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Side-by-side financial comparison of Deere & Company (DE) and JBS N.V. (JBS). Click either name above to swap in a different company.

JBS N.V. is the larger business by last-quarter revenue ($22.6B vs $12.4B, roughly 1.8× Deere & Company). Deere & Company runs the higher net margin — 8.6% vs 2.9%, a 5.7% gap on every dollar of revenue. On growth, JBS N.V. posted the faster year-over-year revenue change (13.4% vs 11.2%). Deere & Company produced more free cash flow last quarter ($3.5B vs $-264.6M).

Deere & Company, doing business as John Deere, is an American corporation that manufactures agricultural machinery, heavy equipment, forestry machinery, diesel engines, drivetrains used in heavy equipment and lawn care equipment. It also provides financial services and other related activities.

JBS N.V. is a Brazilian multinational company that is the largest meat processing enterprise in the world, producing factory processed beef, chicken, salmon, sheep, pork, and also selling by-products from the processing of these meats. It is headquartered in São Paulo. It was founded in 1953 in Anápolis, Goiás.

DE vs JBS — Head-to-Head

Bigger by revenue
JBS
JBS
1.8× larger
JBS
$22.6B
$12.4B
DE
Growing faster (revenue YoY)
JBS
JBS
+2.2% gap
JBS
13.4%
11.2%
DE
Higher net margin
DE
DE
5.7% more per $
DE
8.6%
2.9%
JBS
More free cash flow
DE
DE
$3.8B more FCF
DE
$3.5B
$-264.6M
JBS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
DE
DE
JBS
JBS
Revenue
$12.4B
$22.6B
Net Profit
$1.1B
$644.1M
Gross Margin
13.2%
Operating Margin
11.5%
5.4%
Net Margin
8.6%
2.9%
Revenue YoY
11.2%
13.4%
Net Profit YoY
-14.5%
-14.9%
EPS (diluted)
$3.92
$0.52

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DE
DE
JBS
JBS
Q4 25
$12.4B
Q3 25
$12.0B
$22.6B
Q2 25
$12.8B
Q1 25
$8.5B
Q4 24
$11.1B
Q3 24
$13.2B
$19.9B
Q2 24
$15.2B
Q1 24
$12.2B
Net Profit
DE
DE
JBS
JBS
Q4 25
$1.1B
Q3 25
$1.3B
$644.1M
Q2 25
$1.8B
Q1 25
$869.0M
Q4 24
$1.2B
Q3 24
$1.7B
$756.6M
Q2 24
$2.4B
Q1 24
$1.8B
Gross Margin
DE
DE
JBS
JBS
Q4 25
Q3 25
13.2%
Q2 25
Q1 25
Q4 24
Q3 24
16.5%
Q2 24
Q1 24
Operating Margin
DE
DE
JBS
JBS
Q4 25
11.5%
Q3 25
13.3%
5.4%
Q2 25
18.3%
Q1 25
10.5%
Q4 24
13.6%
Q3 24
17.9%
7.8%
Q2 24
20.5%
Q1 24
18.2%
Net Margin
DE
DE
JBS
JBS
Q4 25
8.6%
Q3 25
10.7%
2.9%
Q2 25
14.1%
Q1 25
10.2%
Q4 24
11.2%
Q3 24
13.2%
3.8%
Q2 24
15.6%
Q1 24
14.4%
EPS (diluted)
DE
DE
JBS
JBS
Q4 25
$3.92
Q3 25
$4.75
$0.52
Q2 25
$6.64
Q1 25
$3.19
Q4 24
$4.57
Q3 24
$6.29
$0.62
Q2 24
$8.53
Q1 24
$6.23

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DE
DE
JBS
JBS
Cash + ST InvestmentsLiquidity on hand
$8.3B
$485.5B
Total DebtLower is stronger
$213.0M
Stockholders' EquityBook value
$25.9B
$9.5B
Total Assets
$106.0B
$44.2B
Debt / EquityLower = less leverage
0.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DE
DE
JBS
JBS
Q4 25
$8.3B
Q3 25
$8.6B
$485.5B
Q2 25
$8.0B
Q1 25
$6.6B
Q4 24
$7.3B
Q3 24
$7.0B
$5.1B
Q2 24
$5.6B
Q1 24
$5.1B
Total Debt
DE
DE
JBS
JBS
Q4 25
Q3 25
$213.0M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
DE
DE
JBS
JBS
Q4 25
$25.9B
Q3 25
$25.2B
$9.5B
Q2 25
$24.3B
Q1 25
$22.5B
Q4 24
$22.8B
Q3 24
$23.1B
$9.5B
Q2 24
$22.7B
Q1 24
$22.1B
Total Assets
DE
DE
JBS
JBS
Q4 25
$106.0B
Q3 25
$107.8B
$44.2B
Q2 25
$106.3B
Q1 25
$103.1B
Q4 24
$107.3B
Q3 24
$107.8B
Q2 24
$105.6B
Q1 24
$101.4B
Debt / Equity
DE
DE
JBS
JBS
Q4 25
Q3 25
0.02×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DE
DE
JBS
JBS
Operating Cash FlowLast quarter
$4.0B
$996.4M
Free Cash FlowOCF − Capex
$3.5B
$-264.6M
FCF MarginFCF / Revenue
28.1%
-1.2%
Capex IntensityCapex / Revenue
4.1%
5.6%
Cash ConversionOCF / Net Profit
3.75×
1.55×
TTM Free Cash FlowTrailing 4 quarters
$6.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DE
DE
JBS
JBS
Q4 25
$4.0B
Q3 25
$2.9B
$996.4M
Q2 25
$1.7B
Q1 25
$-1.1B
Q4 24
$5.1B
Q3 24
$3.2B
Q2 24
$1.9B
Q1 24
$-908.0M
Free Cash Flow
DE
DE
JBS
JBS
Q4 25
$3.5B
Q3 25
$2.6B
$-264.6M
Q2 25
$1.5B
Q1 25
$-1.5B
Q4 24
$4.5B
Q3 24
$2.9B
Q2 24
$1.5B
Q1 24
$-1.3B
FCF Margin
DE
DE
JBS
JBS
Q4 25
28.1%
Q3 25
21.6%
-1.2%
Q2 25
11.7%
Q1 25
-17.4%
Q4 24
40.3%
Q3 24
21.8%
Q2 24
9.8%
Q1 24
-10.4%
Capex Intensity
DE
DE
JBS
JBS
Q4 25
4.1%
Q3 25
2.5%
5.6%
Q2 25
1.6%
Q1 25
4.1%
Q4 24
5.4%
Q3 24
2.5%
Q2 24
2.3%
Q1 24
3.0%
Cash Conversion
DE
DE
JBS
JBS
Q4 25
3.75×
Q3 25
2.25×
1.55×
Q2 25
0.94×
Q1 25
-1.30×
Q4 24
4.09×
Q3 24
1.84×
Q2 24
0.78×
Q1 24
-0.52×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DE
DE

Production And Precision Agriculture Segment$2.0B16%
Construction And Forestry Segment$2.0B16%
Small Agriculture$1.8B15%
Financial Service$1.5B12%
Construction Equipment$1.4B11%
Small Agriculture And Turf Segment$1.2B9%
Roadbuilding$994.0M8%
Compact Construction Equipment$564.0M5%
Forestry$352.0M3%
Other$300.0M2%
Other Products And Services$146.0M1%
Financial Products$80.0M1%

JBS
JBS

Segment breakdown not available.

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