AGCO Corporation (AGCO) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$1.48	$1.43	-3.4%	—	—	—
Q4 26	$0.44	$0.94	+113.6%	—	—	—
Q3 26	$1.86	$2.17	+16.7%	—	—	—
Q2 26	$1.22	$1.35	+10.7%	—	—	—
Q1 26	$1.08	$1.35	+25.0%	—	—	—
Q4 25	$0.04	$0.41	+925.0%	—	—	—
Q3 25	$1.83	$1.97	+7.7%	—	—	—
Q2 25	$1.08	$0.68	-37.0%	—	—	—
Q1 25	$2.96	$2.53	-14.5%	—	—	—
Q4 24	$2.32	$2.32	0.0%	—	—	—
Q3 24	$4.03	$3.78	-6.2%	—	—	—
Q2 24	$3.39	$3.97	+17.1%	—	—	—
Q1 24	$3.68	$4.29	+16.6%	—	—	—
Q4 23	$2.71	$3.51	+29.5%	—	—	—
Q3 23	$3.89	$4.47	+14.9%	—	—	—
Q2 23	$3.16	$3.18	+0.6%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$9.76	—	—	$10.1B	—
FY24	—	-$5.69	—	—	$11.7B	—
FY23	—	$15.7	—	—	$14.4B	—
FY22	—	$11.9	—	—	$12.7B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$7.4B	$8.3B	$9.4B	$9B	$9.1B	$11.1B	$12.7B	$14.4B	$11.7B	$10.1B
YoY change	-0.76%	+12.1%	+12.6%	-3.32%	+1.2%	+21.7%	+13.6%	+13.9%	-19.1%	-13.5%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	7.4B	8.3B	9.4B	9B	9.1B	11.1B	12.7B	14.4B	11.7B	10.1B
Cost of revenue	5.9B	6.5B	7.4B	7.1B	7.1B	8.6B	9.7B	10.6B	8.8B	7.5B
Gross profit	1.5B	1.8B	2B	2B	2.1B	2.6B	3B	3.8B	2.9B	2.6B
Gross margin	20.5%	21.3%	21.4%	21.9%	22.5%	23.1%	23.7%	26.2%	24.9%	25.5%
Research & development	297.6M	323.4M	355.2M	343.4M	342.6M	405.8M	444.2M	548.8M	493M	487.7M
Selling, general & administrative	864.6M	964.7M	1.1B	1B	1B	1.1B	1.2B	1.5B	1.4B	1.3B
Operating expenses	1.5B	1.6B	1.8B	1.7B	1.7B	1.5B	1.6B	2B	1.9B	1.8B
Operating income	302.1M	420.2M	507.4M	539.5M	653.9M	1B	1.3B	1.7B	927.4M	698.7M
Operating margin	4.08%	5.06%	5.43%	5.97%	7.15%	9.13%	10.3%	11.9%	7.95%	6.93%
Non-operating income, net	-45.1M	-91.3M	-93.3M	-258.5M	-76.9M	-65.7M	-187.3M	-378.3M	-1.3B	-30.3M
Pretax income	204.9M	283.8M	360.3M	261.1M	562M	944.3M	1.1B	1.3B	-433.6M	602M
Income tax	92.2M	133.6M	110.9M	180.8M	187.7M	108.4M	296.6M	230.4M	98.4M	-77.4M
Net income	160.2M	189.3M	283.7M	122.8M	419.8M	901.5M	874.7M	1.2B	-485.6M	719M
Net margin	2.16%	2.28%	3.03%	1.36%	4.59%	8.09%	6.91%	8.13%	-4.16%	7.13%
EBITDA	560M	633.9M	730.5M	753.3M	913.1M	1.3B	1.5B	1.7B	1.1B	1.2B
EPS	1.97	2.34	3.62	1.64	5.69	11.9	11.9	15.7	-5.69	9.76
Diluted EPS	1.96	2.32	3.58	1.63	5.65	11.8	11.9	15.6	-5.69	9.75

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	3.5B	3.8B	2.9B	3.2B	2.6B	2.9B	2.1B	2.6B	2.5B	2.9B	2.3B	2.6B
Cost of revenue	2.5B	2.8B	2.2B	2.4B	2B	2.2B	1.5B	2B	1.8B	2.2B	1.8B	2B
Gross profit	934M	982.8M	769.8M	837.5M	603.1M	688.7M	520.6M	658.6M	646.5M	741.1M	581.4M	645.9M
Gross margin	27%	25.9%	26.3%	25.8%	23.2%	23.9%	25.4%	25%	26.1%	25.4%	24.8%	24.7%
Research & development	139.6M	150.8M	130.9M	137.8M	121.3M	103M	116M	117.8M	123M	130.9M	132.6M	141.2M
Selling, general & administrative	355.6M	421.3M	350.4M	379.8M	344.3M	323.2M	325.8M	326.4M	340.8M	316.3M	339.1M	335.7M
Operating expenses	495.2M	572.1M	481.3M	517.6M	465.6M	426.2M	441.8M	444.2M	463.8M	447.2M	471.7M	476.9M
Operating income	424.4M	396.3M	274.6M	288.2M	128.7M	235.9M	63.5M	198.7M	159.7M	276.8M	92.8M	151.9M
Operating margin	12.3%	10.4%	9.38%	8.88%	4.95%	8.17%	3.1%	7.54%	6.45%	9.48%	3.96%	5.82%
Non-operating income, net	-85M	-152.9M	-51.8M	-595.2M	-66.2M	-554.8M	-46.4M	-83.6M	200.3M	-100.6M	-38.6M	-26.7M
Pretax income	333.9M	250.6M	220.9M	-336.9M	28.6M	-346.2M	-1.4M	97.3M	344.5M	161.6M	39M	108.2M
Income tax	75.3M	-76.1M	69.1M	41.6M	11.9M	-24.2M	2M	-205.5M	48.8M	77.3M	4.6M	40.4M
Net income	280.5M	339M	168M	-368.9M	28.9M	-313.6M	8.7M	314.4M	302.7M	93.2M	52.4M	74.8M
Net margin	8.12%	8.92%	5.74%	-11.4%	1.11%	-10.9%	0.42%	11.9%	12.2%	3.19%	2.24%	2.87%
EBITDA	413.4M	386.7M	301M	319.8M	146.1M	340.5M	107M	229.6M	453.8M	365.2M	149.9M	220.6M
EPS	3.75	4.54	2.25	-4.92	0.4	-3.42	0.14	4.22	4.1	1.3	0.76	1.08
Diluted EPS	3.74	4.53	2.25	-4.92	0.4	-3.42	0.14	4.22	4.09	1.3	0.76	1.08

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	4.7B	5.7B	4.4B	5.9B	7.7B	8.7B	10.3B	9.1B	7B	7.8B	8.2B
Enterprise value	6B	7B	5.5B	7B	8.4B	9.5B	11.1B	10B	9.1B	9.5B	10.9B
Shares outstanding	81.4M	79.5M	78.8M	76.2M	75M	75.2M	74.6M	74.8M	74.6M	74.4M	74.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	29.4	30	15.5	47.9	18.4	9.68	11.8	7.75	—	10.8	16.3
P/S	0.64	0.68	0.47	0.65	0.85	0.78	0.82	0.63	0.6	0.77	0.8
P/B	1.66	1.83	1.47	2.02	2.56	2.53	2.66	1.95	1.72	1.7	2.02
EV/EBITDA	10.7	11.1	7.59	9.23	9.16	7.47	7.61	5.87	8.25	8.19	10.7
EV/Sales	0.81	0.85	0.59	0.77	0.91	0.85	0.88	0.69	0.78	0.94	1.05
Earnings yield	3.4%	3.33%	6.47%	2.09%	5.43%	10.3%	8.45%	12.9%	—	9.26%	6.15%
FCF yield	3.58%	6.58%	8.95%	7.18%	8.1%	4.47%	4.35%	6.44%	4.25%	9.54%	5.47%
PEG	—	—	—	—	—	—	—	—	—	—	-0.22

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	20.5%	21.3%	21.4%	21.9%	22.5%	23.1%	23.7%	26.2%	24.9%	25.5%	24.7%
Operating margin	4.08%	5.06%	5.43%	5.97%	7.15%	9.13%	10.3%	11.9%	7.95%	6.93%	5.73%
Net margin	2.16%	2.28%	3.03%	1.36%	4.59%	8.09%	6.91%	8.13%	-4.16%	7.13%	5.15%
ROE	5.65%	6.12%	9.48%	4.22%	13.9%	26.2%	22.5%	25.2%	-12%	15.7%	11.8%
ROA	2.23%	2.37%	3.72%	1.58%	4.94%	9.82%	8.66%	10.3%	-4.34%	6.03%	3.47%
ROIC	4.05%	5.01%	8.46%	4.18%	11.9%	21.5%	20.4%	25.4%	14.9%	11.1%	7.57%
Return on tangible assets	5%	5.27%	8.13%	2.95%	8.43%	15.4%	13%	14.4%	-7.97%	10.6%	7.67%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.48	1.37	1.28	1.29	1.3	1.45	1.4	1.46	1.34	1.39	1.32
Quick ratio	0.77	0.66	0.59	0.57	0.71	0.7	0.62	0.67	0.63	0.67	0.58
Debt / equity	0.6	0.55	0.5	0.51	0.58	0.47	0.41	0.33	0.69	0.56	0.66
Debt / assets	0.24	0.21	0.19	0.19	0.2	0.18	0.16	0.13	0.25	0.21	0.24
Net debt / EBITDA	2.26	2.12	1.59	1.41	0.69	0.58	0.55	0.55	1.95	1.47	1.9
Interest coverage	4.13	6.21	6.82	10.1	23.6	38.2	25.1	20.4	-1.72	5.89	6.49
Effective tax rate	45%	47.1%	30.8%	69.2%	33.4%	11.5%	26.8%	17.3%	0%	0%	26.2%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	91	104.5	118.7	118.7	122	148.1	169.6	192.7	156.3	135.5	141.8
EPS (basic)	1.97	2.34	3.62	1.64	5.69	11.9	11.9	15.7	-5.69	9.76	9.76
EPS (diluted)	1.96	2.32	3.58	1.63	5.65	11.8	11.9	15.6	-5.69	9.75	7.23
Book value per share	34.9	38.9	38	38.1	40.2	45.8	52	62.3	54.2	61.5	58.3
FCF per share	2.07	4.7	4.98	5.54	8.35	5.19	6.03	7.82	3.98	9.95	4.64
Cash per share	5.28	4.63	4.14	5.64	14.8	11.7	10.6	7.95	8.2	11.6	8.19
Capex per share	2.44	2.51	2.54	3.52	3.57	3.5	5.17	6.77	5.24	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.68%	2.41%	2.14%	2.97%	2.93%	2.37%	3.05%	3.51%	3.35%	—	—
Capex / operating cash flow	62.7%	51.6%	48.4%	66.3%	36.5%	62.6%	68.8%	89%	2.8K%	—	—
Payout ratio	26.5%	23.5%	16.6%	39.1%	11.4%	39.8%	46.2%	39.1%	-56.2%	12%	16.2%
Dividend yield	0.9%	0.78%	1.07%	0.82%	0.62%	4.11%	3.91%	5.04%	3.92%	1.11%	1.02%

Yield

1.02%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.30

ex-dividend Aug 14, 2026

Payout ratio

16%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 14, 2026	$0.30
May 15, 2026	$0.30
Feb 13, 2026	$0.29
Nov 14, 2025	$0.29

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$3.5B	$3.8B	$2.9B	$3.2B	$2.6B	$2.9B	$2.1B	$2.6B	$2.5B	$2.9B	$2.3B	$2.6B
YoY change	+10.7%	-2.52%	-12.1%	-15.1%	-24.8%	-24%	-30%	-18.8%	-4.73%	+1.14%	+14.3%	-0.96%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	429.7M	367.7M	326.1M	429.6M	1.1B	882.2M	787.5M	595M	612M	861.1M
Receivables	890.4M	1B	880.3M	800.5M	856M	991.5M	1.2B	1.6B	1.3B	1.1B
Inventory	1.5B	1.9B	1.9B	2.1B	2B	2.6B	3.2B	3.4B	2.7B	2.7B
Total current assets	3.2B	3.6B	3.5B	3.7B	4.4B	5B	5.7B	6.3B	5.1B	5.2B
Property, plant & equipment	679.5M	693.3M	604M	795.5M	773.9M	743M	834.4M	1.1B	989.2M	1B
Goodwill & intangibles	4B	4.4B	4.1B	3.6B	3.5B	3.3B	3.4B	3.3B	5.1B	5.1B
Total assets	7.2B	8B	7.6B	7.8B	8.5B	9.2B	10.1B	11.4B	11.2B	11.9B
Accounts payable	722.6M	917.5M	865.9M	914.8M	855.1M	1.1B	1.4B	1.2B	813M	951M
Short-term debt	85.4M	95.4M	210.6M	153.4M	359.7M	92.9M	196M	15M	415.2M	117.7M
Total current liabilities	2.1B	2.7B	2.8B	2.9B	3.4B	3.5B	4.1B	4.3B	3.8B	3.7B
Long-term debt	1.6B	1.6B	1.3B	1.3B	1.4B	1.5B	1.4B	1.5B	2.4B	2.4B
Total liabilities	4.3B	4.9B	4.6B	4.9B	5.5B	5.7B	6.2B	6.8B	7.1B	7.4B
Shareholders' equity	2.8B	3.1B	3B	2.9B	3B	3.4B	3.9B	4.7B	4B	4.6B
Total debt	1.7B	1.7B	1.5B	1.5B	1.7B	1.6B	1.6B	1.5B	2.8B	2.6B
Net debt	1.3B	1.3B	1.2B	1.1B	630.6M	737.4M	798.7M	931.6M	2.2B	1.7B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	—	—	—	884.1M	861.1M	514.9M	573.4M
Receivables	—	—	—	—	—	—	—	—	1.2B	1.1B	1.2B	1.2B
Inventory	3.7B	3.4B	3.8B	3.5B	3.4B	2.7B	3B	3.1B	3.1B	2.7B	3B	3B
Total current assets	—	—	—	—	—	—	—	—	5.7B	5.2B	5.3B	5.3B
Property, plant & equipment	—	—	—	—	—	—	—	—	2.1B	1B	2.1B	2.1B
Goodwill & intangibles	—	—	—	—	—	—	—	—	5.2B	5.1B	5.1B	5.1B
Total assets	—	—	—	—	—	—	—	—	12.5B	11.9B	12B	11.9B
Accounts payable	—	—	—	—	—	—	—	—	986.7M	951M	1.1B	1B
Short-term debt	—	—	—	—	—	—	—	—	109.2M	117.7M	555.5M	546.7M
Total current liabilities	—	—	—	—	—	—	—	—	3.6B	3.7B	4.1B	4B
Long-term debt	—	—	—	—	—	—	—	—	2.9B	2.4B	2.1B	2.3B
Total liabilities	—	—	—	—	—	—	—	—	7.7B	7.4B	7.4B	7.5B
Shareholders' equity	—	—	—	—	—	—	—	—	4.8B	4.6B	4.6B	4.4B
Total debt	—	—	—	—	—	—	—	—	3B	2.6B	2.7B	2.8B
Net debt	—	—	—	—	—	—	—	—	2.1B	1.7B	2.2B	2.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	160.2M	189.3M	283.7M	122.8M	419.8M	901.5M	874.7M	1.2B	-485.6M	719M
Depreciation & amortization	274.6M	279.8M	289.9M	272M	272M	281.8M	269.6M	288.1M	332.2M	327.6M
Stock-based compensation	18.1M	38.2M	46.3M	41.3M	37.6M	27.4M	34M	46.4M	18.4M	28.4M
Change in working capital	-140.7M	-108.8M	-194.5M	-53.3M	9.5M	-692.4M	-576.2M	-679.2M	219.7M	609.7M
Operating cash flow	316.6M	387.4M	413.3M	404.8M	734.9M	420.9M	560.3M	568.9M	14.2M	988.1M
Capital expenditure	-198.6M	-199.8M	-200.1M	-268.5M	-268M	-263.5M	-385.7M	-506.3M	-391.2M	—
Investing cash flow	-598.3M	-493.7M	-205.5M	-271.6M	-241.7M	-288.4M	-496.8M	-545.7M	-1.7B	217.6M
Dividends paid	-42.5M	-44.5M	-47.1M	-48M	-48M	-358.5M	-404.3M	-457.4M	-273.1M	-86.5M
Share repurchases	-212.5M	0	-184.3M	-130M	-55M	-135M	0	-53M	-22M	-250M
Financing cash flow	236.4M	-176.7M	-413.3M	-313.4M	22.7M	-539.5M	-407M	-671.7M	1B	-729.2M
Net change in cash	-45.3M	-283M	-205.5M	-180.2M	515.9M	-407M	-343.5M	-648.5M	-590.7M	476.5M
Free cash flow	168.5M	373.7M	392.6M	422.5M	626.6M	390.4M	449.9M	585M	296.6M	740.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	280.5M	339M	168M	-368.9M	28.9M	-313.6M	8.7M	314.4M	302.7M	93.2M	52.4M	74.8M
Depreciation & amortization	73.2M	75.9M	77.2M	96.9M	69.7M	88.4M	75.8M	79.8M	85.7M	86.3M	83.6M	84.2M
Stock-based compensation	10.2M	8.9M	8.4M	7.7M	5.2M	-2.9M	7.3M	10.6M	7.1M	3.4M	10.4M	17.5M
Change in working capital	129.6M	360.8M	-259.6M	-154.5M	39.2M	594.6M	112.6M	79M	-30.1M	448.2M	-267.1M	-42.9M
Operating cash flow	464.3M	565M	4.4M	-435M	143M	301.8M	183.7M	365.7M	71M	763.6M	-410.4M	165.4M
Capital expenditure	-115.9M	-153.8M	-94.8M	-96.9M	-85.8M	-113.7M	-47.1M	—	—	—	—	—
Investing cash flow	-111.1M	-167M	-94.8M	-2B	-87.3M	508.5M	-51.3M	-14.6M	257.6M	-21.2M	-21.1M	159.3M
Dividends paid	-21.7M	-21.6M	-21.6M	-208.3M	-21.6M	-21.6M	-21.6M	-21.7M	-21.6M	-21.6M	-21M	-21M
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-223.3M	-729.9M	2.3B	-1.6M	15.9M	-1.3B	205.2M	-107.1M	-150.8M	-426.5M	130.1M	141.3M
Net change in cash	129.9M	-331.9M	2.2B	-2.4B	71.6M	-473.5M	337.6M	244M	177.8M	315.9M	-301.4M	466M
Free cash flow	447M	740M	-465M	137.5M	-59.8M	683.9M	-260.4M	323.5M	2.1M	675M	-455M	108.2M

Date	Ratio
Feb 1, 1996	2:1
Dec 16, 1994	3:2

AGCO Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history