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Deere & Company vs Honeywell International: Business Model & Financial Comparison 2026

Deere & Company · Industrials / Farm & Heavy Construction Machinery·Honeywell International · Industrials / Conglomerates

Financial Comparison

MetricDEDeere & CompanyHONHoneywell International
Market Cap$155.99B$149.07B
Revenue (TTM)$46.73B$37.44B
Revenue Growth13.0%-3.3%
Gross Margin26.2%36.9%
Operating Margin9.3%15.4%
Net Margin10.3%12.6%
Return on Equity19.6%26.1%
P/E (Trailing)32.6x33.8x
P/E (Forward)25.0x20.4x
Free Cash Flow$4.20B$4.66B
Cash$5.26B$12.93B
Total Debt$63.16B$35.56B

Data sourced from Yahoo Finance. Green highlights indicate better performance for that metric. Use the interactive tool for real-time data.

Business Model Comparison

Deere & Company

Deere & Company is a leading company in the agricultural equipment industry. Deere and Company (DE) reported $61.3 billion in net revenues for fiscal 2023, with its Production and Precision Agriculture segment ($26.6B), Small Agriculture and Turf ($12.3B), Construction and Forestry ($13.4B), and Financial Services ($4.8B) segments all delivering record or near-record results

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Honeywell International

Honeywell International Inc. stands as a leading company in Industrials. Generating $37.44 billion in annual revenue (growing -3.3% year-over-year) and carrying a market capitalization of $160.64 billion, the company has cemented its position as a foundational player in the global Conglomerates landscape. Under the leadership of its leadership team, Honeywell International Inc. continues to execute on a multi-year strategic vision that balances g…

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SWOT Analysis Comparison

Strengths
Deere & Company
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Honeywell International
  • With a market capitalization of $160.64B, Honeywell International Inc. is one of the largest companies in its sector, providing the scale advantages of brand recognition, supplier leverage, and capita
  • Honeywell International Inc. maintains a gross margin of 36.9% and operating margin of 15.4%, demonstrating consistent operational execution and cost discipline in a competitive market.
  • A return on equity of 26.1% demonstrates that Honeywell International Inc. generates strong returns from shareholder capital, a hallmark of companies with durable competitive advantages.
Weaknesses
Deere & Company
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Honeywell International
  • With a debt-to-equity ratio of 236.6, Honeywell International Inc. carries significant debt relative to equity. While manageable given its cash flow, elevated leverage limits financial flexibility and
  • Year-over-year revenue declined 3.3%, raising questions about demand for Honeywell International Inc.'s core offerings and requiring management to articulate a credible recovery path.
  • With 101,000 employees globally, Honeywell International Inc. faces inherent challenges in agility, decision-making speed, and maintaining a consistent culture across geographies — advantages that sma
Opportunities
Deere & Company
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Honeywell International
  • Honeywell International Inc. operates in the Conglomerates segment of the broader Industrials sector, which represents a $8.4 trillion global industrial market. Even modest share gains in this environ
  • Emerging markets — particularly India (1.4B people, rapidly growing middle class), Southeast Asia (700M people), and Sub-Saharan Africa — represent significant untapped addressable markets for Honeywe
  • With $12.93B in cash and strong free cash flow generation, Honeywell International Inc. is well-positioned to pursue strategic acquisitions that expand its capabilities, customer base, or geographic r
Threats
Deere & Company
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Honeywell International
  • Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. Honeywell International Inc.'s revenue is not fully insulated from macroeconomic cycles, and
  • Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on Honeywell Internati
  • Competition for skilled technology, engineering, and management talent remains intense. High employee turnover or inability to attract top talent could slow innovation and execution — particularly cri

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Deere & Company vs Honeywell International: FAQ

Is Deere & Company bigger than Honeywell International?
By market capitalization, Deere & Company is larger at $155.99B vs Honeywell International's $149.07B.
Which has better profit margins — Deere & Company or Honeywell International?
Honeywell International has higher net profit margins (12.6%) compared to Deere & Company (10.3%). Gross and operating margins are compared in the table above.
What sectors do Deere & Company and Honeywell International operate in?
Deere & Company operates in the Industrials sector (Farm & Heavy Construction Machinery). Honeywell International operates in the Industrials sector (Conglomerates).
How does Deere & Company's revenue compare to Honeywell International's?
Deere & Company generates $46.73B in annual revenue (TTM) while Honeywell International generates $37.44B. Deere & Company is the larger company by revenue as of 2026.