AGCO Corporation (AGCO) Income Statement Analysis

See more : Quartz Mountain Resources Ltd. (QZMRF) Income Statement Analysis – Financial Results

Complete financial analysis of AGCO Corporation (AGCO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of AGCO Corporation, a leading company in the Agricultural – Machinery industry within the Industrials sector.

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AGCO Corporation (AGCO)

Industry: Agricultural - Machinery

Sector: Industrials

Website: https://www.agcocorp.com

About AGCO Corporation

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses. The company also provides grain storage bins and related drying and handling equipment systems; seed-processing systems; swine and poultry feed storage and delivery; ventilation and watering systems; and egg production systems and broiler production equipment. In addition, it offers round and rectangular balers, loader wagons, self-propelled windrowers, forage harvesters, disc mowers, spreaders, rakes, tedders, and mower conditioners for harvesting and packaging vegetative feeds used in the beef cattle, dairy, horse, and renewable fuel industries. Further, the company provides implements, including disc harrows leveling seed beds and mixing chemicals with the soils; heavy tillage to break up soil and mix crop residue into topsoil; field cultivators that prepare smooth seed bed and destroy weeds; drills for small grain seeding; planters and other planting equipment; and loaders. Additionally, it offers combines for harvesting grain crops, such as corn, wheat, soybeans, and rice; and application equipment, such as self-propelled, three- and four-wheeled vehicles, and related equipment for liquid and dry fertilizers and crop protection chemicals, and for after crops emerge from the ground, as well as produces diesel engines, gears, and generating sets. The company markets its products under the Challenger, Fendt, GSI, Massey Ferguson, and Valtra brands through a network of independent dealers and distributors. AGCO Corporation was founded in 1990 and is headquartered in Duluth, Georgia.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992
Revenue	14.41B	12.65B	11.14B	9.15B	9.04B	9.35B	8.31B	7.41B	7.47B	9.72B	10.79B	9.96B	8.77B	6.90B	6.63B	8.42B	6.83B	5.44B	5.45B	5.27B	3.50B	2.92B	2.54B	2.34B	2.41B	2.94B	3.22B	2.32B	2.13B	1.36B	595.70M	314.50M
Cost of Revenue	10.64B	9.65B	8.57B	7.09B	7.06B	7.36B	6.54B	5.90B	5.91B	7.66B	8.40B	7.84B	7.00B	5.64B	5.56B	6.92B	5.64B	4.51B	4.52B	4.32B	2.88B	2.39B	2.11B	1.96B	2.06B	2.40B	2.56B	1.85B	1.59B	1.02B	467.50M	254.80M
Gross Profit	3.78B	3.00B	2.57B	2.06B	1.98B	2.00B	1.77B	1.52B	1.56B	2.07B	2.39B	2.12B	1.78B	1.26B	1.07B	1.50B	1.19B	927.80M	933.60M	952.90M	616.40M	531.80M	434.80M	376.60M	356.40M	537.30M	666.80M	470.30M	532.80M	335.40M	128.20M	59.70M
Gross Profit Ratio	26.21%	23.72%	23.09%	22.49%	21.95%	21.35%	21.25%	20.45%	20.90%	21.25%	22.16%	21.31%	20.24%	18.25%	16.18%	17.80%	17.44%	17.07%	17.13%	18.07%	17.64%	18.20%	17.11%	16.12%	14.77%	18.27%	20.68%	20.29%	25.07%	24.68%	21.52%	18.98%
Research & Development	548.80M	444.20M	405.80M	342.60M	343.40M	355.20M	323.10M	296.10M	282.20M	337.00M	353.40M	317.10M	275.60M	219.60M	191.90M	194.50M	154.90M	127.90M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	0.00	0.00	0.00	0.00	0.00	1.07B	970.70M	867.90M	852.30M	995.40M	1.09B	1.04B	869.30M	692.10M	630.10M	720.90M	625.70M	541.70M	642.40M	613.50M	403.00M	383.70M	306.60M	273.80M	274.20M	326.80M	329.50M	243.30M	227.90M	148.90M	77.40M	43.90M
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	1.45B	1.19B	1.09B	1.00B	1.04B	1.07B	970.70M	867.90M	852.30M	995.40M	1.09B	1.04B	869.30M	692.10M	630.10M	720.90M	625.70M	541.70M	642.40M	613.50M	403.00M	383.70M	306.60M	273.80M	274.20M	326.80M	329.50M	243.30M	227.90M	148.90M	77.40M	43.90M
Other Expenses	73.70M	60.10M	61.10M	59.50M	61.10M	-74.90M	-74.40M	-31.40M	-36.30M	-49.10M	-40.10M	-34.80M	21.60M	18.40M	18.00M	19.10M	17.90M	188.30M	16.50M	15.80M	2.30M	1.40M	18.50M	37.00M	24.50M	40.00M	0.00	0.00	35.50M	19.30M	2.90M	1.70M
Operating Expenses	2.08B	1.69B	1.56B	1.40B	1.44B	1.49B	1.35B	1.22B	1.18B	1.37B	1.49B	1.41B	1.17B	930.10M	840.00M	934.70M	798.50M	857.90M	658.90M	629.30M	405.30M	385.10M	325.10M	310.80M	298.70M	366.80M	329.50M	243.30M	263.40M	168.20M	80.30M	45.60M
Cost & Expenses	12.71B	11.34B	10.12B	8.50B	8.50B	8.84B	7.89B	7.11B	7.08B	9.03B	9.89B	9.25B	8.16B	6.57B	6.40B	7.86B	6.44B	5.37B	5.18B	4.95B	3.28B	2.78B	2.43B	2.27B	2.36B	2.77B	2.89B	2.09B	1.86B	1.19B	547.80M	300.40M
Interest Income	64.20M	33.00M	18.70M	9.90M	8.90M	8.10M	9.40M	13.30M	18.70M	13.50M	20.80M	20.10M	28.80M	30.70M	22.40M	34.20M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	68.80M	13.00M	6.70M	15.00M	19.90M	53.80M	45.10M	52.10M	45.40M	58.40M	58.00M	57.60M	59.00M	64.00M	43.30M	19.10M	24.10M	55.20M	80.00M	77.00M	60.00M	57.40M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	288.10M	269.60M	281.80M	272.00M	272.00M	289.90M	279.80M	274.60M	260.10M	280.40M	259.40M	229.90M	173.50M	154.30M	147.60M	146.50M	138.20M	121.90M	105.90M	113.30M	65.90M	52.30M	70.40M	69.70M	76.80M	79.70M	72.00M	53.50M	35.50M	19.30M	2.90M	1.70M
EBITDA	1.69B	1.57B	1.30B	904.10M	561.90M	787.40M	694.20M	574.80M	643.50M	973.30M	1.16B	908.40M	791.20M	493.20M	367.10M	725.60M	511.30M	191.80M	380.60M	436.90M	277.00M	199.00M	181.40M	135.50M	141.90M	275.40M	409.30M	280.50M	304.90M	186.50M	50.80M	15.80M
EBITDA Ratio	11.74%	11.34%	11.21%	9.87%	8.23%	7.72%	7.46%	7.33%	8.13%	9.50%	10.38%	9.14%	9.14%	7.30%	5.73%	7.97%	8.37%	7.31%	7.62%	8.71%	9.45%	8.98%	8.52%	8.15%	7.93%	10.83%	13.88%	13.08%	14.87%	15.15%	7.84%	3.66%
Operating Income	1.70B	1.27B	1.00B	599.70M	472.40M	489.00M	403.30M	288.40M	361.10M	646.50M	900.70M	693.20M	610.30M	324.20M	219.30M	565.00M	394.80M	68.90M	274.70M	323.50M	183.50M	104.00M	96.70M	65.80M	57.70M	170.50M	337.30M	227.00M	269.40M	167.20M	47.90M	14.10M
Operating Income Ratio	11.80%	10.00%	8.99%	6.55%	5.22%	5.23%	4.86%	3.89%	4.84%	6.65%	8.35%	6.96%	6.96%	4.70%	3.31%	6.71%	5.78%	1.27%	5.04%	6.13%	5.25%	3.56%	3.80%	2.82%	2.39%	5.80%	10.46%	9.80%	12.68%	12.30%	8.04%	4.48%
Total Other Income/Expenses	-366.90M	-158.20M	-57.10M	-37.70M	-87.00M	-128.70M	-120.60M	-82.10M	-81.70M	-107.50M	-98.10M	-92.40M	-49.30M	-49.30M	-64.90M	-39.20M	-67.50M	-88.10M	-114.60M	-99.10M	-85.20M	-78.20M	-82.00M	-79.70M	-79.40M	-82.40M	-91.60M	-55.40M	-74.40M	-62.30M	4.10M	4.30M
Income Before Tax	1.33B	1.11B	944.30M	562.00M	261.10M	360.30M	283.80M	204.90M	279.40M	539.00M	802.60M	600.80M	561.00M	274.90M	153.80M	525.80M	327.30M	-19.20M	160.10M	224.40M	98.30M	25.80M	14.70M	-13.90M	-32.20M	74.30M	245.70M	171.60M	195.00M	104.90M	52.00M	18.40M
Income Before Tax Ratio	9.25%	8.75%	8.48%	6.14%	2.89%	3.85%	3.42%	2.76%	3.74%	5.54%	7.44%	6.03%	6.39%	3.99%	2.32%	6.24%	4.79%	-0.35%	2.94%	4.26%	2.81%	0.88%	0.58%	-0.60%	-1.33%	2.53%	7.62%	7.40%	9.18%	7.72%	8.73%	5.85%
Income Tax Expense	230.40M	296.60M	108.40M	187.70M	180.80M	110.90M	133.60M	92.20M	72.50M	187.70M	258.50M	137.90M	-24.60M	104.40M	56.50M	164.60M	111.40M	73.50M	151.10M	86.20M	41.30M	99.80M	1.90M	-7.60M	-10.20M	27.50M	87.50M	60.00M	65.90M	-10.60M	13.80M	8.10M
Net Income	1.17B	889.60M	897.00M	427.10M	80.30M	285.50M	186.40M	160.10M	266.40M	410.40M	597.20M	522.10M	583.30M	220.50M	135.70M	400.00M	246.30M	-64.90M	31.60M	158.80M	74.40M	-84.40M	22.60M	3.50M	-11.50M	60.60M	168.70M	125.90M	129.10M	115.50M	34.10M	6.00M
Net Income Ratio	8.13%	7.03%	8.05%	4.67%	0.89%	3.05%	2.24%	2.16%	3.57%	4.22%	5.54%	5.24%	6.65%	3.20%	2.05%	4.75%	3.61%	-1.19%	0.58%	3.01%	2.13%	-2.89%	0.89%	0.15%	-0.48%	2.06%	5.23%	5.43%	6.08%	8.50%	5.72%	1.91%
EPS	15.66	11.92	11.93	5.69	1.05	3.62	2.34	1.97	3.06	4.39	6.14	5.38	6.10	2.38	1.47	4.36	2.69	-0.71	0.35	1.84	0.99	-1.14	0.31	0.06	-0.20	1.01	2.79	2.28	2.76	3.07	1.11	0.27
EPS Diluted	15.64	11.88	11.85	5.65	1.04	3.58	2.32	1.96	3.06	4.36	6.01	5.30	5.95	2.29	1.44	4.09	2.55	-0.71	0.35	1.71	0.98	-1.14	0.31	0.06	-0.20	0.99	2.71	2.20	2.30	2.35	0.93	0.27
Weighted Avg Shares Out	74.80M	74.60M	75.20M	75.00M	76.20M	78.80M	79.50M	81.40M	87.00M	93.40M	97.30M	97.10M	95.60M	92.80M	92.20M	91.70M	91.50M	90.80M	90.40M	86.20M	75.20M	74.20M	66.90M	59.20M	58.70M	59.70M	60.40M	55.19M	46.05M	35.86M	27.39M	22.22M
Weighted Avg Shares Out (Dil)	74.90M	74.90M	75.70M	75.60M	77.00M	79.70M	80.20M	81.70M	87.10M	94.20M	99.40M	98.60M	98.10M	96.40M	94.10M	97.70M	96.60M	90.80M	90.70M	95.60M	75.80M	74.20M	68.50M	59.70M	58.70M	61.20M	62.10M	57.44M	55.26M	46.85M	32.69M	22.22M

AGCO Showcases Precision Ag Innovation at AEM's Celebration of Modern Ag on the National Mall in Washington, DC

April 30, 2024prnewswire.com

DULUTH, Ga. , April 30, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture, and distribution of agricultural machinery and precision ag technology, will showcase innovative equipment from across its brands at the Association of...

AGCO ANNOUNCES DIVIDENDS

April 25, 2024prnewswire.com

Special Variable Dividend of $2.50 per share Regular Quarterly Dividend of $0.29 per share DULUTH, Ga. , April 25, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology,...

Earnings Preview: Agco (AGCO) Q1 Earnings Expected to Decline

April 25, 2024zacks.com

Agco (AGCO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

AGCO Leader Wins 2024 Women MAKE Award

April 19, 2024prnewswire.com

Kimberly Savageau Recognized as one of 130 Women Who Inspire Excellence in Manufacturing DULUTH, Ga. , April 19, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, is...

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April 17, 2024investorplace.com

While the equities market offers a variety of engagement opportunities, arguably the best approach is to consider long-term stocks to buy now. Why the urgency?

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April 16, 2024investorplace.com

The world is grappling with profound challenges, including the Middle East conflict, the protracted war in Ukraine and widespread elections later this year. Consequently, looming food shortages underscore the importance of investing in the best agricultural stocks.

AGCO ANNOUNCES FIRST-QUARTER 2024 EARNINGS RELEASE AND CONFERENCE CALL

April 12, 2024prnewswire.com

DULUTH, Ga. , April 12, 2024 /PRNewswire/ -- AGCO, (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today its first-quarter 2024 earnings release conference call is scheduled for Thursday,...