John Deere’s net profit fell 29%

International agricultural equipment manufacturer John Deere reported a 29% decline in net profit for the 2025 fiscal year, to $5.027 billion, compared to $7.1 billion a year earlier, according to the company’s financial statements.

Deere & Company’s total revenue for the year decreased by 12% to $45.7 billion. The company attributes this to difficulties in the large agricultural equipment segment. However, in the fourth quarter, ending November 2, 2025, revenue increased by 11% to $12.4 billion, while net profit amounted to $1.065 billion.

The report highlights the impact of factors such as global trade policy, macroeconomic instability, and climate change on operating results.

“The past year brought its share of uncertainty, but thanks to the structural improvements we implemented and the diverse customer segments we serve, we were able to achieve our best results to date in the cycle,” said John Deere Chairman and CEO John May.

For fiscal year 2026, John Deere forecasts net income in the range of $4 billion to $4.75 billion. Growth is expected in the small farm equipment, construction, and forestry equipment segments.

Tags: machinery, John Deere