Caterpillar vs Deere & Company: Market Cap, Revenue and Profit Compared
Heavy machinery rivals. Size and profitability side by side, using the exact figures from SEC filings.
Data updated: Nov 6, 2026 · Based on each company's latest annual report, so fiscal year ends may differ.
Quick answers
Which has the larger market cap?
Caterpillar is worth about $253.3 billion, 1.4 times Deere & Company (about $178.8 billion). Based on the Nov 5, 2026 close.
Which has more revenue?
Caterpillar brought in $67.589B in its latest fiscal year (FY2025), against $45.684B for Deere & Company (FY2025).
Which is more profitable?
Caterpillar has the higher net margin at 13.1%, against 11.0% for Deere & Company. Out of every $100 of revenue, Caterpillar keeps more as net income.
Which is growing faster?
Caterpillar had the faster revenue growth in its latest fiscal year: +4.3%, against −11.7% for Deere & Company.
Caterpillar
CAT · FY2025 annual report
Revenue $67.589B
Net income $8.882B
- Cost of revenue0.1%
- R&D3.2%
- SG&A and other80.3%
- Taxes, interest & other3.4%
- Net income13.1%
Deere & Company
DE · FY2025 annual report
Revenue $45.684B
Net income $5.027B
- R&D5.1%
- Other expenses81.2%
- Income taxes & other2.7%
- Net income11.0%
Size
| Item | Caterpillar | Deere & Company |
|---|---|---|
| Market cap | $253.3B#40 of 289 | $178.8B#63 of 289 |
| Revenue | $67.589B#57 of 299 | $45.684B#82 of 299 |
| Operating income | $11.151B#30 of 231 | —Not ranked |
| Net income | $8.882B#45 of 298 | $5.027B#83 of 298 |
| Free cash flow | $8.918B#47 of 261 | $6.099B#69 of 261 |
| Total assets | $98.585B#85 of 299 | $105.996B#79 of 299 |
| Dividends paid | $2.749B#58 of 214 | $1.72B#83 of 214 |
| Dividend per share | $5.94#33 of 205 | $6.48#27 of 205 |
| Dividend yield | 1.1%#133 of 203 | 1.0%#141 of 203 |
Profitability and stability
| Item | Caterpillar | Deere & Company |
|---|---|---|
| Net margin | 13.1%#157 of 298 | 11.0%#188 of 298 |
| Revenue growth | +4.3%#210 of 299 | −11.7%#295 of 299 |
| Operating margin | 16.5%#138 of 231 | —Not ranked |
| FCF margin | 13.2%#150 of 261 | 13.3%#148 of 261 |
| ROE | 43.5%#48 of 276 | 20.6%#121 of 276 |
| Debt-to-equity | 362.4%#204 of 244 | 308.2%#188 of 244 |