The Filing Desk

Deere vs Lindsay

Deere DE · Lindsay LNN · Agricultural & Farm Machinery

Deere reported revenue of $45.7 billion in fiscal 2025, 71.8 times Lindsay's $636 million in fiscal 2026. Deere's revenue fell 11.7% in its latest year, and Lindsay's fell 6.0%. Free cash flow was $6.1 billion at Deere and $35 million at Lindsay. Their fiscal years end in different months (November 2 and August 31), so the periods don't line up exactly.

Side by side

DeereLindsay
Latest fiscal yearFY2025, Nov 2, 2025FY2026, Aug 31, 2026
Revenue$45.7B$636M
Revenue growth−11.7%−6.0%
Revenue growth a year, last 5 years5.2%2.3%
Gross margin—28.9%
Operating margin—10.5%
Net margin11.0%8.8%
Free cash flow$6.1B$35M
Free cash flow margin13.3%5.5%
Return on capital—11.9%
Net debt to EBITDA—−0.8x
Dividends and buybacks$2.9B$96M
Change in diluted share count−1.9%−4.4%
Last close$641.25$105.94
P/E at the last close35.6×19.9×
Insider trades, last 12 monthssold $55.9 million—
Piotroski F-score—5 of 9
Amounts in each company's own currency, US$ 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
DeereLindsay
Operating margin
Percent of revenue
DeereLindsay
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
DeereLindsay

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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 Deere and Lindsay pages.