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Side-by-side financial comparison of Adecoagro S.A. (AGRO) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.

NATIONAL FUEL GAS CO is the larger business by last-quarter revenue ($425.9M vs $304.2M, roughly 1.4× Adecoagro S.A.). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 2.1%, a 33.6% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (1.7% 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.

National Fuel Gas Company is a diversified energy company with $6.2 billion in assets distributed among the following five operating segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. National Fuel Gas was incorporated in 1902 and is based in Williamsville, New York.

AGRO vs NFG — Head-to-Head

Bigger by revenue
NFG
NFG
1.4× larger
NFG
$425.9M
$304.2M
AGRO
Growing faster (revenue YoY)
NFG
NFG
+37.2% gap
NFG
1.7%
-35.5%
AGRO
Higher net margin
NFG
NFG
33.6% more per $
NFG
35.7%
2.1%
AGRO

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
AGRO
AGRO
NFG
NFG
Revenue
$304.2M
$425.9M
Net Profit
$6.4M
$152.0M
Gross Margin
35.1%
Operating Margin
18.7%
81.5%
Net Margin
2.1%
35.7%
Revenue YoY
-35.5%
1.7%
Net Profit YoY
-65.7%
EPS (diluted)
$0.07
$1.59

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
NFG
NFG
Q1 26
$425.9M
Q4 25
$637.9M
Q3 25
$304.2M
$443.1M
Q2 25
$527.4M
Q1 25
$734.8M
Q4 24
$513.8M
Q3 24
$471.5M
$310.0M
Q2 24
$338.6M
Net Profit
AGRO
AGRO
NFG
NFG
Q1 26
$152.0M
Q4 25
$181.6M
Q3 25
$6.4M
$107.3M
Q2 25
$149.8M
Q1 25
$216.4M
Q4 24
$45.0M
Q3 24
$18.7M
$-167.6M
Q2 24
$-54.2M
Gross Margin
AGRO
AGRO
NFG
NFG
Q1 26
Q4 25
86.6%
Q3 25
35.1%
Q2 25
94.7%
Q1 25
81.6%
Q4 24
87.3%
Q3 24
25.1%
Q2 24
98.5%
Operating Margin
AGRO
AGRO
NFG
NFG
Q1 26
81.5%
Q4 25
43.3%
Q3 25
18.7%
40.6%
Q2 25
43.7%
Q1 25
43.2%
Q4 24
16.8%
Q3 24
6.3%
-63.4%
Q2 24
-15.2%
Net Margin
AGRO
AGRO
NFG
NFG
Q1 26
35.7%
Q4 25
28.5%
Q3 25
2.1%
24.2%
Q2 25
28.4%
Q1 25
29.4%
Q4 24
8.8%
Q3 24
4.0%
-54.1%
Q2 24
-16.0%
EPS (diluted)
AGRO
AGRO
NFG
NFG
Q1 26
$1.59
Q4 25
$1.98
Q3 25
$0.07
$1.18
Q2 25
$1.64
Q1 25
$2.37
Q4 24
$0.49
Q3 24
$0.19
$-1.81
Q2 24
$-0.59

Balance Sheet & Financial Strength

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

Metric
AGRO
AGRO
NFG
NFG
Cash + ST InvestmentsLiquidity on hand
$340.0M
Total DebtLower is stronger
$300.0M
Stockholders' EquityBook value
$1.4B
Total Assets
$3.6B
$9.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGRO
AGRO
NFG
NFG
Q1 26
Q4 25
$271.4M
Q3 25
$340.0M
$43.2M
Q2 25
$39.3M
Q1 25
$40.0M
Q4 24
$48.7M
Q3 24
$198.3M
$38.2M
Q2 24
$81.4M
Total Debt
AGRO
AGRO
NFG
NFG
Q1 26
$300.0M
Q4 25
$2.7B
Q3 25
$2.7B
Q2 25
$2.7B
Q1 25
$2.7B
Q4 24
$2.7B
Q3 24
$2.7B
Q2 24
$2.7B
Stockholders' Equity
AGRO
AGRO
NFG
NFG
Q1 26
Q4 25
$3.6B
Q3 25
$1.4B
$3.1B
Q2 25
$3.0B
Q1 25
$2.8B
Q4 24
$-76.2M
Q3 24
$1.4B
$-15.5M
Q2 24
$5.0M
Total Assets
AGRO
AGRO
NFG
NFG
Q1 26
$9.1B
Q4 25
$9.2B
Q3 25
$3.6B
$8.7B
Q2 25
$8.4B
Q1 25
$8.5B
Q4 24
$8.3B
Q3 24
$8.3B
Q2 24
$8.5B
Debt / Equity
AGRO
AGRO
NFG
NFG
Q1 26
Q4 25
0.75×
Q3 25
0.87×
Q2 25
0.90×
Q1 25
0.99×
Q4 24
Q3 24
Q2 24
532.10×

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
NFG
NFG
Operating Cash FlowLast quarter
$138.7M
$657.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
117.0%
Cash ConversionOCF / Net Profit
21.58×
4.32×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AGRO
AGRO
NFG
NFG
Q1 26
$657.3M
Q4 25
$274.9M
Q3 25
$138.7M
$237.8M
Q2 25
$388.4M
Q1 25
$253.8M
Q4 24
$220.1M
Q3 24
$164.9M
$197.9M
Q2 24
$281.8M
Free Cash Flow
AGRO
AGRO
NFG
NFG
Q1 26
Q4 25
$-2.7M
Q3 25
$-47.8M
Q2 25
$195.3M
Q1 25
$59.9M
Q4 24
$-20.3M
Q3 24
$-49.1M
Q2 24
$79.5M
FCF Margin
AGRO
AGRO
NFG
NFG
Q1 26
Q4 25
-0.4%
Q3 25
-10.8%
Q2 25
37.0%
Q1 25
8.2%
Q4 24
-4.0%
Q3 24
-15.8%
Q2 24
23.5%
Capex Intensity
AGRO
AGRO
NFG
NFG
Q1 26
117.0%
Q4 25
43.5%
Q3 25
64.4%
Q2 25
36.6%
Q1 25
26.4%
Q4 24
46.8%
Q3 24
79.7%
Q2 24
59.7%
Cash Conversion
AGRO
AGRO
NFG
NFG
Q1 26
4.32×
Q4 25
1.51×
Q3 25
21.58×
2.21×
Q2 25
2.59×
Q1 25
1.17×
Q4 24
4.89×
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.

NFG
NFG

Revenues from External Customers$425.8M100%
Intersegment Revenues$126.0K0%

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