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Side-by-side financial comparison of FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) and Stellar Bancorp, Inc. (STEL). Click either name above to swap in a different company.
Stellar Bancorp, Inc. is the larger business by last-quarter revenue ($108.9M vs $107.5M, roughly 1.0× FEDERAL AGRICULTURAL MORTGAGE CORP). On growth, FEDERAL AGRICULTURAL MORTGAGE CORP posted the faster year-over-year revenue change (6.1% vs 0.8%). Over the past eight quarters, FEDERAL AGRICULTURAL MORTGAGE CORP's revenue compounded faster (7.1% CAGR vs 0.2%).
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.
Stellar Bancorp, Inc. is a United States-based financial holding company that operates via its wholly-owned banking subsidiary. It provides a full suite of retail and commercial banking services, including deposit products, personal and commercial loans, mortgage services, and wealth management solutions, serving individual consumers, small businesses, and regional corporate clients.
AGM vs STEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $107.5M | $108.9M |
| Net Profit | — | $26.1M |
| Gross Margin | — | — |
| Operating Margin | 56.3% | 29.0% |
| Net Margin | — | 24.0% |
| Revenue YoY | 6.1% | 0.8% |
| Net Profit YoY | — | 3.7% |
| EPS (diluted) | $3.69 | $0.52 |
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 | $108.9M | ||
| Q3 25 | $104.0M | $105.6M | ||
| Q2 25 | $102.6M | $104.1M | ||
| Q1 25 | $94.3M | $104.8M | ||
| Q4 24 | $101.3M | $108.0M | ||
| Q3 24 | $90.3M | $107.8M | ||
| Q2 24 | $89.9M | $106.8M | ||
| Q1 24 | $93.7M | $108.4M |
| Q4 25 | — | $26.1M | ||
| Q3 25 | $55.0M | $25.7M | ||
| Q2 25 | $54.8M | $26.4M | ||
| Q1 25 | $49.7M | $24.7M | ||
| Q4 24 | $56.5M | $25.2M | ||
| Q3 24 | $49.8M | $33.9M | ||
| Q2 24 | $47.1M | $29.8M | ||
| Q1 24 | $53.7M | $26.1M |
| Q4 25 | 56.3% | 29.0% | ||
| Q3 25 | 64.1% | 30.5% | ||
| Q2 25 | 63.8% | 31.7% | ||
| Q1 25 | 66.9% | 29.6% | ||
| Q4 24 | 67.5% | 29.4% | ||
| Q3 24 | 69.0% | 39.6% | ||
| Q2 24 | 65.9% | 35.1% | ||
| Q1 24 | 72.8% | 30.4% |
| Q4 25 | — | 24.0% | ||
| Q3 25 | 52.9% | 24.3% | ||
| Q2 25 | 53.4% | 25.3% | ||
| Q1 25 | 52.6% | 23.6% | ||
| Q4 24 | 55.8% | 23.3% | ||
| Q3 24 | 55.2% | 31.4% | ||
| Q2 24 | 52.4% | 27.9% | ||
| Q1 24 | 57.4% | 24.1% |
| Q4 25 | $3.69 | $0.52 | ||
| Q3 25 | $4.44 | $0.50 | ||
| Q2 25 | $4.48 | $0.51 | ||
| Q1 25 | $4.01 | $0.46 | ||
| Q4 24 | $4.62 | $0.47 | ||
| Q3 24 | $3.86 | $0.63 | ||
| Q2 24 | $3.68 | $0.56 | ||
| Q1 24 | $4.28 | $0.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $419.5M |
| Total DebtLower is stronger | $30.8B | — |
| Stockholders' EquityBook value | $1.7B | $1.7B |
| Total Assets | $35.4B | $10.8B |
| Debt / EquityLower = less leverage | 17.93× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $419.5M | ||
| Q3 25 | — | $728.4M | ||
| Q2 25 | — | $578.1M | ||
| Q1 25 | — | $560.6M | ||
| Q4 24 | — | $911.2M | ||
| Q3 24 | $842.1M | $516.2M | ||
| Q2 24 | $923.0M | $490.3M | ||
| Q1 24 | $745.1M | $399.7M |
| 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 | $1.7B | ||
| Q3 25 | $1.7B | $1.7B | ||
| Q2 25 | $1.5B | $1.6B | ||
| Q1 25 | $1.5B | $1.6B | ||
| Q4 24 | $1.5B | $1.6B | ||
| Q3 24 | $1.5B | $1.6B | ||
| Q2 24 | $1.5B | $1.6B | ||
| Q1 24 | $1.5B | $1.5B |
| Q4 25 | $35.4B | $10.8B | ||
| Q3 25 | $33.4B | $10.6B | ||
| Q2 25 | $33.0B | $10.5B | ||
| Q1 25 | $31.8B | $10.4B | ||
| Q4 24 | $31.3B | $10.9B | ||
| Q3 24 | $30.6B | $10.6B | ||
| Q2 24 | $30.2B | $10.7B | ||
| Q1 24 | $29.8B | $10.7B |
| 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 | $97.0M |
| Free Cash FlowOCF − Capex | — | $92.6M |
| FCF MarginFCF / Revenue | — | 85.0% |
| Capex IntensityCapex / Revenue | 0.0% | 4.0% |
| Cash ConversionOCF / Net Profit | — | 3.71× |
| TTM Free Cash FlowTrailing 4 quarters | — | $173.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.1M | $97.0M | ||
| Q3 25 | $74.2M | $63.6M | ||
| Q2 25 | $-47.7M | $25.8M | ||
| Q1 25 | $-49.8M | $-5.7M | ||
| Q4 24 | $612.6M | $132.6M | ||
| Q3 24 | $-44.4M | $59.5M | ||
| Q2 24 | $56.1M | $38.1M | ||
| Q1 24 | $233.3M | $31.1M |
| Q4 25 | — | $92.6M | ||
| Q3 25 | — | $62.5M | ||
| Q2 25 | — | $24.5M | ||
| Q1 25 | — | $-6.4M | ||
| Q4 24 | $607.4M | $128.0M | ||
| Q3 24 | $-44.4M | $57.7M | ||
| Q2 24 | $52.6M | $37.1M | ||
| Q1 24 | $231.7M | $30.5M |
| Q4 25 | — | 85.0% | ||
| Q3 25 | — | 59.2% | ||
| Q2 25 | — | 23.6% | ||
| Q1 25 | — | -6.2% | ||
| Q4 24 | 599.8% | 118.5% | ||
| Q3 24 | -49.2% | 53.5% | ||
| Q2 24 | 58.5% | 34.8% | ||
| Q1 24 | 247.3% | 28.2% |
| Q4 25 | 0.0% | 4.0% | ||
| Q3 25 | 0.0% | 1.1% | ||
| Q2 25 | 0.0% | 1.2% | ||
| Q1 25 | 0.0% | 0.7% | ||
| Q4 24 | 5.2% | 4.3% | ||
| Q3 24 | 0.1% | 1.7% | ||
| Q2 24 | 4.0% | 0.9% | ||
| Q1 24 | 1.7% | 0.5% |
| Q4 25 | — | 3.71× | ||
| Q3 25 | 1.35× | 2.48× | ||
| Q2 25 | -0.87× | 0.98× | ||
| Q1 25 | -1.00× | -0.23× | ||
| Q4 24 | 10.84× | 5.26× | ||
| Q3 24 | -0.89× | 1.76× | ||
| Q2 24 | 1.19× | 1.28× | ||
| Q1 24 | 4.34× | 1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
