Companies: 10,795·Total market cap: $144.5T
Deere & Company

Deere & Company

DENYSEIndustrials● Active
$583.44
$-8.31(-1.40%)
Market Cap$157.5B
P/E Ratio—
52W High$674.19
52W Low$433
Free Cash FlowFinancialsRevenue

Deere & Company (DE) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

DE · free cash flow · updated Jun 8, 2026

Core FCF metrics

Free cash flow was $3.23B for FY2025 (fiscal year ending 2025-11-02), down 27.0% year-over-year The FCF margin was 7.2%. Five-year CAGR stands at -7.7%.

FY2025 Free Cash Flow$3.23B▼ -27.0% YoY
Trailing 12M (TTM)$3.77Btrailing 4 quarters sum
FCF Margin7.2%$3.23B ÷ revenue
3-Year CAGR+52.5%FY2022 → FY2025
5-Year CAGR-7.7%FY2020 → FY2025
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
de free cash flow history · de free cash flow chart · de free cash flow growth rate · de free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest$3.23B▼ 27.0%7.2%
FY2024$4.43B▲ +7.5%8.8%
FY2023$4.12B▲ +352.4%6.8%
FY2022$911.0M▼ 82.3%1.8%
FY2021$5.15B▲ +6.6%12.0%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
de free cash flow 2025 · de free cash flow 2024 · de free cash flow 2023 · de operating cash flow

FCF valuation metrics

Deere & Company (DE) trades at a FCF yield of 2.39% and a price-to-free-cash-flow ratio of 41.9x. FCF per share stands at $13.91, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)
2.39%
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
$13.91
TTM FCF ÷ Shares Outstanding
Price / FCF
x41.9
Share Price ÷ FCF per Share
EV / FCF (TTM)
x56.6
Enterprise Value basis
Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-11-02
de price to free cash flow · de free cash flow yield · de free cash flow per share · de price to cash flow ratio

Cash flow statement summary

For FY2025, Deere & Company generated $7.46B in operating cash flow and spent 4.23B in capital expenditures, yielding $3.23B in free cash flow.

Operating Activities
+$7.46B
Cash from core business operations
2025-11-02
Investing Activities
−$2.06B
CapEx, acquisitions & investments
2025-11-02
Financing Activities
−$4.58B
Buybacks, dividends & debt
2025-11-02
FCF FormulaOperating CF ($7.46B) − |CapEx| (4.23B) = FCF ($3.23B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
de cash flow statement · de cash flow statement 2025 · de operating cash flow · de cash flow from operations

Free cash flow vs peers (Industrials)

#CompanyFree Cash FlowYoY
#1
Deere & Company
Deere & CompanyYOU
DE
$3.23B-27.0%
#2
Caterpillar Inc.
Caterpillar Inc.
CAT
$10.27B+16.5%#3
RTX Corporation
RTX Corporation
RTX
$7.94B+75.1%#4
GE Aerospace
GE Aerospace
GE
$7.26B+97.5%#5
Union Pacific Corporation
Union Pacific Corporation
UNP
$5.50B-6.7%#6
The Boeing Company
The Boeing Company
BA
−$1.88B+87.0%
Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Deere & Company (DE) reported free cash flow of $3.23B for FY2025 (fiscal year ending 2025-11-02), down 27.0% year-over-year. The FCF margin was 7.2%.

Based on available data, Deere & Company has maintained positive free cash flow for at least 11 fiscal year(s). FCF peaked at $5.15B in FY2021. The 5-year CAGR stands at -7.7%.

Deere & Company's FCF yield is 2.39% and price-to-FCF ratio is 41.9x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

DE free cash flow · 8 questions

Deere & Company free cash flow was $3.23B for FY2025, down 27.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $3.77B.

DE free cash flowDE FCFDE FCF 2025DE free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Deere & Company · Deere & Company SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026