Where Does Deere Stock Rank Among Competitors?
Deere‘s (DE) stock showed solid returns over the past year but lagged some peers, closing at $619.22 on March 3, 2026. How does it truly measure up against industrial equipment rivals? A closer look reveals superior operating profitability, reflected in its 18.84% LTM operating margin. However, DE faces LTM revenue contraction and trades at a premium valuation (PE ratio near 33.30), suggesting limited upside if large agriculture market challenges persist into 2026.
- DE’s 18.8% operating margin, highest among peers, signals superior efficiency and pricing power in agricultural equipment.
- DE’s -11.6% revenue growth, lagging CAT/OSK/TTC but outpacing AGCO/PCAR, reflects mixed sector demand amid market adjustments.
- DE’s 34.7% stock gain (PE 33.3) underperformed CAT/AGCO/OSK, suggesting investor caution despite its market leadership.
Here’s how Deere stacks up across size, valuation, and profitability versus key peers.
| DE | CAT | AGCO | PCAR | OSK | TTC | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 167.4 | 336.6 | 9.8 | 63.7 | 10.6 | 9.7 |
| Revenue ($ Bil) | 44.7 | 67.6 | 10.1 | 28.4 | 10.4 | 4.5 |
| PE Ratio | 33.3 | 37.9 | 13.5 | 26.8 | 16.4 | 30.7 |
| LTM Revenue Growth | -11.6% | 4.3% | -13.5% | -15.5% | -2.9% | -1.6% |
| LTM Operating Margin | 18.8% | 16.5% | 6.9% | 10.4% | 9.1% | 10.9% |
| LTM FCF Margin | 7.2% | 11.0% | 7.3% | 10.6% | 5.5% | 12.8% |
| 12M Market Return | 34.7% | 120.5% | 48.1% | 18.4% | 75.2% | 30.8% |
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
| LTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| DE | -11.6% | -11.6% | -16.1% | 17.5% |
| CAT | 4.3% | 4.3% | -3.4% | 12.8% |
| AGCO | -13.5% | -13.5% | -19.1% | 13.9% |
| PCAR | -15.5% | -15.5% | -4.2% | 21.9% |
| OSK | -2.9% | -2.9% | 11.1% | 16.6% |
| TTC | -1.6% | -1.6% | 0.7% | 0.9% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| DE | 18.8% | 18.8% | 22.6% | 24.2% |
| CAT | 16.5% | 16.5% | 20.2% | 19.3% |
| AGCO | 6.9% | 6.9% | 8.0% | 11.9% |
| PCAR | 10.4% | 10.4% | 14.5% | 16.9% |
| OSK | 9.1% | 9.1% | 9.9% | 8.7% |
| TTC | 10.9% | 10.9% | 11.6% | 12.8% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| DE | 33.3 | 25.1 | 16.5 | 11.5 |
| CAT | 37.9 | 30.3 | 16.4 | 14.6 |
| AGCO | 13.5 | 10.7 | -16.4 | 7.8 |
| PCAR | 26.8 | 24.2 | 13.1 | 11.1 |
| OSK | 16.4 | 12.5 | 9.1 | 11.9 |
| TTC | 30.7 | 24.8 | 19.8 | 30.4 |
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