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

Adecoagro S.A. is the larger business by last-quarter revenue ($304.2M vs $194.0M, roughly 1.6× Udemy, Inc.). Adecoagro S.A. runs the higher net margin — 2.1% vs -1.2%, a 3.3% gap on every dollar of revenue. On growth, Udemy, Inc. posted the faster year-over-year revenue change (-3.0% 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.

Udemy is a US-based education technology company. Founded as a massive open online course (MOOC) provider in 2010 by Eren Bali, Gagan Biyani, and Oktay Caglar; the company is based in San Francisco, California, with offices in the United States, Australia, India, Ireland, Mexico and Turkey. Its education platform allows both the creation and sharing of online courses. By early 2025, Udemy claimed to have millions of individual users. Courses are typically video-based and on-demand.

AGRO vs UDMY — Head-to-Head

Bigger by revenue
AGRO
AGRO
1.6× larger
AGRO
$304.2M
$194.0M
UDMY
Growing faster (revenue YoY)
UDMY
UDMY
+32.5% gap
UDMY
-3.0%
-35.5%
AGRO
Higher net margin
AGRO
AGRO
3.3% more per $
AGRO
2.1%
-1.2%
UDMY

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
AGRO
AGRO
UDMY
UDMY
Revenue
$304.2M
$194.0M
Net Profit
$6.4M
$-2.3M
Gross Margin
35.1%
66.0%
Operating Margin
18.7%
-1.8%
Net Margin
2.1%
-1.2%
Revenue YoY
-35.5%
-3.0%
Net Profit YoY
-65.7%
76.4%
EPS (diluted)
$0.07
$-0.01

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
UDMY
UDMY
Q4 25
$194.0M
Q3 25
$304.2M
$195.7M
Q2 25
$199.9M
Q1 25
$200.3M
Q4 24
$199.9M
Q3 24
$471.5M
$195.4M
Q2 24
$194.4M
Q1 24
$196.8M
Net Profit
AGRO
AGRO
UDMY
UDMY
Q4 25
$-2.3M
Q3 25
$6.4M
$1.6M
Q2 25
$6.3M
Q1 25
$-1.8M
Q4 24
$-9.9M
Q3 24
$18.7M
$-25.3M
Q2 24
$-31.8M
Q1 24
$-18.3M
Gross Margin
AGRO
AGRO
UDMY
UDMY
Q4 25
66.0%
Q3 25
35.1%
65.9%
Q2 25
66.1%
Q1 25
64.6%
Q4 24
63.6%
Q3 24
25.1%
63.0%
Q2 24
62.3%
Q1 24
61.2%
Operating Margin
AGRO
AGRO
UDMY
UDMY
Q4 25
-1.8%
Q3 25
18.7%
-0.1%
Q2 25
2.0%
Q1 25
-2.2%
Q4 24
-5.8%
Q3 24
6.3%
-15.1%
Q2 24
-13.1%
Q1 24
-11.5%
Net Margin
AGRO
AGRO
UDMY
UDMY
Q4 25
-1.2%
Q3 25
2.1%
0.8%
Q2 25
3.1%
Q1 25
-0.9%
Q4 24
-4.9%
Q3 24
4.0%
-12.9%
Q2 24
-16.4%
Q1 24
-9.3%
EPS (diluted)
AGRO
AGRO
UDMY
UDMY
Q4 25
$-0.01
Q3 25
$0.07
$0.01
Q2 25
$0.04
Q1 25
$-0.01
Q4 24
$-0.06
Q3 24
$0.19
$-0.17
Q2 24
$-0.21
Q1 24
$-0.12

Balance Sheet & Financial Strength

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

Metric
AGRO
AGRO
UDMY
UDMY
Cash + ST InvestmentsLiquidity on hand
$340.0M
$358.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$210.5M
Total Assets
$3.6B
$617.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGRO
AGRO
UDMY
UDMY
Q4 25
$358.7M
Q3 25
$340.0M
$371.2M
Q2 25
$392.0M
Q1 25
$357.0M
Q4 24
$354.4M
Q3 24
$198.3M
$357.1M
Q2 24
$420.9M
Q1 24
$430.7M
Stockholders' Equity
AGRO
AGRO
UDMY
UDMY
Q4 25
$210.5M
Q3 25
$1.4B
$221.8M
Q2 25
$233.4M
Q1 25
$209.4M
Q4 24
$197.4M
Q3 24
$1.4B
$196.3M
Q2 24
$252.3M
Q1 24
$296.5M
Total Assets
AGRO
AGRO
UDMY
UDMY
Q4 25
$617.7M
Q3 25
$3.6B
$618.9M
Q2 25
$644.0M
Q1 25
$639.0M
Q4 24
$605.6M
Q3 24
$608.9M
Q2 24
$671.9M
Q1 24
$708.5M

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
UDMY
UDMY
Operating Cash FlowLast quarter
$138.7M
$15.5M
Free Cash FlowOCF − Capex
$15.0M
FCF MarginFCF / Revenue
7.7%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
21.58×
TTM Free Cash FlowTrailing 4 quarters
$81.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AGRO
AGRO
UDMY
UDMY
Q4 25
$15.5M
Q3 25
$138.7M
$15.7M
Q2 25
$44.2M
Q1 25
$12.2M
Q4 24
$9.6M
Q3 24
$164.9M
$-6.1M
Q2 24
$28.6M
Q1 24
$21.0M
Free Cash Flow
AGRO
AGRO
UDMY
UDMY
Q4 25
$15.0M
Q3 25
$15.1M
Q2 25
$41.9M
Q1 25
$9.8M
Q4 24
$8.4M
Q3 24
$-6.7M
Q2 24
$28.2M
Q1 24
$20.8M
FCF Margin
AGRO
AGRO
UDMY
UDMY
Q4 25
7.7%
Q3 25
7.7%
Q2 25
21.0%
Q1 25
4.9%
Q4 24
4.2%
Q3 24
-3.4%
Q2 24
14.5%
Q1 24
10.6%
Capex Intensity
AGRO
AGRO
UDMY
UDMY
Q4 25
0.3%
Q3 25
0.3%
Q2 25
1.1%
Q1 25
1.2%
Q4 24
0.6%
Q3 24
0.3%
Q2 24
0.2%
Q1 24
0.1%
Cash Conversion
AGRO
AGRO
UDMY
UDMY
Q4 25
Q3 25
21.58×
9.58×
Q2 25
7.06×
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.

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