| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 68 | 16.7x | 17.8x | Top tier | |
Growth | 33 | 1.7% | 7.1% | Bottom tier | |
Quality | 45 | 6.2% | 4.5% | Around median | |
Safety | 56 | 2.4x | 2.6x | Around median | |
Capital Return | 30 | 0.97% | 2.12% | Bottom tier | |
Momentum | 48 | -11.7% | 2.9% | Around median | |
Sentiment | 74 | 11 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
AGCO Corporation manufactures and sells agricultural equipment, precision agriculture technologies, and aftermarket services, with a portfolio that includes brands such as Fendt and Massey Ferguson and solutions such as PTX and Precision Planting. The company relies on sales of tractors and agricultural equipment, including high-horsepower tractors, hay tools, combines, sprayers, and planting equipment, as well as sales of technology solutions to its own factories, more than 100 original equipment manufacturers, and through retrofit channels for existing equipment. The parts business adds a more stable and recurring revenue stream; its sales reached $516 million in Q2 of fiscal 2026, representing reported growth of approximately 3% and remaining nearly flat when excluding currency effects.
In Q2 of fiscal 2026, revenue reached $2.6 billion, down 1% year over year on a reported basis and 4% in constant currency, while gross profit was $645.9 million, equivalent to a gross margin of approximately 24.8%. The company recorded net income of $77.2 million and reported earnings per share of $1.08, while adjusted earnings per share were $1.43 versus $1.35 in the comparable period. Operating income declined 14% to $140.7 million, reported operating margin fell 80 basis points to 5.4%, and adjusted margin declined 170 basis points to 6.6%.
The regional mix in Q2 of fiscal 2026 revealed sharp divergence: North American sales increased approximately 20% in constant currency, supported by high-horsepower tractors, hay tools, and market-share gains, while Latin America declined 25%, Europe and the Middle East approximately 5%, and Asia Pacific and Africa more than 6%. Fiscal 2025 revenue was approximately $10.1 billion, with gross profit of $2.6 billion and net income of $726.5 million, while trailing 12-month data ending during 2026 show revenue of $10.3 billion and net income of $533.4 million. This reflects revenue remaining near the fiscal 2025 level, alongside clear pressure on profitability from weaker volumes and higher input and tariff costs.
The average analyst price target is $127.83, with a Neutral consensus and a wide range between $99 and $159; the average is approximately 11% below the 52-week range high of $143.78, while the upper end of the target range exceeds that high by approximately 11%. The 52-week range extends from $98.22 to $143.78, and the data do not provide a usable current price-to-earnings ratio, so AGCO's valuation is closely tied to its ability to achieve fiscal 2026 guidance for adjusted earnings of between $5.50 and $5.75 per share and an adjusted operating margin of 7.5% despite weak demand and tariffs.
Figures in the text are as of 2026-08-30; the live price is shown at the top of the page.
Revenue reached $2.6 billion in Q2 of fiscal 2026, down 1% year over year on a reported basis and 4% in constant currency. Gross profit was $645.9 million, net income was $77.2 million, and reported earnings per share were $1.08. Adjusted earnings per share increased to $1.43 from $1.35, but operating income declined 14% to $140.7 million, and adjusted operating margin fell 170 basis points to 6.6%.
North American sales increased approximately 20% in constant currency in Q2 of fiscal 2026, led by high-horsepower tractors and hay tools. The company recorded market-share gains for the Fendt and Massey Ferguson brands, with strong regional pricing of approximately 3.5%. Dealer unit inventories declined approximately 6% sequentially, so management said the growth reflected actual sales to farmers rather than merely increased shipments to dealers.
PTX sells its technologies to AGCO factories and more than 100 original equipment manufacturers, as well as to the retrofit market for existing equipment. Management expects PTX sales in fiscal 2026 to be flat or slightly above the $860 million recorded in the previous year despite weakness in the equipment industry. Precision Planting SymphonyVision sales increased 35% during fiscal 2026, while the channel includes 320 AGCO dealers and 85 specialized dealers, and the PTX network covers more than 90% of the market.
Automated analysis for informational purposes only — not investment advice.
AGCO expects annual revenue of between $10.1 billion and $10.2 billion and adjusted earnings per share of between $5.50 and $5.75 in fiscal 2026. It is targeting an adjusted operating margin of approximately 7.5%, capital expenditures of between $300 million and $325 million, and free cash flow conversion equivalent to 75%–100% of adjusted net income. For Q3 of fiscal 2026, the company is targeting revenue of between $2.3 billion and $2.4 billion and earnings per share of between $0.85 and $0.90, excluding any potential additional IEEPA tariff refunds.
The company expects the North American large agricultural equipment market to decline approximately 15% from fiscal 2025, Western Europe to remain approximately flat, and Brazil to decline between 5% and 10%. It also expects total tariff costs of $115 million and a net impact of approximately $95 million after a $22 million IEEPA tariff refund. In addition, the company used approximately $347 million of free cash flow in the first half of fiscal 2026, compared with positive cash flow of $63 million in the corresponding period, while adjusted operating margin in Q2 of fiscal 2026 declined to 6.6%.
Dealer inventory was approximately 3.5 months in Europe versus a target of approximately four months, approximately 3.5 months in Latin America versus a target of three months, and slightly less than seven months in North America versus a target of six months during Q2 of fiscal 2026. Dealer inventory units declined approximately 5% in Latin America and approximately 7% in North America during the quarter. Management expects production hours in fiscal 2026 to be slightly below fiscal 2025, with production in South America remaining approximately 15% below retail sales through the end of the fiscal year.
