Saturday 17 October 2026 Export AGM’s income statement to Excel — free account

Federal Agricultural Mortgage Corporation

Federal Agricultural Mortgage Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue grew 12.9%, EPS grew 20.7%, free cash flow grew 188.6% and total debt rose 3.07%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for three.

203.97 2.25 −1.09%

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Market cap: $2.2B
P/E: 11.1×
Fwd P/E: 9.4×
Dividend yield: 3.09%
F-score: 4/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 15.94%

Capital & Financial Ratios $m

Market Cap 2,170.00

Revenue 1,721.12

Net Income 229.00

Free Cash Flow 312.24

Net Debt 1,235.00

Current Ratio 0.56

Debt/Equity 1.23

P/E ratio 11.09

Fwd P/E 9.42

P/S ratio 1.29

P/B ratio 1.77

Past 5Y EPS Growth 14.98%

This Y EPS Growth 24.23%

Next Y EPS Growth 11.48%

Next Y revenue growth (70.53%)

Next 5Y EPS Growth 14.30%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 72.28%

10-year low 10-year high

P/S against its own 10 years 26.02%

10-year low 10-year high

P/B against its own 10 years 70.36%

10-year low 10-year high

Dividends

Payout Ratio 0.34

Annual Dividend Rate 6.30

Annual Dividend Yield 3.09%

	total	individual payouts
2027	Powerpack
2026	6.45	1.60 1.60 1.60
2025	6.00	1.50 1.50 1.50 1.50
2024	5.60	1.40 1.40 1.40 1.40
2023	4.40	1.10 1.10 1.10 1.10
2022	3.80	0.95 0.95 0.95 0.95
2021	3.52	0.88 0.88 0.88 0.88
2020	3.20	0.80 0.80 0.80 0.80
2019	2.80	0.70 0.70 0.70 0.70
2018	2.32	0.58 0.58 0.58 0.58
2017	1.44	0.36 0.36 0.36 0.36
2016	1.04	0.26 0.26 0.26 0.26

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	890	1,024	931	1,038
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	12,266	14,590	17,667	19,652

	2023	2024	2025	Q'26
Payables	77	213	—	—
ST’ Debt	—	—	—	—
Other	—	—	—	—
	26,595	27,566	31,056	34,962

Compound Annual Growth %

	10y	5y	3y
Sales	19.05%	25.34%	29.21%
Cash Flow	(8.03%)	0.00%	(53.75%)
Earnings	14.44%	13.97%	6.52%
Book Value	11.99%	11.61%	10.56%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	424	457	—	—	—
’25	385	405	421	419	1,630
’24	404	406	411	404	1,625
’23	321	350	391	354	1,416
’22	137	147	198	273	756
’21	116	108	112	114	449
’20	145	139	111	132	527

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	92	40	—	—	—
’25	(50)	(48)	74	103	80
’24	233	56	(44)	368	613
’23	61	119	363	(167)	376
’22	269	257	180	103	809
’21	398	(92)	127	3	436
’20	(330)	23	82	131	(95)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	92	42	—	—	—
’25	(49)	(48)	74	104	81
’24	232	53	(44)	368	607
’23	61	119	363	(167)	376
’22	269	257	180	103	809
’21	398	(92)	127	3	436
’20	(328)	23	82	133	(90)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	4.75	5.41	—	—	—
’25	4.01	4.48	4.44	3.71	16.62
’24	4.28	3.68	3.86	4.63	16.44
’23	3.69	3.70	4.69	3.73	15.81
’22	3.77	3.60	3.18	3.36	13.87
’21	2.58	2.35	2.24	2.75	9.92
’20	0.87	2.94	1.73	2.73	8.27

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	26.11	53.78	55.64	59.53	40.05	73.14	90.38	112.47	169.17	155.00	Analyst estimates 2026–2028 Powerpack
	High	59.50	80.47	99.11	88.46	84.13	137.01	130.61	198.17	217.60	212.24
People
People	Employees	81	88	103	103	121	153	158	185	191	212
	Revenue/emp, $m	4.10	4.75	5.40	6.47	4.35	2.93	4.78	7.65	8.51	7.69
Income, $m
Income, $m	Revenue	332	418	556	666	527	449	756	1,416	1,625	1,630
	Gross margin, %	48.36	41.90	33.47	29.14	40.60	54.57	40.98	24.80	23.09	25.06
	EBT	119	131	136	139	145	172	226	253	258	256
	EBT margin, %	35.91	31.26	24.47	20.82	27.46	38.41	29.87	17.88	15.89	15.69
	Net income	77	84	108	110	114	136	178	200	207	207
	Depreciation	34	25	29	40	30	24	20	14	(3)	2
Per share, $
Per share, $	Revenue	31.72	39.46	52.18	62.27	49.11	41.74	70.02	130.74	149.41	149.38
	Earnings	6.12	6.73	8.91	8.76	8.31	10.00	14.00	15.97	16.59	16.73
	Cash flow	20.30	16.52	18.78	(1.84)	(8.81)	40.57	75.00	34.70	56.34	7.34
	Capex	0.03	0.76	0.01	0.00	0.39	0.00	0.00	0.00	(0.48)	0.10
	Free cash flow	20.33	17.28	18.79	(1.84)	(8.42)	40.57	75.00	34.70	55.86	7.43
	Book value	61.43	66.84	70.64	74.73	92.51	112.82	117.87	130.38	136.93	157.54
	Shares, m	10	11	11	11	11	11	11	11	11	11
Valuation, ×
Valuation, ×	P/E	9.47	11.79	6.78	9.53	8.94	12.39	8.10	11.71	11.86	10.50
	P/S	1.83	2.00	1.16	1.34	1.51	2.97	1.62	1.43	1.32	1.18
	P/B	1.38	1.66	1.18	1.56	1.27	1.83	1.56	2.18	1.99	1.58
	EV/Sales	4.52	4.70	3.20	2.92	2.12	3.22	2.11	1.79	1.91	2.09
	EV/FCF	7.05	10.72	8.80	(108.20)	(12.34)	3.28	1.96	6.67	5.10	41.98
Cash, $m
Cash, $m	Operating cash flow	213	175	200	(20)	(95)	436	809	376	613	80
	Capex	0	8	0	—	4	—	—	—	(5)	1
	Free cash flow	213	183	200	(20)	(90)	436	809	376	607	81
Balance, $m
Balance, $m	Working capital	(8,768)	(9,835)	(10,182)	(11,404)	(12,171)	(12,471)	(13,311)	(14,329)	(12,977)	(13,390)
	Total debt	1,180	1,443	1,568	1,653	1,359	1,025	1,229	1,399	1,978	2,420
	Net debt	894	1,128	1,132	1,049	319	112	366	509	954	1,489
	Shareholders’ equity	644	708	753	799	992	1,214	1,272	1,412	1,489	1,719
Returns, %
Returns, %	ROA	0.41	0.43	0.52	0.46	0.41	0.45	0.58	0.61	0.59	0.55
	ROIC	4.85	4.45	4.51	4.69	6.90	8.13	8.61	8.24	6.60	4.98
	ROE	16.29	15.13	18.06	16.74	15.82	16.40	19.91	20.16	18.00	15.95

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SLM SLM Corporation	$4.2B	6.0×	7.1×	−1.93% (below 0%: shrinking)	−9.38% (below 0%: shrinking)	+2.81% (above 0%: growing)	59.84%	0.00%	Compare
BFH Bread Financial Holdings, Inc.	$3.9B	7.9×	8.2×	+3.39% (above 0%: growing)	+21.89% (above 0%: growing)	+1.93% (above 0%: growing)	100.00%	76.43%	Compare
UPST Upstart Holdings, Inc.	$2.4B	38.0×	32.5×	+41.75% (above 0%: growing)	+183.33% (above 0%: growing)	−14.74% (below 0%: shrinking)	83.19%	4.01%	Compare
ECPG Encore Capital Group Inc	$2.2B	7.5×	6.3×	+11.25% (above 0%: growing)	+18.80% (above 0%: growing)	−1,282.62% (below 0%: shrinking)	100.00%	0.00%	Compare
AGM Federal Agricultural Mortgage Corporation	$2.2B	11.1×	9.4×	+12.93% (above 0%: growing)	+20.67% (above 0%: growing)	+188.57% (above 0%: growing)	27.34%	0.00%
EZPW EZCORP, Inc.	$2.0B	12.8×	16.0×	+34.65% (above 0%: growing)	+37.78% (above 0%: growing)	+27.86% (above 0%: growing)	58.79%	13.09%	Compare
WU The Western Union Company	$1.9B	5.0×	4.7×	−1.26% (below 0%: shrinking)	−32.43% (below 0%: shrinking)	+316.72% (above 0%: growing)	33.21%	13.04%	Compare
ATLC Atlanticus Holdings Corporation	$1.4B	9.6×	8.8×	+88.84% (above 0%: growing)	+67.38% (above 0%: growing)	+112.08% (above 0%: growing)	83.42%	0.00%	Compare
JCAP Jefferson Capital, Inc.	$1.2B	8.4×	6.3×	+16.26% (above 0%: growing)	−96.40% (below 0%: shrinking)	−45.57% (below 0%: shrinking)	63.06%	45.87%	Compare
Median of peers	$2.1B	8.1×	7.7×	+13.76%	+20.35%	+2.37%	73.13%	8.52%

All 55 Credit Services stocks →

Federal Agricultural Mortgage Corporation (AGM) key facts

Federal Agricultural Mortgage Corporation (AGM) is a Credit Services company in the Financial sector, listed on the New York Stock Exchange.
Federal Agricultural Mortgage Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, roughly unchanged from fiscal 2024.
As of October 16, 2026, AGM traded at $203.97, a market capitalization of $2.2 billion.
Federal Agricultural Mortgage Corporation pays an annual dividend of $6.30 per share, a yield of 3.09%, with a payout ratio of 34.4%.
Return on equity was 16.0% and debt-to-equity 1.23.
Its Piotroski F-score is 4 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.