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Side-by-side financial comparison of FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.

LiveRamp Holdings, Inc. is the larger business by last-quarter revenue ($212.2M vs $107.5M, roughly 2.0× FEDERAL AGRICULTURAL MORTGAGE CORP). On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs 6.1%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% 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.

LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.

AGM vs RAMP — Head-to-Head

Bigger by revenue
RAMP
RAMP
2.0× larger
RAMP
$212.2M
$107.5M
AGM
Growing faster (revenue YoY)
RAMP
RAMP
+2.5% gap
RAMP
8.6%
6.1%
AGM
Faster 2-yr revenue CAGR
RAMP
RAMP
Annualised
RAMP
11.1%
7.1%
AGM

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
AGM
AGM
RAMP
RAMP
Revenue
$107.5M
$212.2M
Net Profit
$39.9M
Gross Margin
71.9%
Operating Margin
56.3%
18.6%
Net Margin
18.8%
Revenue YoY
6.1%
8.6%
Net Profit YoY
255.7%
EPS (diluted)
$3.69
$0.62

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.

Revenue
AGM
AGM
RAMP
RAMP
Q4 25
$107.5M
$212.2M
Q3 25
$104.0M
$199.8M
Q2 25
$102.6M
$194.8M
Q1 25
$94.3M
$188.7M
Q4 24
$101.3M
$195.4M
Q3 24
$90.3M
$185.5M
Q2 24
$89.9M
$176.0M
Q1 24
$93.7M
$171.9M
Net Profit
AGM
AGM
RAMP
RAMP
Q4 25
$39.9M
Q3 25
$55.0M
$27.4M
Q2 25
$54.8M
$7.7M
Q1 25
$49.7M
$-6.3M
Q4 24
$56.5M
$11.2M
Q3 24
$49.8M
$1.7M
Q2 24
$47.1M
$-7.5M
Q1 24
$53.7M
$-5.4M
Gross Margin
AGM
AGM
RAMP
RAMP
Q4 25
71.9%
Q3 25
70.2%
Q2 25
70.1%
Q1 25
69.3%
Q4 24
71.9%
Q3 24
72.4%
Q2 24
70.6%
Q1 24
72.2%
Operating Margin
AGM
AGM
RAMP
RAMP
Q4 25
56.3%
18.6%
Q3 25
64.1%
10.7%
Q2 25
63.8%
3.7%
Q1 25
66.9%
-6.1%
Q4 24
67.5%
7.5%
Q3 24
69.0%
4.0%
Q2 24
65.9%
-3.0%
Q1 24
72.8%
-8.3%
Net Margin
AGM
AGM
RAMP
RAMP
Q4 25
18.8%
Q3 25
52.9%
13.7%
Q2 25
53.4%
4.0%
Q1 25
52.6%
-3.3%
Q4 24
55.8%
5.7%
Q3 24
55.2%
0.9%
Q2 24
52.4%
-4.3%
Q1 24
57.4%
-3.1%
EPS (diluted)
AGM
AGM
RAMP
RAMP
Q4 25
$3.69
$0.62
Q3 25
$4.44
$0.42
Q2 25
$4.48
$0.12
Q1 25
$4.01
$-0.10
Q4 24
$4.62
$0.17
Q3 24
$3.86
$0.03
Q2 24
$3.68
$-0.11
Q1 24
$4.28
$-0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AGM
AGM
RAMP
RAMP
Cash + ST InvestmentsLiquidity on hand
$403.4M
Total DebtLower is stronger
$30.8B
Stockholders' EquityBook value
$1.7B
$962.3M
Total Assets
$35.4B
$1.3B
Debt / EquityLower = less leverage
17.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGM
AGM
RAMP
RAMP
Q4 25
$403.4M
Q3 25
$376.9M
Q2 25
$371.1M
Q1 25
$420.8M
Q4 24
$384.3M
Q3 24
$842.1M
$348.4M
Q2 24
$923.0M
$342.7M
Q1 24
$745.1M
$368.9M
Total Debt
AGM
AGM
RAMP
RAMP
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
Stockholders' Equity
AGM
AGM
RAMP
RAMP
Q4 25
$1.7B
$962.3M
Q3 25
$1.7B
$943.8M
Q2 25
$1.5B
$947.8M
Q1 25
$1.5B
$948.9M
Q4 24
$1.5B
$957.7M
Q3 24
$1.5B
$932.1M
Q2 24
$1.5B
$951.9M
Q1 24
$1.5B
$949.1M
Total Assets
AGM
AGM
RAMP
RAMP
Q4 25
$35.4B
$1.3B
Q3 25
$33.4B
$1.2B
Q2 25
$33.0B
$1.2B
Q1 25
$31.8B
$1.3B
Q4 24
$31.3B
$1.3B
Q3 24
$30.6B
$1.2B
Q2 24
$30.2B
$1.2B
Q1 24
$29.8B
$1.2B
Debt / Equity
AGM
AGM
RAMP
RAMP
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
AGM
AGM
RAMP
RAMP
Operating Cash FlowLast quarter
$80.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AGM
AGM
RAMP
RAMP
Q4 25
$80.1M
Q3 25
$74.2M
$57.4M
Q2 25
$-47.7M
$-15.8M
Q1 25
$-49.8M
Q4 24
$612.6M
$45.1M
Q3 24
$-44.4M
$55.6M
Q2 24
$56.1M
$-9.3M
Q1 24
$233.3M
Free Cash Flow
AGM
AGM
RAMP
RAMP
Q4 25
Q3 25
$56.8M
Q2 25
$-16.2M
Q1 25
Q4 24
$607.4M
$44.8M
Q3 24
$-44.4M
$55.4M
Q2 24
$52.6M
$-9.6M
Q1 24
$231.7M
FCF Margin
AGM
AGM
RAMP
RAMP
Q4 25
Q3 25
28.4%
Q2 25
-8.3%
Q1 25
Q4 24
599.8%
22.9%
Q3 24
-49.2%
29.8%
Q2 24
58.5%
-5.4%
Q1 24
247.3%
Capex Intensity
AGM
AGM
RAMP
RAMP
Q4 25
0.0%
0.1%
Q3 25
0.0%
0.3%
Q2 25
0.0%
0.2%
Q1 25
0.0%
0.2%
Q4 24
5.2%
0.1%
Q3 24
0.1%
0.1%
Q2 24
4.0%
0.1%
Q1 24
1.7%
1.0%
Cash Conversion
AGM
AGM
RAMP
RAMP
Q4 25
Q3 25
1.35×
2.09×
Q2 25
-0.87×
-2.04×
Q1 25
-1.00×
Q4 24
10.84×
4.02×
Q3 24
-0.89×
32.10×
Q2 24
1.19×
Q1 24
4.34×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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