Credit and interest ratesnegative · 6 filings
“Interest expense decreased as a result of lower average borrowing rates and lower average borrowings.”10-Q · Aug 27, 2026 ↗
Deere & Company
DE
Market read
Deere & Company's current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 32 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 23 directly disclosed connections are confirming.
Company+0.1% todayVolume comparison unavailable
Market group0 of 32 activeIndustrial Equipment · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Lower shipment volumes and sales mix reduced operating profit during the nine-month period, partially offset by price realization and foreign exchange.
- Favorable price realization partly offset lower shipments and higher material costs in the latest reported period.
Invalidation: The isolated read changes if DE's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 32 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 23 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- Lower shipment volumes and sales mix reduced operating profit during the nine-month period, partially offset by price realization and foreign exchange.
- Favorable price realization partly offset lower shipments and higher material costs in the latest reported period.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations601
Usable filing statements175
Verified relationships19
Evidence supporting the case
- Operating cash flow covered net income at 1.48x in the latest annual period.
Evidence challenging the case
- Latest annual revenue changed -11.7% year over year.
- Net margin changed -2.7 percentage points in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 6 filings.
- Foreign exchange has repeated adverse evidence across 3 filings.
Questions before a position
- P/E is 60% above the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 268% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 10, 2026
678.076m+14.1%12m+42.6%24m+76.7%
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-10-31$44.0B+23.9%$18.99-0.8%
2022-10-30$52.6B+19.4%$23.28-2.5%
2023-10-29$61.3B+16.5%$34.63-4.1%
2024-10-27$51.7B-15.6%$25.62-5.6%
2025-11-02$45.7B-11.7%$18.50-1.9%
What management says matters
Persistent and emerging business drivers
Demand and volumemixed · 6 filings
“The decrease for both periods was due to lower agriculture and turf retail customer receivables reflecting reduced demand in recent years and lower wholesale receivables.”10-Q · Aug 27, 2026 ↗
Tariffs and trade policymixed · 6 filings
“The favorable tariff impact for the quarter was due to recognition of recoveries (see Global Trade Policies section in Additional Trends).”10-Q · Aug 27, 2026 ↗
Foreign exchangenegative · 3 filings
“Operating profit decreased primarily due to lower shipment volumes / sales mix and higher production costs from an increase in material costs, partially offset by favorable price realization and the effects of foreign currency exchange.”10-Q · Aug 27, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 4.0× · EV/sales 3.9×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
678.07+0.1% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for DE. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for DE. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind DE
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
ROADConstruction Partners, Inc.customerDec 18, 2025 ▾
“5 Table of Contents Construction & Forestry Our CF segment is committed to meeting the need for smart and more sustainable solutions to help our customers meet industry challenges, including jobsite safety, a shortage of skilled labor, volatile input costs, r…”
HDThe Home Depot, Inc.distributorDec 18, 2025 ▾
“SAT equipment is sold primarily through independent retail dealer networks, although the segment also builds turf products for sale by mass retailers, including The Home Depot and Lowe’s.”
Depended on by
MEC10.0% of MECcustomerMar 4, 2026 ▾
“For example, we provide John Deere, a leading customer, with 2025 net sales accounting for 10.0% of our total revenue, with over 3,000 SKUs across over 65 individual John Deere platforms including the agriculture, forestry, turf care, power systems and constr…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 22 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
DE is currently a Follower in the organic co-movement group Industrial Equipment. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.