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

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

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Columns are period end dates

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