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Deere vs Lindsay: DE and LNN compared
Deere is the larger company: $12.6B of revenue in its latest quarter (Q3 FY26) against $162M for Lindsay (Q4 FY26). Lindsay is growing faster (+5% against +5% a year earlier). Deere is more profitable, with an operating margin of 14.9% against 9.8%.
Where the money goes: DE and LNN
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.
Lindsay (LNN) · Q4 FY26
Lindsay, Q4 FY26: revenue $162M (+5% year over year), operating margin 9.8%, net earnings $11.3M, operating cash flow $44.3M. The chart follows the revenue to costs, profit and cash.
| Deere (DE) | Lindsay (LNN) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q4 FY26 |
| Revenue | $12.6B | $162M |
| Revenue growth, Y/Y | +5% | +5% |
| Gross margin | — | 26.9% |
| Operating margin | 14.9% | 9.8% |
| Net earnings | $1.4B | $11.3M |
| Net margin | 10.9% | 7.0% |
| Operating cash flow | $2.2B | $44.3M |
| Free cash flow | $1.9B | $39.6M |
| Market value | $181.8B | — |
| P/E | 37.6× | — |
| Analysts’ mean target | $694.01 | — |
Where the revenue comes from
Deere
- Net Sales: $11.0B (87%)
- Finance and Interest Income: $1.4B (11%)
- Forestry: $283M (2%)
Lindsay
- Irrigation: $134M (83%)
- Infrastructure: $27.8M (17%)
Questions
Which is bigger, Deere or Lindsay?
Deere is the larger company: $12.6B of revenue in its latest quarter (Q3 FY26) against $162M for Lindsay (Q4 FY26).
Is Deere or Lindsay growing faster?
Lindsay is growing faster (+5% against +5% a year earlier).
Which is more profitable, Deere or Lindsay?
Deere is more profitable, with an operating margin of 14.9% against 9.8%.
More: Deere earnings · how Deere makes money · Lindsay earnings · how Lindsay makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 27, 2026; 10-K filed Oct 22, 2026). Fiscal quarters can end on different dates. Not investment advice.