Growth & profitability
- Free cash flow has declined 53.8% per year over the past 5 years.
Financial health
- Total debt ($30.8B) exceeds cash ($931M); net debt is $29.9B.
AGM Financials FEDERAL AGRICULTURAL MORTGAGE CORP
15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | — | $207M | — | — | 12.1% | 0.6% | $80M | $30.8B | $931M |
| 2024 | — | $207M | — | — | 13.9% | 0.7% | $607M | $27.5B | $1.0B |
| 2023 | — | $200M | — | — | 14.2% | 0.7% | $376M | $26.6B | $889M |
| 2022 | — | $178M | — | — | 14.0% | 0.7% | $809M | $25.0B | $861M |
| 2021 | — | $136M | — | — | 11.2% | 0.5% | — | $22.8B | $909M |
| 2020 | — | $114M | — | — | 11.5% | 0.5% | — | $21.8B | $1.0B |
| 2019 | — | $110M | — | — | — | 0.5% | — | $29.1B | $604M |
| 2018 | — | $108M | — | — | — | 0.6% | — | $24.0B | $425M |
| 2017 | — | $84M | — | — | 11.9% | 0.5% | — | $15.5B | $302M |
| 2016 | — | $77M | — | — | 12.0% | 0.5% | — | $13.7B | $265M |
| 2015 | — | $69M | — | — | 12.4% | 0.4% | — | $14.1B | — |
| 2014 | — | $48M | — | — | 8.8% | 0.3% | — | $12.8B | — |
| 2013 | — | $75M | — | — | 22.6% | 0.6% | — | $12.3B | — |
| 2012 | — | $47M | — | — | 13.3% | 0.4% | — | $11.6B | — |
| 2012 | — | -$22M | — | — | -6.2% | -0.2% | — | $11.5B | — |
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | — | $67M | — | — | 3.6% | 0.2% | — | $34.8B | $1.0B |
| Mar '26 | — | $59M | — | — | 3.4% | 0.2% | — | $32.3B | $774M |
| Dec '25 | — | $48M | — | — | 2.8% | 0.1% | $103M | $30.8B | $931M |
| Sep '25 | — | $55M | — | — | 3.3% | 0.2% | $74M | $29.2B | $901M |
| Jun '25 | — | $55M | — | — | 3.6% | 0.2% | -$48M | $28.9B | $1.0B |
| Mar '25 | — | $50M | — | — | 3.3% | 0.2% | -$50M | $28.0B | $1.0B |
| Dec '24 | — | $57M | — | — | 3.8% | 0.2% | $368M | $27.5B | $1.0B |
| Sep '24 | — | $50M | — | — | 3.4% | 0.2% | -$44M | $27.2B | $842M |
| Jun '24 | — | $47M | — | — | 3.1% | 0.2% | $53M | $26.8B | $923M |
| Mar '24 | — | $54M | — | — | 3.6% | 0.2% | $232M | $26.8B | $745M |
| Dec '23 | — | $48M | — | — | 3.4% | 0.2% | -$167M | $26.6B | $889M |
| Sep '23 | — | $58M | — | — | 4.2% | 0.2% | $363M | $25.6B | $782M |
| Jun '23 | — | $47M | — | — | 3.5% | 0.2% | $119M | $25.0B | $874M |
| Mar '23 | — | $47M | — | — | 3.6% | 0.2% | $61M | $25.2B | $865M |
| Dec '22 | — | $43M | — | — | 3.4% | 0.2% | — | $25.0B | $861M |
| Sep '22 | — | $41M | — | — | — | 0.2% | — | $24.1B | $868M |
| Jun '22 | — | $42M | — | — | — | 0.2% | — | $23.8B | $909M |
| Mar '22 | — | $51M | — | — | — | 0.2% | — | $23.3B | $890M |
| Dec '21 | — | $34M | — | — | 2.8% | 0.1% | — | $22.8B | $909M |
| Sep '21 | — | $35M | — | — | — | 0.1% | — | $22.4B | $899M |
Valuation over time
How the market has priced AGM against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has risen from 8.1× (Mar '23) to 11.8× (Sep '26).
P/E
Frequently asked questions
Is AGM growing its revenue and profit?
See the revenue and net-income charts above for FEDERAL AGRICULTURAL MORTGAGE CORP's multi-year trend.
How much debt does AGM have?
As of FY2025, FEDERAL AGRICULTURAL MORTGAGE CORP reported $30.8B of total debt against $931M of cash.
What is AGM's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is AGM's P/E ratio?
As of Sep '26, FEDERAL AGRICULTURAL MORTGAGE CORP traded at a price-to-earnings ratio of about 11.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.