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Side-by-side financial comparison of Farmland Partners Inc. (FPI) and Nebius Group N.V. (NBIS). Click either name above to swap in a different company.

Nebius Group N.V. is the larger business by last-quarter revenue ($32.1M vs $20.7M, roughly 1.5× Farmland Partners Inc.).

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.

Nebius Group N.V., headquartered in Amsterdam, is a technology company that provides artificial intelligence infrastructure. The company also owns Avride and TripleTen, as well as stakes in Toloka and Clickhouse. It is headquartered in Amsterdam with offices in Israel and the United States.

FPI vs NBIS — Head-to-Head

Bigger by revenue
NBIS
NBIS
1.5× larger
NBIS
$32.1M
$20.7M
FPI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FPI
FPI
NBIS
NBIS
Revenue
$20.7M
$32.1M
Net Profit
$21.4M
Gross Margin
Operating Margin
-251.1%
Net Margin
103.4%
Revenue YoY
-3.5%
Net Profit YoY
-63.5%
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.

Revenue
FPI
FPI
NBIS
NBIS
Q4 25
$20.7M
Q3 25
$11.3M
$32.1M
Q2 25
$10.0M
$24.2M
Q1 25
$10.3M
Q4 24
$21.5M
Q3 24
$13.3M
$79.6M
Q2 24
$11.4M
$36.3M
Q1 24
$12.0M
Net Profit
FPI
FPI
NBIS
NBIS
Q4 25
$21.4M
Q3 25
$483.0K
Q2 25
$7.6M
$-185.4M
Q1 25
$2.0M
Q4 24
$58.7M
Q3 24
$1.8M
$-258.2M
Q2 24
$-2.0M
$-118.3M
Q1 24
$1.4M
Operating Margin
FPI
FPI
NBIS
NBIS
Q4 25
Q3 25
4.3%
-251.1%
Q2 25
78.2%
-754.1%
Q1 25
20.6%
Q4 24
Q3 24
13.9%
-366.1%
Q2 24
-17.9%
-563.1%
Q1 24
11.9%
Net Margin
FPI
FPI
NBIS
NBIS
Q4 25
103.4%
Q3 25
4.3%
Q2 25
76.3%
-766.1%
Q1 25
19.9%
Q4 24
273.6%
Q3 24
13.5%
-324.4%
Q2 24
-17.5%
-325.9%
Q1 24
11.5%
EPS (diluted)
FPI
FPI
NBIS
NBIS
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
FPI
FPI
NBIS
NBIS
Cash + ST InvestmentsLiquidity on hand
$4.8B
Total DebtLower is stronger
$161.6M
Stockholders' EquityBook value
$467.4M
$4.8B
Total Assets
$719.1M
$10.1B
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FPI
FPI
NBIS
NBIS
Q4 25
Q3 25
$4.8B
Q2 25
$1.7B
Q1 25
Q4 24
Q3 24
$2.3B
Q2 24
$2.3B
Q1 24
Total Debt
FPI
FPI
NBIS
NBIS
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
NBIS
NBIS
Q4 25
$467.4M
Q3 25
$457.3M
$4.8B
Q2 25
$473.5M
$3.8B
Q1 25
$492.2M
Q4 24
$494.6M
Q3 24
$519.4M
$2.9B
Q2 24
$521.5M
$4.3B
Q1 24
$526.7M
Total Assets
FPI
FPI
NBIS
NBIS
Q4 25
$719.1M
Q3 25
$738.5M
$10.1B
Q2 25
$776.7M
$5.1B
Q1 25
$810.5M
Q4 24
$869.6M
Q3 24
$1.0B
$3.0B
Q2 24
$1.0B
$4.4B
Q1 24
$1.0B
Debt / Equity
FPI
FPI
NBIS
NBIS
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
NBIS
NBIS
Operating Cash FlowLast quarter
$17.4M
$-196.8M
Free Cash FlowOCF − Capex
$-586.8M
FCF MarginFCF / Revenue
-1828.0%
Capex IntensityCapex / Revenue
1215.0%
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
NBIS
NBIS
Q4 25
$17.4M
Q3 25
$-2.0M
$-196.8M
Q2 25
$-2.2M
$-162.0M
Q1 25
$6.4M
Q4 24
$16.1M
Q3 24
$-4.3M
Q2 24
$-6.1M
Q1 24
$11.9M
Free Cash Flow
FPI
FPI
NBIS
NBIS
Q4 25
Q3 25
$-586.8M
Q2 25
$-379.9M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
FPI
FPI
NBIS
NBIS
Q4 25
Q3 25
-1828.0%
Q2 25
-1569.8%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
FPI
FPI
NBIS
NBIS
Q4 25
Q3 25
1215.0%
Q2 25
900.4%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
FPI
FPI
NBIS
NBIS
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.

NBIS
NBIS

Nebius$27.1M84%
TripleTen$6.3M20%
Avride$100.0K0%

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