This page shows Agco Corp (AGCO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Agco Corp has an operating margin of 5.9%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 35/100, indicating healthy but not exceptional operating efficiency. This is up from -1.1% the prior year.
Agco Corp's revenue declined 13.5% year-over-year, from $11.7B to $10.1B. This contraction results in a growth score of 11/100.
Agco Corp carries a low D/E ratio of 0.54, meaning only $0.54 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 91/100, indicating a strong balance sheet with room for future borrowing.
Agco Corp's current ratio of 1.39 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 23/100, which could limit financial flexibility.
Agco Corp has a free cash flow margin of 7.3%, earning a moderate score of 43/100. The company generates positive cash flow after capital investments, but with room for improvement.
Agco Corp's ROE of 17.0% shows moderate profitability relative to equity, earning a score of 49/100. This is up from -11.3% the prior year.
Agco Corp scores 2.54, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Agco Corp passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Agco Corp generates $1.36 in operating cash flow ($988.1M OCF vs $726.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Agco Corp earns $4.8 in operating income for every $1 of interest expense ($595.7M vs $123.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Agco Corp generated $10.1B in revenue in fiscal year 2025. This represents a decrease of 13.5% from the prior year.
Agco Corp's EBITDA was $923.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 338.6% from the prior year.
Agco Corp reported $726.5M in net income in fiscal year 2025. This represents an increase of 271.0% from the prior year.
Agco Corp earned $9.75 per diluted share (EPS) in fiscal year 2025. This represents an increase of 271.4% from the prior year.
Cash & Balance Sheet
Agco Corp generated $740.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 149.6% from the prior year.
Agco Corp held $861.8M in cash against $2.3B in long-term debt as of fiscal year 2025.
Agco Corp paid $1.16 per share in dividends in fiscal year 2025. This represents a decrease of 68.3% from the prior year.
Agco Corp had 72M shares outstanding in fiscal year 2025. This represents a decrease of 2.9% from the prior year.
Margins & Returns
Agco Corp's gross margin was 25.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the prior year.
Agco Corp's operating margin was 5.9% in fiscal year 2025, reflecting core business profitability. This is up 7.0 percentage points from the prior year.
Agco Corp's net profit margin was 7.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 10.8 percentage points from the prior year.
Agco Corp's ROE was 17.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 28.4 percentage points from the prior year.
Capital Allocation
Agco Corp invested $374.5M in research and development in fiscal year 2025. This represents a decrease of 1.8% from the prior year.
Agco Corp spent $250.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 1036.4% from the prior year.
Agco Corp invested $247.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 37.0% from the prior year.
AGCO Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.9B+17.9% | $2.5B-6.0% | $2.6B+28.5% | $2.1B-29.0% | $2.9B+11.1% | $2.6B-19.9% | $3.2B+10.9% | $2.9B |
| Cost of Revenue | $2.2B+19.1% | $1.8B-7.4% | $2.0B+29.2% | $1.5B-30.4% | $2.2B+10.1% | $2.0B-17.1% | $2.4B+11.6% | $2.2B |
| Gross Profit | $741.1M+14.6% | $646.5M-1.8% | $658.6M+26.5% | $520.6M-24.4% | $688.7M+14.2% | $603.1M-28.0% | $837.5M+8.8% | $769.8M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $316.3M-7.2% | $340.8M+4.4% | $326.4M+0.2% | $325.8M+0.8% | $323.2M-6.1% | $344.3M-9.3% | $379.8M+8.4% | $350.4M |
| Operating Income | $230.7M+52.2% | $151.6M-7.6% | $164.0M+232.0% | $49.4M+118.4% | -$268.8M-334.1% | $114.8M+147.5% | -$241.7M-188.3% | $273.6M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$1.9M |
| Income Tax | $77.3M+58.4% | $48.8M+123.7% | -$205.5M-10375.0% | $2.0M+108.3% | -$24.2M-303.4% | $11.9M-71.4% | $41.6M-39.8% | $69.1M |
| Net Income | $95.5M-68.8% | $305.7M-2.9% | $314.8M+2898.1% | $10.5M+104.1% | -$255.7M-952.3% | $30.0M+108.2% | -$367.1M-318.5% | $168.0M |
| EPS (Diluted) | N/A | $4.09-3.1% | $4.22+2914.3% | $0.14 | N/A | $0.40+108.1% | $-4.92-318.7% | $2.25 |
AGCO Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.9B-4.3% | $12.5B+1.3% | $12.3B+7.2% | $11.5B+2.6% | $11.2B-17.1% | $13.5B-0.8% | $13.6B+1.2% | $13.5B |
| Current Assets | $5.2B-9.2% | $5.7B+1.7% | $5.6B+6.4% | $5.3B+2.9% | $5.1B-21.4% | $6.5B-1.5% | $6.6B-20.7% | $8.4B |
| Cash & Equivalents | $861.8M-2.5% | $884.1M+12.8% | $783.9M+39.3% | $562.6M-8.2% | $612.7M-1.6% | $622.6M-5.3% | $657.3M-73.2% | $2.5B |
| Inventory | $2.7B-12.1% | $3.1B-0.5% | $3.1B+4.7% | $3.0B+8.3% | $2.7B-20.7% | $3.4B-1.6% | $3.5B-7.5% | $3.8B |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $1.9B-0.1% | $1.9B+0.1% | $1.9B+3.0% | $1.8B+1.3% | $1.8B-22.8% | $2.4B-2.1% | $2.4B+81.6% | $1.3B |
| Total Liabilities | $7.4B-4.2% | $7.7B-2.1% | $7.8B+6.3% | $7.4B+3.1% | $7.1B-20.8% | $9.0B-0.4% | $9.1B+4.0% | $8.7B |
| Current Liabilities | $3.7B+2.8% | $3.6B-4.6% | $3.8B+9.9% | $3.5B-9.5% | $3.8B-10.6% | $4.3B-1.9% | $4.4B+3.6% | $4.2B |
| Long-Term Debt | $2.3B-15.0% | $2.7B-0.8% | $2.8B0.0% | $2.8B+23.5% | $2.2B-38.1% | $3.6B+0.4% | $3.6B+4.9% | $3.4B |
| Total Equity | $4.3B-4.8% | $4.5B+7.7% | $4.2B+9.4% | $3.8B+1.8% | $3.7B-9.8% | $4.1B+2.3% | $4.1B-14.7% | $4.8B |
| Retained Earnings | $6.0B-2.6% | $6.2B+4.8% | $5.9B+5.2% | $5.6B-0.3% | $5.6B-4.9% | $5.9B+0.1% | $5.9B-8.8% | $6.5B |
AGCO Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $763.6M+975.5% | $71.0M-80.6% | $365.7M+272.3% | -$212.2M-126.6% | $797.9M+2910.9% | $26.5M-88.7% | $235.5M+163.6% | -$370.0M |
| Capital Expenditures | $88.6M+28.6% | $68.9M+63.3% | $42.2M-12.4% | $48.2M-57.7% | $114.0M+32.1% | $86.3M-11.9% | $98.0M+3.2% | $95.0M |
| Free Cash Flow | $675.0M+32042.9% | $2.1M-99.4% | $323.5M+224.2% | -$260.4M-138.1% | $683.9M+1243.6% | -$59.8M-143.5% | $137.5M+129.6% | -$465.0M |
| Investing Cash Flow | -$109.5M-157.8% | $189.3M+433.3% | -$56.8M-10.7% | -$51.3M-109.7% | $531.1M+708.4% | -$87.3M+95.6% | -$2.0B-2009.1% | -$94.8M |
| Financing Cash Flow | -$676.5M-348.6% | -$150.8M-40.8% | -$107.1M-152.2% | $205.2M+115.7% | -$1.3B-8312.6% | $15.9M+1093.8% | -$1.6M-100.1% | $2.3B |
| Dividends Paid | $21.6M0.0% | $21.6M-0.5% | $21.7M+0.5% | $21.6M0.0% | $21.6M0.0% | $21.6M-89.6% | $208.3M+864.4% | $21.6M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
AGCO Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.4%-0.7pp | 26.1%+1.1pp | 25.0%-0.4pp | 25.4%+1.5pp | 23.8%+0.6pp | 23.2%-2.6pp | 25.8%-0.5pp | 26.3% |
| Operating Margin | 7.9%+1.8pp | 6.1%-0.1pp | 6.2%+3.8pp | 2.4%+11.7pp | -9.3%-13.7pp | 4.4%+11.9pp | -7.4%-16.8pp | 9.3% |
| Net Margin | 3.3%-9.1pp | 12.3%+0.4pp | 11.9%+11.4pp | 0.5%+9.4pp | -8.9%-10.0pp | 1.1%+12.5pp | -11.3%-17.1pp | 5.7% |
| Return on Equity | 2.2%-4.6pp | 6.8%-0.7pp | 7.5%+7.3pp | 0.3%+7.1pp | -6.8%-7.5pp | 0.7%+9.8pp | -9.1%-12.6pp | 3.5% |
| Return on Assets | 0.8%-1.7pp | 2.5%-0.1pp | 2.6%+2.5pp | 0.1%+2.4pp | -2.3%-2.5pp | 0.2%+2.9pp | -2.7%-4.0pp | 1.3% |
| Current Ratio | 1.39-0.2 | 1.58+0.1 | 1.48-0.0 | 1.53+0.2 | 1.34-0.2 | 1.530.0 | 1.52-0.5 | 1.99 |
| Debt-to-Equity | 0.54-0.1 | 0.61-0.1 | 0.66-0.1 | 0.72+0.1 | 0.60-0.3 | 0.87-0.0 | 0.89+0.2 | 0.72 |
| FCF Margin | 23.1%+23.0pp | 0.1%-12.2pp | 12.3%+25.0pp | -12.7%-36.4pp | 23.7%+26.0pp | -2.3%-6.5pp | 4.2%+20.1pp | -15.9% |
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Frequently Asked Questions
What is Agco Corp's annual revenue?
Agco Corp (AGCO) reported $10.1B in total revenue for fiscal year 2025. This represents a -13.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Agco Corp's revenue growing?
Agco Corp (AGCO) revenue declined by 13.5% year-over-year, from $11.7B to $10.1B in fiscal year 2025.
Is Agco Corp profitable?
Yes, Agco Corp (AGCO) reported a net income of $726.5M in fiscal year 2025, with a net profit margin of 7.2%.
What is Agco Corp's EBITDA?
Agco Corp (AGCO) had EBITDA of $923.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Agco Corp have?
As of fiscal year 2025, Agco Corp (AGCO) had $861.8M in cash and equivalents against $2.3B in long-term debt.
What is Agco Corp's gross margin?
Agco Corp (AGCO) had a gross margin of 25.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Agco Corp's operating margin?
Agco Corp (AGCO) had an operating margin of 5.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Agco Corp's net profit margin?
Agco Corp (AGCO) had a net profit margin of 7.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Agco Corp pay dividends?
Yes, Agco Corp (AGCO) paid $1.16 per share in dividends during fiscal year 2025.
What is Agco Corp's return on equity (ROE)?
Agco Corp (AGCO) has a return on equity of 17.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Agco Corp's free cash flow?
Agco Corp (AGCO) generated $740.2M in free cash flow during fiscal year 2025. This represents a 149.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Agco Corp's operating cash flow?
Agco Corp (AGCO) generated $988.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Agco Corp's total assets?
Agco Corp (AGCO) had $11.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Agco Corp's capital expenditures?
Agco Corp (AGCO) invested $247.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Agco Corp spend on research and development?
Agco Corp (AGCO) invested $374.5M in research and development during fiscal year 2025.
What is Agco Corp's current ratio?
Agco Corp (AGCO) had a current ratio of 1.39 as of fiscal year 2025, which is considered adequate.
What is Agco Corp's debt-to-equity ratio?
Agco Corp (AGCO) had a debt-to-equity ratio of 0.54 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Agco Corp's return on assets (ROA)?
Agco Corp (AGCO) had a return on assets of 6.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Agco Corp's Altman Z-Score?
Agco Corp (AGCO) has an Altman Z-Score of 2.54, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Agco Corp's Piotroski F-Score?
Agco Corp (AGCO) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Agco Corp's earnings high quality?
Agco Corp (AGCO) has an earnings quality ratio of 1.36x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Agco Corp cover its interest payments?
Agco Corp (AGCO) has an interest coverage ratio of 4.8x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Agco Corp?
Agco Corp (AGCO) scores 42 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.