AGCO vs Deere
Deere reported revenue of $45.7 billion in fiscal 2025, 4.5 times AGCO's $10.1 billion in fiscal 2025. AGCO's revenue fell 13.6% in its latest year, and Deere's fell 11.7%. Free cash flow was $740 million at AGCO and $6.1 billion at Deere. Their fiscal years end in different months (December 31 and November 2), so the periods don't line up exactly.
Side by side
| AGCO | Deere | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Nov 2, 2025 |
| Revenue | $10.1B | $45.7B |
| Revenue growth | −13.6% | −11.7% |
| Revenue growth a year, last 5 years | 2.0% | 5.2% |
| Gross margin | 25.5% | — |
| Operating margin | 5.9% | — |
| Net margin | 7.2% | 11.0% |
| Free cash flow | $740M | $6.1B |
| Free cash flow margin | 7.3% | 13.3% |
| Return on capital | 10.4% | — |
| Net debt to EBITDA | 1.7x | — |
| Dividends and buybacks | $336M | $2.9B |
| Change in diluted share count | −0.3% | −1.9% |
| Last close | $104.21 | $641.25 |
| P/E at the last close | 14.4× | 35.6× |
| Insider trades, last 12 months | bought $100,710, sold $110.1 million | sold $55.9 million |
| Piotroski F-score | 8 of 9 | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
AGCODeere
Operating margin
Percent of revenue
AGCODeere
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
AGCODeere