AGCONYSEFarm Machinery & EquipmentFiscal year ends December 31
AGCO CORP /DE
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$102.12−1.60 (-1.54%)
Close on Oct 19, 2026
- Market cap
- $7.27B
- P/E (TTM)
- 14.1
- Dividend yield
- 1.14%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
25.5%+3.0 pts over 5 years
Operating margin
5.9%−0.6 pts over 5 years
Net margin
7.2%+2.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -13.5% | -7.3% | +2.0% | +3.0% | |
| Gross profit | -11.5% | -5.1% | +4.5% | +5.1% | |
| Operating income | – | -22.2% | -0.1% | +5.1% | |
| Net income | – | -6.5% | +11.2% | +10.6% | |
| EPS, diluted | – | -6.3% | +11.5% | +12.3% | |
| Free cash flow | +149.6% | +18.1% | +3.4% | +9.0% | |
| Dividend per share | -68.3% | -40.1% | +13.0% | +9.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 5.7% | 14.6% | 18.1% | |
| Return on assets | 2.3% | 5.3% | 6.3% | |
| Current ratio | 1.48 | 1.30 | 1.39 | |
| Debt to equity | 0.61 | 0.54 | 0.57 | |
| Interest coverage | 4.4× | 24.1× | – | |
| Inventory turnover | 4.0× | 3.5× | 2.8× | |
| Capex to revenue | 2.7% | 2.9% | 2.5% | |
| Diluted shares | 82M | 76M | 75M |
Where the cash went
Fiscal 2021 to 2025, five years combined
AGCO generated $4.28B from operations and spent $3.86B on capital expenditure, dividends and share buybacks. 47% of that went back into the business.
Generated
$4.28B
Used
$3.86B
Capital expenditure$1.82B47%Dividends$1.58B41%Share buybacks$460.00M12%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin7.2%
×Asset turnover0.87×
×Equity multiplier2.88×
=Return on equity, FY202518.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 7.2% | 0.87× | 2.88× | 18.1% |
| FY2024 | -3.6% | 1.03× | 2.69× | -10.1% |
| FY2023 | 8.1% | 1.34× | 2.52× | 27.4% |
| FY2022 | 7.0% | 1.31× | 2.64× | 24.4% |
| FY2021 | 8.1% | 1.26× | 2.77× | 28.0% |
| FY2020 | 4.7% | 1.13× | 2.79× | 14.6% |
| FY2019 | 1.4% | 1.18× | 2.66× | 4.3% |
| FY2018 | 3.1% | 1.20× | 2.62× | 9.6% |
| FY2017 | 2.2% | 1.10× | 2.61× | 6.4% |
| FY2016 | 2.2% | 1.08× | 2.43× | 5.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$726.50M
- Cash generatingOperating cash flow above zero$988.10M
- Return on assets improvedROA up on the prior year-3.7% → 6.5%
- Earnings backed by cashOperating cash flow above net income$988.10M vs $726.50M
- Less leverageLong-term debt to assets fell20.0% → 19.5%
- Better liquidityCurrent ratio rose1.34 → 1.39
- No dilutionShare count did not rise75M → 75M
- Gross margin improvedGross margin up on the prior year24.86% → 25.46%
- More efficientAsset turnover rose1.02 → 0.90