Deere & Company (DE)
Pretax margin
| 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 | Nov 3, 2019 | Jul 28, 2019 | Apr 28, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 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 | 4,105,000 | 4,268,000 | 4,347,000 |
| Revenue (ttm) | US$ in thousands | 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 | 39,258,000 | 38,778,000 | 39,051,000 |
| Pretax margin | 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% | 10.46% | 11.01% | 11.13% |
January 28, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $12,761,000K ÷ $60,785,000K
= 20.99%
The pretax margin of Deere & Co. has been showing a generally positive trend over the past few quarters. It increased from 16.34% in Q2 2022 to 20.97% in Q1 2024, indicating an improvement in the company's ability to generate profits before accounting for taxes. This upward trend suggests that Deere & Co. has been effectively managing its costs and expenses relative to its revenue. The consistent growth in pretax margin reflects a strengthening financial performance, which could be attributed to efficiency improvements, pricing strategies, or effective cost control measures implemented by the company. The positive trajectory of the pretax margin is a favorable indicator of Deere & Co.'s profitability and financial health.
Peer comparison
Jan 28, 2024