DE Latest Report

Key Financial Data

1. As of January 26, 2025, Deere's total operating revenue was $8.508 billion, showing a change from the previous year, reflecting the company's performance and growth trend in the market.

2. According to the 2024 financial report, Deere's total operating revenue was $51.716 billion, showing significant annual growth, mainly driven by increased demand for agricultural machinery and product innovation.

3. Deere launched several new products in 2024, including the S7 series combine harvester and 9RX tractor, aimed at addressing challenges in the agricultural industry.

Peer Comparison

1. Industry-wide analysis: The revenue of the agricultural machinery industry is affected by the agricultural production cycle, global food demand, and farmers' investment capacity. The overall growth rate of the agricultural machinery market in 2024 is expected to be 10.47%. These factors affect the revenue performance of companies in the industry, and the overall market health is closely related to demand.

2. Peer evaluation analysis: Comparing Deere's total operating revenue with other companies in the same industry, if Deere's revenue growth rate is higher than the industry average, it would indicate an enhanced market competitiveness. According to the data, Deere's growth rate in 2024 was significantly higher than the industry average, showing its advantageous position in the market.

Summary

Through the financial analysis of Deere, the company's total operating revenue grew significantly in 2024, reflecting the improvement in market demand and the success of product innovation. The overall healthy performance of the agricultural machinery industry also supported Deere's performance.

Opportunities

1. With the overall growth rate of the agricultural machinery market increasing, Deere has the opportunity to further expand its market share.

2. The launch of new products such as the S7 series combine harvester may attract more customers and enhance sales revenue.

3. Government agricultural policies and subsidies will create a favorable market environment for Deere, promoting sales.

Risks

1. Fluctuations in agricultural product prices may affect the revenue of agricultural enterprises, which in turn affects the demand for agricultural machinery.

2. Macroeconomic uncertainties may suppress consumer purchasing power, affecting operating revenue.

3. Intensified competition within the industry may lead to a decrease in market share, affecting Deere's revenue growth.