Monday 12 October 2026 Export all FPI data to Excel Powerpack

Farmland Partners Inc.

Farmland Partners Inc.’s revenue for fiscal 2025 (year ended December 2025) was $52.2 million, down 10.4% from fiscal 2024. In the quarter to June 2026, revenue fell 5.65%, EPS fell 53.3% and free cash flow fell 94.9%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

10.55 0.08 +0.76%

Follow FPI

Alert me

Market cap: $456.8M
P/E: 19.2×
Fwd P/E: 50.8×
Dividend yield: 3.13%
F-score: 5/9
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

Total buys 0.11

Total sells 0.02

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	1	1	—	1	—	—	—	1	—	—	—	—
Sell	—	—	—	1	—	—	—	—	—	—	—	—

Insider Ownership 7.35%

Capital & Financial Ratios $m

Market Cap 456.81

Revenue 51.47

Net Income 26.06

Free Cash Flow 47.03

Net Debt (11.42)

Current Ratio 0.39

Debt/Equity 0.00

P/E ratio 19.18

Fwd P/E 50.80

P/S ratio 8.89

P/B ratio 0.99

Past 5Y EPS Growth —

This Y EPS Growth (61.48%)

Next Y EPS Growth (17.02%)

Next Y revenue growth (13.41%)

Next 5Y EPS Growth —

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

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 24.78%

10-year low 10-year high

P/S against its own 10 years 69.55%

10-year low 10-year high

P/B against its own 10 years 61.35%

10-year low 10-year high

EV/Sales against its own 10 years 73.09%

10-year low 10-year high

EV/FCF against its own 10 years 77.61%

10-year low 10-year high

Dividends

Payout Ratio 0.65

Annual Dividend Rate 0.33

Annual Dividend Yield 3.13%

	total	individual payouts
2027	Powerpack
2026	0.33	0.06 0.09 0.09 0.09
2025	0.24	0.06 0.06 0.06 0.06 0.20
2024	0.18	0.06 0.06 0.06 1.15
2023	0.24	0.06 0.06 0.06 0.21 0.06
2022	0.23	0.05 0.06 0.06 0.06
2021	0.20	0.05 0.05 0.05 0.05
2020	0.20	0.05 0.05 0.05 0.05
2019	0.20	0.05 0.05 0.05 0.05
2018	0.36	0.13 0.13 0.05 0.05
2017	0.64	0.13 0.13 0.13 0.13 0.13
2016	0.51	0.13 0.13 0.13 0.13

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	5	78	9	11
Receivables	8	4	4	3
Inventory	—	—	—	—
Other	—	—	—	—
	44	138	94	91

	2023	2024	2025	Q'26
Payables	—	—	—	—
ST’ Debt	—	—	—	—
Other	—	—	—	—
	375	214	168	231

Compound Annual Growth %

	10y	5y	3y
Sales	14.26%	0.58%	(5.18%)
Cash Flow	8.52%	(2.45%)	0.73%
Earnings	42.94%	0.00%	50.78%
Book Value	12.93%	0.96%	(7.68%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	10	9	—	—	—
’25	10	10	11	21	52
’24	12	11	13	21	58
’23	13	12	12	22	57
’22	14	12	13	22	61
’21	12	10	10	20	52
’20	12	11	11	18	51

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	8	(3)	—	—	—
’25	6	(2)	(2)	15	17
’24	12	(6)	(4)	15	16
’23	16	(6)	(4)	7	13
’22	10	(2)	0	8	17
’21	11	(3)	(7)	7	8
’20	13	(3)	0	10	20

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	17	4	—	—	—
’25	10	69	1	25	105
’24	(3)	(7)	(5)	323	309
’23	22	28	54	77	180
’22	6	(11)	(9)	(10)	(25)
’21	36	(31)	(9)	(2)	(5)
’20	12	3	6	16	37

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.01	0.07	—	—	—
’25	0.03	0.14	0.00	0.43	0.61
’24	0.01	(0.06)	0.02	1.03	1.06
’23	0.02	0.12	0.07	0.31	0.53
’22	0.00	0.04	0.01	0.11	0.16
’21	(0.02)	(0.19)	(0.17)	0.14	(0.17)
’20	(0.09)	(0.10)	(0.09)	0.06	(0.18)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	9.54	8.06	4.45	4.50	5.05	8.45	10.62	9.44	9.70	9.37	Analyst estimates 2026–2028 Powerpack
	High	11.98	11.76	9.19	7.22	9.03	14.85	16.43	13.66	12.85	12.87
People
People	Employees	18	16	13	13	25	27	30	26	24	12
	Revenue/emp, $m	1.72	2.89	4.31	4.12	2.03	1.92	2.04	2.21	2.43	4.35
Income, $m
Income, $m	Revenue	31	46	56	54	51	52	61	57	58	52
	Gross margin, %	92.33	86.46	85.80	83.53	78.82	82.88	76.87	76.66	80.58	80.33
	EBT	6	9	14	15	8	10	12	32	61	32
	EBT margin, %	19.39	19.81	25.04	27.72	14.86	19.83	19.91	54.84	105.51	61.63
	Net income	6	9	14	15	8	10	12	32	61	32
	Depreciation	2	8	9	9	9	9	8	8	6	1
Per share, $
Per share, $	Revenue	2.35	1.48	1.74	1.78	1.73	1.49	1.20	1.14	1.22	1.18
	Earnings	0.09	0.03	(0.01)	0.04	(0.18)	(0.17)	0.16	0.55	1.19	0.65
	Cash flow	0.38	0.03	0.62	0.60	0.67	0.23	0.33	0.26	0.34	0.39
	Capex	(10.41)	(7.30)	(0.44)	0.87	0.58	(0.38)	(0.82)	3.33	6.15	1.98
	Free cash flow	(10.03)	(7.27)	0.19	1.46	1.25	(0.16)	(0.48)	3.59	6.49	2.38
	Book value	16.33	16.51	15.02	15.13	15.17	13.63	11.66	10.53	10.40	10.58
	Shares, m	13	31	32	30	29	35	51	50	48	44
Valuation, ×
Valuation, ×	P/E	222.20	874.00	0.00	169.50	0.00	0.00	77.81	21.93	9.97	14.91
	P/S	4.73	5.90	2.60	3.82	5.04	8.00	10.36	10.74	9.60	8.21
	P/B	0.68	0.74	0.43	0.65	0.84	0.88	1.07	1.17	1.13	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/FCF	(0.75)	(0.97)	21.68	4.35	6.23	(71.07)	(25.37)	3.39	1.56	3.99
Cash, $m
Cash, $m	Operating cash flow	5	1	20	18	20	8	17	13	16	17
	Capex	(137)	(228)	(14)	26	17	(13)	(42)	168	293	88
	Free cash flow	(132)	(227)	6	44	37	(5)	(25)	180	309	105
Balance, $m
Balance, $m	Working capital	(262)	(452)	(498)	(499)	(486)	(484)	(416)	(331)	(76)	(74)
	Total debt	309	514	523	512	507	511	437	—	—	—
	Net debt	(47)	(54)	(17)	(13)	(27)	(30)	(8)	(5)	(78)	(9)
	Shareholders’ equity	216	515	483	456	446	472	594	529	495	467
Returns, %
Returns, %	ROA	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
	ROE	0.67	0.31	(0.12)	0.41	(1.70)	(1.50)	1.58	4.95	11.03	5.99

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
GLPI Gaming and Leisure Properties, Inc.	$11.1B	11.2×	14.4×	+9.03% (above 0%: growing)	+45.45% (above 0%: growing)	−42.77% (below 0%: shrinking)	100.00%	77.21%	Compare
RYN Rayonier Inc.	$5.6B	41.3×	53.8×	+272.15% (above 0%: growing)	−97.72% (below 0%: shrinking)	−88.66% (below 0%: shrinking)	19.08%	8.73%	Compare
OUT OUTFRONT Media Inc.	$5.2B	21.4×	23.1×	+13.54% (above 0%: growing)	+340.00% (above 0%: growing)	+167.78% (above 0%: growing)	52.90%	22.22%	Compare
EPR EPR Properties	$4.2B	17.4×	19.0×	+10.11% (above 0%: growing)	−12.09% (below 0%: shrinking)	−498.03% (below 0%: shrinking)	92.16%	54.59%	Compare
FRMI Fermi Inc.	$2.4B	— (loss-making)	—	—	n/m	−414.49% (below 0%: shrinking)	—	0.00%	Compare
UNIT Uniti Group Inc.	$1.8B	1.4×	— (loss-making)	+202.53% (above 0%: growing)	n/m	−379.58% (below 0%: shrinking)	57.83%	3.54%	Compare
FPI Farmland Partners Inc.	$457.7M	19.0×	50.8×	−5.65% (below 0%: shrinking)	−53.33% (below 0%: shrinking)	−94.88% (below 0%: shrinking)	75.47%	28.21%
LAND Gladstone Land Corporation	$411.1M	— (loss-making)	— (loss-making)	+3.22% (above 0%: growing)	n/m	+1,646.28% (above 0%: growing)	74.05%	(33.96%)	Compare
SELF Global Self Storage, Inc.	$56.1M	27.4×	20.2×	+0.63% (above 0%: growing)	+16.67% (above 0%: growing)	−13.35% (below 0%: shrinking)	60.34%	21.58%	Compare
Median of peers	$3.3B	19.4×	20.2×	+10.11%	+16.67%	−65.71%	60.34%	15.16%

All 18 Reit Specialty stocks →

Farmland Partners Inc. (FPI) key facts

Concern: Farmland Partners Inc.’s revenue for fiscal 2025 (year ended December 2025) was $52.2 million, down 10.4% from fiscal 2024.
Farmland Partners Inc. (FPI) is a Reit Specialty company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 12, 2026, FPI traded at $10.55, a market capitalization of $456.8 million.
Farmland Partners Inc. pays an annual dividend of $0.33 per share, a yield of 3.13%, with a payout ratio of 64.7%.
Return on equity was 5.99% and debt-to-equity 0.00.
Its Piotroski F-score is 5 out of 9 for fiscal 2025.