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
10.74%