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Side-by-side financial comparison of Farmland Partners Inc. (FPI) and AVITA Medical, Inc. (RCEL). Click either name above to swap in a different company.

Farmland Partners Inc. is the larger business by last-quarter revenue ($20.7M vs $17.6M, roughly 1.2× AVITA Medical, Inc.). Farmland Partners Inc. runs the higher net margin — 103.4% vs -66.0%, a 169.4% gap on every dollar of revenue. On growth, Farmland Partners Inc. posted the faster year-over-year revenue change (-3.5% vs -4.3%). Over the past eight quarters, Farmland Partners Inc.'s revenue compounded faster (31.4% CAGR vs 26.0%).

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.

Avita Medical is a clinical and commercial company developing and marketing a range regenerative medicine products. The first regenerative medicine product brought to the market by Avita Medical was ReCell spray-on skin for the treatment of burns. The two latest products are ReNovaCell, for Aesthetics and Plastic applications including skin trauma, and ReGenerCell for the treatment of chronic wounds. The Avita Medical regenerative product range is currently marketed in Europe, the Middle East...

FPI vs RCEL — Head-to-Head

Bigger by revenue
FPI
FPI
1.2× larger
FPI
$20.7M
$17.6M
RCEL
Growing faster (revenue YoY)
FPI
FPI
+0.8% gap
FPI
-3.5%
-4.3%
RCEL
Higher net margin
FPI
FPI
169.4% more per $
FPI
103.4%
-66.0%
RCEL
Faster 2-yr revenue CAGR
FPI
FPI
Annualised
FPI
31.4%
26.0%
RCEL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FPI
FPI
RCEL
RCEL
Revenue
$20.7M
$17.6M
Net Profit
$21.4M
$-11.6M
Gross Margin
81.2%
Operating Margin
-59.1%
Net Margin
103.4%
-66.0%
Revenue YoY
-3.5%
-4.3%
Net Profit YoY
-63.5%
-0.3%
EPS (diluted)
$0.44
$-0.37

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
RCEL
RCEL
Q4 25
$20.7M
$17.6M
Q3 25
$11.3M
$17.1M
Q2 25
$10.0M
$18.4M
Q1 25
$10.3M
$18.5M
Q4 24
$21.5M
$18.4M
Q3 24
$13.3M
$19.5M
Q2 24
$11.4M
$15.2M
Q1 24
$12.0M
$11.1M
Net Profit
FPI
FPI
RCEL
RCEL
Q4 25
$21.4M
$-11.6M
Q3 25
$483.0K
$-13.2M
Q2 25
$7.6M
$-9.9M
Q1 25
$2.0M
$-13.9M
Q4 24
$58.7M
$-11.6M
Q3 24
$1.8M
$-16.2M
Q2 24
$-2.0M
$-15.4M
Q1 24
$1.4M
$-18.7M
Gross Margin
FPI
FPI
RCEL
RCEL
Q4 25
81.2%
Q3 25
81.3%
Q2 25
81.2%
Q1 25
84.7%
Q4 24
87.6%
Q3 24
83.7%
Q2 24
86.1%
Q1 24
86.4%
Operating Margin
FPI
FPI
RCEL
RCEL
Q4 25
-59.1%
Q3 25
4.3%
-53.6%
Q2 25
78.2%
-60.5%
Q1 25
20.6%
-63.9%
Q4 24
-54.1%
Q3 24
13.9%
-70.6%
Q2 24
-17.9%
-102.8%
Q1 24
11.9%
-155.0%
Net Margin
FPI
FPI
RCEL
RCEL
Q4 25
103.4%
-66.0%
Q3 25
4.3%
-77.3%
Q2 25
76.3%
-53.9%
Q1 25
19.9%
-74.9%
Q4 24
273.6%
-63.0%
Q3 24
13.5%
-82.9%
Q2 24
-17.5%
-101.3%
Q1 24
11.5%
-168.0%
EPS (diluted)
FPI
FPI
RCEL
RCEL
Q4 25
$0.44
$-0.37
Q3 25
$0.00
$-0.46
Q2 25
$0.14
$-0.38
Q1 25
$0.03
$-0.53
Q4 24
$1.09
$-0.44
Q3 24
$0.02
$-0.62
Q2 24
$-0.06
$-0.60
Q1 24
$0.01
$-0.73

Balance Sheet & Financial Strength

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

Metric
FPI
FPI
RCEL
RCEL
Cash + ST InvestmentsLiquidity on hand
$18.2M
Total DebtLower is stronger
$161.6M
Stockholders' EquityBook value
$467.4M
$-16.6M
Total Assets
$719.1M
$56.4M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FPI
FPI
RCEL
RCEL
Q4 25
$18.2M
Q3 25
$23.3M
Q2 25
$15.7M
Q1 25
$25.8M
Q4 24
$35.9M
Q3 24
$44.4M
Q2 24
$54.1M
Q1 24
$68.2M
Total Debt
FPI
FPI
RCEL
RCEL
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
RCEL
RCEL
Q4 25
$467.4M
$-16.6M
Q3 25
$457.3M
$-6.7M
Q2 25
$473.5M
$-12.9M
Q1 25
$492.2M
$-4.6M
Q4 24
$494.6M
$4.5M
Q3 24
$519.4M
$12.2M
Q2 24
$521.5M
$23.9M
Q1 24
$526.7M
$32.6M
Total Assets
FPI
FPI
RCEL
RCEL
Q4 25
$719.1M
$56.4M
Q3 25
$738.5M
$63.7M
Q2 25
$776.7M
$58.1M
Q1 25
$810.5M
$69.6M
Q4 24
$869.6M
$79.7M
Q3 24
$1.0B
$81.1M
Q2 24
$1.0B
$87.8M
Q1 24
$1.0B
$97.4M
Debt / Equity
FPI
FPI
RCEL
RCEL
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
RCEL
RCEL
Operating Cash FlowLast quarter
$17.4M
$-5.4M
Free Cash FlowOCF − Capex
$-6.1M
FCF MarginFCF / Revenue
-34.7%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
0.81×
TTM Free Cash FlowTrailing 4 quarters
$-33.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FPI
FPI
RCEL
RCEL
Q4 25
$17.4M
$-5.4M
Q3 25
$-2.0M
$-5.2M
Q2 25
$-2.2M
$-10.2M
Q1 25
$6.4M
$-10.3M
Q4 24
$16.1M
$-8.1M
Q3 24
$-4.3M
$-7.2M
Q2 24
$-6.1M
$-12.8M
Q1 24
$11.9M
$-20.9M
Free Cash Flow
FPI
FPI
RCEL
RCEL
Q4 25
$-6.1M
Q3 25
$-6.2M
Q2 25
$-10.8M
Q1 25
$-10.5M
Q4 24
$-9.7M
Q3 24
$-11.0M
Q2 24
$-15.4M
Q1 24
$-22.0M
FCF Margin
FPI
FPI
RCEL
RCEL
Q4 25
-34.7%
Q3 25
-36.1%
Q2 25
-58.4%
Q1 25
-56.9%
Q4 24
-52.7%
Q3 24
-56.1%
Q2 24
-101.6%
Q1 24
-198.2%
Capex Intensity
FPI
FPI
RCEL
RCEL
Q4 25
3.8%
Q3 25
5.5%
Q2 25
2.8%
Q1 25
1.2%
Q4 24
8.8%
Q3 24
19.2%
Q2 24
17.5%
Q1 24
10.3%
Cash Conversion
FPI
FPI
RCEL
RCEL
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.

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