# DEERE & CO (DE) FY2025 Annual P&L / Income Statement - Company: DEERE & CO (DE) - Period: 2024-10-28 to 2025-11-02 - Filing: FY2025 10-K, filed 2025-12-18, accession number 0001104659-25-122321 - Page: https://plicit.ai/financials/de/fy2025-annual-income-statement - Chart image: https://plicit.ai/charts/de-fy2025-annual-income-statement-sankey.png ## Chart details: Revenue by Product and Service (7 categories) Income statement for 2024-10-28 through 2025-11-02. View: Product and service (7 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 45,684,000,000 US dollars - **Cost of revenue (calculated)**: 28,159,000,000 US dollars - **Gross profit (calculated)**: 17,525,000,000 US dollars - **Operating expenses (calculated)**: 11,268,000,000 US dollars - **Operating profit (calculated)**: 6,257,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 6,257,000,000 US dollars - **Provision for income taxes**: 1,259,000,000 US dollars - **Net Income**: 4,998,000,000 US dollars - **Production Agriculture**: 16,960,000,000 US dollars - **Small Agriculture**: 7,215,000,000 US dollars - **Turf**: 2,731,000,000 US dollars - **Construction**: 4,570,000,000 US dollars - **Compact Construction**: 1,922,000,000 US dollars - **Roadbuilding**: 3,552,000,000 US dollars - **Forestry**: 1,124,000,000 US dollars - **Undisclosed (calculated)**: 7,610,000,000 US dollars - **Cost of sales**: 28,159,000,000 US dollars - **Research and development expenses**: 2,311,000,000 US dollars - **Selling, administrative and general expenses**: 4,663,000,000 US dollars - **Interest expense**: 3,170,000,000 US dollars - **Other operating expenses**: 1,124,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. - Of which attributable to DEERE & CO: $5.03 B; to noncontrolling interests: −$29.00 M. ## Chart details: Revenue by Geography - Page: https://plicit.ai/financials/de/fy2025-annual-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/de-fy2025-annual-revenue-by-geography-sankey.png Income statement for 2024-10-28 through 2025-11-02. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 45,684,000,000 US dollars - **Cost of revenue (calculated)**: 28,159,000,000 US dollars - **Gross profit (calculated)**: 17,525,000,000 US dollars - **Operating expenses (calculated)**: 11,268,000,000 US dollars - **Operating profit (calculated)**: 6,257,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 6,257,000,000 US dollars - **Provision for income taxes**: 1,259,000,000 US dollars - **Net Income**: 4,998,000,000 US dollars - **UNITED STATES**: 23,974,000,000 US dollars - **CANADA**: 3,735,000,000 US dollars - **Western Europe**: 6,550,000,000 US dollars - **Central Europe and CIS**: 1,575,000,000 US dollars - **Latin America**: 5,607,000,000 US dollars - **Asia, Africa, Oceania, and Middle East**: 4,243,000,000 US dollars - **Cost of sales**: 28,159,000,000 US dollars - **Research and development expenses**: 2,311,000,000 US dollars - **Selling, administrative and general expenses**: 4,663,000,000 US dollars - **Interest expense**: 3,170,000,000 US dollars - **Other operating expenses**: 1,124,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. - Of which attributable to DEERE & CO: $5.03 B; to noncontrolling interests: −$29.00 M. ## Chart details: Revenue by Timing of Transfer - Page: https://plicit.ai/financials/de/fy2025-annual-income-statement/revenue-by-timing-of-transfer - Chart image: https://plicit.ai/charts/de-fy2025-annual-revenue-by-timing-of-transfer-sankey.png Income statement for 2024-10-28 through 2025-11-02. View: Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 45,684,000,000 US dollars - **Cost of revenue (calculated)**: 28,159,000,000 US dollars - **Gross profit (calculated)**: 17,525,000,000 US dollars - **Operating expenses (calculated)**: 11,268,000,000 US dollars - **Operating profit (calculated)**: 6,257,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 6,257,000,000 US dollars - **Provision for income taxes**: 1,259,000,000 US dollars - **Net Income**: 4,998,000,000 US dollars - **Revenue Recognized at a Point in Time**: 39,193,000,000 US dollars - **Revenue Recognized Over Time**: 6,491,000,000 US dollars - **Cost of sales**: 28,159,000,000 US dollars - **Research and development expenses**: 2,311,000,000 US dollars - **Selling, administrative and general expenses**: 4,663,000,000 US dollars - **Interest expense**: 3,170,000,000 US dollars - **Other operating expenses**: 1,124,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. - Of which attributable to DEERE & CO: $5.03 B; to noncontrolling interests: −$29.00 M. ## Chart details: Revenue by Product and Service (4 categories) - Page: https://plicit.ai/financials/de/fy2025-annual-income-statement/revenue-by-product-and-service-4-categories - Chart image: https://plicit.ai/charts/de-fy2025-annual-revenue-by-product-and-service-4-categories-sankey.png Income statement for 2024-10-28 through 2025-11-02. View: Product and service (4 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 45,684,000,000 US dollars - **Cost of revenue (calculated)**: 28,159,000,000 US dollars - **Gross profit (calculated)**: 17,525,000,000 US dollars - **Operating expenses (calculated)**: 11,268,000,000 US dollars - **Operating profit (calculated)**: 6,257,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 6,257,000,000 US dollars - **Provision for income taxes**: 1,259,000,000 US dollars - **Net Income**: 4,998,000,000 US dollars - **Net Sales**: 38,917,000,000 US dollars - **Finance and Interest Income**: 5,451,000,000 US dollars - **Other Income**: 1,006,000,000 US dollars - **Cost of sales**: 28,159,000,000 US dollars - **Research and development expenses**: 2,311,000,000 US dollars - **Selling, administrative and general expenses**: 4,663,000,000 US dollars - **Interest expense**: 3,170,000,000 US dollars - **Other operating expenses**: 1,124,000,000 US dollars - **Revenue before reconciliation (calculated)**: 45,374,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation. - **Other Income**: 310,000,000 US dollars. Reported reconciliation to consolidated revenue. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. - Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue. - Of which attributable to DEERE & CO: $5.03 B; to noncontrolling interests: −$29.00 M. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/de/fy2025-annual-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/de-fy2025-annual-revenue-by-business-segment-sankey.png Income statement for 2024-10-28 through 2025-11-02. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 45,684,000,000 US dollars - **Cost of revenue (calculated)**: 28,159,000,000 US dollars - **Gross profit (calculated)**: 17,525,000,000 US dollars - **Operating expenses (calculated)**: 11,268,000,000 US dollars - **Operating profit (calculated)**: 6,257,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 6,257,000,000 US dollars - **Provision for income taxes**: 1,259,000,000 US dollars - **Net Income**: 4,998,000,000 US dollars - **Production & Precision Agriculture (PPA)**: 17,749,000,000 US dollars - **Small Agriculture & Turf (SAT)**: 10,464,000,000 US dollars - **Construction & Forestry (CF)**: 11,650,000,000 US dollars - **Undisclosed (calculated)**: 5,821,000,000 US dollars - **Cost of sales**: 28,159,000,000 US dollars - **Research and development expenses**: 2,311,000,000 US dollars - **Selling, administrative and general expenses**: 4,663,000,000 US dollars - **Interest expense**: 3,170,000,000 US dollars - **Other operating expenses**: 1,124,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. - Of which attributable to DEERE & CO: $5.03 B; to noncontrolling interests: −$29.00 M. ## Chart details: Revenue by Business Segment by Timing of Transfer - Page: https://plicit.ai/financials/de/fy2025-annual-income-statement/revenue-by-business-segment-by-timing-of-transfer - Chart image: https://plicit.ai/charts/de-fy2025-annual-revenue-by-business-segment-by-timing-of-transfer-sankey.png Income statement for 2024-10-28 through 2025-11-02. View: Segments by Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 45,684,000,000 US dollars - **Cost of revenue (calculated)**: 28,159,000,000 US dollars - **Gross profit (calculated)**: 17,525,000,000 US dollars - **Operating expenses (calculated)**: 11,268,000,000 US dollars - **Operating profit (calculated)**: 6,257,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 6,257,000,000 US dollars - **Provision for income taxes**: 1,259,000,000 US dollars - **Net Income**: 4,998,000,000 US dollars - **Financial Services (FS)**: 6,289,000,000 US dollars - **Construction & Forestry (CF) - Revenue Recognized at a Point in Time**: 11,494,000,000 US dollars - **Construction & Forestry (CF) - Revenue Recognized Over Time**: 156,000,000 US dollars - **Production & Precision Agriculture (PPA) - Revenue Recognized at a Point in Time**: 17,311,000,000 US dollars - **Production & Precision Agriculture (PPA) - Revenue Recognized Over Time**: 438,000,000 US dollars - **Small Agriculture & Turf (SAT) - Revenue Recognized at a Point in Time**: 10,249,000,000 US dollars - **Small Agriculture & Turf (SAT) - Revenue Recognized Over Time**: 215,000,000 US dollars - **Cost of sales**: 28,159,000,000 US dollars - **Research and development expenses**: 2,311,000,000 US dollars - **Selling, administrative and general expenses**: 4,663,000,000 US dollars - **Interest expense**: 3,170,000,000 US dollars - **Other operating expenses**: 1,124,000,000 US dollars - **Revenue before reconciliation (calculated)**: 46,152,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation. - **Components above reported revenue (calculated)**: negative 468,000,000 US dollars. The disclosed components add up to more than reported revenue; this is the difference, calculated, not a reported item. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. - Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue. - Of which attributable to DEERE & CO: $5.03 B; to noncontrolling interests: −$29.00 M. ## Chart details: Revenue by Business Segment by Product and Service - Page: https://plicit.ai/financials/de/fy2025-annual-income-statement/revenue-by-business-segment-by-product-and-service - Chart image: https://plicit.ai/charts/de-fy2025-annual-revenue-by-business-segment-by-product-and-service-sankey.png Income statement for 2024-10-28 through 2025-11-02. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 45,684,000,000 US dollars - **Cost of revenue (calculated)**: 28,159,000,000 US dollars - **Gross profit (calculated)**: 17,525,000,000 US dollars - **Operating expenses (calculated)**: 11,268,000,000 US dollars - **Operating profit (calculated)**: 6,257,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 6,257,000,000 US dollars - **Provision for income taxes**: 1,259,000,000 US dollars - **Net Income**: 4,998,000,000 US dollars - **Financial Services (FS)**: 6,289,000,000 US dollars - **Construction & Forestry (CF) - Compact Construction**: 1,922,000,000 US dollars - **Construction & Forestry (CF) - Construction**: 4,570,000,000 US dollars - **Construction & Forestry (CF) - Forestry**: 1,124,000,000 US dollars - **Construction & Forestry (CF) - Roadbuilding**: 3,552,000,000 US dollars - **Production & Precision Agriculture (PPA) - Production Agriculture**: 16,960,000,000 US dollars - **Small Agriculture & Turf (SAT) - Small Agriculture**: 7,215,000,000 US dollars - **Small Agriculture & Turf (SAT) - Turf**: 2,731,000,000 US dollars - **Undisclosed (calculated)**: 1,321,000,000 US dollars - **Cost of sales**: 28,159,000,000 US dollars - **Research and development expenses**: 2,311,000,000 US dollars - **Selling, administrative and general expenses**: 4,663,000,000 US dollars - **Interest expense**: 3,170,000,000 US dollars - **Other operating expenses**: 1,124,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. - Of which attributable to DEERE & CO: $5.03 B; to noncontrolling interests: −$29.00 M. ## Chart details: Revenue by Product and Service (3 categories) - Page: https://plicit.ai/financials/de/fy2025-annual-income-statement/revenue-by-product-and-service-3-categories - Chart image: https://plicit.ai/charts/de-fy2025-annual-revenue-by-product-and-service-3-categories-sankey.png Income statement for 2024-10-28 through 2025-11-02. View: Product and service (3 categories). Revenue and costs use their disclosed categories. - **Net sales and revenues**: 45,684,000,000 US dollars - **Cost of revenue (calculated)**: 28,159,000,000 US dollars - **Gross profit (calculated)**: 17,525,000,000 US dollars - **Operating expenses (calculated)**: 11,268,000,000 US dollars - **Operating profit (calculated)**: 6,257,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 6,257,000,000 US dollars - **Provision for income taxes**: 1,259,000,000 US dollars - **Net Income**: 4,998,000,000 US dollars - **Net Sales revenue**: 38,917,000,000 US dollars - **Finance and Interest Income**: 5,748,000,000 US dollars - **Other Income**: 1,019,000,000 US dollars - **Net Sales cost of revenue**: 28,159,000,000 US dollars - **Research and development expenses**: 2,311,000,000 US dollars - **Selling, administrative and general expenses**: 4,663,000,000 US dollars - **Interest expense**: 3,170,000,000 US dollars - **Other operating expenses**: 1,124,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. - Of which attributable to DEERE & CO: $5.03 B; to noncontrolling interests: −$29.00 M. ## Chart details: Revenue by Business Segment by Geography - Page: https://plicit.ai/financials/de/fy2025-annual-income-statement/revenue-by-business-segment-by-geography - Chart image: https://plicit.ai/charts/de-fy2025-annual-revenue-by-business-segment-by-geography-sankey.png Income statement for 2024-10-28 through 2025-11-02. View: Segments by Geographical. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 45,684,000,000 US dollars - **Cost of revenue (calculated)**: 28,159,000,000 US dollars - **Gross profit (calculated)**: 17,525,000,000 US dollars - **Operating expenses (calculated)**: 11,268,000,000 US dollars - **Operating profit (calculated)**: 6,257,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 6,257,000,000 US dollars - **Provision for income taxes**: 1,259,000,000 US dollars - **Net Income**: 4,998,000,000 US dollars - **Financial Services (FS)**: 6,289,000,000 US dollars - **Construction & Forestry (CF) - CANADA**: 743,000,000 US dollars - **Construction & Forestry (CF) - UNITED STATES**: 6,489,000,000 US dollars - **Construction & Forestry (CF) - Asia, Africa, Oceania, and Middle East**: 1,154,000,000 US dollars - **Construction & Forestry (CF) - Central Europe and CIS**: 373,000,000 US dollars - **Construction & Forestry (CF) - Western Europe**: 1,955,000,000 US dollars - **Construction & Forestry (CF) - Latin America**: 936,000,000 US dollars - **Production & Precision Agriculture (PPA) - CANADA**: 1,735,000,000 US dollars - **Production & Precision Agriculture (PPA) - UNITED STATES**: 7,753,000,000 US dollars - **Production & Precision Agriculture (PPA) - Asia, Africa, Oceania, and Middle East**: 1,338,000,000 US dollars - **Production & Precision Agriculture (PPA) - Central Europe and CIS**: 832,000,000 US dollars - **Production & Precision Agriculture (PPA) - Western Europe**: 2,070,000,000 US dollars - **Production & Precision Agriculture (PPA) - Latin America**: 4,021,000,000 US dollars - **Small Agriculture & Turf (SAT) - CANADA**: 496,000,000 US dollars - **Small Agriculture & Turf (SAT) - UNITED STATES**: 5,282,000,000 US dollars - **Small Agriculture & Turf (SAT) - Asia, Africa, Oceania, and Middle East**: 1,534,000,000 US dollars - **Small Agriculture & Turf (SAT) - Central Europe and CIS**: 359,000,000 US dollars - **Small Agriculture & Turf (SAT) - Western Europe**: 2,340,000,000 US dollars - **Small Agriculture & Turf (SAT) - Latin America**: 453,000,000 US dollars - **Cost of sales**: 28,159,000,000 US dollars - **Research and development expenses**: 2,311,000,000 US dollars - **Selling, administrative and general expenses**: 4,663,000,000 US dollars - **Interest expense**: 3,170,000,000 US dollars - **Other operating expenses**: 1,124,000,000 US dollars - **Revenue before reconciliation (calculated)**: 46,152,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation. - **Components above reported revenue (calculated)**: negative 468,000,000 US dollars. The disclosed components add up to more than reported revenue; this is the difference, calculated, not a reported item. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. - Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue. - Of which attributable to DEERE & CO: $5.03 B; to noncontrolling interests: −$29.00 M.