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Side-by-side financial comparison of FutureFuel Corp. (FF) 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 $19.8M, roughly 1.0× FutureFuel Corp.). Farmland Partners Inc. runs the higher net margin — 103.4% vs -60.5%, a 163.9% gap on every dollar of revenue. On growth, Farmland Partners Inc. posted the faster year-over-year revenue change (-3.5% vs -67.7%). Over the past eight quarters, Farmland Partners Inc.'s revenue compounded faster (31.4% CAGR vs -41.7%).

FutureFuel Corporation is a developer and producer of chemicals and biofuels. It is listed on the New York Stock Exchange, with symbol FF.

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.

FF vs FPI — Head-to-Head

Bigger by revenue
FPI
FPI
1.0× larger
FPI
$20.7M
$19.8M
FF
Growing faster (revenue YoY)
FPI
FPI
+64.2% gap
FPI
-3.5%
-67.7%
FF
Higher net margin
FPI
FPI
163.9% more per $
FPI
103.4%
-60.5%
FF
Faster 2-yr revenue CAGR
FPI
FPI
Annualised
FPI
31.4%
-41.7%
FF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FF
FF
FPI
FPI
Revenue
$19.8M
$20.7M
Net Profit
$-12.0M
$21.4M
Gross Margin
-46.7%
Operating Margin
-62.9%
Net Margin
-60.5%
103.4%
Revenue YoY
-67.7%
-3.5%
Net Profit YoY
-529.4%
-63.5%
EPS (diluted)
$-0.28
$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
FF
FF
FPI
FPI
Q4 25
$19.8M
$20.7M
Q3 25
$22.7M
$11.3M
Q2 25
$35.7M
$10.0M
Q1 25
$17.5M
$10.3M
Q4 24
$61.5M
$21.5M
Q3 24
$51.1M
$13.3M
Q2 24
$72.4M
$11.4M
Q1 24
$58.3M
$12.0M
Net Profit
FF
FF
FPI
FPI
Q4 25
$-12.0M
$21.4M
Q3 25
$-9.3M
$483.0K
Q2 25
$-10.4M
$7.6M
Q1 25
$-17.6M
$2.0M
Q4 24
$2.8M
$58.7M
Q3 24
$-1.2M
$1.8M
Q2 24
$9.6M
$-2.0M
Q1 24
$4.3M
$1.4M
Gross Margin
FF
FF
FPI
FPI
Q4 25
-46.7%
Q3 25
-30.1%
Q2 25
-24.6%
Q1 25
-83.0%
Q4 24
9.1%
Q3 24
0.7%
Q2 24
12.0%
Q1 24
8.6%
Operating Margin
FF
FF
FPI
FPI
Q4 25
-62.9%
Q3 25
-42.9%
4.3%
Q2 25
-33.4%
78.2%
Q1 25
-107.4%
20.6%
Q4 24
2.6%
Q3 24
-5.6%
13.9%
Q2 24
7.5%
-17.9%
Q1 24
3.8%
11.9%
Net Margin
FF
FF
FPI
FPI
Q4 25
-60.5%
103.4%
Q3 25
-41.1%
4.3%
Q2 25
-29.2%
76.3%
Q1 25
-100.6%
19.9%
Q4 24
4.5%
273.6%
Q3 24
-2.3%
13.5%
Q2 24
13.2%
-17.5%
Q1 24
7.4%
11.5%
EPS (diluted)
FF
FF
FPI
FPI
Q4 25
$-0.28
$0.44
Q3 25
$-0.21
$0.00
Q2 25
$-0.24
$0.14
Q1 25
$-0.40
$0.03
Q4 24
$0.06
$1.09
Q3 24
$-0.03
$0.02
Q2 24
$0.22
$-0.06
Q1 24
$0.10
$0.01

Balance Sheet & Financial Strength

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

Metric
FF
FF
FPI
FPI
Cash + ST InvestmentsLiquidity on hand
$51.3M
Total DebtLower is stronger
$161.6M
Stockholders' EquityBook value
$154.7M
$467.4M
Total Assets
$192.2M
$719.1M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FF
FF
FPI
FPI
Q4 25
$51.3M
Q3 25
$85.6M
Q2 25
$95.2M
Q1 25
$97.1M
Q4 24
$109.5M
Q3 24
$133.4M
Q2 24
$115.1M
Q1 24
$201.1M
Total Debt
FF
FF
FPI
FPI
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
Stockholders' Equity
FF
FF
FPI
FPI
Q4 25
$154.7M
$467.4M
Q3 25
$169.1M
$457.3M
Q2 25
$178.2M
$473.5M
Q1 25
$188.4M
$492.2M
Q4 24
$205.8M
$494.6M
Q3 24
$213.3M
$519.4M
Q2 24
$214.4M
$521.5M
Q1 24
$204.8M
$526.7M
Total Assets
FF
FF
FPI
FPI
Q4 25
$192.2M
$719.1M
Q3 25
$203.5M
$738.5M
Q2 25
$218.2M
$776.7M
Q1 25
$227.7M
$810.5M
Q4 24
$247.7M
$869.6M
Q3 24
$256.5M
$1.0B
Q2 24
$261.2M
$1.0B
Q1 24
$365.4M
$1.0B
Debt / Equity
FF
FF
FPI
FPI
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
FF
FF
FPI
FPI
Operating Cash FlowLast quarter
$-27.4M
$17.4M
Free Cash FlowOCF − Capex
$-29.9M
FCF MarginFCF / Revenue
-150.5%
Capex IntensityCapex / Revenue
12.2%
Cash ConversionOCF / Net Profit
0.81×
TTM Free Cash FlowTrailing 4 quarters
$-46.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FF
FF
FPI
FPI
Q4 25
$-27.4M
$17.4M
Q3 25
$-1.1M
$-2.0M
Q2 25
$5.2M
$-2.2M
Q1 25
$-5.4M
$6.4M
Q4 24
$-16.6M
$16.1M
Q3 24
$25.8M
$-4.3M
Q2 24
$27.8M
$-6.1M
Q1 24
$-12.2M
$11.9M
Free Cash Flow
FF
FF
FPI
FPI
Q4 25
$-29.9M
Q3 25
$-6.5M
Q2 25
$-263.0K
Q1 25
$-9.4M
Q4 24
$-20.7M
Q3 24
$20.5M
Q2 24
$24.8M
Q1 24
$-14.5M
FCF Margin
FF
FF
FPI
FPI
Q4 25
-150.5%
Q3 25
-28.5%
Q2 25
-0.7%
Q1 25
-53.6%
Q4 24
-33.6%
Q3 24
40.1%
Q2 24
34.3%
Q1 24
-24.9%
Capex Intensity
FF
FF
FPI
FPI
Q4 25
12.2%
Q3 25
23.5%
Q2 25
15.3%
Q1 25
22.8%
Q4 24
6.6%
Q3 24
10.4%
Q2 24
4.1%
Q1 24
3.9%
Cash Conversion
FF
FF
FPI
FPI
Q4 25
0.81×
Q3 25
-4.04×
Q2 25
-0.29×
Q1 25
3.12×
Q4 24
-5.94×
0.27×
Q3 24
-2.39×
Q2 24
2.90×
Q1 24
-2.82×
8.66×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FF
FF

Chemicals$18.0M91%
Biofuels$1.8M9%

FPI
FPI

Segment breakdown not available.

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