Filing Flows › Deere (DE) › Q3 FY25
Deere (DE) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Aug 28, 2025
Deere (DE) reported revenue of $12.0B for the third quarter fiscal 2025 (Q3 FY25), -9% from a year earlier and -6% from the quarter before. Operating margin was 13.3%, net earnings $1.3B (10.7% of revenue).
Deere, Q3 FY25: revenue $12.0B (-9% year over year), operating margin 13.3%, net earnings $1.3B, operating cash flow $2.9B. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.0B | -6% | -9% |
| Operating profit | $1.6B | -32% | -32% |
| Net earnings | $1.3B | -29% | -26% |
| Operating cash flow | $2.9B | +70% | -9% |
| Free cash flow | $2.6B | +74% | -9% |
What changed
Revenue was $12.0B in Q3 FY25, down 9% year over year and down 6% from the previous quarter. Net Sales was the largest line at 86% of revenue. Net Sales lost $1.0B year over year (down 9%), 91% of the total change.
Operating profit was $1.6B, a 13.3% margin (down 4.6 points year over year). Total costs fell 4% while revenue fell 9%. Net earnings were $1.3B, down 26% year over year ($1.3B including minority interests, which bore $0.02B of losses). The effective tax rate was 21.1%.
Operating cash flow was $2.9B (down 9% year over year), 228% of net earnings. Non-cash charges added back $0.56B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items added $1.0B. Capital expenditures of $0.30B left free cash flow of $2.6B.
Questions
What was Deere's revenue in the third quarter fiscal 2025?
Deere (DE) reported revenue of $12.0B for the third quarter fiscal 2025 (Q3 FY25), -9% from a year earlier and -6% from the quarter before.
Was Deere profitable in the third quarter fiscal 2025?
Operating profit was $1.6B (13.3% of revenue) and net earnings $1.3B.
Source: Deere 10-Q on SEC EDGAR.