tradmap

FPI Financials Farmland Partners Inc.

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
-$568000 $30M $61M $0 2012 2014 2016 2018 2020 2022 2024
RevenueNet income
Margins (gross / operating / net)
0% 51% 103% 2012 2014 2016 2018 2020 2022 2024
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $1 $1 2012 2014 2016 2018 2020 2022 2024
Free cash flow
Cash vs total debt
$0 $263M $525M 2012 2014 2016 2018 2020 2022 2024
CashTotal debt
Cash flow: operating / investing / financing
-$234M $17M $269M $0 2012 2014 2016 2018 2020 2022 2024
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
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

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.

Price / earnings (P/E)
0.0 23.3 46.6 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 5.5 10.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 7.6 15.2 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
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.