Deere (DE) Gross Margin (2009 - 2026)
Deere (DE) posted quarterly Gross Margin of 97.71% for Q2 2026, down 4.0% year-over-year from 101.78% in Q2 2025, and little changed quarter-over-quarter from 97.4% in Q1 2026.
Deere (DE) Gross Margin (2009 - 2026) Analysis & Trends
Deere's Gross Margin history runs 18 years deep, the most recent figure standing at 97.71% for Q2 2026.
- In Q2 2026, Gross Margin fell 4.0% year-over-year to 97.71%; the TTM figure through May 2026 stood at 99.28% (up 176.0% YoY), while the FY2025 annual figure was 99.3%, up 173.0% from the prior year.
- Gross Margin for Q2 2026 stood at 97.71%, roughly flat from 97.4% in the prior quarter.
- The five-year high for Gross Margin was 104.42% in Q4 2022, with the low at 96.75% in Q1 2022.
- The 5-year median for Gross Margin is 97.73% (2026), against an average of 98.67%.
- The sharpest annual moves came in 2022 and 2024: Gross Margin surged 6046 bps in 2022, then tumbled 723 bps in 2024.
- Deere's Gross Margin stood at 104.42% in 2022, then dropped by 0 bps to 104.3% in 2023, then declined by 7 bps to 97.07% in 2024, then grew by 7 bps to 104.01% in 2025, then decreased by 6 bps to 97.71% in 2026.
- Business Quant data shows DE's Gross Margin at 97.71% in Q2 2026, 97.4% in Q1 2026, and 104.01% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 388.67 Bn | 381.96 Bn | 7.76 Bn | 37.78% |
| 2 | Deere | 166.74 Bn | 158.83 Bn | 13.06 Bn | 97.71% |
| 3 | Paccar | 69.66 Bn | 60.99 Bn | 1.56 Bn | 20.64% |
| 4 | CNH Industrial | 13.23 Bn | 11.37 Bn | 1.41 Bn | 29.29% |
| 5 | Oshkosh | 9.74 Bn | 9.34 Bn | 480.30 Mn | 16.48% |
| 6 | Terex | 7.70 Bn | 7.29 Bn | 444.00 Mn | 19.84% |
| 7 | Agco | 7.22 Bn | 6.64 Bn | 645.90 Mn | 24.75% |
| 8 | Blue Bird | 2.28 Bn | 2.16 Bn | 103.37 Mn | 19.99% |
| 9 | Alamo | 2.06 Bn | 1.87 Bn | 110.86 Mn | 24.59% |
| 10 | Lindsay | 1.19 Bn | 1.04 Bn | 47.83 Mn | 30.49% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 3, 2026 | 97.71% |
| Feb 1, 2026 | 97.40% |
| Nov 2, 2025 | 104.01% |
| Jul 27, 2025 | 97.66% |
| Apr 27, 2025 | 97.75% |
| Jan 26, 2025 | 97.07% |
| Oct 27, 2024 | 97.07% |
| Jul 28, 2024 | 97.99% |
| Apr 28, 2024 | 98.06% |
| Jan 28, 2024 | 96.97% |
| Oct 29, 2023 | 104.30% |
| Jul 30, 2023 | 98.04% |
| Apr 30, 2023 | 97.91% |
| Jan 29, 2023 | 97.64% |
| Oct 30, 2022 | 104.42% |
| Jul 31, 2022 | 97.76% |
| May 1, 2022 | 97.55% |
| Jan 30, 2022 | 96.75% |
| Oct 31, 2021 | 97.26% |
| Aug 1, 2021 | 97.19% |