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Side-by-side financial comparison of Adecoagro S.A. (AGRO) and BLACK HILLS CORP (BKH). Click either name above to swap in a different company.
Adecoagro S.A. is the larger business by last-quarter revenue ($304.2M vs $241.6M, roughly 1.3× BLACK HILLS CORP). BLACK HILLS CORP runs the higher net margin — 55.1% vs 2.1%, a 53.0% gap on every dollar of revenue. On growth, BLACK HILLS CORP posted the faster year-over-year revenue change (-3.0% vs -35.5%).
Adecoagro S.A.AGROEarnings & Financial Report
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.
Black Hills Corporation is an American diversified energy company that is an electric and gas utility in South Dakota, Montana, Wyoming, Colorado, Arkansas, Kansas, Nebraska, and Iowa. The company sells power throughout the American West. The company is based in Rapid City, South Dakota. It derives its name from its home in the Black Hills of South Dakota.
AGRO vs BKH — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $304.2M | $241.6M |
| Net Profit | $6.4M | $133.1M |
| Gross Margin | 35.1% | — |
| Operating Margin | 18.7% | 83.6% |
| Net Margin | 2.1% | 55.1% |
| Revenue YoY | -35.5% | -3.0% |
| Net Profit YoY | -65.7% | -2.4% |
| EPS (diluted) | $0.07 | $1.73 |
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.
| Q1 26 | — | $241.6M | ||
| Q4 25 | — | $622.7M | ||
| Q3 25 | $304.2M | $427.4M | ||
| Q2 25 | — | $435.7M | ||
| Q1 25 | — | $800.4M | ||
| Q4 24 | — | $585.1M | ||
| Q3 24 | $471.5M | $398.6M | ||
| Q2 24 | — | $397.1M |
| Q1 26 | — | $133.1M | ||
| Q4 25 | — | $104.9M | ||
| Q3 25 | $6.4M | $24.9M | ||
| Q2 25 | — | $27.5M | ||
| Q1 25 | — | $134.3M | ||
| Q4 24 | — | $98.0M | ||
| Q3 24 | $18.7M | $24.4M | ||
| Q2 24 | — | $22.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 35.1% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 25.1% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 83.6% | ||
| Q4 25 | — | 27.5% | ||
| Q3 25 | 18.7% | 18.4% | ||
| Q2 25 | — | 18.9% | ||
| Q1 25 | — | 25.6% | ||
| Q4 24 | — | 27.9% | ||
| Q3 24 | 6.3% | 19.0% | ||
| Q2 24 | — | 17.8% |
| Q1 26 | — | 55.1% | ||
| Q4 25 | — | 16.8% | ||
| Q3 25 | 2.1% | 5.8% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | 16.8% | ||
| Q4 24 | — | 16.7% | ||
| Q3 24 | 4.0% | 6.1% | ||
| Q2 24 | — | 5.7% |
| Q1 26 | — | $1.73 | ||
| Q4 25 | — | $1.39 | ||
| Q3 25 | $0.07 | $0.34 | ||
| Q2 25 | — | $0.38 | ||
| Q1 25 | — | $1.87 | ||
| Q4 24 | — | $1.36 | ||
| Q3 24 | $0.19 | $0.35 | ||
| Q2 24 | — | $0.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $340.0M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | — |
| Total Assets | $3.6B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $182.8M | ||
| Q3 25 | $340.0M | $21.1M | ||
| Q2 25 | — | $8.1M | ||
| Q1 25 | — | $6.6M | ||
| Q4 24 | — | $16.1M | ||
| Q3 24 | $198.3M | $12.5M | ||
| Q2 24 | — | $624.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $3.8B | ||
| Q3 25 | $1.4B | $3.8B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.5B | ||
| Q3 24 | $1.4B | $3.4B | ||
| Q2 24 | — | $3.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | $10.9B | ||
| Q3 25 | $3.6B | $10.3B | ||
| Q2 25 | — | $10.1B | ||
| Q1 25 | — | $10.1B | ||
| Q4 24 | — | $10.0B | ||
| Q3 24 | — | $9.7B | ||
| Q2 24 | — | $10.2B |
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 | $138.7M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 21.58× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $168.1M | ||
| Q3 25 | $138.7M | $88.9M | ||
| Q2 25 | — | $188.6M | ||
| Q1 25 | — | $227.8M | ||
| Q4 24 | — | $153.2M | ||
| Q3 24 | $164.9M | $102.1M | ||
| Q2 24 | — | $230.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-101.5M | ||
| Q3 25 | — | $-89.5M | ||
| Q2 25 | — | $-30.3M | ||
| Q1 25 | — | $74.9M | ||
| Q4 24 | — | $-60.5M | ||
| Q3 24 | — | $-86.0M | ||
| Q2 24 | — | $64.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | -16.3% | ||
| Q3 25 | — | -20.9% | ||
| Q2 25 | — | -7.0% | ||
| Q1 25 | — | 9.4% | ||
| Q4 24 | — | -10.3% | ||
| Q3 24 | — | -21.6% | ||
| Q2 24 | — | 16.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 43.3% | ||
| Q3 25 | — | 41.7% | ||
| Q2 25 | — | 50.2% | ||
| Q1 25 | — | 19.1% | ||
| Q4 24 | — | 36.5% | ||
| Q3 24 | — | 47.2% | ||
| Q2 24 | — | 41.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.60× | ||
| Q3 25 | 21.58× | 3.57× | ||
| Q2 25 | — | 6.86× | ||
| Q1 25 | — | 1.70× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | 8.81× | 4.18× | ||
| Q2 24 | — | 10.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
