Deere (DE) Stock Analysis

July 23, 2026

This is a peer-relative look at Deere (DE): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Capital Goods peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Deere (DE)
Profile Item	DE
Name	Deere & Company
Country/Region	United States
GICS Sector	Industrials
GICS Industry Group	Capital Goods
GICS Industry	Machinery
GICS Sub-Industry	Agricultural & Farm Machinery
Market Capitalization	158.42 billion USD
Currency	USD
Exchange	NYSE
Listing Date	June 1, 1972
Security Type	Common Stock

Price Performance

Cumulative Growth

GSPC

Deere (DE) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Deere (DE) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Deere (DE) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Deere (DE) metric values compared with Capital Goods industry-group medians
Metric	Current stock: DE	Industry group median
Total Return (1Y)	19.75%	20.73%
Total Return (3Y, Annualized)	11.86%	16.65%
Total Return (5Y, Annualized)	12.17%	10.84%

Risk Profile

Drawdown History

GSPC

Deere (DE) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Deere (DE) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Deere (DE) metric values compared with Capital Goods industry-group medians
Metric	Current stock: DE	Industry group median
Volatility (1Y, Annualized)	30.94%	42.81%
Beta (5Y)	0.90	1.20
Max Drawdown (5Y)	-33.81%	-48.46%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. DE is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Deere (DE) metric values compared with Capital Goods industry-group medians
Metric	Current stock: DE	Industry group median
Sharpe Ratio (1Y)	0.51	0.38
Sortino Ratio (1Y)	0.80	0.58

Profitability

ROE (TTM)

Deere (DE) posts ROE of 18.35%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

DE

Capital Goods industry group

18.35%

Group distribution

Max: 42.07%
Q3: 19.97%
DE: 18.35%
Median: 11.35%
Q1: 3.35%
Min: -19.79%

Largest peers

BA: 169.95%
GEV: 75.71%
CAT: 51.33%
GE: 48.23%
ETN: 20.85%
DE: 18.35%
RTX: 11.57%

Where Deere (DE) stands on ROE within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Deere (DE) keeps 10.10% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

DE

Capital Goods industry group

10.10%

Group distribution

Max: 24.69%
Q3: 11.54%
DE: 10.10%
Median: 5.80%
Q1: 0.73%
Min: -13.94%

Largest peers

GEV: 23.81%
GE: 17.72%
ETN: 13.99%
CAT: 13.33%
DE: 10.10%
RTX: 8.03%
BA: 2.46%

Where Deere (DE) stands on net margin within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Deere (DE) turns 17.48% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

DE

Capital Goods industry group

17.48%

Group distribution

Max: 29.84%
DE: 17.48%
Q3: 16.03%
Median: 8.69%
Q1: 1.95%
Min: -17.50%

Largest peers

GE: 20.57%
CAT: 18.18%
DE: 17.48%
ETN: 16.11%
RTX: 13.18%
GEV: 5.46%
BA: 1.72%

Where Deere (DE) stands on operating margin within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Deere (DE) metric values compared with Capital Goods industry-group medians
Metric	Current stock: DE	Industry group median
ROE (TTM)	18.35%	11.35%
ROA (TTM)	3.83%	5.15%
Net Margin (TTM)	10.10%	5.80%
Operating Margin (TTM)	17.48%	8.69%
Gross Margin (TTM)	25.97%	29.71%

Growth

Revenue Growth

Deere (DE) grew revenue -11.59%, in the lower peer quartile. The top line is expanding more slowly than at most peers, which can reflect softer demand, lost share, or weaker pricing.

Deere (DE): Revenue Growth across different time periods, set against Capital Goods industry-group medians.

EPS Growth

Deere (DE) grew earnings per share -27.79%, in the lower peer quartile. Per-share profits are advancing more slowly than at most peers, so margins, costs, or share count deserve a closer look.

Deere (DE): EPS Growth across different time periods, set against Capital Goods industry-group medians.

Growth Metrics

Deere (DE) metric values compared with Capital Goods industry-group medians
Metric	Current stock: DE	Industry group median
Revenue Growth (YoY)	-11.59%	8.06%
Revenue Growth (3Y CAGR)	-4.50%	6.41%
EPS Growth (YoY)	-27.79%	4.71%
EPS Growth (3Y CAGR)	-7.37%	5.63%

Financial Strength

Current Ratio (MRQ)

Deere (DE) has current ratio of 2.21, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

DE

Capital Goods industry group

2.21

Group distribution

Max: 5.24
Q3: 2.97
DE: 2.21
Median: 2.12
Q1: 1.45
Min: 0.71

Largest peers

DE: 2.21
CAT: 1.35
ETN: 1.19
BA: 1.18
RTX: 1.02
GE: 0.98
GEV: 0.89

Where Deere (DE) stands on current ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Deere (DE) has debt-to-equity ratio of 3.76, above the industry benchmark range. Debt sits unusually high against shareholders’ equity, leaving the balance sheet more exposed to rate, refinancing, or earnings shocks.

DE

Capital Goods industry group

3.76

Group distribution

DE: 3.76
Max: 2.31
Q3: 1.10
Median: 0.63
Q1: 0.28
Min: 0.00

Largest peers

BA: 8.29
DE: 3.76
CAT: 2.31
GE: 1.13
ETN: 1.10
RTX: 0.57
GEV: 0.25

Where Deere (DE) stands on debt-to-equity ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Deere (DE) metric values compared with Capital Goods industry-group medians
Metric	Current stock: DE	Industry group median
Current Ratio (MRQ)	2.21	2.12
Debt / Equity (MRQ)	3.76	0.63
Net Debt / EBITDA	4.60	2.03

Dividends

Dividend Yield (TTM)

Deere (DE) has dividend yield of 1.11%, in the upper peer-yield quartile while still inside the industry range. The dividend offers more cash income per dollar of share price than most peers, though payout coverage still matters.

DE

Capital Goods industry group

1.11%

Group distribution

Max: 2.64%
DE: 1.11%
Q3: 1.06%
Median: 0.14%
Q1: 0.00%
Min: 0.00%

Largest peers

RTX: 1.40%
DE: 1.11%
ETN: 1.05%
CAT: 0.70%
GE: 0.49%
GEV: 0.14%
BA: 0.00%

Where Deere (DE) stands on dividend yield within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Deere (DE) has payout ratio of 36.71%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

DE

Capital Goods industry group

36.71%

Group distribution

Max: 72.02%
DE: 36.71%
Q3: 29.57%
Median: 6.31%
Q1: 0.00%
Min: 0.00%

Largest peers

RTX: 51.03%
ETN: 41.29%
DE: 36.71%
CAT: 29.58%
GE: 19.58%
GEV: 5.11%
BA: 0.00%

Where Deere (DE) stands on payout ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Deere (DE) metric values compared with Capital Goods industry-group medians
Metric	Current stock: DE	Industry group median
Dividend Yield (TTM)	1.11%	0.14%
Dividend Payout Ratio (TTM)	36.71%	6.31%

Valuation

P/E Ratio (TTM)

Deere (DE) trades at P/E ratio of 33.21, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

DE

Capital Goods industry group

33.21

Group distribution

Max: 77.51
Q3: 46.30
DE: 33.21
Median: 31.73
Q1: 22.49
Min: 1.06

Largest peers

BA: 82.58
CAT: 43.10
GE: 40.32
ETN: 39.20
RTX: 36.47
DE: 33.21
GEV: 31.54

Where Deere (DE) stands on P/E ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Deere (DE) trades at 3.35 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

DE

Capital Goods industry group

3.35

Group distribution

Max: 9.90
Q3: 4.82
DE: 3.35
Median: 2.65
Q1: 1.27
Min: 0.05

Largest peers

GEV: 7.36
GE: 6.98
CAT: 5.79
ETN: 5.49
DE: 3.35
RTX: 2.89
BA: 1.75

Where Deere (DE) stands on P/S ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Deere (DE) trades at 5.78 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

DE

Capital Goods industry group

5.78

Group distribution

Max: 12.69
Q3: 6.34
DE: 5.78
Median: 3.69
Q1: 2.01
Min: -4.34

Largest peers

BA: 26.98
CAT: 21.97
GEV: 20.82
GE: 19.69
ETN: 7.93
DE: 5.78
RTX: 3.94

Where Deere (DE) stands on P/B ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Deere (DE) metric values compared with Capital Goods industry-group medians
Metric	Current stock: DE	Industry group median
P/E Ratio (TTM)	33.21	31.73
P/S Ratio (TTM)	3.35	2.65
P/B Ratio (MRQ)	5.78	3.69
Free Cash Flow Yield (TTM)	0.69%	2.18%