Pricing Log in Create free account
Saturday 17 October 2026 Export AGRO’s income statement to Excel — free account

Adecoagro S.A.

AGRO Consumer Defensive Farm Products

Adecoagro S.A.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, down 6.00% from fiscal 2024. In the quarter to June 2026, revenue grew 39.0%, EPS grew 172.2%, free cash flow fell 5.56% and total debt rose 123.0%, each against the same quarter a year earlier. Dividend growth for three consecutive years.

10.03 0.02 −0.20%
Market cap
$1.5B
P/E
30.4×
Fwd P/E
2.6×
Dividend yield
0.00%
F-score
3/9
Altman Z
0.70
Beneish M
−2.05
Dividend safety
32/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 1.56
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — 1 7 — — — — — —
Insider Ownership 78.62%

Capital & Financial Ratios $m

Market Cap 1,450.00
Revenue 1,649.84
Net Income 60.64
Free Cash Flow 60.08
Net Debt 1,686.81
Current Ratio 1.73 (at or above 1.5: strong)
Debt/Equity 1.07
P/E ratio 30.39
Fwd P/E 2.58
P/S ratio 0.89
P/B ratio 0.78
Past 5Y EPS Growth —
This Y EPS Growth 939.97% (at or above 15%: strong)
Next Y EPS Growth (21.39%) (below 0%: weak)
Next Y revenue growth 46.21% (at or above 10%: strong)
Next 5Y EPS Growth (13.68%) (below 0%: weak)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.9×, against a ten-year median of 1.7×; over the ten years it ranged from 1.0× in 2024 to 3.8× in 2016.
P/E against its own 10 years 58.97%
10-year low 10-year high
P/S against its own 10 years 48.36%
10-year low 10-year high
P/B against its own 10 years 34.54%
10-year low 10-year high
EV/Sales against its own 10 years 72.69%
10-year low 10-year high
EV/FCF against its own 10 years 76.59%
10-year low 10-year high

Dividends

Payout Ratio 0.00
Annual Dividend Rate 0.00
Annual Dividend Yield 0.00%
total individual payouts
2024 0.17
0.17
2023 0.33
0.16
0.16
2022 0.32
0.16
0.16
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
2017 Powerpack
2016 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 416 261 474 331
Receivables 179 213 364 372
Inventory 460 540 581 658
Other — — — —
1,056 1,015 1,419 1,361
2023 2024 2025 Q'26
Payables 191 207 673 198
ST’ Debt 207 100 213 440
Other 38 36 48 52
494 400 1,027 788

Compound Annual Growth %

10y 5y 3y
Sales 7.79% 11.79% 1.94%
Cash Flow 7.83% 3.71% (5.88%)
Earnings 0.00% 0.00% 0.00%
Book Value 13.01% 13.21% 15.49%

Revenue $m

Mar Jun Sep Dec Year
’26 399 531 — — —
’25 326 382 304 416 1,428
’24 262 411 471 374 1,519
’23 246 403 386 264 1,299
’22 206 384 386 372 1,348
’21 175 290 326 334 1,124
’20 156 182 237 243 818
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) 125 — — —
’25 (19) 130 28 170 309
’24 (39) 155 49 163 328
’23 (53) 92 218 178 435
’22 (23) 71 88 234 370
’21 (23) 99 138 134 349
’20 49 19 71 117 257
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (90) 72 — — —
’25 (104) 76 (20) 98 50
’24 (133) 114 3 107 91
’23 (132) 36 218 108 229
’22 (101) 25 45 184 152
’21 (82) 64 70 95 147
’20 (18) 0 44 75 100
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.28 0.13 — — —
’25 0.18 (0.18) 0.07 (0.15) (0.08)
’24 0.45 0.09 0.19 0.16 0.90
’23 0.20 0.43 0.71 0.77 2.11
’22 0.57 0.17 0.21 0.03 0.98
’21 0.16 0.14 0.32 0.53 1.13
’20 (0.47) (0.10) 0.17 0.41 0.00
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 9.38 8.33 6.40 5.29 3.31 6.78 6.95 7.34 8.72 6.89

Analyst estimates 2026–2028

Powerpack
High 13.42 13.29 10.63 8.70 8.52 11.77 13.55 12.51 12.08 11.79
People
People Employees 8,326 7,790 7,743 8,237 8,716 9,104 9,776 9,762 10,320 10,283
Revenue/emp, $m 0.10 0.12 0.10 0.11 0.09 0.12 0.14 0.13 0.15 0.14
Income, $m
Income, $m Revenue 869 933 793 887 818 1,124 1,348 1,299 1,519 1,428
Gross margin, % 35.69 25.56 25.03 32.28 41.03 43.07 34.55 31.98 28.63 24.60
EBT 13 10 (24) 21 13 175 135 305 35 (7)
EBT margin, % 1.51 1.07 (3.06) 2.39 1.64 15.52 10.04 23.51 2.31 (0.49)
Net income 4 15 (23) 0 1 131 109 227 92 (7)
Depreciation 128 151 154 220 183 218 254 274 304 271
Per share, $
Per share, $ Revenue 7.16 7.74 6.80 7.57 6.96 9.76 12.24 12.13 14.80 13.98
Earnings 0.02 0.12 (0.21) (0.01) 0.00 1.14 0.98 2.11 0.90 (0.08)
Cash flow 2.10 1.97 1.87 2.75 2.19 3.03 3.36 4.06 3.20 3.02
Capex (1.10) (1.65) (1.57) (2.20) (1.34) (1.75) (1.98) (1.92) (2.32) (2.53)
Free cash flow 1.01 0.31 0.31 0.55 0.85 1.27 1.38 2.14 0.88 0.49
Book value 5.53 5.66 9.50 8.78 8.21 9.10 10.57 11.82 13.72 17.56
Shares, m 121 121 117 117 117 115 110 107 103 102
Valuation, ×
Valuation, × P/E 1,095.00 129.25 0.00 0.00 680.00 6.68 7.63 5.14 10.60 0.00
P/S 1.53 1.34 1.02 1.11 0.98 0.79 0.62 0.90 0.64 0.57
P/B 1.98 1.83 0.73 0.95 0.83 0.84 0.71 0.92 0.69 0.45
EV/Sales 2.07 1.92 1.76 1.87 1.75 1.34 1.12 1.27 0.98 1.35
EV/FCF 14.74 47.72 39.07 25.67 14.39 10.23 9.90 7.23 16.40 38.43
Cash, $m
Cash, $m Operating cash flow 255 237 219 322 257 349 370 435 328 309
Capex (133) (200) (183) (258) (157) (202) (218) (206) (238) (258)
Free cash flow 122 38 36 65 100 147 152 229 91 50
Balance, $m
Balance, $m Working capital 236 407 383 285 407 404 412 562 615 393
Total debt 635 818 862 968 971 818 1,008 905 780 1,593
Net debt 473 544 582 677 635 617 678 489 518 1,119
Shareholders’ equity 672 683 1,108 1,029 964 1,048 1,164 1,266 1,408 1,792
Returns, %
Returns, % ROA 0.15 0.85 (1.26) (0.03) 0.02 5.16 3.80 7.21 2.94 (0.20)
ROIC 9.31 6.60 5.79 4.45 7.39 10.44 8.48 8.61 5.92 2.02
ROE 0.34 1.95 (2.75) (0.07) 0.04 12.99 9.78 18.63 6.91 (0.52)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Adecoagro S.A. vs peers in Farm Products (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CALM Cal-Maine Foods, Inc. $3.0B 51.1× 19.7× −41.51% (below 0%: shrinking) n/m −154.84% (below 0%: shrinking) 0.07% (15.23%) Compare
IBA Industrias Bachoco, S.A. de C.V. $2.5B 11.9× 8.8× +6.31% (above 0%: growing) −53.24% (below 0%: shrinking) +146.11% (above 0%: growing) 18.30% 9.63% Compare
AGRO Adecoagro S.A. $1.5B 30.4× 2.6× +38.98% (above 0%: growing) n/m −5.56% (below 0%: shrinking) 32.92% 17.32%
DMC Del Monte Corporation $1.4B 41.1× 17.0× +3.10% (above 0%: growing) −62.18% (below 0%: shrinking) −70.03% (below 0%: shrinking) 9.95% 2.75% Compare
DOLE Dole PLC $1.3B 21.5× 10.2× +2.92% (above 0%: growing) +170.00% (above 0%: growing) −218.11% (below 0%: shrinking) 7.81% 1.90% Compare
VITL Vital Farms, Inc. $367.1M — (loss-making) — (loss-making) −10.14% (below 0%: shrinking) n/m −521.68% (below 0%: shrinking) 6.58% (24.18%) Compare
LND Brasilagro Cia Brasileira De Propriedades Agricolas $356.6M 1,385× 7.5× −17.41% (below 0%: shrinking) n/m +30.61% (above 0%: growing) 16.11% 13.32% Compare
AFRI Forafric Global PLC $319.5M — (loss-making) — — n/m −1,812.63% (below 0%: shrinking) 9.61% 0.00% Compare
VFF Village Farms International, Inc. $317.9M 13.3× 14.6× +6.81% (above 0%: growing) −75.00% (below 0%: shrinking) −87.98% (below 0%: shrinking) 46.85% 17.45% Compare
Median of peers $818.5M 31.3× 12.4× +2.92% −57.71% −121.41% 9.78% 2.33%

All 25 Farm Products stocks →

Adecoagro S.A. (AGRO) key facts

  • Concern: Adecoagro S.A.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, down 6.00% from fiscal 2024.
  • Adecoagro S.A. (AGRO) is a Farm Products company in the Consumer Defensive sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, AGRO traded at $10.03, a market capitalization of $1.5 billion.
  • Adecoagro S.A. does not currently pay a dividend.
  • Return on equity was −0.52% and debt-to-equity 1.07.
  • Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 0.70 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Adecoagro S.A. (AGRO) Latest News

1 Sep

Impact 5 ·
stockrow.com/AGRO · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com