How does Deere & Company (DE) make money?

Deere & Company (DE) generates revenue primarily from Production & Precision Ag (PPA), which accounted for 34.6% of total revenue in TTM through Q2 2026. The company reported $46.9B in revenue and converted 10.2% of it into net profit, equivalent to roughly $4.78B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Deere & Company (DE)?

Deere & Company (DE) reported a gross profit margin of 35.4% in TTM through Q2 2026, equivalent to $16.6B in gross profit on $46.9B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Deere & Company (DE)?

Deere & Company (DE) reported an operating profit margin of 18.4% in TTM through Q2 2026, equivalent to $8.61B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Deere & Company (DE)?

Deere & Company (DE) reported a net profit margin of 10.2% in TTM through Q2 2026, equivalent to $4.78B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Deere & Company (DE) profitable?

Yes. Deere & Company (DE) reported $4.78B in net income for TTM through Q2 2026, with a net profit margin of 10.2%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Deere & Company (DE) invest in research and development?

Deere & Company (DE) invested $2.37B in research and development during TTM through Q2 2026, roughly 5.1% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does Deere & Company (DE) spend on capital expenditures?

Deere & Company (DE) spent $4.17B on capital expenditures (CapEx) during TTM through Q2 2026, roughly 8.9% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Deere & Company (DE) generate?

Deere & Company (DE) generated $3.77B in free cash flow during TTM through Q2 2026, a free-cash-flow margin of 8.0%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Deere & Company (DE)?

Deere & Company (DE) had an effective tax rate of 23% in TTM through Q2 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Deere & Company (DE)?

Deere & Company (DE) reports revenue across 8 reportable product segments, led by Production & Precision Ag (PPA) at 34.4% of total revenue in TTM through Q2 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does Deere & Company (DE) generate most of its revenue?

UNITED STATES is the largest geographic market for Deere & Company (DE), accounting for 51.7% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How Deere & Company Makes Money: 2026 Visual Revenue Map

Deere & Company (DE) Income Statement Flow — TTM through Q2 2026

Calculated from the four most recent reported quarters, ending May 3, 2026 (reported May 28, 2026).

Deere & Company (DE) Revenue by Product Segment — TTM through Q2 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Deere & Company (DE), TTM through Q2 2026.
Segment	Revenue (USD)	% of total
Production & Precision Ag (PPA)	$16.1B	34.4%
Small Agriculture	$7.79B	16.6%
Compact Construction Equipment	$7.34B	15.7%
Financial Products	$6.11B	13%
Roadbuilding	$4B	8.5%
Turf	$2.92B	6.2%
Material Reconciling Items	$1.37B	2.9%
Forestry	$1.19B	2.5%
Total	$46.9B	100%

Production & Precision Ag (PPA)$16.1B
Small Agriculture$7.79B
Compact Construction Equipment$7.34B
Financial Products$6.11B
Roadbuilding$4B
Turf$2.92B
Material Reconciling Items$1.37B
Forestry$1.19B
Total$46.9B

Deere & Company (DE) Revenue by Geography — TTM through Q2 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for Deere & Company (DE), TTM through Q2 2026
Region	Revenue (USD)	% of total
UNITED STATES	$24.5B	51.7%
Western Europe	$7.29B	15.4%
Latin America	$5.45B	11.5%
Asia, Africa, Oceania, and Middle East	$4.67B	9.8%
CANADA	$3.69B	7.8%
Central Europe and Commonwealth of Independent States	$1.8B	3.8%
Total	$47.4B	100%

UNITED STATES
Western Europe
Latin America
Asia, Africa, Oceania, and Middle East
CANADA
Central Europe and Commonwealth of Independent States
Total

Revenue Breakdown — TTM through Q2 2026

In TTM through Q2 2026, Deere & Company (DE) reports revenue across 8 reportable product segments; the largest segment was Production & Precision Ag (PPA) at 34.4%, followed by Small Agriculture (16.6%) and Compact Construction Equipment (15.7%). Geographically, UNITED STATES accounted for 51.7% of revenue, followed by Western Europe (15.4%) and Latin America (11.5%).

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