Deere & Company (DE)
Operating profit margin
| Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 9,335,000 | 33,508,000 | 27,341,000 | 19,476,000 | 12,958,000 | 12,888,000 | 12,018,000 | 10,790,000 | 9,507,000 | 8,243,000 | 7,840,000 | 7,609,000 | 8,012,000 | 7,624,000 | 6,771,000 | 5,297,000 | 4,304,000 | 3,917,000 | 3,721,000 | 4,292,000 |
| Revenue (ttm) | US$ in thousands | 51,716,000 | 55,984,000 | 58,633,000 | 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 |
| Operating profit margin | 18.05% | 59.85% | 46.63% | 32.04% | 21.16% | 21.00% | 20.14% | 19.39% | 18.08% | 17.04% | 17.12% | 17.11% | 18.20% | 17.97% | 17.00% | 14.31% | 12.11% | 10.97% | 10.11% | 11.03% |
October 27, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $9,335,000K ÷ $51,716,000K
= 18.05%
The operating profit margin of Deere & Company has shown fluctuations over the past several quarters. Most recently, as of October 27, 2024, the operating profit margin was 18.05%, which represents a significant decline from the previous quarter's exceptionally high margin of 59.85% on July 28, 2024. Despite this drop, the current margin remains above historical averages.
Looking further back, the trend indicates an overall improvement in operating profit margins over time. The company experienced a notable increase in margins from May 3, 2020, to Jan 31, 2021, after which there was a steady climb until the most recent quarter's decline.
It is essential to delve deeper into the underlying reasons for the fluctuations in the operating profit margin to assess the company's operational efficiency, cost management, pricing strategies, and overall financial performance. Further analysis and comparison with industry benchmarks would help provide a comprehensive understanding of Deere & Company's financial health and profitability.
Peer comparison
Oct 27, 2024