Deere & Company (DE)

Net profit margin

Jan 28, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Nov 1, 2020 Aug 2, 2020 May 3, 2020 Feb 2, 2020 Nov 3, 2019 Jul 28, 2019 Apr 28, 2019
Net income (ttm) US$ in thousands 9,958,000 10,166,000 10,043,000 8,949,000 8,187,000 7,131,000 6,168,000 5,951,000 5,643,000 5,964,000 5,438,000 4,582,000 3,458,000 2,751,000 2,715,000 2,803,000 3,272,000 3,253,000 3,317,000 3,328,000
Revenue (ttm) US$ in thousands 60,785,000 61,252,000 61,376,000 59,677,000 55,660,000 52,577,000 48,368,000 45,793,000 44,481,000 44,024,000 42,428,000 39,826,000 37,021,000 35,540,000 35,705,000 36,816,000 38,905,000 39,258,000 38,778,000 39,051,000
Net profit margin 16.38% 16.60% 16.36% 15.00% 14.71% 13.56% 12.75% 13.00% 12.69% 13.55% 12.82% 11.51% 9.34% 7.74% 7.60% 7.61% 8.41% 8.29% 8.55% 8.52%

January 28, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $9,958,000K ÷ $60,785,000K
= 16.38%

The net profit margin of Deere & Co. has shown a positive trend over the past few quarters, with an improvement from 12.99% in Q2 2022 to 16.38% in Q1 2024. This indicates that the company's profitability has been increasing, reflecting a more efficient management of expenses relative to its revenue. The consistent growth in net profit margin suggests that Deere & Co. has been effectively controlling costs and optimizing its operations. This trend may be indicative of strong financial performance and operational efficiency within the company.


Peer comparison

Jan 28, 2024

Company name
Symbol
Net profit margin
Deere & Company
DE
16.38%
AGCO Corporation
AGCO
8.13%
Alamo Group Inc
ALG
8.06%
Lindsay Corporation
LNN
10.91%