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Side-by-side financial comparison of Adecoagro S.A. (AGRO) and Madison Square Garden Entertainment Corp. (MSGE). Click either name above to swap in a different company.

Madison Square Garden Entertainment Corp. is the larger business by last-quarter revenue ($424.8M vs $304.2M, roughly 1.4× Adecoagro S.A.). Madison Square Garden Entertainment Corp. runs the higher net margin — 21.8% vs 2.1%, a 19.7% gap on every dollar of revenue. On growth, Madison Square Garden Entertainment Corp. posted the faster year-over-year revenue change (12.5% 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.

AGRO vs MSGE — Head-to-Head

Bigger by revenue
MSGE
MSGE
1.4× larger
MSGE
$424.8M
$304.2M
AGRO
Growing faster (revenue YoY)
MSGE
MSGE
+48.0% gap
MSGE
12.5%
-35.5%
AGRO
Higher net margin
MSGE
MSGE
19.7% more per $
MSGE
21.8%
2.1%
AGRO

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
AGRO
AGRO
MSGE
MSGE
Revenue
$304.2M
$424.8M
Net Profit
$6.4M
$92.7M
Gross Margin
35.1%
Operating Margin
18.7%
38.6%
Net Margin
2.1%
21.8%
Revenue YoY
-35.5%
12.5%
Net Profit YoY
-65.7%
22.2%
EPS (diluted)
$0.07
$1.94

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
MSGE
MSGE
Q4 25
$424.8M
Q3 25
$304.2M
$154.1M
Q2 25
$145.1M
Q1 25
$206.0M
Q4 24
$377.6M
Q3 24
$471.5M
$134.1M
Q2 24
$177.6M
Q1 24
$191.6M
Net Profit
AGRO
AGRO
MSGE
MSGE
Q4 25
$92.7M
Q3 25
$6.4M
$-21.7M
Q2 25
$-27.2M
Q1 25
$8.0M
Q4 24
$75.9M
Q3 24
$18.7M
$-19.3M
Q2 24
$66.9M
Q1 24
$2.8M
Gross Margin
AGRO
AGRO
MSGE
MSGE
Q4 25
Q3 25
35.1%
Q2 25
Q1 25
Q4 24
Q3 24
25.1%
Q2 24
Q1 24
Operating Margin
AGRO
AGRO
MSGE
MSGE
Q4 25
38.6%
Q3 25
18.7%
-19.3%
Q2 25
-17.7%
Q1 25
13.3%
Q4 24
36.8%
Q3 24
6.3%
-13.8%
Q2 24
-5.0%
Q1 24
8.8%
Net Margin
AGRO
AGRO
MSGE
MSGE
Q4 25
21.8%
Q3 25
2.1%
-14.0%
Q2 25
-18.7%
Q1 25
3.9%
Q4 24
20.1%
Q3 24
4.0%
-14.4%
Q2 24
37.7%
Q1 24
1.5%
EPS (diluted)
AGRO
AGRO
MSGE
MSGE
Q4 25
$1.94
Q3 25
$0.07
$-0.46
Q2 25
$-0.56
Q1 25
$0.17
Q4 24
$1.56
Q3 24
$0.19
$-0.40
Q2 24
$1.32
Q1 24
$0.06

Balance Sheet & Financial Strength

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

Metric
AGRO
AGRO
MSGE
MSGE
Cash + ST InvestmentsLiquidity on hand
$340.0M
$157.1M
Total DebtLower is stronger
$554.6M
Stockholders' EquityBook value
$1.4B
$36.0M
Total Assets
$3.6B
$1.8B
Debt / EquityLower = less leverage
15.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGRO
AGRO
MSGE
MSGE
Q4 25
$157.1M
Q3 25
$340.0M
$29.9M
Q2 25
$43.0M
Q1 25
$89.0M
Q4 24
$54.9M
Q3 24
$198.3M
$37.3M
Q2 24
$33.3M
Q1 24
$28.0M
Total Debt
AGRO
AGRO
MSGE
MSGE
Q4 25
$554.6M
Q3 25
$581.7M
Q2 25
$568.8M
Q1 25
$577.4M
Q4 24
$584.7M
Q3 24
$647.0M
Q2 24
$599.2M
Q1 24
$602.5M
Stockholders' Equity
AGRO
AGRO
MSGE
MSGE
Q4 25
$36.0M
Q3 25
$1.4B
$-65.8M
Q2 25
$-13.3M
Q1 25
$9.5M
Q4 24
$10.3M
Q3 24
$1.4B
$-48.7M
Q2 24
$-23.2M
Q1 24
$-94.6M
Total Assets
AGRO
AGRO
MSGE
MSGE
Q4 25
$1.8B
Q3 25
$3.6B
$1.7B
Q2 25
$1.7B
Q1 25
$1.7B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.6B
Q1 24
$1.5B
Debt / Equity
AGRO
AGRO
MSGE
MSGE
Q4 25
15.40×
Q3 25
Q2 25
Q1 25
60.61×
Q4 24
56.61×
Q3 24
Q2 24
Q1 24

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
MSGE
MSGE
Operating Cash FlowLast quarter
$138.7M
$164.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
21.58×
1.77×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AGRO
AGRO
MSGE
MSGE
Q4 25
$164.4M
Q3 25
$138.7M
$19.8M
Q2 25
$-27.0M
Q1 25
$56.8M
Q4 24
$112.9M
Q3 24
$164.9M
$-27.4M
Q2 24
$212.0K
Q1 24
$5.8M
Cash Conversion
AGRO
AGRO
MSGE
MSGE
Q4 25
1.77×
Q3 25
21.58×
Q2 25
Q1 25
7.07×
Q4 24
1.49×
Q3 24
8.81×
Q2 24
0.00×
Q1 24
2.08×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AGRO
AGRO

Segment breakdown not available.

MSGE
MSGE

Ticketing And Venue License Fee Revenues$263.5M62%
Food Beverage And Merchandise Revenues$64.3M15%
Related Party$43.9M10%
Arena Licensing Fees And Other Leasing Revenue$35.2M8%
Other$15.9M4%

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