Forensic Analysis · Industrials / Manufacturing / Defense · as of Aug 11, 2026

Agco Corp (AGCO)

A forensic read on Agco Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

C · Mixed — selective

Forensic grade

Safe

Financial health

3.8

Distress distance

Clean

Earnings quality

Forensic signals

13.6

P / E (ttm)

17.0%

ROE

$7.0B

Market cap

1.18%

Dividend yield

-13.5%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Agco Corp earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 3.8, placing it in the Safe zone. 4 forensic signals were flagged in its latest SEC filings, led by goodwill impairments.

What the filings flag

$548M

FY2019–FY2024

Goodwill impairments. Took $548M of goodwill writedowns across 3 years (FY2019 ($174M), FY2020 ($20M), FY2024 ($354M)) — about 18% of net income over the span. A large writedown means an acquisition turned out worth far less than was paid — a real mark against M&A discipline.

7.2%

FY2025

Return on invested capital. Return on invested capital is 7.2% in the latest fiscal year and slipping from 17% — slightly below its ~9% cost of capital — reinvestment is roughly a wash.

-0.2%/yr

FY2022–FY2025

Share count. Diluted share count changed -1% over the last 3 years to FY2025 (-0.2%/yr). Roughly flat — buybacks ($250M) are about offsetting stock comp ($28M), not shrinking the count. Per-share value isn't being meaningfully helped or hurt by the count.

-68%

FY2024→FY2025

Dividend — cut. The payout was CUT ~68% in FY2025 (from FY2024). It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies.

Key fundamentals

Latest Revenue$10.08B

Revenue Growth YoY-13.5%

Net Margin7.2%

Free Cash Flow$740.2M

Return on Equity17.0%

Debt / Equity0.57x

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Data from SEC EDGAR public filings · metrics as of Aug 11, 2026. Forensic signals flag probability, not certainty.