Deere Revenues: How Does DE Make Money? | Trefis (2024)

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Deere Revenues: How Does DE Make Money? | Trefis? ›

Apart from its equipment manufacturing operations, Deere

By 2023, the company employed nearly 83,000 people, and spent about 2.2 billion U.S. dollars on research and development. John Deere generates the majority of its revenue from its. As of 2022, John Deere was the leading farm machinery manufacturer worldwide.

Deere revenue for the quarter ending April 30, 2024 was $15.235B, a 12.38% decline year-over-year. Deere revenue for the twelve months ending April 30, 2024 was $58.632B, a 1.75% decline year-over-year. Deere annual revenue for 2023 was $61.251B, a 16.5% increase from 2022.

The production and precision agriculture segment of John Deere's net sales and revenue streams in the fiscal year of 2023 amounted to 26.8 billion U.S. dollars. In the fiscal year ending October 31, 2023, the company generated nearly 14.8 billion U.S. dollars in revenue from its construction and forestry segment.

Interactive chart of historical net worth (market cap) for Deere (DE) over the last 10 years. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Deere net worth as of June 04, 2024 is $101.44B.

Apart from its equipment manufacturing operations, Deere also has a financial services division that offers financing solutions for sales and leases of its products. Deere has an established global presence through its manufacturing plants, joint ventures, and dealers.

In 2022, the company held total assets to the value of over 90 billion U.S. dollars. John Deere's largest competitors include CNH Industrial (U.K.), Kubota Corp. (Japan), AGCO (U.S.), and Claas KGaA (Germany).

Bill Gates, Deere Stock's Largest Investor, Bought More Shares - Barron's.

Total debt on the balance sheet as of January 2024 : $63.45 B. According to Deere & Company's latest financial reports the company's total debt is $63.45 B. A company's total debt is the sum of all current and non-current debts.

Their largest market share is in the Tractors & Agricultural Machinery Manufacturing industry, where they account for an estimated 38.2% of total industry revenue and are considered an All Star because they display stronger market share, profit and revenue growth compared to their peers.

What is the main business of John Deere? ›

Each year John Deere launches innovative products to meet these challenges. John Deere is a global leader in the production of agricultural, construction, and forestry equipment and solutions.

Business boomed as Deere established a reputation for both his plows and his principles. Those same principles guide Deere & Company to this day. Among them was his insistence on selling only high-quality products. In 1868, Deere's business was incorporated under the Deere & Company name.

Deere's CEO is John May, appointed in Nov 2019, has a tenure of 4.58 years. total yearly compensation is $26.72M, comprised of 6% salary and 94% bonuses, including company stock and options. directly owns 0.038% of the company's shares, worth $38.89M.

Quarterly results underscore sound execution in the face of challenging market conditions. Global agricultural and turf demand further softens while the construction industry remains stable. Full-year net income forecast updated to approximately $7.0 billion.

Ag-Pro | Your Home Team. Ag-Pro Companies is the largest privately-owned John Deere dealership in North America. We serve large ag, small ag, construction equipment and turf customers in 83 locations across seven states.

Deere net income for the twelve months ending April 30, 2024 was $9.468B, a 5.8% increase year-over-year. Deere annual net income for 2023 was $10.166B, a 42.56% increase from 2022. Deere annual net income for 2022 was $7.131B, a 19.59% increase from 2021.

Business boomed as Deere established a reputation for both his plows and his principles. Those same principles guide Deere & Company to this day. Among them was his insistence on selling only high-quality products. In 1868, Deere's business was incorporated under the Deere & Company name.

The new 9RX tractors increase productivity by 100 acres per day compared to previous models, according to John Deere. With a maximum engine power of 830 hp, the Model Year 2025 John Deere 9RX four-track tractor is the company's most powerful yet.

Born in 1804, John Deere was a talented blacksmith and innovator, known not only for his plows, but his principles. He ultimately proved to be a remarkable entrepreneur, philanthropist, and visionary. It's a classic tale of American ingenuity and integrity that still inspires us today.