AGCO CORP /DE

AGCO 10-K · FY 2025

AGCO FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 10,082 11,661.9 -13.5%
Show Product Lines breakouts
Combines, application equipment and other machinery 1,514.4 1,942.3 -22.0%
Combines, application equipment and other machinery · Asia/ Pacific/Africa 96.3 117.7 -18.2%
Combines, application equipment and other machinery · Europe/ Middle East 566.8 590.5 -4.0%
Combines, application equipment and other machinery · North America 627.2 966.2 -35.1%
Combines, application equipment and other machinery · South America 224.1 267.9 -16.3%
Grain storage and protein production systems 1.3 832.5 -99.8%
Grain storage and protein production systems · Asia/ Pacific/Africa 1.3 16 -91.9%
Replacement parts 1,873.3 1,827.8 +2.5%
Replacement parts · Asia/ Pacific/Africa 107.5 102.4 +5.0%
Replacement parts · Europe/ Middle East 1,227.6 1,156.5 +6.1%
Replacement parts · North America 381.1 409.5 -6.9%
Replacement parts · South America 157.1 159.4 -1.4%
Tractors 6,693 7,059.3 -5.2%
Tractors · Asia/ Pacific/Africa 359.1 390.2 -8.0%
Tractors · Europe/ Middle East 4,942.3 4,965.3 -0.5%
Tractors · North America 657.2 922.6 -28.8%
Tractors · South America 734.4 781.2 -6.0%
Show Business Segments breakouts
Asia/ Pacific/Africa 564.2 626.3 -9.9%
Asia/ Pacific/Africa · Africa 109.4 98.5 +11.1%
Asia/ Pacific/Africa · Asia 164.7 217.3 -24.2%
Asia/ Pacific/Africa · Australia and New Zealand 290.1 310.5 -6.6%
Asia/ Pacific/Africa · Operating Segments 564.2 626.3 -9.9%
Europe/ Middle East 6,736.7 6,712.3 +0.4%
Europe/ Middle East · DE 1,645.9 1,721.8 -4.4%
Europe/ Middle East · Finland and Scandinavia 798.1 772 +3.4%
Europe/ Middle East · FR 1,321.3 1,378.2 -4.1%
Europe/ Middle East · IT 456 363.7 +25.4%
Europe/ Middle East · Middle East and Algeria 278.1 428.9 -35.2%
Europe/ Middle East · Operating Segments 6,736.7 6,712.3 +0.4%
Europe/ Middle East · Other Europe 1,678.1 1,512.7 +10.9%
Europe/ Middle East · United Kingdom and Ireland 559.2 535 +4.5%
North America 1,665.5 2,298.3 -27.5%
North America · CA 326.7 426.2 -23.3%
North America · Mexico, Central America and Caribbean 104.4 115.1 -9.3%
North America · Operating Segments 1,665.5 2,298.3 -27.5%
North America · US 1,234.4 1,757 -29.7%
South America 1,115.6 1,208.5 -7.7%
South America · BR 825.1 882.1 -6.5%
South America · Mexico, Central America and Caribbean 10.9 9.9 +10.1%
South America · Operating Segments 1,115.6 1,208.5 -7.7%
South America · Other South America 279.6 316.5 -11.7%
Show Geography breakouts
Africa 109.4 108.6 +0.7%
AR · Subsidiaries 188.4
Asia 164.7 258.9 -36.4%
Asia/ Pacific/Africa 564.2
Australia and New Zealand 290.1 315.3 -8.0%
BR 825.1 963.7 -14.4%
CA 326.7 488.6 -33.1%
DE 1,645.9 1,733.3 -5.0%
Europe/ Middle East 6,736.7
Finland and Scandinavia 798.1 778.8 +2.5%
FR 1,321.3 1,383.5 -4.5%
IT 456 386.6 +18.0%
Mexico, Central America and Caribbean 115.3 146.4 -21.2%
Middle East and Algeria 278.1 433.2 -35.8%
North America 1,665.5
Other Europe 1,678.1 1,557.1 +7.8%
Other South America 279.6 338.6 -17.4%
South America 1,115.6
TR · Subsidiaries 262.9
United Kingdom and Ireland 559.2 540.4 +3.5%
US 1,234.4 2,228.9 -44.6%
Show Consolidation Items breakouts
Operating Segments 10,082 10,845.4 -7.0%
Cost of Revenue 7,515.2 8,762.8 -14.2%
Show Business Segments breakouts
Asia/ Pacific/Africa · Operating Segments 452.8 494.9 -8.5%
Europe/ Middle East · Operating Segments 4,857.6 4,913.4 -1.1%
North America · Operating Segments 1,303.4 1,750.1 -25.5%
South America · Operating Segments 901.4 975.3 -7.6%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Foreign Exchange Contract -7.5 6.7 -211.9%
Show Consolidation Items breakouts
Operating Segments 7,515.2 8,133.7 -7.6%
Gross Profit 2,566.8 2,899.1 -11.5%
Selling, General & Administrative 1,309.3 1,397.7 -6.3%
Engineering Expenses 487.7 493 -1.1%
Show Business Segments breakouts
Asia/ Pacific/Africa · Operating Segments 10.9 11.5 -5.2%
Europe/ Middle East · Operating Segments 296.4 283.8 +4.4%
North America · Operating Segments 138.9 130.4 +6.5%
South America · Operating Segments 41.5 45.2 -8.2%
Show Consolidation Items breakouts
Operating Segments 487.7 470.9 +3.6%
Amortization Of Intangible Assets 71.1 81 -12.2%
Show Consolidation Items breakouts
Material Reconciling Items 71.1 81 -12.2%
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships 7 23 -69.6%
Intangible Assets Excluding Intellectual Property [Member] 71.1 81 -12.2%
Other Intangible Assets 5.3 13.4 -60.4%
Patents and technology 54.6 37.2 +46.8%
Trademarks And Trade Names 4.2 7.4 -43.2%
Other Asset Impairment Charges 10 369.5 -97.3%
Show Consolidation Items breakouts
Material Reconciling Items 10 369.5 -97.3%
Restructuring Costs 82.2 172.7 -52.4%
Show Consolidation Items breakouts
Material Reconciling Items 82.2 172.7 -52.4%
Gain Loss On Sale Of Business 10.8 507.3 -97.9%
Show Consolidation Items breakouts
Material Reconciling Items 10.8 507.3 -97.9%
Operating Income 595.7 -122.1 +587.9%
Show Consolidation Items breakouts
Operating Segments 974 1,163.5 -16.3%
Interest Income Expense Nonoperating Net 66.4 93 -28.6%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Treasury Lock -0.8 -0.7 -14.3%
Other Non-Operating Income (Expense) -72.7 218.5 -133.3%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment Net Prior Service Cost Credit · Reclassification Out Of Accumulated Other Comprehensive Income 1.9 1.5 +26.7%
Accumulated Defined Benefit Plans Adjustment Net Unamortized Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income 7.3 10.5 -30.5%
Net loss (gain) recognized due to settlement · Reclassification Out Of Accumulated Other Comprehensive Income -0.2 18.8 -101.1%
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments 602 -433.6 +238.8%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -9 -30.8 +70.8%
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income 8.3 -6.3 +231.7%
Income Tax Expense (Benefit) -77.4 98.4 -178.7%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -2.1 -7.9 +73.4%
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income 1.8
Income Loss Before Equity In Net Earnings Of Affiliates 679.4 -532 +227.7%
Income Loss From Equity Method Investments 39.6 46.4 -14.7%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Finance joint ventures 40.4 45.2 -10.6%
Manufacturing and other joint ventures -0.8 1.2 -166.7%
Net Income 719 -485.6 +248.1%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -6.9 -22.9 +69.9%
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income 6.5 -6.3 +203.2%
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts
Reclassification Out Of Accumulated Other Comprehensive Income -0.4 -29.2 +98.6%
Net Income Loss Attributable To Noncontrolling Interest 7.5 60.8 -87.7%
Net Income 726.5 -424.8 +271.0%
Show Equity Components breakouts
Retained Earnings 726.5 -424.8 +271.0%
EPS (Basic) 9.76 -5.69 +271.5%
EPS (Diluted) 9.75 -5.69 +271.4%
Common Stock Dividends Per Share Declared 1.16 3.66 -68.3%
Common Stock Dividends Per Share Cash Paid 1.16 3.66 -68.3%
Wtd Avg Shares (Basic) 74.4 74.6 -0.3%
Wtd Avg Shares (Diluted) 74.5 74.7 -0.3%
Revenue (FY)
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 795 791.7 +0.4%
Cost of Revenue (FY)
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 717.5 672.7 +6.7%
Research & Development 374.5 381.3 -1.8%
General & Administrative (FY)
Show Consolidation Items breakouts
Material Reconciling Items -176.5 -212.3 +16.9%
Comprehensive Income 854.5 -619.6 +237.9%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax 0.8 3.4 -76.5%
Interest Expense Operating 123 159.3 -22.8%
Interest Income Expense Net 66.4 93 -28.6%
Interest Income Operating -56.6 -66.3 +14.6%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 861.8 612.7 +40.7%
Show Geography breakouts
AR · ARS 16.5
Show Consolidation Items breakouts
Material Reconciling Items 861.8 612.7 +40.7%
Accounts Notes And Loans Receivable Net Current 1,079.4 1,267.4 -14.8%
Show Related Party Transactions By Related Party breakouts
Affiliated Entity 28.1 32 -12.2%
Inventory 2,709.3 2,731.3 -0.8%
Other Assets Current 545.6 526.6 +3.6%
Total Current Assets 5,196.1 5,138 +1.1%
Non-Current Assets
Operating Lease Right-of-Use Assets 167.3 168.9 -0.9%
Deferred Tax Assets 905.5 561 +61.4%
Other Non-Current Assets 481 435.2 +10.5%
Goodwill 1,898.8 1,820.4 +4.3%
Show Geography breakouts
Asia/ Pacific/Africa 20.4 20.4 0.0%
Europe/ Middle East 1,031.6 962.3 +7.2%
North America 744.3 742.8 +0.2%
South America 102.5 94.9 +8.0%
Show Consolidation Items breakouts
Material Reconciling Items 1,898.8 1,820.4 +4.3%
Total Assets 11,927.8 11,190.6 +6.6%
Show Business Segments breakouts
Asia/ Pacific/Africa · Operating Segments 606.6 697.7 -13.1%
Europe/ Middle East · Operating Segments 2,907.6 2,841.4 +2.3%
North America · Operating Segments 1,409.9 1,527.9 -7.7%
Reportable Segment 5,976.1 6,013.9 -0.6%
South America · Operating Segments 1,052 946.9 +11.1%
Show Geography breakouts
AR · Subsidiaries 313.3
TR · Subsidiaries 6
Show Consolidation Items breakouts
Operating Segments 5,976.1 6,013.9 -0.6%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 10,433.1 10,036.4 +4.0%
Other Assets
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 1,996.2 1,818.6 +9.8%
Investments In Affiliates Subsidiaries Associates And Joint Ventures 609.9 519.6 +17.4%
Show Consolidation Items breakouts
Material Reconciling Items 609.9 519.6 +17.4%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Finance joint ventures 562.8 471.4 +19.4%
Manufacturing joint venture 37.6 31.4 +19.7%
Other affiliates 9.5 16.8 -43.5%
Intangible Assets Net Excluding Goodwill 673 728.9 -7.7%
Show Consolidation Items breakouts
Material Reconciling Items 673 728.9 -7.7%
Current Liabilities
Debt Current 117.7 415.2 -71.7%
Accounts Payable 951 813 +17.0%
Accrued Liabilities 2,538.7 2,469.6 +2.8%
Other Liabilities Current 121.7 128.2 -5.1%
Total Current Liabilities 3,729.1 3,826 -2.5%
Current Portion of Long-Term Debt (Q)
Show Debt Instrument breakouts
Senior term loans due 2026 · Senior Notes -61.6
Non-Current Liabilities
Long-Term Debt 2,323.1 2,233.3 +4.0%
Operating Lease Liabilities 122.1 127.5 -4.2%
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent 169.2 155.6 +8.7%
Show Retirement Plan Type breakouts
Other Postretirement Benefit Plans Defined Benefit 23 18.1 +27.1%
Pension Plans Defined Benefit 146.2 137.7 +6.2%
Deferred Tax Liabilities 126.5 125 +1.2%
Other Non-Current Liabilities 885.1 680.3 +30.1%
Total Liabilities 7,355.1 7,147.7 +2.9%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 9,284.6 9,074.3 +2.3%
Long-Term Debt 2,384.7 2,558.1 -6.8%
Other Liabilities
Redeemable Noncontrolling Interest Equity Carrying Amount 299.2 300.1 -0.3%
Stockholders' Equity
Common Stock 0.7 0.7 0.0%
Additional Paid In Capital Common Stock 0.5
Retained Earnings 6,047.2 5,645 +7.1%
Accumulated Other Comprehensive Income -1,774.9 -1,902.9 +6.7%
Total Stockholders' Equity 4,273.5 3,742.8 +14.2%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 1,148.5 962.1 +19.4%
Total Liabilities & Equity 11,927.8 11,190.6 +6.6%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciation 256.5 251.2 +2.1%
Show Business Segments breakouts
Asia/ Pacific/Africa · Operating Segments 11.2 14.9 -24.8%
Europe/ Middle East · Operating Segments 153.9 136.9 +12.4%
North America · Operating Segments 58.5 58.4 +0.2%
South America · Operating Segments 32.9 34.1 -3.5%
Show Consolidation Items breakouts
Operating Segments 256.5 244.3 +5.0%
Stock-Based Compensation 28.4 18.4 +54.3%
Equity Method Investment Realized Gain Loss On Disposal -251.9
Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1 (FY)
Show Retirement Plan Type breakouts
Pension Plans Defined Benefit -0.2 18.8 -101.1%
Income Loss From Equity Method Investments Net Of Dividends Or Distributions -20.6 -29.4 +29.9%
Deferred Income Taxes And Tax Credits -366.5 -102.7 -256.9%
Other Non-Cash Items 35.7 32.2 +10.9%
Increase Decrease In Accounts And Notes Receivable 231 59.1 +290.9%
Change in Inventory 237.5 308.8 -23.1%
Increase Decrease In Other Operating Assets -17.1 -36.7 +53.4%
Change in Accounts Payable 43.4 -224.9 +119.3%
Increase Decrease In Accrued Liabilities -114.1 -190.2 +40.0%
Increase Decrease In Other Operating Liabilities 114.9 113.4 +1.3%
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities 269.1 1,175.5 -77.1%
Net Cash from Operations 988.1 689.9 +43.2%
Deferred Income Taxes -366.5 -102.6 -257.2%
Investing Activities
Capital Expenditures -247.9 -393.3 +37.0%
Proceeds From Sale Of Property Plant And Equipment 2 2.1 -4.8%
Proceeds From Divestiture Of Businesses Net Of Cash Divested -1.8 630.7 -100.3%
Payments For Proceeds From Sale Of Equity Method Investments 236.8 -7.4 +3300.0%
Other Investing Activities -17.4 -1.4 -1142.9%
Net Cash from Investing -28.3 -1,650.4 +98.3%
Financing Activities
Proceeds From Debt Net Of Issuance Costs 57 1,875.7 -97.0%
Debt Repayments -436.7 -513.4 +14.9%
Share Repurchases -250 -22 -1036.4%
Payments Of Dividends Common Stock -86.5 -273.1 +68.3%
Tax Withholding for Share Compensation -13 -14.1 +7.8%
Net Cash from Financing -729.2 1,045.5 -169.7%
Supplemental
Income Taxes Paid 283.1
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 18.5 -67.8 +127.3%
Net Change in Cash 249.1 17.2 +1348.3%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 861.8 612.7 +40.7%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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