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

Farmland Partners Inc. is the larger business by last-quarter revenue ($20.7M vs $10.8M, roughly 1.9× MARCHEX INC). Farmland Partners Inc. runs the higher net margin — 103.4% vs -21.4%, a 124.8% gap on every dollar of revenue. On growth, Farmland Partners Inc. posted the faster year-over-year revenue change (-3.5% vs -9.0%). Over the past eight quarters, Farmland Partners Inc.'s revenue compounded faster (31.4% CAGR vs -3.2%).

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.

Marchex Inc. is a U.S.-headquartered technology company focused on conversational analytics, call tracking, and digital marketing solutions for small and medium-sized businesses as well as enterprise clients across North America. Its core products help businesses optimize customer acquisition strategies, quantify marketing campaign performance, and improve customer engagement across voice and digital communication channels.

FPI vs MCHX — Head-to-Head

Bigger by revenue
FPI
FPI
1.9× larger
FPI
$20.7M
$10.8M
MCHX
Growing faster (revenue YoY)
FPI
FPI
+5.5% gap
FPI
-3.5%
-9.0%
MCHX
Higher net margin
FPI
FPI
124.8% more per $
FPI
103.4%
-21.4%
MCHX
Faster 2-yr revenue CAGR
FPI
FPI
Annualised
FPI
31.4%
-3.2%
MCHX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FPI
FPI
MCHX
MCHX
Revenue
$20.7M
$10.8M
Net Profit
$21.4M
$-2.3M
Gross Margin
61.6%
Operating Margin
-21.9%
Net Margin
103.4%
-21.4%
Revenue YoY
-3.5%
-9.0%
Net Profit YoY
-63.5%
-21.3%
EPS (diluted)
$0.44
$-0.05

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
MCHX
MCHX
Q4 25
$20.7M
$10.8M
Q3 25
$11.3M
$11.5M
Q2 25
$10.0M
$11.7M
Q1 25
$10.3M
$11.4M
Q4 24
$21.5M
$11.9M
Q3 24
$13.3M
$12.6M
Q2 24
$11.4M
$12.1M
Q1 24
$12.0M
$11.6M
Net Profit
FPI
FPI
MCHX
MCHX
Q4 25
$21.4M
$-2.3M
Q3 25
$483.0K
$-1.0M
Q2 25
$7.6M
$84.0K
Q1 25
$2.0M
$-2.0M
Q4 24
$58.7M
$-1.9M
Q3 24
$1.8M
$-831.0K
Q2 24
$-2.0M
$-756.0K
Q1 24
$1.4M
$-1.4M
Gross Margin
FPI
FPI
MCHX
MCHX
Q4 25
61.6%
Q3 25
63.1%
Q2 25
65.1%
Q1 25
63.3%
Q4 24
63.2%
Q3 24
66.4%
Q2 24
65.6%
Q1 24
61.9%
Operating Margin
FPI
FPI
MCHX
MCHX
Q4 25
-21.9%
Q3 25
4.3%
-8.2%
Q2 25
78.2%
-4.6%
Q1 25
20.6%
-16.4%
Q4 24
-13.3%
Q3 24
13.9%
-6.6%
Q2 24
-17.9%
-6.0%
Q1 24
11.9%
-11.3%
Net Margin
FPI
FPI
MCHX
MCHX
Q4 25
103.4%
-21.4%
Q3 25
4.3%
-8.9%
Q2 25
76.3%
0.7%
Q1 25
19.9%
-17.4%
Q4 24
273.6%
-16.0%
Q3 24
13.5%
-6.6%
Q2 24
-17.5%
-6.3%
Q1 24
11.5%
-12.5%
EPS (diluted)
FPI
FPI
MCHX
MCHX
Q4 25
$0.44
$-0.05
Q3 25
$0.00
$-0.02
Q2 25
$0.14
$0.00
Q1 25
$0.03
$-0.05
Q4 24
$1.09
$-0.04
Q3 24
$0.02
$-0.02
Q2 24
$-0.06
$-0.02
Q1 24
$0.01
$-0.03

Balance Sheet & Financial Strength

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

Metric
FPI
FPI
MCHX
MCHX
Cash + ST InvestmentsLiquidity on hand
$9.9M
Total DebtLower is stronger
$161.6M
Stockholders' EquityBook value
$467.4M
$30.1M
Total Assets
$719.1M
$39.7M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FPI
FPI
MCHX
MCHX
Q4 25
$9.9M
Q3 25
$10.3M
Q2 25
$10.5M
Q1 25
$10.0M
Q4 24
$12.8M
Q3 24
$12.1M
Q2 24
$12.0M
Q1 24
$12.0M
Total Debt
FPI
FPI
MCHX
MCHX
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
MCHX
MCHX
Q4 25
$467.4M
$30.1M
Q3 25
$457.3M
$31.9M
Q2 25
$473.5M
$32.0M
Q1 25
$492.2M
$31.4M
Q4 24
$494.6M
$32.6M
Q3 24
$519.4M
$34.1M
Q2 24
$521.5M
$34.5M
Q1 24
$526.7M
$34.9M
Total Assets
FPI
FPI
MCHX
MCHX
Q4 25
$719.1M
$39.7M
Q3 25
$738.5M
$41.1M
Q2 25
$776.7M
$42.0M
Q1 25
$810.5M
$40.6M
Q4 24
$869.6M
$43.2M
Q3 24
$1.0B
$44.1M
Q2 24
$1.0B
$45.5M
Q1 24
$1.0B
$45.6M
Debt / Equity
FPI
FPI
MCHX
MCHX
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
MCHX
MCHX
Operating Cash FlowLast quarter
$17.4M
$121.0K
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.

Operating Cash Flow
FPI
FPI
MCHX
MCHX
Q4 25
$17.4M
$121.0K
Q3 25
$-2.0M
$290.0K
Q2 25
$-2.2M
$803.0K
Q1 25
$6.4M
$-2.6M
Q4 24
$16.1M
$875.0K
Q3 24
$-4.3M
$382.0K
Q2 24
$-6.1M
$117.0K
Q1 24
$11.9M
$-2.5M
Free Cash Flow
FPI
FPI
MCHX
MCHX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$757.0K
Q3 24
$199.0K
Q2 24
$40.0K
Q1 24
$-2.5M
FCF Margin
FPI
FPI
MCHX
MCHX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
6.3%
Q3 24
1.6%
Q2 24
0.3%
Q1 24
-21.4%
Capex Intensity
FPI
FPI
MCHX
MCHX
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
1.0%
Q3 24
1.5%
Q2 24
0.6%
Q1 24
0.0%
Cash Conversion
FPI
FPI
MCHX
MCHX
Q4 25
0.81×
Q3 25
-4.04×
Q2 25
-0.29×
9.56×
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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