Farmland Partners (FPI) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Farmland Partners had a P/E ratio of 14.40 (up from 9.96), return on equity of 5.7% (down from 10.0%), debt-to-equity of 0.30 (down from 0.34) and a current ratio of 0.62 (down from 1.63). A current ratio of 0.62 means current liabilities exceed current assets. Its dividend yield was 2.56% with a payout ratio of 202.1%.

Farmland Partners Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	14.40	9.96	21.48	80.56	-	-
P/S Ratio	8.01	9.77	10.39	11.05	10.39	4.98
P/B Ratio	0.77	0.94	0.95	0.96	0.91	0.45
Price/Tangible Book	0.90	1.18	1.17	1.18	1.19	0.87
Price/OCF	23.79	34.83	46.32	39.69	68.47	12.79
Enterprise Value Ratios
EV/Revenue	13.13	18.42	19.55	19.54	24.90	20.41
EV/EBITDA	25.35	33.36	35.84	37.30	52.57	34.13
EV/EBIT	30.01	40.48	47.10	47.63	76.32	46.32
Profitability & Returns
Return on Equity (ROE)	5.67%	10.01%	4.75%	1.85%	1.77%	1.32%
Return on Assets (ROA)	1.78%	1.73%	1.37%	1.38%	0.95%	1.27%
Return on Invested Capital (ROIC)	3.02%	2.92%	2.24%	2.20%	1.55%	2.06%
Leverage & Solvency Ratios
Debt/Equity	0.30	0.34	0.57	0.62	0.86	0.90
Debt/EBITDA	5.93	6.36	11.45	13.52	20.77	16.74
Liquidity Ratios
Current Ratio	0.62	1.63	1.34	2.14	2.42	1.96
Quick Ratio	0.13	1.19	0.54	0.90	2.01	1.73
Efficiency Ratios
Asset Turnover	0.07	0.06	0.05	0.05	0.05	0.05
Inventory Turnover	4.13	4.53	5.22	4.83	4.24	8.05
Yield & Distribution Ratios
Earnings Yield	7.61%	10.66%	5.18%	1.73%	1.86%	2.82%
Dividend Yield	2.56%	2.20%	2.32%	2.31%	2.13%	2.91%
Payout Ratio	202.07%	36.10%	39.70%	95.31%	129.14%	207.42%
Buyback Yield	8.45%	3.95%	-14.40%	-47.09%	-17.92%	2.63%
Total Return	11.01%	6.15%	-12.08%	-44.78%	-15.79%	5.53%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Farmland Partners Financial Ratios

What is Farmland Partners's P/E ratio?

Farmland Partners's P/E ratio was 14.40 for fiscal 2025 (period ended Dec 31, 2025). It was 9.96 a year earlier.

What is Farmland Partners's return on equity?

Farmland Partners's return on equity (ROE) was 5.7% for fiscal 2025 (period ended Dec 31, 2025). It was 10.0% a year earlier.

What is Farmland Partners's debt-to-equity ratio?

Farmland Partners's debt-to-equity ratio was 0.30 for fiscal 2025 (period ended Dec 31, 2025). It was 0.34 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition