Agricultural manufacturer Deere & Company posted a fourth quarter 2025 net income of $1.065 billion for the period ending November 2. The figure represents a slight decrease from the previous year's $1.245 billion.
The company also announced a fiscal 2025 net income of $5.027 billion, a drop from $7.1 billion in fiscal 2024.
Worldwide net sales and revenues increased 11%, to $12.394 billion, for the fourth quarter of 2025 and decreased 12%, to $45.684 billion, for the full year. Net sales were $10.579 billion for the quarter and $38.917 billion for the year, compared with $9.275 billion and $44.759 billion in fiscal 2024, respectively.
“This past year brought its share of challenges and uncertainty, but thanks to the structural improvements we’ve made and the diverse customer segments and geographies we serve, we were able to achieve our best results yet for this point in the cycle,” John Deere CEO and Chairman John May said.
The company projects fiscal 2026 net income between $4 billion and $4.75 billion.
“Looking ahead, we believe 2026 will mark the bottom of the large ag cycle,” May said. “While ongoing margin pressures from tariffs and persistent challenges in the large ag sector remain, our commitment to inventory management and cost control, coupled with expected growth in small agriculture and turf and construction and forestry, positions us to effectively manage the business and seize emerging opportunities as market conditions begin to recover.”
