Business Description

Deere & Company is a distributor and manufacturer of construction, forestry, and turf care equipment. John Deere dealers in new and used agriculture, turf construction, and forest equipment finance sales and leases through the Financial Services segment. John Deere founded the company in 1837. It is headquartered in Moline, IL.

Key Financials

Revenue (US$ Mn):

• US$ 44,024 Mn was the annual revenue generated by Deere & Company in 2021
• Deere & Company’s annual revenue for 2020 was US$ 35,259 Mn, a -9.46% decrease from 2019
• From 2018’s yearly revenues, Deere & Company registered a 5.19% increase in 2019, amounting to US$ 38,941 Mn
• Total revenue of US$ 37,021 Mn was generated in 2018 by Deere & Company

Operating Income (US$ Mn):

• Deere & Company’s operating income for 2021 was US$ 7,602 Mn, a 97.1% increase from 2020
• The operating income generated by Deere & Company in 2020 was US$ 3,857 Mn
• At a 0.17% increase from , Deere & Company’s operating income of US$ 4,063 Mn was indexed in 2019
• Deere & Company generated an operating income of US$ 4,056 Mn in 2018

Net Income (US$ Mn):

• US$ 5,963 Mn was the net income generated by Deere & Company in 2021
• Deere & Company’s net income for 2020 was US$ 2,751 Mn, a -15.43% decrease from 2019
• From 2018’s net incomes, Deere & Company registered a 37.37% increase in 2019, amounting to US$ 3,253 Mn
• A net income of US$ 2,368 Mn was generated in 2018 by Deere & Company

Operating Margin %:

• Deere & Company’s operating margin for 2021 was 17%, a 57.8% increase from 2020
• The operating margin generated by Deere & Company in 2020 was 11%
• At a -5.45% decrease from , Deere & Company’s operating margin of 10% was indexed in 2019
• Deere & Company generated an operating margin of 11% in 2018

Gross Margin %:

• 34% was the gross margin generated by Deere & Company in 2021
• Deere & Company’s gross margin for 2020 was 29%, a 7.46% increase from 2019
• From 2018’s gross margins, Deere & Company registered a -1.11% decrease in 2019, amounting to 27%
• A gross margin of 27% was generated in 2018 by Deere & Company

SWOT Analysis

Strengths

Strong Operating Performance

The company’s ability provides sufficient returns to shareholders increases when it is more profitable. During the same time, the company’s profitability increased. The company’s operating margin in FY2019 was 14%, as compared to 13.7% in FY2018. An increase in operating performance is a sign of cost management. The company had a net profit margin of 8.3% in FY2019, as opposed to 6.3% in FY2018.

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