Stocks · Industrials · Farm Machinery & Equipment

AGCO CORP /DE

AGCO Clue Score54
United States Fiscal year ends December CIK 0000880266
$103.28 -4.49% Close, 9 Oct 2026
Price $103.28 −17.04% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue7.41Operating income0.29Net income0.16EPS, diluted1.96Fiscal year 2017Revenue8.31 +12.1%Operating income0.40Net income0.19 +16.4%EPS, diluted2.32 +18.4%Fiscal year 2018Revenue9.35 +12.6%Operating income0.49Net income0.29 +53.2%EPS, diluted3.58 +54.3%Fiscal year 2019Revenue9.04 −3.3%Operating income0.35Net income0.13 −56.1%EPS, diluted1.63 −54.5%Fiscal year 2020Revenue9.15 +1.2%Operating income0.60Net income0.43 +241.1%EPS, diluted5.65 +246.6%Fiscal year 2021Revenue11.14 +21.7%Operating income1.00Net income0.90 +110.0%EPS, diluted11.85 +109.7%Fiscal year 2022Revenue12.65 +13.6%Operating income1.27Net income0.89 −0.8%EPS, diluted11.87 +0.2%Fiscal year 2023Revenue14.41 +13.9%Operating income1.70Net income1.17 +31.7%EPS, diluted15.63 +31.7%Fiscal year 2024Revenue11.66 −19.1%Operating income−0.12Net income−0.42 −136.3%EPS, diluted−5.69 −136.4%Fiscal year 2025Revenue10.08 −13.5%Operating income0.60Net income0.73EPS, diluted9.75
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 7.41 8.31 9.35 9.04 9.15 11.14 12.65 14.41 11.66 10.08
Growth +12.1% +12.6% −3.3% +1.2% +21.7% +13.6% +13.9% −19.1% −13.5%
Operating income 0.29 0.40 0.49 0.35 0.60 1.00 1.27 1.70 −0.12 0.60
Net income 0.16 0.19 0.29 0.13 0.43 0.90 0.89 1.17 −0.42 0.73
Growth +16.4% +53.2% −56.1% +241.1% +110.0% −0.8% +31.7% −136.3%
EPS, diluted 1.96 2.32 3.58 1.63 5.65 11.85 11.87 15.63 −5.69 9.75
Growth +18.4% +54.3% −54.5% +246.6% +109.7% +0.2% +31.7% −136.4%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin20.5%Operating margin3.9%Net margin2.2%Free cash flow margin2.3%Fiscal year 2017Gross margin21.3%Operating margin4.9%Net margin2.2%Free cash flow margin4.5%Fiscal year 2018Gross margin21.4%Operating margin5.2%Net margin3.1%Free cash flow margin4.2%Fiscal year 2019Gross margin21.9%Operating margin3.9%Net margin1.4%Free cash flow margin4.7%Fiscal year 2020Gross margin22.5%Operating margin6.6%Net margin4.7%Free cash flow margin6.8%Fiscal year 2021Gross margin23.1%Operating margin9.0%Net margin8.1%Free cash flow margin3.5%Fiscal year 2022Gross margin23.7%Operating margin10.0%Net margin7.0%Free cash flow margin3.6%Fiscal year 2023Gross margin26.2%Operating margin11.8%Net margin8.1%Free cash flow margin4.1%Fiscal year 2024Gross margin24.9%Operating margin−1.0%Net margin−3.6%Free cash flow margin2.5%Fiscal year 2025Gross margin25.5%Operating margin5.9%Net margin7.2%Free cash flow margin7.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 20.5% 21.3% 21.4% 21.9% 22.5% 23.1% 23.7% 26.2% 24.9% 25.5%
Operating margin 3.9% 4.9% 5.2% 3.9% 6.6% 9.0% 10.0% 11.8% −1.0% 5.9%
Net margin 2.2% 2.2% 3.1% 1.4% 4.7% 8.1% 7.0% 8.1% −3.6% 7.2%
Free cash flow margin 2.3% 4.5% 4.2% 4.7% 6.8% 3.5% 3.6% 4.1% 2.5% 7.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.37Capital expenditure−0.20Free cash flow0.17Buybacks−0.21Dividends paid−0.04Fiscal year 2017Operating cash flow0.58Capital expenditure−0.20Free cash flow0.37 +121.8%Buybacks0.00Dividends paid−0.04Fiscal year 2018Operating cash flow0.60Capital expenditure−0.20Free cash flow0.39 +5.1%Buybacks−0.18Dividends paid−0.05Fiscal year 2019Operating cash flow0.70Capital expenditure−0.27Free cash flow0.42 +7.6%Buybacks−0.13Dividends paid−0.05Fiscal year 2020Operating cash flow0.90Capital expenditure−0.27Free cash flow0.63 +48.3%Buybacks−0.06Dividends paid−0.05Fiscal year 2021Operating cash flow0.66Capital expenditure−0.27Free cash flow0.39 −37.7%Buybacks−0.14Dividends paid−0.36Fiscal year 2022Operating cash flow0.84Capital expenditure−0.39Free cash flow0.45 +15.2%Buybacks0.00Dividends paid−0.40Fiscal year 2023Operating cash flow1.10Capital expenditure−0.52Free cash flow0.59 +30.0%Buybacks−0.05Dividends paid−0.46Fiscal year 2024Operating cash flow0.69Capital expenditure−0.39Free cash flow0.30 −49.3%Buybacks−0.02Dividends paid−0.27Fiscal year 2025Operating cash flow0.99Capital expenditure−0.25Free cash flow0.74 +149.6%Buybacks−0.25Dividends paid−0.09
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.37 0.58 0.60 0.70 0.90 0.66 0.84 1.10 0.69 0.99
Capital expenditure −0.20 −0.20 −0.20 −0.27 −0.27 −0.27 −0.39 −0.52 −0.39 −0.25
Free cash flow 0.17 0.37 0.39 0.42 0.63 0.39 0.45 0.59 0.30 0.74
Growth +121.8% +5.1% +7.6% +48.3% −37.7% +15.2% +30.0% −49.3% +149.6%
Buybacks −0.21 0.00 −0.18 −0.13 −0.06 −0.14 0.00 −0.05 −0.02 −0.25
Dividends paid −0.04 −0.04 −0.05 −0.05 −0.05 −0.36 −0.40 −0.46 −0.27 −0.09

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.43Total debt1.70Net cash (debt)−1.27Shareholders’ equity2.78Debt to equity0.61Fiscal year 2017Cash0.37Total debt1.71Net cash (debt)−1.35Shareholders’ equity3.03Debt to equity0.57Fiscal year 2018Cash0.33Total debt1.35Net cash (debt)−1.02Shareholders’ equity2.93Debt to equity0.46Fiscal year 2019Cash0.43Total debt1.19Net cash (debt)−0.76Shareholders’ equity2.85Debt to equity0.42Fiscal year 2020Cash1.12Total debt1.58Net cash (debt)−0.46Shareholders’ equity2.98Debt to equity0.53Fiscal year 2021Cash0.89Total debt1.41Net cash (debt)−0.52Shareholders’ equity3.42Debt to equity0.41Fiscal year 2022Cash0.79Total debt1.45Net cash (debt)−0.66Shareholders’ equity3.88Debt to equity0.37Fiscal year 2023Cash0.60Total debt1.38Net cash (debt)−0.78Shareholders’ equity4.66Debt to equity0.30Fiscal year 2024Cash0.61Total debt2.23Net cash (debt)−1.62Shareholders’ equity3.74Debt to equity0.60Fiscal year 2025Cash0.86Total debt2.32Net cash (debt)−1.46Shareholders’ equity4.27Debt to equity0.54
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.43 0.37 0.33 0.43 1.12 0.89 0.79 0.60 0.61 0.86
Total debt 1.70 1.71 1.35 1.19 1.58 1.41 1.45 1.38 2.23 2.32
Net cash (debt) −1.27 −1.35 −1.02 −0.76 −0.46 −0.52 −0.66 −0.78 −1.62 −1.46
Shareholders’ equity 2.78 3.03 2.93 2.85 2.98 3.42 3.88 4.66 3.74 4.27
Debt to equity 0.61 0.57 0.46 0.42 0.53 0.41 0.37 0.30 0.60 0.54

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
0.43 0.37 0.33 0.43 1.12 0.89 0.79 0.60 0.61 0.86
1.51 1.87 1.91 2.08 1.97 2.59 3.19 3.44 2.73 2.71
1.36 1.49 1.37 1.42 1.51 1.46 1.59 n/a n/a n/a
1.38 1.54 1.50 1.30 1.31 1.28 1.31 1.33 1.82 1.90
7.17 7.97 7.63 7.76 8.50 9.18 10.10 11.42 11.19 11.93
Growth +11.2% −4.3% +1.7% +9.6% +8.0% +10.0% +13.0% −2.0% +6.6%
Liabilities
0.09 0.10 0.07 0.00 0.33 0.00 0.19 n/a n/a n/a
1.61 1.62 1.28 1.19 1.26 1.41 1.26 1.38 2.23 2.32
calc 1.70 1.71 1.35 1.19 1.58 1.41 1.45 1.38 2.23 2.32
4.33 4.88 4.63 4.85 5.49 5.74 6.22 6.76 7.15 7.36
Equity
4.11 4.25 4.48 4.44 4.76 5.18 5.65 6.36 5.65 6.05
2.78 3.03 2.93 2.85 2.98 3.42 3.88 4.66 3.74 4.27
Growth +9.1% −3.2% −2.7% +4.4% +14.6% +13.7% +19.9% −19.6% +14.2%
Per share and net cash
calc −1.27 −1.35 −1.02 −0.76 −0.46 −0.52 −0.66 −0.78 −1.62 −1.46
79.5 79.5 76.5 75.5 75.0 74.4 74.6 74.5 74.4 72.6
calc 34.93 38.12 38.32 37.81 39.75 45.89 52.04 62.49 50.29 58.84

Lines marked calc are worked out here from filed figures; point at one for how.