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

Farmland Partners Inc. is the larger business by last-quarter revenue ($20.7M vs $17.2M, roughly 1.2× Invivyd, Inc.). Farmland Partners Inc. runs the higher net margin — 103.4% vs -64.3%, a 167.7% gap on every dollar of revenue. On growth, Invivyd, Inc. posted the faster year-over-year revenue change (24.5% vs -3.5%).

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.

Invivyd, Inc. is a clinical-stage biopharmaceutical company focused on developing broadly neutralizing antibody therapies to prevent and treat serious viral infectious diseases. Its core research and development pipeline targets high-burden respiratory pathogens including respiratory syncytial virus, catering to unmet medical needs of global patient groups.

FPI vs IVVD — Head-to-Head

Bigger by revenue
FPI
FPI
1.2× larger
FPI
$20.7M
$17.2M
IVVD
Growing faster (revenue YoY)
IVVD
IVVD
+28.0% gap
IVVD
24.5%
-3.5%
FPI
Higher net margin
FPI
FPI
167.7% more per $
FPI
103.4%
-64.3%
IVVD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FPI
FPI
IVVD
IVVD
Revenue
$20.7M
$17.2M
Net Profit
$21.4M
$-11.1M
Gross Margin
Operating Margin
-73.0%
Net Margin
103.4%
-64.3%
Revenue YoY
-3.5%
24.5%
Net Profit YoY
-63.5%
40.0%
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
IVVD
IVVD
Q4 25
$20.7M
$17.2M
Q3 25
$11.3M
$13.1M
Q2 25
$10.0M
$11.8M
Q1 25
$10.3M
$11.3M
Q4 24
$21.5M
$13.8M
Q3 24
$13.3M
$9.3M
Q2 24
$11.4M
$2.3M
Q1 24
$12.0M
$0
Net Profit
FPI
FPI
IVVD
IVVD
Q4 25
$21.4M
$-11.1M
Q3 25
$483.0K
$-10.5M
Q2 25
$7.6M
$-14.7M
Q1 25
$2.0M
$-16.3M
Q4 24
$58.7M
$-18.4M
Q3 24
$1.8M
$-60.7M
Q2 24
$-2.0M
$-47.2M
Q1 24
$1.4M
$-43.5M
Operating Margin
FPI
FPI
IVVD
IVVD
Q4 25
-73.0%
Q3 25
4.3%
-84.0%
Q2 25
78.2%
-127.8%
Q1 25
20.6%
-149.7%
Q4 24
-139.1%
Q3 24
13.9%
-670.0%
Q2 24
-17.9%
-2175.2%
Q1 24
11.9%
Net Margin
FPI
FPI
IVVD
IVVD
Q4 25
103.4%
-64.3%
Q3 25
4.3%
-79.7%
Q2 25
76.3%
-124.4%
Q1 25
19.9%
-144.1%
Q4 24
273.6%
-133.5%
Q3 24
13.5%
-653.1%
Q2 24
-17.5%
-2086.9%
Q1 24
11.5%
EPS (diluted)
FPI
FPI
IVVD
IVVD
Q4 25
$0.44
$0.02
Q3 25
$0.00
$-0.06
Q2 25
$0.14
$-0.12
Q1 25
$0.03
$-0.14
Q4 24
$1.09
$-0.14
Q3 24
$0.02
$-0.51
Q2 24
$-0.06
$-0.40
Q1 24
$0.01
$-0.38

Balance Sheet & Financial Strength

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

Metric
FPI
FPI
IVVD
IVVD
Cash + ST InvestmentsLiquidity on hand
$226.7M
Total DebtLower is stronger
$161.6M
Stockholders' EquityBook value
$467.4M
$241.5M
Total Assets
$719.1M
$276.9M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FPI
FPI
IVVD
IVVD
Q4 25
$226.7M
Q3 25
$85.0M
Q2 25
$34.9M
Q1 25
$48.1M
Q4 24
$69.3M
Q3 24
$106.9M
Q2 24
$147.9M
Q1 24
$189.4M
Total Debt
FPI
FPI
IVVD
IVVD
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
IVVD
IVVD
Q4 25
$467.4M
$241.5M
Q3 25
$457.3M
$93.1M
Q2 25
$473.5M
$42.8M
Q1 25
$492.2M
$54.1M
Q4 24
$494.6M
$67.5M
Q3 24
$519.4M
$83.2M
Q2 24
$521.5M
$140.6M
Q1 24
$526.7M
$178.5M
Total Assets
FPI
FPI
IVVD
IVVD
Q4 25
$719.1M
$276.9M
Q3 25
$738.5M
$139.2M
Q2 25
$776.7M
$89.1M
Q1 25
$810.5M
$103.7M
Q4 24
$869.6M
$129.5M
Q3 24
$1.0B
$161.9M
Q2 24
$1.0B
$177.3M
Q1 24
$1.0B
$215.5M
Debt / Equity
FPI
FPI
IVVD
IVVD
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
IVVD
IVVD
Operating Cash FlowLast quarter
$17.4M
$-15.5M
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
IVVD
IVVD
Q4 25
$17.4M
$-15.5M
Q3 25
$-2.0M
$-8.3M
Q2 25
$-2.2M
$-13.3M
Q1 25
$6.4M
$-21.1M
Q4 24
$16.1M
$-37.6M
Q3 24
$-4.3M
$-41.1M
Q2 24
$-6.1M
$-41.6M
Q1 24
$11.9M
$-50.2M
Free Cash Flow
FPI
FPI
IVVD
IVVD
Q4 25
Q3 25
Q2 25
$-13.3M
Q1 25
$-21.3M
Q4 24
$-37.6M
Q3 24
$-41.1M
Q2 24
Q1 24
$-50.4M
FCF Margin
FPI
FPI
IVVD
IVVD
Q4 25
Q3 25
Q2 25
-112.9%
Q1 25
-188.2%
Q4 24
-272.2%
Q3 24
-441.6%
Q2 24
Q1 24
Capex Intensity
FPI
FPI
IVVD
IVVD
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
1.3%
Q4 24
0.0%
Q3 24
0.1%
Q2 24
0.0%
Q1 24
Cash Conversion
FPI
FPI
IVVD
IVVD
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.

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