DEERE & CO (DE) closed fiscal year 2025 with a gross margin of 35.7 % and a net margin of 11.0 %.
DEERE & CO (DE) closed fiscal year 2025 with a gross margin of 35.7 % and a net margin of 11.0 %. The same year shows an EBITDA margin of 25.5 % and an EBIT margin of 20.6 %. The free cash flow margin was 13.4 %. Against the previous year the gross margin moved −2.0 pp and the net margin −2.7 pp. Across the period the gross margin ranges between 29.0 % in 2015 and 37.7 % in 2024. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: November
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 32.51 % | 31.17 % | 29.67 % | 33.09 % | 30.57 % | 29.82 % | 31.17 % | 29.99 % | 29.02 % | 30.19 % | 31.78 % | — | — | — | — | 29.92 % | 36.42 % | 37.70 % | 35.67 % |
| EBITDA margin (%) | — | 14.95 % | 10.73 % | 16.62 % | 17.11 % | 16.91 % | 18.70 % | 18.09 % | 15.67 % | 15.65 % | 17.79 % | 17.14 % | 16.39 % | 18.07 % | 22.86 % | 21.69 % | 24.43 % | 21.57 % | 25.51 % |
| EBIT margin (%) | — | 12.03 % | 6.95 % | 13.11 % | 14.26 % | 14.13 % | 15.68 % | 14.47 % | 10.88 % | 9.79 % | 12.02 % | 11.98 % | 11.25 % | 12.11 % | 18.20 % | 18.08 % | 21.16 % | 17.48 % | 20.64 % |
| Net margin (%) | 7.56 % | 7.22 % | 3.78 % | 7.17 % | 8.75 % | 8.48 % | 9.36 % | 8.77 % | 6.72 % | 5.72 % | 7.26 % | 6.34 % | 8.29 % | 7.74 % | 13.54 % | 13.56 % | 16.60 % | 13.73 % | 11.00 % |
| FCF margin (%) | 7.21 % | 2.94 % | 4.66 % | 5.85 % | 3.97 % | -0.42 % | 5.55 % | 6.87 % | 10.62 % | 11.73 % | 5.38 % | 2.48 % | 5.84 % | 18.75 % | 15.62 % | 6.78 % | 11.58 % | 14.68 % | 13.35 % |
