Adecoagro vs Ingredion
Ingredion is the larger business, with $7.22bn of revenue in fiscal 2025 against $1.43bn for Adecoagro (5.1 times as much). Ingredion grew faster (-2.8% against -6.0%). Ingredion kept more of each dollar of sales as profit: a net margin of 10.1% against -0.6%. Ingredion carries less debt relative to equity (41.9% against 96.2%).
| Latest fiscal year | AdecoagroAGRO, 2025 | IngredionINGR, 2025 |
|---|---|---|
| Revenue | $1.43bn | $7.22bn |
| Revenue growth | -6.0% | -2.8% |
| Net income | −$8.3m | $729m |
| Operating margin | 6.6% | 14.1% |
| Net margin | -0.6% | 10.1% |
| Return on equity | -0.6% | 18.0% |
| Free cash flow | $44.4m | $511m |
| Cash | $383m | $1.03bn |
| Total debt | $1.59bn | $1.79bn |
| Debt to equity | 96.2% | 41.9% |
| Dividend per share | — | — |
| Dividend yield | — | 3.3% |
| Share buybacks | $10.2m | — |
| Employees | — | 11,200 |
| Market value | $976m | $6.20bn |
| Price vs our value range | — | Below our value range |
| Moat score | — | 58 (Moderate) |
| Insider trades, 12 months | 0 buys, 8 sales | 0 buys, 9 sales |