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

Adecoagro S.A. is the larger business by last-quarter revenue ($304.2M vs $165.0M, roughly 1.8× VEECO INSTRUMENTS INC). Adecoagro S.A. runs the higher net margin — 2.1% vs 0.7%, a 1.4% gap on every dollar of revenue. On growth, VEECO INSTRUMENTS INC posted the faster year-over-year revenue change (-9.4% 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.

Veeco Instruments Inc. is a global capital equipment supplier, headquartered in the U.S., that designs and builds processing systems used in semiconductor and compound semiconductor manufacturing, data storage and scientific markets for applications such as advanced packaging, photonics, power electronics and display technologies.

AGRO vs VECO — Head-to-Head

Bigger by revenue
AGRO
AGRO
1.8× larger
AGRO
$304.2M
$165.0M
VECO
Growing faster (revenue YoY)
VECO
VECO
+26.1% gap
VECO
-9.4%
-35.5%
AGRO
Higher net margin
AGRO
AGRO
1.4% more per $
AGRO
2.1%
0.7%
VECO

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
AGRO
AGRO
VECO
VECO
Revenue
$304.2M
$165.0M
Net Profit
$6.4M
$1.1M
Gross Margin
35.1%
36.7%
Operating Margin
18.7%
-0.8%
Net Margin
2.1%
0.7%
Revenue YoY
-35.5%
-9.4%
Net Profit YoY
-65.7%
-92.6%
EPS (diluted)
$0.07
$0.02

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
VECO
VECO
Q4 25
$165.0M
Q3 25
$304.2M
$165.9M
Q2 25
$166.1M
Q1 25
$167.3M
Q4 24
$182.1M
Q3 24
$471.5M
$184.8M
Q2 24
$175.9M
Q1 24
$174.5M
Net Profit
AGRO
AGRO
VECO
VECO
Q4 25
$1.1M
Q3 25
$6.4M
$10.6M
Q2 25
$11.7M
Q1 25
$11.9M
Q4 24
$15.0M
Q3 24
$18.7M
$22.0M
Q2 24
$14.9M
Q1 24
$21.9M
Gross Margin
AGRO
AGRO
VECO
VECO
Q4 25
36.7%
Q3 25
35.1%
40.8%
Q2 25
41.4%
Q1 25
40.9%
Q4 24
40.6%
Q3 24
25.1%
42.9%
Q2 24
42.9%
Q1 24
43.2%
Operating Margin
AGRO
AGRO
VECO
VECO
Q4 25
-0.8%
Q3 25
18.7%
6.4%
Q2 25
7.4%
Q1 25
8.5%
Q4 24
2.1%
Q3 24
6.3%
13.2%
Q2 24
9.5%
Q1 24
12.6%
Net Margin
AGRO
AGRO
VECO
VECO
Q4 25
0.7%
Q3 25
2.1%
6.4%
Q2 25
7.1%
Q1 25
7.1%
Q4 24
8.2%
Q3 24
4.0%
11.9%
Q2 24
8.5%
Q1 24
12.5%
EPS (diluted)
AGRO
AGRO
VECO
VECO
Q4 25
$0.02
Q3 25
$0.07
$0.17
Q2 25
$0.20
Q1 25
$0.20
Q4 24
$0.25
Q3 24
$0.19
$0.36
Q2 24
$0.25
Q1 24
$0.37

Balance Sheet & Financial Strength

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

Metric
AGRO
AGRO
VECO
VECO
Cash + ST InvestmentsLiquidity on hand
$340.0M
$163.5M
Total DebtLower is stronger
$226.0M
Stockholders' EquityBook value
$1.4B
$885.5M
Total Assets
$3.6B
$1.3B
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGRO
AGRO
VECO
VECO
Q4 25
$163.5M
Q3 25
$340.0M
$193.2M
Q2 25
$188.9M
Q1 25
$174.9M
Q4 24
$145.6M
Q3 24
$198.3M
$163.2M
Q2 24
$174.2M
Q1 24
$174.0M
Total Debt
AGRO
AGRO
VECO
VECO
Q4 25
$226.0M
Q3 25
$225.7M
Q2 25
$225.4M
Q1 25
$250.0M
Q4 24
$276.2M
Q3 24
$275.9M
Q2 24
$275.6M
Q1 24
$275.2M
Stockholders' Equity
AGRO
AGRO
VECO
VECO
Q4 25
$885.5M
Q3 25
$1.4B
$876.0M
Q2 25
$856.2M
Q1 25
$811.9M
Q4 24
$770.8M
Q3 24
$1.4B
$746.5M
Q2 24
$715.0M
Q1 24
$687.9M
Total Assets
AGRO
AGRO
VECO
VECO
Q4 25
$1.3B
Q3 25
$3.6B
$1.3B
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.2B
Q1 24
$1.2B
Debt / Equity
AGRO
AGRO
VECO
VECO
Q4 25
0.26×
Q3 25
0.26×
Q2 25
0.26×
Q1 25
0.31×
Q4 24
0.36×
Q3 24
0.37×
Q2 24
0.39×
Q1 24
0.40×

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
VECO
VECO
Operating Cash FlowLast quarter
$138.7M
$24.9M
Free Cash FlowOCF − Capex
$21.7M
FCF MarginFCF / Revenue
13.1%
Capex IntensityCapex / Revenue
2.0%
Cash ConversionOCF / Net Profit
21.58×
22.38×
TTM Free Cash FlowTrailing 4 quarters
$53.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AGRO
AGRO
VECO
VECO
Q4 25
$24.9M
Q3 25
$138.7M
$15.5M
Q2 25
$9.0M
Q1 25
$20.0M
Q4 24
$28.4M
Q3 24
$164.9M
$17.6M
Q2 24
$8.5M
Q1 24
$9.4M
Free Cash Flow
AGRO
AGRO
VECO
VECO
Q4 25
$21.7M
Q3 25
$13.0M
Q2 25
$5.4M
Q1 25
$13.2M
Q4 24
$23.2M
Q3 24
$13.6M
Q2 24
$5.5M
Q1 24
$3.4M
FCF Margin
AGRO
AGRO
VECO
VECO
Q4 25
13.1%
Q3 25
7.8%
Q2 25
3.3%
Q1 25
7.9%
Q4 24
12.7%
Q3 24
7.4%
Q2 24
3.1%
Q1 24
1.9%
Capex Intensity
AGRO
AGRO
VECO
VECO
Q4 25
2.0%
Q3 25
1.6%
Q2 25
2.2%
Q1 25
4.0%
Q4 24
2.8%
Q3 24
2.2%
Q2 24
1.7%
Q1 24
3.4%
Cash Conversion
AGRO
AGRO
VECO
VECO
Q4 25
22.38×
Q3 25
21.58×
1.47×
Q2 25
0.77×
Q1 25
1.67×
Q4 24
1.90×
Q3 24
8.81×
0.80×
Q2 24
0.57×
Q1 24
0.43×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AGRO
AGRO

Segment breakdown not available.

VECO
VECO

Asia Pacific Excluding China$89.9M54%
Other$44.8M27%
Compound Semiconductor$20.1M12%
Data Storage$10.2M6%

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