AGCO Corporation (AGCO)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -326,400 | 1,401,800 | 1,186,200 | 1,005,400 | 614,800 |
| Revenue | US$ in thousands | 11,061,600 | 14,407,800 | 25,289,800 | 22,269,900 | 18,284,400 |
| Pretax margin | -2.95% | 9.73% | 4.69% | 4.51% | 3.36% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-326,400K ÷ $11,061,600K
= -2.95%
AGCO Corporation's pretax margin has shown varying trends over the past five years. In 2020, the pretax margin was 3.36%, which increased to 4.51% in 2021 and further to 4.69% in 2022. There was a significant improvement in 2023, with the pretax margin reaching 9.73%. However, a notable decline was observed in 2024, with the pretax margin dropping to -2.95%. This negative pretax margin in 2024 indicates that AGCO Corporation may have incurred pre-tax losses during that fiscal year. The fluctuation in pretax margin highlights the importance of closely monitoring the company's profitability and cost management strategies to ensure sustainable financial performance.
Peer comparison
Dec 31, 2024