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Side-by-side financial comparison of Farmland Partners Inc. (FPI) and NextPlat Corp (NXPL). Click either name above to swap in a different company.
Farmland Partners Inc. is the larger business by last-quarter revenue ($20.7M vs $12.8M, roughly 1.6× NextPlat Corp). Farmland Partners Inc. runs the higher net margin — 103.4% vs -40.2%, a 143.6% gap on every dollar of revenue. On growth, Farmland Partners Inc. posted the faster year-over-year revenue change (-3.5% vs -21.1%). Over the past eight quarters, Farmland Partners Inc.'s revenue compounded faster (31.4% CAGR vs -14.4%).
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.
FPI vs NXPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.7M | $12.8M |
| Net Profit | $21.4M | $-5.1M |
| Gross Margin | — | 14.3% |
| Operating Margin | — | -28.9% |
| Net Margin | 103.4% | -40.2% |
| Revenue YoY | -3.5% | -21.1% |
| Net Profit YoY | -63.5% | -70.6% |
| 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 | $12.8M | ||
| Q3 25 | $11.3M | $13.8M | ||
| Q2 25 | $10.0M | $13.2M | ||
| Q1 25 | $10.3M | $14.5M | ||
| Q4 24 | $21.5M | $16.2M | ||
| Q3 24 | $13.3M | $15.4M | ||
| Q2 24 | $11.4M | $17.0M | ||
| Q1 24 | $12.0M | $17.5M |
| Q4 25 | $21.4M | $-5.1M | ||
| Q3 25 | $483.0K | $-2.2M | ||
| Q2 25 | $7.6M | $-1.8M | ||
| Q1 25 | $2.0M | $-1.3M | ||
| Q4 24 | $58.7M | $-3.0M | ||
| Q3 24 | $1.8M | $-4.2M | ||
| Q2 24 | $-2.0M | $-5.3M | ||
| Q1 24 | $1.4M | $-1.5M |
| Q4 25 | — | 14.3% | ||
| Q3 25 | — | 19.9% | ||
| Q2 25 | — | 21.8% | ||
| Q1 25 | — | 23.8% | ||
| Q4 24 | — | 16.8% | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 34.5% | ||
| Q1 24 | — | 27.8% |
| Q4 25 | — | -28.9% | ||
| Q3 25 | 4.3% | -14.5% | ||
| Q2 25 | 78.2% | -13.8% | ||
| Q1 25 | 20.6% | -10.2% | ||
| Q4 24 | — | -14.1% | ||
| Q3 24 | 13.9% | -52.1% | ||
| Q2 24 | -17.9% | -64.1% | ||
| Q1 24 | 11.9% | -10.5% |
| Q4 25 | 103.4% | -40.2% | ||
| Q3 25 | 4.3% | -15.9% | ||
| Q2 25 | 76.3% | -13.5% | ||
| Q1 25 | 19.9% | -9.2% | ||
| Q4 24 | 273.6% | -18.6% | ||
| Q3 24 | 13.5% | -27.4% | ||
| Q2 24 | -17.5% | -31.3% | ||
| Q1 24 | 11.5% | -8.5% |
| Q4 25 | $0.44 | — | ||
| Q3 25 | $0.00 | — | ||
| Q2 25 | $0.14 | — | ||
| Q1 25 | $0.03 | $-0.05 | ||
| Q4 24 | $1.09 | — | ||
| Q3 24 | $0.02 | $-0.22 | ||
| Q2 24 | $-0.06 | — | ||
| Q1 24 | $0.01 | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $13.7M |
| Total DebtLower is stronger | $161.6M | $1.3M |
| Stockholders' EquityBook value | $467.4M | $17.3M |
| Total Assets | $719.1M | $27.5M |
| Debt / EquityLower = less leverage | 0.35× | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $13.7M | ||
| Q3 25 | — | $13.9M | ||
| Q2 25 | — | $16.6M | ||
| Q1 25 | — | $17.7M | ||
| Q4 24 | — | $20.0M | ||
| Q3 24 | — | $20.4M | ||
| Q2 24 | — | $24.9M | ||
| Q1 24 | — | $23.5M |
| Q4 25 | $161.6M | $1.3M | ||
| Q3 25 | $170.4M | $1.2M | ||
| Q2 25 | $193.4M | $1.2M | ||
| Q1 25 | $202.6M | $1.3M | ||
| Q4 24 | $204.6M | $1.4M | ||
| Q3 24 | $394.0M | $1.5M | ||
| Q2 24 | $393.0M | $1.3M | ||
| Q1 24 | $383.0M | $1.4M |
| Q4 25 | $467.4M | $17.3M | ||
| Q3 25 | $457.3M | $21.4M | ||
| Q2 25 | $473.5M | $23.5M | ||
| Q1 25 | $492.2M | $25.3M | ||
| Q4 24 | $494.6M | $27.3M | ||
| Q3 24 | $519.4M | $22.5M | ||
| Q2 24 | $521.5M | $26.5M | ||
| Q1 24 | $526.7M | $31.2M |
| Q4 25 | $719.1M | $27.5M | ||
| Q3 25 | $738.5M | $30.0M | ||
| Q2 25 | $776.7M | $31.0M | ||
| Q1 25 | $810.5M | $35.2M | ||
| Q4 24 | $869.6M | $37.1M | ||
| Q3 24 | $1.0B | $41.1M | ||
| Q2 24 | $1.0B | $51.5M | ||
| Q1 24 | $1.0B | $65.1M |
| Q4 25 | 0.35× | 0.07× | ||
| Q3 25 | 0.37× | 0.05× | ||
| Q2 25 | 0.41× | 0.05× | ||
| Q1 25 | 0.41× | 0.05× | ||
| Q4 24 | 0.41× | 0.05× | ||
| Q3 24 | 0.76× | 0.07× | ||
| Q2 24 | 0.75× | 0.05× | ||
| Q1 24 | 0.73× | 0.04× |
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 | $-302.0K |
| Free Cash FlowOCF − Capex | — | $-339.0K |
| FCF MarginFCF / Revenue | — | -2.6% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.4M | $-302.0K | ||
| Q3 25 | $-2.0M | $-2.7M | ||
| Q2 25 | $-2.2M | $-1.0M | ||
| Q1 25 | $6.4M | $-2.1M | ||
| Q4 24 | $16.1M | $-476.0K | ||
| Q3 24 | $-4.3M | $-4.6M | ||
| Q2 24 | $-6.1M | $2.3M | ||
| Q1 24 | $11.9M | $-2.7M |
| Q4 25 | — | $-339.0K | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-1.1M | ||
| Q1 25 | — | $-2.1M | ||
| Q4 24 | — | $-508.0K | ||
| Q3 24 | — | $-4.7M | ||
| Q2 24 | — | $2.2M | ||
| Q1 24 | — | $-2.7M |
| Q4 25 | — | -2.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -8.0% | ||
| Q1 25 | — | -14.3% | ||
| Q4 24 | — | -3.1% | ||
| Q3 24 | — | -30.6% | ||
| Q2 24 | — | 13.2% | ||
| Q1 24 | — | -15.7% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.4% |
| 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.
NXPL
| Healthcare Operations | $9.0M | 70% |
| Ecommerce Revenue | $3.8M | 30% |
