DEDeere & Company

Industrials · Farm Machinery · NYSE

DE and 9 peers, year by year

The 9 Industrials companies closest to DE in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

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Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Gross margin	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
DE Deere & Company	FY2025	$45.7B	−11.7%	-	-	11.0%	13.4%	19.4%	0.53
GEV GE Vernova	FY2025	$38.1B	+9.0%	19.8%	3.6%	12.8%	9.7%	43.7%	0.03
NOC Northrop Grumman	FY2025	$42.0B	+2.2%	-	10.8%	10.0%	7.9%	25.1%	0.94
GE GE Aerospace	FY2025	$45.9B	+18.5%	-	-	19.0%	15.8%	46.6%	1.10
GD General Dynamics	FY2025	$52.5B	+10.1%	-	10.2%	8.0%	7.5%	16.4%	0.35
UBER Uber	FY2025	$52.0B	+18.3%	-	10.7%	19.3%	18.8%	37.2%	0.39
HON Honeywell Technologies	FY2025	$37.4B	+7.8%	-	21.7%	12.6%	14.5%	34.0%	2.49
PWR Quanta Services	FY2025	$28.5B	+20.3%	15.0%	5.7%	3.6%	5.7%	11.5%	0.67
CMI Cummins	FY2025	$33.7B	−1.3%	25.3%	12.0%	8.4%	7.1%	23.0%	0.59
FERG Ferguson Enterprises	FY2025	$30.8B	+3.8%	30.7%	8.5%	6.0%	5.2%	31.8%	0.72

Revenuepeer median $38.1B

Sales growthpeer median +9.0%

Gross marginpeer median 22.5%

FERG 30.7%
CMI 25.3%
GEV 19.8%
PWR 15.0%
DE -
NOC -
GE -
GD -
UBER -
HON -

Operating marginpeer median 10.4%

HON 21.7%
CMI 12.0%
NOC 10.8%
UBER 10.7%
GD 10.2%
FERG 8.5%
PWR 5.7%
GEV 3.6%
DE -
GE -

Net marginpeer median 10.0%

FCF marginpeer median 7.9%

Return on equitypeer median 31.8%

Debt / equitypeer median 0.67

HON 2.49
GE 1.10
NOC 0.94
FERG 0.72
PWR 0.67
CMI 0.59
DE 0.53
UBER 0.39
GD 0.35
GEV 0.03

RevenueSales growthGross marginOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2016 to FY2025

Revenue as reported in the 10-K.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
DE Nov	$26.6B	$29.7B	$37.4B	$39.3B	$35.5B	$44.0B	$52.6B	$61.3B	$51.7B	$45.7B
GEV Dec	-	-	-	-	-	-	$29.7B	$33.2B	$34.9B	$38.1B
NOC Dec	$24.7B	$26.0B	$30.1B	$33.8B	$36.8B	$35.7B	$36.6B	$39.3B	$41.0B	$42.0B
GE Dec	$119.5B	$113.2B	$113.5B	$90.2B	$75.8B	$56.5B	$29.1B	$35.3B	$38.7B	$45.9B
GD Dec	$30.6B	$31.0B	$36.2B	$39.4B	$37.9B	$38.5B	$39.4B	$42.3B	$47.7B	$52.5B
UBER Dec	-	$7.9B	$10.4B	$13.0B	$11.1B	$17.5B	$31.9B	$37.3B	$44.0B	$52.0B
HON Dec	$39.3B	$40.5B	$41.8B	$36.7B	$34.4B	-	$35.5B	$33.0B	$34.7B	$37.4B
PWR Dec	$7.7B	$9.5B	$11.2B	$12.1B	$11.2B	$13.0B	$17.1B	$20.9B	$23.7B	$28.5B
CMI Dec	$17.5B	$20.4B	$23.8B	$23.6B	$19.8B	$24.0B	$28.1B	$34.1B	$34.1B	$33.7B
FERG Jul	-	-	-	-	-	-	$28.6B	$29.7B	$29.6B	$30.8B
Peer median	$27.6B	$26.0B	$30.1B	$33.8B	$34.4B	$29.8B	$29.7B	$34.1B	$34.9B	$38.1B

Sales growth, FY2016 to FY2025

Revenue against the fiscal year before.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
DE Nov	-	+11.6%	+25.6%	+5.1%	−9.5%	+23.9%	+19.4%	+16.5%	−15.6%	−11.7%
GEV Dec	-	-	-	-	-	-	-	+12.1%	+5.1%	+9.0%
NOC Dec	+4.2%	+5.3%	+15.7%	+12.4%	+8.7%	−3.1%	+2.6%	+7.3%	+4.4%	+2.2%
GE Dec	+5.4%	+0.7%	−2.3%	−1.9%	−15.9%	−2.2%	+2.9%	+21.3%	+9.5%	+18.5%
GD Dec	−3.8%	+1.3%	+16.9%	+8.7%	−3.6%	+1.4%	+2.4%	+7.3%	+12.9%	+10.1%
UBER Dec	-	-	+42.1%	+24.6%	−14.3%	+56.7%	+82.6%	+17.0%	+18.0%	+18.3%
HON Dec	+1.9%	+3.1%	+3.1%	−12.2%	+5.4%	-	+3.1%	+3.4%	+5.2%	+7.8%
PWR Dec	-	+23.7%	+18.0%	+8.4%	−7.5%	+15.9%	+31.5%	+22.3%	+13.4%	+20.3%
CMI Dec	−8.4%	+16.7%	+16.4%	−0.8%	−16.0%	+21.3%	+16.9%	+21.3%	+0.1%	−1.3%
FERG Jul	-	-	-	-	-	-	-	+4.1%	−0.3%	+3.8%
Peer median	+1.9%	+4.2%	+16.4%	+8.4%	−7.5%	+8.7%	+3.1%	+12.1%	+5.2%	+9.0%

Gross margin, FY2016 to FY2025

Gross profit / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
DE Nov	-	-	-	-	-	-	-	-	-	-
GEV Dec	-	-	-	-	-	-	11.7%	14.5%	17.4%	19.8%
NOC Dec	-	-	-	-	-	-	-	-	-	-
GE Dec	-	-	-	-	-	-	-	-	-	-
GD Dec	-	-	-	-	-	-	-	-	-	-
UBER Dec	-	-	-	-	-	-	-	-	-	-
HON Dec	30.9%	30.6%	30.5%	33.7%	-	-	-	-	-	-
PWR Dec	13.3%	13.1%	13.2%	13.2%	14.8%	15.0%	14.8%	14.1%	14.8%	15.0%
CMI Dec	25.5%	25.0%	24.1%	25.4%	24.7%	23.7%	23.9%	24.2%	24.7%	25.3%
FERG Jul	-	-	-	-	-	-	30.7%	30.4%	30.5%	30.7%
Peer median	25.5%	25.0%	24.1%	25.4%	-	-	19.4%	19.4%	21.1%	22.5%

Operating margin, FY2016 to FY2025

Operating income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
DE Nov	9.7%	12.0%	12.0%	11.2%	12.1%	18.2%	18.1%	21.2%	17.5%	-
GEV Dec	-	-	-	-	-	-	−9.7%	−2.8%	1.3%	3.6%
NOC Dec	13.3%	12.4%	12.6%	11.7%	11.0%	15.8%	9.8%	6.5%	10.6%	10.8%
GE Dec	-	-	-	-	-	-	-	-	-	-
GD Dec	12.3%	13.7%	12.1%	11.6%	10.9%	10.8%	10.7%	10.0%	10.1%	10.2%
UBER Dec	-	−51.4%	−29.1%	−66.1%	−43.7%	−22.0%	−5.7%	3.0%	6.4%	10.7%
HON Dec	-	-	-	-	-	-	22.6%	22.9%	22.1%	21.7%
PWR Dec	4.2%	4.0%	4.8%	4.6%	5.5%	5.1%	5.1%	5.4%	5.7%	5.7%
CMI Dec	10.7%	11.4%	11.7%	11.5%	11.5%	11.3%	10.4%	5.2%	11.0%	12.0%
FERG Jul	-	-	-	-	-	-	9.9%	8.9%	8.9%	8.5%
Peer median	11.5%	11.4%	11.7%	11.5%	10.9%	10.8%	9.9%	5.9%	9.5%	10.4%

Net margin, FY2016 to FY2025

Net income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
DE Nov	5.7%	7.3%	6.3%	8.3%	7.7%	13.5%	13.6%	16.6%	13.7%	11.0%
GEV Dec	-	-	-	-	-	-	−9.2%	−1.3%	4.4%	12.8%
NOC Dec	8.3%	11.0%	10.7%	6.6%	8.7%	19.6%	13.4%	5.2%	10.2%	10.0%
GE Dec	6.3%	−7.5%	−19.7%	−5.5%	7.5%	−11.2%	1.2%	26.8%	16.9%	19.0%
GD Dec	8.4%	9.4%	9.2%	8.9%	8.4%	8.5%	8.6%	7.8%	7.9%	8.0%
UBER Dec	-	−50.8%	9.6%	−65.4%	−60.8%	−2.8%	−28.7%	5.1%	22.4%	19.3%
HON Dec	12.2%	3.8%	16.2%	16.7%	16.1%	-	14.0%	17.1%	16.4%	12.6%
PWR Dec	2.6%	3.3%	2.6%	3.3%	4.0%	3.7%	2.9%	3.6%	3.8%	3.6%
CMI Dec	8.0%	4.9%	9.0%	9.6%	9.0%	8.9%	7.7%	2.2%	11.6%	8.4%
FERG Jul	-	-	-	-	-	-	7.4%	6.4%	5.9%	6.0%
Peer median	8.1%	3.8%	9.2%	6.6%	8.4%	6.1%	7.4%	5.2%	10.2%	10.0%

Free cash flow, FY2016 to FY2025

Cash from operations minus capital spending.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
DE Nov	$3.1B	$1.6B	$926.0M	$2.3B	$6.7B	$6.9B	$3.6B	$7.1B	$7.6B	$6.1B
GEV Dec	-	-	-	-	-	-	−$627.0M	$442.0M	$1.7B	$3.7B
NOC Dec	$1.9B	$1.7B	$2.6B	$3.0B	$2.9B	$2.2B	$1.5B	$2.1B	$2.6B	$3.3B
GE Dec	−$6.0B	−$88.0M	−$1.6B	$6.5B	$2.0B	$2.2B	$4.5B	$4.3B	$3.7B	$7.3B
GD Dec	$1.8B	$3.4B	$2.5B	$2.0B	$2.9B	$3.4B	$3.5B	$3.8B	$3.2B	$4.0B
UBER Dec	-	−$2.2B	−$2.1B	−$4.9B	−$3.4B	−$743.0M	$390.0M	$3.4B	$6.9B	$9.8B
HON Dec	$4.4B	$4.9B	$5.6B	$6.1B	$5.1B	-	$4.5B	$4.6B	$5.2B	$5.4B
PWR Dec	$178.2M	$127.2M	$65.2M	$264.8M	$855.9M	$196.5M	$702.7M	$1.1B	$1.5B	$1.6B
CMI Dec	$1.4B	$1.8B	$1.7B	$2.5B	$2.2B	$1.5B	$1.0B	$2.8B	$279.0M	$2.4B
FERG Jul	-	-	-	-	-	-	$859.0M	$2.3B	$1.5B	$1.6B
Peer median	$1.6B	$1.7B	$1.7B	$2.5B	$2.2B	$1.8B	$1.0B	$2.8B	$2.6B	$3.7B

FCF margin, FY2016 to FY2025

Free cash flow / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
DE Nov	11.7%	5.4%	2.5%	5.8%	18.7%	15.6%	6.8%	11.6%	14.7%	13.4%
GEV Dec	-	-	-	-	-	-	−2.1%	1.3%	4.9%	9.7%
NOC Dec	7.7%	6.5%	8.6%	9.0%	7.8%	6.0%	4.0%	5.3%	6.4%	7.9%
GE Dec	−5.1%	−0.1%	−1.5%	7.2%	2.6%	4.0%	15.6%	12.2%	9.5%	15.8%
GD Dec	5.8%	11.1%	6.8%	5.1%	7.6%	8.8%	8.8%	9.0%	6.7%	7.5%
UBER Dec	-	−28.2%	−20.1%	−37.8%	−30.2%	−4.3%	1.2%	9.0%	15.7%	18.8%
HON Dec	11.2%	12.2%	13.4%	16.5%	15.0%	-	12.7%	13.9%	15.1%	14.5%
PWR Dec	2.3%	1.3%	0.6%	2.2%	7.6%	1.5%	4.1%	5.5%	6.2%	5.7%
CMI Dec	8.0%	8.7%	7.0%	10.5%	11.1%	6.3%	3.7%	8.1%	0.8%	7.1%
FERG Jul	-	-	-	-	-	-	3.0%	7.7%	5.1%	5.2%
Peer median	6.7%	6.5%	6.8%	7.2%	7.6%	5.0%	4.0%	8.1%	6.4%	7.9%

Return on equity, FY2016 to FY2025

Net income / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
DE Nov	23.4%	22.6%	21.0%	28.5%	21.3%	32.4%	35.2%	46.7%	31.1%	19.4%
GEV Dec	-	-	-	-	-	-	−23.6%	−5.9%	16.3%	43.7%
NOC Dec	38.1%	40.2%	39.4%	25.5%	30.1%	54.2%	32.0%	13.9%	27.3%	25.1%
GE Dec	10.7%	−15.1%	−72.2%	−17.6%	16.0%	−19.8%	1.0%	34.6%	33.9%	46.6%
GD Dec	25.0%	24.7%	27.6%	24.9%	20.2%	18.5%	18.3%	15.6%	17.1%	16.4%
UBER Dec	-	n/m	n/m	−59.9%	−55.2%	−3.4%	−124.5%	16.8%	45.7%	37.2%
HON Dec	24.8%	9.4%	37.2%	33.2%	29.8%	-	29.7%	35.7%	30.6%	34.0%
PWR Dec	5.9%	8.3%	8.1%	9.9%	10.3%	9.5%	9.1%	11.9%	12.4%	11.5%
CMI Dec	20.3%	13.8%	29.1%	30.1%	22.2%	26.2%	24.0%	8.3%	38.4%	23.0%
FERG Jul	-	-	-	-	-	-	45.5%	37.5%	30.9%	31.8%
Peer median	22.6%	11.6%	28.4%	24.9%	20.2%	14.0%	18.3%	15.6%	30.6%	31.8%

Debt / equity, FY2016 to FY2025

Total debt / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
DE Nov	3.64	2.71	2.41	2.65	3.19	2.38	0.62	0.82	0.59	0.53
GEV Dec	-	-	-	-	-	-	-	0.02	0.01	0.03
NOC Dec	1.32	2.14	1.76	1.57	1.42	0.99	0.84	0.94	1.06	0.94
GE Dec	1.94	2.37	3.28	3.21	2.11	1.10	0.71	0.80	1.00	1.10
GD Dec	0.38	0.34	1.11	1.07	1.03	0.71	0.64	0.46	0.47	0.35
UBER Dec	-	-	n/m	0.41	0.65	0.65	1.28	0.85	0.44	0.39
HON Dec	0.81	1.08	0.89	0.87	1.06	-	1.17	1.29	1.67	2.49
PWR Dec	0.11	0.18	0.31	0.34	0.27	0.73	0.69	0.67	0.57	0.67
CMI Dec	0.26	0.27	0.33	0.30	0.50	0.49	0.85	0.72	0.65	0.59
FERG Jul	-	-	-	-	-	-	-	0.75	0.70	0.72
Peer median	0.60	0.71	1.00	0.87	1.03	0.72	0.84	0.75	0.65	0.67

EPS (diluted), FY2016 to FY2025

Diluted earnings per share, on today's share count after splits.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
DE Nov	$4.81	$6.68	$7.24	$10.15	$8.69	$18.99	$23.28	$34.63	$25.62	$18.50
GEV Dec	-	-	-	-	-	-	−$10.00	−$1.60	$5.58	$17.69
NOC Dec	$11.32	$16.34	$18.49	$13.22	$19.03	$43.54	$31.47	$13.53	$28.34	$29.08
GE Dec	$6.00	−$8.24	−$20.96	−$4.99	$4.63	−$6.00	$0.05	$8.36	$5.99	$8.14
GD Dec	$8.29	$9.56	$11.18	$11.98	$11.00	$11.55	$12.19	$12.02	$13.63	$15.45
UBER Dec	-	−$9.46	$0.00	−$6.81	−$3.86	−$0.29	−$4.65	$0.87	$4.56	$4.73
HON Dec	$12.42	$4.00	$17.96	$16.82	$15.82	-	$14.54	$16.94	$17.42	$14.72
PWR Dec	$1.26	$2.00	$1.90	$2.73	$3.07	$3.34	$3.32	$5.00	$6.03	$6.80
CMI Dec	$8.23	$5.97	$13.15	$14.48	$12.01	$14.61	$15.12	$5.15	$28.37	$20.50
FERG Jul	-	-	-	-	-	-	$9.69	$9.12	$8.53	$9.32
Peer median	$8.26	$4.00	$11.18	$11.98	$11.00	$7.45	$9.69	$8.36	$8.53	$14.72

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out DE and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

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