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Side-by-side financial comparison of AGCO CORP (AGCO) and KE Holdings Inc. (BEKE). Click either name above to swap in a different company.
KE Holdings Inc. is the larger business by last-quarter revenue ($3.2B vs $2.9B, roughly 1.1× AGCO CORP). AGCO CORP runs the higher net margin — 3.3% vs 3.2%, a 0.0% gap on every dollar of revenue. Over the past eight quarters, KE Holdings Inc.'s revenue compounded faster (9.8% CAGR vs -0.1%).
AGCO Corporation is an American agricultural machinery manufacturer headquartered in Duluth, Georgia, United States. It was founded in 1990. AGCO designs, produces and sells tractors, combines, foragers, hay tools, self-propelled sprayers, smart farming technologies, seeding equipment, and tillage equipment.
KE Holdings Inc., operating under the well-known Beike brand, is a leading integrated online and offline residential service platform based in China. It offers a full range of services including second-hand property brokerage, new housing sales agency, home rental, renovation, and related financial consultation to meet diverse housing-related demands of consumers across multiple scenarios.
AGCO vs BEKE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.9B | $3.2B |
| Net Profit | $95.5M | $104.9M |
| Gross Margin | 25.4% | 21.4% |
| Operating Margin | 7.9% | 2.6% |
| Net Margin | 3.3% | 3.2% |
| Revenue YoY | 1.1% | — |
| Net Profit YoY | 137.3% | — |
| EPS (diluted) | $1.30 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $2.9B | $3.2B | ||
| Q3 25 | $2.5B | $3.6B | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.1B | $3.2B | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.6B | $3.2B | ||
| Q2 24 | $3.2B | $3.2B | ||
| Q1 24 | $2.9B | $2.3B |
| Q4 25 | $95.5M | $104.9M | ||
| Q3 25 | $305.7M | $182.4M | ||
| Q2 25 | $314.8M | — | ||
| Q1 25 | $10.5M | $117.9M | ||
| Q4 24 | $-255.7M | — | ||
| Q3 24 | $30.0M | $166.5M | ||
| Q2 24 | $-367.1M | $261.5M | ||
| Q1 24 | $168.0M | $59.8M |
| Q4 25 | 25.4% | 21.4% | ||
| Q3 25 | 26.1% | 21.9% | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 25.4% | 20.7% | ||
| Q4 24 | 23.9% | — | ||
| Q3 24 | 23.2% | 22.7% | ||
| Q2 24 | 25.8% | 27.9% | ||
| Q1 24 | 26.3% | 25.2% |
| Q4 25 | 7.9% | 2.6% | ||
| Q3 25 | 6.1% | 4.1% | ||
| Q2 25 | 6.2% | — | ||
| Q1 25 | 2.4% | 2.5% | ||
| Q4 24 | -9.3% | — | ||
| Q3 24 | 4.4% | 3.2% | ||
| Q2 24 | -7.4% | 8.6% | ||
| Q1 24 | 9.3% | 0.1% |
| Q4 25 | 3.3% | 3.2% | ||
| Q3 25 | 12.3% | 5.0% | ||
| Q2 25 | 11.9% | — | ||
| Q1 25 | 0.5% | 3.7% | ||
| Q4 24 | -8.9% | — | ||
| Q3 24 | 1.2% | 5.2% | ||
| Q2 24 | -11.3% | 8.1% | ||
| Q1 24 | 5.7% | 2.6% |
| Q4 25 | $1.30 | — | ||
| Q3 25 | $4.09 | — | ||
| Q2 25 | $4.22 | — | ||
| Q1 25 | $0.14 | — | ||
| Q4 24 | $-3.42 | — | ||
| Q3 24 | $0.40 | — | ||
| Q2 24 | $-4.92 | — | ||
| Q1 24 | $2.25 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $861.8M | $1.3B |
| Total DebtLower is stronger | $2.4B | — |
| Stockholders' EquityBook value | $4.3B | — |
| Total Assets | $11.9B | $16.8B |
| Debt / EquityLower = less leverage | 0.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $861.8M | $1.3B | ||
| Q3 25 | $884.1M | $1.6B | ||
| Q2 25 | $783.9M | — | ||
| Q1 25 | $562.6M | $1.8B | ||
| Q4 24 | $612.7M | — | ||
| Q3 24 | $622.6M | $1.4B | ||
| Q2 24 | $657.3M | $1.3B | ||
| Q1 24 | $2.5B | $2.5B |
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $4.0B | — | ||
| Q2 24 | $3.9B | — | ||
| Q1 24 | $3.7B | — |
| Q4 25 | $4.3B | — | ||
| Q3 25 | $4.5B | $9.6B | ||
| Q2 25 | $4.2B | — | ||
| Q1 25 | $3.8B | $9.5B | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $4.1B | $10.1B | ||
| Q2 24 | $4.1B | $9.7B | ||
| Q1 24 | $4.8B | $9.6B |
| Q4 25 | $11.9B | $16.8B | ||
| Q3 25 | $12.5B | $17.3B | ||
| Q2 25 | $12.3B | — | ||
| Q1 25 | $11.5B | $18.0B | ||
| Q4 24 | $11.2B | — | ||
| Q3 24 | $13.5B | $17.5B | ||
| Q2 24 | $13.6B | $16.9B | ||
| Q1 24 | $13.5B | $16.5B |
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.68× | — | ||
| Q1 25 | 0.74× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.95× | — | ||
| Q2 24 | 0.95× | — | ||
| Q1 24 | 0.78× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $763.6M | — |
| Free Cash FlowOCF − Capex | $675.0M | — |
| FCF MarginFCF / Revenue | 23.1% | — |
| Capex IntensityCapex / Revenue | 3.0% | — |
| Cash ConversionOCF / Net Profit | 8.00× | — |
| TTM Free Cash FlowTrailing 4 quarters | $740.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $763.6M | — | ||
| Q3 25 | $71.0M | — | ||
| Q2 25 | $365.7M | — | ||
| Q1 25 | $-212.2M | $-546.4M | ||
| Q4 24 | $797.9M | — | ||
| Q3 24 | $26.5M | $64.0M | ||
| Q2 24 | $235.5M | — | ||
| Q1 24 | $-370.0M | — |
| Q4 25 | $675.0M | — | ||
| Q3 25 | $2.1M | — | ||
| Q2 25 | $323.5M | — | ||
| Q1 25 | $-260.4M | — | ||
| Q4 24 | $683.9M | — | ||
| Q3 24 | $-59.8M | — | ||
| Q2 24 | $137.5M | — | ||
| Q1 24 | $-465.0M | — |
| Q4 25 | 23.1% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 12.3% | — | ||
| Q1 25 | -12.7% | — | ||
| Q4 24 | 23.7% | — | ||
| Q3 24 | -2.3% | — | ||
| Q2 24 | 4.2% | — | ||
| Q1 24 | -15.9% | — |
| Q4 25 | 3.0% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 3.9% | — | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 3.0% | — | ||
| Q1 24 | 3.2% | — |
| Q4 25 | 8.00× | — | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | -20.21× | -4.64× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.88× | 0.38× | ||
| Q2 24 | — | — | ||
| Q1 24 | -2.20× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AGCO
Segment breakdown not available.
BEKE
| New home transaction services | $932.6M | 29% |
| Existing home transaction services | $841.5M | 26% |
| Home rental services | $804.4M | 25% |
| Home renovation and furnishing | $604.0M | 19% |
| Emerging and other services | $55.6M | 2% |
