Is Deere Stock Outperforming Its Rivals?
Deere‘s stock has posted a modest 3% return over the past year, significantly lagging robust peers. A closer look, as of November 26, 2025, reveals strong operating profitability and solid free cash flow generation. However, it faces substantial revenue contraction for the full fiscal year 2025 and a cautious outlook for fiscal 2026, particularly in large agriculture, with expectations of a revenue drop and persistent margin pressures from tariffs and production costs. Its moderate valuation reflects these mixed signals, suggesting limited near-term upside amidst challenging market headwinds.
- DE’s 20.0% operating margin is strong, higher than most peers, but lower than ALSN (30.8%) due to ALSN’s specialized transmission business model.
- DE’s -20.9% LTM revenue growth lags peers, reflecting a large agriculture sector downturn, tariffs, and deliberate inventory reduction.
- DE’s 3.3% stock gain and 24.4 PE reflect agricultural cycle headwinds and tariffs, with peers outperforming, yet it appears undervalued long-term.
Here’s how Deere stacks up across size, valuation, and profitability versus key peers.
| DE | CAT | ALSN | TEX | ASTE | |
|---|---|---|---|---|---|
| Market Cap ($ Bil) | 127.2 | 269.5 | 7.5 | 3.0 | 1.0 |
| Revenue ($ Bil) | 43.4 | 63.1 | 3.1 | 5.3 | 1.4 |
| PE Ratio | 24.4 | 28.6 | 10.8 | 19.2 | 21.0 |
| LTM Revenue Growth | -20.9% | -4.9% | -4.2% | 4.6% | 6.7% |
| LTM Operating Margin | 20.0% | 18.2% | 30.8% | 7.3% | 5.7% |
| LTM FCF Margin | 9.4% | 12.3% | 20.5% | 5.2% | 3.3% |
| 12M Market Return | 3.3% | 42.8% | -24.3% | -14.4% | 16.4% |
For more details on Deere, read Buy or Sell DE Stock. Below we compare DE’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
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| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| DE | -20.9% | -16.1% | 17.5% | 19.2% |
| CAT | -4.9% | -3.4% | 12.8% | 16.6% |
| ALSN | -4.2% | 6.3% | 9.6% | 15.3% |
| TEX | 4.6% | -0.5% | 16.6% | 13.7% |
| ASTE | 6.7% | -2.5% | 5.0% | 16.3% |
Operating Margin Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| DE | 20.0% | 22.6% | 24.2% | 17.6% |
| CAT | 18.2% | 20.2% | 19.3% | 14.9% |
| ALSN | 30.8% | 30.8% | 30.3% | 28.3% |
| TEX | 7.3% | 10.3% | 12.4% | 9.5% |
| ASTE | 5.7% | 4.0% | 4.1% | 1.3% |
PE Ratio Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| DE | 24.4 | 16.5 | 11.5 | 18.3 |
| CAT | 28.6 | 16.4 | 14.6 | 18.8 |
| ALSN | 10.8 | 12.9 | 7.8 | 7.5 |
| TEX | 19.2 | 9.2 | 7.5 | 9.8 |
| ASTE | 21.0 | 178.2 | 25.2 | -9266.7 |
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