Farmland Partners Inc. (FPI) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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FPI Revenue Growth
Revenue Breakdown (FY 2025)
FPI's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
FPI Revenue Analysis (2014–2025)
As of May 8, 2026, Farmland Partners Inc. (FPI) generated trailing twelve-month (TTM) revenue of $53.8 million, reflecting slight decline in growth of -1.5% year-over-year. The most recent quarter (Q1 2026) recorded $10.1 million in revenue, down 55.1% sequentially.
Looking at the longer-term picture, FPI's 5-year compound annual growth rate (CAGR) stands at +0.6%, indicating moderate growth over time. The company achieved its highest annual revenue of $61.2 million in 2022.
Revenue diversification analysis shows FPI's business is primarily driven by Real Estate, Other (66%), and Crop sales (34%). With over half of revenue concentrated in Real Estate, Other, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including LAND (-10.7% YoY), AGM, and AFCG (-85.0% YoY), FPI has underperformed the peer group in terms of revenue growth. Compare FPI vs LAND →
FPI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| FPICurrent | $54M | -1.5% | +0.6% | 44.2% | |
 LAND | $76M | -10.7% | +5.9% | 78.6% | |
 AGM | $1.3B | - | - | 19.4% | |
 AFCG | $31M | -85.0% | +22.2% | -43.6% | |
 AMT | $10.6B | +2.7% | +5.8% | 45.8% | |
 IIPR | $266M | -13.6% | +17.9% | 46.7% |
FPI Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $52.2M | -10.4% | $33.6M | 64.4% | $23.1M | 44.2% |
| 2024 | $58.2M | +1.3% | $46.9M | 80.6% | $25.5M | 43.8% |
| 2023 | $57.5M | -6.1% | $44.1M | 76.7% | $23.9M | 41.5% |
| 2022 | $61.2M | +18.3% | $47.1M | 76.9% | $25.0M | 40.8% |
| 2021 | $51.7M | +2.1% | $42.9M | 82.9% | $16.8M | 32.4% |
| 2020 | $50.7M | -5.4% | $40.0M | 78.8% | $22.3M | 44.1% |
| 2019 | $53.6M | -4.5% | $44.7M | 83.5% | $26.3M | 49.2% |
| 2018 | $56.1M | +21.3% | $48.2M | 86.0% | $29.7M | 53.0% |
| 2017 | $46.2M | +49.1% | $40.3M | 87.2% | $22.5M | 48.7% |
| 2016 | $31.0M | +125.4% | $28.6M | 92.3% | $15.6M | 50.4% |
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Start ComparisonFPI — Frequently Asked Questions
Quick answers to the most common questions about buying FPI stock.
Is FPI's revenue growth accelerating or slowing?
FPI revenue growth slowed to -1.5%, below the 5-year CAGR of +0.6%. TTM revenue is $54M. The deceleration marks a shift from historical growth rates.
What is FPI's long-term revenue growth rate?
Farmland Partners Inc.'s 5-year revenue CAGR of +0.6% reflects the variable expansion pattern. Current YoY growth of -1.5% is near this long-term average.
How is FPI's revenue distributed by segment?
FPI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.