Deere & Company (DE)
Pretax margin
| Oct 31, 2024 | Oct 27, 2024 | Oct 31, 2023 | Oct 29, 2023 | Oct 31, 2022 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 9,206,000 | 9,194,000 | 13,019,000 | 13,037,000 | 9,127,000 |
| Revenue | US$ in thousands | 50,518,000 | 51,716,000 | 60,248,000 | 61,251,000 | 51,282,000 |
| Pretax margin | 18.22% | 17.78% | 21.61% | 21.28% | 17.80% |
October 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $9,206,000K ÷ $50,518,000K
= 18.22%
Deere & Company's pretax margin has shown fluctuations over the years. In October 2022, the pretax margin stood at 17.80%, indicating that for every dollar of revenue generated, the company retained 17.80 cents before accounting for income taxes. There was a notable improvement in pretax margin by October 2023, reaching 21.28%, signifying better efficiency in managing costs and generating profits.
The trend continued in October 2023, with the pretax margin further increasing to 21.61%, demonstrating sustained profitability and operational effectiveness. However, by October 2024, the pretax margin decreased to 17.78%, showcasing potential challenges or increased costs that impacted the company's profitability.
Despite the slight decrease, there was a subsequent improvement in the pretax margin by October 2024, rising to 18.22%. Overall, Deere & Company's pretax margin has shown variability, with periods of growth and slight fluctuations, highlighting the importance of closely monitoring cost management and operational efficiency to maintain and enhance profitability levels.
Peer comparison
Oct 31, 2024