AGCO Corporation is an American manufacturer and distributor of agricultural machinery and precision farming technology. Headquartered in Duluth, Georgia, the company operates globally, serving farmers and agricultural enterprises in over 140 countries. AGCO's comprehensive product portfolio includes tractors, combine harvesters, hay and forage equipment, and smart farming solutions marketed under well-known brands such as Fendt, Massey Ferguson, and Valtra.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
10,082,000
11,661,900
14,412,400
12,651,400
Cost of Sales
7,515,200
8,762,800
10,635,000
9,650,100
Gross Profit
2,566,800
2,899,100
3,777,400
3,001,300
Selling, General & Administrative Expenses
1,309,300
1,397,700
1,454,500
1,189,500
Depreciation & Amortization Expenses
71,100
81,000
57,700
60,100
Research & Development Expenses
487,700
493,000
548,800
444,200
Other Operating Expenses
103,000
1,049,500
16,000
42,100
Operating Profit
595,700
(122,100)
1,700,400
1,265,400
Interest and Investment Income
39,600
46,400
68,200
64,100
Interest Expense
(66,400)
(93,000)
(4,600)
(13,000)
Non-Operating Income
72,700
(218,500)
(362,300)
(145,200)
Total Non-Operating Income
45,900
(265,100)
(298,700)
(94,100)
Income Before Provision for Income Taxes
641,600
(387,200)
1,401,700
1,171,300
Provision for Income Taxes
(77,400)
98,400
230,400
296,600
Consolidated Net Income
719,000
(485,600)
1,171,300
874,700
Net Income Attributable to Minority Interests and Other
(7,500)
(60,800)
(100)
(14,900)
Net Income Attributable to Common Shareholders
726,500
(424,800)
1,171,400
889,600
Basic EPS
9.76
-5.69
15.66
11.92
Diluted EPS
9.75
-5.69
15.63
11.87
Basic Weighted Average Shares Outstanding
74,400
74,600
74,800
74,600
Diluted Weighted Average Shares Outstanding
74,500
74,700
74,900
74,900
Shares Outstanding
72,629
74,421
74,518
74,601
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
861,800
612,700
595,500
789,500
Total Cash and Cash Equivalents
861,800
612,700
595,500
789,500
Accounts Receivable
1,079,400
1,267,400
1,605,300
1,221,300
Total Trade Receivables
1,079,400
1,267,400
1,605,300
1,221,300
Inventories
2,709,300
2,731,300
3,440,700
3,189,700
Other Current Assets
545,600
526,600
699,300
538,800
Total Current Assets
5,196,100
5,138,000
6,340,800
5,739,300
Net Property, Plant & Equipment
2,163,500
1,987,500
2,097,100
1,755,100
Net Intangible Assets
673,000
728,900
308,800
364,400
Goodwill
1,898,800
1,820,400
1,333,400
1,310,800
Long-Term Investments
609,900
519,600
512,700
436,900
Other Long-Term Assets
1,386,500
996,200
828,400
497,200
Total Assets
11,927,800
11,190,600
11,421,200
10,103,700
Accounts Payable
951,000
813,000
1,207,300
1,385,300
Accrued Expenses
2,538,700
2,469,600
2,903,800
2,271,300
Current Portion of Long-Term Debt
117,700
415,200
15,000
196,000
Other Current Liabilities
121,700
128,200
217,500
235,400
Total Current Liabilities
3,729,100
3,826,000
4,343,600
4,088,000
Long-Term Debt
2,323,100
2,233,300
1,377,200
1,264,800
Leases
122,100
127,500
134,400
125,400
Other Long-Term Liabilities
1,180,800
960,900
909,200
742,900
Total Long-Term Liabilities
3,626,000
3,321,700
2,420,800
2,133,100
Total Liabilities
7,355,100
7,147,700
6,764,400
6,221,100
Common Stock
700
700
700
700
Additional Paid-in Capital
500
—
4,100
30,200
Accumulated Other Comprehensive Income
(1,774,900)
(1,902,900)
(1,708,100)
(1,803,100)
Retained Earnings
6,047,200
5,645,000
6,360,000
5,654,600
Total Common Shareholders' Equity
4,273,500
3,742,800
4,656,700
3,882,400
Minority Interests and Other
299,200
300,100
100
200
Total Shareholders' Equity
299,200
300,100
4,656,800
3,882,600
Total Liabilities and Shareholders' Equity
11,927,800
11,190,600
11,421,200
10,103,700
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
719,000
(485,600)
1,171,300
874,700
Depreciation & Amortization
327,600
332,200
288,100
269,600
Share-Based Compensation Expense
28,400
18,400
46,400
34,000
Other Adjustments
(582,500)
795,400
(290,000)
(46,600)
Changes in Trade Receivables
231,000
59,100
(443,800)
(306,100)
Changes in Inventories
237,500
308,800
(164,400)
(668,300)
Changes in Accounts Payable
43,400
(224,900)
(191,600)
322,100
Changes in Accrued Expenses
(114,100)
(190,200)
566,500
282,700
Changes in Other Operating Activities
97,800
76,700
120,600
76,100
Cash from Operating Activities
988,100
689,900
1,103,100
838,200
Capital Expenditure
(247,900)
(393,300)
(518,100)
(388,300)
Proceeds from Sale of Property, Plant & Equipment
2,000
2,100
11,800
2,600
Payments for Business Acquisitions
—
(1,903,700)
(9,800)
(111,300)
Proceeds from Business Divestments
(1,800)
630,700
—
—
Other Investing Activities
219,400
13,800
(29,600)
200
Cash from Investing Activities
(28,300)
(1,650,400)
(545,700)
(496,800)
Issuance of Long-Term Debt
57,000
1,875,700
329,800
410,500
Repayments of Long-Term Debt
(436,700)
(513,400)
(458,600)
(377,500)
Net Issuance / (Repayments) of Long-Term Debt
(379,700)
1,362,300
(128,800)
33,000
Repurchases of Common Shares
(250,000)
(22,000)
(53,000)
—
Net Issuance / (Repurchases) of Common Shares
(250,000)
(22,000)
(53,000)
—
Common Share Dividends Paid
(86,500)
(273,100)
(457,400)
(404,300)
Other Financing Activities
(13,000)
(21,700)
(32,500)
(35,700)
Cash from Financing Activities
(729,200)
1,045,500
(671,700)
(407,000)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
18,500
(67,800)
(79,700)
(34,000)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash