Saturday 17 October 2026
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Gladstone Land Corporation
LAND Real Estate Reit Specialty
Gladstone Land Corporation’s revenue for fiscal 2025 (year ended December 2025) was $88.3 million, up 3.66% from fiscal 2024. In the quarter to June 2026, revenue grew 3.22%, EPS grew 15.8%, free cash flow grew 1,646.3% and total debt fell 2.09%, each against the same quarter a year earlier. Dividend growth for three consecutive years.
9.28
0.09
−0.96%
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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 |
270.43 | 0.00 | 88.31 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Piotroski F-Score |
6 | 4 | 8 | 2 | 5 | 5 | 5 | 5 | 3 | 5 |
P/S ratio |
6.50 | 6.52 | 4.85 | 6.25 | 5.71 | 13.61 | 7.17 | 5.72 | 4.57 | 3.78 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 14.24 | 4.20 | 3.67 |
P/Operating CF |
229.28 | (141.73) | 75.29 | 34.05 | 24.30 | 85.26 | 30.88 | 29.68 | 33.64 | 31.47 |
P/B ratio |
1.28 | 1.39 | 0.98 | 0.91 | 0.85 | 1.74 | 0.87 | 0.72 | 0.57 | 0.50 |
Price to Tangible BV |
1.31 | 1.46 | 1.01 | 0.93 | 0.86 | 1.75 | 0.88 | 0.72 | 0.57 | 0.50 |
EV/Sales |
18.33 | 18.39 | 13.61 | 17.76 | 16.49 | 22.25 | 13.50 | 11.87 | 10.55 | 8.84 |
EV/EBITDA |
25.80 | 24.49 | 23.03 | 22.31 | 20.98 | 28.18 | 17.22 | 14.85 | 13.34 | 11.63 |
EV/Operating CF |
37.78 | 70.90 | 47.96 | 33.81 | 37.63 | 51.77 | 27.52 | 26.76 | 30.42 | 111.61 |
EV/FCF |
(3.65) | (3.73) | (5.98) | (3.00) | (3.80) | (6.43) | (31.39) | 29.54 | 9.68 | 8.56 |
Quick Ratio |
0.87 | 0.40 | 1.61 | 1.35 | 1.02 | 1.54 | 3.76 | 1.80 | 0.99 | 1.24 |
Current Ratio |
0.87 | 0.40 | 1.61 | 1.35 | 1.02 | 1.54 | 3.76 | 1.80 | 0.99 | 1.24 |
Net Debt/EBITDA |
16.65 | 15.80 | 14.82 | 14.46 | 13.71 | 10.95 | 8.08 | 7.69 | 7.56 | 6.65 |
Debt/Assets |
62.08% | 65.11% | 59.44% | 59.00% | 58.47% | 49.42% | 42.99% | 41.38% | 40.20% | 38.22% |
Debt/Equity |
2.36 | 2.55 | 1.86 | 1.73 | 1.63 | 1.13 | 0.86 | 0.80 | 0.77 | 0.71 |
Asset Turnover |
0.06 | 0.06 | 0.07 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.07 |
Operating CF/Net income |
18.76 | (210.16) | 4.63 | (8.55) | (5.69) | (3.69) | (2.92) | (4.07) | (2.83) | (0.67) |
Capex/Depreciation |
(18.19) | (17.42) | (9.81) | (20.04) | (15.84) | (10.55) | (2.28) | (0.10) | 1.66 | 1.79 |
Interest Coverage |
1.17 | 1.17 | 1.00 | 1.18 | 1.34 | 1.27 | 1.32 | 1.41 | 1.34 | 1.00 |
| 0.54% | (0.03%) | 1.51% | (1.09%) | (1.33%) | (1.80%) | (2.27%) | (1.36%) | (1.49%) | (1.54%) | |
| 0.16% | (0.01%) | 0.44% | (0.36%) | (0.47%) | (0.72%) | (1.07%) | (0.69%) | (0.77%) | (0.82%) | |
ROIC |
1.51% | 1.71% | 1.51% | 1.61% | 1.73% | 1.60% | 1.63% | 1.64% | 1.53% | 1.12% |
Return on Tangible Assets |
0.14% | (0.01%) | 0.41% | (0.31%) | (0.42%) | (0.68%) | (1.10%) | (0.79%) | (0.90%) | (0.95%) |
Average Days of Receivables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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 |
12.41% | 10.00% | 8.25% | 7.85% | 6.22% | 4.87% | 5.32% | 5.73% | 5.96% | 5.61% |
Intangible Assets out of Total Assets |
0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(2.17) | (2.08) | (2.08) | (2.06) | (2.07) | (0.73) | (1.04) | (1.26) | (1.56) | (1.62) |
Graham Number |
2.87 | 0.00 | 5.84 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
0.37% | (0.03%) | 1.13% | (1.00%) | (1.30%) | (0.86%) | (2.32%) | (1.87%) | (2.67%) | (1.31%) |
Free Cash Flow Yield |
(77.37%) | (75.57%) | (46.86%) | (94.70%) | (75.92%) | (25.43%) | (6.00%) | 7.02% | 23.83% | 27.28% |
Revenue per Share |
1.73 | 2.08 | 2.37 | 2.08 | 2.56 | 2.48 | 2.58 | 2.53 | 2.37 | 2.42 |
Operating CF per Share |
0.84 | 0.54 | 0.67 | 1.09 | 1.12 | 1.07 | 1.27 | 1.12 | 0.82 | 0.19 |
Capex per Share |
(9.54) | (10.81) | (6.05) | (13.37) | (12.24) | (9.65) | (2.38) | (0.11) | 1.76 | 2.30 |
Free Cash Flow per Share |
(8.70) | (10.27) | (5.38) | (12.28) | (11.11) | (8.58) | (1.11) | 1.02 | 2.59 | 2.50 |
Cash per Share |
0.24 | 0.24 | 0.95 | 0.70 | 0.41 | 0.55 | 1.77 | 0.52 | 0.51 | 0.74 |
Shareholders Equity per Share |
8.77 | 9.78 | 11.68 | 14.23 | 17.24 | 19.40 | 21.16 | 20.14 | 19.14 | 18.36 |
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 |
8.77 | 9.78 | 11.68 | 14.23 | 17.24 | 19.40 | 21.16 | 20.14 | 19.14 | 18.36 |
Free Cash Flow |
(87.10) | (123.81) | (83.40) | (240.78) | (247.39) | (260.57) | (38.39) | 36.31 | 92.86 | 91.13 |
Working Capital |
(0.36) | (4.46) | 5.58 | 3.56 | 0.14 | 5.83 | 44.88 | 8.27 | (0.13) | 5.17 |
Capital Expenditures |
(95.50) | (130.33) | (93.81) | (262.15) | (272.40) | (292.95) | (82.18) | (3.77) | 63.31 | 84.13 |
Net Current Asset Value |
(243.77) | (341.39) | (369.34) | (524.13) | (674.28) | (745.78) | (664.75) | (649.14) | (606.74) | (541.71) |
EV/EBIT |
45.00 | 40.60 | 41.21 | 37.42 | 34.02 | 52.87 | 35.53 | 32.03 | 30.71 | 38.89 |
Capex to Sales |
5.51 | 5.19 | 2.56 | 6.44 | 4.78 | 3.89 | 0.92 | 0.04 | (0.74) | (0.95) |
Price to Operating Income |
15.96 | 14.40 | 14.69 | 13.17 | 11.78 | 32.33 | 18.86 | 15.44 | 13.31 | 16.64 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.04 |
Cash ROIC |
(29.27%) | (29.35%) | (15.69%) | (31.08%) | (24.32%) | (20.46%) | (2.71%) | 2.77% | 7.53% | 7.78% |
Accounts Receivable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
0.74 | 0.66 | 0.59 | 0.63 | 0.64 | 0.89 | 0.82 | 0.96 | 0.95 | 1.20 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
438.97 | 802.70 | 684.52 | 606.66 | 540.10 | 447.72 | 533.62 | 293.56 | 490.18 | 330.65 |
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 Payables |
3.15 | 5.10 | 8.28 | 9.64 | 9.61 | 9.98 | 13.57 | 13.28 | 14.35 | 20.20 |
Average Assets |
281.33 | 398.13 | 513.70 | 690.95 | 942.04 | 1,209.42 | 1,404.40 | 1,422.29 | 1,349.76 | 1,275.68 |
Average Common Equity |
82.89 | 102.86 | 149.50 | 230.01 | 331.37 | 486.42 | 660.20 | 725.47 | 703.38 | 678.72 |
Columns are period end dates