AGCO Corporation (AGCO)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,899,100 | 3,777,400 | 3,001,300 | 2,572,300 | 2,057,500 |
| Revenue | US$ in thousands | 11,061,600 | 14,407,800 | 25,289,800 | 22,269,900 | 18,284,400 |
| Gross profit margin | 26.21% | 26.22% | 11.87% | 11.55% | 11.25% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,899,100K ÷ $11,061,600K
= 26.21%
AGCO Corporation's gross profit margin has shown a fluctuating trend over the years, starting at 11.25% on December 31, 2020, and steadily increasing to 11.55% by December 31, 2021, and further to 11.87% by December 31, 2022. However, a significant jump occurred by December 31, 2023, where the gross profit margin surged to 26.22%, indicating a substantial improvement in profitability. This improvement was sustained as the margin remained relatively stable at 26.21% by December 31, 2024. Overall, the recent years have shown a positive trajectory in AGCO Corporation's gross profit margin, suggesting efficient cost management and potentially enhanced pricing strategies.
Peer comparison
Dec 31, 2024