FARMLAND PARTNERS INC (FPI) Stock Fundamental Analysis

NYSE:FPI • US31154R1095

11.91 USD
+0.23 (+1.97%)
At close: Feb 19, 2026
12 USD
+0.09 (+0.76%)
After Hours: 2/19/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Overall FPI gets a fundamental rating of 4 out of 10. We evaluated FPI against 28 industry peers in the Specialized REITs industry. FPI has an average financial health and profitability rating. FPI is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year FPI was profitable.
  • In the past year FPI had a positive cash flow from operations.
  • In multiple years FPI reported negative net income over the last 5 years.
  • Of the past 5 years FPI 4 years had a positive operating cash flow.
FPI Yearly Net Income VS EBIT VS OCF VS FCFFPI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M -100M -150M -200M

1.2 Ratios

  • FPI's Return On Assets of 8.87% is amongst the best of the industry. FPI outperforms 96.43% of its industry peers.
  • Looking at the Return On Equity, with a value of 14.58%, FPI is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
  • With a Return On Invested Capital value of 2.43%, FPI is not doing good in the industry: 60.71% of the companies in the same industry are doing better.
  • The Average Return On Invested Capital over the past 3 years for FPI is below the industry average of 4.75%.
  • The 3 year average ROIC (2.05%) for FPI is below the current ROIC(2.43%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 8.87%
ROE 14.58%
ROIC 2.43%
ROA(3y)3.31%
ROA(5y)1.79%
ROE(3y)6.18%
ROE(5y)3.21%
ROIC(3y)2.05%
ROIC(5y)1.8%
FPI Yearly ROA, ROE, ROICFPI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2 4 6 8 10

1.3 Margins

  • The Profit Margin of FPI (123.81%) is better than 100.00% of its industry peers.
  • FPI's Profit Margin has improved in the last couple of years.
  • FPI's Operating Margin of 42.35% is fine compared to the rest of the industry. FPI outperforms 64.29% of its industry peers.
  • FPI's Operating Margin has declined in the last couple of years.
  • The Gross Margin of FPI (78.72%) is better than 71.43% of its industry peers.
  • FPI's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 42.35%
PM (TTM) 123.81%
GM 78.72%
OM growth 3Y10.34%
OM growth 5Y-2.3%
PM growth 3YN/A
PM growth 5Y108.42%
GM growth 3Y-0.93%
GM growth 5Y-0.72%
FPI Yearly Profit, Operating, Gross MarginsFPI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • FPI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • FPI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
FPI Yearly Shares OutstandingFPI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
FPI Yearly Total Debt VS Total AssetsFPI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

  • FPI has an Altman-Z score of 1.10. This is a bad value and indicates that FPI is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.10, FPI is in the better half of the industry, outperforming 60.71% of the companies in the same industry.
  • FPI has a debt to FCF ratio of 23.33. This is a negative value and a sign of low solvency as FPI would need 23.33 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 23.33, FPI is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • FPI has a Debt/Equity ratio of 0.38. This is a healthy value indicating a solid balance between debt and equity.
  • FPI has a better Debt to Equity ratio (0.38) than 96.43% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 23.33
Altman-Z 1.1
ROIC/WACC0.29
WACC8.33%
FPI Yearly LT Debt VS Equity VS FCFFPI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M

2.3 Liquidity

  • A Current Ratio of 2.09 indicates that FPI has no problem at all paying its short term obligations.
  • FPI has a better Current ratio (2.09) than 85.71% of its industry peers.
  • A Quick Ratio of 1.88 indicates that FPI should not have too much problems paying its short term obligations.
  • With an excellent Quick ratio value of 1.88, FPI belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.09
Quick Ratio 1.88
FPI Yearly Current Assets VS Current LiabilitesFPI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

1

3. Growth

3.1 Past

  • The earnings per share for FPI have decreased strongly by -29.52% in the last year.
  • Measured over the past years, FPI shows a very strong growth in Earnings Per Share. The EPS has been growing by 66.61% on average per year.
EPS 1Y (TTM)-29.52%
EPS 3Y66.61%
EPS 5YN/A
EPS Q2Q%-76.85%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-3.51%

3.2 Future

  • FPI is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -53.27% yearly.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y-79.53%
EPS Next 2Y-53.27%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-16.19%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
FPI Yearly Revenue VS EstimatesFPI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 20M 40M 60M
FPI Yearly EPS VS EstimatesFPI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.2 -0.2 0.4 0.6 0.8 1

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3

4. Valuation

4.1 Price/Earnings Ratio

  • FPI is valuated correctly with a Price/Earnings ratio of 16.09.
  • FPI's Price/Earnings ratio is rather cheap when compared to the industry. FPI is cheaper than 92.86% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of FPI to the average of the S&P500 Index (27.09), we can say FPI is valued slightly cheaper.
  • The Price/Forward Earnings ratio is 78.61, which means the current valuation is very expensive for FPI.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of FPI indicates a slightly more expensive valuation: FPI is more expensive than 64.29% of the companies listed in the same industry.
  • FPI is valuated expensively when we compare the Price/Forward Earnings ratio to 27.98, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 16.09
Fwd PE 78.61
FPI Price Earnings VS Forward Price EarningsFPI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • 60.71% of the companies in the same industry are cheaper than FPI, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of FPI is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 70.5
EV/EBITDA 24.51
FPI Per share dataFPI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The decent profitability rating of FPI may justify a higher PE ratio.
  • FPI's earnings are expected to decrease with -53.27% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-53.27%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. Dividend

5.1 Amount

  • FPI has a Yearly Dividend Yield of 2.05%. Purely for dividend investing, there may be better candidates out there.
  • With a Dividend Yield of 2.05, FPI pays less dividend than the industry average, which is at 5.47. 89.29% of the companies listed in the same industry pay a better dividend than FPI!
  • Compared to an average S&P500 Dividend Yield of 1.85, FPI has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.05%

5.2 History

  • The dividend of FPI decreases each year by -3.18%.
  • FPI has been paying a dividend for at least 10 years, so it has a reliable track record.
  • As FPI did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)-3.18%
Div Incr Years3
Div Non Decr Years5
FPI Yearly Dividends per shareFPI Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • FPI pays out 102.25% of its income as dividend. This is not a sustainable payout ratio.
  • The Dividend Rate of FPI has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP102.25%
EPS Next 2Y-53.27%
EPS Next 3YN/A
FPI Yearly Income VS Free CF VS DividendFPI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M -100M -150M -200M
FPI Dividend Payout.FPI Dividend Payout, showing the Payout Ratio.FPI Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

FARMLAND PARTNERS INC

NYSE:FPI (2/19/2026, 8:04:00 PM)

After market: 12 +0.09 (+0.76%)

11.91

+0.23 (+1.97%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)02-18
Earnings (Next)05-05
Inst Owners61.4%
Inst Owner Change-9.94%
Ins Owners7.86%
Ins Owner Change0.26%
Market Cap513.32M
Revenue(TTM)N/A
Net Income(TTM)65.54M
Analysts74.29
Price Target12.41 (4.2%)
Short Float %6.53%
Short Ratio4.89
Dividend
Industry RankSector Rank
Dividend Yield 2.05%
Yearly Dividend0.52
Dividend Growth(5Y)-3.18%
DP102.25%
Div Incr Years3
Div Non Decr Years5
Ex-Date01-02
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)6461%
Min EPS beat(2)-60.4%
Max EPS beat(2)12982.4%
EPS beat(4)2
Avg EPS beat(4)3316.13%
Min EPS beat(4)-60.4%
Max EPS beat(4)12982.4%
EPS beat(8)5
Avg EPS beat(8)1690.62%
EPS beat(12)7
Avg EPS beat(12)1189.33%
EPS beat(16)10
Avg EPS beat(16)916.18%
Revenue beat(2)2
Avg Revenue beat(2)3.49%
Min Revenue beat(2)1.81%
Max Revenue beat(2)5.17%
Revenue beat(4)4
Avg Revenue beat(4)4.68%
Min Revenue beat(4)1.81%
Max Revenue beat(4)6.97%
Revenue beat(8)5
Avg Revenue beat(8)2.27%
Revenue beat(12)5
Avg Revenue beat(12)-0.85%
Revenue beat(16)9
Avg Revenue beat(16)1.78%
PT rev (1m)2.46%
PT rev (3m)-0.68%
EPS NQ rev (1m)70%
EPS NQ rev (3m)17.24%
EPS NY rev (1m)15.52%
EPS NY rev (3m)-6.94%
Revenue NQ rev (1m)-0.15%
Revenue NQ rev (3m)-0.37%
Revenue NY rev (1m)0.69%
Revenue NY rev (3m)1.24%
Valuation
Industry RankSector Rank
PE 16.09
Fwd PE 78.61
P/S 9.7
P/FCF 70.5
P/OCF 30.47
P/B 1.14
P/tB 1.15
EV/EBITDA 24.51
EPS(TTM)0.74
EY6.21%
EPS(NY)0.15
Fwd EY1.27%
FCF(TTM)0.17
FCFY1.42%
OCF(TTM)0.39
OCFY3.28%
SpS1.23
BVpS10.43
TBVpS10.33
PEG (NY)N/A
PEG (5Y)N/A
Graham Number13.18
Profitability
Industry RankSector Rank
ROA 8.87%
ROE 14.58%
ROCE 3.08%
ROIC 2.43%
ROICexc 2.48%
ROICexgc 2.49%
OM 42.35%
PM (TTM) 123.81%
GM 78.72%
FCFM 13.75%
ROA(3y)3.31%
ROA(5y)1.79%
ROE(3y)6.18%
ROE(5y)3.21%
ROIC(3y)2.05%
ROIC(5y)1.8%
ROICexc(3y)2.15%
ROICexc(5y)1.87%
ROICexgc(3y)2.16%
ROICexgc(5y)1.88%
ROCE(3y)2.6%
ROCE(5y)2.28%
ROICexgc growth 3Y31.14%
ROICexgc growth 5Y7.77%
ROICexc growth 3Y31.05%
ROICexc growth 5Y7.64%
OM growth 3Y10.34%
OM growth 5Y-2.3%
PM growth 3YN/A
PM growth 5Y108.42%
GM growth 3Y-0.93%
GM growth 5Y-0.72%
F-Score8
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 23.33
Debt/EBITDA 6.31
Cap/Depr 212.39%
Cap/Sales 18.07%
Interest Coverage 1.63
Cash Conversion 62.58%
Profit Quality 11.11%
Current Ratio 2.09
Quick Ratio 1.88
Altman-Z 1.1
F-Score8
WACC8.33%
ROIC/WACC0.29
Cap/Depr(3y)521.09%
Cap/Depr(5y)541.51%
Cap/Sales(3y)59.29%
Cap/Sales(5y)69.41%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-29.52%
EPS 3Y66.61%
EPS 5YN/A
EPS Q2Q%-76.85%
EPS Next Y-79.53%
EPS Next 2Y-53.27%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-3.51%
Revenue Next Year-16.19%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-13.87%
EBIT growth 3Y14.77%
EBIT growth 5Y-0.65%
EBIT Next Year13.12%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y125.1%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y20.16%
OCF growth 3Y27.11%
OCF growth 5Y-2.14%

FARMLAND PARTNERS INC / FPI FAQ

What is the ChartMill fundamental rating of FARMLAND PARTNERS INC (FPI) stock?

ChartMill assigns a fundamental rating of 4 / 10 to FPI.


What is the valuation status of FARMLAND PARTNERS INC (FPI) stock?

ChartMill assigns a valuation rating of 3 / 10 to FARMLAND PARTNERS INC (FPI). This can be considered as Overvalued.


Can you provide the profitability details for FARMLAND PARTNERS INC?

FARMLAND PARTNERS INC (FPI) has a profitability rating of 6 / 10.


Can you provide the expected EPS growth for FPI stock?

The Earnings per Share (EPS) of FARMLAND PARTNERS INC (FPI) is expected to decline by -79.53% in the next year.


How sustainable is the dividend of FARMLAND PARTNERS INC (FPI) stock?

The dividend rating of FARMLAND PARTNERS INC (FPI) is 3 / 10 and the dividend payout ratio is 102.25%.