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Side-by-side financial comparison of Farmland Partners Inc. (FPI) and Rent the Runway, Inc. (RENT). Click either name above to swap in a different company.

Farmland Partners Inc. is the larger business by last-quarter revenue ($20.7M vs $10.6M, roughly 2.0× Rent the Runway, Inc.). Rent the Runway, Inc. runs the higher net margin — 721.7% vs 103.4%, a 618.3% gap on every dollar of revenue. On growth, Rent the Runway, Inc. posted the faster year-over-year revenue change (10.4% vs -3.5%). Over the past eight quarters, Farmland Partners Inc.'s revenue compounded faster (31.4% CAGR vs 1.0%).

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.

Rent the Runway is an American e-commerce platform that allows users to rent, subscribe, or buy designer apparel and accessories. It was founded in November 2009 by Jennifer Hyman and Jennifer Fleiss and is based in New York City.

FPI vs RENT — Head-to-Head

Bigger by revenue
FPI
FPI
2.0× larger
FPI
$20.7M
$10.6M
RENT
Growing faster (revenue YoY)
RENT
RENT
+14.0% gap
RENT
10.4%
-3.5%
FPI
Higher net margin
RENT
RENT
618.3% more per $
RENT
721.7%
103.4%
FPI
Faster 2-yr revenue CAGR
FPI
FPI
Annualised
FPI
31.4%
1.0%
RENT

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
FPI
FPI
RENT
RENT
Revenue
$20.7M
$10.6M
Net Profit
$21.4M
$76.5M
Gross Margin
-126.4%
Operating Margin
-152.8%
Net Margin
103.4%
721.7%
Revenue YoY
-3.5%
10.4%
Net Profit YoY
-63.5%
504.8%
EPS (diluted)
$0.44
$13.65

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
RENT
RENT
Q4 25
$20.7M
$10.6M
Q3 25
$11.3M
$11.7M
Q2 25
$10.0M
$7.6M
Q1 25
$10.3M
$11.8M
Q4 24
$21.5M
$9.6M
Q3 24
$13.3M
$10.4M
Q2 24
$11.4M
$8.9M
Q1 24
$12.0M
$10.4M
Net Profit
FPI
FPI
RENT
RENT
Q4 25
$21.4M
$76.5M
Q3 25
$483.0K
$-26.4M
Q2 25
$7.6M
$-26.1M
Q1 25
$2.0M
$-13.4M
Q4 24
$58.7M
$-18.9M
Q3 24
$1.8M
$-15.6M
Q2 24
$-2.0M
$-22.0M
Q1 24
$1.4M
$-24.8M
Gross Margin
FPI
FPI
RENT
RENT
Q4 25
-126.4%
Q3 25
-92.3%
Q2 25
-168.4%
Q1 25
-71.2%
Q4 24
-122.9%
Q3 24
-98.1%
Q2 24
-131.5%
Q1 24
-93.3%
Operating Margin
FPI
FPI
RENT
RENT
Q4 25
-152.8%
Q3 25
4.3%
-171.8%
Q2 25
78.2%
-259.2%
Q1 25
20.6%
-65.3%
Q4 24
-142.7%
Q3 24
13.9%
-92.3%
Q2 24
-17.9%
-185.4%
Q1 24
11.9%
-185.6%
Net Margin
FPI
FPI
RENT
RENT
Q4 25
103.4%
721.7%
Q3 25
4.3%
-225.6%
Q2 25
76.3%
-343.4%
Q1 25
19.9%
-113.6%
Q4 24
273.6%
-196.9%
Q3 24
13.5%
-150.0%
Q2 24
-17.5%
-247.2%
Q1 24
11.5%
-238.5%
EPS (diluted)
FPI
FPI
RENT
RENT
Q4 25
$0.44
$13.65
Q3 25
$0.00
$-6.55
Q2 25
$0.14
$-6.58
Q1 25
$0.03
$-2.72
Q4 24
$1.09
$-4.70
Q3 24
$0.02
$-4.17
Q2 24
$-0.06
$-6.03
Q1 24
$0.01
$-5.36

Balance Sheet & Financial Strength

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

Metric
FPI
FPI
RENT
RENT
Cash + ST InvestmentsLiquidity on hand
$50.7M
Total DebtLower is stronger
$161.6M
Stockholders' EquityBook value
$467.4M
$-35.1M
Total Assets
$719.1M
$231.0M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FPI
FPI
RENT
RENT
Q4 25
$50.7M
Q3 25
$43.6M
Q2 25
$70.4M
Q1 25
$77.4M
Q4 24
$74.1M
Q3 24
$76.6M
Q2 24
$82.0M
Q1 24
$84.0M
Total Debt
FPI
FPI
RENT
RENT
Q4 25
$161.6M
Q3 25
$170.4M
Q2 25
$193.4M
$340.6M
Q1 25
$202.6M
$333.7M
Q4 24
$204.6M
Q3 24
$394.0M
Q2 24
$393.0M
Q1 24
$383.0M
Stockholders' Equity
FPI
FPI
RENT
RENT
Q4 25
$467.4M
$-35.1M
Q3 25
$457.3M
$-232.1M
Q2 25
$473.5M
$-207.1M
Q1 25
$492.2M
$-182.5M
Q4 24
$494.6M
$-171.2M
Q3 24
$519.4M
$-154.5M
Q2 24
$521.5M
$-141.3M
Q1 24
$526.7M
$-122.3M
Total Assets
FPI
FPI
RENT
RENT
Q4 25
$719.1M
$231.0M
Q3 25
$738.5M
$219.0M
Q2 25
$776.7M
$245.3M
Q1 25
$810.5M
$240.0M
Q4 24
$869.6M
$251.6M
Q3 24
$1.0B
$257.4M
Q2 24
$1.0B
$278.4M
Q1 24
$1.0B
$278.5M
Debt / Equity
FPI
FPI
RENT
RENT
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
RENT
RENT
Operating Cash FlowLast quarter
$17.4M
$-1.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.81×
-0.02×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FPI
FPI
RENT
RENT
Q4 25
$17.4M
$-1.4M
Q3 25
$-2.0M
$-10.5M
Q2 25
$-2.2M
$8.3M
Q1 25
$6.4M
$1.4M
Q4 24
$16.1M
$4.7M
Q3 24
$-4.3M
$2.2M
Q2 24
$-6.1M
$4.6M
Q1 24
$11.9M
$-8.0M
Cash Conversion
FPI
FPI
RENT
RENT
Q4 25
0.81×
-0.02×
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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