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Side-by-side financial comparison of Adecoagro S.A. (AGRO) and FORUM ENERGY TECHNOLOGIES, INC. (FET). Click either name above to swap in a different company.

Adecoagro S.A. is the larger business by last-quarter revenue ($304.2M vs $208.7M, roughly 1.5× FORUM ENERGY TECHNOLOGIES, INC.). FORUM ENERGY TECHNOLOGIES, INC. runs the higher net margin — 2.2% vs 2.1%, a 0.0% gap on every dollar of revenue. On growth, FORUM ENERGY TECHNOLOGIES, INC. posted the faster year-over-year revenue change (3.2% 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.

Forum Energy Technologies is an American oilfield products company that provides products and services to the oil and gas, and renewable industries worldwide.

AGRO vs FET — Head-to-Head

Bigger by revenue
AGRO
AGRO
1.5× larger
AGRO
$304.2M
$208.7M
FET
Growing faster (revenue YoY)
FET
FET
+38.7% gap
FET
3.2%
-35.5%
AGRO
Higher net margin
FET
FET
0.0% more per $
FET
2.2%
2.1%
AGRO

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
AGRO
AGRO
FET
FET
Revenue
$304.2M
$208.7M
Net Profit
$6.4M
$4.5M
Gross Margin
35.1%
29.2%
Operating Margin
18.7%
5.3%
Net Margin
2.1%
2.2%
Revenue YoY
-35.5%
3.2%
Net Profit YoY
-65.7%
300.4%
EPS (diluted)
$0.07
$0.39

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
FET
FET
Q1 26
$208.7M
Q4 25
$202.2M
Q3 25
$304.2M
$196.2M
Q2 25
$199.8M
Q1 25
$193.3M
Q4 24
$201.0M
Q3 24
$471.5M
$207.8M
Q2 24
$205.2M
Net Profit
AGRO
AGRO
FET
FET
Q1 26
$4.5M
Q4 25
$2.1M
Q3 25
$6.4M
$-20.6M
Q2 25
$7.7M
Q1 25
$1.1M
Q4 24
$-103.5M
Q3 24
$18.7M
$-14.8M
Q2 24
$-6.7M
Gross Margin
AGRO
AGRO
FET
FET
Q1 26
29.2%
Q4 25
30.2%
Q3 25
35.1%
20.5%
Q2 25
29.7%
Q1 25
30.2%
Q4 24
31.1%
Q3 24
25.1%
31.6%
Q2 24
30.7%
Operating Margin
AGRO
AGRO
FET
FET
Q1 26
5.3%
Q4 25
6.3%
Q3 25
18.7%
-3.1%
Q2 25
7.4%
Q1 25
4.6%
Q4 24
-53.1%
Q3 24
6.3%
4.3%
Q2 24
3.9%
Net Margin
AGRO
AGRO
FET
FET
Q1 26
2.2%
Q4 25
1.0%
Q3 25
2.1%
-10.5%
Q2 25
3.9%
Q1 25
0.6%
Q4 24
-51.5%
Q3 24
4.0%
-7.1%
Q2 24
-3.3%
EPS (diluted)
AGRO
AGRO
FET
FET
Q1 26
$0.39
Q4 25
$0.25
Q3 25
$0.07
$-1.76
Q2 25
$0.61
Q1 25
$0.09
Q4 24
$-8.41
Q3 24
$0.19
$-1.20
Q2 24
$-0.54

Balance Sheet & Financial Strength

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

Metric
AGRO
AGRO
FET
FET
Cash + ST InvestmentsLiquidity on hand
$340.0M
$37.5M
Total DebtLower is stronger
$153.7M
Stockholders' EquityBook value
$1.4B
$280.7M
Total Assets
$3.6B
$763.1M
Debt / EquityLower = less leverage
0.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGRO
AGRO
FET
FET
Q1 26
$37.5M
Q4 25
$34.7M
Q3 25
$340.0M
$31.7M
Q2 25
$39.0M
Q1 25
$31.1M
Q4 24
$44.7M
Q3 24
$198.3M
$33.3M
Q2 24
$31.8M
Total Debt
AGRO
AGRO
FET
FET
Q1 26
$153.7M
Q4 25
$135.9M
Q3 25
$140.0M
Q2 25
$159.3M
Q1 25
$171.4M
Q4 24
$188.4M
Q3 24
$231.5M
Q2 24
$252.9M
Stockholders' Equity
AGRO
AGRO
FET
FET
Q1 26
$280.7M
Q4 25
$291.1M
Q3 25
$1.4B
$297.3M
Q2 25
$334.2M
Q1 25
$320.0M
Q4 24
$319.9M
Q3 24
$1.4B
$443.5M
Q2 24
$442.0M
Total Assets
AGRO
AGRO
FET
FET
Q1 26
$763.1M
Q4 25
$752.5M
Q3 25
$3.6B
$770.1M
Q2 25
$810.1M
Q1 25
$790.1M
Q4 24
$816.0M
Q3 24
$973.7M
Q2 24
$976.8M
Debt / Equity
AGRO
AGRO
FET
FET
Q1 26
0.55×
Q4 25
0.47×
Q3 25
0.47×
Q2 25
0.48×
Q1 25
0.54×
Q4 24
0.59×
Q3 24
0.52×
Q2 24
0.57×

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
FET
FET
Operating Cash FlowLast quarter
$138.7M
$1.6M
Free Cash FlowOCF − Capex
$1.4M
FCF MarginFCF / Revenue
0.7%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
21.58×
0.36×
TTM Free Cash FlowTrailing 4 quarters
$58.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AGRO
AGRO
FET
FET
Q1 26
$1.6M
Q4 25
$22.4M
Q3 25
$138.7M
$22.9M
Q2 25
$15.8M
Q1 25
$9.3M
Q4 24
$38.5M
Q3 24
$164.9M
$25.6M
Q2 24
$23.1M
Free Cash Flow
AGRO
AGRO
FET
FET
Q1 26
$1.4M
Q4 25
$20.9M
Q3 25
$21.5M
Q2 25
$14.8M
Q1 25
$7.2M
Q4 24
$36.1M
Q3 24
$24.3M
Q2 24
$21.6M
FCF Margin
AGRO
AGRO
FET
FET
Q1 26
0.7%
Q4 25
10.3%
Q3 25
10.9%
Q2 25
7.4%
Q1 25
3.7%
Q4 24
18.0%
Q3 24
11.7%
Q2 24
10.5%
Capex Intensity
AGRO
AGRO
FET
FET
Q1 26
0.1%
Q4 25
0.8%
Q3 25
0.7%
Q2 25
0.5%
Q1 25
1.1%
Q4 24
1.2%
Q3 24
0.6%
Q2 24
0.7%
Cash Conversion
AGRO
AGRO
FET
FET
Q1 26
0.36×
Q4 25
10.83×
Q3 25
21.58×
Q2 25
2.05×
Q1 25
8.31×
Q4 24
Q3 24
8.81×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AGRO
AGRO

Segment breakdown not available.

FET
FET

Drilling and Completions$126.7M61%
Downhole$50.6M24%
Production Equipment$18.8M9%
Valve Solutions$12.8M6%

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