AGCO · Agco Corp /De - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $10.08B | $11.66B | $14.41B | $12.65B | $11.14B | $9.15B |
| Cost of Revenue | $7.52B | $8.76B | $10.63B | $9.65B | $8.57B | $7.09B |
| Gross Profit | $2.57B | $2.90B | $3.78B | $3.00B | $2.57B | $2.06B |
| R&D | $374.50M | $381.30M | $420.90M | $444.20M | $405.80M | $342.60M |
| SG&A | $1.31B | $1.40B | $1.45B | $1.19B | $1.09B | $1.00B |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $256.50M | $251.20M | $230.40M | $209.50M | $220.70M | $212.50M |
| Operating Income | $595.70M | ($122.10M) | $1.70B | $1.27B | $1.00B | $599.70M |
| Interest Expense | - | - | $68.80M | $46.00M | $25.40M | $24.90M |
| Income Tax | ($77.40M) | $98.40M | $230.40M | $296.60M | $108.40M | $187.70M |
| Net Income | $726.50M | ($424.80M) | $1.17B | $889.60M | $897.00M | $427.10M |
| EPS - Basic | $9.76 | ($5.69) | $15.66 | $11.92 | $11.93 | $5.69 |
| EPS - Diluted | $9.75 | ($5.69) | $15.63 | $11.87 | $11.85 | $5.65 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $861.80M | $612.70M | $595.50M | $789.50M | $889.10M | $1.12B |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | $2.71B | $2.73B | $3.44B | $3.19B | $2.59B | $1.97B |
| Accounts Payable | $951.00M | $813.00M | $1.21B | $1.39B | $1.08B | $855.10M |
| Current Assets | $5.20B | $5.14B | $6.34B | $5.74B | $5.01B | $4.37B |
| Total Assets | $11.93B | $11.19B | $11.42B | $10.10B | $9.18B | $8.50B |
| Current Liabilities | $3.73B | $3.83B | $4.34B | $4.09B | $3.45B | $3.36B |
| Long-term Debt | $2.32B | $2.23B | $1.38B | $1.26B | $1.41B | $1.26B |
| Total Liabilities | $7.36B | $7.15B | $6.76B | $6.22B | $5.74B | $5.49B |
| Stockholders' Equity | $4.27B | $3.74B | $4.66B | $3.88B | $3.42B | $2.98B |
| Retained Earnings | $6.05B | $5.64B | $6.36B | $5.65B | $5.18B | $4.76B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $988.10M | $689.90M | $1.10B | $838.20M | $660.20M | $896.50M |
| Investing Cash Flow | ($28.30M) | ($1.65B) | ($545.70M) | ($496.80M) | ($288.40M) | ($241.70M) |
| Financing Cash Flow | ($729.20M) | $1.05B | ($671.70M) | ($407.00M) | ($539.50M) | $22.70M |
| CapEx | $247.90M | $393.30M | $518.10M | $388.30M | $269.80M | $269.90M |
| Free Cash Flow | $740.20M | $296.60M | $585.00M | $449.90M | $390.40M | $626.60M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 25.5% | 24.9% | 26.2% | 23.7% | 23.1% | 22.5% |
| Operating margin | 5.9% | -1.0% | 11.8% | 10.0% | 9.0% | 6.6% |
| EBITDA margin | 8.5% | 1.1% | 13.4% | 11.7% | 11.0% | 8.9% |
| Net margin | 7.2% | -3.6% | 8.1% | 7.0% | 8.1% | 4.7% |
| Free cash flow margin | 7.3% | 2.5% | 4.1% | 3.6% | 3.5% | 6.8% |
| FCF / Net income | 1.02 | -0.70 | 0.50 | 0.51 | 0.44 | 1.47 |
| R&D / Revenue | 3.7% | 3.3% | 2.9% | 3.5% | 3.6% | 3.7% |
| SG&A / Revenue | 13.0% | 12.0% | 10.1% | 9.4% | 9.8% | 10.9% |
| Effective tax rate | -11.9% | - | 16.4% | 25.0% | 10.8% | 30.5% |
| Return on assets | 6.1% | -3.8% | 10.3% | 8.8% | 9.8% | 5.0% |
| Return on equity | 17.0% | -11.3% | 25.2% | 22.9% | 26.3% | 14.3% |
| Return on invested capital | 9.0% | -1.6% | 23.5% | 18.4% | 18.5% | 9.8% |
| Liquidity | ||||||
| Current ratio | 1.39 | 1.34 | 1.46 | 1.40 | 1.45 | 1.30 |
| Quick ratio | 0.67 | 0.63 | 0.67 | 0.62 | 0.70 | 0.71 |
| Cash ratio | 0.23 | 0.16 | 0.14 | 0.19 | 0.26 | 0.33 |
| Leverage | ||||||
| Debt / Equity | 0.54 | 0.60 | 0.30 | 0.33 | 0.41 | 0.42 |
| Debt / Assets | 0.19 | 0.20 | 0.12 | 0.13 | 0.15 | 0.15 |
| Debt / EBITDA | 2.73 | 17.30 | 0.71 | 0.86 | 1.15 | 1.55 |
| Interest coverage | - | - | 24.7x | 27.5x | 39.4x | 24.1x |
| Equity multiplier | 2.79 | 2.99 | 2.45 | 2.60 | 2.69 | 2.85 |
| Liabilities / Assets | 0.62 | 0.64 | 0.59 | 0.62 | 0.62 | 0.65 |
| Efficiency | ||||||
| Asset turnover | 0.85 | 1.04 | 1.26 | 1.25 | 1.21 | 1.08 |
| Inventory turnover | 2.77 | 3.21 | 3.09 | 3.03 | 3.30 | 3.59 |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | 132d | 114d | 118d | 121d | 111d | 102d |
| Days payable outstanding | 46d | 34d | 41d | 52d | 46d | 44d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 10.7x | - | 7.8x | 11.7x | 9.8x | 18.2x |
| P / B | 1.8x | 1.9x | 2.0x | 2.7x | 2.6x | 2.6x |
| P / S | 0.8x | 0.6x | 0.6x | 0.8x | 0.8x | 0.9x |
| EV / EBITDA | 10.8x | 66.6x | 5.1x | 7.4x | 7.6x | 9.8x |
| Growth | ||||||
| Revenue growth (YoY) | -13.5% | -19.1% | 13.9% | 13.6% | 21.7% | 1.2% |
| Revenue CAGR (3y) | -7.3% | 1.5% | 16.4% | 11.8% | 14.5% | - |
| Revenue CAGR (5y) | 2.0% | 5.2% | 14.2% | - | - | - |
| Gross profit growth (YoY) | -11.5% | -23.3% | 25.9% | 16.7% | 25.0% | 3.7% |
| Operating income growth (YoY) | - | - | 34.4% | 26.4% | 67.0% | 72.3% |
| Net income growth (YoY) | - | - | 31.7% | -0.8% | 110.0% | 241.1% |
| EPS growth (YoY) | - | - | 31.7% | 0.2% | 109.7% | 246.6% |
| EPS CAGR (3y) | -6.3% | - | 40.4% | 93.8% | 49.0% | 34.5% |
| EPS CAGR (5y) | 11.5% | - | 34.3% | 38.6% | 43.3% | 13.0% |
| FCF growth (YoY) | 149.6% | -49.3% | 30.0% | 15.2% | -37.7% | 48.3% |
| FCF CAGR (5y) | 3.4% | -6.8% | 8.3% | 3.8% | 18.3% | 14.9% |
| Book value growth (YoY) | 14.2% | -19.6% | 19.9% | 13.7% | 14.6% | 4.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$10.08B totalEMESegment$6.74B · 66.8%
North America Segment$1.67B · 16.5%
South America Segment$1.12B · 11.1%
APASegment$564.20M · 5.6%
Product / service
$1.67B totalTractors$657.20M · 39.4%
Application Equipment And Other Machinery Product Line$627.20M · 37.6%
Replacement Part Sales$381.10M · 22.9%
Grain Storage And Protein Production Systems$1.30M · 0.1%
Geographic
$20.60B totalEME$6.74B · 32.7%
Other Europe$1.68B · 8.1%
North America$1.67B · 8.1%
DE$1.65B · 8.0%
FR$1.32B · 6.4%
US$1.23B · 6.0%
South America$1.12B · 5.4%
BR$825.10M · 4.0%
Finland And Scandinavia$798.10M · 3.9%
APA$564.20M · 2.7%
United Kingdom And Ireland$559.20M · 2.7%
IT$456.00M · 2.2%
CA$326.70M · 1.6%
Australia And New Zealand$290.10M · 1.4%
Other South America$279.60M · 1.4%
Middle Eastand Algeria$278.10M · 1.3%
TR$262.90M · 1.3%
AR$188.40M · 0.9%
Asia$164.70M · 0.8%
Africa$109.40M · 0.5%
Mexico Central America And Caribbean$104.40M · 0.5%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.76
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Farm Machinery & Equipment
Comparing AGCO CORP /DE against the 5 most active filers in the same SIC group.
Dividends
$1.17/share trailing 12 months · +0.9% YoY
| Ex-date | Per share |
|---|---|
| May 15, 2026 | $0.3000 |
| Feb 13, 2026 | $0.2900 |
| Nov 14, 2025 | $0.2900 |
| Aug 15, 2025 | $0.2900 |
| May 15, 2025 | $0.2900 |
| Feb 14, 2025 | $0.2900 |
| Nov 15, 2024 | $0.2900 |
| Aug 15, 2024 | $0.2900 |
| May 17, 2024 | $2.5000 |
| May 14, 2024 | $0.2900 |
| Feb 14, 2024 | $0.2900 |
| Nov 14, 2023 | $0.2900 |
| Aug 14, 2023 | $0.2900 |
| May 18, 2023 | $5.0000 |
| May 12, 2023 | $0.2900 |
| Feb 14, 2023 | $0.2400 |
| Nov 14, 2022 | $0.2400 |
| Aug 12, 2022 | $0.2400 |
| May 19, 2022 | $4.5000 |
| May 13, 2022 | $0.2400 |
| Feb 14, 2022 | $0.2000 |
| Nov 12, 2021 | $0.2000 |
| Aug 13, 2021 | $0.2000 |
| May 13, 2021 | $0.2000 |