AGCO
AGCO Corporation
AGCO's outlook is improving despite an expensive valuation.
BA
The Boeing Company
BA has the edge over AGCO overall, supported by stronger modeled upside and stronger valuation.
AGCO Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Under pressure | |
| Stable |
AGCO's revenue, profitability and balance sheet are currently stable, but its cash flow is under pressure.
BA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Stable | |
| Under pressure |
BA's profitability is currently healthy, and its revenue and cash flow are stable, but its balance sheet is under pressure.
AGCO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.8x | $34.04 | -69% |
| Fair | 13x | $51.31 | -54% |
| Forward | 17x | $111 | — |
| Current | 29x | $111 | — |
| Expensive | 34x | $131 | +18% |
Historical ranges are pointers, not guarantees.
AGCO's PE is in its expensive range at 29x. If earnings grow as analysts expect, today's price would be 17x next year's earnings, in its fair range.
BA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 18x | $172 | — |
| Cheap | 51x | $496 | +189% |
| Fair | 82x | $790 | +360% |
| Expensive | 91x | $876 | +411% |
Historical ranges are pointers, not guarantees.
BA has the edge over AGCO in the historical PE scenario, which offers more potential upside but is not a forecast.
AGCO Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect AGCO's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
BA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
BA has the edge over AGCO on the outlook, with more favorable revenue expectations.
AGCO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.42 | +65% |
| Q3 2026 | $3.89 | -23% |
| Q2 2026 | $7.23 | +440% |
| Q1 2026 | $10.37 | +$18.17 |
| Q4 2025 | $9.75 | +$15.44 |
| Q3 2025 | $5.03 | +123% |
| Q2 2025 | $1.34 | -76% |
| Q1 2025 | -$7.80 | -153% |
| Q4 2024 | -$5.69 | -136% |
AGCO's earnings per share have fallen from their peak: $3.89 over the past year, against $15.63 in late 2023.
BA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $9.66 | +$23.38 |
| Q2 2026 | $2.78 | +$19.33 |
| Q1 2026 | $2.53 | +$20.49 |
| Q4 2025 | $2.48 | +$20.84 |
| Q3 2025 | -$13.72 | -$0.83 |
| Q2 2025 | -$16.55 | -$10.93 |
| Q1 2025 | -$17.96 | -$14.42 |
| Q4 2024 | -$18.36 | -$14.69 |
BA has returned to profit: it earned $9.66 per share over the past year, after losing money the year before.
AGCO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.3B | -8.6% |
| Q2 2026 | $2.6B | -1% |
| Q1 2026 | $2.3B | +14% |
| Q4 2025 | $2.9B | +1.1% |
| Q3 2025 | $2.5B | -4.7% |
| Q2 2025 | $2.6B | -19% |
| Q1 2025 | $2.1B | -30% |
| Q4 2024 | $2.9B | -24% |
AGCO's revenue fell from its 2022 peak and has held roughly level since: $2.3B last quarter, down 8.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 5.1% | -1 points |
| Q2 2026 | 5.4% | -0.8 points |
| Q1 2026 | 3.4% | +1 points |
| Q4 2025 | 7.9% | +17 points |
| Q3 2025 | 6.1% | +1.7 points |
| Q2 2025 | 6.2% | +14 points |
| Q1 2025 | 2.4% | -6.9 points |
| Q4 2024 | -9.3% | -20 points |
AGCO has the edge over BA on profitability, with a higher operating margin.
BA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $24.2B | +3.9% |
| Q2 2026 | $24.6B | +8% |
| Q1 2026 | $22.2B | +14% |
| Q4 2025 | $23.9B | +57% |
| Q3 2025 | $23.3B | +30% |
| Q2 2025 | $22.7B | +35% |
| Q1 2025 | $19.5B | +18% |
| Q4 2024 | $15.2B | -31% |
BA has the edge over AGCO on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 1.5% | +22 points |
| Q2 2026 | 0.6% | +1.4 points |
| Q1 2026 | 2% | -0.3 points |
| Q4 2025 | 37% | +61 points |
| Q3 2025 | -21% | +12 points |
| Q2 2025 | -0.8% | +5.7 points |
| Q1 2025 | 2.4% | +2.9 points |
| Q4 2024 | -25% | -26 points |
BA's operating margin was 1.5% last quarter, up 22 points from the same quarter a year ago.
AGCO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$33.8M | -1710% |
| Q2 2026 | $108.2M | -67% |
| Q1 2026 | -$455M | -$194.6M |
| Q4 2025 | $675M | -1.3% |
| Q3 2025 | $2.1M | +$61.9M |
| Q2 2025 | $323.5M | +135% |
| Q1 2025 | -$260.4M | +$204.6M |
| Q4 2024 | $683.9M | -7.6% |
AGCO usually generates cash, though not every quarter: the latest was −$34M, but it generated $294M over the past year.
BA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $464M | +95% |
| Q2 2026 | $631M | +$831M |
| Q1 2026 | -$1.5B | +$836M |
| Q4 2025 | $375M | +$4.5B |
| Q3 2025 | $238M | +$2.2B |
| Q2 2025 | -$200M | +$4.1B |
| Q1 2025 | -$2.3B | +$1.6B |
| Q4 2024 | -$4.1B | -239% |
BA has the edge over AGCO on cash flow, with more consistent year-over-year improvement.
AGCO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.4% | -1.7M shares |
| 1 year | -7% | -5.2M shares |
| 3 years | -7.3% | -5.5M shares |
| 5 years | -8.1% | -6.1M shares |
| Available history | -9.7% | -7.5M shares |
AGCO has the edge over BA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $56.7M |
| Q4 2022 | — |
| Q4 2021 | $60M |
| Q3 2021 | $75M |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
BA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +2.1M shares |
| 1 year | +4.3% | +32.8M shares |
| 3 years | +31% | +186M shares |
| 5 years | +35% | +204M shares |
| Available history | +40% | +227M shares |
BA has 793M diluted shares, up 4.3% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
AGCO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.5x | Moderate |
| Q2 2026 | 2.3x | Moderate |
| Q1 2026 | 2.1x | Moderate |
| Q4 2025 | 1.7x | Healthy |
| Q3 2025 | 4.6x | High |
| Q2 2025 | 5.9x | High |
| Q4 2024 | 9.7x | High |
| Q3 2024 | 4.0x | Elevated |
AGCO has the edge over BA on leverage, with a lower net debt burden relative to earnings.
BA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.0x | Elevated |
| Q2 2026 | 5.7x | High |
| Q1 2026 | 6.0x | High |
| Q4 2025 | 6.9x | High |
| Q2 2024 | 361.8x | High |
| Q1 2024 | 36.1x | High |
| Q4 2023 | 36.4x | High |
| Q3 2023 | 96.1x | High |
BA's net debt is about 3.0 years of its operating earnings (EBITDA), down from more than 20 years a year ago.
AGCO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.0 | Neutral |
| Stochastic | 34.4 | Neutral |
AGCO's weekly RSI is 49 (neutral) and its Stochastic is 34 (neutral).
BA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 31.1 | Neutral |
| Stochastic | 9.6 | Oversold |
BA's weekly RSI is 31 (neutral) and its Stochastic is 10 (oversold).
AGCO PE vs Industrials Sector
| Metric | AGCO | Sector median | Relative |
|---|---|---|---|
| PE | 29x | 24x | 19% above |
| PE % | 78 | 58 | 20 pts above |
AGCO is trading at 29x earnings, a 19% premium to the Industrials sector's median of 24x.
BA PE vs Industrials Sector
| Metric | BA | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 24x | 26% below |
| PE % | 0 | 58 | 58 pts below |
BA has the edge over AGCO on valuation relative to its sector.
AGCO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $109.8 | 1.5% above |
| 20 week MA | $112.3 | 0.8% below |
| 50 week MA | $114.9 | 3% below |
| 100 week MA | $108.4 | 2.8% above |
| 200 week MA | $111.7 | 0.2% below |
AGCO has the edge over BA on trend strength, trading above more of its moving averages.
BA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $184.6 | 7.1% below |
| 20 week MA | $203.8 | 16% below |
| 50 week MA | $215.5 | 20% below |
| 100 week MA | $205.9 | 17% below |
| 200 week MA | $200.6 | 14% below |
BA is in a downtrend: it's below all five of its weekly moving averages, and 14% below its 200-week average.
AGCO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $77.8 | $103.2 | +33% |
| 2021 | $103.2 | $115.6 | +12% |
| 2022 | $115.6 | $134.2 | +16% |
| 2023 | $134.2 | $121.4 | -9.5% |
| 2024 | $121.4 | $93.2 | -23% |
| 2025 | $93.2 | $105.5 | +13% |
| 2026 YTD | $105.5 | $111.4 | +5.7% |
AGCO has the edge over BA on returns for 2026, with the stronger performance.
BA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $330.1 | $217.2 | -34% |
| 2021 | $217.2 | $204.2 | -6% |
| 2022 | $204.2 | $189.1 | -7.4% |
| 2023 | $189.1 | $260.7 | +38% |
| 2024 | $260.7 | $180.7 | -31% |
| 2025 | $180.7 | $216.4 | +20% |
| 2026 YTD | $216.4 | $171.6 | -21% |
BA has finished lower in four of the last six years. It's down 21% so far in 2026.