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Side-by-side financial comparison of FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) and FTAI Infrastructure Inc. (FIP). Click either name above to swap in a different company.
FTAI Infrastructure Inc. is the larger business by last-quarter revenue ($143.5M vs $107.5M, roughly 1.3× FEDERAL AGRICULTURAL MORTGAGE CORP). On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs 6.1%). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs 7.1%).
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.
FTAI Infrastructure Inc. owns, operates and invests in high-quality critical infrastructure assets across core sectors including transportation logistics, midstream energy, and power generation. It primarily serves North American markets, focusing on assets with stable long-term cash flows, contracted revenue streams, and strong market positions to deliver sustainable returns for stakeholders.
AGM vs FIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $107.5M | $143.5M |
| Net Profit | — | $-97.7M |
| Gross Margin | — | — |
| Operating Margin | 56.3% | -45.7% |
| Net Margin | — | -68.1% |
| Revenue YoY | 6.1% | 77.7% |
| Net Profit YoY | — | 21.6% |
| EPS (diluted) | $3.69 | $-1.04 |
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 | $143.5M | ||
| Q3 25 | $104.0M | $140.6M | ||
| Q2 25 | $102.6M | $122.3M | ||
| Q1 25 | $94.3M | $96.2M | ||
| Q4 24 | $101.3M | $80.8M | ||
| Q3 24 | $90.3M | $83.3M | ||
| Q2 24 | $89.9M | $84.9M | ||
| Q1 24 | $93.7M | $82.5M |
| Q4 25 | — | $-97.7M | ||
| Q3 25 | $55.0M | $-104.5M | ||
| Q2 25 | $54.8M | $-70.0M | ||
| Q1 25 | $49.7M | $120.2M | ||
| Q4 24 | $56.5M | $-124.7M | ||
| Q3 24 | $49.8M | $-43.0M | ||
| Q2 24 | $47.1M | $-48.1M | ||
| Q1 24 | $53.7M | $-50.3M |
| Q4 25 | 56.3% | -45.7% | ||
| Q3 25 | 64.1% | -70.8% | ||
| Q2 25 | 63.8% | -56.4% | ||
| Q1 25 | 66.9% | 81.8% | ||
| Q4 24 | 67.5% | -152.7% | ||
| Q3 24 | 69.0% | -51.7% | ||
| Q2 24 | 65.9% | -56.4% | ||
| Q1 24 | 72.8% | -58.8% |
| Q4 25 | — | -68.1% | ||
| Q3 25 | 52.9% | -74.4% | ||
| Q2 25 | 53.4% | -57.2% | ||
| Q1 25 | 52.6% | 125.0% | ||
| Q4 24 | 55.8% | -154.4% | ||
| Q3 24 | 55.2% | -51.6% | ||
| Q2 24 | 52.4% | -56.7% | ||
| Q1 24 | 57.4% | -60.9% |
| Q4 25 | $3.69 | $-1.04 | ||
| Q3 25 | $4.44 | $-1.38 | ||
| Q2 25 | $4.48 | $-0.73 | ||
| Q1 25 | $4.01 | $0.89 | ||
| Q4 24 | $4.62 | $-1.21 | ||
| Q3 24 | $3.86 | $-0.45 | ||
| Q2 24 | $3.68 | $-0.52 | ||
| Q1 24 | $4.28 | $-0.54 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $57.4M |
| Total DebtLower is stronger | $30.8B | $3.8B |
| Stockholders' EquityBook value | $1.7B | $21.3M |
| Total Assets | $35.4B | $5.7B |
| Debt / EquityLower = less leverage | 17.93× | 176.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $57.4M | ||
| Q3 25 | — | $34.7M | ||
| Q2 25 | — | $33.6M | ||
| Q1 25 | — | $26.3M | ||
| Q4 24 | — | $27.8M | ||
| Q3 24 | $842.1M | $20.3M | ||
| Q2 24 | $923.0M | $33.1M | ||
| Q1 24 | $745.1M | $23.0M |
| Q4 25 | $30.8B | $3.8B | ||
| Q3 25 | $29.2B | $3.7B | ||
| Q2 25 | $28.9B | $3.1B | ||
| Q1 25 | $28.0B | $2.8B | ||
| Q4 24 | $27.5B | $1.6B | ||
| Q3 24 | $27.2B | $1.5B | ||
| Q2 24 | $26.8B | $1.6B | ||
| Q1 24 | $26.8B | $1.3B |
| Q4 25 | $1.7B | $21.3M | ||
| Q3 25 | $1.7B | $181.1M | ||
| Q2 25 | $1.5B | $375.5M | ||
| Q1 25 | $1.5B | $476.2M | ||
| Q4 24 | $1.5B | $202.7M | ||
| Q3 24 | $1.5B | $370.8M | ||
| Q2 24 | $1.5B | $394.8M | ||
| Q1 24 | $1.5B | $402.5M |
| Q4 25 | $35.4B | $5.7B | ||
| Q3 25 | $33.4B | $5.5B | ||
| Q2 25 | $33.0B | $4.4B | ||
| Q1 25 | $31.8B | $4.1B | ||
| Q4 24 | $31.3B | $2.4B | ||
| Q3 24 | $30.6B | $2.4B | ||
| Q2 24 | $30.2B | $2.5B | ||
| Q1 24 | $29.8B | $2.3B |
| Q4 25 | 17.93× | 176.99× | ||
| Q3 25 | 17.31× | 20.59× | ||
| Q2 25 | 18.70× | 8.21× | ||
| Q1 25 | 18.39× | 5.79× | ||
| Q4 24 | 18.48× | 7.84× | ||
| Q3 24 | 18.60× | 4.14× | ||
| Q2 24 | 17.87× | 3.94× | ||
| Q1 24 | 18.11× | 3.34× |
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 | $-2.8M |
| Free Cash FlowOCF − Capex | — | $-68.6M |
| FCF MarginFCF / Revenue | — | -47.8% |
| Capex IntensityCapex / Revenue | 0.0% | 45.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-398.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.1M | $-2.8M | ||
| Q3 25 | $74.2M | $-24.4M | ||
| Q2 25 | $-47.7M | $-5.2M | ||
| Q1 25 | $-49.8M | $-85.7M | ||
| Q4 24 | $612.6M | $-8.1M | ||
| Q3 24 | $-44.4M | $14.2M | ||
| Q2 24 | $56.1M | $-17.6M | ||
| Q1 24 | $233.3M | $-3.9M |
| Q4 25 | — | $-68.6M | ||
| Q3 25 | — | $-90.7M | ||
| Q2 25 | — | $-87.5M | ||
| Q1 25 | — | $-151.7M | ||
| Q4 24 | $607.4M | $-34.3M | ||
| Q3 24 | $-44.4M | $-11.7M | ||
| Q2 24 | $52.6M | $-32.1M | ||
| Q1 24 | $231.7M | $-16.7M |
| Q4 25 | — | -47.8% | ||
| Q3 25 | — | -64.5% | ||
| Q2 25 | — | -71.6% | ||
| Q1 25 | — | -157.7% | ||
| Q4 24 | 599.8% | -42.4% | ||
| Q3 24 | -49.2% | -14.0% | ||
| Q2 24 | 58.5% | -37.9% | ||
| Q1 24 | 247.3% | -20.3% |
| Q4 25 | 0.0% | 45.9% | ||
| Q3 25 | 0.0% | 47.2% | ||
| Q2 25 | 0.0% | 67.3% | ||
| Q1 25 | 0.0% | 68.6% | ||
| Q4 24 | 5.2% | 32.5% | ||
| Q3 24 | 0.1% | 31.1% | ||
| Q2 24 | 4.0% | 17.2% | ||
| Q1 24 | 1.7% | 15.6% |
| Q4 25 | — | — | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | -0.87× | — | ||
| Q1 25 | -1.00× | -0.71× | ||
| 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.
FIP
| Power Revenues | $45.9M | 32% |
| Rail Revenue | $44.6M | 31% |
| Service Other | $22.8M | 16% |
| Gas Revenues | $15.3M | 11% |
| Roadside Services Revenues | $11.5M | 8% |
| Rapauno | $1.2M | 1% |
