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AGCO Corp key statistics and ratios

In fiscal 2025, AGCO Corp had return on equity of 18.1% and a net margin of 7.2%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Net margin2.1%3.2%6.6%5.2%5.5%4.2%3.6%2.2%2.2%3.1%1.4%4.7%8.1%7.0%8.1%−3.6%7.2%2.8%
Return on equity5.7%8.7%20.6%16.2%16.0%11.0%8.5%5.7%6.4%9.6%4.3%14.6%28.0%24.4%27.4%−10.1%18.1%6.7%
Return on assets2.7%4.2%9.2%7.0%7.4%5.2%3.8%2.3%2.5%3.7%1.6%5.3%10.1%9.2%10.9%−3.8%6.3%2.4%
Effective tax rate37.4%38.0%4.4%23.0%32.2%34.8%25.9%45.0%47.1%30.8%69.2%33.4%11.5%26.8%17.3%—−12.9%39.1%
R&D as % of revenue2.9%3.2%3.1%3.2%3.3%3.5%3.8%4.0%3.9%3.8%3.8%3.7%2.5%2.5%2.9%3.3%3.7%—
SG&A as % of revenue9.7%10.0%9.9%10.5%10.1%10.2%11.4%11.7%11.6%11.4%11.5%10.9%9.8%9.4%10.1%12.0%13.0%12.8%
Dividends ÷ net income——0.0%0.0%6.5%9.9%15.8%26.5%23.9%16.5%38.3%11.2%40.0%45.4%39.0%—11.9%30.2%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 6 checks passed · September 30, 2026
What it owns · $11.7bn
Short-term assets $5.2bnLonger-term assets $6.6bn
What it owes, and who funded it · $11.5bn
Short-term liabilities $3.9bnLonger-term liabilities $3.4bnShareholders' equity $4.1bn
  • Short-term assets cover short-term liabilities $5.2bn of assets due within a year against $3.9bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $5.2bn short-term assets against $3.4bn of longer-dated liabilities.
  • More cash than debt $415m of cash against $2.7bn of debt.
  • Debt below 40% of shareholders' equity Debt is 66% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 52% to 66% over five years.
  • A year's operating cash flow covers at least 20% of debt $545m of operating cash flow against $2.7bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From AGCO Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

58 /100

Moderate moat

How hard AGCO's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 17 / 20

    Cash operating profit has been a median 13.1% of total assets over 10 years.

  • Pricing power 9 / 20

    Gross margin has been a median 23.1%, moving by 1.7 percentage points (standard deviation) across 10 years.

  • Durability 3 / 20

    Operating margin has been a median 5.4%; its worst year was 1.0%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 9 of 10 years, at a median 3.7% of revenue.

  • Discipline 18 / 20

    The diluted share count fell 5.2% over five years; stock-based pay has been a median 0.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: AGCO vs CNHAGCO vs TTCAGCO vs DEAGCO vs ALG

More: Agricultural & Farm Machinery stocks compared, Industrials sector, rankings of US companies

Figures from AGCO Corp's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to AGCO Corp.