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

Adecoagro brought in $1.5B of revenue in fiscal 2024, Limoneira $159.7M in fiscal 2025. Revenue changed by +16.9% at Adecoagro and -16.6% at Limoneira on the year before, so Adecoagro grew faster. Adecoagro kept 6.1% of its revenue as net profit, Limoneira -10.0%.

Side by side, latest fiscal year

AGROLMNR
Fiscal year endedFY2024 (December 31, 2024)FY2025 (October 31, 2025)
Revenue$1.5B$159.7M
Revenue growth+16.9%-16.6%
Net income$92.3M-$16M
Net margin6.1%-10.0%
Free cash flow$68.1Mn/a
Free cash flow margin4.5%n/a
Earnings per share (diluted)$0.90-$0.93
Cash$211.2M$1.5M
Debt$779.6M$72.5M
Price to earningsn/an/a
Market value$1.5B$213.6M
Dividend yieldn/a2.55%
Rank by revenue in sector#51 of 93 · Consumer staples#80 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: $1.5BLMNR FY2018: $129.4MLMNR FY2019: $171.4MLMNR FY2020: $164.6MLMNR FY2021: $166MLMNR FY2022: $184.6MLMNR FY2023: $179.9MLMNR FY2024: $191.5MLMNR FY2025: $159.7MFY17FY18FY19FY20FY21FY22FY23FY24FY25
AGRO $1.5BLMNR $159.7M
Net income
AGRO FY2017: $13.2MAGRO FY2018: -$24.6MAGRO FY2019: -$772KAGRO FY2020: $412KAGRO FY2021: $130.7MAGRO FY2022: $108.1MAGRO FY2023: $226.3MAGRO FY2024: $92.3MLMNR FY2018: $20.2MLMNR FY2019: -$5.9MLMNR FY2020: -$16.4MLMNR FY2021: -$3.4MLMNR FY2022: -$236KLMNR FY2023: $9.4MLMNR FY2024: $7.7MLMNR FY2025: -$16MFY17FY18FY19FY20FY21FY22FY23FY24FY25
AGRO $92.3MLMNR -$16M
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%LMNR FY2018: 15.6%LMNR FY2019: -3.5%LMNR FY2020: -10.0%LMNR FY2021: -2.1%LMNR FY2022: -0.1%LMNR FY2023: 5.2%LMNR FY2024: 4.0%LMNR FY2025: -10.0%FY17FY18FY19FY20FY21FY22FY23FY24FY25
AGRO 6.1%LMNR -10.0%
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%LMNR FY2019: +32.5%LMNR FY2020: -4.0%LMNR FY2021: +0.9%LMNR FY2022: +11.2%LMNR FY2023: -2.5%LMNR FY2024: +6.4%LMNR FY2025: -16.6%FY18FY19FY20FY21FY22FY23FY24FY25
AGRO +16.9%LMNR -16.6%
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: $68.1MLMNR FY2018: $4.5MLMNR FY2019: -$14.5MFY17FY18FY19FY20FY21FY22FY23FY24
AGRO $68.1MLMNR -$14.5M

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

Questions about Adecoagro and Limoneira

Which is bigger by revenue, Adecoagro or Limoneira?

Adecoagro is bigger by revenue: $1.5B in fiscal 2024, against $159.7M for Limoneira in fiscal 2025.

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

Adecoagro had a net margin of 6.1% in fiscal 2024; Limoneira had -10.0% in fiscal 2025.

Which grew revenue faster, Adecoagro or Limoneira?

In their latest fiscal years revenue changed by +16.9% at Adecoagro and -16.6% at Limoneira.

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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