Deere & Co. income statement & cash flow
In the fiscal year ended Nov 2, 2025, Deere & Co. reported net income of $5.03B on revenue of $45.68B. Operating cash flow was $7.46B and capital expenditures were $1.36B, leaving $6.10B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Oct 2016 | Oct 2017 | Oct 2018 | Nov 2019 | Nov 2020 | Oct 2021 | Oct 2022 | Oct 2023 | Oct 2024 | Nov 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $26.64B | $29.74B | $37.36B | $39.26B | $35.54B | $44.02B | $52.58B | $61.25B | $51.72B | $45.68B |
| Operating income | $2.59B | $3.57B | $4.48B | $4.42B | $4.30B | $8.01B | $9.51B | $12.96B | $9.04B | — |
| Net income | $1.52B | $2.16B | $2.37B | $3.25B | $2.75B | $5.96B | $7.13B | $10.17B | $7.10B | $5.03B |
| Diluted EPS | $4.81 | $6.68 | $7.24 | $10.15 | $8.69 | $18.99 | $23.28 | $34.63 | $25.62 | $18.50 |
| Operating cash flow | $3.76B | $2.20B | $1.82B | $3.41B | $7.48B | $7.73B | $4.70B | $8.59B | $9.23B | $7.46B |
| Capital expenditures | $644.40M | $595.00M | $896.00M | $1.12B | $820.00M | $848.00M | $1.13B | $1.50B | $1.64B | $1.36B |
| Reported in | 10-K 2016 | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2025 | 10-K 2025 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Nov 2025 | — | — | 11.0% |
| Oct 2024 | — | 17.5% | 13.7% |
| Oct 2023 | — | 21.2% | 16.6% |
| Oct 2022 | — | 18.1% | 13.6% |
| Oct 2021 | — | 18.2% | 13.5% |
Source: SEC EDGAR XBRL company facts for CIK 315189 (raw data). Most recent filing in this dataset: 10-Q filed Aug 27, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.