Deere vs Toro
Deere reported revenue of $45.7 billion in fiscal 2025, 10.1 times Toro's $4.5 billion in fiscal 2025. Deere's revenue fell 11.7% in its latest year, and Toro's fell 1.6%. Free cash flow was $6.1 billion at Deere and $578 million at Toro. Their fiscal years end in different months (November 2 and October 31), so the periods don't line up exactly.
Side by side
| Deere | Toro | |
|---|---|---|
| Latest fiscal year | FY2025, Nov 2, 2025 | FY2025, Oct 31, 2025 |
| Revenue | $45.7B | $4.5B |
| Revenue growth | −11.7% | −1.6% |
| Revenue growth a year, last 5 years | 5.2% | 5.9% |
| Gross margin | — | 33.4% |
| Operating margin | — | 9.1% |
| Net margin | 11.0% | 7.0% |
| Free cash flow | $6.1B | $578M |
| Free cash flow margin | 13.3% | 12.8% |
| Return on capital | — | 15.9% |
| Net debt to EBITDA | — | 1.1x |
| Dividends and buybacks | $2.9B | $441M |
| Change in diluted share count | −1.9% | −4.4% |
| Last close | $641.25 | $105.46 |
| P/E at the last close | 35.6× | 28.1× |
| Insider trades, last 12 months | sold $55.9 million | bought $14,402, sold $14.2 million |
| Piotroski F-score | — | 6 of 9 |
Amounts in each company's own currency, US$ 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
DeereToro
Operating margin
Percent of revenue
DeereToro
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
DeereToro