Deere & Company (DE)
Net profit margin
| Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 10,166,000 | 7,131,000 | 5,963,000 | 2,751,000 | 3,253,000 |
| Revenue | US$ in thousands | 61,251,000 | 52,577,000 | 44,024,000 | 35,540,000 | 39,258,000 |
| Net profit margin | 16.60% | 13.56% | 13.54% | 7.74% | 8.29% |
October 29, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $10,166,000K ÷ $61,251,000K
= 16.60%
The net profit margin of Deere & Co. has shown an improving trend over the past five years, with a significant increase from 7.74% in November 1, 2020, to 16.60% in October 29, 2023. This indicates that the company has become more efficient in converting sales into profits. The higher net profit margin is a positive indication of cost management, pricing strategies, and operational efficiency. It suggests that a larger portion of each dollar of revenue is translating into profits, which can be favorable for both investors and the company's long-term sustainability. However, further analysis of the company's operating and non-operating expenses is recommended to better understand the drivers behind this trend.
Peer comparison
Oct 29, 2023