What is Farmers Merchant's earnings per share (EPS)?

Farmers Merchant (FMCB) reported diluted earnings per share of $133.96 for fiscal year 2025. This represents a 10.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Farmers Merchant (FMCB) Financials

FMCB

Trailing 12 months to June 30, 2026

Revenue $249.7M +7.4% YoY

Net Income $96.3M +7.0% YoY

EPS (Diluted) $139.94 +10.3% YoY

Free Cash Flow $99.6M -5.0% YoY

Market Cap $985.7M as of Sep 11, 2026

Price / Sales 3.9x on $249.7M revenue, trailing 12 months to June 30, 2026

Price / Earnings 10.2x on $96.3M net income, trailing 12 months to June 30, 2026

Price / Book 1.5x on $679.0M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 7, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FMCB SEC filings page.

Farmers Merchant (FMCB) reported $249.7M in revenue over the twelve months to Jun 30, 2026, up 7.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FMCB FY2025 2026-09-05

Equity is absorbing balance-sheet growth, steadily reducing leverage while earnings remain consistently cash-generative for this bank.

Debt-to-equity fell from 10.2x in FY2021 to 7.8x in FY2025, so expansion has become less dependent on liabilities relative to the capital base. Over the same span, ROA improved from 1.3% to 1.7%, meaning the larger balance sheet is producing more earnings per asset dollar even as return on equity remained broadly stable.

FY2025 operating cash flow of $104.2M exceeded net income of $93.6M, while free cash flow remained close to operating cash flow. That alignment indicates accounting earnings are translating into cash after reinvestment, rather than being mainly a non-cash result.

Revenue slipped to $227.4M in FY2024 before reaching $242.8M in FY2025, but the more important pattern is earnings continuity. Net income rose from $88.5M to $93.6M, suggesting profitability did not require uninterrupted top-line expansion.

Financial Health Signals

Financial health score not available

Farmers Merchant does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

5/6

Farmers Merchant passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.11x

For every $1 of reported earnings, Farmers Merchant generates $1.11 in operating cash flow ($104.2M OCF vs $93.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$62.4M

YoY+5.0%

QoQ+0.5%

5Y CAGR+6.8%

10Y CAGR+9.0%

Farmers Merchant generated $62.4M in revenue in Q2 2026. This represents an increase of 5.0% from the same quarter a year earlier. Against the prior quarter it is up 0.5%.

Net Income

$24.7M

YoY+7.3%

QoQ+2.7%

5Y CAGR+8.9%

10Y CAGR+12.9%

Farmers Merchant reported $24.7M in net income in Q2 2026. This represents an increase of 7.3% from the same quarter a year earlier. Against the prior quarter it is up 2.7%.

EPS (Diluted)

$36.39

YoY+10.5%

QoQ+3.0%

5Y CAGR+12.2%

Farmers Merchant earned $36.39 per diluted share (EPS) in Q2 2026. This represents an increase of 10.5% from the same quarter a year earlier. Against the prior quarter it is up 3.0%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$29.5M

YoY+56.4%

QoQ-5.4%

10Y CAGR+23.3%

Farmers Merchant generated $29.5M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 56.4% from the same quarter a year earlier. Against the prior quarter it is down 5.4%.

Cash & Debt

$278.6M

YoY-4.5%

QoQ-27.5%

5Y CAGR-19.7%

10Y CAGR+14.9%

Farmers Merchant held $278.6M in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share

$5.35

YoY-42.5%

QoQ+4.9%

Farmers Merchant paid $5.35 per share in dividends in Q2 2026. This represents a decrease of 42.5% from the same quarter a year earlier. Against the prior quarter it is up 4.9%.

Shares Outstanding

691,944

YoY-4.2%

QoQ0.0%

5Y CAGR-2.6%

10Y CAGR-1.3%

Farmers Merchant had 691,944 shares outstanding in Q2 2026. This represents a decrease of 4.2% from the same quarter a year earlier. It is unchanged from the prior quarter.

Margins & Returns

Net Margin

39.6%

YoY+0.8pp

QoQ+0.8pp

5Y change+3.7pp

10Y change+11.7pp

Farmers Merchant's net profit margin was 39.6% in Q2 2026, showing the share of revenue converted to profit. This is up 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.8 percentage points.

Return on Equity

3.6%

YoY-0.1pp

QoQ0.0pp

5Y change0.0pp

10Y change+0.9pp

Farmers Merchant's ROE was 3.6% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

YoY-100.0%

Farmers Merchant repurchased no shares in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier.

Capital Expenditures

$3.5M

YoY+35.0%

QoQ-63.3%

5Y CAGR+66.1%

10Y CAGR+34.0%

Farmers Merchant invested $3.5M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 35.0% from the same quarter a year earlier. Against the prior quarter it is down 63.3%.

R&D Spending

Not reported for Q2 2026.

FMCB Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FMCB quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$249.7M	$242.8M+6.8%	$227.4M-1.3%	$230.3M+15.3%	$199.8M+9.8%	$182.0M+10.4%	$164.9M+4.5%	$157.8M+12.1%	$140.7M+12.5%	$125.1M+13.4%	$110.3M+8.9%	$101.3M+8.9%	$93.0M+3.9%	$89.6M+2.4%	$87.5M+0.9%	$86.7M
SG&A Expenses	$78.2M	$74.1M+2.3%	$72.5M+2.2%	$70.9M+10.3%	$64.3M+0.6%	$63.9M+12.1%	$57.0M+3.1%	$55.3M+10.4%	$50.1M+9.4%	$45.7M+9.0%	$42.0M+5.8%	$39.7M+8.9%	$36.4M+8.3%	$33.7M+6.4%	$31.6M+6.6%	$29.7M
Interest Expense	$60.1M	$60.3M-7.6%	$65.3M+70.2%	$38.4M+692.7%	$4.8M+11.7%	$4.3M-54.4%	$9.5M-28.1%	$13.2M+66.0%	$8.0M+26.4%	$6.3M+49.9%	$4.2M+26.2%	$3.3M+18.2%	$2.8M-2.7%	$2.9M-43.8%	$5.1M-35.5%	$8.0M
Income Tax	$34.9M	$35.2M+4.1%	$33.8M+19.6%	$28.2M+14.6%	$24.7M+12.1%	$22.0M+14.4%	$19.2M-0.3%	$19.3M+35.7%	$14.2M-45.6%	$26.1M+62.2%	$16.1M-4.9%	$16.9M+12.1%	$15.1M+6.1%	$14.2M+1.7%	$14.0M+10.6%	$12.6M
Net Income	$96.3M	$93.6M+5.8%	$88.5M+0.2%	$88.3M+17.6%	$75.1M+13.2%	$66.3M+12.9%	$58.7M+4.8%	$56.0M+23.1%	$45.5M+60.5%	$28.4M-4.6%	$29.7M+8.5%	$27.4M+7.8%	$25.4M+5.6%	$24.1M+3.0%	$23.3M+5.1%	$22.2M
EPS (Basic)	N/A	$134.96+11.5%	$121.02+3.8%	$116.61+20.8%	$96.55+14.9%	$84.01+13.5%	$74.03+4.0%	$71.18+25.3%	$56.82+62.2%	$35.03-6.4%	$37.44+7.5%	$34.82+6.7%	$32.64+5.5%	$30.93+3.1%	$29.99+5.3%	$28.49
EPS (Diluted)	$139.94	$133.96+10.7%	$121.02+3.8%	$116.61+20.8%	$96.55+14.9%	$84.01+13.5%	$74.03+4.0%	$71.18	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	698,768-4.4%	730,914-3.5%	757,336-2.6%	777,726-1.5%	789,646-0.5%	793,337+0.8%	787,227	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$62.4M+5.0%	$62.1M+6.7%	$63.0M+10.9%	$62.3M+6.9%	$59.4M+6.9%	$58.2M+2.4%	$56.8M+1.0%	$58.3M+2.1%
SG&A Expenses	$19.2M+4.3%	$20.4M+19.2%	$19.6M+9.6%	$18.9M-0.7%	$18.4M+2.4%	$17.1M-2.1%	$17.9M+10.7%	$19.0M+10.9%
Interest Expense	$15.1M-6.6%	$14.8M+5.8%	$15.0M+1.9%	$15.2M-8.8%	$16.2M-15.0%	$14.0M-6.2%	$14.7M+8.0%	$16.6M+35.6%
Income Tax	$9.0M+8.9%	$8.3M-11.0%	$8.6M+1.7%	$8.9M+6.2%	$8.3M-0.9%	$9.3M+9.4%	$8.5M+12.3%	$8.4M+11.3%
Net Income	$24.7M+7.3%	$24.1M+4.6%	$23.8M+9.0%	$23.7M+7.2%	$23.1M+5.9%	$23.0M+1.3%	$21.8M+2.0%	$22.1M+0.4%
EPS (Basic)	$36.77+11.2%	$35.91+9.2%	$34.78+11.8%	$34.24+14.3%	$33.06+12.5%	$32.88+7.6%	$31.11+9.0%	$29.96+2.5%
EPS (Diluted)	$36.39+10.5%	$35.34+7.5%	$34.29+10.2%	$33.92+13.2%	$32.94+12.1%	$32.86+7.5%	$31.11+9.0%	$29.96+2.5%
Diluted Shares (Avg)	679,560-2.9%	681,179-2.7%	N/A	699,211-5.3%	699,852-5.5%	700,215-5.8%	N/A	738,421-2.0%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

FMCB Balance Sheet

FMCB quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$5.7B+6.0%	$5.4B+1.2%	$5.3B-0.3%	$5.3B+2.9%	$5.2B+13.8%	$4.6B+22.3%	$3.7B+8.4%	$3.4B+11.7%	$3.1B+5.2%	$2.9B+11.7%	$2.6B+10.8%	$2.4B+13.7%	$2.1B+5.1%	$2.0B+2.9%	$1.9B
Cash & Equivalents	$144.9M-31.8%	$212.6M-48.2%	$410.6M-30.2%	$588.3M-17.8%	$715.5M+86.4%	$383.8M+30.2%	$294.8M+102.5%	$145.6M-22.2%	$187.1M+89.3%	$98.9M+66.3%	$59.4M-22.9%	$77.1M-7.8%	$83.7M-35.3%	$129.4M+27.3%	$101.7M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$11.2M0.0%	$11.2M0.0%	$11.2M0.0%	$11.2M0.0%	$11.2M0.0%	$11.2M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$5.0B+5.2%	$4.8B+0.8%	$4.8B-1.7%	$4.8B+2.7%	$4.7B+14.2%	$4.1B+23.1%	$3.4B+7.3%	$3.1B+12.5%	$2.8B+5.1%	$2.6B+11.8%	$2.4B+11.1%	$2.1B+14.0%	$1.9B+5.5%	$1.8B+2.3%	$1.7B
Total Equity	$645.5M+12.6%	$573.1M+4.2%	$549.8M+13.3%	$485.3M+4.8%	$463.1M+9.3%	$423.7M+14.7%	$369.3M+18.7%	$311.2M+3.9%	$299.7M+7.0%	$280.0M+11.2%	$251.8M+8.0%	$233.2M+11.1%	$209.9M+2.4%	$205.0M+8.3%	$189.3M
Retained Earnings	$669.3M+13.0%	$592.4M+12.8%	$525.4M+16.8%	$449.9M+16.2%	$387.3M+16.3%	$333.1M+16.4%	$286.0M+18.6%	$241.2M+16.6%	$206.8M+9.3%	$189.3M+11.3%	$170.1M+11.3%	$152.8M+11.3%	$137.3M+11.7%	$123.0M+12.8%	$109.1M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$5.8B+6.5%	$5.8B+2.8%	$5.7B+6.0%	$5.6B+3.9%	$5.5B+4.0%	$5.7B-0.6%	$5.4B+1.2%	$5.4B+0.8%
Cash & Equivalents	$278.6M-4.5%	$384.2M-36.7%	$144.9M-31.8%	$172.6M-41.2%	$291.8M-1.4%	$607.3M-17.8%	$212.6M-48.2%	$293.3M-56.1%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$11.2M0.0%	$11.2M0.0%	$11.2M0.0%	$11.2M0.0%	$11.2M0.0%	$11.2M0.0%	$11.2M0.0%	$11.2M0.0%
Total Liabilities	$5.2B+6.1%	$5.2B+2.0%	$5.0B+5.2%	$5.0B+3.5%	$4.9B+3.6%	$5.1B-1.4%	$4.8B+0.8%	$4.8B-0.6%
Total Equity	$679.0M+9.8%	$656.1M+8.9%	$645.5M+12.6%	$645.3M+7.1%	$618.5M+7.3%	$602.3M+6.6%	$573.1M+4.2%	$602.7M+13.6%
Retained Earnings	$710.7M+13.0%	$689.6M+12.2%	$669.3M+13.0%	$648.9M+10.8%	$628.8M+11.6%	$614.7M+12.2%	$592.4M+12.8%	$585.5M+14.7%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

FMCB Cash Flow Statement

FMCB quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$116.9M	$104.2M+0.4%	$103.7M+11.1%	$93.3M-8.3%	$101.8M+69.7%	$60.0M+3.2%	$58.1M-28.1%	$80.9M+40.0%	$57.8M+44.6%	$39.9M+14.7%	$34.8M-6.7%	$37.3M+41.3%	$26.4M-2.9%	$27.2M-14.3%	$31.7M+4.5%	$30.4M
Depreciation & Amortization	N/A	$3.1M+4.3%	$2.9M+17.9%	$2.5M+2.6%	$2.4M-7.8%	$2.6M-22.5%	$3.4M0.0%	$3.4M+40.2%	$2.4M+10.8%	$2.2M+15.3%	$1.9M+12.5%	$1.7M+27.2%	$1.3M-12.0%	$1.5M-11.6%	$1.7M-5.4%	$1.8M
Stock-Based Compensation	N/A	$11.6M	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	$17.3M	$7.6M+215.9%	$2.4M-51.7%	$5.0M+18.7%	$4.2M+102.5%	$2.1M-73.2%	$7.7M-50.4%	$15.5M+239.5%	$4.6M+7.6%	$4.3M+182.8%	$1.5M-44.8%	$2.7M-36.2%	$4.3M+164.8%	$1.6M+195.1%	$547K-67.0%	$1.7M
Free Cash Flow	$99.6M	$96.6M-4.7%	$101.3M+14.7%	$88.4M-9.4%	$97.6M+68.6%	$57.9M+14.8%	$50.4M-22.8%	$65.3M+22.8%	$53.2M+49.1%	$35.7M+7.2%	$33.3M-3.7%	$34.6M+56.3%	$22.1M-13.5%	$25.6M-17.9%	$31.2M+8.6%	$28.7M
Investing Cash Flow	-$412.0M	-$402.0M-46.4%	-$274.6M-87.4%	-$146.5M+53.5%	-$315.3M-6.5%	-$296.1M+59.8%	-$736.8M-443.2%	-$135.6M+33.9%	-$205.1M-149.5%	-$82.2M+55.7%	-$185.4M+28.2%	-$258.3M	N/A	-$148.9M-408.8%	-$29.3M+26.5%	-$39.8M
Financing Cash Flow	$282.0M	$230.1M+945.0%	-$27.2M+78.1%	-$124.4M-244.1%	$86.3M-84.8%	$567.8M-26.0%	$767.7M+276.4%	$204.0M+92.9%	$105.7M-19.0%	$130.5M-31.3%	$190.0M-6.5%	$203.3M	N/A	$75.9M+200.1%	$25.3M-49.9%	$50.5M
Dividends Paid	$14.6M	$13.8M+6.3%	$13.0M+1.0%	$12.9M+3.2%	$12.5M+3.4%	$12.1M+3.2%	$11.7M+4.3%	$11.2M+0.6%	$11.2M+1.5%	$11.0M+4.8%	$10.5M+3.2%	$10.2M+2.4%	$9.9M+2.0%	$9.7M+3.2%	$9.4M+2.8%	$9.2M
Share Buybacks	-$1K	$2.9M-93.5%	$45.3M+122.4%	$20.4M+0.2%	$20.3M	$0-100.0%	$2.8M	$0-100.0%	$31.2M	$0	$0	N/A	$0	$0-100.0%	$576K	$0

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$33.0M+53.8%	$40.7M+2.9%	$13.7M+3.7%	$29.5M-16.8%	$21.5M+5.6%	$39.5M+13.7%	$13.2M+1432.0%	$35.4M+26.6%
Depreciation & Amortization	$783K+2.1%	$756K-0.9%	$752K+0.8%	$781K+4.4%	$767K+3.0%	$763K+9.3%	$746K+13.4%	$748K+17.4%
Stock-Based Compensation	N/A	$3.5M+72.3%	N/A	N/A	N/A	$2.0M	N/A	N/A
Capital Expenditures	$3.5M+35.0%	$9.5M+1316.8%	$2.2M+126.2%	$2.1M+265.9%	$2.6M+497.5%	$673K+64.1%	$986K+105.8%	$569K-54.6%
Free Cash Flow	$29.5M+56.4%	$31.2M-19.8%	$11.5M-6.2%	$27.4M-21.4%	$18.9M-5.1%	$38.9M+13.1%	$12.2M+930.9%	$34.9M+30.4%
Investing Cash Flow	-$111.6M-3.1%	$70.4M-8.6%	-$103.9M-142.8%	-$266.9M-79.8%	-$108.3M-1212.1%	$77.0M+182.8%	-$42.8M+74.2%	-$148.5M-171.9%
Financing Cash Flow	-$27.0M+88.2%	$128.3M-53.9%	$62.5M+222.2%	$118.2M+7.1%	-$228.7M+51.6%	$278.1M-28.0%	-$51.1M+44.0%	$110.3M+2.2%
Dividends Paid	$3.6M-44.5%	$3.7M	$3.5M-46.6%	$3.9M	$6.5M	$0	$6.5M-1.4%	$0
Share Buybacks	$0-100.0%	$0-100.0%	$0-100.0%	-$1K-99.9%	$2.2M-35.9%	$711K-87.0%	$35.1M+785.0%	$1.3M-47.5%

FMCB Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FMCB quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Net Margin	38.6%-0.4pp	38.9%+0.6pp	38.4%+0.8pp	37.6%+1.1pp	36.4%+0.8pp	35.6%+0.1pp	35.5%+3.2pp	32.4%+9.7pp	22.7%-4.3pp	26.9%-0.1pp	27.0%-0.3pp	27.3%+0.4pp	26.9%+0.2pp	26.7%+1.1pp	25.6%
Return on Equity	14.5%-0.9pp	15.4%-0.6pp	16.1%+0.6pp	15.5%+1.2pp	14.3%+0.5pp	13.9%-1.3pp	15.2%+0.5pp	14.6%+5.2pp	9.5%-1.1pp	10.6%-0.3pp	10.9%0.0pp	10.9%-0.6pp	11.5%+0.1pp	11.4%-0.3pp	11.7%
Return on Assets	1.7%0.0pp	1.7%0.0pp	1.7%+0.3pp	1.4%+0.1pp	1.3%0.0pp	1.3%-0.2pp	1.5%+0.2pp	1.3%+0.4pp	0.9%-0.1pp	1.0%0.0pp	1.1%0.0pp	1.1%-0.1pp	1.2%0.0pp	1.2%0.0pp	1.2%
Debt-to-Equity	7.81-0.6x	8.37-0.3x	8.66-1.3x	9.98-0.2x	10.18+0.4x	9.74+0.7x	9.08-1.0x	10.04+0.8x	9.26-0.2x	9.44+0.1x	9.39+0.3x	9.12+0.2x	8.89+0.3x	8.63-0.5x	9.14
Asset Turnover	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.05
FCF Margin	39.8%-4.8pp	44.6%+6.2pp	38.4%-10.5pp	48.9%+17.0pp	31.8%+1.2pp	30.6%-10.8pp	41.4%+3.6pp	37.8%+9.3pp	28.5%-1.7pp	30.2%-4.0pp	34.2%+10.4pp	23.8%-4.8pp	28.6%-7.1pp	35.6%+2.5pp	33.1%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Net Margin	39.6%+0.8pp	38.8%-0.8pp	37.8%-0.6pp	38.1%+0.1pp	38.8%-0.4pp	39.6%-0.5pp	38.5%+0.4pp	38.0%-0.7pp
Return on Equity	3.6%-0.1pp	3.7%-0.1pp	3.7%-0.1pp	3.7%0.0pp	3.7%-0.1pp	3.8%-0.2pp	3.8%-0.1pp	3.7%-0.5pp
Return on Assets	0.4%0.0pp	0.4%0.0pp	0.4%0.0pp	0.4%0.0pp	0.4%0.0pp	0.4%0.0pp	0.4%0.0pp	0.4%0.0pp
Debt-to-Equity	7.59-0.3x	7.90-0.5x	7.81-0.6x	7.73-0.3x	7.86-0.3x	8.43-0.7x	8.37-0.3x	7.99-1.1x
Asset Turnover	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x
FCF Margin	47.3%+15.5pp	50.2%-16.6pp	18.2%-3.3pp	44.0%-15.8pp	31.8%-4.0pp	66.8%+6.3pp	21.5%+24.1pp	59.8%+13.0pp

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

Where Farmers Merchant Ranks

Frequently Asked Questions

What is Farmers Merchant's annual revenue?

Farmers Merchant (FMCB) reported $242.8M in total revenue for fiscal year 2025. This represents a 6.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Farmers Merchant's revenue growing?

Farmers Merchant (FMCB) revenue grew by 6.8% year-over-year, from $227.4M to $242.8M in fiscal year 2025.

Is Farmers Merchant profitable?

Yes, Farmers Merchant (FMCB) reported a net income of $93.6M in fiscal year 2025, with a net profit margin of 38.6%.

What is Farmers Merchant's net profit margin?

Farmers Merchant (FMCB) had a net profit margin of 38.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Farmers Merchant pay dividends?

Yes, Farmers Merchant (FMCB) paid $19.35 per share in dividends during fiscal year 2025.

What is Farmers Merchant's return on equity (ROE)?

Farmers Merchant (FMCB) has a return on equity of 14.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Farmers Merchant's free cash flow?

Farmers Merchant (FMCB) generated $96.6M in free cash flow during fiscal year 2025. This represents a -4.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Farmers Merchant's operating cash flow?

Farmers Merchant (FMCB) generated $104.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Farmers Merchant's total assets?

Farmers Merchant (FMCB) had $5.7B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Farmers Merchant's capital expenditures?

Farmers Merchant (FMCB) invested $7.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Farmers Merchant buy back shares?

Yes, Farmers Merchant (FMCB) spent $2.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Farmers Merchant have outstanding?

Farmers Merchant (FMCB) had 691,945 shares outstanding as of fiscal year 2025.

What is Farmers Merchant's debt-to-equity ratio?

Farmers Merchant (FMCB) had a debt-to-equity ratio of 7.81 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Farmers Merchant's return on assets (ROA)?

Farmers Merchant (FMCB) had a return on assets of 1.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Farmers Merchant's P/E ratio?

Farmers Merchant (FMCB) trades at 10.2x earnings, its market capitalization divided by net income of $96.3M net income, trailing 12 months to June 30, 2026. The market capitalization is $985.7M as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Farmers Merchant's price-to-sales ratio?

Farmers Merchant (FMCB) trades at 3.9x sales, its market capitalization divided by revenue of $249.7M revenue, trailing 12 months to June 30, 2026. The market capitalization is $985.7M as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Farmers Merchant's Piotroski F-Score?

Farmers Merchant (FMCB) has a Piotroski F-Score of 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Farmers Merchant's earnings high quality?

Farmers Merchant (FMCB) has an earnings quality ratio of 1.11x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.