AGCO vs CNH Industrial
Add, change or remove companies; up to four.
KIRA’s take AI analyst
I put AGCO and CNH Industrial side by side, using each one’s latest annual report. Here is what stands out:
- CNH Industrial is the larger business, with $18.1B of revenue in fiscal 2025 against $10.1B for AGCO, about 1.8 times as much.
- CNH Industrial grew revenue faster (−8.8%, against −13.6%).
- AGCO earned a higher return on the capital invested in it (10.4%, against 4.6%).
- Investors pay more for each dollar of CNH Industrial’s earnings: a P/E of 45.0x against 14.4x for AGCO.
Who comes out ahead
Of the 8 measures where higher (or lower) is clearly better, how many each company leads.
AGCO
AGCO
4/8
Net marginReturn on capitalReturn on equityNet debt / EBITDA
CNH Industrial
CNH
4/8
Revenue growth5-year growthGross marginShare count change
Side by side
Best in the row
| Latest fiscal year | AGCO FY25 | CNH FY25 |
|---|---|---|
| Size | ||
| Market cap | $7.4B | $14.0B |
| Revenue | $10.1B | $18.1B |
| Free cash flow | $740M | — |
| Net income | $727M | $510M |
| Growth | ||
| Revenue growth | −13.6% | −8.8% |
| 5-year growth | 2.0% | 4.1% |
| Share count change | −0.3% | −0.7% |
| Profitability | ||
| Gross margin | 25.5% | 31.5% |
| Operating margin | 5.9% | — |
| Net margin | 7.2% | 2.8% |
| FCF margin | 7.3% | — |
| Return on capital | 10.4% | 4.6% |
| Return on equity | 18.1% | 6.6% |
| Balance sheet | ||
| Net debt | $1.5B | $24.2B |
| Net debt / EBITDA | 1.7x | 9.6x |
| Dividends and buybacks | $337M | $333M |
| Valuation & quality | ||
| P/E | 14.4x | 45.0x |
| Piotroski F-score | 8 | — |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.