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BrasilAgro - Companhia Brasileira de Propriedades Agrícolas

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BrasilAgro - Companhia Brasileira de Propriedades Agrícolas • NYSE
$3.73 ▲ 3.46% (+0.13)
Market Cap $383.60 M
52w High $4.03
52w Low $3.47
Dividend Yield 0.12%
P/E 14.37
Volume 36.76K
Outstanding Shares 102.71M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $303.618M ▲ $104.722M ▲ $-64.275M ▼ -21.17% ▼ $-0.65 ▼ $-4.085M ▼
Q4-2025 $153.114M ▼ $30.218M ▲ $-19.625M ▼ -12.817% ▼ $-0.19 ▼ $-1.421M ▼
Q3-2025 $170.299M ▼ $28.751M ▼ $-1.093M ▼ -0.642% ▼ $-0.011 ▼ $58.355M ▼
Q2-2025 $452.574M ▼ $33.25M ▲ $97.457M ▼ 21.534% ▼ $0.95 ▼ $169.657M ▼
Q1-2025 $472.483M $30.499M $232.851M 49.282% $2.27 $230.358M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $236.222M ▲ $3.826B ▼ $1.722B ▲ $2.103B ▼
Q4-2025 $159.816M ▲ $3.837B ▼ $1.659B ▼ $2.178B ▲
Q3-2025 $81.221M ▲ $3.972B ▲ $1.802B ▲ $2.17B ▼
Q2-2025 $47.551M ▼ $3.94B ▲ $1.737B ▲ $2.203B ▼
Q1-2025 $180.754M $3.855B $1.585B $2.27B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-64.275M ▼ $126.187M ▼ $-45.625M ▲ $-4.471M ▲ $75.976M ▼ $110.434M ▼
Q4-2025 $61.281M ▲ $213.492M ▲ $-108.556M ▼ $-25.268M ▼ $78.797M ▲ $180.122M ▲
Q3-2025 $-1.094M ▲ $-46.583M ▼ $-5.344M ▲ $87.326M ▲ $35.89M ▲ $-56.769M ▼
Q2-2025 $-19.625M ▼ $11.636M ▲ $-11.136M ▲ $-130.555M ▼ $-129.615M ▼ $-1.297M ▲
Q1-2025 $97.457M $-2.704M $-18.181M $7.8M $-13.117M $-26.188M

Five-Year Company Overview

Income Statement

Income Statement Revenue and profits have been positive for several years, but they swing around quite a bit, which is typical for a land‑driven, commodity‑exposed business. The company moved from losses earlier in the period to solid profitability, then saw earnings ease back from peak levels. Margins have come down from their best years, suggesting that either land sales were less favorable, farming conditions were tougher, or costs have been harder to control recently. Overall, it still looks like a profitable business, but one where results can fluctuate meaningfully from year to year.

Balance Sheet

Balance Sheet The balance sheet looks reasonably solid and relatively stable over time. Total assets and shareholders’ equity have been steady, indicating no dramatic balance sheet expansion or contraction. Debt has crept up but remains at a level that appears manageable against the asset base. Cash holdings have been drawn down from earlier, more comfortable levels, which slightly reduces the financial cushion, but there is no obvious sign of balance sheet stress. The company appears to be operating with moderate leverage and a still‑sound capital structure.

Cash Flow

Cash Flow Operating cash flow has been consistently positive but not especially strong, which fits a business that reinvests in land development and depends partly on opportunistic asset sales. Free cash flow has also remained positive, although thin in recent years, after funding a modest but rising level of capital spending. This suggests the underlying operations can support ongoing investment, but there may be less room for large new initiatives without tapping external funding or monetizing more assets. Cash generation looks steady but somewhat tight, leaving less margin for error in weaker years.

Competitive Edge

Competitive Edge BrasilAgro occupies a distinctive niche: it is both a farming company and an agricultural real estate developer. Its edge comes from identifying underused land, upgrading it with infrastructure and technology, then benefiting from both crop production and land appreciation. A diversified portfolio across regions and crops helps spread climate and price risk. Strong governance standards and a clear, disciplined acquisition process add credibility. The main competitive risks are exposure to land price cycles, agricultural commodity volatility, and competition for attractive properties as more capital targets Brazilian agribusiness.

Innovation and R&D

Innovation and R&D The company appears to be an active adopter of advanced ag‑tech rather than a traditional farmer. It uses precision agriculture, drones, satellite imagery, integrated management systems, and sophisticated water and soil management to boost yields and land value. Significant spending on sustainable and regenerative practices, biological pest control, and carbon‑friendly farming could enhance both productivity and brand strength over time. Future value will depend on how well it continues to integrate new technologies like automation, AI, and low‑cost sensors, and whether these investments translate into more stable margins and higher land values.

Summary

BrasilAgro combines farming operations with a real‑estate‑style land development strategy, which can produce strong profits in good years but naturally leads to volatility as land sales and commodity prices ebb and flow. Financially, it appears profitable with a stable equity base, moderate debt, and consistently positive—though not abundant—cash generation. Its competitive strengths lie in specialized know‑how in transforming rural properties, disciplined governance, and heavy use of technology and sustainable practices. Key uncertainties revolve around agricultural cycles, climate and environmental risks, the timing and pricing of land transactions, and the ongoing ability to find and improve high‑potential properties at attractive terms.