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

VNET Group, Inc. is the larger business by last-quarter revenue ($362.7M vs $304.2M, roughly 1.2× Adecoagro S.A.). Adecoagro S.A. runs the higher net margin — 2.1% vs -10.7%, a 12.8% gap on every dollar of revenue.

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.

VNET Group, Inc. is a leading neutral internet data center service provider operating primarily in China. It offers cloud computing infrastructure, colocation services, managed network solutions, and hybrid cloud support to enterprise clients across technology, finance, and retail sectors, enabling stable, high-performance digital operation foundations for domestic and global businesses expanding in the Chinese market.

AGRO vs VNET — Head-to-Head

Bigger by revenue
VNET
VNET
1.2× larger
VNET
$362.7M
$304.2M
AGRO
Higher net margin
AGRO
AGRO
12.8% more per $
AGRO
2.1%
-10.7%
VNET

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
AGRO
AGRO
VNET
VNET
Revenue
$304.2M
$362.7M
Net Profit
$6.4M
$-38.7M
Gross Margin
35.1%
20.9%
Operating Margin
18.7%
0.5%
Net Margin
2.1%
-10.7%
Revenue YoY
-35.5%
Net Profit YoY
-65.7%
EPS (diluted)
$0.07

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
VNET
VNET
Q3 25
$304.2M
$362.7M
Q1 25
$309.5M
Q3 24
$471.5M
$302.2M
Q2 24
$274.4M
Q1 24
$262.9M
Q3 23
$258.6M
Q2 23
$251.2M
Q1 23
$262.9M
Net Profit
AGRO
AGRO
VNET
VNET
Q3 25
$6.4M
$-38.7M
Q1 25
$-2.4M
Q3 24
$18.7M
$-2.1M
Q2 24
$-1.1M
Q1 24
$-22.0M
Q3 23
$-5.5M
Q2 23
Q1 23
$15.1M
Gross Margin
AGRO
AGRO
VNET
VNET
Q3 25
35.1%
20.9%
Q1 25
25.2%
Q3 24
25.1%
23.2%
Q2 24
21.3%
Q1 24
21.6%
Q3 23
16.2%
Q2 23
18.8%
Q1 23
19.5%
Operating Margin
AGRO
AGRO
VNET
VNET
Q3 25
18.7%
0.5%
Q1 25
0.1%
Q3 24
6.3%
24.5%
Q2 24
0.2%
Q1 24
0.2%
Q3 23
1.7%
Q2 23
5.1%
Q1 23
1.8%
Net Margin
AGRO
AGRO
VNET
VNET
Q3 25
2.1%
-10.7%
Q1 25
-0.8%
Q3 24
4.0%
-0.7%
Q2 24
-0.4%
Q1 24
-8.4%
Q3 23
-2.1%
Q2 23
Q1 23
5.7%
EPS (diluted)
AGRO
AGRO
VNET
VNET
Q3 25
$0.07
Q1 25
Q3 24
$0.19
Q2 24
Q1 24
Q3 23
Q2 23
Q1 23

Balance Sheet & Financial Strength

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

Metric
AGRO
AGRO
VNET
VNET
Cash + ST InvestmentsLiquidity on hand
$340.0M
$492.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$890.8M
Total Assets
$3.6B
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGRO
AGRO
VNET
VNET
Q3 25
$340.0M
$492.1M
Q1 25
$544.3M
Q3 24
$198.3M
$219.5M
Q2 24
$247.2M
Q1 24
$246.9M
Q3 23
$370.4M
Q2 23
$325.9M
Q1 23
$424.6M
Total Debt
AGRO
AGRO
VNET
VNET
Q3 25
Q1 25
Q3 24
$1.2B
Q2 24
Q1 24
Q3 23
Q2 23
Q1 23
Stockholders' Equity
AGRO
AGRO
VNET
VNET
Q3 25
$1.4B
$890.8M
Q1 25
$927.8M
Q3 24
$1.4B
$902.9M
Q2 24
$900.6M
Q1 24
$895.1M
Q3 23
$942.7M
Q2 23
$952.6M
Q1 23
$1.0B
Total Assets
AGRO
AGRO
VNET
VNET
Q3 25
$3.6B
$6.1B
Q1 25
$5.4B
Q3 24
$4.3B
Q2 24
$4.0B
Q1 24
$3.9B
Q3 23
$4.1B
Q2 23
$4.0B
Q1 23
$4.2B
Debt / Equity
AGRO
AGRO
VNET
VNET
Q3 25
Q1 25
Q3 24
1.28×
Q2 24
Q1 24
Q3 23
Q2 23
Q1 23

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
VNET
VNET
Operating Cash FlowLast quarter
$138.7M
$113.8M
Free Cash FlowOCF − Capex
$-193.1M
FCF MarginFCF / Revenue
-53.2%
Capex IntensityCapex / Revenue
84.6%
Cash ConversionOCF / Net Profit
21.58×
TTM Free Cash FlowTrailing 4 quarters
$-589.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AGRO
AGRO
VNET
VNET
Q3 25
$138.7M
$113.8M
Q1 25
$27.0M
Q3 24
$164.9M
$108.3M
Q2 24
$55.8M
Q1 24
$37.1M
Q3 23
$62.3M
Q2 23
$58.4M
Q1 23
$66.3M
Free Cash Flow
AGRO
AGRO
VNET
VNET
Q3 25
$-193.1M
Q1 25
$-220.0M
Q3 24
$-95.0M
Q2 24
$-81.6M
Q1 24
$-102.2M
Q3 23
$-67.5M
Q2 23
$4.0M
Q1 23
$-22.4M
FCF Margin
AGRO
AGRO
VNET
VNET
Q3 25
-53.2%
Q1 25
-71.1%
Q3 24
-31.4%
Q2 24
-29.8%
Q1 24
-38.9%
Q3 23
-26.1%
Q2 23
1.6%
Q1 23
-8.5%
Capex Intensity
AGRO
AGRO
VNET
VNET
Q3 25
84.6%
Q1 25
79.8%
Q3 24
67.3%
Q2 24
50.1%
Q1 24
53.0%
Q3 23
50.2%
Q2 23
21.7%
Q1 23
33.7%
Cash Conversion
AGRO
AGRO
VNET
VNET
Q3 25
21.58×
Q1 25
Q3 24
8.81×
Q2 24
Q1 24
Q3 23
Q2 23
Q1 23
4.39×

Financial Flow Comparison

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

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