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Side-by-side financial comparison of Farmland Partners Inc. (FPI) and RxSight, Inc. (RXST). Click either name above to swap in a different company.
RxSight, Inc. is the larger business by last-quarter revenue ($32.6M vs $20.7M, roughly 1.6× Farmland Partners Inc.). Farmland Partners Inc. runs the higher net margin — 103.4% vs -28.1%, a 131.5% gap on every dollar of revenue. On growth, Farmland Partners Inc. posted the faster year-over-year revenue change (-3.5% vs -18.9%). Over the past eight quarters, Farmland Partners Inc.'s revenue compounded faster (31.4% CAGR vs 5.1%).
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.
RxSight, Inc. is a medical technology company focused on developing and commercializing innovative intraocular lens solutions for patients undergoing cataract and refractive lens exchange procedures. Its flagship Light Adjustable Lens allows post-surgery power adjustment via a dedicated light delivery device, serving global ophthalmology care markets to improve post-operative visual outcomes for patients.
FPI vs RXST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.7M | $32.6M |
| Net Profit | $21.4M | $-9.2M |
| Gross Margin | — | 77.5% |
| Operating Margin | — | -34.8% |
| Net Margin | 103.4% | -28.1% |
| Revenue YoY | -3.5% | -18.9% |
| Net Profit YoY | -63.5% | -54.1% |
| EPS (diluted) | $0.44 | $-0.22 |
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 | $32.6M | ||
| Q3 25 | $11.3M | $30.3M | ||
| Q2 25 | $10.0M | $33.6M | ||
| Q1 25 | $10.3M | $37.9M | ||
| Q4 24 | $21.5M | $40.2M | ||
| Q3 24 | $13.3M | $35.3M | ||
| Q2 24 | $11.4M | $34.9M | ||
| Q1 24 | $12.0M | $29.5M |
| Q4 25 | $21.4M | $-9.2M | ||
| Q3 25 | $483.0K | $-9.8M | ||
| Q2 25 | $7.6M | $-11.8M | ||
| Q1 25 | $2.0M | $-8.2M | ||
| Q4 24 | $58.7M | $-5.9M | ||
| Q3 24 | $1.8M | $-6.3M | ||
| Q2 24 | $-2.0M | $-6.1M | ||
| Q1 24 | $1.4M | $-9.1M |
| Q4 25 | — | 77.5% | ||
| Q3 25 | — | 79.9% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | — | 74.8% | ||
| Q4 24 | — | 71.6% | ||
| Q3 24 | — | 71.4% | ||
| Q2 24 | — | 69.5% | ||
| Q1 24 | — | 70.1% |
| Q4 25 | — | -34.8% | ||
| Q3 25 | 4.3% | -40.1% | ||
| Q2 25 | 78.2% | -41.6% | ||
| Q1 25 | 20.6% | -28.2% | ||
| Q4 24 | — | -21.5% | ||
| Q3 24 | 13.9% | -26.1% | ||
| Q2 24 | -17.9% | -23.9% | ||
| Q1 24 | 11.9% | -36.2% |
| Q4 25 | 103.4% | -28.1% | ||
| Q3 25 | 4.3% | -32.4% | ||
| Q2 25 | 76.3% | -35.0% | ||
| Q1 25 | 19.9% | -21.6% | ||
| Q4 24 | 273.6% | -14.8% | ||
| Q3 24 | 13.5% | -17.9% | ||
| Q2 24 | -17.5% | -17.4% | ||
| Q1 24 | 11.5% | -30.8% |
| Q4 25 | $0.44 | $-0.22 | ||
| Q3 25 | $0.00 | $-0.24 | ||
| Q2 25 | $0.14 | $-0.29 | ||
| Q1 25 | $0.03 | $-0.20 | ||
| Q4 24 | $1.09 | $-0.14 | ||
| Q3 24 | $0.02 | $-0.16 | ||
| Q2 24 | $-0.06 | $-0.16 | ||
| Q1 24 | $0.01 | $-0.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $228.1M |
| Total DebtLower is stronger | $161.6M | — |
| Stockholders' EquityBook value | $467.4M | $275.7M |
| Total Assets | $719.1M | $311.8M |
| Debt / EquityLower = less leverage | 0.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $228.1M | ||
| Q3 25 | — | $227.5M | ||
| Q2 25 | — | $227.5M | ||
| Q1 25 | — | $229.3M | ||
| Q4 24 | — | $237.2M | ||
| Q3 24 | — | $237.1M | ||
| Q2 24 | — | $233.3M | ||
| Q1 24 | — | $125.4M |
| 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 | — | ||
| Q1 24 | $383.0M | — |
| Q4 25 | $467.4M | $275.7M | ||
| Q3 25 | $457.3M | $276.0M | ||
| Q2 25 | $473.5M | $278.0M | ||
| Q1 25 | $492.2M | $279.3M | ||
| Q4 24 | $494.6M | $281.2M | ||
| Q3 24 | $519.4M | $277.3M | ||
| Q2 24 | $521.5M | $275.2M | ||
| Q1 24 | $526.7M | $163.9M |
| Q4 25 | $719.1M | $311.8M | ||
| Q3 25 | $738.5M | $308.5M | ||
| Q2 25 | $776.7M | $309.0M | ||
| Q1 25 | $810.5M | $313.0M | ||
| Q4 24 | $869.6M | $318.6M | ||
| Q3 24 | $1.0B | $310.5M | ||
| Q2 24 | $1.0B | $305.5M | ||
| Q1 24 | $1.0B | $183.2M |
| 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 | $-1.1M |
| Free Cash FlowOCF − Capex | — | $-2.3M |
| FCF MarginFCF / Revenue | — | -6.9% |
| Capex IntensityCapex / Revenue | — | 3.5% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-19.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.4M | $-1.1M | ||
| Q3 25 | $-2.0M | $-1.2M | ||
| Q2 25 | $-2.2M | $-4.4M | ||
| Q1 25 | $6.4M | $-8.8M | ||
| Q4 24 | $16.1M | $-4.3M | ||
| Q3 24 | $-4.3M | $650.0K | ||
| Q2 24 | $-6.1M | $-4.0M | ||
| Q1 24 | $11.9M | $-9.3M |
| Q4 25 | — | $-2.3M | ||
| Q3 25 | — | $-1.8M | ||
| Q2 25 | — | $-5.9M | ||
| Q1 25 | — | $-9.4M | ||
| Q4 24 | — | $-5.1M | ||
| Q3 24 | — | $-453.0K | ||
| Q2 24 | — | $-5.5M | ||
| Q1 24 | — | $-11.3M |
| Q4 25 | — | -6.9% | ||
| Q3 25 | — | -5.8% | ||
| Q2 25 | — | -17.6% | ||
| Q1 25 | — | -24.8% | ||
| Q4 24 | — | -12.7% | ||
| Q3 24 | — | -1.3% | ||
| Q2 24 | — | -15.9% | ||
| Q1 24 | — | -38.2% |
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 6.7% |
| 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.
RXST
| Rxlal | $28.2M | 86% |
| LDD | $3.0M | 9% |
| Service Warranty Service Contracts And Accessories | $1.5M | 4% |
