Deere & (DE)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $178.4B, Deere &'s free cash flow of $6.1B (fiscal 2025) would need to grow about 10% a year for the stock to be worth today's price. That is close to what the company has delivered over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Deere &'s SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from DE's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Deere &'s 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $44.0B | $52.6B | $61.3B | $51.7B | $45.7B |
| Net income | $6.0B | $7.1B | $10.2B | $7.1B | $5.0B |
| Free cash flow | $6.9B | $3.6B | $7.1B | $7.6B | $6.1B |
| EPS (diluted) | $18.99 | $23.28 | $34.63 | $25.62 | $18.50 |
| Operating margin | 18.2% | 18.1% | 21.2% | 17.5% | 13.7% |
Where the revenue comes from
Revenue by segments, fiscal 2020.
Superinvestors who own DE
From each investor's latest 13F filing (what a 13F shows). 11 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Tom Gayner Markel Group Inc. |
Held | $557M | 4.2% | Q2 2026 |
| Jean-Marie Eveillard First Eagle Investment Management |
Added | $341M | 0.57% | Q2 2026 |
| Bill Nygren Harris Associates LP |
Trimmed | $199M | 0.26% | Q2 2026 |
| Hersh Cohen ClearBridge Investments |
Trimmed | $141M | 0.12% | Q2 2026 |
| Ric Dillon Diamond Hill Capital Management |
Trimmed | $133M | 1.1% | Q2 2026 |
| Mario Gabelli GAMCO Investors |
Trimmed | $59M | 0.53% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $47M | 0.02% | Q2 2026 |
| PRIMECAP Management PRIMECAP Management Co |
Held | $46M | 0.03% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Added | $20M | 0.05% | Q2 2026 |
| Dodge & Cox Dodge & Cox |
Held | $8M | 0.00% | Q2 2026 |
| Eric Marshall Hodges Capital Management |
Trimmed | $388,210 | 0.03% | Q2 2026 |
Insider buying
Open-market purchases by Deere &'s executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Jan 29, 2026 | Ro Khanna |
0 | $529.91 | — |
| Jan 29, 2026 | Ro Khanna |
0 | $529.91 | — |
| Jan 23, 2026 | Ro Khanna |
0 | $514.92 | — |
| Jan 23, 2026 | Ro Khanna |
0 | $514.92 | — |
| Dec 29, 2025 | Markwayne Mullin |
0 | $469.88 | — |
| Dec 29, 2025 | Markwayne Mullin |
0 | $469.88 | — |
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In the full deep dive
Questions
What growth does Deere &'s stock price imply?
At a market value of $178.4B, Deere & would need its free cash flow to grow about 10% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 8% a year.
Are Deere & insiders buying the stock?
6 open-market insider purchases of DE in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Deere &?
11 of the superinvestors Investingly tracks hold DE in their latest 13F, including Tom Gayner, Jean-Marie Eveillard, Bill Nygren.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.