Fermi Inc.

FRMI Real Estate Reit Specialty

In the quarter to June 2026, EPS fell 159.7% and free cash flow fell 414.5%, each against the same quarter a year earlier.

3.16 0.24 −7.06%
Market cap
$2.2B
P/E
0.0×
Fwd P/E
—
Dividend yield
—
F-score
n/a
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Insider Decisions trades per month

Total sells 89.48
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — 1 3 — 2 — — — 1
Insider Ownership 46.55%

Capital & Financial Ratios $m

Market Cap 2,180.00
Revenue —
Net Income (694.51)
Free Cash Flow (1,240.14)
Net Debt (91.73)
Current Ratio 0.61
Debt/Equity 0.00
P/E ratio 0.00
Fwd P/E —
P/S ratio 0.00
P/B ratio 1.95
Past 5Y EPS Growth —
This Y EPS Growth 62.07% (at or above 15%: strong)
Next Y EPS Growth 116.42% (at or above 15%: strong)
Next Y revenue growth —
Next 5Y EPS Growth —

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

Valuation vs history

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash — — 409 92
Receivables — — — —
Inventory — — — —
Other — — — —
— — 409 92
2023 2024 2025 Q'26
Payables — — 177 150
ST’ Debt — — — —
Other — — — —
— — 177 150

Compound Annual Growth %

10y 5y 3y
Sales — — —
Cash Flow — — —
Earnings — — —
Book Value — — —

Revenue $m

Year
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (7) (49) — — —
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (449) (234) — — —
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.30) (0.04) — — —
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — — — — — — 7.28

Analyst estimates 2026–2028

Powerpack
High — — — — — — — — — 36.99
People
People Employees — — — — — — — — — 35
Revenue/emp, $m — — — — — — — — — 0.00
Income, $m
Income, $m Revenue — — — — — — — — — —
Gross margin, % — — — — — — — — — —
EBT — — — — — — — — — (486)
EBT margin, % — — — — — — — — — 0.00
Net income — — — — — — — — — (486)
Depreciation — — — — — — — — — —
Per share, $
Per share, $ Revenue — — — — — — — — — 0.00
Earnings — — — — — — — — — (0.79)
Cash flow — — — — — — — — — (0.07)
Capex — — — — — — — — — (1.22)
Free cash flow — — — — — — — — — (1.29)
Book value — — — — — — — — — 2.34
Shares, m — — — — — — — — — 468
Valuation, ×
Valuation, × P/E — — — — — — — — — —
P/S — — — — — — — — — —
P/B — — — — — — — — — —
EV/Sales — — — — — — — — — —
EV/FCF — — — — — — — — — —
Cash, $m
Cash, $m Operating cash flow — — — — — — — — — (34)
Capex — — — — — — — — — (569)
Free cash flow — — — — — — — — — (603)
Balance, $m
Balance, $m Working capital — — — — — — — — — 232
Total debt — — — — — — — — — —
Net debt — — — — — — — — — (409)
Shareholders’ equity — — — — — — — — — 1,096
Returns, %
Returns, % ROA — — — — — — — — — 0.00
ROIC — — — — — — — — — (16.17)
ROE — — — — — — — — — 0.00
Negative figures in brackets.

All 10 years →

Charts ten years each

Fermi Inc. vs peers in Reit Specialty (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
WY Weyerhaeuser Company $14.0B 29.7× 56.6× −0.90% (below 0%: shrinking) +91.67% (above 0%: growing) +29.41% (above 0%: growing) 16.66% 11.94% Compare
GLPI Gaming and Leisure Properties, Inc. $11.4B 11.5× 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. $5.7B 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. $5.3B 21.7× 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 17.7× 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. $2.2B — (loss-making) — — n/m −414.49% (below 0%: shrinking) — 0.00%
UNIT Uniti Group Inc. $1.5B 1.1× — (loss-making) +202.53% (above 0%: growing) n/m −379.58% (below 0%: shrinking) 57.83% 3.54% Compare
FPI Farmland Partners Inc. $460.3M 18.9× 50.8× −5.65% (below 0%: shrinking) −53.33% (below 0%: shrinking) −94.88% (below 0%: shrinking) 75.47% 28.21% Compare
LAND Gladstone Land Corporation $404.2M — (loss-making) — (loss-making) +3.22% (above 0%: growing) n/m +1,646.28% (above 0%: growing) 74.05% (33.96%) Compare
Median of peers $4.8B 18.9× 37.0× +9.57% +16.68% −65.71% 65.94% 17.08%

All 18 Reit Specialty stocks →

Fermi Inc. (FRMI) key facts

  • Fermi Inc. (FRMI) is a Reit Specialty company in the Real Estate sector, listed on Nasdaq.
  • As of October 16, 2026, FRMI traded at $3.16, a market capitalization of $2.2 billion.
  • Return on equity was 0.00% and debt-to-equity 0.00.

Source: company filings (standardised) and stockrow calculations.

Fermi Inc. (FRMI) Latest News

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