Deere & Company (DE)
Net profit margin
| Oct 31, 2024 | Oct 27, 2024 | Oct 31, 2023 | Oct 29, 2023 | Oct 31, 2022 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 7,100,000 | 7,100,000 | 10,166,000 | 10,166,000 | 7,131,000 |
| Revenue | US$ in thousands | 50,518,000 | 51,716,000 | 60,248,000 | 61,251,000 | 51,282,000 |
| Net profit margin | 14.05% | 13.73% | 16.87% | 16.60% | 13.91% |
October 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $7,100,000K ÷ $50,518,000K
= 14.05%
The net profit margin of Deere & Company has shown fluctuations over the past few years. From October 2022 to October 2024, the net profit margin ranged from a low of 13.73% to a high of 16.87%. In October 2022, the net profit margin was reported at 13.91%, showing a slight increase to 16.60% by October 2023. There was a further improvement in October 2023 with the net profit margin reaching 16.87%. However, by October 2024, the net profit margin decreased slightly to 13.73%, and then recovered to 14.05% by the end of the period.
Overall, the net profit margin of Deere & Company indicates that the company has been able to generate a reasonable level of profit relative to its revenue during this period. The fluctuations in the net profit margin may reflect changes in various factors such as revenue growth, cost management, and economic conditions impacting the company's operations. It is essential for investors and stakeholders to monitor these trends to assess the company's financial performance and profitability sustainability.
Peer comparison
Oct 31, 2024