CNH Industrial vs Deere &
Deere & is the larger business, with $45.68bn of revenue in fiscal 2025 against $18.09bn for CNH Industrial (2.5 times as much). CNH Industrial grew faster (-8.8% against -11.7%). Deere & kept more of each dollar of sales as profit: a net margin of 11.0% against 2.8%.
| Latest fiscal year | CNH IndustrialCNH, 2025 | Deere &DE, 2025 |
|---|---|---|
| Revenue | $18.09bn | $45.68bn |
| Revenue growth | -8.8% | -11.7% |
| Net income | $510m | $5.03bn |
| Operating margin | — | — |
| Net margin | 2.8% | 11.0% |
| Return on equity | 6.6% | 20.6% |
| Free cash flow | $2.54bn | $6.10bn |
| Cash | $2.58bn | $8.28bn |
| Total debt | $26.76bn | $13.80bn |
| Debt to equity | — | 53.2% |
| Dividend per share | $0.25 | $6.48 |
| Dividend yield | — | 1.0% |
| Share buybacks | — | $1.14bn |
| Employees | 34,197 | 73,100 |
| Market value | $14.54bn | $180.90bn |
| Price vs our value range | — | — |
| Moat score | 37 (Weak) | 62 (Moderate) |
| Insider trades, 12 months | 4 buys, 1 sales | 0 buys, 27 sales |