NET INCOME (LOSS) PER COMMON SHARE
    Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during each period. Diluted net income (loss) per common share assumes the exercise of outstanding stock-settled stock appreciation rights (“SSARs”) and the vesting of restricted stock units (“RSUs”) using the treasury stock method when there is no other circumstance other than the passage of time under which they would not be issued, and the effects of such assumptions are dilutive.
    A reconciliation of net income (loss) attributable to AGCO Corporation and weighted average common shares outstanding for purposes of calculating basic and diluted net income (loss) per share for the years ended December 31, 2025, 2024 and 2023 is as follows (in millions, except per share data):

2025
2024(1)
2023
Basic net income (loss) per share:
Net income (loss) attributable to AGCO Corporation
$726.5 $(424.8)$1,171.4 
Weighted average number of common shares outstanding74.4 74.6 74.8 
Basic net income (loss) per share attributable to AGCO Corporation
$9.76 $(5.69)$15.66 
Diluted net income (loss) per share:
Net income (loss) attributable to AGCO Corporation
$726.5 $(424.8)$1,171.4 
Weighted average number of common shares outstanding74.4 74.6 74.8 
Dilutive SSARs and RSUs
0.1 0.1 0.1 
Weighted average number of common shares and common share equivalents outstanding for purposes of computing diluted net income (loss) per share
74.5 74.7 74.9 
Diluted net income (loss) per share attributable to AGCO Corporation
$9.75 $(5.69)$15.63 
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(1)    As the Company has reported a loss for 2024, all potentially dilutive securities are antidilutive, and accordingly, basic net loss per share equals diluted net loss per share.

Historical Timeline

Fiscal YearFiled
2025Feb 13, 2026Showing above
2024Feb 24, 2025

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.