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

RLI CORP is the larger business by last-quarter revenue ($465.7M vs $304.2M, roughly 1.5× Adecoagro S.A.). RLI CORP runs the higher net margin — 19.6% vs 2.1%, a 17.5% gap on every dollar of revenue. On growth, RLI CORP posted the faster year-over-year revenue change (6.1% 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.

RLI Corp. is an American insurance company specializing in property insurance and casualty insurance. It is headquartered in Peoria, Illinois.

AGRO vs RLI — Head-to-Head

Bigger by revenue
RLI
RLI
1.5× larger
RLI
$465.7M
$304.2M
AGRO
Growing faster (revenue YoY)
RLI
RLI
+41.5% gap
RLI
6.1%
-35.5%
AGRO
Higher net margin
RLI
RLI
17.5% more per $
RLI
19.6%
2.1%
AGRO

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
AGRO
AGRO
RLI
RLI
Revenue
$304.2M
$465.7M
Net Profit
$6.4M
$91.2M
Gross Margin
35.1%
Operating Margin
18.7%
24.4%
Net Margin
2.1%
19.6%
Revenue YoY
-35.5%
6.1%
Net Profit YoY
-65.7%
123.1%
EPS (diluted)
$0.07
$1.00

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
RLI
RLI
Q4 25
$465.7M
Q3 25
$304.2M
$509.3M
Q2 25
$499.8M
Q1 25
$407.7M
Q4 24
$439.1M
Q3 24
$471.5M
$470.0M
Q2 24
$416.4M
Q1 24
$444.8M
Net Profit
AGRO
AGRO
RLI
RLI
Q4 25
$91.2M
Q3 25
$6.4M
$124.6M
Q2 25
$124.3M
Q1 25
$63.2M
Q4 24
$40.9M
Q3 24
$18.7M
$95.0M
Q2 24
$82.0M
Q1 24
$127.9M
Gross Margin
AGRO
AGRO
RLI
RLI
Q4 25
Q3 25
35.1%
Q2 25
Q1 25
Q4 24
Q3 24
25.1%
Q2 24
Q1 24
Operating Margin
AGRO
AGRO
RLI
RLI
Q4 25
24.4%
Q3 25
18.7%
30.9%
Q2 25
31.3%
Q1 25
19.3%
Q4 24
10.8%
Q3 24
6.3%
24.9%
Q2 24
24.8%
Q1 24
36.0%
Net Margin
AGRO
AGRO
RLI
RLI
Q4 25
19.6%
Q3 25
2.1%
24.5%
Q2 25
24.9%
Q1 25
15.5%
Q4 24
9.3%
Q3 24
4.0%
20.2%
Q2 24
19.7%
Q1 24
28.8%
EPS (diluted)
AGRO
AGRO
RLI
RLI
Q4 25
$1.00
Q3 25
$0.07
$1.35
Q2 25
$1.34
Q1 25
$0.68
Q4 24
$-2.87
Q3 24
$0.19
$2.06
Q2 24
$1.78
Q1 24
$2.77

Balance Sheet & Financial Strength

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

Metric
AGRO
AGRO
RLI
RLI
Cash + ST InvestmentsLiquidity on hand
$340.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$1.8B
Total Assets
$3.6B
$6.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGRO
AGRO
RLI
RLI
Q4 25
Q3 25
$340.0M
Q2 25
Q1 25
Q4 24
Q3 24
$198.3M
Q2 24
Q1 24
Total Debt
AGRO
AGRO
RLI
RLI
Q4 25
Q3 25
$100.0M
Q2 25
$100.0M
Q1 25
$100.0M
Q4 24
$100.0M
Q3 24
$100.0M
Q2 24
$100.0M
Q1 24
$100.0M
Stockholders' Equity
AGRO
AGRO
RLI
RLI
Q4 25
$1.8B
Q3 25
$1.4B
$1.9B
Q2 25
$1.7B
Q1 25
$1.6B
Q4 24
$1.5B
Q3 24
$1.4B
$1.7B
Q2 24
$1.6B
Q1 24
$1.5B
Total Assets
AGRO
AGRO
RLI
RLI
Q4 25
$6.2B
Q3 25
$3.6B
$6.2B
Q2 25
$6.0B
Q1 25
$5.7B
Q4 24
$5.6B
Q3 24
$5.8B
Q2 24
$5.5B
Q1 24
$5.3B
Debt / Equity
AGRO
AGRO
RLI
RLI
Q4 25
Q3 25
0.05×
Q2 25
0.06×
Q1 25
0.06×
Q4 24
0.07×
Q3 24
0.06×
Q2 24
0.06×
Q1 24
0.07×

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
RLI
RLI
Operating Cash FlowLast quarter
$138.7M
$156.8M
Free Cash FlowOCF − Capex
$155.0M
FCF MarginFCF / Revenue
33.3%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
21.58×
1.72×
TTM Free Cash FlowTrailing 4 quarters
$608.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AGRO
AGRO
RLI
RLI
Q4 25
$156.8M
Q3 25
$138.7M
$179.2M
Q2 25
$174.7M
Q1 25
$103.5M
Q4 24
$128.1M
Q3 24
$164.9M
$219.4M
Q2 24
$141.8M
Q1 24
$70.9M
Free Cash Flow
AGRO
AGRO
RLI
RLI
Q4 25
$155.0M
Q3 25
$177.8M
Q2 25
$173.4M
Q1 25
$102.5M
Q4 24
$127.6M
Q3 24
$219.0M
Q2 24
$139.1M
Q1 24
$69.9M
FCF Margin
AGRO
AGRO
RLI
RLI
Q4 25
33.3%
Q3 25
34.9%
Q2 25
34.7%
Q1 25
25.1%
Q4 24
29.0%
Q3 24
46.6%
Q2 24
33.4%
Q1 24
15.7%
Capex Intensity
AGRO
AGRO
RLI
RLI
Q4 25
0.4%
Q3 25
0.3%
Q2 25
0.3%
Q1 25
0.3%
Q4 24
0.1%
Q3 24
0.1%
Q2 24
0.7%
Q1 24
0.2%
Cash Conversion
AGRO
AGRO
RLI
RLI
Q4 25
1.72×
Q3 25
21.58×
1.44×
Q2 25
1.41×
Q1 25
1.64×
Q4 24
3.13×
Q3 24
8.81×
2.31×
Q2 24
1.73×
Q1 24
0.55×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AGRO
AGRO

Segment breakdown not available.

RLI
RLI

Casualty Segment$246.8M53%
Property Insurance Segment$122.5M26%
Other$59.3M13%
Surety Insurance Segment$37.1M8%

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