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Side-by-side financial comparison of FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.
Piedmont Realty Trust, Inc. is the larger business by last-quarter revenue ($142.9M vs $107.5M, roughly 1.3× FEDERAL AGRICULTURAL MORTGAGE CORP). On growth, FEDERAL AGRICULTURAL MORTGAGE CORP posted the faster year-over-year revenue change (6.1% vs -0.3%). Over the past eight quarters, FEDERAL AGRICULTURAL MORTGAGE CORP's revenue compounded faster (7.1% CAGR vs -0.6%).
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.
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
AGM vs PDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $107.5M | $142.9M |
| Net Profit | — | $-43.2M |
| Gross Margin | — | — |
| Operating Margin | 56.3% | — |
| Net Margin | — | -30.3% |
| Revenue YoY | 6.1% | -0.3% |
| Net Profit YoY | — | -44.3% |
| EPS (diluted) | $3.69 | $-0.34 |
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 | $142.9M | ||
| Q3 25 | $104.0M | $139.2M | ||
| Q2 25 | $102.6M | $140.3M | ||
| Q1 25 | $94.3M | $142.7M | ||
| Q4 24 | $101.3M | $143.2M | ||
| Q3 24 | $90.3M | $139.3M | ||
| Q2 24 | $89.9M | $143.3M | ||
| Q1 24 | $93.7M | $144.5M |
| Q4 25 | — | $-43.2M | ||
| Q3 25 | $55.0M | $-13.5M | ||
| Q2 25 | $54.8M | $-16.8M | ||
| Q1 25 | $49.7M | $-10.1M | ||
| Q4 24 | $56.5M | $-30.0M | ||
| Q3 24 | $49.8M | $-11.5M | ||
| Q2 24 | $47.1M | $-9.8M | ||
| Q1 24 | $53.7M | $-27.8M |
| Q4 25 | 56.3% | — | ||
| Q3 25 | 64.1% | — | ||
| Q2 25 | 63.8% | — | ||
| Q1 25 | 66.9% | — | ||
| Q4 24 | 67.5% | — | ||
| Q3 24 | 69.0% | — | ||
| Q2 24 | 65.9% | — | ||
| Q1 24 | 72.8% | — |
| Q4 25 | — | -30.3% | ||
| Q3 25 | 52.9% | -9.7% | ||
| Q2 25 | 53.4% | -12.0% | ||
| Q1 25 | 52.6% | -7.1% | ||
| Q4 24 | 55.8% | -20.9% | ||
| Q3 24 | 55.2% | -8.3% | ||
| Q2 24 | 52.4% | -6.8% | ||
| Q1 24 | 57.4% | -19.2% |
| Q4 25 | $3.69 | $-0.34 | ||
| Q3 25 | $4.44 | $-0.11 | ||
| Q2 25 | $4.48 | $-0.14 | ||
| Q1 25 | $4.01 | $-0.08 | ||
| Q4 24 | $4.62 | $-0.25 | ||
| Q3 24 | $3.86 | $-0.09 | ||
| Q2 24 | $3.68 | $-0.08 | ||
| Q1 24 | $4.28 | $-0.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $731.0K |
| Total DebtLower is stronger | $30.8B | $2.2B |
| Stockholders' EquityBook value | $1.7B | $1.5B |
| Total Assets | $35.4B | $4.0B |
| Debt / EquityLower = less leverage | 17.93× | 1.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $731.0K | ||
| Q3 25 | — | $3.0M | ||
| Q2 25 | — | $3.3M | ||
| Q1 25 | — | $2.9M | ||
| Q4 24 | — | $109.6M | ||
| Q3 24 | $842.1M | $133.6M | ||
| Q2 24 | $923.0M | $138.5M | ||
| Q1 24 | $745.1M | $3.5M |
| Q4 25 | $30.8B | $2.2B | ||
| Q3 25 | $29.2B | $2.2B | ||
| Q2 25 | $28.9B | $2.2B | ||
| Q1 25 | $28.0B | $2.2B | ||
| Q4 24 | $27.5B | $2.2B | ||
| Q3 24 | $27.2B | $2.2B | ||
| Q2 24 | $26.8B | $2.2B | ||
| Q1 24 | $26.8B | $2.1B |
| Q4 25 | $1.7B | $1.5B | ||
| Q3 25 | $1.7B | $1.5B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $1.5B | $1.6B | ||
| Q4 24 | $1.5B | $1.6B | ||
| Q3 24 | $1.5B | $1.6B | ||
| Q2 24 | $1.5B | $1.7B | ||
| Q1 24 | $1.5B | $1.7B |
| Q4 25 | $35.4B | $4.0B | ||
| Q3 25 | $33.4B | $4.0B | ||
| Q2 25 | $33.0B | $4.0B | ||
| Q1 25 | $31.8B | $4.0B | ||
| Q4 24 | $31.3B | $4.1B | ||
| Q3 24 | $30.6B | $4.1B | ||
| Q2 24 | $30.2B | $4.2B | ||
| Q1 24 | $29.8B | $4.0B |
| Q4 25 | 17.93× | 1.49× | ||
| Q3 25 | 17.31× | 1.43× | ||
| Q2 25 | 18.70× | 1.41× | ||
| Q1 25 | 18.39× | 1.40× | ||
| Q4 24 | 18.48× | 1.40× | ||
| Q3 24 | 18.60× | 1.36× | ||
| Q2 24 | 17.87× | 1.34× | ||
| Q1 24 | 18.11× | 1.23× |
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 | $140.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.1M | $140.6M | ||
| Q3 25 | $74.2M | $35.8M | ||
| Q2 25 | $-47.7M | $50.1M | ||
| Q1 25 | $-49.8M | $3.7M | ||
| Q4 24 | $612.6M | $198.1M | ||
| Q3 24 | $-44.4M | $42.9M | ||
| Q2 24 | $56.1M | $66.8M | ||
| Q1 24 | $233.3M | $23.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $607.4M | — | ||
| Q3 24 | $-44.4M | — | ||
| Q2 24 | $52.6M | — | ||
| Q1 24 | $231.7M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 599.8% | — | ||
| Q3 24 | -49.2% | — | ||
| Q2 24 | 58.5% | — | ||
| Q1 24 | 247.3% | — |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 5.2% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 4.0% | — | ||
| Q1 24 | 1.7% | — |
| 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.
PDM
| Atlanta GA | $45.7M | 32% |
| Dallas TX | $24.1M | 17% |
| Orlando FL | $19.3M | 13% |
| New York NY | $14.7M | 10% |
| Northern Virginia Washington D.C. | $12.9M | 9% |
| Minneapolis MN | $11.4M | 8% |
| Boston MA | $9.8M | 7% |
| Real Estate Other | $7.8M | 5% |
