Deere & Company (DE)
Operating profit margin
| Oct 31, 2024 | Oct 27, 2024 | Oct 31, 2023 | Oct 29, 2023 | Oct 31, 2022 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 11,427,000 | 9,039,000 | 14,591,000 | 12,958,000 | 9,026,000 |
| Revenue | US$ in thousands | 50,518,000 | 51,716,000 | 60,248,000 | 61,251,000 | 51,282,000 |
| Operating profit margin | 22.62% | 17.48% | 24.22% | 21.16% | 17.60% |
October 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $11,427,000K ÷ $50,518,000K
= 22.62%
Deere & Company's operating profit margin has shown fluctuations over the past few years. As of October 31, 2022, the operating profit margin stood at 17.60%. This metric improved significantly to 21.16% by October 29, 2023, indicating enhanced operational efficiency and profitability. By October 31, 2023, the operating profit margin further increased to 24.22%, showcasing the company's ability to generate more profit per dollar of sales.
However, there was a slight decline in the operating profit margin to 17.48% by October 27, 2024, which could be attributed to various factors such as changes in costs or revenues. Subsequently, the margin rebounded to 22.62% by October 31, 2024, signifying a recovery in profitability.
Overall, Deere & Company has demonstrated resilience in maintaining a relatively healthy operating profit margin, with fluctuations possibly reflecting the company's adaptability to changing market conditions and its operational effectiveness.
Peer comparison
Oct 31, 2024