FPI
Farmland Partners Inc.
REIT - Specialty
Market Cap$466M
5Y Perf.+54.8%
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Stock Comparison
FPI vs AGM
Revenue, margins, valuation, and 5-year total return — side by side.
AGM
Federal Agricultural Mortgage Corporation
Financial - Credit Services
Market Cap$1.95B
5Y Perf.+179.0%
FPI vs AGM — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | FPI | AGM |
|---|---|---|
| Industry | REIT - Specialty | Financial - Credit Services |
| Market Cap | $466M | $1.95B |
| Revenue (TTM) | $54M | $1.32B |
| Net Income (TTM) | $30M | $210M |
| Gross Margin | 78.7% | 29.5% |
| Operating Margin | 45.6% | 19.4% |
| Forward P/E | 50.1x | 9.5x |
| Total Debt | $161M | $30.82B |
| Cash & Equiv. | $9M | $931M |
FPI vs AGM — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
FPI
AGM
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Farmland Partners I… (FPI) | 100 | 154.8 | +54.8% |
| Federal Agricultura… (AGM) | 100 | 279.0 | +179.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: FPI vs AGM
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: FPI leads in 6 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Federal Agricultural Mortgage Corporation is the stronger pick specifically for valuation and capital efficiency. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
FPI
Farmland Partners Inc.
The Real Estate Income Play
FPI carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 2 yrs, beta 0.56, yield 11.6%
- Rev growth -10.4%, EPS growth -41.5%, 3Y rev CAGR -5.2%
- Lower volatility, beta 0.56, Low D/E 30.0%, current ratio 537.08x
Best for: income & stability and growth exposure
AGM
Federal Agricultural Mortgage Corporation
The Banking Pick
AGM is the clearest fit if your priority is long-term compounding.
- 409.4% 10Y total return vs FPI's 33.2%
- Lower P/E (9.5x vs 50.1x)
Best for: long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | FPI | -10.4% FFO/revenue growth vs AGM's -18.9% |
| Value | AGM | Lower P/E (9.5x vs 50.1x) |
| Quality / Margins | FPI | 56.0% margin vs AGM's 15.7% |
| Stability / Safety | FPI | Beta 0.56 vs AGM's 0.76, lower leverage |
| Dividends | FPI | 11.6% yield, 2-year raise streak, vs AGM's 4.5% |
| Momentum (1Y) | FPI | +9.2% vs AGM's +5.8% |
| Efficiency (ROA) | FPI | 4.1% ROA vs AGM's 0.6%, ROIC 2.4% vs 0.6% |
FPI vs AGM — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
Segment breakdown not available.
FPI vs AGM — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLFPILAGGINGAGM
AGMFederal Agricultural …
2leads
FPIFarmland Partners Inc.
2leads
6 Total Categories
CATEGORYLEADERvs AGMMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
FPI4/5
Valuation MetricsMultiples, price ratios, and targets
AGM4/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
FPI8/9
Total Returns1Y, 3Y, 5Y total returns with dividends
AGM4/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
FPI leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
AGM is the larger business by revenue, generating $1.3B annually — 24.5x FPI's $54M. FPI is the more profitable business, keeping 56.0% of every revenue dollar as net income compared to AGM's 15.7%.
| Metric | FPIFarmland Partners… | AGMFederal Agricultu… |
|---|---|---|
| RevenueTrailing 12 months | $54M | $1.3B |
| EBITDAEarnings before interest/tax | $28M | $193M |
| Net IncomeAfter-tax profit | $30M | $210M |
| Free Cash FlowCash after capex | $19M | $222M |
| Gross MarginGross profit ÷ Revenue | +78.7% | +29.5% |
| Operating MarginEBIT ÷ Revenue | +45.6% | +19.4% |
| Net MarginNet income ÷ Revenue | +56.0% | +15.7% |
| FCF MarginFCF ÷ Revenue | +35.9% | +6.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | -1.5% | — |
| EPS Growth (YoY)Latest quarter vs prior year | -64.2% | 0.0% |
FPI leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
AGM leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 10.8x trailing earnings, AGM trades at a 38% valuation discount to FPI's 17.2x P/E. On an enterprise value basis, FPI's 22.7x EV/EBITDA is more attractive than AGM's 124.5x.
| Metric | FPIFarmland Partners… | AGMFederal Agricultu… |
|---|---|---|
| Market CapShares × price | $466M | $2.0B |
| Enterprise ValueMkt cap + debt − cash | $618M | $31.8B |
| Trailing P/EPrice ÷ TTM EPS | 17.23x | 10.76x |
| Forward P/EPrice ÷ next-FY EPS est. | 50.07x | 9.48x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.72x |
| EV / EBITDAEnterprise value multiple | 22.70x | 124.53x |
| Price / SalesMarket cap ÷ Revenue | 8.93x | 1.48x |
| Price / BookPrice ÷ Book value/share | 1.02x | 1.14x |
| Price / FCFMarket cap ÷ FCF | 26.74x | 24.38x |
AGM leads this category, winning 4 of 6 comparable metrics.
Profitability & Efficiency
FPI leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
AGM delivers a 12.6% return on equity — every $100 of shareholder capital generates $13 in annual profit, vs $6 for FPI. FPI carries lower financial leverage with a 0.30x debt-to-equity ratio, signaling a more conservative balance sheet compared to AGM's 17.93x. On the Piotroski fundamental quality scale (0–9), FPI scores 6/9 vs AGM's 4/9, reflecting solid financial health.
| Metric | FPIFarmland Partners… | AGMFederal Agricultu… |
|---|---|---|
| ROE (TTM)Return on equity | +5.7% | +12.6% |
| ROA (TTM)Return on assets | +4.1% | +0.6% |
| ROICReturn on invested capital | +2.4% | +0.6% |
| ROCEReturn on capital employed | +3.0% | +1.1% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 4 |
| Debt / EquityFinancial leverage | 0.30x | 17.93x |
| Net DebtTotal debt minus cash | $152M | $29.9B |
| Cash & Equiv.Liquid assets | $9M | $931M |
| Total DebtShort + long-term debt | $161M | $30.8B |
| Interest CoverageEBIT ÷ Interest expense | 4.34x | 0.17x |
FPI leads this category, winning 8 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
AGM leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in AGM five years ago would be worth $18,168 today (with dividends reinvested), compared to $9,699 for FPI. Over the past 12 months, FPI leads with a +9.2% total return vs AGM's +5.8%. The 3-year compound annual growth rate (CAGR) favors AGM at 14.5% vs FPI's 6.2% — a key indicator of consistent wealth creation.
| Metric | FPIFarmland Partners… | AGMFederal Agricultu… |
|---|---|---|
| YTD ReturnYear-to-date | +12.0% | +2.3% |
| 1-Year ReturnPast 12 months | +9.2% | +5.8% |
| 3-Year ReturnCumulative with dividends | +19.9% | +50.2% |
| 5-Year ReturnCumulative with dividends | -3.0% | +81.7% |
| 10-Year ReturnCumulative with dividends | +33.2% | +409.4% |
| CAGR (3Y)Annualised 3-year return | +6.2% | +14.5% |
AGM leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
Evenly matched — FPI and AGM each lead in 1 of 2 comparable metrics.
Risk & Volatility
FPI is the less volatile stock with a 0.56 beta — it tends to amplify market swings less than AGM's 0.76 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. AGM currently trades 84.9% from its 52-week high vs FPI's 80.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | FPIFarmland Partners… | AGMFederal Agricultu… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.56x | 0.76x |
| 52-Week HighHighest price in past year | $13.23 | $210.64 |
| 52-Week LowLowest price in past year | $9.37 | $136.57 |
| % of 52W HighCurrent price vs 52-week peak | +80.7% | +84.9% |
| RSI (14)Momentum oscillator 0–100 | 29.2 | 59.2 |
| Avg Volume (50D)Average daily shares traded | 408K | 102K |
Evenly matched — FPI and AGM each lead in 1 of 2 comparable metrics.
Analyst Outlook
Evenly matched — FPI and AGM each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates FPI as "Hold" and AGM as "Buy". Consensus price targets imply 59.2% upside for FPI (target: $17) vs 30.2% for AGM (target: $233). For income investors, FPI offers the higher dividend yield at 11.64% vs AGM's 4.53%.
| Metric | FPIFarmland Partners… | AGMFederal Agricultu… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $17.00 | $233.00 |
| # AnalystsCovering analysts | 15 | 5 |
| Dividend YieldAnnual dividend ÷ price | +11.6% | +4.5% |
| Dividend StreakConsecutive years of raises | 2 | 14 |
| Dividend / ShareAnnual DPS | $1.24 | $8.11 |
| Buyback YieldShare repurchases ÷ mkt cap | +8.2% | 0.0% |
Evenly matched — FPI and AGM each lead in 1 of 2 comparable metrics.
Key Takeaway
FPI leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). AGM leads in 2 (Valuation Metrics, Total Returns). 2 tied.
Best OverallFarmland Partners Inc. (FPI)Leads 2 of 6 categories
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FPI vs AGM: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is FPI or AGM a better buy right now?
For growth investors, Farmland Partners Inc.
(FPI) is the stronger pick with -10. 4% revenue growth year-over-year, versus -18. 9% for Federal Agricultural Mortgage Corporation (AGM). Federal Agricultural Mortgage Corporation (AGM) offers the better valuation at 10. 8x trailing P/E (9. 5x forward), making it the more compelling value choice. Analysts rate Federal Agricultural Mortgage Corporation (AGM) a "Buy" — based on 5 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — FPI or AGM?
On trailing P/E, Federal Agricultural Mortgage Corporation (AGM) is the cheapest at 10.
8x versus Farmland Partners Inc. at 17. 2x. On forward P/E, Federal Agricultural Mortgage Corporation is actually cheaper at 9. 5x.
03Which is the better long-term investment — FPI or AGM?
Over the past 5 years, Federal Agricultural Mortgage Corporation (AGM) delivered a total return of +81.
7%, compared to -3. 0% for Farmland Partners Inc. (FPI). Over 10 years, the gap is even starker: AGM returned +409. 4% versus FPI's +33. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — FPI or AGM?
By beta (market sensitivity over 5 years), Farmland Partners Inc.
(FPI) is the lower-risk stock at 0. 56β versus Federal Agricultural Mortgage Corporation's 0. 76β — meaning AGM is approximately 36% more volatile than FPI relative to the S&P 500. On balance sheet safety, Farmland Partners Inc. (FPI) carries a lower debt/equity ratio of 30% versus 18% for Federal Agricultural Mortgage Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — FPI or AGM?
By revenue growth (latest reported year), Farmland Partners Inc.
(FPI) is pulling ahead at -10. 4% versus -18. 9% for Federal Agricultural Mortgage Corporation (AGM). On earnings-per-share growth, the picture is similar: Federal Agricultural Mortgage Corporation grew EPS 1. 1% year-over-year, compared to -41. 5% for Farmland Partners Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — FPI or AGM?
Farmland Partners Inc.
(FPI) is the more profitable company, earning 60. 5% net margin versus 15. 7% for Federal Agricultural Mortgage Corporation — meaning it keeps 60. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FPI leads at 44. 2% versus 19. 4% for AGM. At the gross margin level — before operating expenses — FPI leads at 64. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is FPI or AGM more undervalued right now?
On forward earnings alone, Federal Agricultural Mortgage Corporation (AGM) trades at 9.
5x forward P/E versus 50. 1x for Farmland Partners Inc. — 40. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FPI: 59. 2% to $17. 00.
08Which pays a better dividend — FPI or AGM?
All stocks in this comparison pay dividends.
Farmland Partners Inc. (FPI) offers the highest yield at 11. 6%, versus 4. 5% for Federal Agricultural Mortgage Corporation (AGM).
09Is FPI or AGM better for a retirement portfolio?
For long-horizon retirement investors, Federal Agricultural Mortgage Corporation (AGM) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
76), 4. 5% yield, +409. 4% 10Y return). Both have compounded well over 10 years (AGM: +409. 4%, FPI: +33. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between FPI and AGM?
These companies operate in different sectors (FPI (Real Estate) and AGM (Financial Services)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(FPI: -1.5% · AGM: -18.9%)Net Margin>
%
(FPI: 56.0% · AGM: 15.7%)P/E Ratio<
x
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