Deere & Company (DE)
Pretax margin
| Jan 31, 2025 | Oct 31, 2024 | Oct 27, 2024 | Jul 31, 2024 | Jul 28, 2024 | Apr 30, 2024 | Apr 28, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 6,263,000 | 7,727,000 | 9,325,000 | 10,952,000 | 10,812,000 | 10,673,000 | 10,629,000 | 10,584,000 | 11,975,000 | 13,369,000 | 14,144,000 | 13,561,000 | 12,451,000 | 11,722,000 | 10,763,000 | 10,809,000 | 10,872,000 | 10,539,000 | 8,801,000 | 7,415,000 |
| Revenue (ttm) | US$ in thousands | 43,081,000 | 47,971,000 | 52,141,000 | 56,232,000 | 55,230,000 | 54,263,000 | 54,423,000 | 54,600,000 | 58,291,000 | 61,907,000 | 63,908,000 | 60,892,000 | 58,007,000 | 57,482,000 | 55,860,000 | 57,310,000 | 58,028,000 | 55,582,000 | 49,377,000 | 45,100,000 |
| Pretax margin | 14.54% | 16.11% | 17.88% | 19.48% | 19.58% | 19.67% | 19.53% | 19.38% | 20.54% | 21.60% | 22.13% | 22.27% | 21.46% | 20.39% | 19.27% | 18.86% | 18.74% | 18.96% | 17.82% | 16.44% |
January 31, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $6,263,000K ÷ $43,081,000K
= 14.54%
Deere & Company has shown fluctuations in its pretax margin over the given time period. The pretax margin, which reflects the company's profitability before taxes, has ranged from a low of 14.54% on January 31, 2025, to a high of 22.27% on July 31, 2023.
The trend in pretax margin shows an overall increase from May 1, 2022, to July 31, 2023, indicating improved profitability during that period. However, there was a slight decline in the pretax margin in the following quarters, with a notable drop on January 31, 2025.
It is essential for investors and analysts to closely monitor the pretax margin as it provides insights into the company's ability to generate profits from its operations before accounting for taxes. The fluctuations in the pretax margin suggest that Deere & Company's profitability may be influenced by various internal and external factors that impact its financial performance.
Peer comparison
Jan 31, 2025