Farmland Partners Inc. (FPI) Earnings History
Profitable14 years of earnings data (2012–2025) · Positive TTM net income
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Farmland Partners Inc. (FPI) Earnings Overview
As of October 3, 2026, Farmland Partners Inc. (FPI) reported trailing twelve-month net income of $26M, reflecting -41.5% year-over-year growth. The company earned $0.59 per diluted share over the past four quarters, with a net profit margin of 60.5%.
Looking at the long-term picture, FPI's historical earnings data spans multiple years. The company achieved its highest annual net income of $60M in fiscal 2024.
Farmland Partners Inc. maintains industry-leading profitability with a gross margin of 64.4%, operating margin of 44.2%, and net margin of 60.5%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including LAND (-$6M net income, 15.3% margin), AGM ($221M net income, 15.7% margin), AFCG ($5M net income, -66.0% margin), FPI has outperformed on profitability metrics. Compare FPI vs LAND →
FPI Earnings vs Peers
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FPI Historical Earnings Data (2012–2025)
14 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $32M | -47.3% | $23M | $0.62 | 60.5% | 44.2% |
| 2024 | $60M | +93.8% | $26M | $1.06 | 102.9% | 43.8% |
| 2023 | $31M | +164.8% | $24M | $0.48 | 53.8% | 41.5% |
| 2022 | $12M | +16.8% | $25M | $0.16 | 19.1% | 40.8% |
| 2021 | $10M | +40.3% | $17M | $-0.17 | 19.3% | 32.4% |
| 2020 | $7M | -48.7% | $22M | $-0.18 | 14.0% | 44.1% |
| 2019 | $14M | +13.3% | $26M | $-0.20 | 25.9% | 49.2% |
| 2018 | $12M | +54.8% | $30M | $0.38 | 21.9% | 53.0% |
| 2017 | $8M | +84.0% | $23M | $0.03 | 17.1% | 48.7% |
| 2016 | $4M | +250.6% | $16M | $0.09 | 13.9% | 50.4% |
| 2015 | $1M | +316.0% | $6M | $0.08 | 8.9% | 45.2% |
| 2014 | $-568,192 | -1762.7% | $556,845 | $-0.13 | -13.5% | 13.2% |
| 2013 | $34,172 | -94.2% | $1M | $0.01 | 1.5% | 58.6% |
| 2012 | $586,352 | - | $2M | $0.15 | 27.6% | 82.3% |
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FPI — Frequently Asked Questions
Quick answers to the most common questions about buying FPI stock.
What is FPI earnings per share (EPS)?
FPI trailing twelve-month (TTM) diluted EPS is $0.59, reflecting -41.5% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 2012 to 2025 is available in the table on this page.
What is Farmland Partners Inc.'s net income?
Farmland Partners Inc. (FPI) trailing twelve-month net income is $26M as of 2025. Earnings declined -41.5% year-over-year. Farmland Partners Inc. has been profitable for 11 consecutive years.
Is FPI profitable?
Yes, FPI is profitable with a TTM net income of $26M and a net profit margin of +60.5%. Farmland Partners Inc. has generated profits for 11 consecutive years.
What is FPI's earnings growth rate?
FPI compound annual EPS growth rates (CAGR): 1-Year: -41.5%, 3-Year: +57.1%, 5-Year: N/A, 10-Year: +22.7%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2012 to 2025.
What are FPI's profit margins?
Farmland Partners Inc. net profit margin is +60.5%, operating margin is +44.2%, and gross margin is +64.4%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +5.6%.
Is FPI growing earnings?
FPI earnings are declining — EPS fell -41.5% year-over-year. TTM net income dropped to $26M. This contrasts with the 5-year CAGR of N/A.
What was FPI's best earnings year?
Farmland Partners Inc.'s highest annual net income on record is $60M, achieved in fiscal year 2024. Earnings history on this page spans 2012 to 2025 and includes all annual and quarterly figures.
What were FPI's earnings last quarter?
FPI's most recent reported quarter was Q2 2026. Net income was $3M with diluted EPS of $0.07. For a full breakdown of all quarters, see the quarterly earnings table on this page.