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

Farmers & Merchants Bancorp Inc.

Farmers & Merchants Bancorp Inc.’s revenue for fiscal 2025 (year ended December 2025) was $190.7 million, up 6.41% from fiscal 2024. In the quarter to June 2026, revenue grew 7.70%, EPS grew 53.6%, free cash flow grew 2,792.3% and total debt fell 10.6%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for ten; insiders bought in the last twelve months.

35.54 0.42 +1.20%

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Market cap: $483.7M
P/E: 12.2×
Fwd P/E: 10.0×
Dividend yield: 2.62%
F-score: 8/9
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

	Older periods	Sep '25	Dec '25	Mar '26	Jun '26
P/E ratio Full definition →	+8 more quarters Free account	10.78	10.21	9.84	10.51
P/S ratio Full definition →		1.81	1.76	1.80	2.11
P/FCF ratio Full definition →		14.36	9.54	11.07	9.75
P/Operating CF Full definition →		30.29	24.97	45.59	38.51
P/B ratio Full definition →		0.94	0.90	0.93	1.08
Price to Tangible BV Full definition →		1.26	1.20	1.23	1.42
EV/Sales Full definition →		2.18	2.43	2.03	2.16
EV/EBITDA Full definition →		0.00	0.00	0.00	0.00
EV/Operating CF Full definition →		15.77	12.61	11.78	9.92
EV/FCF Full definition →		17.29	13.19	12.48	10.02
Quick Ratio Full definition →		0.04	0.04	0.06	0.05
Current Ratio Full definition →		0.97	0.98	0.98	0.96
Net Debt/EBITDA Full definition →		0.00	0.00	0.00	0.00
Debt/Assets Full definition →		5.54%	6.62%	6.28%	4.81%
Debt/Equity Full definition →		0.52	0.61	0.58	0.44
Asset Turnover Full definition →		0.06	0.06	0.06	0.06
Operating CF/Net income Full definition →		1.28	1.39	0.81	0.93
Capex/Depreciation Full definition →		(0.33)	(0.03)	(0.47)	0.71
Research and Development Expense of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →		38.89%	37.64%	39.92%	37.11%
Intangible Assets out of Total Assets Full definition →		0.03	0.03	0.03	0.03
Share Based Compensation of Revenue Full definition →		0.70%	0.64%	0.69%	1.12%
Graham Net Nets Full definition →		(0.81)	(0.82)	(0.79)	(0.67)
Graham Number Full definition →		37.31	38.59	40.31	43.04
Earnings Yield Full definition →		9.28%	9.79%	10.17%	9.52%
Free Cash Flow Yield Full definition →		6.96%	10.48%	9.03%	10.26%
Revenue per Share Full definition →		3.60	3.63	3.55	3.76
Operating CF per Share Full definition →		0.83	0.99	0.56	0.79
Capex per Share Full definition →		(0.03)	0.00	(0.05)	0.06
Free Cash Flow per Share Full definition →		0.79	0.99	0.51	0.85
Cash per Share Full definition →		8.74	7.32	12.86	11.54
Shareholders Equity per Share Full definition →		26.67	27.35	27.67	28.29
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		26.67	27.35	27.67	28.29
Free Cash Flow Full definition →		10.73	13.39	6.99	11.57
Working Capital Full definition →		(83.77)	(43.88)	(53.07)	(108.85)
Capital Expenditures Full definition →		(0.47)	(0.03)	(0.66)	0.77
Net Current Asset Value Full definition →		(274.77)	(274.38)	(275.18)	(280.43)
EV/EBIT Full definition →		0.00	0.00	0.00	0.00
Capex to Sales Full definition →		0.01	0.00	0.01	(0.01)
Price to Operating Income Full definition →		8.44	7.88	7.57	8.13
Other line items
Average Payables Full definition →		2,718.36	2,708.75	2,754.97	2,789.87
Average Assets Full definition →		3,389.97	3,399.55	3,437.18	3,423.94
Average Common Equity Full definition →		348.58	353.04	360.27	367.75

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Columns are period end dates

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