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Side-by-side financial comparison of Farmmi, Inc. (FAMI) and TPG Mortgage Investment Trust, Inc. (MITT). Click either name above to swap in a different company.

TPG Mortgage Investment Trust, Inc. is the larger business by last-quarter revenue ($20.4M vs $16.1M, roughly 1.3× Farmmi, Inc.). TPG Mortgage Investment Trust, Inc. runs the higher net margin — 65.0% vs -0.3%, a 65.2% gap on every dollar of revenue. On growth, TPG Mortgage Investment Trust, Inc. posted the faster year-over-year revenue change (17.7% vs -55.7%).

Farmmi Inc. is a company that processes and sells agricultural products in China and abroad; it grows and markets shiitake and wood ear mushrooms and other edible fungi products, including bamboo fungi, chestnut mushroom, trumpet royale, hen of the woods, lawyer's wig, and lion's mane mushroom. It also operates Farmmi Jicai, an online store that sells edible fungi products under the Forasen and Farmmi Liangpin brands. In addition, the company exports dried whole and sliced shiitake mushrooms,...

TPG Mortgage Investment Trust, Inc. is a real estate investment trust managed by global alternative asset firm TPG. It primarily invests in residential and commercial mortgage-backed securities, performing and non-performing mortgage loans, and other credit-linked real estate assets, with its core market being the United States. It generates returns via net interest income from holdings and strategic asset disposition gains.

FAMI vs MITT — Head-to-Head

Bigger by revenue
MITT
MITT
1.3× larger
MITT
$20.4M
$16.1M
FAMI
Growing faster (revenue YoY)
MITT
MITT
+73.4% gap
MITT
17.7%
-55.7%
FAMI
Higher net margin
MITT
MITT
65.2% more per $
MITT
65.0%
-0.3%
FAMI

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
FAMI
FAMI
MITT
MITT
Revenue
$16.1M
$20.4M
Net Profit
$-44.0K
$13.3M
Gross Margin
5.0%
Operating Margin
-4.1%
67.1%
Net Margin
-0.3%
65.0%
Revenue YoY
-55.7%
17.7%
Net Profit YoY
-107.0%
-7.0%
EPS (diluted)
$-0.04
$0.27

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
FAMI
FAMI
MITT
MITT
Q4 25
$20.4M
Q3 25
$19.5M
Q2 25
$17.8M
Q1 25
$16.1M
$18.8M
Q4 24
$17.4M
Q3 24
$14.9M
Q2 24
$16.4M
Q1 24
$36.4M
$17.2M
Net Profit
FAMI
FAMI
MITT
MITT
Q4 25
$13.3M
Q3 25
$20.0M
Q2 25
$3.9M
Q1 25
$-44.0K
$11.5M
Q4 24
$14.3M
Q3 24
$16.6M
Q2 24
$3.9M
Q1 24
$630.5K
$20.9M
Gross Margin
FAMI
FAMI
MITT
MITT
Q4 25
Q3 25
Q2 25
Q1 25
5.0%
Q4 24
Q3 24
Q2 24
Q1 24
5.9%
Operating Margin
FAMI
FAMI
MITT
MITT
Q4 25
67.1%
Q3 25
Q2 25
20.9%
Q1 25
-4.1%
54.6%
Q4 24
76.7%
Q3 24
Q2 24
18.4%
Q1 24
2.5%
Net Margin
FAMI
FAMI
MITT
MITT
Q4 25
65.0%
Q3 25
102.5%
Q2 25
22.2%
Q1 25
-0.3%
60.9%
Q4 24
82.2%
Q3 24
111.3%
Q2 24
24.0%
Q1 24
1.7%
121.6%
EPS (diluted)
FAMI
FAMI
MITT
MITT
Q4 25
$0.27
Q3 25
$0.47
Q2 25
$-0.05
Q1 25
$-0.04
$0.21
Q4 24
$0.30
Q3 24
$0.40
Q2 24
$-0.02
Q1 24
$1.20
$0.55

Balance Sheet & Financial Strength

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

Metric
FAMI
FAMI
MITT
MITT
Cash + ST InvestmentsLiquidity on hand
$57.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$166.4M
$560.7M
Total Assets
$230.4M
$8.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FAMI
FAMI
MITT
MITT
Q4 25
$57.8M
Q3 25
$59.0M
Q2 25
$88.7M
Q1 25
$115.5M
Q4 24
$118.7M
Q3 24
$102.5M
Q2 24
$120.9M
Q1 24
$100.3M
Stockholders' Equity
FAMI
FAMI
MITT
MITT
Q4 25
$560.7M
Q3 25
$559.8M
Q2 25
$536.4M
Q1 25
$166.4M
$543.9M
Q4 24
$543.4M
Q3 24
$540.1M
Q2 24
$533.5M
Q1 24
$164.4M
$539.6M
Total Assets
FAMI
FAMI
MITT
MITT
Q4 25
$8.7B
Q3 25
$9.0B
Q2 25
$7.5B
Q1 25
$230.4M
$7.3B
Q4 24
$6.9B
Q3 24
$7.0B
Q2 24
$7.1B
Q1 24
$171.9M
$6.4B

Cash Flow & Capital Efficiency

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

Metric
FAMI
FAMI
MITT
MITT
Operating Cash FlowLast quarter
$14.6M
$59.6M
Free Cash FlowOCF − Capex
$14.6M
FCF MarginFCF / Revenue
90.1%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
4.48×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FAMI
FAMI
MITT
MITT
Q4 25
$59.6M
Q3 25
$17.4M
Q2 25
$11.5M
Q1 25
$14.6M
$12.0M
Q4 24
$55.8M
Q3 24
$14.5M
Q2 24
$13.7M
Q1 24
$-14.9M
$12.0M
Free Cash Flow
FAMI
FAMI
MITT
MITT
Q4 25
Q3 25
Q2 25
Q1 25
$14.6M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
FAMI
FAMI
MITT
MITT
Q4 25
Q3 25
Q2 25
Q1 25
90.1%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
FAMI
FAMI
MITT
MITT
Q4 25
Q3 25
Q2 25
Q1 25
0.1%
Q4 24
Q3 24
Q2 24
Q1 24
0.0%
Cash Conversion
FAMI
FAMI
MITT
MITT
Q4 25
4.48×
Q3 25
0.87×
Q2 25
2.92×
Q1 25
1.05×
Q4 24
3.91×
Q3 24
0.87×
Q2 24
3.50×
Q1 24
-23.63×
0.57×

Financial Flow Comparison

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

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