CNH Industrial vs Deere
Deere reported revenue of $45.7 billion in fiscal 2025, 2.5 times CNH Industrial's $18.1 billion in fiscal 2025. CNH Industrial's revenue fell 8.8% in its latest year, and Deere's fell 11.7%. Their fiscal years end in different months (December 31 and November 2), so the periods don't line up exactly.
Side by side
| CNH Industrial | Deere | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Nov 2, 2025 |
| Revenue | $18.1B | $45.7B |
| Revenue growth | −8.8% | −11.7% |
| Revenue growth a year, last 5 years | 4.1% | 5.2% |
| Gross margin | 31.5% | — |
| Operating margin | — | — |
| Net margin | 2.8% | 11.0% |
| Free cash flow | — | $6.1B |
| Free cash flow margin | — | 13.3% |
| Return on capital | 4.6% | — |
| Net debt to EBITDA | 9.6x | — |
| Dividends and buybacks | $333M | $2.9B |
| Change in diluted share count | −0.7% | −1.9% |
| Last close | $11.25 | $641.25 |
| P/E at the last close | 45.0× | 35.6× |
| Insider trades, last 12 months | bought $700,182, sold $490,140 | sold $55.9 million |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
CNH IndustrialDeere
Operating margin
Percent of revenue
CNH IndustrialDeere
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
CNH IndustrialDeere
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the CNH Industrial and Deere pages.