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Side-by-side financial comparison of Adecoagro S.A. (AGRO) and COMMERCE BANCSHARES INC (CBSH). Click either name above to swap in a different company.

COMMERCE BANCSHARES INC is the larger business by last-quarter revenue ($475.7M vs $304.2M, roughly 1.6× Adecoagro S.A.). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 2.1%, a 27.7% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% 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.

Commerce Bancshares, Inc. is a regional bank holding company headquartered in Missouri, with principal offices in Kansas City and St. Louis. It is the corporate parent of Commerce Bank, which offers a diversified line of financial services, including business and personal banking, wealth management and investments through its affiliated companies.

AGRO vs CBSH — Head-to-Head

Bigger by revenue
CBSH
CBSH
1.6× larger
CBSH
$475.7M
$304.2M
AGRO
Growing faster (revenue YoY)
CBSH
CBSH
+46.6% gap
CBSH
11.1%
-35.5%
AGRO
Higher net margin
CBSH
CBSH
27.7% more per $
CBSH
29.8%
2.1%
AGRO

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
AGRO
AGRO
CBSH
CBSH
Revenue
$304.2M
$475.7M
Net Profit
$6.4M
$141.6M
Gross Margin
35.1%
Operating Margin
18.7%
Net Margin
2.1%
29.8%
Revenue YoY
-35.5%
11.1%
Net Profit YoY
-65.7%
10.5%
EPS (diluted)
$0.07
$0.96

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
CBSH
CBSH
Q1 26
$475.7M
Q4 25
$449.4M
Q3 25
$304.2M
$441.0M
Q2 25
$445.8M
Q1 25
$428.1M
Q4 24
$422.1M
Q3 24
$471.5M
$421.4M
Q2 24
$414.5M
Net Profit
AGRO
AGRO
CBSH
CBSH
Q1 26
$141.6M
Q4 25
$140.7M
Q3 25
$6.4M
$141.5M
Q2 25
$152.5M
Q1 25
$131.6M
Q4 24
$136.1M
Q3 24
$18.7M
$138.0M
Q2 24
$139.6M
Gross Margin
AGRO
AGRO
CBSH
CBSH
Q1 26
Q4 25
Q3 25
35.1%
Q2 25
Q1 25
Q4 24
Q3 24
25.1%
Q2 24
Operating Margin
AGRO
AGRO
CBSH
CBSH
Q1 26
Q4 25
40.8%
Q3 25
18.7%
41.9%
Q2 25
44.0%
Q1 25
39.2%
Q4 24
41.2%
Q3 24
6.3%
42.4%
Q2 24
43.4%
Net Margin
AGRO
AGRO
CBSH
CBSH
Q1 26
29.8%
Q4 25
31.3%
Q3 25
2.1%
32.1%
Q2 25
34.2%
Q1 25
30.7%
Q4 24
32.2%
Q3 24
4.0%
32.8%
Q2 24
33.7%
EPS (diluted)
AGRO
AGRO
CBSH
CBSH
Q1 26
$0.96
Q4 25
$0.86
Q3 25
$0.07
$1.06
Q2 25
$1.14
Q1 25
$0.98
Q4 24
$0.83
Q3 24
$0.19
$1.01
Q2 24
$1.03

Balance Sheet & Financial Strength

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

Metric
AGRO
AGRO
CBSH
CBSH
Cash + ST InvestmentsLiquidity on hand
$340.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$4.3B
Total Assets
$3.6B
$35.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGRO
AGRO
CBSH
CBSH
Q1 26
Q4 25
Q3 25
$340.0M
Q2 25
Q1 25
Q4 24
Q3 24
$198.3M
Q2 24
Stockholders' Equity
AGRO
AGRO
CBSH
CBSH
Q1 26
$4.3B
Q4 25
$3.8B
Q3 25
$1.4B
$3.8B
Q2 25
$3.6B
Q1 25
$3.5B
Q4 24
$3.3B
Q3 24
$1.4B
$3.4B
Q2 24
$3.1B
Total Assets
AGRO
AGRO
CBSH
CBSH
Q1 26
$35.7B
Q4 25
$32.9B
Q3 25
$3.6B
$32.3B
Q2 25
$32.3B
Q1 25
$32.4B
Q4 24
$32.0B
Q3 24
$31.5B
Q2 24
$30.6B

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
CBSH
CBSH
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.

Operating Cash Flow
AGRO
AGRO
CBSH
CBSH
Q1 26
Q4 25
$645.1M
Q3 25
$138.7M
$129.0M
Q2 25
$111.2M
Q1 25
$138.6M
Q4 24
$577.9M
Q3 24
$164.9M
$431.7M
Q2 24
$147.4M
Free Cash Flow
AGRO
AGRO
CBSH
CBSH
Q1 26
Q4 25
$592.4M
Q3 25
$113.3M
Q2 25
$100.5M
Q1 25
$126.0M
Q4 24
$531.7M
Q3 24
$419.1M
Q2 24
$138.9M
FCF Margin
AGRO
AGRO
CBSH
CBSH
Q1 26
Q4 25
131.8%
Q3 25
25.7%
Q2 25
22.5%
Q1 25
29.4%
Q4 24
126.0%
Q3 24
99.5%
Q2 24
33.5%
Capex Intensity
AGRO
AGRO
CBSH
CBSH
Q1 26
Q4 25
11.7%
Q3 25
3.6%
Q2 25
2.4%
Q1 25
2.9%
Q4 24
10.9%
Q3 24
3.0%
Q2 24
2.1%
Cash Conversion
AGRO
AGRO
CBSH
CBSH
Q1 26
Q4 25
4.59×
Q3 25
21.58×
0.91×
Q2 25
0.73×
Q1 25
1.05×
Q4 24
4.25×
Q3 24
8.81×
3.13×
Q2 24
1.06×

Financial Flow Comparison

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

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