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Side-by-side financial comparison of FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) and VERACYTE, INC. (VCYT). Click either name above to swap in a different company.

VERACYTE, INC. is the larger business by last-quarter revenue ($140.6M vs $107.5M, roughly 1.3× FEDERAL AGRICULTURAL MORTGAGE CORP). On growth, VERACYTE, INC. posted the faster year-over-year revenue change (18.5% vs 6.1%). Over the past eight quarters, VERACYTE, INC.'s revenue compounded faster (20.5% 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.

Veracyte Inc. is a leading molecular diagnostics company that develops and commercializes proprietary genomic testing solutions for early, accurate detection of cancer and other complex diseases. Its offerings help healthcare providers make better clinical decisions to improve patient outcomes, with core operations in the U.S. and expanding global market presence across key clinical segments.

AGM vs VCYT — Head-to-Head

Bigger by revenue
VCYT
VCYT
1.3× larger
VCYT
$140.6M
$107.5M
AGM
Growing faster (revenue YoY)
VCYT
VCYT
+12.4% gap
VCYT
18.5%
6.1%
AGM
Faster 2-yr revenue CAGR
VCYT
VCYT
Annualised
VCYT
20.5%
7.1%
AGM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AGM
AGM
VCYT
VCYT
Revenue
$107.5M
$140.6M
Net Profit
$41.1M
Gross Margin
72.5%
Operating Margin
56.3%
26.4%
Net Margin
29.3%
Revenue YoY
6.1%
18.5%
Net Profit YoY
704.8%
EPS (diluted)
$3.69
$0.50

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
VCYT
VCYT
Q4 25
$107.5M
$140.6M
Q3 25
$104.0M
$131.9M
Q2 25
$102.6M
$130.2M
Q1 25
$94.3M
$114.5M
Q4 24
$101.3M
$118.6M
Q3 24
$90.3M
$115.9M
Q2 24
$89.9M
$114.4M
Q1 24
$93.7M
$96.8M
Net Profit
AGM
AGM
VCYT
VCYT
Q4 25
$41.1M
Q3 25
$55.0M
$19.1M
Q2 25
$54.8M
$-980.0K
Q1 25
$49.7M
$7.0M
Q4 24
$56.5M
$5.1M
Q3 24
$49.8M
$15.2M
Q2 24
$47.1M
$5.7M
Q1 24
$53.7M
$-1.9M
Gross Margin
AGM
AGM
VCYT
VCYT
Q4 25
72.5%
Q3 25
69.2%
Q2 25
69.0%
Q1 25
69.5%
Q4 24
66.4%
Q3 24
68.2%
Q2 24
68.1%
Q1 24
64.5%
Operating Margin
AGM
AGM
VCYT
VCYT
Q4 25
56.3%
26.4%
Q3 25
64.1%
17.4%
Q2 25
63.8%
-4.0%
Q1 25
66.9%
2.5%
Q4 24
67.5%
3.5%
Q3 24
69.0%
10.4%
Q2 24
65.9%
4.0%
Q1 24
72.8%
-4.8%
Net Margin
AGM
AGM
VCYT
VCYT
Q4 25
29.3%
Q3 25
52.9%
14.5%
Q2 25
53.4%
-0.8%
Q1 25
52.6%
6.2%
Q4 24
55.8%
4.3%
Q3 24
55.2%
13.1%
Q2 24
52.4%
5.0%
Q1 24
57.4%
-1.9%
EPS (diluted)
AGM
AGM
VCYT
VCYT
Q4 25
$3.69
$0.50
Q3 25
$4.44
$0.24
Q2 25
$4.48
$-0.01
Q1 25
$4.01
$0.09
Q4 24
$4.62
$0.07
Q3 24
$3.86
$0.19
Q2 24
$3.68
$0.07
Q1 24
$4.28
$-0.02

Balance Sheet & Financial Strength

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

Metric
AGM
AGM
VCYT
VCYT
Cash + ST InvestmentsLiquidity on hand
$362.6M
Total DebtLower is stronger
$30.8B
Stockholders' EquityBook value
$1.7B
$1.3B
Total Assets
$35.4B
$1.4B
Debt / EquityLower = less leverage
17.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGM
AGM
VCYT
VCYT
Q4 25
$362.6M
Q3 25
$315.6M
Q2 25
$219.5M
Q1 25
$186.1M
Q4 24
$239.1M
Q3 24
$842.1M
$274.1M
Q2 24
$923.0M
$235.9M
Q1 24
$745.1M
$209.2M
Total Debt
AGM
AGM
VCYT
VCYT
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
VCYT
VCYT
Q4 25
$1.7B
$1.3B
Q3 25
$1.7B
$1.3B
Q2 25
$1.5B
$1.2B
Q1 25
$1.5B
$1.2B
Q4 24
$1.5B
$1.2B
Q3 24
$1.5B
$1.2B
Q2 24
$1.5B
$1.1B
Q1 24
$1.5B
$1.1B
Total Assets
AGM
AGM
VCYT
VCYT
Q4 25
$35.4B
$1.4B
Q3 25
$33.4B
$1.4B
Q2 25
$33.0B
$1.3B
Q1 25
$31.8B
$1.3B
Q4 24
$31.3B
$1.3B
Q3 24
$30.6B
$1.3B
Q2 24
$30.2B
$1.2B
Q1 24
$29.8B
$1.2B
Debt / Equity
AGM
AGM
VCYT
VCYT
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
VCYT
VCYT
Operating Cash FlowLast quarter
$80.1M
$52.6M
Free Cash FlowOCF − Capex
$48.8M
FCF MarginFCF / Revenue
34.7%
Capex IntensityCapex / Revenue
0.0%
2.7%
Cash ConversionOCF / Net Profit
1.28×
TTM Free Cash FlowTrailing 4 quarters
$126.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AGM
AGM
VCYT
VCYT
Q4 25
$80.1M
$52.6M
Q3 25
$74.2M
$44.8M
Q2 25
$-47.7M
$33.6M
Q1 25
$-49.8M
$5.4M
Q4 24
$612.6M
$24.5M
Q3 24
$-44.4M
$30.0M
Q2 24
$56.1M
$29.6M
Q1 24
$233.3M
$-9.0M
Free Cash Flow
AGM
AGM
VCYT
VCYT
Q4 25
$48.8M
Q3 25
$42.0M
Q2 25
$32.3M
Q1 25
$3.5M
Q4 24
$607.4M
$20.4M
Q3 24
$-44.4M
$27.7M
Q2 24
$52.6M
$26.8M
Q1 24
$231.7M
$-11.1M
FCF Margin
AGM
AGM
VCYT
VCYT
Q4 25
34.7%
Q3 25
31.8%
Q2 25
24.8%
Q1 25
3.1%
Q4 24
599.8%
17.2%
Q3 24
-49.2%
23.9%
Q2 24
58.5%
23.4%
Q1 24
247.3%
-11.5%
Capex Intensity
AGM
AGM
VCYT
VCYT
Q4 25
0.0%
2.7%
Q3 25
0.0%
2.1%
Q2 25
0.0%
1.0%
Q1 25
0.0%
1.6%
Q4 24
5.2%
3.5%
Q3 24
0.1%
1.9%
Q2 24
4.0%
2.4%
Q1 24
1.7%
2.2%
Cash Conversion
AGM
AGM
VCYT
VCYT
Q4 25
1.28×
Q3 25
1.35×
2.34×
Q2 25
-0.87×
Q1 25
-1.00×
0.76×
Q4 24
10.84×
4.80×
Q3 24
-0.89×
1.98×
Q2 24
1.19×
5.16×
Q1 24
4.34×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AGM
AGM

Segment breakdown not available.

VCYT
VCYT

Testing$135.8M97%
Products$3.8M3%
Biopharmaceutical And Other$686.0K0%

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