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Side-by-side financial comparison of EVOLUTION PETROLEUM CORP (EPM) and Farmland Partners Inc. (FPI). Click either name above to swap in a different company.
Farmland Partners Inc. is the larger business by last-quarter revenue ($20.7M vs $20.7M, roughly 1.0× EVOLUTION PETROLEUM CORP). Farmland Partners Inc. runs the higher net margin — 103.4% vs 5.2%, a 98.3% gap on every dollar of revenue. On growth, EVOLUTION PETROLEUM CORP posted the faster year-over-year revenue change (2.0% vs -3.5%). Over the past eight quarters, Farmland Partners Inc.'s revenue compounded faster (31.4% CAGR vs -5.2%).
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.
EPM vs FPI — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.7M | $20.7M |
| Net Profit | $1.1M | $21.4M |
| Gross Margin | 44.3% | — |
| Operating Margin | 3.2% | — |
| Net Margin | 5.2% | 103.4% |
| Revenue YoY | 2.0% | -3.5% |
| Net Profit YoY | 158.4% | -63.5% |
| EPS (diluted) | $0.03 | $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.
| Q4 25 | $20.7M | $20.7M | ||
| Q3 25 | $21.3M | $11.3M | ||
| Q2 25 | $21.1M | $10.0M | ||
| Q1 25 | $22.6M | $10.3M | ||
| Q4 24 | $20.3M | $21.5M | ||
| Q3 24 | $21.9M | $13.3M | ||
| Q2 24 | $21.2M | $11.4M | ||
| Q1 24 | $23.0M | $12.0M |
| Q4 25 | $1.1M | $21.4M | ||
| Q3 25 | $824.0K | $483.0K | ||
| Q2 25 | $3.4M | $7.6M | ||
| Q1 25 | $-2.2M | $2.0M | ||
| Q4 24 | $-1.8M | $58.7M | ||
| Q3 24 | $2.1M | $1.8M | ||
| Q2 24 | $1.2M | $-2.0M | ||
| Q1 24 | $289.0K | $1.4M |
| Q4 25 | 44.3% | — | ||
| Q3 25 | 38.5% | — | ||
| Q2 25 | 46.1% | — | ||
| Q1 25 | 40.7% | — | ||
| Q4 24 | 36.9% | — | ||
| Q3 24 | 46.2% | — | ||
| Q2 24 | 46.3% | — | ||
| Q1 24 | 45.2% | — |
| Q4 25 | 3.2% | — | ||
| Q3 25 | -0.4% | 4.3% | ||
| Q2 25 | 6.3% | 78.2% | ||
| Q1 25 | 7.0% | 20.6% | ||
| Q4 24 | -3.0% | — | ||
| Q3 24 | 8.5% | 13.9% | ||
| Q2 24 | 11.3% | -17.9% | ||
| Q1 24 | 9.1% | 11.9% |
| Q4 25 | 5.2% | 103.4% | ||
| Q3 25 | 3.9% | 4.3% | ||
| Q2 25 | 16.2% | 76.3% | ||
| Q1 25 | -9.7% | 19.9% | ||
| Q4 24 | -9.0% | 273.6% | ||
| Q3 24 | 9.4% | 13.5% | ||
| Q2 24 | 5.8% | -17.5% | ||
| Q1 24 | 1.3% | 11.5% |
| Q4 25 | $0.03 | $0.44 | ||
| Q3 25 | $0.02 | $0.00 | ||
| Q2 25 | $0.10 | $0.14 | ||
| Q1 25 | $-0.07 | $0.03 | ||
| Q4 24 | $-0.06 | $1.09 | ||
| Q3 24 | $0.06 | $0.02 | ||
| Q2 24 | $0.04 | $-0.06 | ||
| Q1 24 | $0.01 | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.8M | — |
| Total DebtLower is stronger | — | $161.6M |
| Stockholders' EquityBook value | $67.5M | $467.4M |
| Total Assets | $169.3M | $719.1M |
| Debt / EquityLower = less leverage | — | 0.35× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.8M | — | ||
| Q3 25 | $714.0K | — | ||
| Q2 25 | $2.5M | — | ||
| Q1 25 | $5.6M | — | ||
| Q4 24 | $11.7M | — | ||
| Q3 24 | $6.9M | — | ||
| Q2 24 | $6.4M | — | ||
| Q1 24 | $3.1M | — |
| Q4 25 | — | $161.6M | ||
| Q3 25 | — | $170.4M | ||
| Q2 25 | — | $193.4M | ||
| Q1 25 | — | $202.6M | ||
| Q4 24 | — | $204.6M | ||
| Q3 24 | — | $394.0M | ||
| Q2 24 | — | $393.0M | ||
| Q1 24 | — | $383.0M |
| Q4 25 | $67.5M | $467.4M | ||
| Q3 25 | $69.1M | $457.3M | ||
| Q2 25 | $71.8M | $473.5M | ||
| Q1 25 | $71.7M | $492.2M | ||
| Q4 24 | $76.3M | $494.6M | ||
| Q3 24 | $79.6M | $519.4M | ||
| Q2 24 | $81.1M | $521.5M | ||
| Q1 24 | $83.5M | $526.7M |
| Q4 25 | $169.3M | $719.1M | ||
| Q3 25 | $169.1M | $738.5M | ||
| Q2 25 | $160.3M | $776.7M | ||
| Q1 25 | $156.4M | $810.5M | ||
| Q4 24 | $160.2M | $869.6M | ||
| Q3 24 | $157.9M | $1.0B | ||
| Q2 24 | $162.9M | $1.0B | ||
| Q1 24 | $166.5M | $1.0B |
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | — | 0.41× | ||
| Q3 24 | — | 0.76× | ||
| Q2 24 | — | 0.75× | ||
| Q1 24 | — | 0.73× |
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 | $5.4M | $17.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 5.09× | 0.81× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.4M | $17.4M | ||
| Q3 25 | $7.8M | $-2.0M | ||
| Q2 25 | $10.5M | $-2.2M | ||
| Q1 25 | $7.3M | $6.4M | ||
| Q4 24 | $7.7M | $16.1M | ||
| Q3 24 | $7.6M | $-4.3M | ||
| Q2 24 | $8.0M | $-6.1M | ||
| Q1 24 | $3.4M | $11.9M |
| Q4 25 | 5.09× | 0.81× | ||
| Q3 25 | 9.47× | -4.04× | ||
| Q2 25 | 3.06× | -0.29× | ||
| Q1 25 | — | 3.12× | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | 3.69× | -2.39× | ||
| Q2 24 | 6.47× | — | ||
| Q1 24 | 11.64× | 8.66× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPM
| Crude Oil | $10.7M | 52% |
| Natural Gas Reserves | $7.4M | 36% |
| Natural Gas Liquids Reserves | $2.5M | 12% |
FPI
Segment breakdown not available.
