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