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Side-by-side financial comparison of FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) and IonQ, Inc. (IONQ). 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 $61.9M, roughly 1.7× IonQ, Inc.). On growth, IonQ, Inc. posted the faster year-over-year revenue change (428.5% vs 6.1%).
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.
IonQ, Inc. is an American quantum computing hardware and software company headquartered in College Park, Maryland. The company develops general-purpose trapped ion quantum computers and accompanying software to generate, optimize, and execute quantum circuits.
AGM vs IONQ — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $107.5M | $61.9M |
| Net Profit | — | $753.7M |
| Gross Margin | — | — |
| Operating Margin | 56.3% | -369.4% |
| Net Margin | — | 1217.8% |
| Revenue YoY | 6.1% | 428.5% |
| Net Profit YoY | — | 473.1% |
| EPS (diluted) | $3.69 | $2.60 |
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 | $61.9M | ||
| Q3 25 | $104.0M | $39.9M | ||
| Q2 25 | $102.6M | $20.7M | ||
| Q1 25 | $94.3M | — | ||
| Q4 24 | $101.3M | $11.7M | ||
| Q3 24 | $90.3M | $12.4M | ||
| Q2 24 | $89.9M | $11.4M | ||
| Q1 24 | $93.7M | — |
| Q4 25 | — | $753.7M | ||
| Q3 25 | $55.0M | $-1.1B | ||
| Q2 25 | $54.8M | $-176.8M | ||
| Q1 25 | $49.7M | — | ||
| Q4 24 | $56.5M | $-202.0M | ||
| Q3 24 | $49.8M | $-52.5M | ||
| Q2 24 | $47.1M | $-37.6M | ||
| Q1 24 | $53.7M | — |
| Q4 25 | 56.3% | -369.4% | ||
| Q3 25 | 64.1% | -423.5% | ||
| Q2 25 | 63.8% | -776.0% | ||
| Q1 25 | 66.9% | — | ||
| Q4 24 | 67.5% | -661.9% | ||
| Q3 24 | 69.0% | -428.5% | ||
| Q2 24 | 65.9% | -430.0% | ||
| Q1 24 | 72.8% | — |
| Q4 25 | — | 1217.8% | ||
| Q3 25 | 52.9% | -2646.3% | ||
| Q2 25 | 53.4% | -854.5% | ||
| Q1 25 | 52.6% | — | ||
| Q4 24 | 55.8% | -1725.0% | ||
| Q3 24 | 55.2% | -423.4% | ||
| Q2 24 | 52.4% | -330.0% | ||
| Q1 24 | 57.4% | — |
| Q4 25 | $3.69 | $2.60 | ||
| Q3 25 | $4.44 | $-3.58 | ||
| Q2 25 | $4.48 | $-0.70 | ||
| Q1 25 | $4.01 | — | ||
| Q4 24 | $4.62 | $-0.95 | ||
| Q3 24 | $3.86 | $-0.24 | ||
| Q2 24 | $3.68 | $-0.18 | ||
| Q1 24 | $4.28 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $2.4B |
| Total DebtLower is stronger | $30.8B | — |
| Stockholders' EquityBook value | $1.7B | $3.8B |
| Total Assets | $35.4B | $6.6B |
| Debt / EquityLower = less leverage | 17.93× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $546.9M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $340.3M | ||
| Q3 24 | $842.1M | $365.7M | ||
| Q2 24 | $923.0M | $369.8M | ||
| Q1 24 | $745.1M | — |
| 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 | $3.8B | ||
| Q3 25 | $1.7B | $2.3B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | $383.9M | ||
| Q3 24 | $1.5B | $435.7M | ||
| Q2 24 | $1.5B | $463.3M | ||
| Q1 24 | $1.5B | — |
| Q4 25 | $35.4B | $6.6B | ||
| Q3 25 | $33.4B | $4.3B | ||
| Q2 25 | $33.0B | $1.3B | ||
| Q1 25 | $31.8B | — | ||
| Q4 24 | $31.3B | $508.4M | ||
| Q3 24 | $30.6B | $497.9M | ||
| Q2 24 | $30.2B | $517.4M | ||
| Q1 24 | $29.8B | — |
| 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 | $-74.5M |
| Free Cash FlowOCF − Capex | — | $-83.3M |
| FCF MarginFCF / Revenue | — | -134.6% |
| Capex IntensityCapex / Revenue | 0.0% | 14.2% |
| Cash ConversionOCF / Net Profit | — | -0.10× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-307.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.1M | $-74.5M | ||
| Q3 25 | $74.2M | $-123.1M | ||
| Q2 25 | $-47.7M | $-52.6M | ||
| Q1 25 | $-49.8M | — | ||
| Q4 24 | $612.6M | $-39.4M | ||
| Q3 24 | $-44.4M | $-19.2M | ||
| Q2 24 | $56.1M | $-26.6M | ||
| Q1 24 | $233.3M | — |
| Q4 25 | — | $-83.3M | ||
| Q3 25 | — | $-127.2M | ||
| Q2 25 | — | $-53.8M | ||
| Q1 25 | — | — | ||
| Q4 24 | $607.4M | $-43.0M | ||
| Q3 24 | $-44.4M | $-23.0M | ||
| Q2 24 | $52.6M | $-34.1M | ||
| Q1 24 | $231.7M | — |
| Q4 25 | — | -134.6% | ||
| Q3 25 | — | -319.1% | ||
| Q2 25 | — | -259.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | 599.8% | -367.4% | ||
| Q3 24 | -49.2% | -185.3% | ||
| Q2 24 | 58.5% | -299.3% | ||
| Q1 24 | 247.3% | — |
| Q4 25 | 0.0% | 14.2% | ||
| Q3 25 | 0.0% | 10.4% | ||
| Q2 25 | 0.0% | 5.8% | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 5.2% | 30.7% | ||
| Q3 24 | 0.1% | 30.4% | ||
| Q2 24 | 4.0% | 65.8% | ||
| Q1 24 | 1.7% | — |
| Q4 25 | — | -0.10× | ||
| 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.
IONQ
| Other | $31.2M | 50% |
| Platform Consulting And Support Services | $30.7M | 50% |
