DeereDE

DeereDE

Revenue: is the business selling more than it used to?

$51.7B−16% YoYFY 2024

→Revenue reached $51.7B in 2024, compounding +6% a year since 2021 though the pace has cooled. The trailing twelve months are already running at $48.0B, behind the last full year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-08-02

DeereDE

Net income: how much of that revenue becomes profit?

$7.1B−30% YoYFY 2024

→Net income was $7.1B in 2024, compounding +6% a year over three years. Trailing twelve-month profit stands at $4.9B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-08-02

DeereDE

How fast is it growing, year by year?

-15.6%revenue growth, FY 2024

→Revenue grew -16% in 2024 against a five-year average of +13%. Earnings fell +30% on top of it.

Source: SEC EDGAR (XBRL company facts) · as at 2026-08-02

DeereDE

Revenue per share: is your slice growing as fast as the company?

$186.63revenue per share, FY 2024

→Revenue per share reached $186.63 in 2024, compounding +10% a year against +6% for DE as a whole. Buybacks added roughly 4.5 points to your per-share result. Free cash flow per share stands at $27.39.

Source: SEC EDGAR (XBRL company facts) · as at 2026-08-02

DeereDE

Free cash flow: what is left in real cash after everything?

$7.6B+7% YoYFY 2024

→Free cash flow was $7.6B in 2024, compounding +3% a year since 2021. That is the most cash the business has ever thrown off in a year. The trailing twelve months stand at $6.0B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-08-02

DeereDE

How much of every sales dollar ends up as free cash?

→15 cents of every sales dollar became free cash in 2024, and it has held steady since 2021.

Source: SEC EDGAR (XBRL company facts) · as at 2026-08-02

DeereDE

What does staying competitive cost, per dollar of sales?

→The biggest claim on each sales dollar is research and development, at 4% of revenue (capital spending 3%, stock compensation 0%). That share has risen since 2021, so the cost of competing is climbing.

Source: SEC EDGAR (XBRL company facts) · as at 2026-08-02

DeereDE

When sales grow, do profits grow faster?

→Operating profit outgrew revenue in only 2 of the last 5 years. Costs are growing roughly in step with the business, so scale isn't yet paying for itself.

Source: SEC EDGAR (XBRL company facts) · as at 2026-08-02

DeereDE

Margins: of every $1 of sales, how much survives each cost layer?

→Operating margin has held near 17% since 2021. After everything, 14 cents of each sales dollar reaches net profit. DE doesn't tag a gross-profit line in its filings, so the chart starts at operating margin.

Source: SEC EDGAR (XBRL company facts) · as at 2026-08-02

DeereDE

What does it earn on the money it uses?

→DE earns 17% on shareholders' capital. Return on capital employed isn't meaningful for this business model, so ROE carries the picture alone.

Source: SEC EDGAR (XBRL company facts) · as at 2026-08-02

DeereDE

What has the market paid for DE over time?

39.4xP/E today

→At 39.4x earnings, the market is paying +168% more than DE's own 7-year median of 14.7x. Expectations are elevated, so more has to go right to justify the price. Today's multiple is the highest in the charted history.

Source: SEC EDGAR (XBRL company facts) · as at 2026-08-02

DeereDE

What cash return does the business throw off per dollar of market value?

3.2%FCF yield today

→Every dollar of market value currently buys 3.2% of annual free cash flow, less than its 7-year median of 6.2% - you are paying up for the same cash.

Source: SEC EDGAR (XBRL company facts) · as at 2026-08-02

DeereDE

Could it handle its debt if things went wrong?

→Debt of $17.1B sits against $8.9B of cash, or 0.6x shareholders' equity. Earnings cover interest 4.5 times - adequate, with less room than it looks in a downturn.

Source: SEC EDGAR (XBRL company facts) · as at 2026-08-02

DeereDE

Is the company's own capital growing?

→The company's own capital grew from $22.1B in 2023 to $28.0B (+27%). The business is building book value rather than consuming it.

Source: SEC EDGAR (XBRL company facts) · as at 2026-08-02

DeereDE

How much goes back, and how much leaks out as stock comp?

→Shareholders received $4.0B in buybacks and $1.6B in dividends in 2024. Stock compensation issued $208M of new shares in the same year, offsetting 4% of that.

Source: SEC EDGAR (XBRL company facts) · as at 2026-08-02

DeereDE

How fast is your ownership being diluted - or concentrated?

→The share count shrank 5.6% in 2024, averaging 4.1% a year over three years. Buybacks are concentrating your ownership: the same business, split fewer ways.

Source: SEC EDGAR (XBRL company facts) · as at 2026-08-02

DeereDE

Is the dividend cheque growing?

→The dividend per share reached $5.79 in 2024, compounding +15% a year since 2018.

Source: SEC EDGAR (XBRL company facts) · as at 2026-08-02

DeereDE

Can it afford the dividend?

→The dividend consumed 23% of profit and 21% of free cash flow in 2024. That leaves room to keep paying through a weak year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-08-02

DeereDE

DE has issued or retired shares - did shareholders end up better off?

→DE has shrunk its share count -39% from 2007 to 2024, so each remaining share owns more of the business. Revenue per share is +253% over the same years.

Source: SEC EDGAR (XBRL company facts) · as at 2026-08-02

DeereDE

Are the people running it buying or selling?

→Insiders sold $56M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 34 filings were grants, option exercises or tax withholding, which say nothing either way.

Source: SEC EDGAR (XBRL company facts) · as at 2026-08-02