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Research & education only — not financial advice. EDGAR is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates — see Disclosures. Do your own research.

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Home›Stocks›FPI

FPI

Farmland Partners Inc.

Next earnings Jul 21, 2026 (after close) · consensus $0.02 EPS, $9.53M rev

Last earnings -0.5% on 2026-04-29

Sell
$9.91
▲ +3.23%
$9.91▼ -9.68%
over 1Y
L $9.08EODHDH $12.94
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+3.2%
1W+2.2%
1M-5.2%
3M-8.2%
YTD+3.3%
1Y-9.7%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Sell
Quality
C+
Valuation
Overvalued
Filings
Clean
Sell
Conviction
Horizon
Medium (3–12mo)
Street · 10 analysts
Sell

Strong net margin (60.5%); but revenue fell -10.4% YoY.

Revenue (FY2025) $52.2M · FY2025

The read

Weak on both the fundamentals and the price — little to like at the current level.

Farmland Partners Inc. shows $52.2M in FY2025 revenue (-10.4% YoY), a 60.5% net margin, and 6.7% ROE.

Financials · annual, by fiscal year

Line itemFY21FY22FY23FY24FY25
Revenue$51.7M$61.2M$57.5M$58.2M$52.2M
Gross profit—————
Operating income$16.8M$25.0M———
Net income$9.99M$11.7M$30.9M$59.9M$31.5M
Diluted EPS-$0.17$0.16$0.53$1.06$0.61
Net margin19.3%19.1%53.8%102.9%60.5%

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield7.3%
FCF yield—

Quality & risk

ROIC (est.)3.1%
Free cash flow—
Total debt$162M
Net cash-$152M
Piotroski F-Score5/7

Capital returns

Buyback yield8.8%
Dividend yield (est.)14.8%
Shareholder yield23.5%
Shares Δ YoY-5.1%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Routine disclosure cadence — no material red flags in recent filings.
  1. 8-K Shareholder vote2026-04-30
  2. 10-Q Quarterly report2026-04-30
  3. 8-K Earnings results2026-04-29
  4. DEF 14A Proxy statement2026-03-17
  5. 10-K Annual report2026-02-19
  6. 8-K Earnings results2026-02-18
  7. 10-Q Quarterly report2025-10-30
  8. 8-K Earnings results2025-10-29
  9. 10-Q Quarterly report2025-07-24

Recent filings

all on EDGAR ↗
4Period ending 2026-06-252026-06-26open ↗4Period ending 2026-04-282026-04-30open ↗4Period ending 2026-04-282026-04-30open ↗4Period ending 2026-04-282026-04-30open ↗8-KPeriod ending 2026-04-282026-04-30open ↗10-QPeriod ending 2026-03-312026-04-30open ↗8-KPeriod ending 2026-04-292026-04-29open ↗SCHEDULE 13G/AFiling2026-03-26open ↗ARSPeriod ending 2025-12-312026-03-17open ↗DEFA14AFiling2026-03-17open ↗DEF 14APeriod ending 2026-04-282026-03-17open ↗4Period ending 2026-03-042026-03-05open ↗

Quality score

C+
ValueGrowthProfitHealthMom.
ValueC
GrowthF
ProfitabilityA-
Financial healthA-
Momentum—
  • ✗Revenue growing year-over-year
  • ✓Profitable (positive net income)
  • ✓Net margin above 10%
  • ✗Return on equity above 15%
  • ✓P/E below 25

Fair value est.

$4.90

Overvalued -51% vs price

cheapfair valueexpensive

Modified Graham: EPS $0.61 × (8.5 + 1.5 × 0.0% growth) × 0.95 quality = 8.0× multiple. An estimate, not a price target.

Revenue
$52.2M
-10.4% YoY
Net margin
60.5%
ROE
6.7%
P/E
16.2

SEC fundamentals · FY 2025

'21'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$52.2M-10.4%
Net income$31.5M-47.3%
Operating income$25.0M+48.5%
Diluted EPS$0.61-42.5%
Cash & equivalents$9.29M-88.2%
Total assets$719M-17.3%
Total liabilities$181M-33.7%
Stockholders' equity$467M-5.5%
Op.: 47.9%L/E: 0.39x

Frequently asked

Is Farmland Partners Inc. (FPI) a buy?
FPI currently carries a Sell rating with 2/5 conviction, derived from its latest SEC filings. Strong net margin (60.5%); but revenue fell -10.4% YoY.
What is FPI's fair value?
A Modified-Graham model based on FPI's SEC fundamentals estimates a fair value of about $4.90. It is an estimate from reported earnings, not a price target.
Is FPI overvalued or undervalued?
Against a Modified-Graham fair-value estimate, FPI currently appears overvalued relative to its SEC-grounded earnings power.
What is Farmland Partners Inc.'s quality score?
FPI scores 60.725490196078425/100 (grade C+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001591670, latest 10-Q filed 2026-04-30) · EODHD · as of 6/26/2026, 6:47:23 PM.

Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Insider activity

Form 4 · SEC

Last 90 days: 1 open-market buy · 0 sales

2026-06-25
Sherrick Bruce J
Director
Buy2.00K @ $9.65$19.3K
2026-04-28
Good John A
Director
Award3.99K @ $11.54$46.0K
2026-04-28
Sherrick Bruce J
Director
Award3.73K @ $11.54$43.0K
2026-04-28
Moore Danny D.
Director
Award3.73K @ $11.54$43.0K
2026-03-04
Pittman Paul A
Executive Chairman
Tax7.01K @ $12.97$90.9K
2026-03-04
Fabbri Luca
President and CEO
Tax3.90K @ $12.97$50.6K
2026-03-04
Garrison Christine M.
General Counsel and Secretary
Tax892.00 @ $12.97$11.6K
2026-02-24
Pittman Paul A
Executive Chairman
Tax2.14K @ $12.62$27.0K

Dividends

Quarterly
Yield (TTM)
5.7%
Annual / share
$0.56
Last ex-date
2026-07-01
Last amount
$0.09
ex 2026-07-01paid 2026-07-15$0.09
ex 2026-04-01paid 2026-04-15$0.09
ex 2026-01-02paid 2026-01-15$0.06
ex 2025-12-23paid 2026-01-07$0.20
ex 2025-10-01paid 2025-10-15$0.06
ex 2025-07-01paid 2025-07-15$0.06

Source: EODHD. Yield = trailing-12-month dividends ÷ price.

Earnings history

beat/miss · move
2026-04-29Miss -50.5% est▼ -0.52%8-K ↗
2026-02-18Beat +150.4% est▼ -2.01%8-K ↗
2025-10-29Miss -60.4% est▼ -1.85%8-K ↗
2025-07-23Beat +12841.2% est▲ +0.53%8-K ↗
2025-05-07—▼ -1.86%8-K ↗
2025-02-19—▼ -0.85%8-K ↗

Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.

Recent news

market news →
Farmland Partners declares $0.09 dividendBullish
seekingalpha.com· 2026-04-30
Farmland Partners (FPI) Reported Better-Than-Expected Operating Results in Q1Bullish
finance.yahoo.com· 2026-04-09
Palm Valley Capital Fund Trimmed Its Stake in Heartland Express (HTLD)Bullish
finance.yahoo.com· 2026-04-09
Chord Energy (CHRD) Rallied Along With Rising Oil PricesBullish
finance.yahoo.com· 2026-04-09
Farmland Partners (FPI) Earnings TranscriptBullish
finance.yahoo.com· 2026-02-23
Farmland Partners Q4 Earnings Call HighlightsBullish
finance.yahoo.com· 2026-02-23

Vs tracked universe

compare →

1044 tracked peers · median

EDGAR Score61 vs 67
Revenue growth-10.4% vs 7.1%
Net margin60.5% vs 10.5%
Return on equity6.7% vs 12.3%
P/E16.2 vs 25.5