Filing Flows › Agco (AGCO) › Q4 2025
Agco (AGCO) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 13, 2026
Agco (AGCO) reported revenue of $2.9B for the fourth quarter 2025 (Q4 2025), +1% from a year earlier and +18% from the quarter before. Operating margin was 7.9%, net earnings $95.5M (3.3% of revenue).
Agco, Q4 2025: revenue $2.9B (+1% year over year), operating margin 7.9%, net earnings $95.5M, operating cash flow $764M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.9B | +18% | +1% |
| Gross profit | $741M | +15% | +8% |
| Operating profit | $231M | +52% | — |
| Net earnings | $95.5M | -69% | — |
| Operating cash flow | $764M | +975% | -4% |
| Free cash flow | $675M | 321× | -1% |
What changed
Revenue was $2.9B in Q4 2025, up 1% year over year and up 18% from the previous quarter. Tractors was the largest line at 72% of revenue.
Gross margin was 25.4%, up 1.5 points from a year earlier. Operating profit was $0.23B, a 7.9% margin (up 17.2 points year over year). Operating expenses fell 47% while revenue rose 1%. Net earnings were $0.10B. The effective tax rate was 45.3%.
Operating cash flow was $0.76B (down 4% year over year), 819% of net income including minority interests. Non-cash charges added back $0.09B of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items added $0.58B. Capital expenditures of $0.09B left free cash flow of $0.68B.
Questions
What was Agco's revenue in the fourth quarter 2025?
Agco (AGCO) reported revenue of $2.9B for the fourth quarter 2025 (Q4 2025), +1% from a year earlier and +18% from the quarter before.
Was Agco profitable in the fourth quarter 2025?
Operating profit was $231M (7.9% of revenue) and net earnings $95.5M.
Source: Agco 10-K on SEC EDGAR.