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

Micron Technology is the larger business by last-quarter revenue ($23.9B vs $12.4B, roughly 1.9× Deere & Company). Micron Technology runs the higher net margin — 57.8% vs 8.6%, a 49.2% gap on every dollar of revenue. On growth, Micron Technology posted the faster year-over-year revenue change (196.3% vs 11.2%). Micron Technology produced more free cash flow last quarter ($5.5B vs $3.5B). Over the past eight quarters, Micron Technology's revenue compounded faster (87.2% 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.

Micron Technology

Micron TechnologyMUEarnings & Financial Report

Nasdaq · Information Technology · Semiconductors

Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and solid-state drives (SSDs). It is headquartered in Boise, Idaho.

DE vs MU — Head-to-Head

Bigger by revenue
MU
MU
1.9× larger
MU
$23.9B
$12.4B
DE
Growing faster (revenue YoY)
MU
MU
+185.1% gap
MU
196.3%
11.2%
DE
Higher net margin
MU
MU
49.2% more per $
MU
57.8%
8.6%
DE
More free cash flow
MU
MU
$2.0B more FCF
MU
$5.5B
$3.5B
DE
Faster 2-yr revenue CAGR
MU
MU
Annualised
MU
87.2%
0.9%
DE

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
DE
DE
MU
MU
Revenue
$12.4B
$23.9B
Net Profit
$1.1B
$13.8B
Gross Margin
—
74.4%
Operating Margin
11.5%
67.6%
Net Margin
8.6%
57.8%
Revenue YoY
11.2%
196.3%
Net Profit YoY
-14.5%
770.8%
EPS (diluted)
$3.92
$12.07

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
MU
MU
Q1 26
—
$23.9B
Q4 25
$12.4B
$13.6B
Q3 25
$12.0B
$11.3B
Q2 25
$12.8B
$9.3B
Q1 25
$8.5B
$8.1B
Q4 24
$11.1B
$8.7B
Q3 24
$13.2B
$7.8B
Q2 24
$15.2B
$6.8B
Net Profit
DE
DE
MU
MU
Q1 26
—
$13.8B
Q4 25
$1.1B
$5.2B
Q3 25
$1.3B
$3.2B
Q2 25
$1.8B
$1.9B
Q1 25
$869.0M
$1.6B
Q4 24
$1.2B
$1.9B
Q3 24
$1.7B
—
Q2 24
$2.4B
$332.0M
Gross Margin
DE
DE
MU
MU
Q1 26
—
74.4%
Q4 25
—
56.0%
Q3 25
—
44.7%
Q2 25
—
37.7%
Q1 25
—
36.8%
Q4 24
—
38.4%
Q3 24
—
35.3%
Q2 24
—
26.9%
Operating Margin
DE
DE
MU
MU
Q1 26
—
67.6%
Q4 25
11.5%
45.0%
Q3 25
13.3%
32.3%
Q2 25
18.3%
23.3%
Q1 25
10.5%
22.0%
Q4 24
13.6%
25.0%
Q3 24
17.9%
—
Q2 24
20.5%
10.6%
Net Margin
DE
DE
MU
MU
Q1 26
—
57.8%
Q4 25
8.6%
38.4%
Q3 25
10.7%
28.3%
Q2 25
14.1%
20.3%
Q1 25
10.2%
19.7%
Q4 24
11.2%
21.5%
Q3 24
13.2%
—
Q2 24
15.6%
4.9%
EPS (diluted)
DE
DE
MU
MU
Q1 26
—
$12.07
Q4 25
$3.92
$4.60
Q3 25
$4.75
$2.83
Q2 25
$6.64
$1.68
Q1 25
$3.19
$1.41
Q4 24
$4.57
$1.67
Q3 24
$6.29
—
Q2 24
$8.53
$0.30

Balance Sheet & Financial Strength

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

Metric
DE
DE
MU
MU
Cash + ST InvestmentsLiquidity on hand
$8.3B
$13.9B
Total DebtLower is stronger
—
$9.6B
Stockholders' EquityBook value
$25.9B
$72.5B
Total Assets
$106.0B
$101.5B
Debt / EquityLower = less leverage
—
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DE
DE
MU
MU
Q1 26
—
$13.9B
Q4 25
$8.3B
$9.7B
Q3 25
$8.6B
$9.6B
Q2 25
$8.0B
$10.2B
Q1 25
$6.6B
$7.6B
Q4 24
$7.3B
$6.7B
Q3 24
$7.0B
$7.0B
Q2 24
$5.6B
$7.6B
Total Debt
DE
DE
MU
MU
Q1 26
—
$9.6B
Q4 25
—
$11.2B
Q3 25
—
$14.0B
Q2 25
—
$15.0B
Q1 25
—
$13.9B
Q4 24
—
$13.3B
Q3 24
—
$13.0B
Q2 24
—
$12.9B
Stockholders' Equity
DE
DE
MU
MU
Q1 26
—
$72.5B
Q4 25
$25.9B
$58.8B
Q3 25
$25.2B
$54.2B
Q2 25
$24.3B
$50.7B
Q1 25
$22.5B
$48.6B
Q4 24
$22.8B
$46.8B
Q3 24
$23.1B
$45.1B
Q2 24
$22.7B
$44.2B
Total Assets
DE
DE
MU
MU
Q1 26
—
$101.5B
Q4 25
$106.0B
$86.0B
Q3 25
$107.8B
$82.8B
Q2 25
$106.3B
$78.4B
Q1 25
$103.1B
$73.1B
Q4 24
$107.3B
$71.5B
Q3 24
$107.8B
$69.4B
Q2 24
$105.6B
$66.3B
Debt / Equity
DE
DE
MU
MU
Q1 26
—
0.13×
Q4 25
—
0.19×
Q3 25
—
0.26×
Q2 25
—
0.30×
Q1 25
—
0.28×
Q4 24
—
0.28×
Q3 24
—
0.29×
Q2 24
—
0.29×

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
MU
MU
Operating Cash FlowLast quarter
$4.0B
$11.9B
Free Cash FlowOCF − Capex
$3.5B
$5.5B
FCF MarginFCF / Revenue
28.1%
23.1%
Capex IntensityCapex / Revenue
4.1%
26.8%
Cash ConversionOCF / Net Profit
3.75×
0.86×
TTM Free Cash FlowTrailing 4 quarters
$6.1B
$11.9B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DE
DE
MU
MU
Q1 26
—
$11.9B
Q4 25
$4.0B
$8.4B
Q3 25
$2.9B
$17.5B
Q2 25
$1.7B
$4.6B
Q1 25
$-1.1B
$3.9B
Q4 24
$5.1B
$3.2B
Q3 24
$3.2B
$8.5B
Q2 24
$1.9B
$2.5B
Free Cash Flow
DE
DE
MU
MU
Q1 26
—
$5.5B
Q4 25
$3.5B
$3.0B
Q3 25
$2.6B
$1.7B
Q2 25
$1.5B
$1.7B
Q1 25
$-1.5B
$-113.0M
Q4 24
$4.5B
$38.0M
Q3 24
$2.9B
$121.0M
Q2 24
$1.5B
$396.0M
FCF Margin
DE
DE
MU
MU
Q1 26
—
23.1%
Q4 25
28.1%
22.2%
Q3 25
21.6%
14.7%
Q2 25
11.7%
18.0%
Q1 25
-17.4%
-1.4%
Q4 24
40.3%
0.4%
Q3 24
21.8%
1.6%
Q2 24
9.8%
5.8%
Capex Intensity
DE
DE
MU
MU
Q1 26
—
26.8%
Q4 25
4.1%
39.5%
Q3 25
2.5%
140.1%
Q2 25
1.6%
31.6%
Q1 25
4.1%
50.4%
Q4 24
5.4%
36.8%
Q3 24
2.5%
108.2%
Q2 24
2.3%
30.6%
Cash Conversion
DE
DE
MU
MU
Q1 26
—
0.86×
Q4 25
3.75×
1.61×
Q3 25
2.25×
5.47×
Q2 25
0.94×
2.45×
Q1 25
-1.30×
2.49×
Q4 24
4.09×
1.73×
Q3 24
1.84×
—
Q2 24
0.78×
7.48×

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%

MU
MU

CMBU$7.7B32%
MCBU$7.7B32%
CDBU$5.7B24%
AEBU$2.7B11%
Other Product Sales$95.0M0%

Related Comparisons

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