DE Deere margins

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Relative Growth: Rel. Growth: 40
Relative Strength: Rel. Strength: 83
Relative Valuation: Rel. Valuation: 28
Relative Profitability: Rel. Profitability: 59
Gross margin
36.6%
Operating margin
19.5%
EBITDA margin
24.4%
Net margin
10.2%

The Deere shows a gross margin of 36.6%, an operating margin of 19.5%, an EBITDA margin of 24.4%, and a net margin of 10.2%. Gross margin drove the decline across the available margins, decreasing by 3.1 percentage points.

DE margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Deere's margins averaged 38.93% gross, 22.75% operating, 27.07% EBITDA, and 13.01% net. Each of the four current margins is below its three-year average.

DE margin expansion

Year-over-year margin changes in percentage points

The strongest decline was in gross margin, which fell by 3.1 percentage points. The other available margins also declined.

Gross margin expansion
-3.1pp
Operating margin expansion
-2.2pp
EBITDA margin expansion
-2.2pp
Net margin expansion
-1.5pp

DE Gross margin

Over the last 3 years, Deere had an average gross margin of 38.93%. Against its three-year average, Deere's gross margin is currently 36.6%, 2.3 percentage points below its three-year average. Looking back over the last 3 years, Deere's gross margin reached 40.6% at its highest point in Apr 2025 and 36.6% at its lowest in May 2026.

DE Operating margin

Across the last 3 years, Deere had an average operating margin of 22.75%. Against its three-year average, Deere's operating margin is currently 19.5%, 3.3 percentage points below its three-year average. Looking back over the last 3 years, Deere's operating margin reached 25.7% at its highest point in Apr 2024 and 19.3% at its lowest in May 2026.

DE EBITDA margin

Across the last 3 years, Deere recorded an average EBITDA margin of 27.07%. The current EBITDA margin stands at 24.4%, 2.7 percentage points below its three-year average. The highest EBITDA margin for Deere was 29.2% in Apr 2024, while the lowest was 24.2% in May 2026.

DE Net margin

Deere recorded an average net margin of 13.01% across the last 3 years. Compared with its three-year average, Deere's current net margin is 10.2% and is 2.8 percentage points below its three-year average. Over the last 3 years, Deere's net margin peaked at 16.6% in Oct 2023 and reached a low of 10.1% in May 2026.

DE margin group comparison

Margins compared with peer-group, industry and sector averages

Deere's gross margin of 36.6% is above the Industrials sector, the industry and its peers average. Compared to its Industrials sector average of 32.7%, Deere's gross margin is 12% higher.

DE margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Deere's gross margin?

The current gross margin for DE is 36.6% as of Aug 2, 2026.

What is Deere's operating margin?

For the period ending Aug 2, 2026, DE recorded an operating margin of 19.5%.

What is Deere's EBITDA margin?

As of Aug 2, 2026, DE has an EBITDA margin of 24.4%.

What is Deere's net margin?

For the period ending Aug 2, 2026, DE recorded a net margin of 10.2%.

What are the average margins of DE?

Deere's average margins over the last 3 years were 38.9% gross, 22.8% operating, 27.1% EBITDA, and 13.0% net.

What are the highest historical margins of DE?

Across the 5-year period, DE posted its highest margins at 40.6% gross in Apr 2025, 25.7% operating in Apr 2024, 29.2% EBITDA in Apr 2024, and 16.6% net in Oct 2023.

What are the lowest historical margins of DE?

Deere's lowest recorded margins during the past 5 years were 31.9% gross in Jul 2022, 18.1% operating in Jul 2022, 22.1% EBITDA in Jul 2022, and 10.1% net in May 2026.