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Side-by-side financial comparison of FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) and C3.ai, Inc. (AI). Click either name above to swap in a different company.
FEDERAL AGRICULTURAL MORTGAGE CORP is the larger business by last-quarter revenue ($107.5M vs $75.1M, roughly 1.4× C3.ai, Inc.). On growth, FEDERAL AGRICULTURAL MORTGAGE CORP posted the faster year-over-year revenue change (6.1% vs -20.3%). Over the past eight quarters, FEDERAL AGRICULTURAL MORTGAGE CORP's revenue compounded faster (7.1% CAGR vs -2.1%).
The Federal Agricultural Mortgage Corporation, also known as Farmer Mac, is a stockholder-owned, federally chartered corporation established by the U.S. Congress in 1988 under the Agricultural Credit Act of 1987. It was created to establish a secondary market for agricultural real estate and housing mortgage loans, to increase liquidity and the availability of long-term, stable credit for farmers, ranchers, and rural communities.
C3.ai, Inc. is a leading enterprise artificial intelligence software provider that develops and delivers scalable AI applications, platform tools, and industry-specific solutions for clients across sectors including manufacturing, energy, financial services, healthcare and public sector. Its offerings help organizations optimize operations, reduce costs, mitigate risks, and realize data-driven decision making.
AGM vs AI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $107.5M | $75.1M |
| Net Profit | — | $-104.7M |
| Gross Margin | — | 40.4% |
| Operating Margin | 56.3% | -149.2% |
| Net Margin | — | -139.3% |
| Revenue YoY | 6.1% | -20.3% |
| Net Profit YoY | — | -58.7% |
| EPS (diluted) | $3.69 | $-0.75 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $107.5M | $75.1M | ||
| Q3 25 | $104.0M | $70.3M | ||
| Q2 25 | $102.6M | $108.7M | ||
| Q1 25 | $94.3M | $98.8M | ||
| Q4 24 | $101.3M | $94.3M | ||
| Q3 24 | $90.3M | $87.2M | ||
| Q2 24 | $89.9M | $86.6M | ||
| Q1 24 | $93.7M | $78.4M |
| Q4 25 | — | $-104.7M | ||
| Q3 25 | $55.0M | $-116.8M | ||
| Q2 25 | $54.8M | $-79.7M | ||
| Q1 25 | $49.7M | $-80.2M | ||
| Q4 24 | $56.5M | $-66.0M | ||
| Q3 24 | $49.8M | $-62.8M | ||
| Q2 24 | $47.1M | $-72.9M | ||
| Q1 24 | $53.7M | $-72.6M |
| Q4 25 | — | 40.4% | ||
| Q3 25 | — | 37.6% | ||
| Q2 25 | — | 62.1% | ||
| Q1 25 | — | 59.1% | ||
| Q4 24 | — | 61.3% | ||
| Q3 24 | — | 59.8% | ||
| Q2 24 | — | 59.6% | ||
| Q1 24 | — | 57.8% |
| Q4 25 | 56.3% | -149.2% | ||
| Q3 25 | 64.1% | -177.7% | ||
| Q2 25 | 63.8% | -81.8% | ||
| Q1 25 | 66.9% | -88.7% | ||
| Q4 24 | 67.5% | -79.8% | ||
| Q3 24 | 69.0% | -83.2% | ||
| Q2 24 | 65.9% | -95.1% | ||
| Q1 24 | 72.8% | -105.3% |
| Q4 25 | — | -139.3% | ||
| Q3 25 | 52.9% | -166.2% | ||
| Q2 25 | 53.4% | -73.3% | ||
| Q1 25 | 52.6% | -81.2% | ||
| Q4 24 | 55.8% | -69.9% | ||
| Q3 24 | 55.2% | -72.0% | ||
| Q2 24 | 52.4% | -84.2% | ||
| Q1 24 | 57.4% | -92.6% |
| Q4 25 | $3.69 | $-0.75 | ||
| Q3 25 | $4.44 | $-0.86 | ||
| Q2 25 | $4.48 | $-0.60 | ||
| Q1 25 | $4.01 | $-0.62 | ||
| Q4 24 | $4.62 | $-0.52 | ||
| Q3 24 | $3.86 | $-0.50 | ||
| Q2 24 | $3.68 | $-0.59 | ||
| Q1 24 | $4.28 | $-0.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $675.0M |
| Total DebtLower is stronger | $30.8B | — |
| Stockholders' EquityBook value | $1.7B | $771.9M |
| Total Assets | $35.4B | $961.3M |
| Debt / EquityLower = less leverage | 17.93× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $675.0M | ||
| Q3 25 | — | $711.9M | ||
| Q2 25 | — | $742.7M | ||
| Q1 25 | — | $724.3M | ||
| Q4 24 | — | $730.4M | ||
| Q3 24 | $842.1M | $762.5M | ||
| Q2 24 | $923.0M | $750.4M | ||
| Q1 24 | $745.1M | $723.3M |
| Q4 25 | $30.8B | — | ||
| Q3 25 | $29.2B | — | ||
| Q2 25 | $28.9B | — | ||
| Q1 25 | $28.0B | — | ||
| Q4 24 | $27.5B | — | ||
| Q3 24 | $27.2B | — | ||
| Q2 24 | $26.8B | — | ||
| Q1 24 | $26.8B | — |
| Q4 25 | $1.7B | $771.9M | ||
| Q3 25 | $1.7B | $798.8M | ||
| Q2 25 | $1.5B | $838.3M | ||
| Q1 25 | $1.5B | $860.2M | ||
| Q4 24 | $1.5B | $859.0M | ||
| Q3 24 | $1.5B | $874.9M | ||
| Q2 24 | $1.5B | $873.4M | ||
| Q1 24 | $1.5B | $898.0M |
| Q4 25 | $35.4B | $961.3M | ||
| Q3 25 | $33.4B | $968.7M | ||
| Q2 25 | $33.0B | $1.0B | ||
| Q1 25 | $31.8B | $1.1B | ||
| Q4 24 | $31.3B | $1.0B | ||
| Q3 24 | $30.6B | $1.1B | ||
| Q2 24 | $30.2B | $1.0B | ||
| Q1 24 | $29.8B | $1.1B |
| Q4 25 | 17.93× | — | ||
| Q3 25 | 17.31× | — | ||
| Q2 25 | 18.70× | — | ||
| Q1 25 | 18.39× | — | ||
| Q4 24 | 18.48× | — | ||
| Q3 24 | 18.60× | — | ||
| Q2 24 | 17.87× | — | ||
| Q1 24 | 18.11× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $80.1M | $-46.5M |
| Free Cash FlowOCF − Capex | — | $-46.9M |
| FCF MarginFCF / Revenue | — | -62.4% |
| Capex IntensityCapex / Revenue | 0.0% | 0.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-93.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.1M | $-46.5M | ||
| Q3 25 | $74.2M | $-33.5M | ||
| Q2 25 | $-47.7M | $11.3M | ||
| Q1 25 | $-49.8M | $-22.0M | ||
| Q4 24 | $612.6M | $-38.7M | ||
| Q3 24 | $-44.4M | $8.0M | ||
| Q2 24 | $56.1M | $21.3M | ||
| Q1 24 | $233.3M | $-39.1M |
| Q4 25 | — | $-46.9M | ||
| Q3 25 | — | $-34.3M | ||
| Q2 25 | — | $10.3M | ||
| Q1 25 | — | $-22.4M | ||
| Q4 24 | $607.4M | $-39.5M | ||
| Q3 24 | $-44.4M | $7.1M | ||
| Q2 24 | $52.6M | $18.8M | ||
| Q1 24 | $231.7M | $-45.1M |
| Q4 25 | — | -62.4% | ||
| Q3 25 | — | -48.8% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | -22.7% | ||
| Q4 24 | 599.8% | -41.9% | ||
| Q3 24 | -49.2% | 8.2% | ||
| Q2 24 | 58.5% | 21.7% | ||
| Q1 24 | 247.3% | -57.6% |
| Q4 25 | 0.0% | 0.5% | ||
| Q3 25 | 0.0% | 1.1% | ||
| Q2 25 | 0.0% | 0.9% | ||
| Q1 25 | 0.0% | 0.4% | ||
| Q4 24 | 5.2% | 0.9% | ||
| Q3 24 | 0.1% | 1.1% | ||
| Q2 24 | 4.0% | 2.9% | ||
| Q1 24 | 1.7% | 7.8% |
| Q4 25 | — | — | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | -0.87× | — | ||
| Q1 25 | -1.00× | — | ||
| Q4 24 | 10.84× | — | ||
| Q3 24 | -0.89× | — | ||
| Q2 24 | 1.19× | — | ||
| Q1 24 | 4.34× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AGM
Segment breakdown not available.
AI
| License And Service | $70.2M | 93% |
| Professional Services | $4.9M | 7% |
