Deere (DE) Operating Margin (2009 - 2026)
Deere's Operating Margin came in at 14.72% for fiscal Q3 2026 (quarter ended Aug 2, 2026), up 1.67 percentage points from 13.05% a year earlier but down 2.01 percentage points from the prior quarter.
Deere (DE) Operating Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Aug 2, 2026, Deere reported Operating Margin of 12.96%, down 0.81 percentage points year-over-year; for FY2025 (ended Nov 2, 2025), it was 13.18%, down 4.30 percentage points from FY2024.
- Operating Margin carries a five-year change of +1.06 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Operating Margin was 17.48% in FY2024 (-3.68 pp), 21.16% in FY2023 (+3.07 pp), 18.08% in FY2022 (-0.12 pp) and 18.20% in FY2021 (+6.09 pp).
- The five-year range for quarterly Operating Margin is 8.04% (fiscal Q1 2026) to 22.42% (fiscal Q2 2023).
- Year-over-year, Operating Margin increased in 1 of the last eight quarters, with an average year-over-year change of -3.13 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in fiscal Q1 2023 (a gain of 7.00 percentage points), and the weakest in fiscal Q1 2025 (a drop of 8.69 percentage points).
- Business Quant data shows DE's Operating Margin at 16.73% (Q2 2026), 8.04% (Q1 2026) and 10.90% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 351.61 Bn | 323.31 Bn | 7.76 Bn | 20.91% |
| 2 | Amphenol | 209.51 Bn | 204.09 Bn | 3.55 Bn | 29.51% |
| 3 | Deere | 173.81 Bn | 141.90 Bn | 4.66 Bn | 14.72% |
| 4 | Eaton | 165.22 Bn | 162.40 Bn | 2.86 Bn | 16.32% |
| 5 | Parker-Hannifin | 120.51 Bn | 118.63 Bn | 2.25 Bn | 23.86% |
| 6 | Emerson Electric | 90.72 Bn | 83.46 Bn | 2.66 Bn | 26.92% |
| 7 | Vertiv Holdings | 90.25 Bn | 80.87 Bn | 1.23 Bn | 19.48% |
| 8 | 3M | 83.92 Bn | 65.32 Bn | 2.68 Bn | 15.14% |
| 9 | Illinois Tool Works | 75.88 Bn | 72.44 Bn | 1.90 Bn | 26.67% |
| 10 | Cummins | 72.50 Bn | 68.57 Bn | 2.47 Bn | 13.52% |
Historic Data
| Date | Value |
|---|---|
| Aug 2, 2026 | 14.72% |
| May 3, 2026 | 16.73% |
| Feb 1, 2026 | 8.04% |
| Nov 2, 2025 | 10.90% |
| Jul 27, 2025 | 13.05% |
| Apr 27, 2025 | 18.08% |
| Jan 26, 2025 | 9.32% |
| Oct 27, 2024 | 13.01% |
| Jul 28, 2024 | 17.47% |
| Apr 28, 2024 | 20.33% |
| Jan 28, 2024 | 18.01% |
| Oct 29, 2023 | 19.63% |
| Jul 30, 2023 | 22.25% |
| Apr 30, 2023 | 22.42% |
| Jan 29, 2023 | 19.90% |
| Oct 30, 2022 | 19.03% |
| Jul 31, 2022 | 18.76% |
| May 1, 2022 | 19.97% |
| Jan 30, 2022 | 12.91% |
| Oct 31, 2021 | 14.94% |
Deere Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=DE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "DE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=DE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();