Last 48 quarters of trend data · Real Estate · REIT - Specialty
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Farmland Partners Inc.'s quarterly P/E stands at 280.8x, up 181.0% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 14.0% YoY to 39.0x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 15.74 | 280.75 | 5.27 | — | 20.55 | 99.91 | 2.85 | 121.51 | — | 218.50 | 12.00 | 36.03 | 25.44 |
| — | +181.0% | +84.5% | — | — | -54.3% | -76.2% | +237.3% | — | +29.9% | -64.7% | -76.7% | -70.5% | |
| P/S Ratio | 8.16 | 12.01 | 5.51 | 10.44 | 15.65 | 12.40 | 7.67 | 9.38 | 12.04 | 11.04 | 9.33 | 10.69 | 15.58 |
| — | -3.2% | -28.1% | +11.2% | +30.0% | +12.3% | -17.8% | -12.2% | -22.7% | -3.2% | +4.3% | -17.1% | +10.8% | |
| P/B Ratio | 0.93 | 1.05 | 0.92 | 0.84 | 1.09 | 0.86 | 1.10 | 0.81 | 0.89 | 0.85 | 1.28 | 0.79 | 1.14 |
| — | +21.9% | -16.4% | +4.5% | +22.6% | +1.6% | -13.6% | +2.1% | -22.0% | +0.2% | +15.2% | -18.5% | +11.6% | |
| P/FCF | 24.44 | 14.70 | 8.17 | — | — | 19.95 | 11.26 | — | — | 11.13 | 35.64 | — | — |
| — | -26.3% | -27.4% | — | — | +79.3% | -68.4% | — | — | +22.0% | +51.5% | — | — | |
| EV / EBITDA | 21.22 | 39.00 | 10.64 | 23.10 | 50.19 | 34.22 | 14.92 | 31.60 | 47.72 | 33.98 | 20.76 | 118.78 | 57.11 |
| — | +14.0% | -28.7% | -26.9% | +5.2% | +0.7% | -28.1% | -73.4% | -16.5% | -10.5% | -1.4% | +181.7% | +6.2% | |
| EV / EBIT | 25.06 | 48.94 | 6.74 | 41.48 | 71.24 | 36.26 | 3.10 | 28.55 | 69.72 | 34.99 | 23.40 | 22.02 | 20.62 |
| — | +35.0% | +117.6% | +45.3% | +2.2% | +3.6% | -86.8% | +29.7% | +238.1% | -7.6% | -11.1% | -58.8% | -48.8% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Farmland Partners Inc.'s operating margin was 35.4% in Q1 2026, down 28.2 pp QoQ and down 2.3 pp YoY. The trailing four-quarter average of 40.4% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin expanded 8.1% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 64.4% | 85.5% | 83.8% | 71.1% | 69.2% | 79.1% | 87.0% | 73.5% | 77.0% | 80.5% | 73.7% | 75.9% | 70.6% |
| — | +8.1% | -3.6% | -3.2% | -10.2% | -1.7% | +17.9% | -3.2% | +9.1% | +6.9% | -11.8% | +6.6% | -2.7% | |
| Operating Margin | 44.2% | 35.4% | 63.5% | 35.6% | 27.0% | 37.6% | 55.3% | 39.2% | 28.3% | 43.2% | 57.4% | 0.1% | 23.8% |
| — | -6.0% | +15.0% | -9.2% | -4.8% | -12.8% | -3.7% | +30279.9% | +18.9% | +13.1% | +0.4% | -99.6% | -14.9% | |
| Net Margin | 60.5% | 6.3% | 95.1% | 4.3% | 76.3% | 19.9% | 273.6% | 13.5% | -17.7% | 11.5% | 80.2% | 36.2% | 66.6% |
| — | -68.1% | -65.2% | -68.1% | +531.2% | +73.7% | +241.1% | -62.8% | -126.6% | -13.4% | +166.8% | +335.3% | +182.1% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.6% | 0.1% | 3.9% | 0.1% | 1.3% | 0.3% | 9.7% | 0.3% | -0.3% | 0.2% | 2.7% | 0.7% | 1.2% |
| — | -62.8% | -59.5% | -70.4% | +501.7% | +57.1% | +251.4% | -56.6% | -127.8% | -9.5% | +194.1% | +320.5% | +162.4% | |
| ROA | 4.0% | 0.1% | 2.9% | 0.1% | 1.0% | 0.2% | 6.2% | 0.2% | -0.2% | 0.1% | 1.7% | 0.4% | 0.7% |
| — | -63.2% | -52.6% | -63.4% | +587.0% | +81.5% | +274.1% | -54.6% | -129.1% | -7.6% | +189.0% | +295.3% | +159.9% | |
| ROIC | 2.4% | 0.4% | 1.7% | 0.5% | 0.3% | 0.4% | 1.1% | 0.4% | 0.2% | 0.4% | 0.9% | 0.0% | 0.2% |
| — | +1.2% | +64.1% | +16.8% | +9.3% | -0.8% | +15.7% | +36963.6% | +29.4% | +21.0% | +9.2% | -99.7% | -16.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Farmland Partners Inc.'s Debt/EBITDA ratio is 51.7x, up from 10.6x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 246.0% YoY to 18.04x, strengthening the short-term liquidity position. Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.30 | 0.50 | 0.30 | 0.00 | 0.34 | 0.34 | 0.34 | 0.56 | 0.56 | 0.61 | 0.57 | 0.67 | 0.67 |
| — | +46.6% | -12.3% | -99.8% | -39.4% | -43.9% | -40.3% | -16.3% | -16.5% | -5.6% | -7.8% | +14.5% | +7.1% | |
| Debt / EBITDA | 5.92 | 51.74 | 10.58 | 0.11 | 50.69 | 40.15 | 15.53 | 52.30 | 74.08 | 57.29 | 25.83 | 219.34 | 85.32 |
| — | +28.9% | -31.9% | -99.8% | -31.6% | -29.9% | -39.9% | -76.2% | -13.2% | -14.0% | -15.1% | +242.9% | +2.7% | |
| Current Ratio | 537.08 | 18.04 | 537.08 | 132.08 | 12.74 | 5.21 | 2.05 | 2.37 | 0.97 | 1.68 | 1.65 | 2.33 | 0.99 |
| — | +246.0% | +26097.9% | +5482.4% | +1216.8% | +210.5% | +24.0% | +1.8% | -2.6% | +14.6% | -21.8% | +66.9% | -48.6% | |
| Quick Ratio | 523.54 | 17.52 | 523.54 | 128.40 | 12.46 | 5.04 | 2.01 | 2.17 | 0.77 | 1.56 | 1.58 | 2.14 | 0.84 |
| — | +247.7% | +25932.8% | +5825.4% | +1521.7% | +222.3% | +27.7% | +1.2% | -8.6% | +14.3% | -19.8% | +74.6% | -52.2% | |
| Interest Coverage | 4.34 | 1.31 | 10.55 | 1.21 | 1.10 | 1.80 | 20.59 | 1.34 | 0.61 | 1.28 | 2.19 | 1.66 | 2.35 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying FPI stock.
Farmland Partners Inc.'s current P/E is 15.7x. The average P/E over the last 3 quarters is 102.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Farmland Partners Inc.'s current operating margin is 44.2%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Farmland Partners Inc.'s business trajectory between earnings reports.