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

Adecoagro brought in $1.5B of revenue in fiscal 2024, Dole $9.2B in fiscal 2025. Revenue changed by +16.9% at Adecoagro and +8.2% at Dole on the year before, so Adecoagro grew faster. Adecoagro kept 6.1% of its revenue as net profit, Dole 0.6%. Free cash flow was $68.1M at Adecoagro and $1.7M at Dole.

Side by side, latest fiscal year

AGRODOLE
Fiscal year endedFY2024 (December 31, 2024)FY2025 (December 31, 2025)
Revenue$1.5B$9.2B
Revenue growth+16.9%+8.2%
Net income$92.3M$51.3M
Net margin6.1%0.6%
Free cash flow$68.1M$1.7M
Free cash flow margin4.5%0.0%
Earnings per share (diluted)$0.90$0.53
Cash$211.2M$267.9M
Debt$779.6M$829.4M
Price to earningsn/a24.5
Market value$1.5B$1.2B
Dividend yieldn/an/a
Rank by revenue in sector#51 of 93 · Consumer staples#24 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: $1.5BDOLE FY2019: $4.2BDOLE FY2021: $4.3BDOLE FY2021: $5.9BDOLE FY2022: $8BDOLE FY2023: $8.2BDOLE FY2024: $8.5BDOLE FY2025: $9.2BFY17FY18FY19FY20FY21FY22FY23FY24FY25
AGRO $1.5BDOLE $9.2B
Net income
AGRO FY2017: $13.2MAGRO FY2018: -$24.6MAGRO FY2019: -$772KAGRO FY2020: $412KAGRO FY2021: $130.7MAGRO FY2022: $108.1MAGRO FY2023: $226.3MAGRO FY2024: $92.3MDOLE FY2019: $55.1MDOLE FY2021: $52.5MDOLE FY2021: -$7.2MDOLE FY2022: $86.5MDOLE FY2023: $124.1MDOLE FY2024: $125.5MDOLE FY2025: $51.3MFY17FY18FY19FY20FY21FY22FY23FY24FY25
AGRO $92.3MDOLE $51.3M
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%DOLE FY2019: 1.3%DOLE FY2021: 1.2%DOLE FY2021: -0.1%DOLE FY2022: 1.1%DOLE FY2023: 1.5%DOLE FY2024: 1.5%DOLE FY2025: 0.6%FY17FY18FY19FY20FY21FY22FY23FY24FY25
AGRO 6.1%DOLE 0.6%
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%DOLE FY2021: +4.3%DOLE FY2021: +36.8%DOLE FY2022: +35.0%DOLE FY2023: +2.8%DOLE FY2024: +2.8%DOLE FY2025: +8.2%FY18FY19FY20FY21FY22FY23FY24FY25
AGRO +16.9%DOLE +8.2%
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: $68.1MDOLE FY2019: $48.3MDOLE FY2021: $121.4MDOLE FY2021: -$42.2MDOLE FY2022: $153.3MDOLE FY2023: $220.6MDOLE FY2024: $180.3MDOLE FY2025: $1.7MFY17FY18FY19FY20FY21FY22FY23FY24FY25
AGRO $68.1MDOLE $1.7M

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

Questions about Adecoagro and Dole

Which is bigger by revenue, Adecoagro or Dole?

Dole is bigger by revenue: $9.2B in fiscal 2025, against $1.5B for Adecoagro in fiscal 2024.

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

Adecoagro had a net margin of 6.1% in fiscal 2024; Dole had 0.6% in fiscal 2025.

Which grew revenue faster, Adecoagro or Dole?

In their latest fiscal years revenue changed by +16.9% at Adecoagro and +8.2% at Dole.

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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