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Side-by-side financial comparison of Deere & Company (DE) and RYDER SYSTEM INC (R). Click either name above to swap in a different company.

Deere & Company is the larger business by last-quarter revenue ($12.4B vs $3.1B, roughly 4.0× RYDER SYSTEM INC). Deere & Company runs the higher net margin — 8.6% vs 3.0%, a 5.6% gap on every dollar of revenue. On growth, Deere & Company posted the faster year-over-year revenue change (11.2% vs 1.0%). Deere & Company produced more free cash flow last quarter ($3.5B vs $273.0M). Over the past eight quarters, Deere & Company's revenue compounded faster (0.9% 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.

RYDER SYSTEM INC

RYDER SYSTEM INCREarnings & Financial Report

NYSE · Consumer Discretionary · Services-Auto Rental & Leasing (No Drivers)

Ryder System, Inc. is an American transportation and logistics company, specializing in truck rental and leasing, fleet management, supply chain management, and transportation management. It also offers full-service leasing, rental and maintenance, used vehicle sales, transportation management, professional drivers, e-commerce fulfillment, and last-mile delivery services. The company is headquartered in Coral Gables, Florida, and operates in the United States and United Kingdom.

DE vs R — Head-to-Head

Bigger by revenue
DE
DE
4.0× larger
DE
$12.4B
$3.1B
R
Growing faster (revenue YoY)
DE
DE
+10.2% gap
DE
11.2%
1.0%
R
Higher net margin
DE
DE
5.6% more per $
DE
8.6%
3.0%
R
More free cash flow
DE
DE
$3.2B more FCF
DE
$3.5B
$273.0M
R
Faster 2-yr revenue CAGR
DE
DE
Annualised
DE
0.9%
-0.9%
R

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DE
DE
R
R
Revenue
$12.4B
$3.1B
Net Profit
$1.1B
$93.0M
Gross Margin
—
—
Operating Margin
11.5%
—
Net Margin
8.6%
3.0%
Revenue YoY
11.2%
1.0%
Net Profit YoY
-14.5%
-5.1%
EPS (diluted)
$3.92
$2.34

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
R
R
Q1 26
—
$3.1B
Q4 25
$12.4B
$3.2B
Q3 25
$12.0B
$3.2B
Q2 25
$12.8B
$3.2B
Q1 25
$8.5B
$3.1B
Q4 24
$11.1B
$3.2B
Q3 24
$13.2B
$3.2B
Q2 24
$15.2B
$3.2B
Net Profit
DE
DE
R
R
Q1 26
—
$93.0M
Q4 25
$1.1B
$132.0M
Q3 25
$1.3B
$138.0M
Q2 25
$1.8B
$131.0M
Q1 25
$869.0M
$98.0M
Q4 24
$1.2B
$135.0M
Q3 24
$1.7B
$142.0M
Q2 24
$2.4B
$127.0M
Operating Margin
DE
DE
R
R
Q1 26
—
—
Q4 25
11.5%
5.6%
Q3 25
13.3%
6.0%
Q2 25
18.3%
5.8%
Q1 25
10.5%
4.3%
Q4 24
13.6%
5.7%
Q3 24
17.9%
5.9%
Q2 24
20.5%
5.6%
Net Margin
DE
DE
R
R
Q1 26
—
3.0%
Q4 25
8.6%
4.2%
Q3 25
10.7%
4.4%
Q2 25
14.1%
4.1%
Q1 25
10.2%
3.1%
Q4 24
11.2%
4.2%
Q3 24
13.2%
4.5%
Q2 24
15.6%
4.0%
EPS (diluted)
DE
DE
R
R
Q1 26
—
$2.34
Q4 25
$3.92
$3.22
Q3 25
$4.75
$3.32
Q2 25
$6.64
$3.13
Q1 25
$3.19
$2.27
Q4 24
$4.57
$3.09
Q3 24
$6.29
$3.24
Q2 24
$8.53
$2.84

Balance Sheet & Financial Strength

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

Metric
DE
DE
R
R
Cash + ST InvestmentsLiquidity on hand
$8.3B
$182.0M
Total DebtLower is stronger
—
—
Stockholders' EquityBook value
$25.9B
$2.9B
Total Assets
$106.0B
—
Debt / EquityLower = less leverage
—
—

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DE
DE
R
R
Q1 26
—
$182.0M
Q4 25
$8.3B
$198.0M
Q3 25
$8.6B
$189.0M
Q2 25
$8.0B
$180.0M
Q1 25
$6.6B
$151.0M
Q4 24
$7.3B
$154.0M
Q3 24
$7.0B
$162.0M
Q2 24
$5.6B
$164.0M
Total Debt
DE
DE
R
R
Q1 26
—
—
Q4 25
—
$6.8B
Q3 25
—
$7.3B
Q2 25
—
$7.0B
Q1 25
—
$6.7B
Q4 24
—
$6.7B
Q3 24
—
$6.6B
Q2 24
—
$6.5B
Stockholders' Equity
DE
DE
R
R
Q1 26
—
$2.9B
Q4 25
$25.9B
$3.1B
Q3 25
$25.2B
$3.1B
Q2 25
$24.3B
$3.1B
Q1 25
$22.5B
$3.0B
Q4 24
$22.8B
$3.1B
Q3 24
$23.1B
$3.1B
Q2 24
$22.7B
$3.1B
Total Assets
DE
DE
R
R
Q1 26
—
—
Q4 25
$106.0B
$16.4B
Q3 25
$107.8B
$16.5B
Q2 25
$106.3B
$16.5B
Q1 25
$103.1B
$16.4B
Q4 24
$107.3B
$16.7B
Q3 24
$107.8B
$16.5B
Q2 24
$105.6B
$16.4B
Debt / Equity
DE
DE
R
R
Q1 26
—
—
Q4 25
—
2.24×
Q3 25
—
2.35×
Q2 25
—
2.27×
Q1 25
—
2.21×
Q4 24
—
2.14×
Q3 24
—
2.17×
Q2 24
—
2.09×

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
R
R
Operating Cash FlowLast quarter
$4.0B
$583.0M
Free Cash FlowOCF − Capex
$3.5B
$273.0M
FCF MarginFCF / Revenue
28.1%
8.7%
Capex IntensityCapex / Revenue
4.1%
13.7%
Cash ConversionOCF / Net Profit
3.75×
6.27×
TTM Free Cash FlowTrailing 4 quarters
$6.1B
$595.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DE
DE
R
R
Q1 26
—
$583.0M
Q4 25
$4.0B
$749.0M
Q3 25
$2.9B
$442.0M
Q2 25
$1.7B
$752.0M
Q1 25
$-1.1B
$651.0M
Q4 24
$5.1B
$558.0M
Q3 24
$3.2B
$629.0M
Q2 24
$1.9B
$552.0M
Free Cash Flow
DE
DE
R
R
Q1 26
—
$273.0M
Q4 25
$3.5B
$344.0M
Q3 25
$2.6B
$-85.0M
Q2 25
$1.5B
$63.0M
Q1 25
$-1.5B
$137.0M
Q4 24
$4.5B
$-201.0M
Q3 24
$2.9B
$30.0M
Q2 24
$1.5B
$-87.0M
FCF Margin
DE
DE
R
R
Q1 26
—
8.7%
Q4 25
28.1%
10.8%
Q3 25
21.6%
-2.7%
Q2 25
11.7%
2.0%
Q1 25
-17.4%
4.4%
Q4 24
40.3%
-6.3%
Q3 24
21.8%
0.9%
Q2 24
9.8%
-2.7%
Capex Intensity
DE
DE
R
R
Q1 26
—
13.7%
Q4 25
4.1%
12.8%
Q3 25
2.5%
16.6%
Q2 25
1.6%
21.6%
Q1 25
4.1%
16.4%
Q4 24
5.4%
23.8%
Q3 24
2.5%
18.9%
Q2 24
2.3%
20.1%
Cash Conversion
DE
DE
R
R
Q1 26
—
6.27×
Q4 25
3.75×
5.67×
Q3 25
2.25×
3.20×
Q2 25
0.94×
5.74×
Q1 25
-1.30×
6.64×
Q4 24
4.09×
4.13×
Q3 24
1.84×
4.43×
Q2 24
0.78×
4.35×

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%

R
R

Fleet Management Solutions$1.5B47%
ChoiceLease$878.0M28%
Dedicated Transportation Solutions$553.0M18%
Commercial rental$211.0M7%

Related Comparisons

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