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Stock research / United States / AGCO · Farm Machinery & Equipment · NYSE

Agco Corp. (AGCO)

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Agco Corp. (AGCO) reported revenue of $2.6 billion for Q2 FY2026, the quarter ended 30 June 2026, down 1.0% on the same quarter a year earlier. Net income was $77 million, down 75.5% on the year, and diluted earnings per share $1.08. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$2.6 billiondown 1.0%
Net income$77 milliondown 75.5%
Diluted EPS$1.08
QuarterQ2 FY2026ended 30 June 2026

Agco (AGCO) in brief

Agco (AGCO) reported revenue of $10.1 billion for fiscal 2025, the year ended 31 December 2025, down 13.5% on the year before.
Read moreNet income was $726 million and diluted earnings per share $9.75. Revenue was $11.7 billion in fiscal 2024, $14.4 billion in fiscal 2023, $12.7 billion in fiscal 2022 and $11.1 billion in fiscal 2021. Net income in the same years was a loss of $425 million, $1.2 billion, $890 million and $897 million. Over the twelve months to 30 June 2026, Agco reported revenue of $10.3 billion and net income of $533 million. Revenue grew 2.0% a year, compounded, over the five years to fiscal 2025. Agco declared $1.17 a share in dividends over the last four quarters and had 70 million shares outstanding at the latest filed count. At 30 June 2026 it carried $2.6 billion of debt and $573 million of cash. At the close of 8 October 2026 the market cap of Agco was $7.6 billion, 15.0 times its earnings over the last twelve months.

Ratios

From the filings

ROE13.1%
ROCE9.0%
Operating margin5.8%
Net margin5.2%
FCF margin3.2%
Interest covern/a
Debt to equity0.65
Cash conversion1.11
Share count, 1 year-6.2%
Sales CAGR, 3 years-7.3%
Profit CAGR, 3 years-6.5%
EPS, TTM$7.23

At the close of 8 October 2026

Price$108.13
Market cap$7.6 billion
Stock P/E14.96
Price to book1.85
EV / EBITDA10.21
Dividend yield1.1%
Market cap / sales0.73
52-week high$140.49
52-week low$98.45
Price, 1 year-0.9%
Price CAGR, 3 years-3.6%
Price CAGR, 5 years-3.2%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Agco Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
AGCOgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on AGCO

Filings19 in twelve months: 11 current reports (8-K), about 4 officer or director change; 4 results of operations; 1 charter or bylaw amendment, or fiscal year change; 1 shareholder vote
Planned insider sales7 Form 144 notices in twelve months, $1.4 million; latest 15 September 2026
Options tapeput/call 0.2 by open interest at the 8 October 2026 close; the straddle prices a 4.8% move to 16 October 2026
13F holders8 of the followed funds hold it; largest Geode Capital Management; 1 Schedule 13D or 13G filing in twelve months
Insider trading10 sales and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest3.5 million shares short, 2.64 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023 †Q4 FY2023 * †Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue3,4563,8012,9293,2472,5992,8872,0502,6352,4762,9202,3432,610
Cost of revenue2,5222,8182,1592,4091,9962,1991,5301,9761,8302,1791,7621,964
Gross profit934983770838603689521659646741581646
Gross margin27%26%26%26%23%24%25%25%26%25%25%25%
R&D14022.9n/an/an/an/an/an/an/an/an/an/a
SG&A356417350380344323326326341316339336
Operating income424393274-242115-26949.416415223180.7141
Operating margin12%10%9%-7%4%-9%2%6%6%8%3%5%
Pre-tax income334251221-33728.6-346-1.497.334416239.0108
Tax rate23%-30%31%n/a42%n/an/a-211%14%48%12%37%
Net income281339168-36730.0-25610.531530695.555.077.2
Net margin8%9%6%-11%1%-9%1%12%12%3%2%3%
Diluted EPS$3.74$4.53$2.25-$4.92$0.40-$3.42$0.14$4.22$4.09$1.30$0.76$1.08
Operating cash flow568900-37023626.5798-21236671.0764-410165
Capital expenditure12116095.098.086.311448.242.268.988.644.657.2
Free cash flow447740-465138-59.8684-2603242.1675-455108
Dividends paid21.721.621.620821.621.621.621.721.621.621.021.0
Shares outstanding75m75m75m75m75m74m75m75m75m73m72m70m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Revenue9,7247,4677,4108,3069,3529,0419,15011,13812,65114,41211,66210,08210,349
Cost of revenue7,6575,9075,8956,5417,3557,0577,0928,5669,65010,6358,7637,5157,734
Gross profit2,0661,5611,5161,7651,9971,9842,0582,5723,0013,7772,8992,5672,615
Gross margin21.3%20.9%20.5%21.3%21.4%21.9%22.5%23.1%23.7%26.2%24.9%25.5%25.3%
Research and development337282298323355343343273315421381374n/a
Selling, general and administrative9958528659651,0691,0401,0021,0881,1901,4541,3981,3091,332
Operating income6463612874044893486001,0011,2651,700-122596604
Operating margin6.6%4.8%3.9%4.9%5.2%3.9%6.6%9.0%10.0%11.8%-1.0%5.9%5.8%
Interest expense71.964.165.454.561.928.824.925.446.068.8n/an/an/a
Pre-tax income5392792052843602615629441,1071,334-434602653
Income tax18872.592.213411118118810829723098.4-77.4171
Effective tax rate34.8%25.9%45.0%47.1%30.8%69.2%33.4%11.5%26.8%17.3%n/a-12.9%26.2%
Net income4102661601862861254278978901,171-425726533
Net margin4.2%3.6%2.2%2.2%3.1%1.4%4.7%8.1%7.0%8.1%-3.6%7.2%5.2%
Diluted EPS$4.36$3.06$1.96$2.32$3.58$1.63$5.65$11.85$11.87$15.63-$5.69$9.75$7.23
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2025Share
latest year
Europe/ Middle East6,73766.8%
North America1,66616.5%
South America1,11611.1%
Asia/ Pacific/Africa5645.6%
Europe/ Middle EastNorth AmericaSouth AmericaAsia/ Pacific/Africa
10.1FY2025

$ billion; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Tractors8,7117,0596,69366.4%
Replacement parts1,8161,8281,87318.6%
Combines, application equipment and other machinery2,8231,9421,51415.0%
Grain storage and protein production systems1,0638321.30.0%
TractorsReplacement partsCombines, application equipment and other machineryGrain storage and protein production systems
14.4FY202311.7FY202410.1FY2025

$ billion; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024Share
latest year
United States2,9622,22919.1%
Germany1,7501,73314.9%
Other Europe1,8721,55713.4%
France1,4941,38411.9%
Brazil1,8609648.3%
Finland and Scandinavia8377796.7%
United Kingdom and Ireland7035404.6%
Canada6384894.2%
Middle East and Algeria4284333.7%
Italy4573873.3%
Other South America3583392.9%
Australia and New Zealand3783152.7%
Asia3632592.2%
Mexico, Central America and Caribbean1691461.3%
Africa1441090.9%
United StatesGermanyOther EuropeFranceBrazilFinland and ScandinaviaUnited Kingdom and IrelandOther
14.4FY202311.7FY2024

$ billion; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Operating cash flow4385243705785966968966608381,103690988590
Capital expenditure302211201204203273270270388518393248259
Free cash flow137313168374393422627390450585297740330
Free cash flow margin1.4%4.2%2.3%4.5%4.2%4.7%6.8%3.5%3.6%4.1%2.5%7.3%3.2%
Cash from investing-433-241-598-494-206-272-242-288-497-546-1,650-28.3116
Cash from financing-662-153236-177-413-31322.7-540-407-6721,046-729-903
Depreciation and amortisation280260275280290272272282270288332328340
Share-based compensation-10.812.218.138.246.341.337.627.434.046.418.428.438.4
Buybacks5002882120.018413055.01350.053.022.0250n/a
Dividends paid40.842.042.544.547.148.048.035840445727386.585.2
Dividend per share$0.44$0.48$0.52$0.56$0.60$0.63$0.63$4.74$5.40$6.10$3.66$1.16$1.17
Diluted shares, weighted94m87m82m80m80m77m76m76m75m75m75m74m71m
Shares outstanding at period end89m84m79m80m77m75m75m74m75m75m74m73m70m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity3,4482,8382,7763,0302,9332,8542,9803,4163,8824,6573,7434,2744,081
Non-controlling interest48.445.061.165.760.653.238.027.90.20.10.0n/an/a
Redeemable equity0.0n/an/an/an/an/an/an/an/a0.0300299292
Short-term borrowingsn/an/an/a90.8n/an/a33.890.88.9n/an/an/an/a
Debt1,0921,2311,6951,7141,3481,1951,5831,4131,4521,3802,5582,3852,640
Operating lease liabilitiesn/an/an/an/a0.0149126116125134128122112
Finance lease liabilitiesn/an/an/an/an/a12.09.86.05.45.45.15.7n/a
Other liabilities2,7802,3872,6363,0723,2853,4973,7344,1134,6305,2454,4574,8434,754
Total liabilities and equity7,3696,5017,1687,9727,6267,7608,5049,18210,10411,42111,19111,92811,878
Owned
Fixed assets1,5301,3471,3611,4851,3731,4161,5081,4651,591n/an/an/an/a
Goodwill1,1931,1141,3761,5411,4961,2981,3061,2811,3111,3331,8201,8991,883
Intangible assets554508607649573502456392364309729673645
Trading assetsn/a6.6n/an/an/an/an/an/an/an/an/an/an/a
Cash and equivalents3644274303683264331,119889790596613862573
Inventory1,7511,4231,5151,8731,9092,0791,9742,5943,1903,4412,7312,7093,007
Other assets1,9731,6751,8792,0551,9502,0322,1402,5622,8585,7435,2975,7855,770
Total assets7,3656,5017,1687,9727,6267,7608,5049,18210,10411,42111,19111,92811,878
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded3.0%2.0%-7.3%1.7%
Profit growth, compounded10.6%11.2%-6.5%435.5%
Return on equity, average12.0%16.0%10.3%17.0%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Machinery

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Deere & Co. DE$176.0 billion36.2517.4%13.4%8.0%2.281.0%
Regal Rexnord Corp. RRX$10.7 billion32.994.7%11.7%3.5%0.660.9%
Donaldson Co. Inc. DCI$10.1 billion22.6425.7%15.4%5.3%0.731.4%
Toro Co. TTC$9.2 billion25.8927.2%10.3%5.2%0.721.6%
Flowserve Corp. FLS$8.9 billion24.4416.4%8.5%-0.3%0.941.2%
Pentair plc PNR$8.5 billion13.1417.4%20.3%-2.1%0.431.9%
SPX Technologies, Inc. SPXC$8.4 billion30.3211.9%16.2%20.6%0.260.4%
Timken Co. TKR$7.9 billion30.998.1%10.5%5.5%0.641.2%
Agco Corp. AGCO$7.6 billion14.9613.1%5.8%1.7%0.651.1%
Aaon, Inc. AAON$7.1 billion44.7715.8%11.0%53.5%0.430.5%
NOV Inc. NOV$6.8 billion73.041.5%5.1%-1.7%0.272.7%
Weatherford International plc WFRD$5.5 billion15.1720.5%12.7%-7.2%0.811.3%
All 41 in Machinery
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
ASML Holding N.V. ASML *$695.7 billion64.8849.0%34.6%15.6%0.22n/a
Lam Research Corp. LRCX$401.1 billion55.6658.3%35.3%26.0%0.300.3%
Caterpillar Inc. CAT$366.0 billion34.2755.9%17.5%18.4%1.440.7%
Deere & Co. DE$176.0 billion36.2517.4%13.4%8.0%2.281.0%
Eaton Corp. plc ETN$164.9 billion43.1918.9%n/a15.5%0.911.0%
Johnson Controls International plc JCI$94.0 billion26.7826.5%n/a6.8%0.621.0%
Illinois Tool Works Inc. ITW$75.4 billion24.00110.3%26.5%4.3%3.352.3%
Cummins Inc. CMI$71.6 billion26.5921.1%11.2%2.9%0.521.5%
Baker Hughes Co. BKR$55.9 billion18.1615.6%n/a0.4%0.82n/a
Carrier Global Corp. CARR$46.4 billion38.509.1%7.8%-1.6%0.771.2%
Ingersoll Rand Inc. IR$30.3 billion32.109.4%18.1%7.8%0.40n/a
TechnipFMC plc FTI$27.4 billion24.1835.9%16.0%9.9%0.120.3%
nVent Electric plc NVT$26.6 billion44.8615.0%17.1%46.2%0.370.5%
Dover Corp. DOV$25.4 billion22.7714.7%16.9%7.6%0.421.1%
Xylem Inc. XYL$23.8 billion24.289.8%14.5%4.5%0.281.6%
Curtiss Wright Corp. CW$18.7 billion34.9119.5%18.8%10.5%0.350.2%
Nordson Corp. NDSN$18.2 billion33.0517.0%26.9%7.0%0.531.0%
Zebra Technologies Corp. ZBRA$18.1 billion34.9615.7%14.7%12.7%0.81n/a
ITT Inc. ITT$17.8 billion38.968.8%14.4%28.1%0.620.7%
Idex Corp. IEX$17.1 billion33.3513.0%20.7%7.3%0.471.2%
RBC Bearings Inc. RBC$16.4 billion49.489.3%23.6%17.3%0.230.0%
CNH Industrial N.V. CNH$15.4 billion49.844.0%n/a0.6%3.332.0%
Lincoln Electric Holdings Inc. LECO$14.1 billion25.8535.6%17.1%9.3%0.741.2%
BWX Technologies, Inc. BWXT$13.0 billion36.8426.6%12.1%22.7%1.510.7%
Graco Inc. GGG$12.7 billion24.6421.1%28.1%4.6%0.011.4%
Lennox International Inc. LII$12.6 billion16.3460.8%19.7%-2.1%0.891.4%
Moog Inc. MOG.A$11.6 billion30.6517.0%13.3%15.6%0.410.3%
Regal Rexnord Corp. RRX$10.7 billion32.994.7%11.7%3.5%0.660.9%
Donaldson Co. Inc. DCI$10.1 billion22.6425.7%15.4%5.3%0.731.4%
Toro Co. TTC$9.2 billion25.8927.2%10.3%5.2%0.721.6%
Flowserve Corp. FLS$8.9 billion24.4416.4%8.5%-0.3%0.941.2%
Pentair plc PNR$8.5 billion13.1417.4%20.3%-2.1%0.431.9%
SPX Technologies, Inc. SPXC$8.4 billion30.3211.9%16.2%20.6%0.260.4%
Timken Co. TKR$7.9 billion30.998.1%10.5%5.5%0.641.2%
Agco Corp. AGCO$7.6 billion14.9613.1%5.8%1.7%0.651.1%
Aaon, Inc. AAON$7.1 billion44.7715.8%11.0%53.5%0.430.5%
NOV Inc. NOV$6.8 billion73.041.5%5.1%-1.7%0.272.7%
Weatherford International plc WFRD$5.5 billion15.1720.5%12.7%-7.2%0.811.3%
Middleby Corp. MIDD$4.8 billionn/a-21.3%16.5%8.4%0.88n/a
Brunswick Corp. BC$4.0 billionn/a-5.1%-0.4%10.5%1.252.8%
Esab Corp. ESAB$4.0 billion23.256.8%12.1%9.7%0.940.6%
1 company shares its SEC industry code (Farm Machinery & Equipment); the rest are the names nearest in size in its wider industry, Machinery, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 20265 May 2026EDGAR
10-K31 December 202513 February 2026EDGAR
10-Q30 September 202531 October 2025EDGAR
10-Q30 June 202531 July 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-K31 December 202424 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR
10-Q31 March 20243 May 2024EDGAR

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