Deere & Company (DE)
Pretax margin
| Oct 27, 2024 | Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Nov 1, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 9,194,000 | 13,037,000 | 9,138,000 | 7,621,000 | 3,833,000 |
| Revenue | US$ in thousands | 51,716,000 | 61,251,000 | 52,577,000 | 44,024,000 | 35,540,000 |
| Pretax margin | 17.78% | 21.28% | 17.38% | 17.31% | 10.79% |
October 27, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $9,194,000K ÷ $51,716,000K
= 17.78%
The pretax margin of Deere & Company has shown some fluctuation over the past five years. In the most recent fiscal year ending on October 27, 2024, the pretax margin was 17.78%, which represents a decrease compared to the prior fiscal year where it stood at 21.28%. Despite this decrease, the pretax margin in 2024 remains higher than in fiscal years 2022 and 2021 when it was 17.38% and 17.31%, respectively.
Notably, there has been a noticeable improvement in the pretax margin since November 1, 2020, when it was 10.79%, indicating a positive trend in the company's profitability before accounting for taxes. While the latest pretax margin has decreased compared to the prior year, it is important to analyze the company's overall financial performance and consider other accompanying financial ratios to assess Deere & Company's profitability and operational efficiency comprehensively.
Peer comparison
Oct 27, 2024