DEERE & CO

Farm Machinery & Equipment·MOLINE, IL·FY end 11/01·CIK 315189

CEO Pay Ratio

190:1

John C. May

CEO Total Comp

$4.3M

John C. May

Median Employee

—

Revenue

$45.7B

FY 2025

Net Income

$5.0B

FY 2025

Free Cash Flow

$6.1B

FY 2025

Net Margin

11.0%

Insider Net (180d)

-$26.9M

0 buys / 5 sales

CEO Pay Accountability

CEO comp as % of net income

0.08%

For every $1,000 of profit, $0.85 flows to the CEO.

CEO comp as % of buybacks

0.37%

CEO comp equals 3.7‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$45.7B	$51.7B	$61.3B	$52.6B	$44.0B
Gross Profit	—	—	—	—	—	—
Operating Income	—	$9.0B	$13.0B	$9.5B	$8.0B
Net Income	$5.0B	$7.1B	$10.2B	$7.1B	$6.0B
Operating CF	$7.5B	$9.2B	$8.6B	$4.7B	$7.7B
Capex	$1.4B	$1.6B	$1.5B	$1.1B	$848.0M
Free Cash Flow	$6.1B	$7.6B	$7.1B	$3.6B	$6.9B
Buybacks	$1.1B	$4.0B	$7.2B	$3.6B	$2.5B
Dividends	$1.7B	$1.6B	$1.4B	$1.3B	$1.0B

Gross Margin	—	—	—	—	—	—
Operating Margin	—	17.5%	21.2%	18.1%	18.2%
Net Margin	11.0%	13.7%	16.6%	13.6%	13.5%
FCF Margin	13.4%	14.7%	11.6%	6.8%	15.6%
R&D / Revenue	5.1%	4.4%	3.6%	3.6%	3.6%
Effective Tax	—	—	—	—	—	—
Debt / Equity	—	—	—	—	1.78	—
Buybacks / FCF	18.7%	52.8%	101.8%	100.9%	36.9%

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
John C. MayChairman, Chief Executive Officer,	$1.7M	—	—	$14.0M	$5.5M	$4.3M
& Forestry and PowerSystems	$931.1K	—	—	$2.9M	$1.7M	$1.1M
Joshua A. JepsenSenior Vice President and	$940.7K	—	—	$3.4M	$1.5M	$1.0M
Ryan D. CampbellPresident, Worldwide Construction	$989.7K	—	—	$3.4M	$1.6M	$1.0M
Deanna M. Kovar	$932.6K	—	—	$3.2M	$1.5M	$990.0K
Rajesh KalathurPresident, John Deere Financial,	$982.5K	—	—	$3.2M	$1.6M	$990.0K