Farmland Partners Inc.
FPI· NYSE· Real Estate Investment Trusts
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- –
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +0.6%
We record prices for the companies we cover; FPI is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 51.3M
- Revenue
- $52.2M
- Free cash flow
- –
- Owner earnings
- –
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- –
- Net
- 60.5%
- Free cash flow
- –
- Owner earnings
- –
- Stock pay
- 4.1%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 6.7%
- ROE, 5 yr avg
- 5.8%
Growth (CAGR)
- Revenue, 3 yr
- -5.2%
- Revenue, 5 yr
- 0.6%
- Revenue, 9 yr
- 6.0%
- Diluted EPS, 3 yr
- 56.2%
- Diluted EPS, 5 yr
- –
- Diluted EPS, 9 yr
- 23.7%
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
- Free cash flow, 9 yr
- –
Financial health · FY2025
- Cash and investments
- $9.3M
- Total debt
- $161.6M
- Net debt
- $152.3M
- Debt/Equity
- 0.3x
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 202.1%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 11.8%
Financials: ten years from the 10-Ks
Revenue
$52.2M
+6.0% a year over 9 years
FY2016FY2025
Margins
Operating–Net60.5%
FY2025
FY2016FY2025
Diluted shares
51.3M
+288.2% over 9 years, net dilution
FY2016FY2025
Return on invested capital
–
FY2025
FY2016FY2025
Net debt (below zero)
-$152.3M
$152.3M more debt than cash
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $31.0M | $46.2M | $56.1M | $53.6M | $50.7M | $51.7M | $61.2M | $57.5M | $58.2M | $52.2M |
| Revenue growth | – | 49.1% | 21.3% | -4.5% | -5.4% | 2.1% | 18.3% | -6.1% | 1.3% | -10.4% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | 50.4% | 48.7% | 53.0% | 49.2% | 44.1% | 32.5% | 40.8% | – | – | – |
| Net income | $4.3M | $7.9M | $12.3M | $13.9M | $7.1M | $10.0M | $11.7M | $30.9M | $59.9M | $31.5M |
| Net margin | 13.9% | 17.1% | 21.9% | 25.9% | 14.0% | 19.3% | 19.1% | 53.8% | 102.9% | 60.5% |
| Diluted EPS | $0.09 | $0.03 | $-0.01 | $0.04 | $-0.18 | $-0.17 | $0.16 | $0.53 | $1.06 | $0.61 |
| Return on invested capital? | – | – | – | 3.2% | 2.8% | 1.8% | 2.4% | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $5.0M | $929.0K | $20.0M | $18.0M | $19.7M | $7.9M | $17.1M | $12.9M | $16.1M | $17.4M |
| Capital expenditure | – | – | – | – | – | – | – | – | – | – |
| Free cash flow | – | – | – | – | – | – | – | – | – | – |
| Stock-based compensation | $1.2M | $1.4M | $1.6M | $1.4M | $1.1M | $1.3M | $1.5M | $1.9M | $2.3M | $2.2M |
| Owner earnings? | – | – | – | – | – | – | – | – | – | – |
| Free cash flow per share | – | – | – | – | – | – | – | – | – | – |
| Capital allocation | ||||||||||
| Dividends paid | $6.6M | $14.7M | $14.4M | $6.2M | $5.9M | $6.4M | $11.1M | $12.3M | $21.6M | $63.7M |
| Share repurchases | – | $10.0M | $20.6M | $22.0M | $6.8M | – | – | $72.2M | $27.5M | $37.8M |
| Diluted shares | 13.2M | 31.2M | 32.2M | 30.2M | 29.4M | 34.6M | 51.0M | 58.3M | 56.0M | 51.3M |
| Share count change? | 37.1% | 136.4% | 3.1% | -6.2% | -2.6% | 17.9% | 47.1% | 14.4% | -4.0% | -8.5% |
| Balance sheet | ||||||||||
| Cash and equivalents | – | – | $16.9M | $12.6M | $27.2M | $30.2M | $7.7M | $5.5M | $78.4M | $9.3M |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | $309.9M | $515.8M | $525.3M | $512.9M | $508.2M | $513.4M | $439.5M | $363.1M | $204.6M | $161.6M |
| Net debt | – | – | $508.4M | $500.3M | $481.0M | $483.3M | $431.8M | $357.6M | $126.1M | $152.3M |
| Shareholders' equity | $215.6M | $371.0M | $339.3M | $313.5M | $305.9M | $472.1M | $594.0M | $528.8M | $494.6M | $467.4M |
Latest filings
| 2026-10-29 | 10-Q | Quarterly report |
| 2026-10-28 | 8-K | Earnings release |
| 2026-07-30 | 10-Q | Quarterly report |
| 2026-07-29 | 8-K | Earnings release |
| 2026-04-30 | 10-Q | Quarterly report |
| 2026-04-29 | 8-K | Earnings release |
| 2026-03-17 | DEF 14A | Proxy statement |
| 2026-02-19 | 10-K | Annual report |
| 2026-02-18 | 8-K | Earnings release |
| 2025-10-30 | 10-Q | Quarterly report |
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