Farmland Partners Inc. logo FPI - Farmland Partners Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 6
HOLD 9
SELL 0
STRONG
SELL 0
| PRICE TARGET: $17.00 DETAILS
HIGH: $17.00
LOW: $17.00
MEDIAN: $17.00
CONSENSUS: $17.00
UPSIDE: 62.99%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Revenue
Revenue 52.2 58.2 57.5 61.2 51.7 50.7 53.6 56.1 46.2 31.0 13.8 4.2 2.4 2.1
Cost of Revenue 18.6 11.3 13.4 14.2 8.9 10.7 8.8 7.8 5.9 2.4 1.1 0.2 0.0 0.2
Gross Profit 33.6 46.9 44.1 47.1 42.9 40.0 44.7 48.2 40.3 28.6 12.7 4.0 2.3 1.9
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 11.7 15.7 12.6 14.9 18.4 9.6 10.1 9.8 8.7 8.5 5.3 2.9 0.8 0.1
Other Expenses (1.2) 5.7 7.6 7.2 7.7 8.0 8.3 0.3 0.4 0.3 0.1 0.1 0.2 0.1
Operating Expenses 10.5 21.4 20.2 22.1 26.0 17.6 18.4 18.4 16.9 10.5 6.2 3.2 0.9 0.2
Operating Income
Operating Income 23.1 25.5 23.9 25.0 16.8 22.3 26.3 29.7 22.5 15.6 6.2 0.6 1.4 1.7
Interest Expense 9.6 18.9 22.7 16.1 15.9 17.7 19.6 18.8 13.6 10.0 4.6 1.4 1.3 1.2
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 46.0 85.9 61.7 35.3 24.5 30.3 42.8 38.4 30.5 17.2 7.4 (0.5) 1.5 1.9
EBIT 41.8 80.3 54.2 28.3 16.9 22.3 34.4 32.8 22.7 16.0 6.5 (0.8) 1.4 1.7
Income Before Tax 32.2 61.4 31.5 12.2 26.5 7.5 14.8 14.0 9.2 6.0 1.7 (0.7) 0.0 0.6
Income Tax Expense (0.0) (0.0) (0.2) 0.2 16.3 0 0 0 0 0.0 0.0 (0.1) 0 1.2
Net Income 31.5 59.9 30.9 11.7 10.0 7.1 13.9 12.3 7.9 4.3 1.2 (0.6) 0.0 0.6
Per Share Data
EPS (Basic) 0.71 1.19 0.55 0.16 -0.17 -0.18 -0.20 0.38 0.03 0.09 0.08 -0.13 0.01 0.15
EPS (Diluted) 0.62 1.06 0.48 0.16 -0.17 -0.18 -0.20 0.38 0.03 0.09 0.08 -0.13 0.01 0.15
Shares Outstanding 44.2 47.5 50.2 51.0 34.6 29.4 30.2 32.2 31.0 13.2 9.6 4.3 4.0 4.0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Current Assets
Cash & Cash Equivalents 9.3 78.4 5.5 7.7 30.2 27.2 12.6 16.9 53.5 47.2
Short-Term Investments 0 0 0 0 0 0 0 0 0 0
Net Receivables 84.6 58.5 38.9 29.0 11.0 6.5 10.3 18.0 16.4 7.0
Inventory 2.3 2.7 2.3 2.8 3.1 1.1 1.6 0.3 0.1 0.3
Other Current Assets (4.4) 0.1 2.3 0.0 3.9 2.9 3.4 3.6 3.1 1.1
Total Current Assets 91.8 139.7 49.5 39.6 48.2 37.7 27.8 38.9 73.4 61.2
Non-Current Assets
Property, Plant & Equipment 0.2 0.2 0.4 0.3 0.1 0.1 0.1 1,100.1 1,092.1 594.1
Goodwill 0 2.7 2.7 2.7 2.7 0 0 0 0 0
Intangible Assets 0 1.4 2.0 2.1 1.9 0 0 0 0 0
Long-Term Investments 620.7 4.1 4.1 4.2 3.4 0 0 0 0 0
Other Non-Current Assets (620.7) 720.5 963.2 1,111.3 (56.4) 1,053.2 1,074.6 (1,139.0) (1,165.4) (655.3)
Total Non-Current Assets 0.2 728.9 972.5 1,117.3 1,073.3 1,053.3 1,074.7 1,100.6 1,092.7 594.3
Total Assets 719.1 868.6 1,022.0 1,160.1 1,121.5 1,091.0 1,102.6 1,139.5 1,166.1 655.5
Current Liabilities
Account Payables 0 0 0 0 0 0 0 0 0 0
Short-Term Debt 0 0 0 0 0.8 0 0 0 0 0
Deferred Revenue 1.2 0.1 2.1 0.0 0.0 0.0 0.1 0.2 3.9 1.0
Other Current Liabilities (19.9) 0 0 0 (0.8) 0 0 0 0 0
Total Current Liabilities 0.2 68.1 29.9 18.7 16.7 15.2 12.5 11.5 16.3 11.2
Non-Current Liabilities
Long-Term Debt 161.0 203.7 360.9 436.9 511.3 506.6 511.4 523.6 514.1 308.8
Deferred Tax Liabilities 0 0 0 (18.7) 0.1 0 0 (120.7) (124.4) (1.0)
Other Non-Current Liabilities 18.7 0 0 18.4 0.7 2.9 122.1 0.6 (3.9) 118.9
Total Non-Current Liabilities 181.1 203.9 361.3 437.2 512.2 509.6 633.6 524.5 514.1 428.7
Total Liabilities 181.1 272.0 391.2 455.9 528.9 524.8 646.1 536.0 530.4 439.9
Stockholders' Equity
Common Stock 0.4 0.5 0.5 0.5 0.4 0.3 0.3 0.3 0.3 0.2
Retained Earnings (62.3) (72.1) (64.5) (70.4) (66.6) (53.7) (42.5) (37.8) (26.0) 4.1
Accumulated Other Comprehensive Income 0 1.5 0 3.3 0.3 (2.4) (1.6) (0.9) 635.7 335.5
Total Stockholders' Equity 459.4 481.9 515.9 580.8 458.3 429.8 437.4 438.3 468.7 161.9
Total Liabilities & Equity 719.1 868.6 1,022.0 1,160.1 1,121.5 1,091.0 1,102.6 1,139.5 1,166.1 655.5
Debt Metrics
Total Debt 161.2 203.9 361.3 437.2 511.4 506.7 511.5 523.6 514.1 308.8
Net Debt 151.9 125.4 355.8 429.5 481.3 479.5 498.9 506.8 460.5 261.6
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Operating Activities
Net Income 31.5 61.5 30.8 11.6 10.3 7.5 14.8 14.0 9.2 6.0
Depreciation & Amortization 4.2 5.6 7.5 7.0 7.6 8.0 8.3 (0.0) 7.8 (0.0)
Stock-Based Compensation 2.2 2.3 1.9 0 1.3 1.1 1.4 1.6 1.4 1.2
Change in Working Capital (2.2) 0.2 1.2 (2.2) (3.8) 4.3 0.4 (2.6) (18.1) (3.9)
Other Non-Cash Items (18.3) (53.5) (28.4) 0.7 (7.5) (1.1) (7.0) 0.3 0.2 0.2
Operating Cash Flow 17.4 16.1 12.9 17.1 7.9 19.7 18.0 20.0 0.9 5.0
Investing Activities
Capital Expenditure 0 0 0 (4.2) 0 0 0 (12.8) (21.6) (131.8)
Acquisitions 0 0 0 (0.1) (1.8) 0 0 0 0 0
Purchases of Investments 0 0 0 (75.9) 0 0 0 (39.8) (212.7) (5.7)
Sales/Maturities of Investments 0 0 0 19.8 0 0 0 36.7 0 0.1
Other Investing Activities 63.4 268.8 158.5 0 (16.9) 18.7 31.1 (15.9) (234.1) (137.4)
Investing Cash Flow 63.4 268.8 158.5 (60.4) (18.8) 18.7 31.1 (15.9) (234.1) (137.4)
Financing Activities
Net Debt Issuance (43.0) (158.5) (76.4) 46.3 5.2 (4.7) (11.4) 9.3 131.0 122.6
Stock Repurchased (38.1) (27.5) (72.6) (10.2) 0 (9.9) (22.9) (20.6) (10) 0
Dividends Paid (63.7) (24.6) (15.5) (14.6) (16.4) (18.3) (18.7) (27.0) (20.9) (6.6)
Other Financing Activities (5.1) (1.3) (1.1) (0.8) (1.4) (0.9) (0.4) (2.0) (5.0) (4.4)
Financing Cash Flow (150.0) (211.9) (173.5) 20.8 13.9 (23.7) (53.4) (40.8) 239.5 156.0
Cash Position
Net Change in Cash (69.1) 73.0 (2.2) (22.5) 3.0 14.7 (4.3) (36.6) 6.4 23.7
Cash at Beginning 78.4 5.5 7.7 30.2 27.2 12.6 16.9 53.5 47.2 23.5
Cash at End 9.3 78.4 5.5 7.7 30.2 27.2 12.6 16.9 53.5 47.2
Free Cash Flow 17.4 16.1 12.9 12.8 7.9 19.7 18.0 7.2 (20.6) (126.7)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Income Statement
Revenue 52.2 58.2 57.5 61.2 51.7 50.7 53.6 56.1 46.2 31.0 13.8 4.2 2.4 2.1
Gross Profit 33.6 46.9 44.1 47.1 42.9 40.0 44.7 48.2 40.3 28.6 12.7 4.0 2.3 1.9
Operating Income 23.1 25.5 23.9 25.0 16.8 22.3 26.3 29.7 22.5 15.6 6.2 0.6 1.4 1.7
Net Income 31.5 59.9 30.9 11.7 10.0 7.1 13.9 12.3 7.9 4.3 1.2 (0.6) 0.0 0.6
EPS (Diluted) 0.62 1.06 0.48 0.16 -0.17 -0.18 -0.20 0.38 0.03 0.09 0.08 -0.13 0.01 0.15
Balance Sheet
Cash & Equivalents 9.3 78.4 5.5 7.7 30.2 27.2 12.6 16.9 53.5 47.2
Total Assets 719.1 868.6 1,022.0 1,160.1 1,121.5 1,091.0 1,102.6 1,139.5 1,166.1 655.5
Total Debt 161.2 203.9 361.3 437.2 511.4 506.7 511.5 523.6 514.1 308.8
Stockholders' Equity 459.4 481.9 515.9 580.8 458.3 429.8 437.4 438.3 468.7 161.9
Cash Flow
Operating Cash Flow 17.4 16.1 12.9 17.1 7.9 19.7 18.0 20.0 0.9 5.0
Capital Expenditure 0 0 0 (4.2) 0 0 0 (12.8) (21.6) (131.8)
Free Cash Flow 17.4 16.1 12.9 12.8 7.9 19.7 18.0 7.2 (20.6) (126.7)