Farmland Partners (FPI) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
58.2M
Gross Profit
46.9M
80.58%
Operating Income
25.5M
43.80%
Net Income
61.4M
105.54%
EPS (Diluted)
$1.06
Balance Sheet Metrics
Total Assets
868.6M
Total Liabilities
272.0M
Shareholders Equity
596.6M
Debt to Equity
0.46
Cash Flow Metrics
Operating Cash Flow
71.9M
Free Cash Flow
16.1M
Revenue & Profitability Trend
Farmland Partners Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 58.2M | 57.5M | 61.2M | 51.7M | 50.7M |
| Cost of Goods Sold | 11.3M | 13.4M | 14.2M | 8.9M | 10.7M |
| Gross Profit | 46.9M | 44.1M | 47.1M | 42.9M | 40.0M |
| Operating Expenses | 15.8M | 12.7M | 15.0M | 18.4M | 9.6M |
| Operating Income | 25.5M | 23.9M | 25.1M | 16.9M | 22.3M |
| Pre-tax Income | 61.4M | 31.5M | 12.2M | 10.3M | 7.5M |
| Income Tax | -16.0K | -166.0K | 227.0K | 0 | 0 |
| Net Income | 61.4M | 31.7M | 12.0M | 10.3M | 7.5M |
| EPS (Diluted) | $1.06 | $0.53 | $0.16 | -$0.17 | -$0.18 |
Income Statement Trend
Farmland Partners Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 139.7M | 49.5M | 42.8M | 48.2M | 37.7M |
| Non-Current Assets | 728.9M | 972.5M | 1.1B | 1.1B | 1.1B |
| Total Assets | 868.6M | 1.0B | 1.2B | 1.1B | 1.1B |
| Liabilities | |||||
| Current Liabilities | 68.1M | 29.9M | 18.7M | 16.7M | 15.2M |
| Non-Current Liabilities | 203.9M | 361.3M | 437.2M | 512.2M | 509.6M |
| Total Liabilities | 272.0M | 391.2M | 455.9M | 528.9M | 524.8M |
| Equity | |||||
| Total Shareholders Equity | 596.6M | 630.8M | 704.2M | 592.6M | 566.2M |
Balance Sheet Composition
Farmland Partners Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 61.4M | 31.7M | 12.0M | 10.3M | 7.5M |
| Operating Cash Flow | 71.9M | 43.7M | 19.0M | 16.6M | 19.5M |
| Investing Activities | |||||
| Capital Expenditures | 312.0M | 195.5M | 17.0M | 70.6M | 20.5M |
| Investing Cash Flow | 288.0M | 186.4M | -1.6M | 65.1M | 22.2M |
| Financing Activities | |||||
| Dividends Paid | -24.6M | -15.5M | -14.6M | -16.4M | -18.3M |
| Financing Cash Flow | -211.9M | -173.5M | 20.8M | 13.9M | -23.7M |
| Free Cash Flow | 16.1M | 12.9M | 17.1M | 7.9M | 19.7M |
Cash Flow Trend
Farmland Partners Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
10.63
Forward P/E
127.56
Price to Book
1.09
Price to Sales
9.58
PEG Ratio
127.56
Profitability Ratios
Profit Margin
107.15%
Operating Margin
37.63%
Return on Equity
10.20%
Return on Assets
1.74%
Financial Health
Current Ratio
1.45
Debt to Equity
34.12
Beta
0.88
Per Share Data
EPS (TTM)
$1.08
Book Value per Share
$10.50
Revenue per Share
$1.20
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| fpi | 541.8M | 10.63 | 1.09 | 10.20% | 107.15% | 34.12 |
| American Tower | 101.8B | 35.19 | 28.80 | 28.42% | 17.94% | 446.68 |
| Equinix | 87.1B | 93.29 | 6.27 | 7.06% | 10.52% | 141.24 |
| Uniti | 1.0B | 16.23 | -0.41 | -3.72% | 5.48% | -2.49 |
| Gladstone Land | 408.7M | - | 1.29 | 2.10% | 18.16% | 81.12 |
Financial data is updated regularly. All figures are in the company's reporting currency.