AGCO Corp (AGCO) financial statements: income statement, balance sheet and cash flow

AGCO Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), AGCO Corp reported revenue of $10.1B (-13.5% year on year) and net income of $726.5M (+271.0% year on year).

Income statement

AGCO Corp income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net sales	$10.1B	$11.7B	$14.4B	$12.7B
Cost of goods sold	$7.5B	$8.8B	$10.6B	$9.7B
Gross profit	$2.6B	$2.9B	$3.8B	$3.0B
Selling, general and administrative expenses	$1.3B	$1.4B	$1.5B	$1.2B
Engineering expenses	$487.7M	$493.0M	$548.8M	$444.2M
Amortization of intangibles	$71.1M	$81.0M	$57.7M	$60.1M
Impairment charges	$10.0M	$369.5M	—	$36.0M
Restructuring and business optimization expenses	$82.2M	$172.7M	—	—
Loss on sale of business	$10.8M	$507.3M	—	—
Income (loss) from operations	$595.7M	($122.1M)	$1.7B	$1.3B
Interest expense, net	$66.4M	$93.0M	$4.6M	$13.0M
Other expense (income), net	($72.7M)	$218.5M	$362.3M	$145.2M
Income (loss) before income taxes and equity in net earnings of affiliates	$602.0M	($433.6M)	$1.3B	$1.1B
Income tax provision (benefit)	($77.4M)	$98.4M	$230.4M	$296.6M
Income (loss) before equity in net earnings of affiliates	$679.4M	($532.0M)	$1.1B	$810.6M
Equity in net earnings of affiliates	$39.6M	$46.4M	$68.2M	$64.1M
Net income (loss)	$719.0M	($485.6M)	$1.2B	$874.7M
Net loss attributable to noncontrolling interests	$7.5M	$60.8M	$100.0K	$14.9M
Net income (loss) attributable to AGCO Corporation	$726.5M	($424.8M)	$1.2B	$889.6M
Basic (in dollars per share)	$9.76	-$5.69	$15.66	$11.92
Diluted (in dollars per share)	$9.75	-$5.69	$15.63	$11.87
Cash dividends declared per common share (in dollars per share)	$1.16	$3.66	—	—
Cash dividends paid per common share (in dollars per share)	$1.16	$3.66	$6.10	$5.40
Basic (in shares)	74.4M	74.6M	74.8M	74.6M
Diluted (in shares)	74.5M	74.7M	74.9M	74.9M

AGCO Corp income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Net sales	$2.6B	$2.3B	$2.5B	$2.6B
Cost of goods sold	$2.0B	$1.8B	$1.8B	$2.0B
Gross profit	$645.9M	$581.4M	$646.5M	$658.6M
Selling, general and administrative expenses	$335.7M	$339.1M	$340.8M	$326.4M
Engineering expenses	$141.2M	$132.6M	$123.0M	$117.8M
Amortization of intangibles	$17.1M	$16.9M	$23.0M	$15.7M
Impairment charges	$0	$2.1M	($600.0K)	$6.8M
Restructuring and business optimization expenses	$11.2M	$10.0M	$8.7M	$15.6M
Loss on sale of business	$0	—	$0	$12.3M
Income from operations	$140.7M	$80.7M	$151.6M	$164.0M
Interest expense, net	$17.0M	$15.2M	$15.5M	$17.8M
Other expense, net	$15.5M	$26.5M	($208.4M)	$48.9M
Income before income taxes and equity in net earnings of affiliates	$108.2M	$39.0M	$344.5M	$97.3M
Income tax provision (benefit)	$40.4M	$4.6M	$48.8M	($205.5M)
Income before equity in net earnings of affiliates	$67.8M	$34.4M	$295.7M	$302.8M
Equity in net earnings of affiliates	$7.0M	$18.0M	$7.0M	$11.6M
Net income	$74.8M	$52.4M	$302.7M	$314.4M
Net loss attributable to noncontrolling interests	$2.4M	$2.6M	$3.0M	$400.0K
Net income attributable to AGCO Corporation	$77.2M	$55.0M	$305.7M	$314.8M
Basic (in dollars per share)	$1.08	$0.76	$4.10	$4.22
Diluted (in dollars per share)	$1.08	$0.76	$4.09	$4.22
Cash dividends declared per common share (in dollars per share)	$0.30	$0.29	$0.29	$0.29
Cash dividends paid per common share (in dollars per share)	$0.30	$0.29	$0.29	$0.29
Basic (in shares)	71.1M	72.5M	74.6M	74.6M
Diluted (in shares)	71.2M	72.7M	74.7M	74.6M

Balance sheet

AGCO Corp balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$861.8M	$612.7M	$595.5M	$789.5M
Accounts and notes receivable, net	$1.1B	$1.3B	$1.6B	$1.2B
Inventories, net	$2.7B	$2.7B	$3.4B	$3.2B
Other current assets	$545.6M	$526.6M	$699.3M	$538.8M
Total current assets	$5.2B	$5.1B	$6.3B	$5.7B
Property, plant and equipment, net	$2.0B	$1.8B	$1.9B	$1.6B
Right-of-use lease assets	$167.3M	$168.9M	$176.2M	$163.9M
Investments in affiliates	$609.9M	$519.6M	$512.7M	$436.9M
Deferred tax assets	$905.5M	$561.0M	$481.6M	$228.5M
Other assets	$481.0M	$435.2M	$346.8M	$268.7M
Intangible assets, net	$673.0M	$728.9M	$308.8M	$364.4M
Goodwill	$1.9B	$1.8B	$1.3B	$1.3B
Total assets	$11.9B	$11.2B	$11.4B	$10.1B
Borrowings due within one year	$117.7M	$415.2M	$15.0M	—
Accounts payable	$951.0M	$813.0M	$1.2B	$1.4B
Accrued expenses	$2.5B	$2.5B	$2.9B	$2.3B
Other current liabilities	$121.7M	$128.2M	$217.5M	$235.4M
Total current liabilities	$3.7B	$3.8B	$4.3B	$4.1B
Long-term debt, less current portion and debt issuance costs	$2.3B	$2.2B	$1.4B	$1.3B
Operating lease liabilities	$122.1M	$127.5M	$134.4M	$125.4M
Pension and postretirement health care benefits	$169.2M	$155.6M	$170.5M	$158.0M
Deferred tax liabilities	$126.5M	$125.0M	$122.6M	$112.0M
Other noncurrent liabilities	$885.1M	$680.3M	$616.1M	$472.9M
Total liabilities	$7.4B	$7.1B	$6.8B	$6.2B
Redeemable noncontrolling interests	$299.2M	$300.1M	—	—
Preferred stock; $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding in 2025 and 2024	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	700.0K	700.0K	700.0K	700.0K
Additional paid-in capital	$500.0K	$0	$4.1M	$30.2M
Retained earnings	$6.0B	$5.6B	$6.4B	$5.7B
Accumulated other comprehensive loss	($1.8B)	($1.9B)	($1.7B)	($1.8B)
Total stockholders’ equity	$4.3B	$3.7B	$4.7B	$3.9B
Total liabilities, redeemable noncontrolling interests and stockholders’ equity	$11.9B	$11.2B	$11.4B	$10.1B

AGCO Corp balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$573.4M	$514.9M	$884.1M	$783.9M
Accounts and notes receivable, net	$1.2B	$1.2B	$1.2B	$1.2B
Inventories, net	$3.0B	$3.0B	$3.1B	$3.1B
Other current assets	$525.1M	$579.2M	$535.6M	$542.3M
Total current assets	$5.3B	$5.3B	$5.7B	$5.6B
Property, plant and equipment, net	$1.9B	$2.0B	$2.0B	$2.0B
Right-of-use lease assets	$153.0M	$159.4M	$169.0M	$179.7M
Investments in affiliates	$490.6M	$628.1M	$597.3M	$594.2M
Deferred tax assets	$974.4M	$932.2M	$898.3M	$828.4M
Other assets	$455.0M	$474.6M	$512.2M	$501.6M
Intangible assets, net	$644.6M	$663.0M	$689.8M	$712.9M
Goodwill	$1.9B	$1.9B	$1.9B	$1.9B
Total assets	$11.9B	$12.0B	$12.5B	$12.3B
Borrowings due within one year	$546.7M	$555.5M	$109.2M	$207.9M
Accounts payable	$1.0B	$1.1B	$986.7M	$1.1B
Accrued expenses	$2.3B	$2.3B	$2.4B	$2.4B
Other current liabilities	$123.6M	$184.1M	$122.0M	$126.6M
Total current liabilities	$4.0B	$4.1B	$3.6B	$3.8B
Long-term debt, less current portion and debt issuance costs	$2.2B	$2.0B	$2.7B	$2.8B
Operating lease liabilities	$111.9M	$115.9M	$123.4M	$132.6M
Pension and postretirement health care benefits	$167.2M	$167.8M	$163.1M	$163.0M
Deferred tax liabilities	$123.0M	$123.7M	$143.7M	$139.5M
Other noncurrent liabilities	$881.8M	$894.5M	$882.1M	$841.5M
Total liabilities	$7.5B	$7.4B	$7.7B	$7.8B
Redeemable noncontrolling interests	$292.4M	$295.5M	$301.3M	$304.3M
Preferred stock; $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding in 2026 and 2025	0	0	0	0
Common stock; $0.01 par value, 150,000,000 shares authorized, 70,002,207 and 72,629,310 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively	700.0K	700.0K	700.0K	700.0K
Additional paid-in capital	$10.9M	$0	$16.0M	$10.0M
Retained earnings	$5.8B	$6.0B	$6.2B	$5.9B
Accumulated other comprehensive loss	($1.7B)	($1.7B)	($1.7B)	($1.8B)
Total stockholders’ equity	$4.1B	$4.3B	$4.5B	$4.2B
Total liabilities, redeemable noncontrolling interests and stockholders’ equity	$11.9B	$12.0B	$12.5B	$12.3B

Cash flow statement

AGCO Corp cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income (loss)	$719.0M	($485.6M)	$1.2B	$874.7M
Depreciation	$256.5M	$251.2M	$230.4M	$209.5M
Amortization of intangibles	$71.1M	$81.0M	$57.7M	$60.1M
Stock compensation expense	$28.4M	$18.4M	$46.4M	$34.0M
Impairment charges	$10.0M	$369.5M	—	$36.0M
Loss on sale of business	$10.8M	$507.3M	—	—
Gain on sale of investment in affiliate	($251.9M)	—	—	—
U.S. pension plan termination and settlement	$0	$18.5M	—	—
Equity in net earnings of affiliates, net of cash received	($20.6M)	($29.4M)	($36.4M)	($40.8M)
Deferred income tax benefit	($366.5M)	($102.7M)	($264.4M)	—
Other	$35.7M	$32.2M	$6.7M	$16.2M
Accounts and notes receivable, net	$231.0M	$59.1M	($443.8M)	($306.1M)
Inventories, net	$237.5M	$308.8M	($164.4M)	($668.3M)
Other current and noncurrent assets	($17.1M)	($36.7M)	($243.0M)	$20.1M
Accounts payable	$43.4M	($224.9M)	($191.6M)	$322.1M
Accrued expenses	($114.1M)	($190.2M)	$566.5M	$282.7M
Other current and noncurrent liabilities	$114.9M	$113.4M	$363.6M	$56.0M
Total adjustments	$269.1M	$1.2B	($68.2M)	($36.5M)
Net cash provided by operating activities	$988.1M	$689.9M	$1.1B	$838.2M
Purchases of property, plant and equipment	($247.9M)	($393.3M)	($518.1M)	($388.3M)
Proceeds from sale of property, plant and equipment	$2.0M	$2.1M	$11.8M	$2.6M
Purchase of businesses, net of cash acquired	$0	($1.9B)	($9.8M)	($111.3M)
Proceeds from sale of business	($1.8M)	$630.7M	—	—
Sale of (investments in) unconsolidated affiliates, net	$236.8M	—	—	—
Proceeds from cross currency swap contract	$0	$22.6M	—	—
Other	($17.4M)	($1.4M)	($8.0M)	($3.8M)
Net cash used in investing activities	($28.3M)	($1.7B)	($545.7M)	($496.8M)
Proceeds from indebtedness	$57.0M	$1.9B	$329.8M	$410.5M
Repayments of indebtedness	($436.7M)	($513.4M)	($458.6M)	($377.5M)
Purchases and retirement of common stock	($250.0M)	($22.0M)	($53.0M)	$0
Payment of dividends to stockholders	($86.5M)	($273.1M)	($457.4M)	($404.3M)
Payment of minimum tax withholdings on stock compensation	($13.0M)	($14.1M)	($21.6M)	($20.6M)
Payment of debt issuance costs	$0	($15.7M)	($10.9M)	($3.6M)
Investments by noncontrolling interests, net	$0	$8.1M	$0	($11.5M)
Net cash provided by (used in) financing activities	($729.2M)	$1.0B	($671.7M)	($407.0M)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	$18.5M	($67.8M)	($79.7M)	($34.0M)
Increase (decrease) in cash, cash equivalents and restricted cash	$249.1M	$17.2M	($194.0M)	($99.6M)
Cash, cash equivalents and restricted cash, beginning of year	$612.7M	$595.5M	$789.5M	$889.1M
Cash, cash equivalents and restricted cash, end of year	$861.8M	$612.7M	$595.5M	$789.5M

AGCO Corp cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income	$127.2M	$52.4M	$625.8M	$323.1M
Depreciation	$133.8M	$66.7M	$187.3M	$124.6M
Amortization of intangibles	$34.0M	$16.9M	$54.0M	$31.0M
Stock compensation expense	$27.9M	$10.4M	$25.0M	$17.9M
Impairment charges	$2.1M	$2.1M	$7.3M	$7.9M
Loss on sale of business	$0	—	$12.3M	$12.3M
Equity in net earnings of affiliates, net of cash received	($25.0M)	($18.0M)	($30.0M)	($23.1M)
Deferred income tax benefit	($64.5M)	($23.6M)	($348.8M)	($301.3M)
Other	($14.0M)	$4.0M	$23.4M	$14.0M
Accounts and notes receivable, net	($177.7M)	($177.1M)	$81.1M	$107.5M
Inventories, net	($298.8M)	($284.1M)	($113.4M)	($146.5M)
Other current and noncurrent assets	$43.8M	($24.0M)	($29.2M)	($70.3M)
Accounts payable	$114.9M	$202.3M	$98.6M	$176.1M
Accrued expenses	($156.5M)	($254.2M)	($241.4M)	($244.5M)
Other current and noncurrent liabilities	$7.8M	$15.8M	$124.4M	$124.8M
Total adjustments	($372.2M)	($462.8M)	($401.3M)	($169.6M)
Net cash provided by (used in) operating activities	($245.0M)	($410.4M)	$224.5M	$153.5M
Purchases of property, plant and equipment	($101.8M)	($44.6M)	($159.3M)	($90.4M)
Proceeds from sale of property, plant and equipment	$300.0K	$100.0K	$1.7M	$1.1M
Proceeds from sale of business	$0	—	($12.3M)	($12.3M)
Investments in unconsolidated affiliates	($34.7M)	—	—	—
Proceeds from sale of investments in unconsolidated affiliates	$188.4M	—	—	—
Other	($15.5M)	($12.6M)	($7.7M)	($5.3M)
Net cash provided by (used in) investing activities	$36.7M	($65.6M)	$81.2M	($108.1M)
Proceeds from indebtedness	$376.6M	$187.2M	$481.6M	$518.0M
Repayments of indebtedness	($56.2M)	($31.5M)	($458.0M)	($367.5M)
Purchases and retirement of common stock	($347.0M)	—	—	—
Payment of dividends to stockholders	($42.0M)	($21.0M)	($64.9M)	($43.3M)
Payment of minimum tax withholdings on stock compensation	($7.0M)	($4.6M)	($11.4M)	($9.1M)
Net cash provided by (used in) financing activities	($75.6M)	$130.1M	($52.7M)	$98.1M
Effects of exchange rate changes on cash, cash equivalents and restricted cash	($4.5M)	($1.0M)	$18.4M	$27.7M
Increase (decrease) in cash, cash equivalents and restricted cash	($288.4M)	($346.9M)	$271.4M	$171.2M
Cash, cash equivalents and restricted cash, beginning of period	$861.8M	$861.8M	$612.7M	$612.7M
Cash, cash equivalents and restricted cash, end of period	$573.4M	$514.9M	$884.1M	$783.9M

AGCO Corp score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.