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Deere & Company (DE) Financial Forecast Calculator

Interactive 5-year forecast and DCF for Deere & Company. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from Deere & Company’s most recent SEC filings.

Revenue FY30
$106.81B
from $61.25B
FCF FY30
$73.63B
Margin 68.9%
Enterprise value
$993.02B
16.2× LTM revenue
Equity value
$986.94B
Net debt $6.08B
Revenue & free cash flow - history and 5-year forecast
Line (area)
Bars
Historicals from SEC EDGAR (grey). Forecast years (color) update live as you move the sliders.

Assumptions

Revenue growth (annual)
11.8%
-10.0%baseline 11.8%40.0%
Gross margin
99.9%
5.0%baseline 99.9%90.0%
Capex % of revenue
2.3%
0.0%baseline 2.3%30.0%
WACC (discount rate)
9.00%
4.0%baseline 9.0%18.0%
Terminal growth
2.50%
0.0%baseline 2.5%5.0%

Need this as an Excel model?

Keep iterating on the Deere & Company forecast in Excel. The downloadable sample has every assumption you see here plus a fully integrated income statement, balance sheet, cash flow, and debt schedule - five years of SEC historicals and live formulas in a fully editable workbook.

income_statement.xlsx
Income statement, brown brand palette
income_statement.xlsx
Income statement, green brand palette
income_statement.xlsx
Income statement, red brand palette

Frequently asked

What does Deere & Company do?+

Deere & Company, operating under the iconic John Deere brand, is a global leader in manufacturing agricultural, construction, and forestry equipment. The company also includes a large captive finance arm that provides wholesale financing to dealers and retail financing to end customers.

What are the primary revenue drivers for Deere & Company?+

Deere & Company's revenues are primarily driven by its Production & Precision Agriculture, Small Agriculture & Turf, and Construction & Forestry segments. Geographically, the United States and Canada account for approximately 60% of its total revenues.

What is Deere & Company's typical capital expenditure as a percentage of revenue?+

Deere & Company's capital expenditure typically ranges from 3.0% to 4.0% of equipment net sales. Approximately 60% of this capex is for maintenance, with the remaining 40% directed towards growth initiatives like factory automation and precision ag tooling.

What is the main purpose of the Deere & Company financial model?+

The financial model evaluates Deere & Company's cyclical earnings power and equity valuation. It aims to help equity research analysts determine if the current share price accurately reflects the bottoming of the large agriculture equipment cycle and the structural margin improvements achieved by management.

Is an Excel financial model available for download for Deere & Company?+

Yes, an Excel financial model for Deere & Company is available for download. This model provides a forecast horizon covering fiscal years 2026 through 2030.

How does Deere & Company's balance sheet structure reflect its business operations?+

Deere & Company's balance sheet, with total assets around $100 billion, is heavily influenced by its Financial Services portfolio, including significant finance receivables. The equipment manufacturing operations require substantial positive net working capital to build inventory ahead of the spring selling season.

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