AGCO Corporation (AGCO)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,401,800 | 1,551,800 | 1,508,000 | 1,327,000 | 1,186,200 | 1,042,400 | 981,700 | 1,023,000 | 1,005,400 | 941,500 | 904,600 | 715,100 | 614,800 | 346,300 | 222,600 | 315,600 | 306,000 | 505,100 | 509,300 | 445,200 |
| 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 |
| Pretax margin | 9.73% | 8.44% | 7.12% | 5.71% | 4.69% | 4.38% | 4.27% | 4.47% | 4.51% | 4.40% | 4.32% | 3.73% | 3.36% | 2.69% | 1.84% | 2.44% | 2.34% | 2.78% | 2.77% | 2.39% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,401,800K ÷ $14,407,800K
= 9.73%
AGCO Corp.'s pretax margin has shown a generally positive trend over the past four quarters, with values increasing from 9.26% in Q4 2022 to 10.69% in Q3 2023, before slightly declining to 9.73% in Q4 2023. These margins indicate the company's ability to generate profits before accounting for taxes relative to its total revenue. The variations in pretax margin reflect changes in the company's efficiency in managing operating expenses and generating profits. Overall, AGCO Corp. has demonstrated relatively stable performance in terms of pretax margin, with occasional fluctuations across the quarters.
Peer comparison
Dec 31, 2023