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Side-by-side financial comparison of Farmland Partners Inc. (FPI) and R F INDUSTRIES LTD (RFIL). Click either name above to swap in a different company.

R F INDUSTRIES LTD is the larger business by last-quarter revenue ($22.7M vs $20.7M, roughly 1.1× Farmland Partners Inc.). Farmland Partners Inc. runs the higher net margin — 103.4% vs 0.8%, a 102.6% gap on every dollar of revenue. On growth, R F INDUSTRIES LTD posted the faster year-over-year revenue change (22.9% vs -3.5%). Over the past eight quarters, Farmland Partners Inc.'s revenue compounded faster (31.4% CAGR vs 29.8%).

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.

Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.

FPI vs RFIL — Head-to-Head

Bigger by revenue
RFIL
RFIL
1.1× larger
RFIL
$22.7M
$20.7M
FPI
Growing faster (revenue YoY)
RFIL
RFIL
+26.5% gap
RFIL
22.9%
-3.5%
FPI
Higher net margin
FPI
FPI
102.6% more per $
FPI
103.4%
0.8%
RFIL
Faster 2-yr revenue CAGR
FPI
FPI
Annualised
FPI
31.4%
29.8%
RFIL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FPI
FPI
RFIL
RFIL
Revenue
$20.7M
$22.7M
Net Profit
$21.4M
$173.0K
Gross Margin
36.8%
Operating Margin
4.0%
Net Margin
103.4%
0.8%
Revenue YoY
-3.5%
22.9%
Net Profit YoY
-63.5%
172.7%
EPS (diluted)
$0.44
$0.01

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
RFIL
RFIL
Q4 25
$20.7M
$22.7M
Q3 25
$11.3M
$19.8M
Q2 25
$10.0M
$18.9M
Q1 25
$10.3M
$19.2M
Q4 24
$21.5M
$18.5M
Q3 24
$13.3M
$16.8M
Q2 24
$11.4M
$16.1M
Q1 24
$12.0M
$13.5M
Net Profit
FPI
FPI
RFIL
RFIL
Q4 25
$21.4M
$173.0K
Q3 25
$483.0K
$392.0K
Q2 25
$7.6M
$-245.0K
Q1 25
$2.0M
$-245.0K
Q4 24
$58.7M
$-238.0K
Q3 24
$1.8M
$-705.0K
Q2 24
$-2.0M
$-4.3M
Q1 24
$1.4M
$-1.4M
Gross Margin
FPI
FPI
RFIL
RFIL
Q4 25
36.8%
Q3 25
34.0%
Q2 25
31.5%
Q1 25
29.8%
Q4 24
31.3%
Q3 24
29.5%
Q2 24
29.9%
Q1 24
24.5%
Operating Margin
FPI
FPI
RFIL
RFIL
Q4 25
4.0%
Q3 25
4.3%
3.6%
Q2 25
78.2%
0.6%
Q1 25
20.6%
0.3%
Q4 24
0.5%
Q3 24
13.9%
-2.5%
Q2 24
-17.9%
-2.6%
Q1 24
11.9%
-15.5%
Net Margin
FPI
FPI
RFIL
RFIL
Q4 25
103.4%
0.8%
Q3 25
4.3%
2.0%
Q2 25
76.3%
-1.3%
Q1 25
19.9%
-1.3%
Q4 24
273.6%
-1.3%
Q3 24
13.5%
-4.2%
Q2 24
-17.5%
-26.7%
Q1 24
11.5%
-10.1%
EPS (diluted)
FPI
FPI
RFIL
RFIL
Q4 25
$0.44
$0.01
Q3 25
$0.00
$0.04
Q2 25
$0.14
$-0.02
Q1 25
$0.03
$-0.02
Q4 24
$1.09
$-0.02
Q3 24
$0.02
$-0.07
Q2 24
$-0.06
$-0.41
Q1 24
$0.01
$-0.13

Balance Sheet & Financial Strength

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

Metric
FPI
FPI
RFIL
RFIL
Cash + ST InvestmentsLiquidity on hand
$5.1M
Total DebtLower is stronger
$161.6M
Stockholders' EquityBook value
$467.4M
$35.2M
Total Assets
$719.1M
$73.0M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FPI
FPI
RFIL
RFIL
Q4 25
$5.1M
Q3 25
$3.0M
Q2 25
$3.6M
Q1 25
$1.3M
Q4 24
$839.0K
Q3 24
$1.8M
Q2 24
$1.4M
Q1 24
$4.5M
Total Debt
FPI
FPI
RFIL
RFIL
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
RFIL
RFIL
Q4 25
$467.4M
$35.2M
Q3 25
$457.3M
$34.8M
Q2 25
$473.5M
$34.2M
Q1 25
$492.2M
$34.2M
Q4 24
$494.6M
$34.1M
Q3 24
$519.4M
$34.1M
Q2 24
$521.5M
$34.6M
Q1 24
$526.7M
$38.7M
Total Assets
FPI
FPI
RFIL
RFIL
Q4 25
$719.1M
$73.0M
Q3 25
$738.5M
$73.2M
Q2 25
$776.7M
$72.7M
Q1 25
$810.5M
$70.4M
Q4 24
$869.6M
$71.0M
Q3 24
$1.0B
$71.9M
Q2 24
$1.0B
$72.8M
Q1 24
$1.0B
$79.1M
Debt / Equity
FPI
FPI
RFIL
RFIL
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
RFIL
RFIL
Operating Cash FlowLast quarter
$17.4M
$2.1M
Free Cash FlowOCF − Capex
$2.0M
FCF MarginFCF / Revenue
9.0%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
0.81×
12.13×
TTM Free Cash FlowTrailing 4 quarters
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FPI
FPI
RFIL
RFIL
Q4 25
$17.4M
$2.1M
Q3 25
$-2.0M
$-311.0K
Q2 25
$-2.2M
$2.2M
Q1 25
$6.4M
$601.0K
Q4 24
$16.1M
$-244.0K
Q3 24
$-4.3M
$2.4M
Q2 24
$-6.1M
$197.0K
Q1 24
$11.9M
$840.0K
Free Cash Flow
FPI
FPI
RFIL
RFIL
Q4 25
$2.0M
Q3 25
$-419.0K
Q2 25
$2.2M
Q1 25
$574.0K
Q4 24
$-418.0K
Q3 24
$2.1M
Q2 24
$28.0K
Q1 24
$697.0K
FCF Margin
FPI
FPI
RFIL
RFIL
Q4 25
9.0%
Q3 25
-2.1%
Q2 25
11.4%
Q1 25
3.0%
Q4 24
-2.3%
Q3 24
12.6%
Q2 24
0.2%
Q1 24
5.2%
Capex Intensity
FPI
FPI
RFIL
RFIL
Q4 25
0.3%
Q3 25
0.5%
Q2 25
0.2%
Q1 25
0.1%
Q4 24
0.9%
Q3 24
1.5%
Q2 24
1.0%
Q1 24
1.1%
Cash Conversion
FPI
FPI
RFIL
RFIL
Q4 25
0.81×
12.13×
Q3 25
-4.04×
-0.79×
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.

RFIL
RFIL

US$20.9M92%
Non Us$1.8M8%

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