{
 "company": "Deere & Company",
 "ticker": "DE",
 "sector": "Renewable Utilities",
 "asOf": {
  "date": "2026-08",
  "label": "August 2026"
 },
 "fiscalYearEnd": null,
 "revenueUsdM": 45684.0,
 "normalizedSga": {
  "pctRevenue": 9.69,
  "peerCount": 14,
  "peerMedianPctRevenue": 14.2,
  "peerLeanQuartilePctRevenue": 10.3,
  "peers": [
   {
    "ticker": "GEV",
    "name": "GE Vernova Inc.",
    "normalizedSgaPctRevenue": 13.0
   },
   {
    "ticker": "ROK",
    "name": "Rockwell Automation, Inc.",
    "normalizedSgaPctRevenue": 22.94
   },
   {
    "ticker": "XYL",
    "name": "Xylem Inc.",
    "normalizedSgaPctRevenue": 21.28
   },
   {
    "ticker": "OTIS",
    "name": "Otis Worldwide Corporation",
    "normalizedSgaPctRevenue": 13.71
   },
   {
    "ticker": "DOV",
    "name": "Dover Corporation",
    "normalizedSgaPctRevenue": 20.46
   },
   {
    "ticker": "HUBB",
    "name": "Hubbell Incorporated",
    "normalizedSgaPctRevenue": 14.63
   },
   {
    "ticker": "CMI",
    "name": "Cummins Inc.",
    "normalizedSgaPctRevenue": 9.28
   },
   {
    "ticker": "CAT",
    "name": "Caterpillar Inc.",
    "normalizedSgaPctRevenue": 10.33
   },
   {
    "ticker": "CARR",
    "name": "Carrier Global Corporation",
    "normalizedSgaPctRevenue": 14.22
   },
   {
    "ticker": "EMR",
    "name": "Emerson Electric Co.",
    "normalizedSgaPctRevenue": 24.05
   },
   {
    "ticker": "AME",
    "name": "AMETEK, Inc.",
    "normalizedSgaPctRevenue": 6.84
   },
   {
    "ticker": "CW",
    "name": "Curtiss-Wright Corporation",
    "normalizedSgaPctRevenue": 16.24
   },
   {
    "ticker": "WWD",
    "name": "Woodward, Inc.",
    "normalizedSgaPctRevenue": 9.25
   }
  ],
  "definition": "Reported SG&A less the disclosed lines that distort comparison: advertising, R&D, pension, stock-based compensation, restructuring and one-time items, plus logistics reclassed where filers park it in SG&A."
 },
 "disclosedLines": [
  {
   "key": "advertising",
   "label": "Advertising",
   "pctRevenue": 0.51,
   "companiesDisclosing": 3,
   "peersDisclosing": [
    {
     "ticker": "DOV",
     "pctRevenue": 0.29
    },
    {
     "ticker": "AME",
     "pctRevenue": 0.2
    }
   ],
   "note": "A brand-investment choice; advertising sits outside the normalized SG&A line, so it does not explain the Exhibit 2 gap."
  },
  {
   "key": "research_dev",
   "label": "R&D",
   "pctRevenue": 5.06,
   "companiesDisclosing": 13,
   "peersDisclosing": [
    {
     "ticker": "GEV",
     "pctRevenue": 3.14
    },
    {
     "ticker": "ROK",
     "pctRevenue": 8.14
    },
    {
     "ticker": "XYL",
     "pctRevenue": 2.5
    },
    {
     "ticker": "OTIS",
     "pctRevenue": 1.05
    },
    {
     "ticker": "DOV",
     "pctRevenue": 2.04
    },
    {
     "ticker": "CMI",
     "pctRevenue": 4.15
    },
    {
     "ticker": "CAT",
     "pctRevenue": 3.18
    },
    {
     "ticker": "CARR",
     "pctRevenue": 2.87
    },
    {
     "ticker": "EMR",
     "pctRevenue": 4.28
    },
    {
     "ticker": "AME",
     "pctRevenue": 3.19
    },
    {
     "ticker": "CW",
     "pctRevenue": 2.72
    },
    {
     "ticker": "WWD",
     "pctRevenue": 4.14
    }
   ],
   "note": "Heavier than the peer norm."
  },
  {
   "key": "stock_comp",
   "label": "Stock-based comp",
   "pctRevenue": 0.33,
   "companiesDisclosing": 11,
   "peersDisclosing": [
    {
     "ticker": "ROK",
     "pctRevenue": 1.02
    },
    {
     "ticker": "XYL",
     "pctRevenue": 0.59
    },
    {
     "ticker": "OTIS",
     "pctRevenue": 0.55
    },
    {
     "ticker": "DOV",
     "pctRevenue": 0.54
    },
    {
     "ticker": "HUBB",
     "pctRevenue": 0.56
    },
    {
     "ticker": "CARR",
     "pctRevenue": 0.34
    },
    {
     "ticker": "EMR",
     "pctRevenue": 1.46
    },
    {
     "ticker": "AME",
     "pctRevenue": 0.65
    },
    {
     "ticker": "CW",
     "pctRevenue": 0.61
    },
    {
     "ticker": "WWD",
     "pctRevenue": 0.89
    }
   ],
   "note": "Below the peer median. Not distorting the overhead picture."
  },
  {
   "key": "restructuring",
   "label": "Restructuring",
   "pctRevenue": 0.0,
   "companiesDisclosing": 14,
   "peersDisclosing": [
    {
     "ticker": "GEV",
     "pctRevenue": 0.75
    },
    {
     "ticker": "ROK",
     "pctRevenue": -0.06
    },
    {
     "ticker": "XYL",
     "pctRevenue": 1.14
    },
    {
     "ticker": "OTIS",
     "pctRevenue": 0.9
    },
    {
     "ticker": "DOV",
     "pctRevenue": 0.96
    },
    {
     "ticker": "HUBB",
     "pctRevenue": 0.21
    },
    {
     "ticker": "CMI",
     "pctRevenue": 1.36
    },
    {
     "ticker": "CAT",
     "pctRevenue": 0.66
    },
    {
     "ticker": "CARR",
     "pctRevenue": 0.82
    },
    {
     "ticker": "EMR",
     "pctRevenue": 0.75
    },
    {
     "ticker": "AME",
     "pctRevenue": 0.0
    },
    {
     "ticker": "CW",
     "pctRevenue": 0.13
    },
    {
     "ticker": "WWD",
     "pctRevenue": 0.0
    }
   ],
   "note": "No filed restructuring charges for the latest fiscal year; runs below the typical peer, counted wherever they sit on the P&L; one-time charges are stripped from the Exhibit 2 number either way."
  }
 ],
 "gapToPeers": null,
 "tsrBridge": [
  {
   "label": "1 year",
   "span": "FY2024 to FY2025",
   "companyTsrPct": 14,
   "peerTsrPct": 30,
   "driverPp": {
    "Revenue growth": -21.8,
    "Gross margin": -14.2,
    "SG&A": 4.6,
    "Multiple": 11.3,
    "Other": 3.9
   }
  },
  {
   "label": "3 years",
   "span": "FY2022 to FY2025",
   "companyTsrPct": 22,
   "peerTsrPct": 97,
   "driverPp": {
    "Revenue growth": -45.9,
    "Gross margin": 6.5,
    "SG&A": -9.5,
    "Multiple": -28.6,
    "Other": 1.6
   }
  },
  {
   "label": "5 years",
   "span": "FY2020 to FY2025",
   "companyTsrPct": 113,
   "peerTsrPct": 140,
   "driverPp": {
    "Revenue growth": -5.4,
    "Gross margin": 28.6,
    "SG&A": -7.8,
    "Multiple": -40,
    "Other": -2.9
   }
  },
  {
   "label": "10 years",
   "span": "FY2016 to FY2025",
   "companyTsrPct": 502,
   "peerTsrPct": 347,
   "driverPp": {
    "Revenue growth": 69,
    "Gross margin": 115.2,
    "SG&A": -13.6,
    "Multiple": 4.4,
    "Other": -20.2
   }
  }
 ],
 "recentQuarter": null,
 "sources": [
  "10-K and 10-Q filings (US GAAP)",
  "XBRL company facts",
  "earnings releases"
 ],
 "urls": {
  "briefing": "https://sgabenchmarking.com/r/DE",
  "json": "https://sgabenchmarking.com/r/DE.json",
  "industryBenchmarks": "https://sgabenchmarking.com/catalog.json"
 },
 "publisher": "SG&A Benchmarking, https://sgabenchmarking.com"
}