AGCO Corporation (AGCO)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,899,100 | 3,193,200 | 3,524,100 | 3,692,300 | 3,777,400 | 3,735,200 | 3,540,100 | 3,224,900 | 3,001,300 | 2,743,400 | 2,631,200 | 2,633,100 | 2,572,300 | 2,485,200 | 2,437,200 | 2,177,500 | 2,057,500 | 1,975,400 | 1,846,900 | 1,978,100 |
| Revenue (ttm) | US$ in thousands | 11,059,700 | 12,580,600 | 13,431,300 | 14,001,600 | 14,407,800 | 18,393,300 | 21,184,200 | 23,251,800 | 25,289,800 | 23,806,900 | 23,015,000 | 22,886,900 | 22,269,900 | 21,391,700 | 20,934,100 | 19,185,200 | 18,284,400 | 12,873,900 | 12,094,900 | 12,926,600 |
| Gross profit margin | 26.21% | 25.38% | 26.24% | 26.37% | 26.22% | 20.31% | 16.71% | 13.87% | 11.87% | 11.52% | 11.43% | 11.50% | 11.55% | 11.62% | 11.64% | 11.35% | 11.25% | 15.34% | 15.27% | 15.30% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,899,100K ÷ $11,059,700K
= 26.21%
AGCO Corporation's gross profit margin has displayed some fluctuations over the periods provided. The margin started at around 15% in March 2020 and remained relatively stable until December 2020 when it dropped significantly to about 11%. This decline continued into the first half of 2021, reaching a low point of 11.35% in March 2021. From June 2021 onwards, there was a gradual improvement in the gross profit margin, with the margin increasing to 16.71% by June 2023.
The significant spike in the gross profit margin in the latter half of 2023, reaching 26.22% by December 2023, indicates a notable improvement in the company's profitability. This positive trend continued into 2024, with the gross profit margin remaining above 25%.
Overall, the increasing trend in the gross profit margin from mid-2021 to the end of 2024 suggests that AGCO Corporation has been able to enhance its efficiency in managing production costs and generating higher revenues from its operations.
Peer comparison
Dec 31, 2024