Financial health
- Total debt ($474M) exceeds cash ($27M); net debt is $446M.
Shareholder returns
- Dividends have been paid for 12 consecutive years, consuming 151.3% of earnings.
- The dividend has grown 11.2% per year over the past 5 years.
LANDO Financials GLADSTONE LAND 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 →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $12M | $14M | 21.2% | 0.0% | — | $474M | $27M |
| 2024 | $0 | $13M | — | — | — | $528M | $18M |
| 2023 | $0 | $15M | — | — | — | $574M | $19M |
| 2022 | — | $5M | — | — | — | $627M | $61M |
| 2021 | — | $3M | — | — | — | $668M | $17M |
| 2020 | — | $5M | — | — | — | $624M | $9M |
| 2019 | — | $2M | — | — | — | $482M | $14M |
| 2018 | — | $3M | — | — | — | $336M | $15M |
| 2017 | — | -$31000 | — | — | — | $301M | $3M |
| 2016 | — | $448000 | — | — | — | $207M | $2M |
| 2015 | — | $569000 | — | — | — | $142M | $3M |
| 2014 | — | -$125133 | — | — | — | $86M | $3M |
| 2013 | — | -$1M | — | — | — | $43M | $16M |
| 2012 | — | $600373 | — | — | — | $31M | $873474 |
| 2011 | — | $6219 | — | — | — | — | $2M |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $2M | -$4M | 0.0% | 0.0% | — | $484M | $9M |
| Dec '25 | — | $4M | — | — | — | $474M | $27M |
| Sep '25 | — | $2M | — | — | — | $480M | $11M |
| Jun '25 | — | -$8M | — | — | — | $496M | $30M |
| Mar '25 | $0 | $15M | — | — | — | $499M | $43M |
| Dec '24 | — | $540000 | — | — | — | $528M | $18M |
| Sep '24 | — | $6000 | — | — | — | $531M | $13M |
| Jun '24 | — | -$823000 | — | — | — | $549M | $50M |
| Mar '24 | — | $14M | — | — | — | $552M | $52M |
| Dec '23 | — | $2M | — | — | — | $574M | $19M |
| Sep '23 | — | $3M | — | — | — | $584M | $25M |
| Jun '23 | — | $8M | — | — | — | $594M | $48M |
| Mar '23 | — | $2M | — | — | — | $599M | $39M |
| Dec '22 | — | $1M | — | — | — | $627M | $61M |
| Sep '22 | — | $2M | — | — | — | $640M | $37M |
| Jun '22 | — | $616000 | — | — | — | $662M | $48M |
| Mar '22 | — | $1M | — | — | — | $660M | $49M |
| Dec '21 | — | $2M | — | — | — | $668M | $17M |
| Sep '21 | — | $1M | — | — | — | $646M | $66M |
| Jun '21 | — | -$530000 | — | — | — | $628M | $67M |
Valuation over time
How the market has priced LANDO 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 180.2× (Mar '23) to 55.2× (Jun '26).
- The price-to-sales ratio has risen from 56.3× (Dec '25) to 61.4× (Jun '26).
- The dividend yield has risen from 2.2% (Mar '23) to 2.7% (Jun '26).
P/E
P/S
Dividend yield %
Frequently asked questions
Is LANDO growing its revenue and profit?
See the revenue and net-income charts above for GLADSTONE LAND Corp's multi-year trend.
How much debt does LANDO have?
As of FY2025, GLADSTONE LAND Corp reported $474M of total debt against $27M of cash.
What is LANDO's profit margin?
In FY2025, gross margin was 21.2%, operating margin —, and net margin 111.2%.
What is LANDO's P/E ratio?
As of Jun '26, GLADSTONE LAND Corp traded at a price-to-earnings ratio of about 55.2× (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.