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Deere vs Agco: DE and AGCO compared
Deere is the larger company: $12.6B of revenue in its latest quarter (Q3 FY26) against $2.3B for Agco (Q3 2026). Deere is growing faster (+5% against -9% a year earlier). Deere is more profitable, with an operating margin of 14.9% against 5.1%.
Where the money goes: DE and AGCO
Deere (DE) · Q3 FY26
Deere, Q3 FY26: revenue $12.6B (+5% year over year), operating margin 14.9%, net earnings $1.4B, operating cash flow $2.2B. The chart follows the revenue to costs, profit and cash.
Agco (AGCO) · Q3 2026
Agco, Q3 2026: revenue $2.3B (-9% year over year), operating margin 5.1%, net earnings $51.7M, operating cash flow $26.6M. The chart follows the revenue to costs, profit and cash.
| Deere (DE) | Agco (AGCO) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $12.6B | $2.3B |
| Revenue growth, Y/Y | +5% | -9% |
| Gross margin | — | 25.0% |
| Operating margin | 14.9% | 5.1% |
| Net earnings | $1.4B | $51.7M |
| Net margin | 10.9% | 2.3% |
| Operating cash flow | $2.2B | $26.6M |
| Free cash flow | $1.9B | — |
| Market value | $181.8B | $7.7B |
| P/E | 37.6× | 28.3× |
| Analysts’ mean target | $694.01 | $124.93 |
Where the revenue comes from
Deere
- Net Sales: $11.0B (87%)
- Finance and Interest Income: $1.4B (11%)
- Forestry: $283M (2%)
Agco
- Europe/Middle East: $1.3B (58%)
- North America: $485M (21%)
- Latin America: $292M (13%)
- Asia/Pacific/Africa: $179M (8%)
Questions
Which is bigger, Deere or Agco?
Deere is the larger company: $12.6B of revenue in its latest quarter (Q3 FY26) against $2.3B for Agco (Q3 2026).
Is Deere or Agco growing faster?
Deere is growing faster (+5% against -9% a year earlier).
Which is more profitable, Deere or Agco?
Deere is more profitable, with an operating margin of 14.9% against 5.1%.
More: Deere earnings · how Deere makes money · Agco earnings · how Agco makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 27, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.