Deere & Company (DE)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 9,194,000 | 10,776,000 | 12,031,000 | 12,761,000 | 13,037,000 | 12,850,000 | 11,774,000 | 10,482,000 | 9,139,000 | 7,863,000 | 7,483,000 | 7,244,000 | 7,623,000 | 7,097,000 | 6,207,000 | 4,798,000 | 3,833,000 | 3,571,000 | 3,423,000 | 3,990,000 |
| 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 |
| Pretax margin | 17.78% | 19.25% | 20.52% | 20.99% | 21.28% | 20.94% | 19.73% | 18.83% | 17.38% | 16.26% | 16.34% | 16.29% | 17.32% | 16.73% | 15.59% | 12.96% | 10.79% | 10.00% | 9.30% | 10.26% |
October 27, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $9,194,000K ÷ $51,716,000K
= 17.78%
The pretax margin of Deere & Company has shown some fluctuation over the past few quarters. The company's pretax margin was relatively stable around the 16-17% range from January 2022 to January 2023. There was a notable increase in pretax margin from January 2023 to April 2024, reaching a peak of 20.99%. However, there was a slight decline in the pretax margin in the most recent quarter to 17.78%.
Overall, the trend indicates that Deere & Company has been able to maintain a healthy level of profitability before taxes, with pretax margins consistently above 10% over the past few years. It is important to monitor future quarters to see if the company can sustain or improve upon its profitability levels.
Peer comparison
Oct 27, 2024