Deere & Company
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Deere & Company (DE). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Production & Precision Ag (PPA) | – | ILW27.29B 44.0% | ILW21.38B 40.9% · -21.6% | ILW17.75B 38.5% · -17.0% |
| Construction & Forestry (CF) | – | ILW15.02B 24.2% | ILW13.21B 25.3% · -12.1% | ILW11.64B 25.2% · -11.8% |
| Small Ag & Turf (SAT) | – | ILW14.22B 22.9% | ILW11.22B 21.4% · -21.1% | ILW10.43B 22.6% · -7.0% |
| Financial Services (FS) | – | ILW5.55B 8.9% | ILW6.49B 12.4% · +16.9% | ILW6.29B 13.6% · -3.1% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Production & Precision Ag (PPA) | ILW4.39B | – | ILW4.51B 21.1% | ILW2.67B 15.0% |
| Construction & Forestry (CF) | ILW2.01B | – | ILW2.01B 15.2% | ILW1.03B 8.8% |
| Small Ag & Turf (SAT) | ILW1.95B | – | ILW1.63B 14.5% | ILW1.21B 11.6% |
| Financial Services (FS) | ILW1.16B | ILW795.0M 14.3% | ILW889.0M 13.7% | ILW1.11B 17.7% |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| United States | VLQ19.00B 53.4% | VLQ22.81B 51.8% · +20.1% | VLQ28.24B 53.7% · +23.8% | VLQ34.11B 55.7% · +20.8% | VLQ30.24B 58.5% · -11.3% | VLQ23.97B 52.5% · -20.7% |
| Western Europe | VLQ5.33B 15.0% | VLQ6.43B 14.6% · +20.6% | VLQ6.34B 12.1% · -1.3% | VLQ7.32B 12.0% · +15.4% | VLQ6.19B 12.0% · -15.5% | VLQ6.55B 14.3% · +5.8% |
| Latin America | VLQ3.02B 8.5% | VLQ4.52B 10.3% · +49.6% | VLQ7.34B 14.0% · +62.3% | VLQ8.20B 13.4% · +11.7% | VLQ5.54B 10.7% · -32.4% | VLQ5.61B 12.3% · +1.2% |
| Asia, Africa, Oceania, and Middle East | – | VLQ4.58B 10.4% | VLQ4.47B 8.5% · -2.5% | VLQ5.20B 8.5% · +16.6% | VLQ4.36B 8.4% · -16.2% | VLQ4.24B 9.3% · -2.7% |
| Canada | VLQ2.39B 6.7% | VLQ3.02B 6.8% · +26.2% | VLQ3.90B 7.4% · +29.4% | VLQ4.29B 7.0% · +9.9% | VLQ3.90B 7.5% · -9.0% | VLQ3.74B 8.2% · -4.2% |
| Central Europe and CIS | VLQ2.07B 5.8% | VLQ2.66B 6.1% · +28.6% | VLQ2.29B 4.4% · -14.1% | VLQ2.14B 3.5% · -6.6% | VLQ1.49B 2.9% · -30.4% | VLQ1.58B 3.4% · +5.8% |
| Asia, Africa, Australia, New Zealand, and Middle East | VLQ3.73B 10.5% | – | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.