Deere Reports Q4 Earnings

Deere & Company reported net income of $1.065 billion for the fourth quarter ended November 2, 2025, or $3.93 per share, compared with net income of $1.245 billion, or $4.55 per share, for the quarter ended October 27, 2024. For fiscal year 2025, net income attributable to Deere & Company was $5.027 billion, compared with $7.100 billion in fiscal 2024.

The company reported its net sales for its Small Ag & Turf segment of $2.46 billion for the fourth quarter, up 7% vs. the same period last year. The segment’s operating profit, however, was down 89% to $25 million vs. $234 million during the Q4 2024. For the full year 2025, the Small Ag & Turf segment reported net sales and revenues of $10.22 billion, down 7% compared to $11.0 billion in 2024.

Deere’s outlook for fiscal year 2026 is for the Small Ag & Turf segment to be up about 10%, compared to its Production & Precision Ag segment which is expected to be down 5-10% in 2026.

Worldwide net sales and revenues increased 11%, to $12.394 billion, for the fourth quarter of 2025 and decreased 12%, to $45.684 billion, for the full year. Net sales were $10.579 billion for the quarter and $38.917 billion for the year, compared with $9.275 billion and $44.759 billion in fiscal 2024, respectively.

“This past year brought its share of challenges and uncertainty, but thanks to the structural improvements we’ve made and the diverse customer segments and geographies we serve, we were able to achieve our best results yet for this point in the cycle,” said John May, chairman and CEO of John Deere. “Our continued commitment to delivering customer value and focusing on operational efficiency enabled us to remain resilient and demonstrate the strength of our business.”

Source: RuralLifestyleDealer.com