AGCO CORP /DE AGCO

Industrials SIC 3523 - Farm Machinery & Equipment NAICS Manufacturing › Machinery Manufacturing › Agriculture, Construction, and Mining Machinery Manufacturing › Agricultural Implement Manufacturing › Farm Machinery and Equipment Manufacturing derived NYSE

AGCO Corporation was incorporated in Delaware in 1991. Unless otherwise indicated, all references in this Form 10-K to "AGCO," "we," "us" or the "Company" include AGCO Corporation and its subsidiaries.

AGCO is a global leader in agricultural machinery and precision agriculture technologies. Driven by a Farmer-First strategy, AGCO delivers value through its differentiated leading brands, Fendt™, Massey Ferguson™, PTx™ and Valtra™. AGCO's high-performance equipment and smart farming solutions, including brand-agnostic retrofit technologies and autonomous offerings, empower farmers to drive productivity while sustainably feeding the world. We distribute most of our products through approximately 2,800 independent dealers and distributors in approximately 140 countries. We also provide retail and wholesale financing through our finance joint ventures with Coöperatieve Rabobank U.A., which, together with its affiliates, we refer to as "Rabobank." In 2024, we fundamentally shifted our portfolio through the PTx Trimble joint venture and the divestiture of the majority of our Grain & Protein ("G&P") business.

Last close 106.10 2026-10-23
Market cap $7.43B 2026-06-30 share count
52-week range 98.22 - 143.78

Valuation FY2025 figures against the last close

P/S0.7x
P/E10.9x
P/FCF10.0x
EV/EBITDA10.6x
Dividend yield1.2%
Diluted EPS9.75

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $10.08B$11.66B$14.41B$12.65B$11.14B$9.15B$9.04B$9.35B$8.31B$7.41B
Cost of revenue $7.52B$8.76B$10.63B$9.65B$8.57B$7.09B$7.06B$7.36B$6.54B$5.89B
Gross profit $2.57B$2.90B$3.78B$3.00B$2.57B$2.06B$1.98B$2.00B$1.77B$1.52B
R&D $374.5M$381.3M$420.9M$315.4M$272.9M$342.6M$343.4M$355.2M$323.4M$297.6M
SG&A $1.31B$1.40B$1.45B$1.19B$1.09B$1.00B$1.04B$1.07B$964.7M$864.6M
Operating income $595.7M-$122.1M$1.70B$1.27B$1.00B$599.7M$348.1M$489.0M$404.4M$287.0M
Interest expense $66.4M$93.0M$4.6M$13.0M$25.4M$24.9M$28.8M$61.9M$54.5M$65.4M
Pre-tax income $602.0M-$433.6M$1.33B$1.11B$944.3M$562.0M$261.1M$360.3M$283.8M$204.9M
Income tax $77.4M$98.4M$230.4M$296.6M$108.4M$187.7M$180.8M$110.9M$133.6M$92.2M
Net income $726.5M-$424.8M$1.17B$889.6M$897.0M$427.1M$125.2M$285.5M$186.4M$160.1M
EPS, basic 9.76-5.6915.6611.9211.935.691.643.622.341.97
EPS, diluted 9.75-5.6915.6311.8711.855.651.633.582.321.96
Shares, diluted (wtd. avg.) 74.5M74.7M74.9M74.9M75.7M75.6M77.0M79.7M80.2M81.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $861.8M$612.7M$595.5M$789.5M$889.1M$1.12B$432.8M$326.1M$367.7M$429.7M
Inventory $2.71B$2.73B$3.44B$3.19B$2.59B$1.97B$2.08B$1.91B$1.87B$1.51B
Total current assets $5.20B$5.14B$6.34B$5.74B$5.01B$4.37B$3.73B$3.54B$3.63B$3.17B
Property, plant and equipment ———$1.59B$1.46B$1.51B$1.42B$1.37B$1.49B$1.36B
Goodwill $1.90B$1.82B$1.33B$1.31B$1.28B$1.31B$1.30B$1.50B$1.54B$1.38B
Other intangibles $673.0M$728.9M$308.8M$364.4M$392.2M$455.6M$501.7M$573.1M$649.0M$607.3M
Total assets $11.93B$11.19B$11.42B$10.10B$9.18B$8.50B$7.76B$7.63B$7.97B$7.17B
Accounts payable $951.0M$813.0M$1.21B$1.39B$1.08B$855.1M$914.8M$865.9M$917.5M$722.6M
Short-term debt $117.7M$415.2M$15.0M$196.0M$2.1M$325.9M$2.9M$72.6M$95.4M$85.4M
Total current liabilities $3.73B$3.83B$4.34B$4.09B$3.45B$3.36B$2.88B$2.77B$2.65B$2.14B
Long-term debt $2.32B$2.23B$1.38B$1.26B$1.41B$1.26B$1.19B$1.28B$1.62B$1.61B
Total liabilities $7.36B$7.15B$6.76B$6.22B$5.74B$5.49B$4.85B$4.63B$4.88B$4.33B
Retained earnings $6.05B$5.64B$6.36B$5.65B$5.18B$4.76B$4.44B$4.48B$4.25B$4.11B
Total equity $4.27B$3.74B$4.66B$3.88B$3.44B$3.02B$2.91B$2.99B$3.10B$2.84B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $988.1M$689.9M$1.10B$838.2M$660.2M$896.5M$695.9M$595.9M$577.6M$369.5M
Depreciation and amortisation $256.5M$251.2M$230.4M$209.5M$220.7M$212.5M$210.9M$225.2M$222.8M$223.4M
Stock-based compensation $28.4M$18.4M$46.4M$34.0M$27.4M$37.6M$41.3M$46.3M$38.2M$18.1M
Capital expenditure $247.9M$393.3M$518.1M$388.3M$269.8M$269.9M$273.4M$203.3M$203.9M$201.0M
Investing cash flow -$28.3M-$1.65B-$545.7M-$496.8M-$288.4M-$241.7M-$271.6M-$205.5M-$493.7M-$598.3M
Financing cash flow -$729.2M$1.05B-$671.7M-$407.0M-$539.5M$22.7M-$313.4M-$413.3M-$176.7M$236.4M
Dividends paid $86.5M$273.1M$457.4M$404.3M$358.5M$48.0M$48.0M$47.1M$44.5M$42.5M
Buybacks $250.0M$22.0M$53.0M$0$135.0M$55.0M$130.0M$184.3M$0$212.5M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000880266-26-000010.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -5B 0 5B 10B 15B Revenue, FY2016: 7.4B Gross profit, FY2016: 1.5B Net income, FY2016: 160.1M Revenue, FY2017: 8.3B Gross profit, FY2017: 1.8B Net income, FY2017: 186.4M Revenue, FY2018: 9.4B Gross profit, FY2018: 2B Net income, FY2018: 285.5M Revenue, FY2019: 9B Gross profit, FY2019: 2B Net income, FY2019: 125.2M Revenue, FY2020: 9.1B Gross profit, FY2020: 2.1B Net income, FY2020: 427.1M Revenue, FY2021: 11.1B Gross profit, FY2021: 2.6B Net income, FY2021: 897M Revenue, FY2022: 12.7B Gross profit, FY2022: 3B Net income, FY2022: 889.6M Revenue, FY2023: 14.4B Gross profit, FY2023: 3.8B Net income, FY2023: 1.2B Revenue, FY2024: 11.7B Gross profit, FY2024: 2.9B Net income, FY2024: -424.8M Revenue, FY2025: 10.1B Gross profit, FY2025: 2.6B Net income, FY2025: 726.5M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $7.41B $8.31B $9.35B $9.04B $9.15B $11.14B $12.65B $14.41B $11.66B $10.08B
Gross profit $1.52B $1.77B $2.00B $1.98B $2.06B $2.57B $3.00B $3.78B $2.90B $2.57B
Net income $160.1M $186.4M $285.5M $125.2M $427.1M $897.0M $889.6M $1.17B -$424.8M $726.5M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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