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

VORNADO REALTY TRUST is the larger business by last-quarter revenue ($459.1M vs $304.2M, roughly 1.5× Adecoagro S.A.). Adecoagro S.A. runs the higher net margin — 2.1% vs -5.0%, a 7.1% gap on every dollar of revenue. On growth, VORNADO REALTY TRUST posted the faster year-over-year revenue change (-0.5% 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.

Vornado Realty Trust is a real estate investment trust formed in Maryland in 1982, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan.

AGRO vs VNO — Head-to-Head

Bigger by revenue
VNO
VNO
1.5× larger
VNO
$459.1M
$304.2M
AGRO
Growing faster (revenue YoY)
VNO
VNO
+34.9% gap
VNO
-0.5%
-35.5%
AGRO
Higher net margin
AGRO
AGRO
7.1% more per $
AGRO
2.1%
-5.0%
VNO

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
AGRO
AGRO
VNO
VNO
Revenue
$304.2M
$459.1M
Net Profit
$6.4M
$-22.8M
Gross Margin
35.1%
Operating Margin
18.7%
Net Margin
2.1%
-5.0%
Revenue YoY
-35.5%
-0.5%
Net Profit YoY
-65.7%
689.3%
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
VNO
VNO
Q1 26
$459.1M
Q4 25
$453.7M
Q3 25
$304.2M
$453.7M
Q2 25
$441.4M
Q1 25
$461.6M
Q4 24
$457.8M
Q3 24
$471.5M
$443.3M
Q2 24
$450.3M
Net Profit
AGRO
AGRO
VNO
VNO
Q1 26
$-22.8M
Q4 25
$4.9M
Q3 25
$6.4M
$27.1M
Q2 25
$759.3M
Q1 25
$102.4M
Q4 24
$5.8M
Q3 24
$18.7M
$-3.6M
Q2 24
$50.8M
Gross Margin
AGRO
AGRO
VNO
VNO
Q1 26
Q4 25
Q3 25
35.1%
Q2 25
Q1 25
Q4 24
Q3 24
25.1%
Q2 24
Operating Margin
AGRO
AGRO
VNO
VNO
Q1 26
Q4 25
2.8%
Q3 25
18.7%
3.0%
Q2 25
Q1 25
23.2%
Q4 24
2.5%
Q3 24
6.3%
-3.3%
Q2 24
10.1%
Net Margin
AGRO
AGRO
VNO
VNO
Q1 26
-5.0%
Q4 25
1.1%
Q3 25
2.1%
6.0%
Q2 25
172.0%
Q1 25
22.2%
Q4 24
1.3%
Q3 24
4.0%
-0.8%
Q2 24
11.3%
EPS (diluted)
AGRO
AGRO
VNO
VNO
Q1 26
Q4 25
$0.01
Q3 25
$0.07
$0.06
Q2 25
$3.70
Q1 25
$0.43
Q4 24
$0.01
Q3 24
$0.19
$-0.10
Q2 24
$0.18

Balance Sheet & Financial Strength

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

Metric
AGRO
AGRO
VNO
VNO
Cash + ST InvestmentsLiquidity on hand
$340.0M
$1.1B
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$6.0B
Total Assets
$3.6B
$15.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGRO
AGRO
VNO
VNO
Q1 26
$1.1B
Q4 25
$840.9M
Q3 25
$340.0M
$1.0B
Q2 25
$1.2B
Q1 25
$568.9M
Q4 24
$733.9M
Q3 24
$198.3M
$783.6M
Q2 24
$872.6M
Total Debt
AGRO
AGRO
VNO
VNO
Q1 26
Q4 25
$2.3B
Q3 25
$2.3B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$2.6B
Q3 24
$2.6B
Q2 24
$2.6B
Stockholders' Equity
AGRO
AGRO
VNO
VNO
Q1 26
$6.0B
Q4 25
$6.0B
Q3 25
$1.4B
$6.1B
Q2 25
$6.1B
Q1 25
$5.3B
Q4 24
$5.2B
Q3 24
$1.4B
$5.3B
Q2 24
$5.6B
Total Assets
AGRO
AGRO
VNO
VNO
Q1 26
$15.9B
Q4 25
$15.5B
Q3 25
$3.6B
$15.7B
Q2 25
$15.6B
Q1 25
$15.6B
Q4 24
$16.0B
Q3 24
$16.1B
Q2 24
$16.2B
Debt / Equity
AGRO
AGRO
VNO
VNO
Q1 26
Q4 25
0.38×
Q3 25
0.37×
Q2 25
0.35×
Q1 25
0.40×
Q4 24
0.50×
Q3 24
0.49×
Q2 24
0.46×

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
VNO
VNO
Operating Cash FlowLast quarter
$138.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
3.7%
Cash ConversionOCF / Net Profit
21.58×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AGRO
AGRO
VNO
VNO
Q1 26
Q4 25
$1.3B
Q3 25
$138.7M
$33.2M
Q2 25
$1.0B
Q1 25
$52.0M
Q4 24
$537.7M
Q3 24
$164.9M
$105.4M
Q2 24
$194.7M
Capex Intensity
AGRO
AGRO
VNO
VNO
Q1 26
3.7%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
AGRO
AGRO
VNO
VNO
Q1 26
Q4 25
256.08×
Q3 25
21.58×
1.22×
Q2 25
1.35×
Q1 25
0.51×
Q4 24
93.39×
Q3 24
8.81×
Q2 24
3.83×

Financial Flow Comparison

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

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