Deere & Company (NYSE:DE) is a global leader in manufacturing agricultural and construction machinery. The company operates through segments including production agriculture, small agriculture and turf, and construction and forestry. It provides advanced products and services for customers whose work is linked to the land, competing with other major players like CNH Industrial and AGCO in the agricultural and heavy equipment market.
On May 21, 2026, Deere & Company announced its second-quarter earnings. The company reported an earnings per share (EPS) of $6.55, which successfully beat the consensus analyst estimate of $5.70. This translates to a net income of $1.77 billion for the quarter, as highlighted by PR Newswire, a slight decrease from the prior year's $1.80 billion.
Deere & Company also posted strong revenue of $11.78 billion for the quarter. This figure surpassed the analyst expectation of $11.55 billion and represents an increase from the $11.17 billion reported in the same quarter a year ago. As highlighted by the WSJ, this impressive financial performance was driven by growth in its construction equipment business.
Looking at its valuation, Deere & Company has a trailing price-to-earnings (P/E) ratio of 29.37. The P/E ratio is a key metric that helps investors gauge if a stock is over or undervalued by comparing its share price to its earnings. The company's price-to-sales ratio, which compares stock price to revenue, is 3.07, offering further insights into its market valuation.
In terms of financial stability, Deere & Company maintains a debt-to-equity ratio of 0.57. This crucial ratio measures a company's use of debt to finance its assets, with a figure below 1.0 often seen as favorable for long-term financial health. Furthermore, its current ratio of 1.77 indicates it has $1.77 in short-term assets for every dollar of short-term liabilities, showcasing robust liquidity.
