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Monday 2 November 2026
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Farmland Partners Inc.
FPI Real Estate Reit Specialty
Farmland Partners Inc.’s revenue for fiscal 2025 (year ended December 2025) was $52.2 million, down 10.4% from fiscal 2024.
- Revenue
- −5.65%
- EPS
- −53.3%
- Free cash flow
- −94.9%
Quarter to June 2026, against a year earlier
8.43
0.37
−4.20%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
222.20 | 874.00 | 0.00 | 169.50 | 0.00 | 0.00 | 77.81 | 21.93 | 9.97 | 14.91 |
Piotroski F-Score |
7 | 4 | 3 | 6 | 5 | 6 | 7 | 6 | 8 | 5 |
P/S ratio |
4.73 | 5.90 | 2.60 | 3.82 | 5.04 | 8.00 | 10.36 | 10.74 | 9.60 | 8.21 |
P/FCF ratio |
0.00 | 0.00 | 24.51 | 4.63 | 6.98 | 0.00 | 0.00 | 3.42 | 1.81 | 4.07 |
P/Operating CF |
102.80 | 63.00 | 22.92 | 18.57 | 26.72 | 62.55 | 76.48 | 86.23 | 38.26 | 28.19 |
P/B ratio |
0.68 | 0.74 | 0.43 | 0.65 | 0.84 | 0.88 | 1.07 | 1.17 | 1.13 | 0.92 |
Price to Tangible BV |
0.68 | 0.74 | 0.43 | 0.65 | 0.84 | 0.89 | 1.08 | 1.18 | 1.14 | 0.92 |
EV/Sales |
3.21 | 4.74 | 2.30 | 3.58 | 4.51 | 7.42 | 10.24 | 10.64 | 8.26 | 8.03 |
EV/EBITDA |
5.74 | 7.18 | 3.35 | 5.49 | 7.26 | 14.94 | 19.15 | 23.19 | 15.76 | 64.72 |
EV/Operating CF |
19.74 | 236.00 | 6.46 | 10.67 | 11.58 | 48.85 | 36.76 | 47.45 | 29.78 | 24.04 |
EV/FCF |
(0.75) | (0.97) | 21.68 | 4.35 | 6.23 | (71.07) | (25.37) | 3.39 | 1.56 | 3.99 |
Quick Ratio |
0.16 | 0.12 | 0.04 | 0.03 | 0.06 | 0.07 | 0.03 | 0.04 | 0.39 | 0.08 |
Current Ratio |
0.17 | 0.13 | 0.07 | 0.04 | 0.06 | 0.08 | 0.08 | 0.12 | 0.64 | 0.56 |
Net Debt/EBITDA |
(2.72) | (1.75) | (0.44) | (0.36) | (0.87) | (1.17) | (0.23) | (0.21) | (2.57) | (1.44) |
Debt/Assets |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Asset Turnover |
0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.07 |
Operating CF/Net income |
4.28 | 1.02 | (47.63) | 13.59 | (3.74) | (1.35) | 2.03 | 0.46 | 0.29 | 0.61 |
Capex/Depreciation |
(80.14) | (28.46) | (1.58) | 3.03 | 1.85 | (1.49) | (5.39) | 20.02 | 50.30 | 70.65 |
Interest Coverage |
1.57 | 1.66 | 1.58 | 1.34 | 1.26 | 1.06 | 1.55 | 0.79 | 1.31 | 0.54 |
| 0.67% | 0.31% | (0.12%) | 0.41% | (1.70%) | (1.50%) | 1.58% | 4.95% | 11.03% | 5.99% | |
| 0.24% | 0.10% | (0.04%) | 0.12% | (0.48%) | (0.53%) | 0.74% | 2.55% | 5.97% | 3.63% | |
ROIC |
5.80% | 3.05% | 3.98% | 3.71% | 3.33% | 2.38% | 2.66% | 2.15% | 3.71% | 0.71% |
Return on Tangible Assets |
0.35% | 0.14% | (0.07%) | 0.23% | (0.93%) | (1.00%) | 1.22% | 4.41% | 8.80% | 5.31% |
Average Days of Receivables |
49.23 | 52.52 | 39.94 | 37.58 | 29.67 | 34.57 | 42.07 | 49.18 | 26.87 | 30.84 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
22.65% | 15.70% | 13.11% | 11.39% | 11.63% | 15.86% | 19.61% | 19.62% | 24.17% | 22.47% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
3.95% | 3.01% | 2.94% | 2.67% | 2.09% | 2.44% | 2.49% | 3.22% | 4.03% | 4.13% |
Graham Net Nets |
(2.63) | (2.13) | (4.26) | (3.05) | (2.39) | (1.47) | (0.83) | (0.73) | (0.42) | (0.37) |
Graham Number |
4.29 | 1.64 | 0.00 | 3.06 | 0.00 | 0.00 | 6.48 | 11.52 | 16.62 | 12.44 |
Earnings Yield |
0.45% | 0.11% | 0.00% | 0.59% | (2.07%) | (2.01%) | 1.29% | 4.56% | 10.03% | 6.71% |
Free Cash Flow Yield |
(90.26%) | (83.15%) | 4.08% | 21.58% | 14.33% | (1.30%) | (3.89%) | 29.24% | 55.21% | 24.54% |
Revenue per Share |
2.35 | 1.48 | 1.74 | 1.78 | 1.73 | 1.49 | 1.20 | 1.14 | 1.22 | 1.18 |
Operating CF per Share |
0.38 | 0.03 | 0.62 | 0.60 | 0.67 | 0.23 | 0.33 | 0.26 | 0.34 | 0.39 |
Capex per Share |
(10.41) | (7.30) | (0.44) | 0.87 | 0.58 | (0.38) | (0.82) | 3.33 | 6.15 | 1.98 |
Free Cash Flow per Share |
(10.03) | (7.27) | 0.19 | 1.46 | 1.25 | (0.16) | (0.48) | 3.59 | 6.49 | 2.38 |
Cash per Share |
3.57 | 1.72 | 0.53 | 0.42 | 0.93 | 0.87 | 0.15 | 0.11 | 1.65 | 0.21 |
Shareholders Equity per Share |
16.33 | 16.51 | 15.02 | 15.13 | 15.17 | 13.63 | 11.66 | 10.53 | 10.40 | 10.58 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
16.33 | 16.51 | 15.02 | 15.13 | 15.17 | 13.63 | 11.66 | 10.53 | 10.40 | 10.58 |
Free Cash Flow |
(132.40) | (226.81) | 5.96 | 44.15 | 36.63 | (5.40) | (24.71) | 180.39 | 308.72 | 105.11 |
Working Capital |
(261.91) | (451.70) | (498.28) | (499.41) | (486.47) | (484.48) | (415.60) | (331.11) | (76.46) | (74.27) |
Capital Expenditures |
(137.45) | (227.74) | (14.05) | 26.15 | 16.90 | (13.26) | (41.76) | 167.50 | 292.58 | 87.68 |
Net Current Asset Value |
(385.74) | (580.97) | (621.57) | (623.30) | (611.63) | (608.27) | (529.51) | (448.91) | (237.03) | (157.74) |
EV/EBIT |
6.37 | 9.73 | 4.35 | 7.29 | 10.23 | 22.83 | 25.09 | 33.97 | 19.47 | 80.06 |
Capex to Sales |
4.43 | 4.93 | 0.25 | (0.49) | (0.33) | 0.26 | 0.68 | (2.91) | (5.02) | (1.68) |
Price to Operating Income |
9.38 | 12.11 | 4.92 | 7.77 | 11.45 | 24.62 | 25.40 | 34.28 | 22.65 | 81.84 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
Cash ROIC |
(50.39%) | (39.88%) | 1.19% | 9.41% | 7.75% | (1.08%) | (4.11%) | 33.76% | 53.88% | 22.05% |
Accounts Receivable Turnover |
12.69 | 8.53 | 8.77 | 9.19 | 10.52 | 11.47 | 10.24 | 7.77 | 9.68 | 12.00 |
Accounts Payable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Inventory Turnover |
21.34 | 56.13 | 388.24 | (11.92) | (25.84) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
2.44 | 5.42 | 6.39 | 5.83 | 4.82 | 4.51 | 5.98 | 7.40 | 6.02 | 4.35 |
Average Inventory |
0.11 | 0.11 | 0.02 | (0.74) | (0.42) | — | — | — | — | — |
Average Assets |
500.24 | 910.81 | 1,152.80 | 1,121.03 | 1,096.77 | 1,106.26 | 1,140.84 | 1,091.08 | 945.83 | 794.36 |
Average Common Equity |
177.06 | 293.27 | 355.11 | 326.41 | 309.73 | 388.99 | 533.04 | 561.42 | 511.71 | 480.99 |
Columns are period end dates