AGCO Corporation (AGCO)
Operating profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,700,400 | 1,773,100 | 1,681,600 | 1,448,700 | 1,265,400 | 1,063,600 | 983,400 | 1,010,200 | 1,001,400 | 915,400 | 887,500 | 694,500 | 599,700 | 371,900 | 253,800 | 356,100 | 348,100 | 557,000 | 562,400 | 530,900 |
| Revenue (ttm) | US$ in thousands | 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 | 13,061,500 | 18,200,000 | 18,410,000 | 18,624,800 |
| Operating profit margin | 11.80% | 9.64% | 7.94% | 6.23% | 5.00% | 4.47% | 4.27% | 4.41% | 4.50% | 4.28% | 4.24% | 3.62% | 3.28% | 2.89% | 2.10% | 2.75% | 2.67% | 3.06% | 3.05% | 2.85% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,700,400K ÷ $14,407,800K
= 11.80%
AGCO Corp.'s operating profit margin has shown a generally increasing trend over the past eight quarters, ranging from 8.97% in Q2 2022 to 12.29% in Q3 2023. This indicates the company's ability to generate profits from its core operations has been improving. Despite some fluctuations, the operating profit margin has consistently been above 10% since Q4 2022, suggesting effective cost management and operational efficiency. The highest operating profit margin recorded was in Q3 2023 at 12.29%, reflecting strong performance. Overall, AGCO Corp.'s improving operating profit margin demonstrates a positive trend in its operational profitability.
Peer comparison
Dec 31, 2023