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Side-by-side financial comparison of Adecoagro S.A. (AGRO) and Ultragenyx Pharmaceutical Inc. (RARE). Click either name above to swap in a different company.

Adecoagro S.A. is the larger business by last-quarter revenue ($304.2M vs $207.3M, roughly 1.5× Ultragenyx Pharmaceutical Inc.). Adecoagro S.A. runs the higher net margin — 2.1% vs -62.0%, a 64.1% gap on every dollar of revenue. On growth, Ultragenyx Pharmaceutical Inc. posted the faster year-over-year revenue change (25.9% 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.

Ultragenyx Pharmaceutical Inc. is an American biopharmaceutical company involved in the research and development of novel products for treatment of rare and ultra-rare genetic diseases for which there are typically no approved treatments and high unmet medical need. The company works with multiple drug modalities including biologics, small molecule, gene therapies, and ASO and mRNAs in the disease categories of bone, endocrine, metabolic, muscle and CNS diseases.

AGRO vs RARE — Head-to-Head

Bigger by revenue
AGRO
AGRO
1.5× larger
AGRO
$304.2M
$207.3M
RARE
Growing faster (revenue YoY)
RARE
RARE
+61.4% gap
RARE
25.9%
-35.5%
AGRO
Higher net margin
AGRO
AGRO
64.1% more per $
AGRO
2.1%
-62.0%
RARE

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
AGRO
AGRO
RARE
RARE
Revenue
$304.2M
$207.3M
Net Profit
$6.4M
$-128.6M
Gross Margin
35.1%
Operating Margin
18.7%
-54.7%
Net Margin
2.1%
-62.0%
Revenue YoY
-35.5%
25.9%
Net Profit YoY
-65.7%
3.5%
EPS (diluted)
$0.07
$-1.28

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
RARE
RARE
Q4 25
$207.3M
Q3 25
$304.2M
$159.9M
Q2 25
$166.5M
Q1 25
$139.3M
Q4 24
$164.6M
Q3 24
$471.5M
$139.5M
Q2 24
$147.0M
Q1 24
$108.8M
Net Profit
AGRO
AGRO
RARE
RARE
Q4 25
$-128.6M
Q3 25
$6.4M
$-180.4M
Q2 25
$-115.0M
Q1 25
$-151.1M
Q4 24
$-133.2M
Q3 24
$18.7M
$-133.5M
Q2 24
$-131.6M
Q1 24
$-170.7M
Gross Margin
AGRO
AGRO
RARE
RARE
Q4 25
Q3 25
35.1%
Q2 25
Q1 25
Q4 24
Q3 24
25.1%
Q2 24
Q1 24
Operating Margin
AGRO
AGRO
RARE
RARE
Q4 25
-54.7%
Q3 25
18.7%
-106.9%
Q2 25
-64.8%
Q1 25
-102.6%
Q4 24
-74.3%
Q3 24
6.3%
-94.6%
Q2 24
-79.1%
Q1 24
-151.9%
Net Margin
AGRO
AGRO
RARE
RARE
Q4 25
-62.0%
Q3 25
2.1%
-112.8%
Q2 25
-69.0%
Q1 25
-108.5%
Q4 24
-80.9%
Q3 24
4.0%
-95.7%
Q2 24
-89.5%
Q1 24
-156.8%
EPS (diluted)
AGRO
AGRO
RARE
RARE
Q4 25
$-1.28
Q3 25
$0.07
$-1.81
Q2 25
$-1.17
Q1 25
$-1.57
Q4 24
$-1.34
Q3 24
$0.19
$-1.40
Q2 24
$-1.52
Q1 24
$-2.03

Balance Sheet & Financial Strength

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

Metric
AGRO
AGRO
RARE
RARE
Cash + ST InvestmentsLiquidity on hand
$340.0M
$421.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$-80.0M
Total Assets
$3.6B
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGRO
AGRO
RARE
RARE
Q4 25
$421.0M
Q3 25
$340.0M
$202.5M
Q2 25
$176.3M
Q1 25
$127.1M
Q4 24
$174.0M
Q3 24
$198.3M
$150.6M
Q2 24
$480.7M
Q1 24
$112.3M
Stockholders' Equity
AGRO
AGRO
RARE
RARE
Q4 25
$-80.0M
Q3 25
$1.4B
$9.2M
Q2 25
$151.3M
Q1 25
$144.2M
Q4 24
$255.0M
Q3 24
$1.4B
$346.8M
Q2 24
$432.4M
Q1 24
$140.3M
Total Assets
AGRO
AGRO
RARE
RARE
Q4 25
$1.5B
Q3 25
$3.6B
$1.2B
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$1.6B
Q1 24
$1.3B

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
RARE
RARE
Operating Cash FlowLast quarter
$138.7M
$-99.8M
Free Cash FlowOCF − Capex
$-100.8M
FCF MarginFCF / Revenue
-48.6%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
21.58×
TTM Free Cash FlowTrailing 4 quarters
$-472.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AGRO
AGRO
RARE
RARE
Q4 25
$-99.8M
Q3 25
$138.7M
$-91.4M
Q2 25
$-108.3M
Q1 25
$-166.5M
Q4 24
$-79.3M
Q3 24
$164.9M
$-67.0M
Q2 24
$-77.0M
Q1 24
$-190.7M
Free Cash Flow
AGRO
AGRO
RARE
RARE
Q4 25
$-100.8M
Q3 25
$-92.7M
Q2 25
$-110.7M
Q1 25
$-167.8M
Q4 24
$-79.5M
Q3 24
$-68.6M
Q2 24
$-79.0M
Q1 24
$-193.9M
FCF Margin
AGRO
AGRO
RARE
RARE
Q4 25
-48.6%
Q3 25
-58.0%
Q2 25
-66.5%
Q1 25
-120.5%
Q4 24
-48.3%
Q3 24
-49.2%
Q2 24
-53.7%
Q1 24
-178.2%
Capex Intensity
AGRO
AGRO
RARE
RARE
Q4 25
0.5%
Q3 25
0.8%
Q2 25
1.5%
Q1 25
1.0%
Q4 24
0.1%
Q3 24
1.2%
Q2 24
1.4%
Q1 24
3.0%
Cash Conversion
AGRO
AGRO
RARE
RARE
Q4 25
Q3 25
21.58×
Q2 25
Q1 25
Q4 24
Q3 24
8.81×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AGRO
AGRO

Segment breakdown not available.

RARE
RARE

Royalty$105.6M51%
Products$101.7M49%

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