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Side-by-side financial comparison of Farmland Partners Inc. (FPI) and Owlet, Inc. (OWLT). Click either name above to swap in a different company.
Owlet, Inc. is the larger business by last-quarter revenue ($26.6M vs $20.7M, roughly 1.3× Farmland Partners Inc.). Farmland Partners Inc. runs the higher net margin — 103.4% vs -34.6%, a 138.0% gap on every dollar of revenue. On growth, Owlet, Inc. posted the faster year-over-year revenue change (29.6% vs -3.5%). Over the past eight quarters, Owlet, Inc.'s revenue compounded faster (34.2% CAGR vs 31.4%).
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.
Owlet, Inc. is a pediatric health technology firm that develops smart wearable monitoring products for infants, most notably its signature smart sock that tracks real-time heart rate, oxygen levels, and sleep metrics. It serves global consumer markets across North America, Europe, and Asia-Pacific, distributing products via direct-to-consumer e-commerce and partnered retail outlets, focused on supporting parental peace of mind and infant health safety.
FPI vs OWLT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.7M | $26.6M |
| Net Profit | $21.4M | $-9.2M |
| Gross Margin | — | 47.6% |
| Operating Margin | — | -18.4% |
| Net Margin | 103.4% | -34.6% |
| Revenue YoY | -3.5% | 29.6% |
| Net Profit YoY | -63.5% | -1.5% |
| 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.
| Q4 25 | $20.7M | $26.6M | ||
| Q3 25 | $11.3M | $32.0M | ||
| Q2 25 | $10.0M | $26.1M | ||
| Q1 25 | $10.3M | $21.1M | ||
| Q4 24 | $21.5M | $20.5M | ||
| Q3 24 | $13.3M | $22.1M | ||
| Q2 24 | $11.4M | $20.7M | ||
| Q1 24 | $12.0M | $14.8M |
| Q4 25 | $21.4M | $-9.2M | ||
| Q3 25 | $483.0K | $4.1M | ||
| Q2 25 | $7.6M | $-37.6M | ||
| Q1 25 | $2.0M | $3.0M | ||
| Q4 24 | $58.7M | $-9.1M | ||
| Q3 24 | $1.8M | $-5.6M | ||
| Q2 24 | $-2.0M | $-1.1M | ||
| Q1 24 | $1.4M | $3.3M |
| Q4 25 | — | 47.6% | ||
| Q3 25 | — | 50.6% | ||
| Q2 25 | — | 51.3% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | 53.5% | ||
| Q3 24 | — | 52.2% | ||
| Q2 24 | — | 49.5% | ||
| Q1 24 | — | 44.4% |
| Q4 25 | — | -18.4% | ||
| Q3 25 | 4.3% | 3.8% | ||
| Q2 25 | 78.2% | -7.4% | ||
| Q1 25 | 20.6% | -12.7% | ||
| Q4 24 | — | -36.2% | ||
| Q3 24 | 13.9% | -21.8% | ||
| Q2 24 | -17.9% | -10.8% | ||
| Q1 24 | 11.9% | -39.0% |
| Q4 25 | 103.4% | -34.6% | ||
| Q3 25 | 4.3% | 12.9% | ||
| Q2 25 | 76.3% | -144.4% | ||
| Q1 25 | 19.9% | 14.3% | ||
| Q4 24 | 273.6% | -44.2% | ||
| Q3 24 | 13.5% | -25.4% | ||
| Q2 24 | -17.5% | -5.5% | ||
| Q1 24 | 11.5% | 22.2% |
| Q4 25 | $0.44 | — | ||
| Q3 25 | $0.00 | $-0.06 | ||
| Q2 25 | $0.14 | $-2.37 | ||
| Q1 25 | $0.03 | $0.11 | ||
| Q4 24 | $1.09 | $-0.15 | ||
| Q3 24 | $0.02 | $-0.61 | ||
| Q2 24 | $-0.06 | $-0.30 | ||
| Q1 24 | $0.01 | $-0.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $35.5M |
| Total DebtLower is stronger | $161.6M | — |
| Stockholders' EquityBook value | $467.4M | $19.0M |
| Total Assets | $719.1M | $85.6M |
| Debt / EquityLower = less leverage | 0.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $35.5M | ||
| Q3 25 | — | $23.8M | ||
| Q2 25 | — | $21.8M | ||
| Q1 25 | — | $16.3M | ||
| Q4 24 | — | $20.2M | ||
| Q3 24 | — | $21.6M | ||
| Q2 24 | — | $15.4M | ||
| Q1 24 | — | $18.4M |
| 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 | $2.1M | ||
| Q1 24 | $383.0M | $4.0M |
| Q4 25 | $467.4M | $19.0M | ||
| Q3 25 | $457.3M | $-54.1M | ||
| Q2 25 | $473.5M | $-59.2M | ||
| Q1 25 | $492.2M | $-25.8M | ||
| Q4 24 | $494.6M | $-29.8M | ||
| Q3 24 | $519.4M | $-21.5M | ||
| Q2 24 | $521.5M | $-33.4M | ||
| Q1 24 | $526.7M | $-32.9M |
| Q4 25 | $719.1M | $85.6M | ||
| Q3 25 | $738.5M | $74.9M | ||
| Q2 25 | $776.7M | $63.5M | ||
| Q1 25 | $810.5M | $51.4M | ||
| Q4 24 | $869.6M | $49.5M | ||
| Q3 24 | $1.0B | $56.1M | ||
| Q2 24 | $1.0B | $45.9M | ||
| Q1 24 | $1.0B | $43.8M |
| 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 | $-452.0K |
| Free Cash FlowOCF − Capex | — | $-651.0K |
| FCF MarginFCF / Revenue | — | -2.5% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-11.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.4M | $-452.0K | ||
| Q3 25 | $-2.0M | $-2.2M | ||
| Q2 25 | $-2.2M | $-2.2M | ||
| Q1 25 | $6.4M | $-5.9M | ||
| Q4 24 | $16.1M | $3.0M | ||
| Q3 24 | $-4.3M | $-7.5M | ||
| Q2 24 | $-6.1M | $-3.4M | ||
| Q1 24 | $11.9M | $-3.4M |
| Q4 25 | — | $-651.0K | ||
| Q3 25 | — | $-2.2M | ||
| Q2 25 | — | $-2.3M | ||
| Q1 25 | — | $-5.9M | ||
| Q4 24 | — | $3.0M | ||
| Q3 24 | — | $-7.5M | ||
| Q2 24 | — | $-3.4M | ||
| Q1 24 | — | — |
| Q4 25 | — | -2.5% | ||
| Q3 25 | — | -6.8% | ||
| Q2 25 | — | -8.8% | ||
| Q1 25 | — | -28.1% | ||
| Q4 24 | — | 14.5% | ||
| Q3 24 | — | -33.9% | ||
| Q2 24 | — | -16.3% | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
| Q4 25 | 0.81× | — | ||
| Q3 25 | -4.04× | -0.52× | ||
| Q2 25 | -0.29× | — | ||
| Q1 25 | 3.12× | -1.96× | ||
| Q4 24 | 0.27× | — | ||
| Q3 24 | -2.39× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 8.66× | -1.03× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FPI
Segment breakdown not available.
OWLT
| US | $22.7M | 85% |
| Non Us | $3.2M | 12% |
| Other | $651.0K | 2% |
