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Side-by-side financial comparison of Adecoagro S.A. (AGRO) and Antero Midstream Corp (AM). Click either name above to swap in a different company.

Adecoagro S.A. is the larger business by last-quarter revenue ($304.2M vs $291.1M, roughly 1.0× Antero Midstream Corp). Antero Midstream Corp runs the higher net margin — 41.5% vs 2.1%, a 39.4% gap on every dollar of revenue. On growth, Antero Midstream Corp posted the faster year-over-year revenue change (-7.3% vs -35.5%).

Astra Agro Lestari Tbk. (AAL) is the second biggest palm oil company in Indonesia. It is a subsidiary of PT Astra International Tbk. At least in 2004, it controlled extensive land banks. It has two concessions on peatlands in Riau, with an estimated total area of 20,000 hectares.

Antero Resources Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado. The company's reserves are entirely in the Appalachian Basin and are extracted using hydraulic fracturing.

AGRO vs AM — Head-to-Head

Bigger by revenue
AGRO
AGRO
1.0× larger
AGRO
$304.2M
$291.1M
AM
Growing faster (revenue YoY)
AM
AM
+28.1% gap
AM
-7.3%
-35.5%
AGRO
Higher net margin
AM
AM
39.4% more per $
AM
41.5%
2.1%
AGRO

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
AGRO
AGRO
AM
AM
Revenue
$304.2M
$291.1M
Net Profit
$6.4M
$120.7M
Gross Margin
35.1%
Operating Margin
18.7%
60.9%
Net Margin
2.1%
41.5%
Revenue YoY
-35.5%
-7.3%
Net Profit YoY
-65.7%
2.1%
EPS (diluted)
$0.07
$0.25

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.

Revenue
AGRO
AGRO
AM
AM
Q1 26
$291.1M
Q4 25
$297.0M
Q3 25
$304.2M
$294.8M
Q2 25
$305.5M
Q1 25
$291.1M
Q4 24
$287.5M
Q3 24
$471.5M
$269.9M
Q2 24
$269.8M
Net Profit
AGRO
AGRO
AM
AM
Q1 26
$120.7M
Q4 25
$51.9M
Q3 25
$6.4M
$116.0M
Q2 25
$124.5M
Q1 25
$120.7M
Q4 24
$111.2M
Q3 24
$18.7M
$99.7M
Q2 24
$86.0M
Gross Margin
AGRO
AGRO
AM
AM
Q1 26
Q4 25
Q3 25
35.1%
Q2 25
Q1 25
Q4 24
Q3 24
25.1%
Q2 24
Operating Margin
AGRO
AGRO
AM
AM
Q1 26
60.9%
Q4 25
33.8%
Q3 25
18.7%
61.2%
Q2 25
61.0%
Q1 25
60.9%
Q4 24
61.8%
Q3 24
6.3%
60.2%
Q2 24
56.6%
Net Margin
AGRO
AGRO
AM
AM
Q1 26
41.5%
Q4 25
17.5%
Q3 25
2.1%
39.3%
Q2 25
40.8%
Q1 25
41.5%
Q4 24
38.7%
Q3 24
4.0%
37.0%
Q2 24
31.9%
EPS (diluted)
AGRO
AGRO
AM
AM
Q1 26
$0.25
Q4 25
$0.11
Q3 25
$0.07
$0.24
Q2 25
$0.26
Q1 25
$0.25
Q4 24
$0.23
Q3 24
$0.19
$0.21
Q2 24
$0.18

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AGRO
AGRO
AM
AM
Cash + ST InvestmentsLiquidity on hand
$340.0M
$180.4M
Total DebtLower is stronger
$3.2B
Stockholders' EquityBook value
$1.4B
$2.0B
Total Assets
$3.6B
$5.9B
Debt / EquityLower = less leverage
1.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGRO
AGRO
AM
AM
Q1 26
$180.4M
Q4 25
$180.4M
Q3 25
$340.0M
Q2 25
Q1 25
Q4 24
Q3 24
$198.3M
Q2 24
Total Debt
AGRO
AGRO
AM
AM
Q1 26
$3.2B
Q4 25
$3.2B
Q3 25
$3.0B
Q2 25
$3.0B
Q1 25
$3.1B
Q4 24
$3.1B
Q3 24
$3.2B
Q2 24
$3.2B
Stockholders' Equity
AGRO
AGRO
AM
AM
Q1 26
$2.0B
Q4 25
$2.0B
Q3 25
$1.4B
$2.1B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$2.1B
Q3 24
$1.4B
$2.1B
Q2 24
$2.1B
Total Assets
AGRO
AGRO
AM
AM
Q1 26
$5.9B
Q4 25
$5.9B
Q3 25
$3.6B
$5.7B
Q2 25
$5.7B
Q1 25
$5.8B
Q4 24
$5.8B
Q3 24
$5.8B
Q2 24
$5.8B
Debt / Equity
AGRO
AGRO
AM
AM
Q1 26
1.63×
Q4 25
1.63×
Q3 25
1.46×
Q2 25
1.45×
Q1 25
1.49×
Q4 24
1.47×
Q3 24
1.49×
Q2 24
1.50×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AGRO
AGRO
AM
AM
Operating Cash FlowLast quarter
$138.7M
$198.9M
Free Cash FlowOCF − Capex
$186.9M
FCF MarginFCF / Revenue
64.2%
Capex IntensityCapex / Revenue
11.1%
Cash ConversionOCF / Net Profit
21.58×
1.65×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AGRO
AGRO
AM
AM
Q1 26
$198.9M
Q4 25
$255.5M
Q3 25
$138.7M
$212.8M
Q2 25
$265.2M
Q1 25
$198.9M
Q4 24
$232.7M
Q3 24
$164.9M
$184.9M
Q2 24
$215.8M
Free Cash Flow
AGRO
AGRO
AM
AM
Q1 26
$186.9M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$184.3M
Q2 24
$147.2M
FCF Margin
AGRO
AGRO
AM
AM
Q1 26
64.2%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
68.3%
Q2 24
54.6%
Capex Intensity
AGRO
AGRO
AM
AM
Q1 26
11.1%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.2%
Q2 24
25.4%
Cash Conversion
AGRO
AGRO
AM
AM
Q1 26
1.65×
Q4 25
4.92×
Q3 25
21.58×
1.84×
Q2 25
2.13×
Q1 25
1.65×
Q4 24
2.09×
Q3 24
8.81×
1.85×
Q2 24
2.51×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AGRO
AGRO

Segment breakdown not available.

AM
AM

Gathering and compression–Antero Resources$238.0M82%
Other$52.3M18%
Water handling–third party$505.0K0%
Gathering and compression–third party$295.0K0%

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