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Side-by-side financial comparison of Farmland Partners Inc. (FPI) and Laird Superfood, Inc. (LSF). Click either name above to swap in a different company.
Farmland Partners Inc. is the larger business by last-quarter revenue ($20.7M vs $13.3M, roughly 1.6× Laird Superfood, Inc.). Farmland Partners Inc. runs the higher net margin — 103.4% vs -13.2%, a 116.6% gap on every dollar of revenue. On growth, Laird Superfood, Inc. posted the faster year-over-year revenue change (15.0% vs -3.5%). Over the past eight quarters, Farmland Partners Inc.'s revenue compounded faster (31.4% CAGR vs 16.1%).
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.
Laird Superfood, Inc. develops, manufactures and sells a portfolio of plant-based functional superfood products, including premium coffee creamers, hydration blends, nutritional supplements, and plant-powered snacks. It serves health-conscious consumers through direct-to-consumer e-commerce platforms and offline retail partners, mainly operating in the North American market with a focus on sustainably sourced clean ingredients.
FPI vs LSF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.7M | $13.3M |
| Net Profit | $21.4M | $-1.8M |
| Gross Margin | — | 34.1% |
| Operating Margin | — | -13.5% |
| Net Margin | 103.4% | -13.2% |
| Revenue YoY | -3.5% | 15.0% |
| Net Profit YoY | -63.5% | -341.4% |
| EPS (diluted) | $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 | $13.3M | ||
| Q3 25 | $11.3M | $12.9M | ||
| Q2 25 | $10.0M | $12.0M | ||
| Q1 25 | $10.3M | $11.7M | ||
| Q4 24 | $21.5M | $11.6M | ||
| Q3 24 | $13.3M | $11.8M | ||
| Q2 24 | $11.4M | $10.0M | ||
| Q1 24 | $12.0M | $9.9M |
| Q4 25 | $21.4M | $-1.8M | ||
| Q3 25 | $483.0K | $-975.1K | ||
| Q2 25 | $7.6M | $-362.2K | ||
| Q1 25 | $2.0M | $-156.2K | ||
| Q4 24 | $58.7M | $-398.4K | ||
| Q3 24 | $1.8M | $-166.1K | ||
| Q2 24 | $-2.0M | $-239.1K | ||
| Q1 24 | $1.4M | $-1.0M |
| Q4 25 | — | 34.1% | ||
| Q3 25 | — | 36.5% | ||
| Q2 25 | — | 39.9% | ||
| Q1 25 | — | 41.9% | ||
| Q4 24 | — | 38.6% | ||
| Q3 24 | — | 43.0% | ||
| Q2 24 | — | 41.8% | ||
| Q1 24 | — | 40.0% |
| Q4 25 | — | -13.5% | ||
| Q3 25 | 4.3% | -7.7% | ||
| Q2 25 | 78.2% | -3.3% | ||
| Q1 25 | 20.6% | -1.9% | ||
| Q4 24 | — | -4.1% | ||
| Q3 24 | 13.9% | -2.3% | ||
| Q2 24 | -17.9% | -3.4% | ||
| Q1 24 | 11.9% | -11.0% |
| Q4 25 | 103.4% | -13.2% | ||
| Q3 25 | 4.3% | -7.6% | ||
| Q2 25 | 76.3% | -3.0% | ||
| Q1 25 | 19.9% | -1.3% | ||
| Q4 24 | 273.6% | -3.4% | ||
| Q3 24 | 13.5% | -1.4% | ||
| Q2 24 | -17.5% | -2.4% | ||
| Q1 24 | 11.5% | -10.3% |
| Q4 25 | $0.44 | — | ||
| Q3 25 | $0.00 | — | ||
| Q2 25 | $0.14 | — | ||
| Q1 25 | $0.03 | — | ||
| Q4 24 | $1.09 | — | ||
| Q3 24 | $0.02 | — | ||
| Q2 24 | $-0.06 | — | ||
| Q1 24 | $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 | — | $5.1M |
| Total DebtLower is stronger | $161.6M | — |
| Stockholders' EquityBook value | $467.4M | $11.5M |
| Total Assets | $719.1M | $19.2M |
| Debt / EquityLower = less leverage | 0.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $5.1M | ||
| Q3 25 | — | $5.1M | ||
| Q2 25 | — | $3.9M | ||
| Q1 25 | — | $7.0M | ||
| Q4 24 | — | $8.3M | ||
| Q3 24 | — | $7.9M | ||
| Q2 24 | — | $7.6M | ||
| Q1 24 | — | $7.1M |
| 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 | $467.4M | $11.5M | ||
| Q3 25 | $457.3M | $12.8M | ||
| Q2 25 | $473.5M | $13.4M | ||
| Q1 25 | $492.2M | $13.3M | ||
| Q4 24 | $494.6M | $13.2M | ||
| Q3 24 | $519.4M | $13.1M | ||
| Q2 24 | $521.5M | $12.6M | ||
| Q1 24 | $526.7M | $12.7M |
| Q4 25 | $719.1M | $19.2M | ||
| Q3 25 | $738.5M | $18.9M | ||
| Q2 25 | $776.7M | $20.4M | ||
| Q1 25 | $810.5M | $21.5M | ||
| Q4 24 | $869.6M | $19.3M | ||
| Q3 24 | $1.0B | $18.8M | ||
| Q2 24 | $1.0B | $18.0M | ||
| Q1 24 | $1.0B | $17.6M |
| 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 | $17.4M | $68.4K |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.4M | $68.4K | ||
| Q3 25 | $-2.0M | $1.2M | ||
| Q2 25 | $-2.2M | $-2.8M | ||
| Q1 25 | $6.4M | $-1.3M | ||
| Q4 24 | $16.1M | $339.2K | ||
| Q3 24 | $-4.3M | $305.8K | ||
| Q2 24 | $-6.1M | $642.7K | ||
| Q1 24 | $11.9M | $-422.3K |
| 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
Segment breakdown not available.
LSF
| Wholesale | $7.0M | 52% |
| Coffee Tea And Hot Chocolate Products | $4.4M | 33% |
| Hydration And Beverage Enhancing Supplements | $1.6M | 12% |
| Other | $352.6K | 3% |
