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

Deere & Company is the larger business by last-quarter revenue ($12.4B vs $8.8B, roughly 1.4× Linde plc). Linde plc runs the higher net margin — 17.5% vs 8.6%, a 8.9% gap on every dollar of revenue. On growth, Deere & Company posted the faster year-over-year revenue change (11.2% vs 5.8%). Deere & Company produced more free cash flow last quarter ($3.5B vs $1.6B). Over the past eight quarters, Linde plc's revenue compounded faster (4.0% CAGR vs 0.9%).

Deere & Company

Deere & CompanyDEEarnings & Financial Report

NYSE · Industrials · Agricultural & Farm Machinery

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.

Linde plc

Linde plcLINEarnings & Financial Report

Nasdaq · Materials · Industrial Inorganic Chemicals

Linde is a global multinational chemical company and the world's largest industrial gas supplier by market share and revenue. Founded by German scientist and engineer Carl von Linde in 1879 in Wiesbaden, Germany, the company is now headquartered in Woking, United Kingdom, and registered in Ireland as Linde plc. Linde plc was formed in 2018 through the merger of Linde AG and Praxair, which was founded in 1907 in the United States as Linde Air Products Company.

DE vs LIN — Head-to-Head

Bigger by revenue
DE
DE
1.4× larger
DE
$12.4B
$8.8B
LIN
Growing faster (revenue YoY)
DE
DE
+5.4% gap
DE
11.2%
5.8%
LIN
Higher net margin
LIN
LIN
8.9% more per $
LIN
17.5%
8.6%
DE
More free cash flow
DE
DE
$1.9B more FCF
DE
$3.5B
$1.6B
LIN
Faster 2-yr revenue CAGR
LIN
LIN
Annualised
LIN
4.0%
0.9%
DE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DE
DE
LIN
LIN
Revenue
$12.4B
$8.8B
Net Profit
$1.1B
$1.5B
Gross Margin
—
—
Operating Margin
11.5%
23.0%
Net Margin
8.6%
17.5%
Revenue YoY
11.2%
5.8%
Net Profit YoY
-14.5%
-11.3%
EPS (diluted)
$3.92
$3.28

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
LIN
LIN
Q4 25
$12.4B
$8.8B
Q3 25
$12.0B
$8.6B
Q2 25
$12.8B
$8.5B
Q1 25
$8.5B
$8.1B
Q4 24
$11.1B
$8.3B
Q3 24
$13.2B
$8.4B
Q2 24
$15.2B
$8.3B
Q1 24
$12.2B
$8.1B
Net Profit
DE
DE
LIN
LIN
Q4 25
$1.1B
$1.5B
Q3 25
$1.3B
$1.9B
Q2 25
$1.8B
$1.8B
Q1 25
$869.0M
$1.7B
Q4 24
$1.2B
$1.7B
Q3 24
$1.7B
$1.6B
Q2 24
$2.4B
$1.7B
Q1 24
$1.8B
$1.6B
Operating Margin
DE
DE
LIN
LIN
Q4 25
11.5%
23.0%
Q3 25
13.3%
27.5%
Q2 25
18.3%
27.7%
Q1 25
10.5%
26.9%
Q4 24
13.6%
27.4%
Q3 24
17.9%
25.0%
Q2 24
20.5%
26.4%
Q1 24
18.2%
25.9%
Net Margin
DE
DE
LIN
LIN
Q4 25
8.6%
17.5%
Q3 25
10.7%
22.4%
Q2 25
14.1%
20.8%
Q1 25
10.2%
20.6%
Q4 24
11.2%
20.8%
Q3 24
13.2%
18.5%
Q2 24
15.6%
20.1%
Q1 24
14.4%
20.1%
EPS (diluted)
DE
DE
LIN
LIN
Q4 25
$3.92
$3.28
Q3 25
$4.75
$4.09
Q2 25
$6.64
$3.73
Q1 25
$3.19
$3.51
Q4 24
$4.57
$3.61
Q3 24
$6.29
$3.22
Q2 24
$8.53
$3.44
Q1 24
$6.23
$3.35

Balance Sheet & Financial Strength

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

Metric
DE
DE
LIN
LIN
Cash + ST InvestmentsLiquidity on hand
$8.3B
$5.1B
Total DebtLower is stronger
—
$20.7B
Stockholders' EquityBook value
$25.9B
$38.2B
Total Assets
$106.0B
$86.8B
Debt / EquityLower = less leverage
—
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DE
DE
LIN
LIN
Q4 25
$8.3B
$5.1B
Q3 25
$8.6B
$4.5B
Q2 25
$8.0B
$4.8B
Q1 25
$6.6B
$5.3B
Q4 24
$7.3B
$4.8B
Q3 24
$7.0B
$5.2B
Q2 24
$5.6B
$4.6B
Q1 24
$5.1B
$4.8B
Total Debt
DE
DE
LIN
LIN
Q4 25
—
$20.7B
Q3 25
—
$18.6B
Q2 25
—
$19.7B
Q1 25
—
$17.6B
Q4 24
—
$15.3B
Q3 24
—
$17.5B
Q2 24
—
$16.9B
Q1 24
—
$15.2B
Stockholders' Equity
DE
DE
LIN
LIN
Q4 25
$25.9B
$38.2B
Q3 25
$25.2B
$38.6B
Q2 25
$24.3B
$38.5B
Q1 25
$22.5B
$38.0B
Q4 24
$22.8B
$38.1B
Q3 24
$23.1B
$39.2B
Q2 24
$22.7B
$38.2B
Q1 24
$22.1B
$38.8B
Total Assets
DE
DE
LIN
LIN
Q4 25
$106.0B
$86.8B
Q3 25
$107.8B
$86.0B
Q2 25
$106.3B
$86.1B
Q1 25
$103.1B
$82.7B
Q4 24
$107.3B
$80.1B
Q3 24
$107.8B
$82.5B
Q2 24
$105.6B
$80.2B
Q1 24
$101.4B
$80.3B
Debt / Equity
DE
DE
LIN
LIN
Q4 25
—
0.54×
Q3 25
—
0.48×
Q2 25
—
0.51×
Q1 25
—
0.46×
Q4 24
—
0.40×
Q3 24
—
0.45×
Q2 24
—
0.44×
Q1 24
—
0.39×

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
LIN
LIN
Operating Cash FlowLast quarter
$4.0B
$3.0B
Free Cash FlowOCF − Capex
$3.5B
$1.6B
FCF MarginFCF / Revenue
28.1%
17.9%
Capex IntensityCapex / Revenue
4.1%
16.6%
Cash ConversionOCF / Net Profit
3.75×
1.98×
TTM Free Cash FlowTrailing 4 quarters
$6.1B
$5.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DE
DE
LIN
LIN
Q4 25
$4.0B
$3.0B
Q3 25
$2.9B
$2.9B
Q2 25
$1.7B
$2.2B
Q1 25
$-1.1B
$2.2B
Q4 24
$5.1B
$2.8B
Q3 24
$3.2B
$2.7B
Q2 24
$1.9B
$1.9B
Q1 24
$-908.0M
$2.0B
Free Cash Flow
DE
DE
LIN
LIN
Q4 25
$3.5B
$1.6B
Q3 25
$2.6B
$1.7B
Q2 25
$1.5B
$954.0M
Q1 25
$-1.5B
$891.0M
Q4 24
$4.5B
$1.6B
Q3 24
$2.9B
$1.7B
Q2 24
$1.5B
$796.0M
Q1 24
$-1.3B
$906.0M
FCF Margin
DE
DE
LIN
LIN
Q4 25
28.1%
17.9%
Q3 25
21.6%
19.4%
Q2 25
11.7%
11.2%
Q1 25
-17.4%
11.0%
Q4 24
40.3%
18.8%
Q3 24
21.8%
19.9%
Q2 24
9.8%
9.6%
Q1 24
-10.4%
11.2%
Capex Intensity
DE
DE
LIN
LIN
Q4 25
4.1%
16.6%
Q3 25
2.5%
14.8%
Q2 25
1.6%
14.8%
Q1 25
4.1%
15.7%
Q4 24
5.4%
15.1%
Q3 24
2.5%
12.8%
Q2 24
2.3%
13.7%
Q1 24
3.0%
12.9%
Cash Conversion
DE
DE
LIN
LIN
Q4 25
3.75×
1.98×
Q3 25
2.25×
1.53×
Q2 25
0.94×
1.25×
Q1 25
-1.30×
1.29×
Q4 24
4.09×
1.63×
Q3 24
1.84×
1.76×
Q2 24
0.78×
1.16×
Q1 24
-0.52×
1.20×

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%

LIN
LIN

Other$4.9B56%
Packaged Gas$1.6B19%
Merchant$1.2B14%
On Site$950.0M11%
Other Distribution Methods$64.0M1%

Related Comparisons

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