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AGCO (AGCO) Financials

AGCO logo
$117.46 +1.50 (+1.29%)
Closing price 05/14/2026 03:59 PM Eastern
Extended Trading
$117.36 -0.09 (-0.08%)
As of 05/14/2026 04:12 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for AGCO

Annual Income Statements for AGCO

This table shows AGCO's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 266 160 186 286 125 427 897 890 1,171 -425 727
Consolidated Net Income / (Loss)		 264 160 189 284 123 420 902 875 1,171 -486 719
Net Income / (Loss) Continuing Operations		 264 160 189 284 123 420 902 875 1,171 -486 719
Total Pre-Tax Income 		279 205 284 360 261 562 944 1,107 1,334 -434 602
Total Operating Income		 361 287 404 489 348 600 1,001 1,265 1,700 385 596
Total Gross Profit		 1,561 1,512 1,761 1,990 1,979 2,043 2,572 3,001 3,777 2,899 2,567
Total Revenue		 7,467 7,411 8,307 9,352 9,041 9,150 11,138 12,651 14,412 11,662 10,082
Operating Revenue		 7,467 7,411 8,307 9,352 9,041 9,150 11,138 12,651 14,412 11,662 10,082
Total Cost of Revenue		 5,907 5,898 6,546 7,362 7,063 7,107 8,566 9,650 10,635 8,763 7,515
Operating Cost of Revenue		 5,907 5,895 6,541 7,355 7,057 7,092 8,566 9,650 10,635 8,763 7,515
Total Operating Expenses		 1,200 1,225 1,356 1,501 1,630 1,443 1,571 1,736 2,077 2,514 1,960
Selling, General & Admin Expense		 852 865 965 1,069 1,040 1,002 1,089 1,190 1,455 1,398 1,309
Amortization Expense		 43 51 57 65 61 60 61 60 58 81 71
Other Operating Expenses / (Income)		 - - - - - - 406 444 549 493 488
Impairment Charge		 - - 0.00 0.00 177 20 0.00 36 4.10 370 10
Restructuring Charge		 22 12 11 12 9.00 20 15 6.10 12 173 82
Total Other Income / (Expense), net		 -82 -82 -121 -129 -87 -38 -57 -158 -367 -819 -4.50
Interest & Investment Income		 - - - - - - - -13 -4.60 -93 -66
Other Income / (Expense), net		 -36 -30 -76 -75 -67 -23 -50 -145 -362 -726 62
Income Tax Expense		 73 92 134 111 181 188 108 297 230 98 -77
Other Gains / (Losses), net		 57 48 39 34 43 46 66 64 68 46 40
Net Income / (Loss) Attributable to Noncontrolling Interest		 -2.40 0.10 2.90 -1.80 -2.40 -7.30 4.50 -15 -0.10 -61 -7.50
Basic Earnings per Share		 $3.06 $1.97 $2.34 $3.62 $1.64 $5.69 $11.93 $11.92 $15.66 ($5.69) $9.76
Weighted Average Basic Shares Outstanding		 87M 81.40M 79.50M 78.80M 76.20M 75M 75.20M 74.60M 74.80M 74.60M 74.40M
Diluted Earnings per Share		 $3.06 $1.96 $2.32 $3.58 $1.63 $5.65 $11.85 $11.87 $15.63 ($5.69) $9.75
Weighted Average Diluted Shares Outstanding		 87.10M 81.70M 80.20M 79.70M 77M 75.60M 75.70M 74.90M 74.90M 74.70M 74.50M
Weighted Average Basic & Diluted Shares Outstanding		 87.10M 81.30M 79.70M 78.90M 75.47M 75.22M 74.54M 74.85M 74.62M 74.58M 72.40M
Cash Dividends to Common per Share		 $0.48 $0.52 $0.56 $0.60 $0.63 $0.63 $4.74 $10.80 $12.20 $7.32 $2.32

Quarterly Income Statements for AGCO

This table shows AGCO's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 281 339 168 -367 30 -256 11 315 306 96 55
Consolidated Net Income / (Loss)		 281 339 168 -369 29 -314 8.70 314 303 93 52
Net Income / (Loss) Continuing Operations		 281 339 168 -369 29 -314 8.70 314 303 93 52
Total Pre-Tax Income 		334 251 221 -337 29 -346 -1.40 97 345 162 39
Total Operating Income		 424 393 274 253 115 239 49 164 152 231 81
Total Gross Profit		 934 983 770 838 603 689 521 659 647 741 581
Total Revenue		 3,456 3,801 2,929 3,247 2,599 2,887 2,051 2,635 2,476 2,920 2,343
Operating Revenue		 3,456 3,801 2,929 3,247 2,599 2,887 2,051 2,635 2,476 2,920 2,343
Total Cost of Revenue		 2,522 2,818 2,159 2,409 1,996 2,199 1,530 1,976 1,830 2,179 1,762
Operating Cost of Revenue		 2,522 2,818 2,159 2,409 1,996 2,199 1,530 1,976 1,830 2,179 1,762
Total Operating Expenses		 510 590 496 585 485 450 471 482 495 512 501
Selling, General & Admin Expense		 356 417 350 380 344 323 326 326 341 316 339
Amortization Expense		 14 14 14 32 8.80 27 15 16 23 17 17
Other Operating Expenses / (Income)		 140 151 131 138 121 103 116 118 123 131 133
Impairment Charge		 0.00 - 0.00 5.10 0.20 - 1.10 6.80 -0.60 2.70 2.10
Restructuring Charge		 0.80 3.60 1.00 30 11 131 13 16 8.70 45 10
Total Other Income / (Expense), net		 -90 -143 -53 -590 -89 -585 -51 -79 193 -68 -42
Interest & Investment Income		 -5.50 - -1.90 -30 -34 - -19 -18 -16 -15 -15
Other Income / (Expense), net		 -84 -150 -51 -560 -56 -557 -32 -61 208 -53 -27
Income Tax Expense		 75 -76 69 42 12 -24 2.00 -206 49 77 4.60
Other Gains / (Losses), net		 22 12 16 9.60 12 8.40 12 12 7.00 8.90 18
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.10 - 0.00 -1.80 -1.10 -58 -1.80 -0.40 -3.00 -2.30 -2.60
Basic Earnings per Share		 $3.75 $4.54 $2.25 ($4.92) $0.40 ($3.42) $0.14 $4.22 $4.10 $1.30 $0.76
Weighted Average Basic Shares Outstanding		 74.90M 74.80M 74.60M 74.60M 74.60M 74.60M 74.60M 74.60M 74.60M 74.40M 72.50M
Diluted Earnings per Share		 $3.74 $4.53 $2.25 ($4.92) $0.40 ($3.42) $0.14 $4.22 $4.09 $1.30 $0.76
Weighted Average Diluted Shares Outstanding		 75M 74.90M 74.70M 74.70M 74.70M 74.70M 74.70M 74.60M 74.70M 74.50M 72.70M
Weighted Average Basic & Diluted Shares Outstanding		 74.88M 74.62M 74.62M 74.64M 74.65M 74.58M 74.59M 74.62M 74.62M 72.40M 72.41M
Cash Dividends to Common per Share		 $0.58 $6.10 $0.58 $5.58 $0.58 $3.66 $0.58 $0.58 $0.58 $0.58 $0.58

Annual Cash Flow Statements for AGCO

This table details how cash moves in and out of AGCO's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 63 3.00 -93 -23 107 686 -230 -100 -194 17 249
Net Cash From Operating Activities		 524 370 578 596 696 897 660 838 1,103 690 988
Net Cash From Continuing Operating Activities		 524 370 578 596 696 897 660 838 1,103 690 988
Net Income / (Loss) Continuing Operations		 264 160 189 284 123 420 902 875 1,171 -486 719
Consolidated Net Income / (Loss)		 264 160 189 284 123 420 902 875 1,171 -486 719
Depreciation Expense		 217 223 223 225 211 213 221 210 230 251 257
Amortization Expense		 45 51 57 65 61 60 61 60 58 81 71
Non-Cash Adjustments To Reconcile Net Income		 -6.90 26 82 70 225 6.50 46 45 21 917 -188
Changes in Operating Assets and Liabilities, net		 5.00 -92 26 -48 76 198 -569 -352 -377 -73 129
Net Cash From Investing Activities		 -241 -598 -494 -206 -272 -242 -288 -497 -546 -1,650 -28
Net Cash From Continuing Investing Activities		 -241 -598 -494 -206 -272 -242 -288 -497 -546 -1,650 -28
Purchase of Property, Plant & Equipment		 -211 -201 -204 -203 -273 -270 -270 -388 -518 -393 -248
Acquisitions		 -29 -400 -294 0.00 0.00 -2.80 -23 -111 -9.80 -1,904 0.00
Purchase of Investments		 - - - - - - - - -22 -7.40 237
Sale of Property, Plant & Equipment		 1.50 2.40 4.10 3.20 4.90 1.90 6.30 2.60 12 2.10 2.00
Divestitures		 - - - - - - - 0.00 0.00 631 -1.80
Sale and/or Maturity of Investments		 - - - - - - - 0.00 0.00 23 0.00
Other Investing Activities, net		 -1.70 0.40 0.00 -5.40 -3.10 29 -2.30 0.20 -8.00 -1.40 -17
Net Cash From Financing Activities		 -153 236 -177 -413 -313 23 -540 -407 -672 1,046 -729
Net Cash From Continuing Financing Activities		 -153 236 -177 -413 -313 23 -540 -407 -672 1,046 -729
Repayment of Debt		 -1,770 -2,625 -3,640 -5,436 -109 149 -2,505 -381 -470 -529 -437
Repurchase of Common Equity		 -288 -213 0.00 -184 -130 -55 -135 0.00 -53 -22 -250
Payment of Dividends		 -42 -42 -44 -46 -46 -51 -362 -416 -457 -265 -87
Issuance of Debt		 1,952 3,118 3,514 5,258 - - 2,498 411 330 1,876 57
Other Financing Activities, net		 -5.60 -2.00 -6.90 -4.00 -28 -20 -35 -21 -22 -14 -13
Effect of Exchange Rate Changes		 -67 -4.60 - - -4.20 8.80 -62 -34 -80 -68 19

Quarterly Cash Flow Statements for AGCO

This table details how cash moves in and out of AGCO's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 217 -85 1,860 -1,779 -35 -30 -50 221 100 -22 -347
Net Cash From Operating Activities		 568 900 -370 236 27 798 -212 366 71 764 -410
Net Cash From Continuing Operating Activities		 568 900 -370 236 27 798 -212 366 71 764 -410
Net Income / (Loss) Continuing Operations		 281 339 168 -369 29 -314 8.70 314 303 93 52
Consolidated Net Income / (Loss)		 281 339 168 -369 29 -314 8.70 314 303 93 52
Depreciation Expense		 59 62 63 65 61 62 61 64 63 69 67
Amortization Expense		 14 14 14 32 8.80 27 15 16 23 17 17
Non-Cash Adjustments To Reconcile Net Income		 -6.10 19 9.90 500 1.90 405 2.90 26 -243 26 -1.50
Changes in Operating Assets and Liabilities, net		 220 466 -625 7.30 -74 619 -300 -55 -75 558 -545
Net Cash From Investing Activities		 -111 -167 -95 -1,999 -87 531 -51 -57 189 -110 -66
Net Cash From Continuing Investing Activities		 -111 -167 -95 -1,999 -87 531 -51 -57 189 -110 -66
Purchase of Property, Plant & Equipment		 -121 -160 -95 -98 -86 -114 -48 -42 -69 -89 -45
Purchase of Investments		 - - - - - - -0.10 - - -22 -8.50
Sale of Property, Plant & Equipment		 4.80 6.60 0.20 1.10 0.50 0.30 1.10 - 0.60 0.30 0.10
Other Investing Activities, net		 -0.10 -26 0.00 -0.10 -0.10 -8.60 -4.10 -1.20 -2.40 -9.70 -13
Net Cash From Financing Activities		 -223 -783 2,337 -1.60 16 -1,306 205 -107 -151 -677 130
Net Cash From Continuing Financing Activities		 -223 -783 2,337 -1.60 16 -1,306 205 -107 -151 -677 130
Repayment of Debt		 -147 -312 -12 -4.60 -1.10 -511 -297 -71 -91 21 -32
Payment of Dividends		 -22 -22 -22 -208 -22 -14 -22 -22 -22 -22 -21
Issuance of Debt		 -55 -396 2,381 205 39 -749 531 -13 -36 -425 187
Other Financing Activities, net		 -0.30 -1.10 -9.70 -1.60 -0.60 -2.20 -7.40 -1.70 -2.30 -1.60 -4.60
Effect of Exchange Rate Changes		 -16 -36 -12 -13 10 -53 8.20 20 -9.30 0.10 -1.00

Annual Balance Sheets for AGCO

This table presents AGCO's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 6,498 7,168 7,972 7,626 7,760 8,504 9,182 10,104 11,421 11,191 11,928
Total Current Assets		 2,898 3,166 3,628 3,537 3,729 4,368 5,014 5,739 6,341 5,138 5,196
Cash & Equivalents		 427 430 368 326 433 1,119 889 790 596 613 862
Note & Lease Receivable		 837 890 1,019 880 801 856 992 1,221 1,605 1,267 1,079
Inventories, net		 1,423 1,515 1,873 1,909 2,079 1,974 2,594 3,190 3,441 2,731 2,709
Other Current Assets		 211 331 368 422 417 419 540 539 699 527 546
Plant, Property, & Equipment, net		 1,347 1,361 1,485 1,373 1,416 1,509 1,465 1,591 1,921 1,819 1,996
Total Noncurrent Assets		 2,252 2,641 2,859 2,716 2,614 2,627 2,703 2,773 3,160 4,234 4,736
Long-Term Investments		 393 415 409 400 380 443 414 437 513 520 610
Goodwill		 1,115 1,376 1,541 1,496 1,298 1,307 1,281 1,311 1,333 1,820 1,899
Intangible Assets		 508 607 649 573 502 456 392 364 309 729 673
Noncurrent Deferred & Refundable Income Taxes		 101 100 112 105 94 78 169 229 482 561 906
Other Noncurrent Operating Assets		 137 143 147 142 340 345 447 433 523 604 648
Total Liabilities & Shareholders' Equity		 6,498 7,168 7,972 7,626 7,760 8,504 9,182 10,104 11,421 11,191 11,928
Total Liabilities		 3,614 4,331 4,876 4,633 4,853 5,486 5,738 6,221 6,764 7,148 7,355
Total Current Liabilities		 2,185 2,145 2,651 2,767 2,885 3,363 3,455 4,088 4,344 3,826 3,729
Short-Term Debt		 306 85 95 211 153 360 93 196 15 415 118
Accounts Payable		 626 723 918 866 915 855 1,078 1,385 1,207 813 951
Accrued Expenses		 1,107 1,161 1,408 1,522 1,654 1,917 2,062 2,271 2,904 2,470 2,539
Other Current Liabilities		 147 176 230 168 162 231 221 235 218 128 122
Total Noncurrent Liabilities		 1,429 2,186 2,226 1,866 1,968 2,123 2,284 2,133 2,421 3,322 3,626
Long-Term Debt		 925 1,610 1,618 1,275 1,192 1,257 1,411 1,265 1,377 2,233 2,323
Noncurrent Deferred & Payable Income Tax Liabilities		 86 112 131 116 107 112 117 112 123 125 127
Noncurrent Employee Benefit Liabilities		 234 270 247 223 232 253 209 158 171 156 169
Other Noncurrent Operating Liabilities		 184 194 230 251 437 501 547 598 751 808 1,007
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 - - - - - - - - 0.00 300 299
Total Equity & Noncontrolling Interests		 2,883 2,837 3,095 2,994 2,907 3,018 3,444 3,883 4,657 3,743 4,274
Total Preferred & Common Equity		 2,838 2,776 3,030 2,933 2,854 2,980 3,416 3,882 4,657 3,743 4,274
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 2,838 2,776 3,030 2,933 2,854 2,980 3,416 3,882 4,657 3,743 4,274
Common Stock		 303 104 137 11 5.50 32 4.60 31 4.80 0.70 1.20
Retained Earnings		 3,996 4,114 4,254 4,477 4,444 4,759 5,182 5,655 6,360 5,645 6,047
Accumulated Other Comprehensive Income / (Loss)		 -1,460 -1,442 -1,362 -1,555 -1,595 -1,811 -1,771 -1,803 -1,708 -1,903 -1,775

Quarterly Balance Sheets for AGCO

This table presents AGCO's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 9,818 10,812 11,394 11,351 13,460 13,615 13,507 11,481 12,310 12,467 12,041
Total Current Assets		 5,702 6,329 6,747 6,675 8,374 6,639 6,539 5,289 5,628 5,722 5,338
Cash & Equivalents		 607 559 464 681 2,456 657 623 563 784 884 515
Note & Lease Receivable		 1,176 1,531 1,706 1,644 1,542 1,466 1,448 1,235 1,206 1,221 1,242
Inventories, net		 3,325 3,643 3,830 3,726 3,782 3,499 3,443 2,958 3,096 3,081 3,002
Other Current Assets		 594 597 747 625 594 583 608 533 542 536 579
Plant, Property, & Equipment, net		 1,419 1,669 1,739 1,750 1,887 1,802 1,881 1,869 1,966 1,977 1,955
Total Noncurrent Assets		 2,697 2,814 2,908 2,926 3,199 5,174 5,087 4,323 4,716 4,768 4,748
Long-Term Investments		 417 457 507 512 521 518 552 551 594 597 628
Goodwill		 1,264 1,323 1,327 1,309 1,326 2,408 2,358 1,843 1,899 1,901 1,891
Intangible Assets		 368 354 341 323 292 690 589 718 713 690 663
Noncurrent Deferred & Refundable Income Taxes		 224 233 260 300 490 499 507 583 828 898 932
Other Noncurrent Operating Assets		 425 448 473 483 571 611 622 628 681 681 634
Total Liabilities & Shareholders' Equity		 9,818 10,812 11,394 11,351 13,460 13,615 13,507 11,481 12,310 12,467 12,041
Total Liabilities		 6,298 6,679 7,255 6,996 8,705 9,056 9,021 7,372 7,837 7,675 7,449
Total Current Liabilities		 3,618 3,984 4,303 4,119 4,213 4,364 4,280 3,461 3,804 3,628 4,128
Short-Term Debt		 361 196 247 106 300 320 412 182 208 109 556
Accounts Payable		 1,171 1,427 1,391 1,308 1,238 1,076 961 1,009 1,060 987 1,122
Accrued Expenses		 1,897 2,144 2,445 2,507 2,489 2,543 2,509 2,148 2,409 2,410 2,267
Other Current Liabilities		 189 218 219 198 186 154 138 122 127 122 184
Total Noncurrent Liabilities		 2,680 2,694 2,953 2,876 4,492 4,693 4,740 3,911 4,034 4,047 3,321
Long-Term Debt		 1,846 1,791 2,014 1,920 3,426 3,595 3,610 2,758 2,757 2,734 2,019
Noncurrent Deferred & Payable Income Tax Liabilities		 109 115 116 113 120 112 120 131 140 144 124
Noncurrent Employee Benefit Liabilities		 200 160 161 159 168 165 168 158 163 163 168
Other Noncurrent Operating Liabilities		 525 628 661 685 778 793 815 864 974 1,006 1,010
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 - - - - - 505 338 300 304 301 296
Total Equity & Noncontrolling Interests		 3,521 4,133 4,139 4,356 4,755 4,054 4,149 3,809 4,169 4,491 4,297
Total Preferred & Common Equity		 3,520 4,133 4,139 4,356 4,755 4,054 4,149 3,809 4,169 4,491 4,297
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 3,520 4,133 4,139 4,356 4,755 4,054 4,149 3,809 4,169 4,491 4,297
Common Stock		 23 25 37 47 0.70 9.90 13 1.40 11 17 0.70
Retained Earnings		 5,350 5,864 5,787 6,046 6,506 5,931 5,939 5,630 5,923 6,207 6,032
Accumulated Other Comprehensive Income / (Loss)		 -1,852 -1,756 -1,685 -1,737 -1,752 -1,887 -1,803 -1,822 -1,765 -1,733 -1,736

Annual Metrics And Ratios for AGCO

This table displays calculated financial ratios and metrics derived from AGCO's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -23.21% -0.76% 12.09% 12.59% -3.32% 1.20% 21.73% 13.58% 13.92% -19.08% -13.55%
EBITDA Growth		 -33.34% -9.42% 14.50% 15.66% -21.45% 53.53% 45.21% 12.74% 17.01% -100.52% 11,828.57%
EBIT Growth		 -45.63% -20.87% 27.98% 25.90% -32.14% 105.34% 64.82% 17.79% 19.45% -125.45% 293.07%
NOPAT Growth		 -36.54% -40.97% 35.58% 58.15% -68.37% 273.08% 121.94% 4.51% 51.83% -80.83% 149.33%
Net Income Growth		 -34.69% -39.32% 18.16% 49.87% -56.71% 241.86% 114.75% -2.97% 33.91% -141.46% 248.06%
EPS Growth		 -29.82% -35.95% 18.37% 54.31% -54.47% 246.63% 109.73% 0.17% 31.68% -136.40% 271.35%
Operating Cash Flow Growth		 19.57% -29.51% 56.32% 3.17% 16.78% 28.83% -26.36% 26.96% 31.60% -37.46% 43.22%
Free Cash Flow Firm Growth		 71.06% -130.39% 44.66% 574.57% -31.77% 81.88% -59.04% 44.93% 28.17% -159.82% 297.78%
Invested Capital Growth		 -13.31% 11.92% 9.33% -6.91% -8.37% -10.66% 18.64% 12.94% 20.01% 12.51% -0.31%
Revenue Q/Q Growth		 -6.58% 1.86% 5.50% 0.70% -0.86% 2.27% 4.09% 6.25% -0.68% -7.26% 0.33%
EBITDA Q/Q Growth		 -6.10% 5.16% 5.46% 3.30% -28.02% 46.18% 5.12% 10.71% -7.96% -101.55% 99.47%
EBIT Q/Q Growth		 -9.55% 8.85% 10.00% 6.43% -42.99% 83.76% 6.82% 14.18% -10.05% -253.63% 300.49%
NOPAT Q/Q Growth		 -3.95% -2.51% -8.23% 23.38% -66.99% 107.05% 23.66% 8.65% 8.66% -30.14% 112.94%
Net Income Q/Q Growth		 -5.44% -0.06% -7.84% 22.71% -60.39% 115.50% 19.63% 4.65% 1.46% -390.78% 130.30%
EPS Q/Q Growth		 -4.38% 1.55% -8.30% 24.31% -59.35% 106.20% 19.70% 4.95% 1.56% -351.77% 93.84%
Operating Cash Flow Q/Q Growth		 -27.79% 13.83% 23.50% -1.14% 33.90% -10.37% -7.52% 159.02% -17.43% -12.94% -3.35%
Free Cash Flow Firm Q/Q Growth		 -26.63% 35.80% -275.73% 22.42% 27.90% -8.83% -22.91% 999.57% -28.06% 70.22% -23.92%
Invested Capital Q/Q Growth		 -10.60% -12.48% -7.80% -9.41% -16.89% -11.98% -4.09% -12.48% -4.77% -17.58% -9.95%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 20.90% 20.41% 21.20% 21.28% 21.88% 22.33% 23.09% 23.72% 26.21% 24.86% 25.46%
EBITDA Margin		 7.86% 7.17% 7.33% 7.53% 6.12% 9.28% 11.07% 10.99% 11.28% -0.07% 9.77%
Operating Margin		 4.84% 3.87% 4.87% 5.23% 3.85% 6.55% 8.99% 10.00% 11.80% 3.30% 5.91%
EBIT Margin		 4.35% 3.47% 3.96% 4.43% 3.11% 6.31% 8.54% 8.85% 9.28% -2.92% 6.52%
Profit (Net Income) Margin		 3.54% 2.16% 2.28% 3.03% 1.36% 4.59% 8.09% 6.91% 8.13% -4.16% 7.13%
Tax Burden Percent		 94.49% 78.18% 66.70% 78.74% 47.03% 74.70% 95.47% 79.00% 87.84% 111.99% 119.44%
Interest Burden Percent		 86.02% 79.73% 86.29% 87.01% 92.92% 97.40% 99.30% 98.84% 99.66% 127.30% 91.55%
Effective Tax Rate		 25.95% 45.00% 47.08% 30.78% 69.25% 33.40% 11.48% 26.79% 17.28% 0.00% -12.86%
Return on Invested Capital (ROIC)		 7.54% 4.52% 5.54% 8.70% 2.98% 12.27% 26.39% 23.87% 31.06% 5.14% 12.11%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.59% 4.89% 2.78% 2.24% 5.41% 19.22% 38.15% 0.14% -59.72% -78.77% 15.87%
Return on Net Nonoperating Assets (RNNOA)		 0.74% 1.08% 0.84% 0.62% 1.19% 1.90% 1.51% 0.01% -3.63% -16.30% 4.58%
Return on Equity (ROE)		 8.28% 5.60% 6.38% 9.32% 4.16% 14.17% 27.90% 23.88% 27.43% -11.16% 16.69%
Cash Return on Invested Capital (CROIC)		 21.80% -6.73% -3.37% 15.86% 11.71% 23.53% 9.34% 11.72% 12.87% -6.64% 12.42%
Operating Return on Assets (OROA)		 4.68% 3.76% 4.34% 5.31% 3.65% 7.10% 10.75% 11.62% 12.43% -3.01% 5.69%
Return on Assets (ROA)		 3.81% 2.34% 2.50% 3.64% 1.60% 5.16% 10.19% 9.07% 10.88% -4.30% 6.22%
Return on Common Equity (ROCE)		 8.15% 5.50% 6.25% 9.13% 4.08% 13.95% 27.62% 23.79% 27.43% -10.78% 15.53%
Return on Equity Simple (ROE_SIMPLE)		 9.30% 5.77% 6.25% 9.67% 4.30% 14.09% 26.39% 22.53% 25.15% -12.97% 0.00%
Net Operating Profit after Tax (NOPAT)		 267 158 214 338 107 399 886 926 1,407 270 672
NOPAT Margin		 3.58% 2.13% 2.58% 3.62% 1.18% 4.37% 7.96% 7.32% 9.76% 2.31% 6.67%
Net Nonoperating Expense Percent (NNEP)		 0.95% -0.37% 2.77% 6.46% -2.44% -6.95% -11.76% 23.73% 90.78% 83.91% -3.76%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 17.34% 23.25% 4.22% 10.01%
Cost of Revenue to Revenue		 79.10% 79.59% 78.80% 78.72% 78.12% 77.67% 76.91% 76.28% 73.79% 75.14% 74.54%
SG&A Expenses to Revenue		 11.41% 11.67% 11.61% 11.44% 11.51% 10.95% 9.77% 9.40% 10.09% 11.99% 12.99%
R&D to Revenue		 3.78% 4.02% 3.89% 3.80% 3.80% 3.74% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 16.06% 16.53% 16.33% 16.05% 18.03% 15.77% 14.10% 13.72% 14.41% 21.56% 19.44%
Earnings before Interest and Taxes (EBIT)		 325 257 329 414 281 577 951 1,120 1,338 -341 658
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 587 532 609 704 553 849 1,233 1,390 1,626 -8.40 985
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.11 1.38 1.56 1.25 1.73 2.21 2.24 2.44 1.88 1.86 1.82
Price to Tangible Book Value (P/TBV)		 2.60 4.82 5.62 4.23 4.68 5.41 4.39 4.29 2.91 5.83 4.57
Price to Revenue (P/Rev)		 0.42 0.52 0.57 0.39 0.55 0.72 0.69 0.75 0.61 0.60 0.77
Price to Earnings (P/E)		 11.86 23.87 25.30 12.79 39.40 15.44 8.53 10.65 7.48 0.00 10.69
Dividend Yield		 1.30% 1.09% 0.94% 1.29% 0.96% 0.73% 4.66% 4.27% 5.22% 3.93% 1.11%
Earnings Yield		 8.43% 4.19% 3.95% 7.82% 2.54% 6.48% 11.72% 9.39% 13.37% 0.00% 9.35%
Enterprise Value to Invested Capital (EV/IC)		 1.10 1.28 1.42 1.19 1.60 2.18 2.16 2.36 1.83 1.58 1.63
Enterprise Value to Revenue (EV/Rev)		 0.48 0.64 0.69 0.48 0.61 0.73 0.71 0.77 0.63 0.75 0.90
Enterprise Value to EBITDA (EV/EBITDA)		 6.16 8.90 9.39 6.35 9.98 7.87 6.39 6.99 5.56 0.00 9.17
Enterprise Value to EBIT (EV/EBIT)		 11.14 18.42 17.38 10.80 19.64 11.59 8.29 8.67 6.76 0.00 13.74
Enterprise Value to NOPAT (EV/NOPAT)		 13.53 29.99 26.72 13.21 51.54 16.74 8.89 10.48 6.43 32.53 13.44
Enterprise Value to Operating Cash Flow (EV/OCF)		 6.90 12.81 9.90 7.51 7.93 7.46 11.94 11.58 8.20 12.72 9.15
Enterprise Value to Free Cash Flow (EV/FCFF)		 4.68 0.00 0.00 7.25 13.10 8.73 25.12 21.35 15.52 0.00 13.10
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.43 0.60 0.55 0.50 0.46 0.54 0.44 0.38 0.30 0.66 0.53
Long-Term Debt to Equity		 0.32 0.57 0.52 0.43 0.41 0.42 0.41 0.33 0.30 0.55 0.51
Financial Leverage		 0.11 0.22 0.30 0.28 0.22 0.10 0.04 0.06 0.06 0.21 0.29
Leverage Ratio		 2.17 2.39 2.55 2.56 2.61 2.75 2.74 2.63 2.52 2.60 2.68
Compound Leverage Factor		 1.87 1.90 2.20 2.23 2.42 2.67 2.72 2.60 2.51 3.31 2.46
Debt to Total Capital		 29.93% 37.40% 35.63% 33.17% 31.64% 34.88% 30.40% 27.34% 23.02% 39.58% 34.80%
Short-Term Debt to Total Capital		 7.44% 1.88% 1.98% 4.70% 3.61% 7.76% 1.88% 3.67% 0.25% 6.21% 1.68%
Long-Term Debt to Total Capital		 22.49% 35.52% 33.65% 28.47% 28.03% 27.12% 28.52% 23.67% 22.77% 33.38% 33.12%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 1.09% 1.35% 1.37% 1.35% 1.25% 0.82% 0.56% 0.00% 0.00% 4.48% 4.27%
Common Equity to Total Capital		 68.98% 61.25% 63.00% 65.48% 67.11% 64.30% 69.04% 72.66% 76.98% 55.93% 60.93%
Debt to EBITDA		 2.10 3.19 2.82 2.11 2.43 1.90 1.22 1.05 0.86 -315.30 2.48
Net Debt to EBITDA		 0.70 1.60 1.54 1.08 0.96 0.06 0.16 0.17 0.17 -180.50 0.98
Long-Term Debt to EBITDA		 1.58 3.03 2.66 1.81 2.16 1.48 1.14 0.91 0.85 -265.87 2.36
Debt to NOPAT		 4.61 10.74 8.01 4.39 12.57 4.05 1.70 1.58 0.99 9.82 3.63
Net Debt to NOPAT		 1.54 5.39 4.38 2.24 4.97 0.14 0.23 0.25 0.20 5.62 1.44
Long-Term Debt to NOPAT		 3.46 10.20 7.56 3.77 11.13 3.15 1.59 1.37 0.98 8.28 3.46
Altman Z-Score		 2.83 2.66 2.65 2.82 2.83 2.95 3.35 3.51 3.41 2.37 2.52
Noncontrolling Interest Sharing Ratio		 1.46% 1.85% 2.14% 2.07% 1.93% 1.54% 1.02% 0.38% 0.00% 3.45% 6.96%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.33 1.48 1.37 1.28 1.29 1.30 1.45 1.40 1.46 1.34 1.39
Quick Ratio		 0.58 0.62 0.52 0.44 0.43 0.59 0.54 0.49 0.51 0.49 0.52
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 773 -235 -130 617 421 766 314 455 583 -349 690
Operating Cash Flow to CapEx		 249.74% 186.05% 289.09% 297.80% 259.18% 334.51% 250.55% 217.32% 217.87% 176.35% 401.83%
Free Cash Flow to Firm to Interest Expense		 17.03 -4.51 -2.88 11.47 21.16 51.07 46.83 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 11.55 7.09 12.81 11.08 34.97 59.77 98.54 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 6.92 3.28 8.38 7.36 21.48 41.90 59.21 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.08 1.08 1.10 1.20 1.18 1.13 1.26 1.31 1.34 1.03 0.87
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 3.72 4.01 3.86 3.89 3.54 3.51 3.75 3.34 3.21 2.84 2.76
Fixed Asset Turnover		 5.19 5.47 5.84 6.54 6.48 6.26 7.49 8.28 8.21 6.24 5.29
Accounts Payable Turnover		 9.12 8.75 7.98 8.26 7.93 8.03 8.86 7.83 8.20 8.67 8.52
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 98.07 90.91 94.45 93.75 103.03 104.08 97.32 109.37 113.78 128.54 132.12
Days Payable Outstanding (DPO)		 40.04 41.72 45.73 44.21 46.01 45.45 41.19 46.59 44.49 42.08 42.84
Cash Conversion Cycle (CCC)		 58.03 49.20 48.72 49.54 57.02 58.63 56.13 62.78 69.29 86.47 89.28
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 3,295 3,688 4,032 3,753 3,439 3,073 3,645 4,117 4,941 5,559 5,542
Invested Capital Turnover		 2.10 2.12 2.15 2.40 2.51 2.81 3.32 3.26 3.18 2.22 1.82
Increase / (Decrease) in Invested Capital		 -506 393 344 -279 -314 -367 573 472 824 618 -17
Enterprise Value (EV)		 3,617 4,734 5,718 4,472 5,518 6,685 7,881 9,709 9,043 8,773 9,037
Market Capitalization		 3,160 3,822 4,715 3,652 4,933 6,593 7,651 9,474 8,759 6,956 7,768
Book Value per Share		 $33.19 $34.59 $38.08 $37.46 $37.79 $39.79 $45.65 $52.04 $62.19 $50.14 $57.27
Tangible Book Value per Share		 $14.22 $9.87 $10.55 $11.04 $13.95 $16.26 $23.29 $29.59 $40.26 $15.99 $22.80
Total Capital		 4,115 4,533 4,809 4,479 4,252 4,634 4,948 5,343 6,049 6,691 7,014
Total Debt		 1,231 1,695 1,714 1,486 1,345 1,616 1,504 1,461 1,392 2,649 2,441
Total Long-Term Debt		 925 1,610 1,618 1,275 1,192 1,257 1,411 1,265 1,377 2,233 2,323
Net Debt		 412 851 937 760 532 55 202 234 284 1,516 969
Capital Expenditures (CapEx)		 210 199 200 200 269 268 264 386 506 391 246
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 592 677 705 655 565 246 763 1,058 1,417 1,115 723
Debt-free Net Working Capital (DFNWC)		 1,019 1,106 1,073 981 998 1,365 1,652 1,847 2,012 1,727 1,585
Net Working Capital (NWC)		 713 1,021 977 771 845 1,006 1,560 1,651 1,997 1,312 1,467
Net Nonoperating Expense (NNE)		 3.40 -2.34 25 55 -16 -20 -15 52 235 755 -47
Net Nonoperating Obligations (NNO)		 412 851 937 760 532 55 202 234 284 1,516 969
Total Depreciation and Amortization (D&A)		 262 275 280 290 272 272 282 270 288 332 328
Debt-free, Cash-free Net Working Capital to Revenue		 7.93% 9.13% 8.48% 7.01% 6.25% 2.69% 6.85% 8.36% 9.83% 9.56% 7.17%
Debt-free Net Working Capital to Revenue		 13.65% 14.93% 12.91% 10.49% 11.04% 14.92% 14.84% 14.60% 13.96% 14.81% 15.72%
Net Working Capital to Revenue		 9.55% 13.78% 11.76% 8.24% 9.34% 10.99% 14.00% 13.05% 13.86% 11.25% 14.55%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.06 $1.97 $2.34 $3.62 $1.64 $5.69 $11.93 $11.92 $15.66 ($5.69) $9.76
Adjusted Weighted Average Basic Shares Outstanding		 87M 81.40M 79.50M 78.80M 76.20M 75M 75.20M 74.60M 74.80M 74.60M 74.40M
Adjusted Diluted Earnings per Share		 $3.06 $1.96 $2.32 $3.58 $1.63 $5.65 $11.85 $11.87 $15.63 ($5.69) $9.75
Adjusted Weighted Average Diluted Shares Outstanding		 87.10M 81.70M 80.20M 79.70M 77M 75.60M 75.70M 74.90M 74.90M 74.70M 74.50M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 82.45M 79.45M 79.61M 76.51M 75.47M 75.22M 74.54M 74.85M 74.62M 74.58M 72.40M
Normalized Net Operating Profit after Tax (NOPAT)		 284 164 220 347 374 426 900 957 1,420 649 482
Normalized NOPAT Margin		 3.80% 2.22% 2.65% 3.71% 4.13% 4.65% 8.08% 7.57% 9.85% 5.57% 4.78%
Pre Tax Income Margin		 3.74% 2.77% 3.42% 3.85% 2.89% 6.14% 8.48% 8.75% 9.25% -3.72% 5.97%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 7.15 4.93 7.29 7.70 14.12 38.47 141.94 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 5.89 3.03 4.75 6.29 5.38 26.63 132.31 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 2.53 1.12 2.86 3.98 0.63 20.60 102.61 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 1.27 -0.78 0.32 2.57 -8.11 8.76 92.98 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 15.91% 26.28% 23.24% 16.28% 37.79% 12.17% 40.16% 47.54% 39.05% -54.57% 12.03%
Augmented Payout Ratio		 124.81% 158.93% 23.24% 81.25% 143.65% 25.27% 55.13% 47.54% 43.58% -59.10% 46.80%

Quarterly Metrics And Ratios for AGCO

This table displays calculated financial ratios and metrics derived from AGCO's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 72,400,559.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 72,400,559.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.76
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 10.70% -2.52% -12.14% -15.07% -24.78% -24.03% -29.99% -18.84% -4.73% 1.14% 14.26%
EBITDA Growth		 13.26% -30.59% -25.98% -142.97% -67.96% -172.19% -69.03% 186.91% 245.50% 216.15% 48.33%
EBIT Growth		 13.51% -38.05% -33.87% -173.37% -81.59% -231.02% -92.33% 133.49% 507.08% 156.29% 216.96%
NOPAT Growth		 31.73% 43.53% -24.47% -146.63% -79.57% -67.42% -81.61% 188.30% 94.12% 167.13% 105.85%
Net Income Growth		 17.91% 5.21% -27.77% -215.57% -89.70% -192.51% -94.82% 185.23% 947.40% 129.72% 502.30%
EPS Growth		 17.61% 5.59% -27.42% -215.49% -89.30% -175.50% -93.78% 185.77% 922.50% 138.01% 442.86%
Operating Cash Flow Growth		 109.41% -20.55% 33.58% 22.59% -95.33% -11.38% 42.65% 55.29% 167.92% -4.30% -93.40%
Free Cash Flow Firm Growth		 76.12% -171.55% 19.65% -327.60% -853.58% -44.98% -86.25% 205.19% 148.39% 117.26% 95.88%
Invested Capital Growth		 10.30% 20.01% 7.85% 23.68% 30.01% 12.51% 7.82% -9.77% -8.76% -0.31% 1.47%
Revenue Q/Q Growth		 -9.61% 9.99% -22.94% 10.85% -19.94% 11.08% -28.98% 28.51% -6.02% 17.93% -19.77%
EBITDA Q/Q Growth		 -15.62% -22.61% -6.04% -170.03% 162.92% -274.36% 140.30% 96.56% 144.09% -40.77% -47.80%
EBIT Q/Q Growth		 -18.88% -28.29% -8.46% -237.79% 120.36% -610.24% 105.36% 501.17% 250.19% -50.64% -69.50%
NOPAT Q/Q Growth		 -9.59% 56.21% -63.31% -189.99% 139.62% 149.05% -79.29% 1,375.92% -74.50% -7.51% -40.85%
Net Income Q/Q Growth		 -12.12% 20.86% -50.44% -319.58% 107.83% -1,185.12% 102.77% 3,513.79% -3.72% -69.21% -43.78%
EPS Q/Q Growth		 -12.21% 21.12% -50.33% -318.67% 108.13% -955.00% 104.09% 2,914.29% -3.08% -68.22% -41.54%
Operating Cash Flow Q/Q Growth		 195.52% 58.60% -141.09% 163.65% -88.75% 2,910.94% -126.59% 272.34% -80.59% 975.49% -153.75%
Free Cash Flow Firm Q/Q Growth		 54.08% -99.28% 31.68% -584.06% -2.40% 69.70% 12.24% 394.40% -38.19% -80.90% -111.86%
Invested Capital Q/Q Growth		 -4.45% -4.77% 11.42% 21.99% 0.44% -17.58% 6.77% 2.09% 1.56% -9.95% 8.69%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 27.03% 25.86% 26.28% 25.80% 23.20% 23.85% 25.39% 24.99% 26.11% 25.38% 24.82%
EBITDA Margin		 11.94% 8.40% 10.24% -6.47% 5.09% -7.98% 4.53% 6.93% 18.00% 9.04% 5.88%
Operating Margin		 12.26% 10.34% 9.34% -7.44% 4.42% 8.26% 2.41% 6.22% 6.12% 7.90% 3.44%
EBIT Margin		 9.82% 6.40% 7.61% -9.46% 2.40% -11.04% 0.83% 3.90% 14.54% 6.09% 2.31%
Profit (Net Income) Margin		 8.12% 8.92% 5.74% -11.36% 1.11% -10.86% 0.42% 11.93% 12.22% 3.19% 2.24%
Tax Burden Percent		 84.01% 135.28% 76.05% 109.50% 101.05% 90.58% -621.43% 323.12% 87.87% 57.67% 134.36%
Interest Burden Percent		 98.38% 102.96% 99.15% 109.74% 45.76% 108.56% -8.19% 94.65% 95.69% 90.94% 71.96%
Effective Tax Rate		 22.55% -30.37% 31.28% 0.00% 41.61% 0.00% 0.00% -211.20% 14.17% 47.83% 11.79%
Return on Invested Capital (ROIC)		 27.85% 42.91% 16.95% -11.53% 5.44% 12.84% 3.18% 30.85% 8.19% 7.49% 5.27%
ROIC Less NNEP Spread (ROIC-NNEP)		 23.13% -24.02% 14.63% -23.11% 2.97% -40.54% 1.17% 20.38% 17.72% 5.30% 4.12%
Return on Net Nonoperating Assets (RNNOA)		 5.92% -1.46% 2.83% -9.16% 1.04% -8.39% 0.34% 8.45% 6.92% 1.53% 1.54%
Return on Equity (ROE)		 33.77% 41.45% 19.78% -20.69% 6.47% 4.45% 3.52% 39.29% 15.10% 9.02% 6.81%
Cash Return on Invested Capital (CROIC)		 16.38% 12.87% 17.95% -10.48% -19.62% -6.64% -5.56% 11.06% 14.05% 12.42% 10.24%
Operating Return on Assets (OROA)		 13.47% 8.58% 8.78% -10.16% 2.43% -11.39% 0.72% 3.06% 11.25% 5.31% 2.04%
Return on Assets (ROA)		 11.13% 11.94% 6.62% -12.21% 1.12% -11.20% 0.37% 9.36% 9.46% 2.78% 1.97%
Return on Common Equity (ROCE)		 33.77% 41.45% 19.78% -19.49% 6.23% 4.30% 3.40% 35.77% 14.06% 8.39% 6.35%
Return on Equity Simple (ROE_SIMPLE)		 26.51% 0.00% 23.27% 10.33% 4.03% 0.00% -16.93% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 328 512 188 -169 67 167 35 510 130 120 71
NOPAT Margin		 9.49% 13.48% 6.42% -5.21% 2.58% 5.78% 1.69% 19.37% 5.25% 4.12% 3.04%
Net Nonoperating Expense Percent (NNEP)		 4.72% 66.93% 2.33% 11.59% 2.47% 53.39% 2.01% 10.47% -9.53% 2.18% 1.15%
Return On Investment Capital (ROIC_SIMPLE)		 - 8.47% - - - 2.61% 0.51% 7.15% 1.77% 1.79% 1.04%
Cost of Revenue to Revenue		 72.97% 74.14% 73.72% 74.20% 76.80% 76.15% 74.61% 75.01% 73.89% 74.62% 75.18%
SG&A Expenses to Revenue		 10.29% 10.97% 11.96% 11.70% 13.25% 11.19% 15.89% 12.39% 13.76% 10.83% 14.47%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 14.77% 15.52% 16.94% 33.24% 18.79% 15.59% 22.98% 18.30% 19.99% 17.53% 21.37%
Earnings before Interest and Taxes (EBIT)		 339 243 223 -307 63 -319 17 103 360 178 54
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 413 319 300 -210 132 -231 93 183 446 264 138
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.97 1.88 1.88 1.80 1.76 1.86 1.81 1.85 1.78 1.82 1.95
Price to Tangible Book Value (P/TBV)		 3.14 2.91 2.85 7.61 6.08 5.83 5.53 4.94 4.21 4.57 4.81
Price to Revenue (P/Rev)		 0.59 0.61 0.64 0.54 0.58 0.60 0.64 0.76 0.80 0.77 0.81
Price to Earnings (P/E)		 7.42 7.48 8.09 17.31 42.99 0.00 0.00 77.25 21.29 10.69 10.88
Dividend Yield		 5.30% 5.22% 5.15% 3.75% 3.74% 3.93% 3.95% 1.12% 1.08% 1.11% 1.00%
Earnings Yield		 13.48% 13.37% 12.36% 5.78% 2.33% 0.00% 0.00% 1.29% 4.70% 9.35% 9.19%
Enterprise Value to Invested Capital (EV/IC)		 1.81 1.83 1.76 1.57 1.56 1.58 1.52 1.58 1.57 1.63 1.68
Enterprise Value to Revenue (EV/Rev)		 0.65 0.63 0.69 0.78 0.83 0.75 0.84 0.94 0.96 0.90 0.98
Enterprise Value to EBITDA (EV/EBITDA)		 5.32 5.56 6.38 12.81 19.38 0.00 0.00 54.09 19.54 9.17 9.82
Enterprise Value to EBIT (EV/EBIT)		 6.32 6.76 7.93 21.11 47.32 0.00 0.00 0.00 58.79 13.74 14.56
Enterprise Value to NOPAT (EV/NOPAT)		 7.26 6.43 7.17 16.20 27.18 32.53 80.13 189.92 30.58 13.44 14.45
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.03 8.20 7.52 7.89 13.24 12.72 10.65 9.80 9.44 9.15 12.81
Enterprise Value to Free Cash Flow (EV/FCFF)		 11.60 15.52 10.19 0.00 0.00 0.00 0.00 13.57 10.65 13.10 16.52
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.47 0.30 0.78 0.86 0.90 0.66 0.72 0.66 0.59 0.53 0.56
Long-Term Debt to Equity		 0.44 0.30 0.72 0.79 0.80 0.55 0.67 0.62 0.57 0.51 0.44
Financial Leverage		 0.26 0.06 0.19 0.40 0.35 0.21 0.29 0.41 0.39 0.29 0.37
Leverage Ratio		 2.69 2.52 2.73 2.88 2.81 2.60 2.81 2.87 2.80 2.68 2.70
Compound Leverage Factor		 2.64 2.60 2.71 3.16 1.29 2.82 -0.23 2.72 2.68 2.44 1.95
Debt to Total Capital		 31.74% 23.02% 43.93% 46.20% 47.27% 39.58% 41.70% 39.86% 37.24% 34.80% 35.92%
Short-Term Debt to Total Capital		 1.66% 0.25% 3.54% 3.78% 4.85% 6.21% 2.58% 2.80% 1.43% 1.68% 7.75%
Long-Term Debt to Total Capital		 30.08% 22.77% 40.39% 42.43% 42.43% 33.38% 39.12% 37.07% 35.81% 33.12% 28.17%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 5.96% 3.97% 4.48% 4.25% 4.09% 3.95% 4.27% 4.12%
Common Equity to Total Capital		 68.26% 76.98% 56.07% 47.84% 48.76% 55.93% 54.04% 56.05% 58.81% 60.93% 59.96%
Debt to EBITDA		 1.15 0.86 2.45 4.76 7.43 -315.30 -13.64 16.73 5.76 2.48 2.50
Net Debt to EBITDA		 0.47 0.17 0.49 3.33 5.26 -180.50 -8.48 8.95 2.76 0.98 1.39
Long-Term Debt to EBITDA		 1.09 0.85 2.25 4.37 6.67 -265.87 -12.80 15.56 5.54 2.36 1.96
Debt to NOPAT		 1.56 0.99 2.75 6.03 10.42 9.82 26.08 58.74 9.01 3.63 3.68
Net Debt to NOPAT		 0.64 0.20 0.55 4.22 7.38 5.62 16.21 31.44 4.31 1.44 2.04
Long-Term Debt to NOPAT		 1.48 0.98 2.53 5.54 9.35 8.28 24.47 54.62 8.66 3.46 2.88
Altman Z-Score		 3.13 3.10 2.76 2.20 2.25 2.38 2.38 2.29 2.42 2.39 2.37
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 5.81% 3.82% 3.45% 3.38% 8.96% 6.88% 6.96% 6.84%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.62 1.46 1.99 1.52 1.53 1.34 1.53 1.48 1.58 1.39 1.29
Quick Ratio		 0.56 0.51 0.95 0.49 0.48 0.49 0.52 0.52 0.58 0.52 0.43
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -156 -311 -213 -1,455 -1,490 -451 -396 1,166 721 138 -16
Operating Cash Flow to CapEx		 489.82% 585.44% -390.30% 243.03% 30.89% 701.76% -450.53% 866.59% 103.95% 864.78% -922.25%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 -111.94 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 -194.74 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 -244.63 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.37 1.34 1.15 1.07 1.01 1.03 0.86 0.78 0.77 0.87 0.88
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 3.06 3.21 2.78 2.70 2.62 2.84 2.41 2.34 2.31 2.76 2.60
Fixed Asset Turnover		 9.16 8.21 7.88 7.59 6.93 6.24 5.74 5.40 5.21 5.29 5.43
Accounts Payable Turnover		 8.69 8.20 7.74 8.03 8.27 8.67 7.24 7.21 7.74 8.52 7.27
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 119.44 113.78 131.36 135.01 139.45 128.54 151.22 156.31 158.03 132.12 140.40
Days Payable Outstanding (DPO)		 42.01 44.49 47.14 45.44 44.15 42.08 50.41 50.61 47.18 42.84 50.18
Cash Conversion Cycle (CCC)		 77.43 69.29 84.22 89.57 95.31 86.47 100.82 105.70 110.85 89.28 90.22
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 5,188 4,941 5,505 6,715 6,745 5,559 5,936 6,060 6,154 5,542 6,023
Invested Capital Turnover		 2.93 3.18 2.64 2.21 2.11 2.22 1.89 1.59 1.56 1.82 1.74
Increase / (Decrease) in Invested Capital		 484 824 401 1,286 1,557 618 431 -656 -591 -17 88
Enterprise Value (EV)		 9,397 9,043 9,703 10,524 10,490 8,773 9,030 9,585 9,653 9,037 10,116
Market Capitalization		 8,564 8,759 8,953 7,279 7,304 6,956 6,904 7,694 7,990 7,768 8,389
Book Value per Share		 $58.17 $62.19 $63.74 $54.33 $55.58 $50.14 $51.08 $55.89 $60.18 $57.27 $59.34
Tangible Book Value per Share		 $36.38 $40.26 $42.06 $12.81 $16.10 $15.99 $16.73 $20.87 $25.46 $22.80 $24.07
Total Capital		 6,381 6,049 8,481 8,474 8,509 6,691 7,049 7,438 7,636 7,014 7,166
Total Debt		 2,026 1,392 3,726 3,915 4,022 2,649 2,940 2,965 2,844 2,441 2,574
Total Long-Term Debt		 1,920 1,377 3,426 3,595 3,610 2,233 2,758 2,757 2,734 2,323 2,019
Net Debt		 833 284 750 2,740 2,848 1,516 1,827 1,587 1,362 969 1,431
Capital Expenditures (CapEx)		 116 154 95 97 86 114 47 42 68 88 45
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 1,981 1,417 2,006 1,938 2,049 1,115 1,448 1,249 1,319 723 1,251
Debt-free Net Working Capital (DFNWC)		 2,662 2,012 4,461 2,595 2,671 1,727 2,010 2,033 2,203 1,585 1,765
Net Working Capital (NWC)		 2,556 1,997 4,161 2,275 2,259 1,312 1,828 1,825 2,094 1,467 1,210
Net Nonoperating Expense (NNE)		 48 173 20 200 38 481 26 196 -173 27 19
Net Nonoperating Obligations (NNO)		 833 284 750 2,157 2,259 1,516 1,827 1,587 1,362 969 1,431
Total Depreciation and Amortization (D&A)		 73 76 77 97 70 88 76 80 86 86 84
Debt-free, Cash-free Net Working Capital to Revenue		 13.65% 9.83% 14.32% 14.43% 16.29% 9.56% 13.43% 12.28% 13.12% 7.17% 12.05%
Debt-free Net Working Capital to Revenue		 18.34% 13.96% 31.85% 19.32% 21.24% 14.81% 18.64% 19.98% 21.92% 15.72% 17.02%
Net Working Capital to Revenue		 17.61% 13.86% 29.70% 16.94% 17.96% 11.25% 16.95% 17.94% 20.83% 14.55% 11.66%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.75 $4.54 $2.25 ($4.92) $0.40 ($3.42) $0.14 $4.22 $4.10 $1.30 $0.76
Adjusted Weighted Average Basic Shares Outstanding		 74.90M 74.80M 74.60M 74.60M 74.60M 74.60M 74.60M 74.60M 74.60M 74.40M 72.50M
Adjusted Diluted Earnings per Share		 $3.74 $4.53 $2.25 ($4.92) $0.40 ($3.42) $0.14 $4.22 $4.09 $1.30 $0.76
Adjusted Weighted Average Diluted Shares Outstanding		 75M 74.90M 74.70M 74.70M 74.70M 74.70M 74.70M 74.60M 74.70M 74.50M 72.70M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 74.88M 74.62M 74.62M 74.64M 74.65M 74.58M 74.59M 74.62M 74.62M 72.40M 72.41M
Normalized Net Operating Profit after Tax (NOPAT)		 329 278 189 202 75 259 44 130 137 145 82
Normalized NOPAT Margin		 9.51% 7.31% 6.44% 6.21% 2.89% 8.96% 2.17% 4.95% 5.54% 4.97% 3.49%
Pre Tax Income Margin		 9.66% 6.59% 7.54% -10.38% 1.10% -11.99% -0.07% 3.69% 13.91% 5.53% 1.66%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 117.26 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 98.96 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 67.37 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 49.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 39.30% 39.05% 41.66% 65.27% 163.53% -54.57% -41.09% 204.17% 25.11% 12.03% 11.26%
Augmented Payout Ratio		 39.30% 43.58% 41.66% 65.27% 163.53% -59.10% -41.09% 204.17% 25.11% 46.80% 11.26%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways from AGCO's quarterly financial statements across the last four years, focusing on trends in revenue, profitability, cash flow, and balance sheet strength. Figures are in USD.

  • Strong operating cash flow in late 2024–2025: AGCO generated solid net cash from continuing operating activities in its recent quarter, with 2025 Q4 showing $763.6 million and 2024 Q4 around $798 million, supporting liquidity.
  • Liquidity improving on the balance sheet: Cash & equivalents rose to about $884.1 million by 2025 Q3 (up from $562.6 million in 2024 Q4), signaling improved near-term liquidity.That boost is complemented by a higher overall cash position versus earlier periods.
  • Equity base strengthening: Total common equity reached about $4.49 billion by 2025 Q3, reflecting a higher equity cushion against liabilities.
  • Stable/ongoing shareholder returns: Cash dividends to common per share remained at $0.58, providing a predictable return to shareholders despite revenue fluctuations.
  • Revenue has trended down over the four-year span (roughly from $3.89B in 2022 to about $2.92B in 2025 Q4), with a late-2025 rebound that suggests possible stabilization after a multi-year downshift.
  • Gross margin stayed within a narrow band (roughly 24–26%), indicating pricing and mix have been relatively stable despite revenue volatility.
  • Capex has been moderate, with purchases of PPE around $88.6M in 2025 Q4 and around $114M in 2024 Q4, suggesting maintenance-level investment rather than aggressive expansion.
  • Financing activities have generally drained cash: notable negative cash flows from financing in multiple quarters, including about -$1.306B in 2025 Q1 and -$676.5M in 2025 Q4, implying ongoing external funding needs.
  • Leverage remains elevated: Long-term debt has been in the $2.7B–$2.9B range across 2024–2025, contributing to a higher debt load relative to cash generation.
  • Net cash from operating activities did not consistently offset total cash outflows in some quarters: despite positive operating cash flow, the combined cash outflows in financing and investing activities led to negative net change in cash in certain periods (e.g., Q4 2025 net change in cash at -$22.3M).
05/15/26 04:39 AM ETAI Generated. May Contain Errors.

AGCO Financials - Frequently Asked Questions

According to the most recent income statement we have on file, AGCO's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

AGCO's net income appears to be on an upward trend, with a most recent value of $719 million in 2025, rising from $264 million in 2015. The previous period was -$485.60 million in 2024. Check out AGCO's forecast to explore projected trends and price targets.

AGCO's total operating income in 2025 was $595.70 million, based on the following breakdown:
  • Total Gross Profit: $2.57 billion
  • Total Operating Expenses: $1.96 billion

Over the last 10 years, AGCO's total revenue changed from $7.47 billion in 2015 to $10.08 billion in 2025, a change of 35.0%.

AGCO's total liabilities were at $7.36 billion at the end of 2025, a 2.9% increase from 2024, and a 103.5% increase since 2015.

In the past 10 years, AGCO's cash and equivalents has ranged from $326.10 million in 2018 to $1.12 billion in 2020, and is currently $861.80 million as of their latest financial filing in 2025.

Over the last 10 years, AGCO's book value per share changed from 33.19 in 2015 to 57.27 in 2025, a change of 72.6%.


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Financial statements for NYSE:AGCO last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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