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As used herein, the terms John Deere, we, us, our, or the Company refer collectively to Deere & Company and its subsidiaries, unless designated or identified otherwise. All amounts are presented in millions of U.S. dollars, unless otherwise specified.
$576.64
$19.40 (-3.25%)
Price from 49 days ago
13.13% operating margin is respectable but not wide. ROIC at 10.23%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 11.7% YoY. Margins deteriorated 4.5pp alongside, both lines moving the wrong way.
At 33x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Free cash flow declined 20% versus the prior year, cash generation momentum has weakened.
32.7x earnings, 23.4x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$47.14B
▼ -11.7% YoY
Net Income (TTM)
$4.78B
▼ -29.2% YoY
Op. Margin
12.53%
▼ -4.5pp YoY
ROIC
9.42%
▼ -4.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$6.68B
▼ -19.7% YoY
Op. Cash Flow (TTM)
$7.93B
▼ -19.2% YoY
Net Debt
$14.00B
Cash & Equiv.
$7.91B
5Y CAGR: +5.1%
5Y CAGR: -1.8%
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