Filing Flows › Deere (DE) › Q4 FY25
Deere (DE) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Dec 18, 2025
Deere (DE) reported revenue of $12.4B for the fourth quarter fiscal 2025 (Q4 FY25), +11% from a year earlier and +3% from the quarter before. Operating margin was 11.5%, net earnings $1.1B (8.6% of revenue).
Deere, Q4 FY25: revenue $12.4B (+11% year over year), operating margin 11.5%, net earnings $1.1B, operating cash flow $4.0B. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.4B | +3% | +11% |
| Operating profit | $1.4B | -11% | -6% |
| Net earnings | $1.1B | -17% | -14% |
| Operating cash flow | $4.0B | +38% | -22% |
| Free cash flow | $3.5B | +34% | -22% |
What changed
Revenue was $12.4B in Q4 FY25, up 11% year over year and up 3% from the previous quarter. Net Sales was the largest line at 85% of revenue.
Operating profit was $1.4B, a 11.5% margin (down 2.1 points year over year). Operating profit fell $0.09B even though revenue rose $1.2B versus Q4 FY24, so costs grew faster than sales. Total costs grew 14% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+16%). Net earnings were $1.1B, down 14% year over year. The effective tax rate was 25.0%.
Operating cash flow was $4.0B (down 22% year over year), 377% 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 $2.3B. Capital expenditures of $0.51B left free cash flow of $3.5B.
Questions
What was Deere's revenue in the fourth quarter fiscal 2025?
Deere (DE) reported revenue of $12.4B for the fourth quarter fiscal 2025 (Q4 FY25), +11% from a year earlier and +3% from the quarter before.
Was Deere profitable in the fourth quarter fiscal 2025?
Operating profit was $1.4B (11.5% of revenue) and net earnings $1.1B.
Source: Deere 10-K on SEC EDGAR.