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

Deere & Company is the larger business by last-quarter revenue ($12.4B vs $7.6B, roughly 1.6× Smurfit Westrock). Deere & Company runs the higher net margin — 8.6% vs 1.3%, a 7.3% gap on every dollar of revenue. On growth, Deere & Company posted the faster year-over-year revenue change (11.2% vs 0.5%). Deere & Company produced more free cash flow last quarter ($3.5B vs $612.0M). Over the past eight quarters, Smurfit Westrock's revenue compounded faster (60.8% 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.

Smurfit Westrock

Smurfit WestrockSWEarnings & Financial Report

NYSE · Materials · Paper & Plastic Packaging Products & Materials

Smurfit Westrock plc is an Irish company based in Dublin, Ireland that manufactures corrugated and paper-based packaging. Its stock is listed on the New York Stock Exchange and the London Stock Exchange.

DE vs SW — Head-to-Head

Bigger by revenue
DE
DE
1.6× larger
DE
$12.4B
$7.6B
SW
Growing faster (revenue YoY)
DE
DE
+10.7% gap
DE
11.2%
0.5%
SW
Higher net margin
DE
DE
7.3% more per $
DE
8.6%
1.3%
SW
More free cash flow
DE
DE
$2.9B more FCF
DE
$3.5B
$612.0M
SW
Faster 2-yr revenue CAGR
SW
SW
Annualised
SW
60.8%
0.9%
DE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DE
DE
SW
SW
Revenue
$12.4B
$7.6B
Net Profit
$1.1B
$97.0M
Gross Margin
—
18.2%
Operating Margin
11.5%
5.1%
Net Margin
8.6%
1.3%
Revenue YoY
11.2%
0.5%
Net Profit YoY
-14.5%
-33.6%
EPS (diluted)
$3.92
$0.18

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
SW
SW
Q4 25
$12.4B
$7.6B
Q3 25
$12.0B
$8.0B
Q2 25
$12.8B
$7.9B
Q1 25
$8.5B
$7.7B
Q4 24
$11.1B
$7.5B
Q3 24
$13.2B
$7.7B
Q2 24
$15.2B
$3.0B
Q1 24
$12.2B
$2.9B
Net Profit
DE
DE
SW
SW
Q4 25
$1.1B
$97.0M
Q3 25
$1.3B
$246.0M
Q2 25
$1.8B
$-28.0M
Q1 25
$869.0M
$384.0M
Q4 24
$1.2B
$146.0M
Q3 24
$1.7B
$-150.0M
Q2 24
$2.4B
$132.0M
Q1 24
$1.8B
$191.0M
Gross Margin
DE
DE
SW
SW
Q4 25
—
18.2%
Q3 25
—
19.6%
Q2 25
—
19.1%
Q1 25
—
20.6%
Q4 24
—
19.1%
Q3 24
—
17.6%
Q2 24
—
23.3%
Q1 24
—
24.2%
Operating Margin
DE
DE
SW
SW
Q4 25
11.5%
5.1%
Q3 25
13.3%
6.6%
Q2 25
18.3%
3.2%
Q1 25
10.5%
7.2%
Q4 24
13.6%
5.3%
Q3 24
17.9%
0.7%
Q2 24
20.5%
8.2%
Q1 24
18.2%
10.5%
Net Margin
DE
DE
SW
SW
Q4 25
8.6%
1.3%
Q3 25
10.7%
3.1%
Q2 25
14.1%
-0.4%
Q1 25
10.2%
5.0%
Q4 24
11.2%
1.9%
Q3 24
13.2%
-2.0%
Q2 24
15.6%
4.4%
Q1 24
14.4%
6.5%
EPS (diluted)
DE
DE
SW
SW
Q4 25
$3.92
$0.18
Q3 25
$4.75
$0.47
Q2 25
$6.64
$-0.05
Q1 25
$3.19
$0.73
Q4 24
$4.57
$-0.12
Q3 24
$6.29
$-0.30
Q2 24
$8.53
$0.51
Q1 24
$6.23
$0.73

Balance Sheet & Financial Strength

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

Metric
DE
DE
SW
SW
Cash + ST InvestmentsLiquidity on hand
$8.3B
$892.0M
Total DebtLower is stronger
—
$13.4B
Stockholders' EquityBook value
$25.9B
$18.3B
Total Assets
$106.0B
$45.2B
Debt / EquityLower = less leverage
—
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DE
DE
SW
SW
Q4 25
$8.3B
$892.0M
Q3 25
$8.6B
$851.0M
Q2 25
$8.0B
$778.0M
Q1 25
$6.6B
$797.0M
Q4 24
$7.3B
$855.0M
Q3 24
$7.0B
—
Q2 24
$5.6B
$26.8K
Q1 24
$5.1B
$108
Total Debt
DE
DE
SW
SW
Q4 25
—
$13.4B
Q3 25
—
$13.3B
Q2 25
—
$13.3B
Q1 25
—
$12.9B
Q4 24
—
$12.5B
Q3 24
—
$13.2B
Q2 24
—
—
Q1 24
—
—
Stockholders' Equity
DE
DE
SW
SW
Q4 25
$25.9B
$18.3B
Q3 25
$25.2B
$18.4B
Q2 25
$24.3B
$18.3B
Q1 25
$22.5B
$17.9B
Q4 24
$22.8B
$17.4B
Q3 24
$23.1B
$18.0B
Q2 24
$22.7B
$14.5K
Q1 24
$22.1B
$108
Total Assets
DE
DE
SW
SW
Q4 25
$106.0B
$45.2B
Q3 25
$107.8B
$45.6B
Q2 25
$106.3B
$45.7B
Q1 25
$103.1B
$44.6B
Q4 24
$107.3B
$43.8B
Q3 24
$107.8B
$45.0B
Q2 24
$105.6B
$26.8K
Q1 24
$101.4B
$108
Debt / Equity
DE
DE
SW
SW
Q4 25
—
0.73×
Q3 25
—
0.72×
Q2 25
—
0.73×
Q1 25
—
0.72×
Q4 24
—
0.72×
Q3 24
—
0.73×
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
SW
SW
Operating Cash FlowLast quarter
$4.0B
$1.2B
Free Cash FlowOCF − Capex
$3.5B
$612.0M
FCF MarginFCF / Revenue
28.1%
8.1%
Capex IntensityCapex / Revenue
4.1%
7.7%
Cash ConversionOCF / Net Profit
3.75×
12.32×
TTM Free Cash FlowTrailing 4 quarters
$6.1B
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DE
DE
SW
SW
Q4 25
$4.0B
$1.2B
Q3 25
$2.9B
$1.1B
Q2 25
$1.7B
$829.0M
Q1 25
$-1.1B
$235.0M
Q4 24
$5.1B
$781.0M
Q3 24
$3.2B
$320.0M
Q2 24
$1.9B
$340.0M
Q1 24
$-908.0M
$42.0M
Free Cash Flow
DE
DE
SW
SW
Q4 25
$3.5B
$612.0M
Q3 25
$2.6B
$523.0M
Q2 25
$1.5B
$307.0M
Q1 25
$-1.5B
$-242.0M
Q4 24
$4.5B
$212.0M
Q3 24
$2.9B
$-192.0M
Q2 24
$1.5B
$163.0M
Q1 24
$-1.3B
$-166.0M
FCF Margin
DE
DE
SW
SW
Q4 25
28.1%
8.1%
Q3 25
21.6%
6.5%
Q2 25
11.7%
3.9%
Q1 25
-17.4%
-3.2%
Q4 24
40.3%
2.8%
Q3 24
21.8%
-2.5%
Q2 24
9.8%
5.5%
Q1 24
-10.4%
-5.7%
Capex Intensity
DE
DE
SW
SW
Q4 25
4.1%
7.7%
Q3 25
2.5%
7.6%
Q2 25
1.6%
6.6%
Q1 25
4.1%
6.2%
Q4 24
5.4%
7.5%
Q3 24
2.5%
6.7%
Q2 24
2.3%
6.0%
Q1 24
3.0%
7.1%
Cash Conversion
DE
DE
SW
SW
Q4 25
3.75×
12.32×
Q3 25
2.25×
4.61×
Q2 25
0.94×
—
Q1 25
-1.30×
0.61×
Q4 24
4.09×
5.35×
Q3 24
1.84×
—
Q2 24
0.78×
2.58×
Q1 24
-0.52×
0.22×

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%

SW
SW

Packaging$3.3B43%
Other$3.2B43%
Paper$1.1B14%

Related Comparisons

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