What is Farmland Partners Inc.'s earnings per share (EPS)?

Farmland Partners Inc. (FPI) reported diluted earnings per share of $0.61 for fiscal year 2025. This represents a -42.5% 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.

Farmland Partners Inc. (FPI) Financials

FPI

Trailing 12 months to June 30, 2026

Revenue $51.5M -6.4% YoY

Net Income $25.7M -62.8% YoY

EPS (Diluted) $0.51 -58.5% YoY

Operating Cash Flow $18.4M +26.9% YoY

Market Cap $447.2M as of Oct 23, 2026

Price / Sales 8.7x on $51.5M revenue, trailing 12 months to June 30, 2026

Price / Earnings 17.4x on $25.7M net income, trailing 12 months to June 30, 2026

Price / Book 1.0x on $463.1M 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 Oct 23, 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 Jul 30, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FPI SEC filings page.

Farmland Partners Inc. (FPI) reported $51.5M in revenue over the twelve months to Jun 30, 2026, down 6.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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 FPI FY2025 2026-10-24

Farmland Partners is shrinking its asset base while reducing debt, yet reported earnings remain more volatile than operating cash generation.

In FY2025, net income fell 47.3% from FY2024 even as operating cash flow rose 8.0%; this divergence shows accounting earnings and cash generation are moving on different tracks. It makes reported profit a less reliable near-term guide to cash produced.

By FY2025, liabilities were $181M and long-term debt was $162M, making financing less dependent on borrowed capital. Debt-to-equity fell from 0.4x in FY2024 to 0.3x in FY2025. Assets also fell 17.3%, so lower leverage reflects a smaller balance sheet as well as less debt; this is balance-sheet contraction alongside deleveraging, not leverage improvement from growth alone.

Operating cash flow was $17.4M against net income of $31.5M, so accounting earnings did not translate one-for-one into cash. Dividends paid reached $63.7M, exceeding that year's operating cash flow; distributions were therefore not funded by operations alone.

Financial Health Signals

Financial Health Score (4 of 6 dimensions) 70/100

Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Farmland Partners Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin

FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. Farmland Partners Inc. scores 99/100 on it among other REITs.

FFO Growth

FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. Farmland Partners Inc. scores 61/100 on it among other REITs.

Leverage

n/a

Not available for Farmland Partners Inc., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.

Interest Cov.

n/a

Not available for Farmland Partners Inc., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.

AFFO Margin

100

AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. Farmland Partners Inc. scores 100/100 on it among other REITs.

Dividend Cov.

Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. Farmland Partners Inc. scores 20/100 on it among other REITs.

Piotroski F-Score Partial

5/7

Farmland Partners Inc. passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.

Earnings Quality Mixed

0.55x

For every $1 of reported earnings, Farmland Partners Inc. generates $0.55 in operating cash flow ($17.4M OCF vs $31.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$9.4M

YoY-5.7%

QoQ-7.0%

5Y CAGR-1.3%

10Y CAGR+4.5%

Farmland Partners Inc. generated $9.4M in revenue in Q2 2026. This represents a decrease of 5.7% from the same quarter a year earlier. Against the prior quarter it is down 7.0%.

Net Income

$3.1M

YoY-59.1%

QoQ+385.9%

5Y CAGRn/m

Farmland Partners Inc. reported $3.1M in net income in Q2 2026. This represents a decrease of 59.1% from the same quarter a year earlier. Against the prior quarter it is up 385.9%.

EPS (Diluted)

$0.07

YoY-50.0%

QoQ+600.0%

Farmland Partners Inc. earned $0.07 per diluted share (EPS) in Q2 2026. This represents a decrease of 50.0% from the same quarter a year earlier. Against the prior quarter it is up 600.0%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$11.4M

YoY-77.6%

QoQ-35.6%

5Y CAGR-22.2%

10Y CAGR-9.9%

Farmland Partners Inc. held $11.4M in cash against $224.8M in long-term debt as of Q2 2026.

Dividends Per Share

$0.09

YoY+50.0%

QoQ0.0%

Farmland Partners Inc. paid $0.09 per share in dividends in Q2 2026. This represents an increase of 50.0% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

44M

YoY-1.2%

QoQ0.0%

Farmland Partners Inc. had 44M shares outstanding in Q2 2026. This represents a decrease of 1.2% from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Net Margin

33.1%

YoY-43.2pp

QoQ+26.8pp

5Y change+60.4pp

Farmland Partners Inc.'s net profit margin was 33.1% in Q2 2026, showing the share of revenue converted to profit. This is down 43.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 26.8 percentage points.

Return on Equity

0.7%

YoY-0.9pp

QoQ+0.5pp

5Y change+1.5pp

Farmland Partners Inc.'s quarterly ROE was 0.7% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is down 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.5 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

FPI 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.

FPI 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
Revenue	$51.5M	$52.2M-10.4%	$58.2M+1.3%	$57.5M-6.1%	$61.2M+18.3%	$51.7M+2.1%	$50.7M-5.4%	$53.6M-4.5%	$56.1M+21.3%	$46.2M+49.1%	$31.0M+125.4%	$13.8M+226.1%	$4.2M+79.5%	$2.4M+10.7%	$2.1M
SG&A Expenses	$10.4M	$11.7M-16.7%	$14.1M+24.8%	$11.3M-6.1%	$12.0M+46.3%	$8.2M+39.2%	$5.9M-3.4%	$6.1M-17.0%	$7.4M+1.3%	$7.3M+3.3%	$7.0M+67.5%	$4.2M+84.3%	$2.3M+1366.5%	$155K+209.9%	$50K
Operating Income	N/A	N/A	N/A	N/A	$25.0M+48.5%	$16.8M-24.7%	$22.3M-15.2%	$26.3M-11.3%	$29.7M+31.8%	$22.5M+44.1%	$15.6M+151.4%	$6.2M+1016.2%	$557K-59.5%	$1.4M-21.3%	$1.7M
EBITDA	N/A	N/A	N/A	N/A	$31.9M+30.7%	$24.4M-19.3%	$30.3M-12.6%	$34.7M-9.4%	$38.2M+26.1%	$30.3M+76.4%	$17.2M+141.7%	$7.1M+702.5%	$886K-41.9%	$1.5M-18.6%	$1.9M
Interest Expense	$10.4M	$9.6M-48.9%	$18.9M-16.8%	$22.7M+40.4%	$16.1M+1.3%	$15.9M-9.9%	$17.7M-9.8%	$19.6M+4.2%	$18.8M+38.6%	$13.6M+36.2%	$10.0M+115.7%	$4.6M+236.4%	$1.4M+2.2%	$1.3M+15.5%	$1.2M
Income Tax	$7K	-$15Kn/m	-$16Kn/m	-$166K-173.1%	$227Kn/m	$0n/m	$0n/m	$0	N/A	N/A	$11K+10.0%	$10Kn/m	$0n/m	$0	N/A
Net Income	$25.7M	$31.5M-47.3%	$59.9M+93.8%	$30.9M+164.8%	$11.7M+16.8%	$10.0M+40.3%	$7.1M-48.7%	$13.9M+13.3%	$12.3M+54.8%	$7.9M+84.0%	$4.3M+250.6%	$1.2Mn/m	-$568K-1762.2%	$34K-94.2%	$586K
EPS (Basic)	N/A	$0.65-45.4%	$1.19+116.4%	$0.55+243.8%	$0.16n/m	-$0.17n/m	-$0.18-550.0%	$0.04n/m	-$0.01-133.3%	$0.03	$0.09	$0.08	-$0.15	N/A	N/A
EPS (Diluted)	$0.51	$0.61-42.5%	$1.06+100.0%	$0.53+231.3%	$0.16n/m	-$0.17n/m	-$0.18-550.0%	$0.04n/m	-$0.01-133.3%	$0.03	$0.09	$0.08	-$0.15	N/A	N/A
Diluted Shares (Avg)	N/A	51M-8.5%	56M-4.0%	58M+14.4%	51M+47.1%	35M+17.9%	29M-2.6%	30M-6.2%	32M+3.1%	31M	13M	10M	4M	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$9.4M-5.7%	$10.1M-1.5%	$20.7M-3.5%	$11.3M-15.5%	$10.0M-13.0%	$10.3M-14.5%	$21.5M-0.5%	$13.3M+14.6%
SG&A Expenses	$1.7M-29.9%	$1.9M-24.5%	$4.5M	$2.2M-14.8%	$2.4M-35.4%	$2.6M-2.9%	N/A	$2.6M-0.6%
Interest Expense	$3.1M+26.5%	$2.7M+3.1%	$2.3M	$2.3M-58.7%	$2.4M-53.6%	$2.6M-47.6%	N/A	$5.5M-11.8%
Income Tax	$24Kn/m	$7K-58.8%	-$16Kn/m	-$8K-172.7%	-$8Kn/m	$17K-10.5%	-$45K-475.0%	$11Kn/m
Net Income	$3.1M-59.1%	$640K-68.6%	$21.4M-62.8%	$483K-73.1%	$7.6Mn/m	$2.0M+48.5%	$57.6M+249.2%	$1.8M-57.4%
EPS (Basic)	$0.07-53.3%	$0.01-66.7%	$0.47-61.5%	$0.00-100.0%	$0.15	$0.03	$1.22+248.6%	$0.02-71.4%
EPS (Diluted)	$0.07-50.0%	$0.01-66.7%	$0.43-58.7%	$0.00-100.0%	$0.14	$0.03	$1.04+246.7%	$0.02-71.4%
Diluted Shares (Avg)	43M-19.7%	43M-5.2%	N/A	43M-9.7%	54M	46M	55M-1.0%	48M-1.2%

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

FPI Balance Sheet

FPI 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
Total Assets	$719.1M-17.3%	$869.6M-14.9%	$1.0B-11.9%	$1.2B+3.4%	$1.1B+2.8%	$1.1B-1.0%	$1.1B-3.2%	$1.1B-2.3%	$1.2B+77.9%	$655.5M+90.0%	$345.0M+71.9%	$200.7M+405.8%	$39.7M	N/A
Cash & Equivalents	$9.3M-88.2%	$78.4M+1329.1%	$5.5M-28.3%	$7.7M-74.6%	$30.2M+10.9%	$27.2M+116.7%	$12.6M-25.6%	$16.9M-68.4%	$53.5M+13.5%	$47.2M+100.6%	$23.5M-30.3%	$33.7M+187322.2%	$18K-58.1%	$43K
Accounts Receivable	$4.4M+2.8%	$4.3M-44.6%	$7.7M+9.8%	$7.1M+44.0%	$4.9M+18.9%	$4.1M-25.3%	$5.5M-10.1%	$6.1M-7.7%	$6.7M+59.1%	$4.2M+494.7%	$703K+108.7%	$337K+2518.5%	$13K	N/A
Goodwill	N/A	$2.7M0.0%	$2.7M0.0%	$2.7M0.0%	$2.7M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$181.1M-33.7%	$273.1M-30.2%	$391.2M-14.2%	$455.9M-13.8%	$528.9M-32.6%	$785.1M-0.5%	$789.0M-1.4%	$800.2M+0.6%	$795.1M+148.5%	$320.0M+62.7%	$196.7M+68.0%	$117.1M+163.9%	$44.4M	N/A
Long-Term Debt	$161.6M-21.0%	$204.6M-43.7%	$363.1M-17.4%	$439.5M-14.4%	$513.4M+1.0%	$508.2M-0.9%	$512.9M-2.4%	$525.3M+1.8%	$515.8M+66.5%	$309.9M+65.5%	$187.2M+64.4%	$113.9M	N/A	N/A
Total Equity	$467.4M-5.5%	$494.6M-6.5%	$528.8M-11.0%	$594.0M+25.8%	$472.1M+54.3%	$305.9M-2.4%	$313.5M-7.6%	$339.3M-8.5%	$371.0M+72.1%	$215.6M+55.6%	$138.5M+65.9%	$83.5M+8352600.0%	$1K-99.7%	$333K
Retained Earnings	$117.3M+32.8%	$88.4M+181.3%	$31.4M+780.6%	$3.6Mn/m	-$4.7M-557.0%	$1.0M-83.4%	$6.3M+28.8%	$4.9M-6.0%	$5.2M+25.8%	$4.1M+522.6%	$659Kn/m	-$568K	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$699.8M-9.9%	$711.7M-12.2%	$719.1M-17.3%	$738.5M-28.1%	$776.7M-24.5%	$810.5M-21.4%	$869.6M-14.9%	$1.0B-3.9%
Cash & Equivalents	$11.4M-77.6%	$17.7M-18.1%	$9.3M-88.2%	$13.5M+66.5%	$51.1M+788.8%	$21.6M+247.6%	$78.4M+1329.1%	$8.1M+33.6%
Accounts Receivable	$2.9M+508.5%	$2.3M-16.6%	$4.4M+2.8%	$5.8M-36.2%	$470K-58.3%	$2.8M+58.4%	$4.3M-44.6%	$9.0M+60.9%
Goodwill	N/A	N/A	N/A	$2.7M0.0%	$2.7M0.0%	$2.7M0.0%	$2.7M0.0%	$2.7M0.0%
Total Liabilities	$236.7M+16.8%	$248.2M+13.6%	$181.1M-33.7%	$180.2M-55.7%	$202.7M-50.1%	$218.5M-46.0%	$273.1M-30.2%	$406.5M-7.3%
Long-Term Debt	$224.8M+16.2%	$232.8M+14.9%	$161.6M-21.0%	$170.4M-56.7%	$193.4M-50.8%	$202.6M-47.1%	$204.6M-43.7%	$394.0M-6.8%
Total Equity	$463.1M-2.2%	$463.5M-5.8%	$467.4M-5.5%	$457.3M-12.0%	$473.5M-9.2%	$492.2M-6.5%	$494.6M-6.5%	$519.4M-1.8%
Retained Earnings	$120.9M+25.2%	$117.8M+31.3%	$117.3M+32.8%	$96.4M+217.7%	$96.5M+229.4%	$89.6M+179.8%	$88.4M+181.3%	$30.3M+104.6%

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

FPI Cash Flow Statement

FPI 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
Operating Cash Flow	$18.4M	$17.4M+8.0%	$16.1M+25.3%	$12.9M-24.4%	$17.1M+117.0%	$7.9M-60.2%	$19.7M+9.6%	$18.0M-10.0%	$20.0M+2053.2%	$929K-81.6%	$5.0M-34.5%	$7.7M+331.6%	$1.8M+7449.0%	$24K-97.0%	$775K
Depreciation & Amortization	N/A	$4.2M-25.4%	$5.6M-25.5%	$7.5M+7.7%	$7.0M-8.8%	$7.6M-4.3%	$8.0M-4.2%	$8.3M-2.6%	$8.5M+9.7%	$7.8M+401.4%	$1.6M+74.0%	$893K+171.4%	$329K+121.5%	$149K+19.2%	$125K
Stock-Based Compensation	N/A	$2.2M-8.1%	$2.3M+26.6%	$1.9M+21.7%	$1.5M+20.6%	$1.3M+19.2%	$1.1M-25.8%	$1.4M-13.4%	$1.6M+18.5%	$1.4M+13.7%	$1.2M+29.9%	$942K+38.3%	$681K	N/A	N/A
Investing Cash Flow	$16.8M	$63.4M-76.4%	$268.8M+69.6%	$158.5Mn/m	-$60.4Mn/m	-$18.8M-200.5%	$18.7M-39.9%	$31.1Mn/m	-$15.9Mn/m	-$234.1Mn/m	-$137.4Mn/m	-$119.7M	N/A	N/A	N/A
Financing Cash Flow	-$74.9M	-$150.0Mn/m	-$211.9Mn/m	-$173.5M-933.0%	$20.8M+50.2%	$13.9Mn/m	-$23.7Mn/m	-$53.4Mn/m	-$40.8M-117.0%	$239.5M+53.5%	$156.0M+53.3%	$101.8M	N/A	N/A	N/A
Dividends Paid	$21.0M	$63.7M+194.7%	$21.6M+76.2%	$12.3M+10.3%	$11.1M+74.9%	$6.4M+7.0%	$5.9M-3.8%	$6.2M-57.2%	$14.4M-1.7%	$14.7M+122.5%	$6.6M+49.1%	$4.4M+169.7%	$1.6M	N/A	N/A
Share Buybacks	N/A	$37.8M+37.4%	$27.5M-61.8%	$72.2M	N/A	N/A	$6.8M-69.0%	$22.0M+6.8%	$20.6M+106.0%	$10.0M	N/A	$21K+2000.0%	$1K	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	-$3.1Mn/m	$8.2M+29.5%	$15.2M+4.0%	-$2.0Mn/m	-$2.2Mn/m	$6.4M-46.5%	$14.6M+104.2%	-$4.3Mn/m
Depreciation & Amortization	$905K-19.9%	$910K-22.4%	$927K-26.6%	$938K-33.7%	$1.1M-21.0%	$1.2M-20.8%	$1.3M-20.8%	$1.4M-25.7%
Stock-Based Compensation	N/A	$468K-9.8%	N/A	N/A	N/A	$519K+5.7%	N/A	N/A
Investing Cash Flow	$8.7M-87.1%	$12.0M+12039.4%	-$7.4M-102.7%	$3.5M-59.7%	$67.2Mn/m	$99Kn/m	$275.8M+368.3%	$8.7M-85.4%
Financing Cash Flow	-$12.0Mn/m	-$11.8Mn/m	-$12.0Mn/m	-$39.2Mn/m	-$35.6M-619.1%	-$63.3M-1994.6%	-$220.1Mn/m	-$2.1Mn/m
Dividends Paid	$4.0M+14.9%	$11.2M-79.9%	$2.6M-10.5%	$3.2M-13.1%	$3.4M-7.0%	$55.7M+330.1%	$2.9M-0.3%	$3.7M-0.2%
Share Buybacks	N/A	N/A	$0	$13.6M	$23.5M	$741K	N/A	N/A

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

FPI 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.

FPI 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
Operating Margin	N/A	N/A	N/A	40.8%+8.3pp	32.5%-11.5pp	44.0%-5.1pp	49.2%-3.8pp	53.0%+4.2pp	48.7%-1.7pp	50.4%+5.2pp	45.2%+32.0pp	13.2%-45.4pp	58.6%-23.8pp	82.3%
Net Margin	60.5%	102.9%	53.8%+34.7pp	19.1%-0.2pp	19.3%+5.3pp	14.0%-11.9pp	25.9%+4.1pp	21.9%+4.7pp	17.1%+3.2pp	13.9%+5.0pp	8.9%+22.4pp	-13.5%-14.9pp	1.5%-26.2pp	27.6%
Return on Equity	6.8%-5.4pp	12.1%+6.3pp	5.9%+3.9pp	2.0%-0.2pp	2.1%-0.2pp	2.3%-2.1pp	4.4%+0.8pp	3.6%+1.5pp	2.1%+0.1pp	2.0%+1.1pp	0.9%+1.6pp	-0.7%-3417.9pp	3417.2%+3241.3pp	175.9%
Return on Assets	4.4%-2.5pp	6.9%+3.9pp	3.0%+2.0pp	1.0%+0.1pp	0.9%+0.2pp	0.7%-0.6pp	1.3%+0.2pp	1.1%+0.4pp	0.7%0.0pp	0.7%+0.3pp	0.4%+0.6pp	-0.3%-0.4pp	0.1%	N/A
Debt-to-Equity	0.35-0.1x	0.41-0.3x	0.69-0.1x	0.74-0.3x	1.09-0.6x	1.660.0x	1.64+0.1x	1.55+0.2x	1.390.0x	1.44+0.1x	1.350.0x	1.36	N/A	N/A
Liabilities-to-Equity	0.39-0.2x	0.55-0.2x	0.740.0x	0.77-0.4x	1.12-1.4x	2.570.0x	2.52+0.2x	2.36+0.2x	2.14+0.7x	1.48+0.1x	1.420.0x	1.40-44391.2x	44392.60	N/A
Asset Turnover	0.070.0x	0.070.0x	0.060.0x	0.050.0x	0.050.0x	0.050.0x	0.050.0x	0.050.0x	0.040.0x	0.050.0x	0.040.0x	0.020.0x	0.06	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Net Margin	33.1%-43.2pp	6.3%-13.6pp	103.4%	4.3%-9.2pp	76.3%+93.8pp	19.9%+8.4pp	268.1%	13.5%-22.8pp
Return on Equity	0.7%-0.9pp	0.1%-0.3pp	4.6%-7.1pp	0.1%-0.2pp	1.6%+2.0pp	0.4%+0.2pp	11.6%+8.5pp	0.4%-0.5pp
Return on Assets	0.4%-0.5pp	0.1%-0.2pp	3.0%-3.6pp	0.1%-0.1pp	1.0%+1.2pp	0.3%+0.1pp	6.6%+5.0pp	0.2%-0.2pp
Debt-to-Equity	0.49+0.1x	0.50+0.1x	0.35-0.1x	0.37-0.4x	0.41-0.3x	0.41-0.3x	0.41-0.3x	0.760.0x
Liabilities-to-Equity	0.51+0.1x	0.54+0.1x	0.39-0.2x	0.39-0.4x	0.43-0.4x	0.44-0.3x	0.55-0.2x	0.780.0x
Asset Turnover	0.010.0x	0.010.0x	0.030.0x	0.020.0x	0.010.0x	0.010.0x	0.020.0x	0.010.0x

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

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Farmland Partners Inc. FPI	FY2025	$52.2M	$31.5M	60.5%	$447.2M	70/100
Gladstone Land Corporation LAND	FY2025	$88.3M	$13.5M	15.3%	$382.6M	70/100
Uniti Group Inc. UNIT	FY2025	$2.2B	$1.3B	58.4%	$1.2B	65/100
EPR Properties EPR	FY2025	$718.4M	$274.9M	38.3%	$4.3B	62/100
Rayonier Inc. RYN	FY2025	$484.5M	$474.4M	97.9%	$5.5B	72/100
Global Self Storage, Inc. SELF	FY2025	$12.7M	$2.0M	16.0%	$55.7M	53/100

Where Farmland Partners Inc. Ranks

Frequently Asked Questions

What is Farmland Partners Inc.'s annual revenue?

Farmland Partners Inc. (FPI) reported $52.2M in total revenue for fiscal year 2025. This represents a -10.4% 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 Farmland Partners Inc.'s revenue growing?

Farmland Partners Inc. (FPI) revenue declined by 10.4% year-over-year, from $58.2M to $52.2M in fiscal year 2025.

Is Farmland Partners Inc. profitable?

Yes, Farmland Partners Inc. (FPI) reported a net income of $25.7M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $31.5M, with a net profit margin of 60.5%.

How much debt does Farmland Partners Inc. have?

As of fiscal year 2025, Farmland Partners Inc. (FPI) had $9.3M in cash and equivalents against $161.6M in long-term debt.

What is Farmland Partners Inc.'s net profit margin?

Farmland Partners Inc. (FPI) had a net profit margin of 60.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Farmland Partners Inc. pay dividends?

Yes, Farmland Partners Inc. (FPI) paid $0.44 per share in dividends during fiscal year 2025.

What is Farmland Partners Inc.'s return on equity (ROE)?

Farmland Partners Inc. (FPI) has a return on equity of 6.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Farmland Partners Inc.'s operating cash flow?

Farmland Partners Inc. (FPI) generated $17.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Farmland Partners Inc.'s total assets?

Farmland Partners Inc. (FPI) had $719.1M in total assets as of fiscal year 2025, including both current and long-term assets.

Does Farmland Partners Inc. buy back shares?

Yes, Farmland Partners Inc. (FPI) spent $37.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Farmland Partners Inc. have outstanding?

Farmland Partners Inc. (FPI) had 44M shares outstanding as of fiscal year 2025.

What is Farmland Partners Inc.'s debt-to-equity ratio?

Farmland Partners Inc. (FPI) had a debt-to-equity ratio of 0.35 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.

What is Farmland Partners Inc.'s liabilities-to-equity ratio?

Farmland Partners Inc. (FPI) had a liabilities-to-equity ratio of 0.39 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.

What is Farmland Partners Inc.'s return on assets (ROA)?

Farmland Partners Inc. (FPI) had a return on assets of 4.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Farmland Partners Inc.'s P/E ratio?

Farmland Partners Inc. (FPI) trades at 17.4x earnings, its market capitalization divided by $25.7M net income, trailing 12 months to June 30, 2026. The market capitalization is $447.2M as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Farmland Partners Inc.'s price-to-sales ratio?

Farmland Partners Inc. (FPI) trades at 8.7x sales, its market capitalization divided by $51.5M revenue, trailing 12 months to June 30, 2026. The market capitalization is $447.2M as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Farmland Partners Inc.'s Piotroski F-Score?

Farmland Partners Inc. (FPI) has a Piotroski F-Score of 5 out of 7 computable signals; 2 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 Farmland Partners Inc.'s earnings high quality?

Farmland Partners Inc. (FPI) has an earnings quality ratio of 0.55x, considered mixed 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.

How financially healthy is Farmland Partners Inc.?

Farmland Partners Inc. (FPI) scores 70 out of 100 on our Financial Health Score, indicating strong standing within its REITs peer group. The score is the average of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Farmland Partners Inc. it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.