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

TREX CO INC is the larger business by last-quarter revenue ($343.4M vs $304.2M, roughly 1.1× Adecoagro S.A.). TREX CO INC runs the higher net margin — 17.9% vs 2.1%, a 15.8% gap on every dollar of revenue. On growth, TREX CO INC posted the faster year-over-year revenue change (1.0% 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.

Trex Company, Inc. is a manufacturer of wood-alternative composite decking, residential railing, and other outdoor items made from recycled materials. Its headquarters is in Winchester, Virginia.

AGRO vs TREX — Head-to-Head

Bigger by revenue
TREX
TREX
1.1× larger
TREX
$343.4M
$304.2M
AGRO
Growing faster (revenue YoY)
TREX
TREX
+36.5% gap
TREX
1.0%
-35.5%
AGRO
Higher net margin
TREX
TREX
15.8% more per $
TREX
17.9%
2.1%
AGRO

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
AGRO
AGRO
TREX
TREX
Revenue
$304.2M
$343.4M
Net Profit
$6.4M
$61.4M
Gross Margin
35.1%
40.5%
Operating Margin
18.7%
24.3%
Net Margin
2.1%
17.9%
Revenue YoY
-35.5%
1.0%
Net Profit YoY
-65.7%
1.6%
EPS (diluted)
$0.07
$0.58

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
TREX
TREX
Q1 26
$343.4M
Q4 25
$161.1M
Q3 25
$304.2M
$285.3M
Q2 25
$387.8M
Q1 25
$340.0M
Q4 24
$167.6M
Q3 24
$471.5M
$233.7M
Q2 24
$376.5M
Net Profit
AGRO
AGRO
TREX
TREX
Q1 26
$61.4M
Q4 25
$2.3M
Q3 25
$6.4M
$51.8M
Q2 25
$75.9M
Q1 25
$60.4M
Q4 24
$9.8M
Q3 24
$18.7M
$40.6M
Q2 24
$87.0M
Gross Margin
AGRO
AGRO
TREX
TREX
Q1 26
40.5%
Q4 25
30.2%
Q3 25
35.1%
40.5%
Q2 25
40.8%
Q1 25
40.5%
Q4 24
32.7%
Q3 24
25.1%
39.9%
Q2 24
44.7%
Operating Margin
AGRO
AGRO
TREX
TREX
Q1 26
24.3%
Q4 25
2.2%
Q3 25
18.7%
24.7%
Q2 25
26.4%
Q1 25
24.0%
Q4 24
9.2%
Q3 24
6.3%
23.2%
Q2 24
31.1%
Net Margin
AGRO
AGRO
TREX
TREX
Q1 26
17.9%
Q4 25
1.4%
Q3 25
2.1%
18.1%
Q2 25
19.6%
Q1 25
17.8%
Q4 24
5.8%
Q3 24
4.0%
17.4%
Q2 24
23.1%
EPS (diluted)
AGRO
AGRO
TREX
TREX
Q1 26
$0.58
Q4 25
$0.03
Q3 25
$0.07
$0.48
Q2 25
$0.71
Q1 25
$0.56
Q4 24
$0.10
Q3 24
$0.19
$0.37
Q2 24
$0.80

Balance Sheet & Financial Strength

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

Metric
AGRO
AGRO
TREX
TREX
Cash + ST InvestmentsLiquidity on hand
$340.0M
$4.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$995.8M
Total Assets
$3.6B
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGRO
AGRO
TREX
TREX
Q1 26
$4.5M
Q4 25
$3.8M
Q3 25
$340.0M
$11.4M
Q2 25
$5.5M
Q1 25
$5.0M
Q4 24
$1.3M
Q3 24
$198.3M
$12.8M
Q2 24
$1.2M
Stockholders' Equity
AGRO
AGRO
TREX
TREX
Q1 26
$995.8M
Q4 25
$1.0B
Q3 25
$1.4B
$1.0B
Q2 25
$989.3M
Q1 25
$910.1M
Q4 24
$850.1M
Q3 24
$1.4B
$887.9M
Q2 24
$894.9M
Total Assets
AGRO
AGRO
TREX
TREX
Q1 26
$1.7B
Q4 25
$1.5B
Q3 25
$3.6B
$1.5B
Q2 25
$1.5B
Q1 25
$1.6B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 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
TREX
TREX
Operating Cash FlowLast quarter
$138.7M
$-118.4M
Free Cash FlowOCF − Capex
$-143.4M
FCF MarginFCF / Revenue
-41.8%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
21.58×
-1.93×
TTM Free Cash FlowTrailing 4 quarters
$224.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AGRO
AGRO
TREX
TREX
Q1 26
$-118.4M
Q4 25
$65.5M
Q3 25
$138.7M
$196.9M
Q2 25
$249.8M
Q1 25
$-154.0M
Q4 24
$-8.5M
Q3 24
$164.9M
$132.8M
Q2 24
$193.7M
Free Cash Flow
AGRO
AGRO
TREX
TREX
Q1 26
$-143.4M
Q4 25
$22.1M
Q3 25
$142.9M
Q2 25
$203.0M
Q1 25
$-233.5M
Q4 24
$-89.3M
Q3 24
$54.5M
Q2 24
$158.2M
FCF Margin
AGRO
AGRO
TREX
TREX
Q1 26
-41.8%
Q4 25
13.7%
Q3 25
50.1%
Q2 25
52.3%
Q1 25
-68.7%
Q4 24
-53.3%
Q3 24
23.3%
Q2 24
42.0%
Capex Intensity
AGRO
AGRO
TREX
TREX
Q1 26
Q4 25
26.9%
Q3 25
18.9%
Q2 25
12.1%
Q1 25
23.4%
Q4 24
48.2%
Q3 24
33.5%
Q2 24
9.4%
Cash Conversion
AGRO
AGRO
TREX
TREX
Q1 26
-1.93×
Q4 25
28.45×
Q3 25
21.58×
3.80×
Q2 25
3.29×
Q1 25
-2.55×
Q4 24
-0.87×
Q3 24
8.81×
3.27×
Q2 24
2.23×

Financial Flow Comparison

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

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