14 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 →
Growth & profitability
Revenue has grown 0.6% per year over the past 5 years.
Net income has grown faster than revenue (34.7% vs 0.6% per year).
Financial health
Total debt ($162M) exceeds cash ($9M); net debt is $152M.
Total debt has grown slower than revenue (-20.5% vs 0.6% per year).
Shareholder returns
Dividends have been paid for 12 consecutive years, consuming 202.1% of earnings.
The dividend has grown 60.7% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$52M
$32M
0.0%
0.0%
—
$162M
$9M
2024
$58M
$60M
0.0%
0.0%
—
$205M
$78M
2023
$57M
$31M
0.0%
0.0%
—
$363M
$5M
2022
$61M
$12M
0.0%
40.8%
—
$439M
$8M
2021
$52M
$10M
0.0%
32.5%
—
$513M
$30M
2020
$51M
$7M
0.0%
44.1%
—
$508M
$27M
2019
$54M
$14M
0.0%
49.2%
—
$513M
$13M
2018
$56M
$12M
0.0%
53.0%
—
$525M
$17M
2017
$46M
$8M
0.0%
48.7%
—
$516M
—
2016
$31M
$4M
0.0%
50.4%
—
$310M
—
2015
—
$1M
—
—
—
$187M
—
2014
—
-$568000
—
—
—
$114M
—
2013
—
$34172
—
—
—
—
—
2012
—
$586352
—
—
—
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$10M
$640000
0.0%
0.0%
—
$233M
$18M
Dec '25
$21M
$21M
0.0%
0.0%
—
$162M
$9M
Sep '25
$11M
$483000
0.0%
0.0%
—
$170M
$13M
Jun '25
$10M
$8M
0.0%
0.0%
—
$193M
$51M
Mar '25
$10M
$2M
0.0%
0.0%
—
$203M
$22M
Dec '24
$21M
$59M
0.0%
0.0%
—
$205M
$78M
Sep '24
$13M
$2M
0.0%
0.0%
—
$394M
$8M
Jun '24
$11M
-$2M
0.0%
0.0%
—
$393M
$6M
Mar '24
$12M
$1M
0.0%
0.0%
—
$383M
$6M
Dec '23
$22M
$17M
0.0%
0.0%
—
$363M
$5M
Sep '23
$12M
$4M
0.0%
0.1%
—
$423M
$6M
Jun '23
$12M
$8M
0.0%
23.8%
—
$474M
$11M
Mar '23
$13M
$2M
0.0%
38.2%
—
$444M
$12M
Dec '22
$22M
$7M
0.0%
57.2%
—
$439M
$8M
Sep '22
$13M
$1M
0.0%
36.0%
—
$410M
$9M
Jun '22
$12M
$3M
0.0%
28.0%
—
$426M
$20M
Mar '22
$14M
$1M
0.0%
31.1%
—
$465M
$16M
Dec '21
$20M
$13M
0.0%
56.5%
—
$513M
$30M
Sep '21
$10M
-$3M
0.0%
14.2%
—
$501M
$21M
Jun '21
$10M
-$3M
0.0%
9.5%
—
$502M
$40M
Valuation over time
How the market has priced FPI 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 fallen from 40.0× (Mar '23) to 13.3× (Jun '26).
The price-to-sales ratio has risen from 7.6× (Mar '23) to 8.0× (Jun '26).
The dividend yield has risen from 2.4% (Mar '23) to 15.2% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is FPI growing its revenue and profit?
Over the past 5 years, Farmland Partners Inc.'s revenue has grown 0.6% per year, and net income grown 34.7% per year. These are computed facts, not advice.
How much debt does FPI have?
As of FY2025, Farmland Partners Inc. reported $162M of total debt against $9M of cash.
What is FPI's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin 60.5%.
What is FPI's P/E ratio?
As of Jun '26, Farmland Partners Inc. traded at a price-to-earnings ratio of about 13.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield 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.