NYSE : AGCO

AGCO Corporation — Financial statements

Industrials · Farm & Heavy Construction Machinery · United States

Last price 107.84 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 7.55B

Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports

Financial statements

AGCO Corporation (AGCO) reported revenue of 10.14B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Revenue10.14B10.08B11.66B14.41B12.65B11.14B
Cost of Revenue7.60B7.52B8.76B10.63B9.65B8.57B
Gross Profit2.53B2.57B2.90B3.78B3.00B2.57B
Selling, General & Admin1.30B1.32B1.40B1.45B1.20B1.09B
Research & Development526.60M487.70M493.00M548.80M444.20M405.80M
Amortization of Goodwill & Intangibles68.20M71.10M81.00M57.70M60.10M61.10M
Operating Expenses1.90B1.88B1.98B2.06B1.70B1.56B
Operating Income635.90M687.50M921.20M1.72B1.30B1.02B
Interest Expense-118.10M-123.00M-159.30M-68.80M-46.00M-25.40M
Interest & Investment Income56.60M56.60M66.30M64.20M33.00M18.70M
Earnings From Equity Investments41.00M39.60M46.40M68.20M64.10M65.60M
Currency Exchange Gain (Loss)65.50M24.30M-49.30M29.90M-38.20M54.80M
Other Non Operating Income (Expenses)64.80M59.60M-144.70M-380.50M-99.70M-106.70M
EBT Excluding Unusual Items745.70M744.60M680.60M1.43B1.21B1.02B
Merger & Restructuring Charges-72.60M-82.20M-195.80M-27.90M-6.10M-15.30M
Gain (Loss) on Sale of Assets1.50M-10.80M-507.30M
Asset Writedown-4.80M-10.00M-369.50M-4.10M-36.00M
Other Unusual Items-200.00K1.20M
Pretax Income417.90M641.60M-387.20M1.40B1.17B1.01B
Income Tax Expense147.50M-77.40M98.40M230.40M296.60M108.40M
Earnings From Continuing Operations270.40M719.00M-485.60M1.17B874.70M901.50M
Minority Interest in Earnings9.00M7.50M60.80M100.00K14.90M-4.50M
Net Income279.40M726.50M-424.80M1.17B889.60M897.00M
Net Income to Common279.40M726.50M-424.80M1.17B889.60M897.00M
Shares Outstanding (Basic)71.70M74.40M74.60M74.80M74.60M75.20M
Shares Outstanding (Diluted)71.80M74.50M74.70M74.90M74.90M75.70M
EPS (Basic)3.909.76-5.6915.6611.9211.93
EPS (Diluted)3.899.75-5.6915.6311.8711.85
Free Cash Flow294.40M740.20M296.60M585.00M449.90M390.40M
Free Cash Flow Per Share4.109.943.977.816.015.16
Dividend Per Share1.181.161.161.110.920.76
Gross Margin25.00%25.46%24.86%26.21%23.72%23.09%
Operating Margin6.27%6.82%7.90%11.94%10.28%9.13%
Profit Margin2.76%7.21%-3.64%8.13%7.03%8.05%
Free Cash Flow Margin2.90%7.34%2.54%4.06%3.56%3.50%
EBITDA972.20M1.02B1.25B2.01B1.57B1.30B
EBITDA Margin9.59%10.07%10.75%13.94%12.41%11.66%
D&A For EBITDA336.30M327.60M332.20M288.10M269.60M281.80M
EBIT635.90M687.50M921.20M1.72B1.30B1.02B
EBIT Margin6.27%6.82%7.90%11.94%10.28%9.13%
Effective Tax Rate35.30%16.44%25.32%10.73%
Advertising Expenses40.90M53.40M56.40M50.90M54.20M

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents415.10M861.80M612.70M595.50M789.50M889.10M
Cash & Short-Term Investments415.10M861.80M612.70M595.50M789.50M889.10M
Receivables1.23B1.08B1.27B1.61B1.22B991.50M
Inventory3.00B2.71B2.73B3.44B3.19B2.59B
Other Current Assets540.80M545.60M526.60M699.30M538.80M539.80M
Total Current Assets5.19B5.20B5.14B6.34B5.74B5.01B
Property, Plant & Equipment2.09B2.16B1.99B2.10B1.76B1.62B
Long-Term Investments497.30M609.90M519.60M512.70M436.90M413.50M
Goodwill1.88B1.90B1.82B1.33B1.31B1.28B
Other Intangible Assets627.30M673.00M728.90M308.80M364.40M392.20M
Long-Term Deferred Tax Assets1.00B905.50M561.00M481.60M228.50M169.30M
Other Long-Term Assets458.50M481.00M435.20M346.80M268.70M293.30M
Total Assets11.75B11.93B11.19B11.42B10.10B9.18B
Accounts Payable1.02B951.00M813.00M1.21B1.39B1.08B
Accrued Expenses1.62B1.57B1.47B1.78B1.35B1.25B
Short-Term Debt76.90M56.10M90.40M12.70M90.80M
Current Portion of Long-Term Debt459.20M61.60M324.80M2.30M196.00M2.10M
Current Portion of Leases42.10M48.20M45.50M45.90M42.90M46.10M
Current Income Taxes Payable249.80M239.50M401.20M344.80M282.50M
Other Current Liabilities727.40M795.30M842.50M894.30M772.10M701.50M
Total Current Liabilities3.94B3.73B3.83B4.34B4.09B3.45B
Long-Term Debt2.14B2.32B2.23B1.38B1.26B1.41B
Long-Term Leases133.70M127.80M132.60M139.80M130.80M121.50M
Pension & Post-Retirement Benefits166.80M169.20M155.60M170.50M158.00M209.00M
Long-Term Deferred Tax Liabilities123.60M126.50M125.00M122.60M112.00M116.90M
Other Long-Term Liabilities885.00M879.40M675.20M610.70M467.50M425.10M
Total Liabilities7.39B7.36B7.15B6.76B6.22B5.74B
Common Stock700.00K700.00K700.00K700.00K700.00K700.00K
Additional Paid-In Capital1.30M500.00K4.10M30.20M3.90M
Retained Earnings5.79B6.05B5.64B6.36B5.65B5.18B
Comprehensive Income & Other-1.73B-1.77B-1.90B-1.71B-1.80B-1.77B
Total Common Equity4.07B4.27B3.74B4.66B3.88B3.42B
Minority Interest290.40M299.20M300.10M100.00K200.00K27.90M
Shareholders' Equity4.36B4.57B4.04B4.66B3.88B3.44B
Total Liabilities & Equity11.75B11.93B11.19B11.42B10.10B9.18B
Total Debt2.85B2.62B2.83B1.58B1.63B1.67B
Net Cash (Debt)-2.44B-1.75B-2.21B-982.40M-845.00M-782.60M
Net Cash Per Share-33.95-23.56-29.64-13.12-11.28-10.34
Filing Date Shares Outstanding68.95M72.40M74.58M74.62M74.85M74.54M
Total Common Shares Outstanding68.95M72.63M74.42M74.52M74.60M74.44M
Working Capital1.25B1.47B1.31B2.00B1.65B1.56B
Book Value Per Share58.9658.8450.2962.4952.0445.89
Tangible Book Value1.56B1.70B1.19B3.01B2.21B1.74B
Tangible Book Value Per Share22.5823.4316.0440.4529.5923.41
Land162.50M141.80M154.00M141.10M141.00M
Buildings1.13B998.30M1.04B920.70M875.90M
Machinery3.57B3.12B3.39B2.97B2.87B

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income279.40M726.50M-424.80M1.17B889.60M897.00M
Depreciation & Amortization336.30M327.60M332.20M288.10M269.60M281.80M
Loss (Gain) From Sale of Assets-1.50M10.80M507.30M
Asset Writedown & Restructuring Costs4.80M10.00M369.50M4.10M36.00M
Loss (Gain) From Sale of Investments-251.90M
Loss (Gain) on Equity Investments-22.70M-20.60M-29.40M-36.40M-40.80M-1.90M
Stock-Based Compensation38.00M28.40M18.40M46.40M34.00M27.40M
Other Operating Activities-107.40M-338.30M-112.80M-257.80M-56.70M-92.90M
Change in Accounts Receivable-31.40M231.00M59.10M-443.80M-306.10M-207.70M
Change in Inventory48.50M237.50M308.80M-164.40M-668.30M-762.60M
Change in Accounts Payable47.90M43.40M-224.90M-191.60M322.10M292.20M
Change in Other Net Operating Assets-46.70M-16.30M-113.50M687.10M358.80M226.90M
Operating Cash Flow545.20M988.10M689.90M1.10B838.20M660.20M
Capital Expenditures-250.80M-247.90M-393.30M-518.10M-388.30M-269.80M
Sale of Property, Plant & Equipment600.00K2.00M2.10M11.80M2.60M6.30M
Cash Acquisitions-1.90B-9.80M-111.30M-22.60M
Divestitures10.50M-1.80M630.70M
Investment in Securities131.40M236.80M-7.40M-21.60M4.00M13.10M
Other Investing Activities-25.40M-17.40M21.20M-8.00M-3.80M-15.40M
Investing Cash Flow-133.70M-28.30M-1.65B-545.70M-496.80M-288.40M
Long-Term Debt Issued57.00M1.88B329.80M410.50M2.50B
Long-Term Debt Repaid-436.70M-513.40M-458.60M-377.50M-2.50B
Net Debt Issued (Repaid)-127.80M-379.70M1.36B-128.80M33.00M-3.80M
Repurchase of Common Stock-663.00M-263.00M-36.10M-74.60M-20.60M-169.90M
Common Dividends Paid-84.30M-86.50M-86.50M-83.00M-68.60M-57.00M
Other Financing Activities-7.60M-10.90M-15.10M-7.30M
Financing Cash Flow-875.10M-729.20M1.05B-671.70M-407.00M-539.50M
Foreign Exchange Rate Adjustments-5.40M18.50M-67.80M-79.70M-34.00M-62.30M
Net Cash Flow-469.00M249.10M17.20M-194.00M-99.60M-230.00M
Free Cash Flow294.40M740.20M296.60M585.00M449.90M390.40M
Free Cash Flow Margin2.90%7.34%2.54%4.06%3.56%3.50%
Free Cash Flow Per Share4.109.943.977.816.015.16
Levered Free Cash Flow400.52M850.01M736.09M486.94M407.88M142.65M
Unlevered Free Cash Flow474.34M926.89M835.65M529.94M436.62M158.53M
Cash Interest Paid121.90M121.90M125.50M60.50M45.10M23.80M
Cash Income Tax Paid283.10M283.10M344.00M463.60M304.00M247.30M
Change in Working Capital18.30M495.60M29.50M-112.70M-293.50M-451.20M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization7.65B7.78B6.98B9.09B10.35B8.68B
Enterprise Value10.08B10.22B10.91B10.61B12.10B9.96B
Last Close Price110.91103.5291.73115.14125.01100.02
PE Ratio28.5110.717.7611.639.68
Forward PE17.1018.6921.379.0710.4012.09
PS Ratio0.750.770.600.630.820.78
PB Ratio1.881.701.731.952.672.52
P/TBV Ratio4.914.585.853.024.694.98
P/FCF Ratio25.9810.5223.5315.5423.0022.24
P/OCF Ratio14.037.8810.118.2412.3413.15
PEG Ratio0.720.7727.721.611.030.42
EV/Sales Ratio1.001.010.940.740.960.89
EV/EBITDA Ratio10.3710.078.715.287.717.67
EV/EBIT Ratio15.8614.8711.856.179.319.79
EV/FCF Ratio34.2613.8136.7918.1426.9025.52
Debt / Equity Ratio0.660.570.700.340.420.48
Debt / EBITDA Ratio2.702.382.110.751.001.21
Debt / FCF Ratio9.693.549.532.703.634.28
Net Debt / Equity Ratio0.560.380.550.210.220.23
Net Debt / EBITDA Ratio2.511.731.770.490.540.60
Net Debt / FCF Ratio8.282.377.461.681.882.00
Asset Turnover0.840.871.031.341.311.26
Inventory Turnover2.502.762.843.213.343.75
Quick Ratio0.420.520.490.510.490.54
Current Ratio1.321.391.341.461.401.45
Return on Equity (ROE)5.91%16.69%-11.16%27.43%23.88%27.90%
Return on Assets (ROA)3.28%3.72%5.09%9.99%8.43%7.19%
Return on Invested Capital (ROIC)6.10%10.93%15.49%27.74%21.69%22.91%
Return on Capital Employed (ROCE)8.10%8.40%12.50%24.30%21.60%17.80%
Earnings Yield3.51%9.33%-6.09%12.88%8.60%10.33%
FCF Yield3.85%9.51%4.25%6.44%4.35%4.50%
Dividend Yield1.08%1.08%1.24%0.91%0.66%0.65%
Payout Ratio30.85%11.91%7.09%7.71%6.35%
Buyback Yield / Dilution3.98%0.27%0.27%-0.27%1.06%-0.13%
Total Shareholder Return5.06%1.35%1.50%0.64%1.72%0.52%