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Adecoagro vs Alico: revenue, profit, margins and growth compared

Adecoagro brought in $1.5B of revenue in fiscal 2024, Alico $44.1M in fiscal 2025. Revenue changed by +16.9% at Adecoagro and -5.5% at Alico on the year before, so Adecoagro grew faster. Adecoagro kept 6.1% of its revenue as net profit, Alico -334.3%. Free cash flow was $68.1M at Adecoagro and $14.6M at Alico.

Side by side, latest fiscal year

AGROALCO
Fiscal year endedFY2024 (December 31, 2024)FY2025 (September 30, 2025)
Revenue$1.5B$44.1M
Revenue growth+16.9%-5.5%
Net income$92.3M-$147.3M
Net margin6.1%-334.3%
Free cash flow$68.1M$14.6M
Free cash flow margin4.5%33.2%
Earnings per share (diluted)$0.90-$19.29
Cash$211.2M$38.1M
Debt$779.6M$83M
Price to earningsn/an/a
Market value$1.5B$289.8M
Dividend yieldn/a0.51%
Rank by revenue in sector#51 of 93 · Consumer staples#83 of 93 · Consumer staples

Over the years

Revenue
AGRO FY2017: $933.2MAGRO FY2018: $793.2MAGRO FY2019: $887.1MAGRO FY2020: $817.8MAGRO FY2021: $1.1BAGRO FY2022: $1.3BAGRO FY2023: $1.3BAGRO FY2024: $1.5BALCO FY2018: $81.3MALCO FY2019: $122.3MALCO FY2020: $92.5MALCO FY2021: $108.6MALCO FY2022: $91.9MALCO FY2023: $39.8MALCO FY2024: $46.6MALCO FY2025: $44.1MFY17FY18FY19FY20FY21FY22FY23FY24FY25
AGRO $1.5BALCO $44.1M
Net income
AGRO FY2017: $13.2MAGRO FY2018: -$24.6MAGRO FY2019: -$772KAGRO FY2020: $412KAGRO FY2021: $130.7MAGRO FY2022: $108.1MAGRO FY2023: $226.3MAGRO FY2024: $92.3MALCO FY2018: $13.1MALCO FY2019: $37.8MALCO FY2020: $23.7MALCO FY2021: $34.9MALCO FY2022: $12.5MALCO FY2023: $1.8MALCO FY2024: $7MALCO FY2025: -$147.3MFY17FY18FY19FY20FY21FY22FY23FY24FY25
AGRO $92.3MALCO -$147.3M
Net margin
AGRO FY2017: 1.4%AGRO FY2018: -3.1%AGRO FY2019: -0.1%AGRO FY2020: 0.1%AGRO FY2021: 11.6%AGRO FY2022: 8.0%AGRO FY2023: 17.4%AGRO FY2024: 6.1%ALCO FY2018: 16.1%ALCO FY2019: 30.9%ALCO FY2020: 25.6%ALCO FY2021: 32.1%ALCO FY2022: 13.6%ALCO FY2023: 4.6%ALCO FY2024: 14.9%ALCO FY2025: -334.3%FY17FY18FY19FY20FY21FY22FY23FY24FY25
AGRO 6.1%ALCO -334.3%
Revenue growth
AGRO FY2018: -15.0%AGRO FY2019: +11.8%AGRO FY2020: -7.8%AGRO FY2021: +37.5%AGRO FY2022: +19.9%AGRO FY2023: -3.6%AGRO FY2024: +16.9%ALCO FY2019: +50.4%ALCO FY2020: -24.3%ALCO FY2021: +17.4%ALCO FY2022: -15.3%ALCO FY2023: -56.7%ALCO FY2024: +17.1%ALCO FY2025: -5.5%FY18FY19FY20FY21FY22FY23FY24FY25
AGRO +16.9%ALCO -5.5%
Free cash flow
AGRO FY2017: $38.6MAGRO FY2018: $11.4MAGRO FY2019: $69.7MAGRO FY2020: $88.6MAGRO FY2021: $149.4MAGRO FY2022: $152.3MAGRO FY2023: $193.3MAGRO FY2024: $68.1MALCO FY2018: $2.2MALCO FY2019: $30.8MALCO FY2020: -$17.7MALCO FY2021: -$5.8MALCO FY2022: -$14.2MALCO FY2023: -$22.9MALCO FY2024: -$48.4MALCO FY2025: $14.6MFY17FY18FY19FY20FY21FY22FY23FY24FY25
AGRO $68.1MALCO $14.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Adecoagro and Alico

Which is bigger by revenue, Adecoagro or Alico?

Adecoagro is bigger by revenue: $1.5B in fiscal 2024, against $44.1M for Alico in fiscal 2025.

Which keeps more of its revenue as profit, Adecoagro or Alico?

Adecoagro had a net margin of 6.1% in fiscal 2024; Alico had -334.3% in fiscal 2025.

Which grew revenue faster, Adecoagro or Alico?

In their latest fiscal years revenue changed by +16.9% at Adecoagro and -5.5% at Alico.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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