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AGCO Corporation

AGCO Industrials Farm & Heavy Construction Machinery

AGCO Corporation’s revenue for fiscal 2025 (year ended December 2025) was $10.1 billion, down 13.5% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 74.4%, free cash flow fell 66.5% and total debt fell 8.02%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

103.72 2.48 −2.34%
Market cap
$7.4B
P/E
14.3×
Fwd P/E
20.4×
Dividend yield
1.14%
F-score
7/9
Altman Z
2.48
Beneish M
−2.70
Dividend safety
62/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.10
Total sells 110.10
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — 1 — —
Sell 1 — — 1 — — 1 — — 2 3 —
Insider Ownership 17.17%

Capital & Financial Ratios $m

Market Cap 7,440.00
Revenue 10,349.10
Net Income 523.10
Free Cash Flow 331.50
Net Debt 2,153.60
Current Ratio 1.32
Debt/Equity 0.67
P/E ratio 14.33
Fwd P/E 20.40
P/S ratio 0.71
P/B ratio 1.81
Past 5Y EPS Growth 11.53%
This Y EPS Growth 6.66%
Next Y EPS Growth 30.91% (at or above 15%: strong)
Next Y revenue growth 0.97%
Next 5Y EPS Growth 20.44% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.9×, against a ten-year median of 0.8×; over the ten years it ranged from 0.6× in 2020 to 1.2× in 2021.
P/E against its own 10 years 34.58%
10-year low 10-year high
P/S against its own 10 years 63.77%
10-year low 10-year high
P/B against its own 10 years 39.92%
10-year low 10-year high
EV/Sales against its own 10 years 71.58%
10-year low 10-year high
EV/FCF against its own 10 years 82.98%
10-year low 10-year high

Dividends

Payout Ratio 0.16
Annual Dividend Rate 1.18
Annual Dividend Yield 1.14%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.21
0.29
0.30
0.30
2025 1.16
0.29
0.29
0.29
0.29
2024 1.16
0.29
0.29
2.50
0.29
0.29
2023 1.11
0.24
0.29
5.00
0.29
0.29
2022 0.92
0.20
0.24
4.50
0.24
0.24
2021 0.76
0.16
4.00
0.20
0.20
0.20
2020 0.64
0.16
0.16
0.16
0.16
2019 0.63
0.15
0.16
0.16
0.16
2018 0.60
0.15
0.15
0.15
0.15
2017 0.56
0.14
0.14
0.14
0.14
2016 0.52
0.13
0.13
0.13
0.13
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 596 613 862 573
Receivables 1,605 1,267 1,079 1,232
Inventory 3,441 2,731 2,709 3,007
Other 699 527 546 525
6,341 5,138 5,196 5,338
2023 2024 2025 Q'26
Payables 1,207 813 951 1,031
ST’ Debt 15 415 118 547
Other 218 128 122 124
4,344 3,826 3,729 4,041

Compound Annual Growth %

10y 5y 3y
Sales 3.05% 1.96% (7.29%)
Cash Flow 6.54% 1.96% 5.64%
Earnings 10.55% 11.21% (6.53%)
Book Value 4.01% 7.20% 3.25%

Revenue $m

Mar Jun Sep Dec Year
’26 2,343 2,610 — — —
’25 2,051 2,635 2,476 2,920 10,082
’24 2,929 3,247 2,599 2,887 11,662
’23 3,334 3,823 3,456 3,801 14,412
’22 2,686 2,945 3,122 3,899 12,651
’21 2,379 2,879 2,725 3,155 11,138
’20 1,928 2,007 2,498 2,717 9,150
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (410) 165 — — —
’25 (212) 366 71 764 988
’24 (370) 236 27 798 690
’23 (557) 192 568 900 1,103
’22 (576) 10 271 1,133 838
’21 (315) 190 166 619 660
’20 (435) 214 446 672 897
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (455) 108 — — —
’25 (259) 324 3 675 742
’24 (465) 139 (59) 684 299
’23 (682) 81 452 747 597
’22 (642) (61) 140 1,016 453
’21 (379) 136 90 550 397
’20 (495) 157 381 587 629
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.76 1.08 — — —
’25 0.14 4.22 4.09 1.30 9.75
’24 2.25 (4.92) 0.40 (3.42) (5.69)
’23 3.10 4.26 3.74 4.53 15.63
’22 2.03 2.37 3.18 4.29 11.87
’21 1.99 3.73 2.40 3.75 11.85
’20 0.85 0.93 2.09 1.78 5.65
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 42.40 57.76 49.50 54.03 35.33 100.98 88.55 109.81 84.35 73.79

Analyst estimates 2026–2028

Powerpack
High 61.22 75.95 75.10 81.39 104.60 158.62 150.28 145.53 130.26 121.16
People
People Employees 19,800 20,500 21,200 21,000 21,400 23,300 25,600 27,900 24,000 22,000
Revenue/emp, $m 0.37 0.41 0.44 0.43 0.43 0.48 0.49 0.52 0.49 0.46
Income, $m
Income, $m Revenue 7,411 8,307 9,352 9,041 9,150 11,138 12,651 14,412 11,662 10,082
Gross margin, % 20.45 21.25 21.35 21.95 22.49 23.09 23.72 26.21 24.86 25.46
EBT 205 284 360 261 562 944 1,107 1,334 (434) 602
EBT margin, % 2.76 3.42 3.85 2.89 6.14 8.48 8.75 9.25 (3.72) 5.97
Net income 160 189 284 123 420 902 875 1,171 (486) 719
Depreciation 275 280 290 272 272 282 270 288 332 328
Per share, $
Per share, $ Revenue 91.04 104.48 118.68 118.65 122.00 148.12 169.59 192.68 156.33 135.51
Earnings 1.97 2.34 3.62 1.64 5.69 11.93 11.92 15.66 (5.69) 9.76
Cash flow 4.54 7.27 7.56 9.13 11.95 8.78 11.24 14.75 9.25 13.28
Capex (2.44) (2.51) (2.54) (3.52) (3.57) (3.50) (5.17) (6.77) (5.24) (3.31)
Free cash flow 2.10 4.75 5.02 5.61 8.38 5.28 6.07 7.98 4.00 9.98
Book value 34.86 38.93 37.99 38.15 40.24 45.80 52.05 62.26 50.17 57.44
Shares, m 81 80 79 76 75 75 75 75 75 74
Valuation, ×
Valuation, × P/E 29.45 30.61 15.29 47.69 18.09 9.73 11.52 7.80 0.00 10.69
P/S 0.64 0.69 0.47 0.65 0.85 0.78 0.81 0.63 0.60 0.77
P/B 1.67 1.84 1.47 2.02 2.56 2.53 2.64 1.96 1.86 1.82
EV/Sales 0.81 0.85 0.59 0.75 0.90 0.84 0.86 0.69 0.77 0.93
EV/FCF 35.18 18.64 14.01 15.91 13.09 23.54 24.11 16.64 30.16 12.58
Cash, $m
Cash, $m Operating cash flow 370 578 596 696 897 660 838 1,103 690 988
Capex (199) (200) (200) (268) (268) (263) (386) (506) (391) (246)
Free cash flow 171 378 396 427 629 397 453 597 299 742
Balance, $m
Balance, $m Working capital 1,021 977 771 845 1,006 1,560 1,651 1,997 1,312 1,467
Total debt 1,695 1,714 1,486 1,345 1,616 1,504 1,461 1,392 2,649 2,441
Net debt 1,266 1,346 1,160 912 497 615 671 797 2,036 1,579
Shareholders’ equity 2,837 3,095 2,994 2,907 3,018 3,444 3,883 4,657 3,743 4,274
Returns, %
Returns, % ROA 2.34 2.46 3.66 1.63 5.25 10.14 9.23 10.88 (3.76) 6.29
ROIC 4.37 5.69 7.36 5.70 10.66 15.42 17.37 19.49 (1.32) 6.36
ROE 5.60 6.28 9.38 4.24 14.42 27.76 24.28 27.44 (10.11) 18.13
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

AGCO Corporation vs peers in Farm & Heavy Construction Machinery (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
PCAR PACCAR Inc. $58.3B 23.3× 20.5× +0.48% (above 0%: growing) +3.62% (above 0%: growing) −16.22% (below 0%: shrinking) 20.64% 14.56% Compare
CNH CNH Industrial N.V. $14.8B 46.6× 27.5× +1.95% (above 0%: growing) −35.29% (below 0%: shrinking) −124.62% (below 0%: shrinking) 29.29% 13.66% Compare
OSK Oshkosh Corporation $8.0B 14.5× 12.2× +6.70% (above 0%: growing) −7.57% (below 0%: shrinking) +814.92% (above 0%: growing) 16.48% 8.34% Compare
AGCO AGCO Corporation $7.4B 14.3× 20.4× −0.96% (below 0%: shrinking) −74.41% (below 0%: shrinking) −66.49% (below 0%: shrinking) 24.75% 5.39%
FSS Federal Signal Corporation $6.9B 24.0× 21.5× +18.70% (above 0%: growing) +19.49% (above 0%: growing) +92.75% (above 0%: growing) 30.41% 17.64% Compare
TEX Terex Corporation $6.0B 25.6× 17.6× +50.50% (above 0%: growing) −11.82% (below 0%: shrinking) +21.79% (above 0%: growing) 19.84% 8.36% Compare
ALG Alamo Group, Inc. $1.9B 18.0× 14.3× +7.55% (above 0%: growing) −0.77% (below 0%: shrinking) +147.74% (above 0%: growing) 24.59% 10.15% Compare
BLBD Blue Bird Corporation $1.8B 6.8× 14.9× +29.94% (above 0%: growing) +366.38% (above 0%: growing) −58.60% (below 0%: shrinking) 19.99% 12.12% Compare
LNN Lindsay Corporation $1.1B 20.5× 22.2× −5.13% (below 0%: shrinking) −14.44% (below 0%: shrinking) −105.43% (below 0%: shrinking) 29.75% 11.52% Compare
Median of peers $6.5B 21.9× 19.1× +7.13% −4.17% +2.79% 22.62% 11.82%

All 27 Farm & Heavy Construction Machinery stocks →

AGCO Corporation (AGCO) key facts

  • Concern: AGCO Corporation’s revenue for fiscal 2025 (year ended December 2025) was $10.1 billion, down 13.5% from fiscal 2024.
  • AGCO Corporation (AGCO) is a Farm & Heavy Construction Machinery company in the Industrials sector, listed on the New York Stock Exchange.
  • Net income was $719.0 million, or $9.76 per share (basic), a net margin of 7.21%.
  • As of October 16, 2026, AGCO traded at $103.72, a market capitalization of $7.4 billion.
  • At that price the stock trades at 14.3× trailing-twelve-month earnings and 0.7× sales; its P/E is higher than 35% of its own readings over the past ten years.
  • AGCO Corporation pays an annual dividend of $1.18 per share, a yield of 1.14%, with a payout ratio of 16.3%.
  • Return on equity was 18.1% and debt-to-equity 0.67.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 2.48 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

AGCO Corporation (AGCO) Latest News

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stockrow.com/AGCO · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com