Filing Flows › Agco (AGCO) › Q1 2025
Agco (AGCO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Agco (AGCO) reported revenue of $2.1B for the first quarter 2025 (Q1 2025), -30% from a year earlier and -29% from the quarter before. Operating margin was 2.4%, net earnings $10.5M (0.5% of revenue).
Agco, Q1 2025: revenue $2.1B (-30% year over year), operating margin 2.4%, net earnings $10.5M, operating cash flow −$212M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | -29% | -30% |
| Gross profit | $521M | -24% | -32% |
| Operating profit | $49.4M | — | -82% |
| Net earnings | $10.5M | — | -94% |
| Operating cash flow | −$212M | — | — |
What changed
Revenue was $2.1B in Q1 2025, down 30% year over year and down 29% from the previous quarter. Tractors was the largest line at 61% of revenue. Tractors lost $0.52B year over year (down 29%), 60% of the total change.
Gross margin was 25.4%, down 0.9 points from a year earlier. Operating profit was $0.05B, a 2.4% margin (down 6.9 points year over year). Operating expenses fell 5% while revenue fell 30%. Net earnings were $0.01B, down 94% year over year. The effective tax rate was 18.7%.
Operating cash flow was −$0.21B. Non-cash charges added back $0.08B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.30B. Capital expenditures of $0.05B exceeded it, leaving free cash flow of −$0.26B.
Questions
What was Agco's revenue in the first quarter 2025?
Agco (AGCO) reported revenue of $2.1B for the first quarter 2025 (Q1 2025), -30% from a year earlier and -29% from the quarter before.
Was Agco profitable in the first quarter 2025?
Operating profit was $49.4M (2.4% of revenue) and net earnings $10.5M.
Source: Agco 10-Q on SEC EDGAR.