vs

Side-by-side financial comparison of CTO Realty Growth, Inc. (CTO) and Farmland Partners Inc. (FPI). Click either name above to swap in a different company.

CTO Realty Growth, Inc. is the larger business by last-quarter revenue ($41.2M vs $20.7M, roughly 2.0× Farmland Partners Inc.). Farmland Partners Inc. runs the higher net margin — 103.4% vs 15.1%, a 88.3% gap on every dollar of revenue. On growth, CTO Realty Growth, Inc. posted the faster year-over-year revenue change (15.0% vs -3.5%). Over the past eight quarters, Farmland Partners Inc.'s revenue compounded faster (31.4% CAGR vs 19.5%).

Keller Williams Realty is an American technology and international real estate franchise with headquarters in Austin, Texas. It is the largest real estate franchise in the United States by sales volume as of 2022.

Farmland Industries was the largest agricultural cooperative in North America when it eventually sold all of its assets in 2002–04. During its 74-year history, Farmland served its farmer membership as a diversified, integrated organization, playing a significant role in agricultural markets both domestically and worldwide.

CTO vs FPI — Head-to-Head

Bigger by revenue
CTO
CTO
2.0× larger
CTO
$41.2M
$20.7M
FPI
Growing faster (revenue YoY)
CTO
CTO
+18.5% gap
CTO
15.0%
-3.5%
FPI
Higher net margin
FPI
FPI
88.3% more per $
FPI
103.4%
15.1%
CTO
Faster 2-yr revenue CAGR
FPI
FPI
Annualised
FPI
31.4%
19.5%
CTO

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CTO
CTO
FPI
FPI
Revenue
$41.2M
$20.7M
Net Profit
$6.2M
$21.4M
Gross Margin
Operating Margin
175.0%
Net Margin
15.1%
103.4%
Revenue YoY
15.0%
-3.5%
Net Profit YoY
174.4%
-63.5%
EPS (diluted)
$0.13
$0.44

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
CTO
CTO
FPI
FPI
Q1 26
$41.2M
Q4 25
$38.3M
$20.7M
Q3 25
$37.8M
$11.3M
Q2 25
$37.6M
$10.0M
Q1 25
$35.8M
$10.3M
Q4 24
$35.7M
$21.5M
Q3 24
$31.8M
$13.3M
Q2 24
$28.8M
$11.4M
Net Profit
CTO
CTO
FPI
FPI
Q1 26
$6.2M
Q4 25
$28.3M
$21.4M
Q3 25
$2.9M
$483.0K
Q2 25
$-23.4M
$7.6M
Q1 25
$2.3M
$2.0M
Q4 24
$-15.2M
$58.7M
Q3 24
$6.2M
$1.8M
Q2 24
$1.2M
$-2.0M
Gross Margin
CTO
CTO
FPI
FPI
Q1 26
Q4 25
75.0%
Q3 25
75.4%
Q2 25
73.0%
Q1 25
75.2%
Q4 24
74.4%
Q3 24
74.4%
Q2 24
71.1%
Operating Margin
CTO
CTO
FPI
FPI
Q1 26
175.0%
Q4 25
75.1%
Q3 25
26.6%
4.3%
Q2 25
-33.7%
78.2%
Q1 25
22.0%
20.6%
Q4 24
-20.4%
Q3 24
15.6%
13.9%
Q2 24
18.8%
-17.9%
Net Margin
CTO
CTO
FPI
FPI
Q1 26
15.1%
Q4 25
73.9%
103.4%
Q3 25
7.7%
4.3%
Q2 25
-62.2%
76.3%
Q1 25
6.3%
19.9%
Q4 24
-42.6%
273.6%
Q3 24
19.6%
13.5%
Q2 24
4.1%
-17.5%
EPS (diluted)
CTO
CTO
FPI
FPI
Q1 26
$0.13
Q4 25
$0.81
$0.44
Q3 25
$0.03
$0.00
Q2 25
$-0.77
$0.14
Q1 25
$0.01
$0.03
Q4 24
$-0.69
$1.09
Q3 24
$0.17
$0.02
Q2 24
$-0.03
$-0.06

Balance Sheet & Financial Strength

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

Metric
CTO
CTO
FPI
FPI
Cash + ST InvestmentsLiquidity on hand
$8.3M
Total DebtLower is stronger
$161.6M
Stockholders' EquityBook value
$575.4M
$467.4M
Total Assets
$1.3B
$719.1M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTO
CTO
FPI
FPI
Q1 26
$8.3M
Q4 25
$6.5M
Q3 25
$9.3M
Q2 25
$8.6M
Q1 25
$8.4M
Q4 24
$9.0M
Q3 24
$8.2M
Q2 24
$4.8M
Total Debt
CTO
CTO
FPI
FPI
Q1 26
Q4 25
$616.3M
$161.6M
Q3 25
$604.2M
$170.4M
Q2 25
$605.4M
$193.4M
Q1 25
$602.2M
$202.6M
Q4 24
$519.0M
$204.6M
Q3 24
$526.8M
$394.0M
Q2 24
$482.7M
$393.0M
Stockholders' Equity
CTO
CTO
FPI
FPI
Q1 26
$575.4M
Q4 25
$567.3M
$467.4M
Q3 25
$557.3M
$457.3M
Q2 25
$574.1M
$473.5M
Q1 25
$593.9M
$492.2M
Q4 24
$612.8M
$494.6M
Q3 24
$595.8M
$519.4M
Q2 24
$491.8M
$521.5M
Total Assets
CTO
CTO
FPI
FPI
Q1 26
$1.3B
Q4 25
$1.3B
$719.1M
Q3 25
$1.2B
$738.5M
Q2 25
$1.2B
$776.7M
Q1 25
$1.2B
$810.5M
Q4 24
$1.2B
$869.6M
Q3 24
$1.2B
$1.0B
Q2 24
$1.0B
$1.0B
Debt / Equity
CTO
CTO
FPI
FPI
Q1 26
Q4 25
1.09×
0.35×
Q3 25
1.08×
0.37×
Q2 25
1.05×
0.41×
Q1 25
1.01×
0.41×
Q4 24
0.85×
0.41×
Q3 24
0.88×
0.76×
Q2 24
0.98×
0.75×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CTO
CTO
FPI
FPI
Operating Cash FlowLast quarter
$17.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.81×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTO
CTO
FPI
FPI
Q1 26
Q4 25
$64.6M
$17.4M
Q3 25
$25.5M
$-2.0M
Q2 25
$21.9M
$-2.2M
Q1 25
$10.3M
$6.4M
Q4 24
$59.9M
$16.1M
Q3 24
$21.2M
$-4.3M
Q2 24
$12.9M
$-6.1M
Cash Conversion
CTO
CTO
FPI
FPI
Q1 26
Q4 25
2.28×
0.81×
Q3 25
8.75×
-4.04×
Q2 25
-0.29×
Q1 25
4.56×
3.12×
Q4 24
0.27×
Q3 24
3.40×
-2.39×
Q2 24
10.89×

Financial Flow Comparison

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

Related Comparisons