Adecoagro vs Darling Ingredients
Darling Ingredients is the larger business, with $6.14bn of revenue in fiscal 2025 against $1.43bn for Adecoagro (4.3 times as much). Darling Ingredients grew faster (7.4% against -6.0%). Darling Ingredients kept more of each dollar of sales as profit: a net margin of 1.0% against -0.6%. Darling Ingredients carries less debt relative to equity (83.5% against 96.2%).
| Latest fiscal year | AdecoagroAGRO, 2025 | Darling IngredientsDAR, 2025 |
|---|---|---|
| Revenue | $1.43bn | $6.14bn |
| Revenue growth | -6.0% | 7.4% |
| Net income | −$8.3m | $62.8m |
| Operating margin | 6.6% | 4.5% |
| Net margin | -0.6% | 1.0% |
| Return on equity | -0.6% | 1.4% |
| Free cash flow | $44.4m | $679m |
| Cash | $383m | $88.7m |
| Total debt | $1.59bn | $3.96bn |
| Debt to equity | 96.2% | 83.5% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $10.2m | $34.7m |
| Employees | — | 15,000 |
| Market value | $976m | $8.58bn |
| Price vs our value range | — | Within our value range |
| Moat score | — | 54 (Moderate) |
| Insider trades, 12 months | 0 buys, 8 sales | 2 buys, 19 sales |