AGCO CORP /DE

Listed Company

AGCOCIK 0000880266NYSELarge AcceleratedFarm Machinery & EquipmentDelawareFY ends Dec 31

Period

FY 2025

Revenue

$10.08B

Net Income

$726.50M

Total Assets

$11.93B

Equity

$4.27B

Shares Out

72.40M

Op. Cash Flow

$988.10M

Business

AGCO CORP /DE designs, manufactures and distributes agricultural machinery and precision agriculture technology. It offers a full line of equipment including high‑ and mid‑range tractors, compact tractors, combines, hay and forage equipment, planters, application equipment, replacement parts and grain storage and protein systems, alongside precision ag hardware, software and cloud applications under brands such as Fendt, Massey Ferguson, Valtra and PTx. Key business units include its branded product portfolio, AGCO Power engines, the PTx Trimble joint venture and finance joint ventures. The company sells primarily through about 2,700 independent dealers and distributors across roughly 140 countries, with major markets in Europe, North America, South America and other regions.

Summary from filing dated 2025-02-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	10,082	11,662	14,412	12,651	11,138
Cost of goods sold	7,515	8,763	10,635	9,650	8,566
Gross profit	2,567	2,899	3,777	3,001	2,572
Selling, general and administrative expenses	1,309	1,398	1,455	1,190	1,089
Engineering expenses	488	493	549	444	406
Amortization of intangibles	71	81	58	60	61
Impairment charges	10	370	4	36	—
Restructuring and business optimization expenses	82	173	12	6	—
Loss on sale of business	11	507	0	0	—
Income (loss) from operations	596	−122	1,700	1,265	1,001
Interest expense, net	66	93	5	13	—
Other expense (income), net	−73	219	362	145	50
Income (loss) before income taxes and equity in net earnings of affiliates	602	−434	1,334	1,107	944
Income tax provision (benefit)	−77	98	230	297	108
Income (loss) before equity in net earnings of affiliates	679	−532	1,103	811	836
Equity in net earnings of affiliates	40	46	68	64	66
Net income (loss)	719	−486	1,171	875	902
Net loss attributable to noncontrolling interests	8	61	100,000	15	−5
Net income (loss) attributable to AGCO Corporation	727	−425	1,171	890	897
Basic (in dollars per share)	9.76	−5.69	15.66	11.92	11.93
Diluted (in dollars per share)	9.75	−5.69	15.63	11.87	11.85
Cash dividends declared per common share (in dollars per share)	1.16	3.66	6.1	5.4	—
Cash dividends paid per common share (in dollars per share)	1.16	3.66	6.1	5.4	4.74
Basic (in shares)	74	75	75	75	75
Diluted (in shares)	75	75	75	75	76

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	862	613	596	790	889
Accounts and notes receivable, net	1,079	1,267	1,605	1,221	992
Inventories, net	2,709	2,731	3,441	3,190	2,594
Other current assets	546	527	699	539	540
Total current assets	5,196	5,138	6,341	5,739	5,014
Property, plant and equipment, net	1,996	1,819	1,921	1,591	—
Right-of-use lease assets	167	169	176	164	154
Investments in affiliates	610	520	513	437	414
Deferred tax assets	906	561	482	229	169
Other assets	481	435	347	269	293
Intangible assets, net	673	729	309	364	392
Goodwill	1,899	1,820	1,333	1,311	1,281
Total assets	11,928	11,191	11,421	10,104	9,182
Borrowings due within one year	118	415	15	196	—
Accounts payable	951	813	1,207	1,385	1,078
Accrued expenses	2,539	2,470	2,904	2,271	2,062
Other current liabilities	122	128	218	235	221
Total current liabilities	3,729	3,826	4,344	4,088	3,455
Long-term debt, less current portion and debt issuance costs	2,323	2,233	1,377	1,265	1,411
Operating lease liabilities	122	128	134	125	116
Pension and postretirement health care benefits	169	156	171	158	209
Deferred tax liabilities	127	125	123	112	117
Other noncurrent liabilities	885	680	616	473	431
Total liabilities	7,355	7,148	6,764	6,221	5,738
Commitments and contingencies (Note 22)	—	—	—	—	—
Redeemable noncontrolling interests	299	300	0	—	—
Preferred stock; $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding in 2025 and 2024	0	0	0	0	0
Common stock; $0.01 par value, 150,000,000 shares authorized, 72,629,310 and 74,420,952 shares issued and outstanding at December 31, 2025 and 2024, respectively	700,000	700,000	700,000	700,000	700,000
Additional paid-in capital	500,000	0	4	30	4
Retained earnings	6,047	5,645	6,360	5,655	5,182
Accumulated other comprehensive loss	−1,775	−1,903	−1,708	−1,803	−1,771
Total stockholders equity	4,274	3,743	4,657	3,882	3,416
Total liabilities, redeemable noncontrolling interests and stockholders equity	11,928	11,191	11,421	10,104	9,182

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	257	251	230	210	221
Stock compensation expense	28	18	46	34	27
Gain on sale of investment in affiliate	−252	0	0	—	—
U.S. pension plan termination and settlement	0	19	0	0	—
Equity in net earnings of affiliates, net of cash received	−21	−29	−36	−41	−2
Deferred income tax benefit	−367	−103	−264	−58	—
Other	36	32	7	16	21
Accounts and notes receivable, net	231	59	−444	−306	−208
Inventories, net	238	309	−164	−668	−763
Other current and noncurrent assets	−17	−37	−243	20	−268
Accounts payable	43	−225	−192	322	292
Accrued expenses	−114	−190	567	283	241
Other current and noncurrent liabilities	115	113	364	56	254
Total adjustments	269	1,176	−68	−37	−241
Net cash provided by operating activities	988	690	1,103	838	660
Purchases of property, plant and equipment	−248	−393	−518	−388	−270
Proceeds from sale of property, plant and equipment	2	2	12	3	6
Purchase of businesses, net of cash acquired	0	−1,904	−10	−111	−23
Proceeds from sale of business	−2	631	0	—	—
Sale of (investments in) unconsolidated affiliates, net	237	−7	−22	—	—
Proceeds from cross currency swap contract	0	23	0	0	—
Other	−17	−1	−8	−4	−15
Net cash used in investing activities	−28	−1,650	−546	−497	−288
Proceeds from indebtedness	57	1,876	330	411	2,498
Repayments of indebtedness	−437	−513	−459	−378	−2,501
Purchases and retirement of common stock	−250	−22	−53	0	−135
Payment of dividends to stockholders	−87	−273	−457	−404	−359
Payment of minimum tax withholdings on stock compensation	−13	−14	−22	−21	−35
Payment of debt issuance costs	0	−16	−11	−4	−4
Investments by noncontrolling interests, net	0	8	0	−12	−4
Net cash provided by (used in) financing activities	−729	1,046	−672	−407	−540
Effect of exchange rate changes on cash, cash equivalents and restricted cash	19	−68	−80	−34	−62
Increase (decrease) in cash, cash equivalents and restricted cash	249	17	−194	−100	−230

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro