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Adecoagro vs Village Farms International: revenue, profit, margins and growth compared

Adecoagro brought in $1.5B of revenue in fiscal 2024, Village Farms International $215.9M in fiscal 2025. Revenue changed by +16.9% at Adecoagro and +10.2% at Village Farms International on the year before, so Adecoagro grew faster. Adecoagro kept 6.1% of its revenue as net profit, Village Farms International 15.0%. Free cash flow was $68.1M at Adecoagro and $39.9M at Village Farms International.

Side by side, latest fiscal year

AGROVFF
Fiscal year endedFY2024 (December 31, 2024)FY2025 (December 31, 2025)
Revenue$1.5B$215.9M
Revenue growth+16.9%+10.2%
Net income$92.3M$32.4M
Net margin6.1%15.0%
Free cash flow$68.1M$39.9M
Free cash flow margin4.5%18.5%
Earnings per share (diluted)$0.90$0.27
Cash$211.2M$81.2M
Debt$779.6M$33.7M
Price to earningsn/a11.7
Market value$1.5B$387.6M
Dividend yieldn/an/a
Rank by revenue in sector#51 of 93 · Consumer staples#74 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: $1.5BVFF FY2018: $150MVFF FY2019: $144.6MVFF FY2020: $170.1MVFF FY2021: $268MVFF FY2021: $293.6MVFF FY2023: $163.1MVFF FY2024: $195.9MVFF FY2025: $215.9MFY17FY18FY19FY20FY21FY22FY23FY24FY25
AGRO $1.5BVFF $215.9M
Net income
AGRO FY2017: $13.2MAGRO FY2018: -$24.6MAGRO FY2019: -$772KAGRO FY2020: $412KAGRO FY2021: $130.7MAGRO FY2022: $108.1MAGRO FY2023: $226.3MAGRO FY2024: $92.3MVFF FY2018: -$7.5MVFF FY2019: $2.3MVFF FY2020: $11.6MVFF FY2021: -$9.1MVFF FY2021: -$101.1MVFF FY2023: -$34.8MVFF FY2024: -$35.9MVFF FY2025: $32.4MFY17FY18FY19FY20FY21FY22FY23FY24FY25
AGRO $92.3MVFF $32.4M
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%VFF FY2018: -5.0%VFF FY2019: 1.6%VFF FY2020: 6.8%VFF FY2021: -3.4%VFF FY2021: -34.5%VFF FY2023: -21.3%VFF FY2024: -18.3%VFF FY2025: 15.0%FY17FY18FY19FY20FY21FY22FY23FY24FY25
AGRO 6.1%VFF 15.0%
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%VFF FY2019: -3.6%VFF FY2020: +17.7%VFF FY2021: +57.6%VFF FY2021: +9.5%VFF FY2023: -44.4%VFF FY2024: +20.1%VFF FY2025: +10.2%FY18FY19FY20FY21FY22FY23FY24FY25
AGRO +16.9%VFF +10.2%
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: $68.1MVFF FY2018: -$7.8MVFF FY2019: -$16.7MVFF FY2020: $2.3MVFF FY2021: -$61.2MVFF FY2021: -$34.2MVFF FY2023: $1.7MVFF FY2024: $3.2MVFF FY2025: $39.9MFY17FY18FY19FY20FY21FY22FY23FY24FY25
AGRO $68.1MVFF $39.9M

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

Questions about Adecoagro and Village Farms International

Which is bigger by revenue, Adecoagro or Village Farms International?

Adecoagro is bigger by revenue: $1.5B in fiscal 2024, against $215.9M for Village Farms International in fiscal 2025.

Which keeps more of its revenue as profit, Adecoagro or Village Farms International?

Adecoagro had a net margin of 6.1% in fiscal 2024; Village Farms International had 15.0% in fiscal 2025.

Which grew revenue faster, Adecoagro or Village Farms International?

In their latest fiscal years revenue changed by +16.9% at Adecoagro and +10.2% at Village Farms International.

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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