AGM
Federal Agricultural Mortgage Corporation
NYSE: AGM · FINANCIAL SERVICES · CREDIT SERVICES
$172.34
-1.38% today
Updated 2026-04-29
Market cap
$1.87B
P/E ratio
10.38
P/S ratio
5.03x
EPS (TTM)
$16.61
Dividend yield
3.43%
52W range
$137 – $205
Volume
0.1M
Federal Agricultural Mortgage Corporation (AGM) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $277.03M | $284.55M | $147.14M | $188.66M | $243.69M | $227.30M | $268.40M | $162.43M | $103.64M | $145.95M | $160.74M | $175.16M | $186.18M | $194.08M | $206.89M | $447.70M | $755.02M | $1.42B | $1.62B | $1.32B |
| Revenue growth (YoY) | — | +2.7% | -48.3% | +28.2% | +29.2% | -6.7% | +18.1% | -39.5% | -36.2% | +40.8% | +10.1% | +9.0% | +6.3% | +4.2% | +6.6% | +116.4% | +68.6% | +87.6% | +14.7% | -18.9% |
| Cost of revenue | $209.24M | $253.52M | $181.51M | $32.55M | $144.56M | $151.03M | $144.56M | $32.63M | $30.53M | $124.94M | $156.76M | $228.77M | $355.87M | $458.29M | $300.40M | $201.83M | $446.71M | $1.07B | $1.26B | $929.77M |
| Gross profit | $67.80M | $31.02M | $-34.38M | $188.66M | $99.12M | $76.26M | $123.84M | $162.43M | $103.64M | $145.95M | $160.74M | $175.16M | $186.18M | $194.08M | $206.89M | $245.88M | $308.31M | $350.20M | $363.69M | $388.56M |
| Gross margin | 24.5% | 10.9% | -23.4% | 100.0% | 40.7% | 33.6% | 46.1% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 54.9% | 40.8% | 24.7% | 22.4% | 29.5% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $20.66M | $8.51M | $27.14M | $24.85M | $25.80M | $27.62M | $30.31M | $29.38M | $31.21M | $35.16M | $37.88M | $40.19M | $47.24M | $49.07M | $58.48M | $70.35M | $78.54M | $93.88M | $102.21M | $129.85M |
| Operating income | $44.70M | $4.34M | $-173.23M | $242.70M | $66.50M | $44.65M | $91.12M | $246.36M | $221.63M | $241.96M | $291.02M | $373.74M | $505.87M | $138.65M | $137.43M | $172.46M | $225.68M | $253.10M | $258.10M | $255.72M |
| Operating margin | 16.1% | 1.5% | -117.7% | 128.6% | 27.3% | 19.6% | 33.9% | 151.7% | 213.9% | 165.8% | 181.0% | 213.4% | 271.7% | 71.4% | 66.4% | 38.5% | 29.9% | 17.9% | 15.9% | 19.4% |
| EBITDA | $172.18M | $135.52M | $-93.82M | $242.70M | $66.50M | $44.65M | $91.12M | $246.36M | $221.63M | $241.96M | $291.02M | $373.74M | $505.87M | $128.25M | $145.78M | $172.59M | $225.68M | $253.10M | $258.10M | $255.72M |
| EBITDA margin | 62.2% | 47.6% | -63.8% | 128.6% | 27.3% | 19.6% | 33.9% | 151.7% | 213.9% | 165.8% | 181.0% | 213.4% | 271.7% | 66.1% | 70.5% | 38.5% | 29.9% | 17.9% | 15.9% | 19.4% |
| EBIT | $44.70M | $4.34M | $-173.23M | $242.70M | $106.02M | $132.94M | $132.03M | $246.36M | $221.63M | $241.96M | $291.02M | $373.74M | $505.87M | $138.65M | $137.43M | $172.46M | $396.18M | $127.00M | — | — |
| Interest expense | $211.63M | $253.31M | $166.98M | $90.58M | $142.67M | $153.38M | $142.69M | $137.28M | $170.72M | $139.02M | $171.63M | $242.88M | $369.85M | $471.96M | $312.95M | $204.01M | $445.91M | $1.06B | $1.25B | $909.56M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $32.01M | $6.66M | $-150.36M | $99.60M | $31.99M | $16.66M | $46.77M | $75.33M | $48.09M | $68.70M | $77.33M | $84.48M | $108.08M | $109.55M | $108.65M | $136.09M | $178.14M | $200.00M | $207.19M | $207.39M |
| Net income growth (YoY) | — | -79.2% | -2357.4% | +166.2% | -67.9% | -47.9% | +180.7% | +61.1% | -36.2% | +42.9% | +12.6% | +9.2% | +27.9% | +1.4% | -0.8% | +25.3% | +30.9% | +12.3% | +3.6% | +0.1% |
| Profit margin | 11.6% | 2.3% | -102.2% | 52.8% | 13.1% | 7.3% | 17.4% | 46.4% | 46.4% | 47.1% | 48.1% | 48.2% | 58.1% | 56.4% | 52.5% | 30.4% | 23.6% | 14.1% | 12.8% | 15.7% |