Deere & vs Toro
Deere & is the larger business, with $45.68bn of revenue in fiscal 2025 against $4.51bn for Toro (10.1 times as much). Toro grew faster (-1.6% against -11.7%). Deere & kept more of each dollar of sales as profit: a net margin of 11.0% against 7.0%. Deere & carries less debt relative to equity (53.2% against 63.4%).
| Latest fiscal year | Deere &DE, 2025 | ToroTTC, 2025 |
|---|---|---|
| Revenue | $45.68bn | $4.51bn |
| Revenue growth | -11.7% | -1.6% |
| Net income | $5.03bn | $316m |
| Operating margin | — | 9.1% |
| Net margin | 11.0% | 7.0% |
| Return on equity | 20.6% | 21.0% |
| Free cash flow | $6.10bn | $578m |
| Cash | $8.28bn | $341m |
| Total debt | $13.80bn | $922m |
| Debt to equity | 53.2% | 63.4% |
| Dividend per share | $6.48 | $1.52 |
| Dividend yield | 1.0% | 1.5% |
| Share buybacks | $1.14bn | $290m |
| Employees | 73,100 | 9,791 |
| Market value | $180.90bn | $10.21bn |
| Price vs our value range | — | Within our value range |
| Moat score | 62 (Moderate) | 78 (Strong) |
| Insider trades, 12 months | 0 buys, 27 sales | 1 buys, 13 sales |