FPI
Farmland Partners Inc
NYSE: FPI · REAL ESTATE · REIT - SPECIALTY
$10.71
-0.37% today
Updated 2026-05-01
Market cap
$510.90M
P/E ratio
19.20
P/S ratio
9.87x
EPS (TTM)
$0.61
Dividend yield
2.07%
52W range
$9 – $13
Volume
0.5M
Farmland Partners Inc (FPI) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.12M | $2.35M | $4.22M | $13.76M | $31.00M | $46.22M | $56.07M | $53.56M | $50.69M | $51.74M | $61.21M | $57.47M | $58.23M | $52.18M |
| Revenue growth (YoY) | — | +10.7% | +79.5% | +226.1% | +125.4% | +49.1% | +21.3% | -4.5% | -5.4% | +2.1% | +18.3% | -6.1% | +1.3% | -10.4% |
| Cost of revenue | $185621.00 | $26802.00 | $248643.00 | $1.10M | $2.38M | $5.90M | $7.83M | $8.82M | $10.74M | $8.86M | $14.16M | $13.41M | $11.30M | $18.60M |
| Gross profit | $1.94M | $2.32M | $3.97M | $12.65M | $28.62M | $40.32M | $48.23M | $44.74M | $39.95M | $42.88M | $47.05M | $44.05M | $46.92M | $33.58M |
| Gross margin | 91.3% | 98.9% | 94.1% | 92.0% | 92.3% | 87.2% | 86.0% | 83.5% | 78.8% | 82.9% | 76.9% | 76.7% | 80.6% | 64.4% |
| R&D | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $50050.00 | $793448.00 | $2.89M | $5.28M | $8.47M | $8.71M | $9.81M | $10.07M | $9.64M | $18.38M | $14.88M | $12.55M | $15.72M | $11.72M |
| Operating income | $1.75M | $1.38M | $556845.00 | $6.22M | $15.63M | $22.53M | $29.69M | $26.34M | $22.33M | $16.79M | $24.97M | $23.86M | $25.50M | $23.05M |
| Operating margin | 82.3% | 58.6% | 13.2% | 45.2% | 50.4% | 48.7% | 53.0% | 49.2% | 44.1% | 32.4% | 40.8% | 41.5% | 43.8% | 44.2% |
| EBITDA | $1.89M | $1.53M | $-486741.00 | $7.37M | $17.19M | $30.51M | $38.42M | $42.76M | $30.31M | $24.52M | $35.29M | $61.67M | $85.88M | $45.95M |
| EBITDA margin | 88.9% | 64.9% | -11.5% | 53.6% | 55.4% | 66.0% | 68.5% | 79.8% | 59.8% | 47.4% | 57.7% | 107.3% | 147.5% | 88.1% |
| EBIT | $1.76M | $1.38M | $-815317.00 | $6.48M | $1.82M | $6.82M | $12.04M | $34.44M | $22.34M | $16.89M | $28.33M | $54.17M | $80.29M | $41.78M |
| Interest expense | $1.16M | $1.34M | $1.37M | $4.62M | $9.96M | $13.56M | $18.80M | $19.59M | $17.68M | $15.93M | $16.14M | $22.66M | $18.85M | $9.63M |
| Income tax | $1.16M | $1.34M | $-103105.00 | $9951.00 | $11000.00 | $1.24M | $1.79M | $20.81M | $17.98M | $16.28M | $227000.00 | $-166000.00 | $-16000.00 | $-15000.00 |
| Effective tax rate | 66.5% | 97.5% | 15.4% | 0.8% | 0.3% | 13.6% | 12.7% | 60.0% | 71.6% | 62.0% | 1.9% | -0.5% | -0.0% | -0.0% |
| Net income | $586352.00 | $34172.00 | $-568192.00 | $1.23M | $4.30M | $7.91M | $12.25M | $13.89M | $7.12M | $9.99M | $11.67M | $30.91M | $59.91M | $31.55M |
| Net income growth (YoY) | — | -94.2% | -1762.7% | +316.0% | +250.6% | +84.0% | +54.8% | +13.3% | -48.7% | +40.3% | +16.8% | +164.8% | +93.8% | -47.3% |
| Profit margin | 27.6% | 1.5% | -13.5% | 8.9% | 13.9% | 17.1% | 21.9% | 25.9% | 14.0% | 19.3% | 19.1% | 53.8% | 102.9% | 60.5% |