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

Farmland Partners Inc. is the larger business by last-quarter revenue ($20.7M vs $17.1M, roughly 1.2× Genasys Inc.). Farmland Partners Inc. runs the higher net margin — 103.4% vs -4.8%, a 108.2% gap on every dollar of revenue. On growth, Genasys Inc. posted the faster year-over-year revenue change (145.9% vs -3.5%). Over the past eight quarters, Genasys Inc.'s revenue compounded faster (72.4% CAGR vs 31.4%).

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.

Genasys Inc. is based in San Diego, California. Its long-range acoustic device (LRAD) products are used for long-range acoustic hailing and mass notification. Its software-as-a-service products Genasys Protect and Evertel are used for zone-based multi-channel communication and secure messaging and collaboration, respectively. Genasys Acoustics are integrated speakers used to send long range voice broadcasts. The company was previously named American Technology Corporation (ATC) until 2010 and...

FPI vs GNSS — Head-to-Head

Bigger by revenue
FPI
FPI
1.2× larger
FPI
$20.7M
$17.1M
GNSS
Growing faster (revenue YoY)
GNSS
GNSS
+149.4% gap
GNSS
145.9%
-3.5%
FPI
Higher net margin
FPI
FPI
108.2% more per $
FPI
103.4%
-4.8%
GNSS
Faster 2-yr revenue CAGR
GNSS
GNSS
Annualised
GNSS
72.4%
31.4%
FPI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FPI
FPI
GNSS
GNSS
Revenue
$20.7M
$17.1M
Net Profit
$21.4M
$-817.0K
Gross Margin
48.0%
Operating Margin
-2.1%
Net Margin
103.4%
-4.8%
Revenue YoY
-3.5%
145.9%
Net Profit YoY
-63.5%
80.0%
EPS (diluted)
$0.44
$-0.02

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
FPI
FPI
GNSS
GNSS
Q4 25
$20.7M
$17.1M
Q3 25
$11.3M
$17.0M
Q2 25
$10.0M
$9.9M
Q1 25
$10.3M
$6.9M
Q4 24
$21.5M
$6.9M
Q3 24
$13.3M
$6.7M
Q2 24
$11.4M
$7.2M
Q1 24
$12.0M
$5.7M
Net Profit
FPI
FPI
GNSS
GNSS
Q4 25
$21.4M
$-817.0K
Q3 25
$483.0K
$-1.4M
Q2 25
$7.6M
$-6.5M
Q1 25
$2.0M
$-6.1M
Q4 24
$58.7M
$-4.1M
Q3 24
$1.8M
$-11.4M
Q2 24
$-2.0M
$-6.7M
Q1 24
$1.4M
$-6.9M
Gross Margin
FPI
FPI
GNSS
GNSS
Q4 25
48.0%
Q3 25
50.3%
Q2 25
26.3%
Q1 25
37.7%
Q4 24
45.8%
Q3 24
40.8%
Q2 24
52.8%
Q1 24
37.9%
Operating Margin
FPI
FPI
GNSS
GNSS
Q4 25
-2.1%
Q3 25
4.3%
7.7%
Q2 25
78.2%
-60.1%
Q1 25
20.6%
-90.2%
Q4 24
-85.6%
Q3 24
13.9%
-105.8%
Q2 24
-17.9%
-74.8%
Q1 24
11.9%
-121.9%
Net Margin
FPI
FPI
GNSS
GNSS
Q4 25
103.4%
-4.8%
Q3 25
4.3%
-8.3%
Q2 25
76.3%
-65.8%
Q1 25
19.9%
-88.6%
Q4 24
273.6%
-58.8%
Q3 24
13.5%
-168.9%
Q2 24
-17.5%
-93.2%
Q1 24
11.5%
-120.9%
EPS (diluted)
FPI
FPI
GNSS
GNSS
Q4 25
$0.44
$-0.02
Q3 25
$0.00
$-0.03
Q2 25
$0.14
$-0.14
Q1 25
$0.03
$-0.14
Q4 24
$1.09
$-0.09
Q3 24
$0.02
$-0.26
Q2 24
$-0.06
$-0.15
Q1 24
$0.01
$-0.16

Balance Sheet & Financial Strength

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

Metric
FPI
FPI
GNSS
GNSS
Cash + ST InvestmentsLiquidity on hand
$10.3M
Total DebtLower is stronger
$161.6M
Stockholders' EquityBook value
$467.4M
$1.8M
Total Assets
$719.1M
$67.6M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FPI
FPI
GNSS
GNSS
Q4 25
$10.3M
Q3 25
$8.0M
Q2 25
$5.5M
Q1 25
$7.1M
Q4 24
$13.6M
Q3 24
$12.9M
Q2 24
$12.7M
Q1 24
$6.6M
Total Debt
FPI
FPI
GNSS
GNSS
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
FPI
FPI
GNSS
GNSS
Q4 25
$467.4M
$1.8M
Q3 25
$457.3M
$2.2M
Q2 25
$473.5M
$3.2M
Q1 25
$492.2M
$8.1M
Q4 24
$494.6M
$13.7M
Q3 24
$519.4M
$17.6M
Q2 24
$521.5M
$28.5M
Q1 24
$526.7M
$34.9M
Total Assets
FPI
FPI
GNSS
GNSS
Q4 25
$719.1M
$67.6M
Q3 25
$738.5M
$63.9M
Q2 25
$776.7M
$57.4M
Q1 25
$810.5M
$49.7M
Q4 24
$869.6M
$54.6M
Q3 24
$1.0B
$53.9M
Q2 24
$1.0B
$59.4M
Q1 24
$1.0B
$51.0M
Debt / Equity
FPI
FPI
GNSS
GNSS
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
FPI
FPI
GNSS
GNSS
Operating Cash FlowLast quarter
$17.4M
$7.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.81×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FPI
FPI
GNSS
GNSS
Q4 25
$17.4M
$7.2M
Q3 25
$-2.0M
$2.5M
Q2 25
$-2.2M
$-5.9M
Q1 25
$6.4M
$-6.3M
Q4 24
$16.1M
$947.0K
Q3 24
$-4.3M
$556.0K
Q2 24
$-6.1M
$-7.5M
Q1 24
$11.9M
$-6.8M
Free Cash Flow
FPI
FPI
GNSS
GNSS
Q4 25
Q3 25
$2.5M
Q2 25
$-5.9M
Q1 25
$-6.5M
Q4 24
$878.0K
Q3 24
$526.0K
Q2 24
$-7.5M
Q1 24
$-6.8M
FCF Margin
FPI
FPI
GNSS
GNSS
Q4 25
Q3 25
14.5%
Q2 25
-59.9%
Q1 25
-93.4%
Q4 24
12.7%
Q3 24
7.8%
Q2 24
-105.0%
Q1 24
-118.1%
Capex Intensity
FPI
FPI
GNSS
GNSS
Q4 25
0.0%
Q3 25
0.2%
Q2 25
0.1%
Q1 25
2.2%
Q4 24
1.0%
Q3 24
0.4%
Q2 24
0.1%
Q1 24
0.2%
Cash Conversion
FPI
FPI
GNSS
GNSS
Q4 25
0.81×
Q3 25
-4.04×
Q2 25
-0.29×
Q1 25
3.12×
Q4 24
0.27×
Q3 24
-2.39×
Q2 24
Q1 24
8.66×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FPI
FPI

Segment breakdown not available.

GNSS
GNSS

Hardware$14.8M87%
Software$2.3M13%

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