Deere & Company (DE)
Net profit margin
| Oct 27, 2024 | Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Nov 1, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 7,100,000 | 10,166,000 | 7,131,000 | 5,963,000 | 2,751,000 |
| Revenue | US$ in thousands | 51,716,000 | 61,251,000 | 52,577,000 | 44,024,000 | 35,540,000 |
| Net profit margin | 13.73% | 16.60% | 13.56% | 13.54% | 7.74% |
October 27, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $7,100,000K ÷ $51,716,000K
= 13.73%
The net profit margin of Deere & Company has exhibited fluctuations over the past five years. The net profit margin was 13.73% in 2024, a decrease from 16.60% in 2023. This decline suggests a potential decrease in the company's profitability or cost management efficiency. However, when compared to 2022 and 2021 where the net profit margins were 13.56% and 13.54% respectively, the 2024 margin remains relatively in line with prior years.
Notably, there has been a significant improvement in net profit margin compared to 2020, where it stood at 7.74%. This indicates a positive trend in the company's profitability and cost control measures over the past five years. It would be beneficial to further analyze the underlying factors impacting Deere & Company's net profit margin to identify specific drivers of these fluctuations.
Peer comparison
Oct 27, 2024