Farmland Partners Inc. | Small-cap | Real Estate
$11.04
1.66%
| Farmland Partners Stock Comparison:
Farmland Partners vs American TowerFarmland Partners vs EquinixFarmland Partners vs UnitiFarmland Partners vs Gladstone LandFarmland Partners vs Gladstone LandFarmland Partners vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 10.3M
Gross Profit 8.1M 79.09%
Operating Income 3.9M 37.63%
Net Income 2.1M 20.42%
EPS (Diluted) $0.03

Balance Sheet Metrics

Total Assets 810.5M
Total Liabilities 218.5M
Shareholders Equity 591.9M
Debt to Equity 0.37

Cash Flow Metrics

Operating Cash Flow 10.6M
Free Cash Flow 6.4M

Revenue & Profitability Trend

Farmland Partners Income Statement From 2020 to 2024

Metric20242023202220212020
Revenue i58.2M57.5M61.2M51.7M50.7M
Cost of Goods Sold i11.3M13.4M14.2M8.9M10.7M
Gross Profit i46.9M44.1M47.1M42.9M40.0M
Gross Margin % i80.6%76.7%76.9%82.9%78.8%
Operating Expenses
Research & Development i-----
Selling, General & Administrative i15.7M12.6M14.9M18.4M9.6M
Other Operating Expenses i103.0K144.0K130.0K31.0K2.0K
Total Operating Expenses i15.8M12.7M15.0M18.4M9.6M
Operating Income i25.5M23.9M25.1M16.9M22.3M
Operating Margin % i43.8%41.5%41.0%32.6%44.1%
Non-Operating Items
Interest Income i-----
Interest Expense i18.9M22.7M16.1M15.9M17.7M
Other Non-Operating Income54.8M30.3M3.2M9.3M2.9M
Pre-tax Income i61.4M31.5M12.2M10.3M7.5M
Income Tax i-16.0K-166.0K227.0K00
Effective Tax Rate % i-0.0%-0.5%1.9%0.0%0.0%
Net Income i61.4M31.7M12.0M10.3M7.5M
Net Margin % i105.5%55.1%19.5%19.8%14.9%
Key Metrics
EBITDA i32.5M31.4M32.8M24.6M30.2M
EPS (Basic) i$1.19$0.55$0.16$-0.17$-0.18
EPS (Diluted) i$1.06$0.53$0.16$-0.17$-0.18
Basic Shares Outstanding i4754600050243000509530003464100029376000
Diluted Shares Outstanding i4754600050243000509530003464100029376000

Income Statement Trend

Farmland Partners Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets
Cash & Equivalents i78.4M5.5M7.7M30.2M27.2M
Short-term Investments i-----
Accounts Receivable i3.2M7.7M7.1M4.9M4.1M
Inventory i2.7M2.3M2.8M3.1M1.1M
Other Current Assets-2.4M3.2M3.4M2.9M
Total Current Assets i139.7M49.5M42.8M48.2M37.7M
Non-Current Assets
Property, Plant & Equipment i194.0K399.0K325.0K107.0K93.0K
Goodwill i6.8M7.4M7.5M7.3M0
Intangible Assets i1.4M2.0M2.1M1.9M-
Long-term Investments498.0K1.7M2.1M0-
Other Non-Current Assets2.2M063.0K40.0K87.0K
Total Non-Current Assets i728.9M972.5M1.1B1.1B1.1B
Total Assets i868.6M1.0B1.2B1.1B1.1B
Liabilities
Current Liabilities
Accounts Payable i-----
Short-term Debt i-----
Current Portion of Long-term Debt-----
Other Current Liabilities-----
Total Current Liabilities i68.1M29.9M18.7M16.7M15.2M
Non-Current Liabilities
Long-term Debt i203.9M361.3M437.2M511.4M506.7M
Deferred Tax Liabilities i-----
Other Non-Current Liabilities-----
Total Non-Current Liabilities i203.9M361.3M437.2M512.2M509.6M
Total Liabilities i272.0M391.2M455.9M528.9M524.8M
Equity
Common Stock i459.0K466.0K531.0K444.0K297.0K
Retained Earnings i-72.1M-64.5M-70.4M-66.6M-53.7M
Treasury Stock i-----
Other Equity-----
Total Shareholders Equity i596.6M630.8M704.2M592.6M566.2M
Key Metrics
Total Debt i203.9M361.3M437.2M511.4M506.7M
Working Capital i71.5M19.6M24.1M31.5M22.5M

Balance Sheet Composition

Farmland Partners Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income i61.4M31.7M12.0M10.3M7.5M
Depreciation & Amortization i5.6M7.5M7.0M7.6M8.0M
Stock-Based Compensation i2.3M1.9M1.9M1.3M1.1M
Working Capital Changes i3.4M2.0M-2.3M-3.5M2.1M
Operating Cash Flow i71.9M43.7M19.0M16.6M19.5M
Investing Activities
Capital Expenditures i312.0M195.5M17.0M70.6M20.5M
Acquisitions i-0-705.0K-1.8M0
Investment Purchases i-----
Investment Sales i-----
Investing Cash Flow i288.0M186.4M-1.6M65.1M22.2M
Financing Activities
Share Repurchases i-27.5M-80.7M-10.2M-650.0K-9.9M
Dividends Paid i-24.6M-15.5M-14.6M-16.4M-18.3M
Debt Issuance i81.0M79.5M223.0M41.1M54.4M
Debt Repayment i-239.5M-155.9M-296.9M-35.9M-59.0M
Financing Cash Flow i-211.9M-173.5M20.8M13.9M-23.7M
Free Cash Flow i16.1M12.9M17.1M7.9M19.7M
Net Change in Cash i148.0M56.6M38.2M95.6M18.0M

Cash Flow Trend

Farmland Partners Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 8.39
Forward P/E 120.22
Price to Book 1.02
Price to Sales 8.84
PEG Ratio -0.02

Profitability Ratios

Profit Margin 127.60%
Operating Margin 26.98%
Return on Equity 12.04%
Return on Assets 1.64%

Financial Health

Current Ratio 0.86
Debt to Equity 33.69
Beta 0.87

Per Share Data

EPS (TTM) $1.29
Book Value per Share $10.58
Revenue per Share $1.19

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
fpi486.0M8.391.0212.04%127.60%33.69
American Tower 98.2B39.2826.4524.28%12.60%431.47
Equinix 75.7B76.355.377.51%11.13%154.90
Uniti 1.5B48.08--3.72%2.99%-2.52
Gladstone Land 408.1M-1.351.13%10.70%83.17
Gladstone Land 321.3M281.200.481.13%10.70%83.17

Financial data is updated regularly. All figures are in the company's reporting currency.