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Side-by-side financial comparison of Farmland Partners Inc. (FPI) and SAGA COMMUNICATIONS INC (SGA). Click either name above to swap in a different company.

SAGA COMMUNICATIONS INC is the larger business by last-quarter revenue ($26.5M vs $20.7M, roughly 1.3× Farmland Partners Inc.). Farmland Partners Inc. runs the higher net margin — 103.4% vs -26.1%, a 129.5% gap on every dollar of revenue. On growth, Farmland Partners Inc. posted the faster year-over-year revenue change (-3.5% vs -9.3%). Over the past eight quarters, Farmland Partners Inc.'s revenue compounded faster (31.4% CAGR vs 2.4%).

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.

Saga is a British company focused on serving the needs of those aged 50 and over, originally owned by its founder, later acquired by private equity, and ultimately listed on the London Stock Exchange. It has 2.7 million customers. The company operates sites on the Kent and Sussex coast: Enbrook Park and Priory Square. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

FPI vs SGA — Head-to-Head

Bigger by revenue
SGA
SGA
1.3× larger
SGA
$26.5M
$20.7M
FPI
Growing faster (revenue YoY)
FPI
FPI
+5.7% gap
FPI
-3.5%
-9.3%
SGA
Higher net margin
FPI
FPI
129.5% more per $
FPI
103.4%
-26.1%
SGA
Faster 2-yr revenue CAGR
FPI
FPI
Annualised
FPI
31.4%
2.4%
SGA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FPI
FPI
SGA
SGA
Revenue
$20.7M
$26.5M
Net Profit
$21.4M
$-6.9M
Gross Margin
Operating Margin
-36.0%
Net Margin
103.4%
-26.1%
Revenue YoY
-3.5%
-9.3%
Net Profit YoY
-63.5%
-645.3%
EPS (diluted)
$0.44
$-1.07

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
SGA
SGA
Q4 25
$20.7M
$26.5M
Q3 25
$11.3M
$28.2M
Q2 25
$10.0M
$28.2M
Q1 25
$10.3M
$24.2M
Q4 24
$21.5M
$29.2M
Q3 24
$13.3M
$28.7M
Q2 24
$11.4M
$29.7M
Q1 24
$12.0M
$25.3M
Net Profit
FPI
FPI
SGA
SGA
Q4 25
$21.4M
$-6.9M
Q3 25
$483.0K
$-532.0K
Q2 25
$7.6M
$1.1M
Q1 25
$2.0M
$-1.6M
Q4 24
$58.7M
$1.3M
Q3 24
$1.8M
$1.3M
Q2 24
$-2.0M
$2.5M
Q1 24
$1.4M
$-1.6M
Operating Margin
FPI
FPI
SGA
SGA
Q4 25
-36.0%
Q3 25
4.3%
-2.2%
Q2 25
78.2%
5.0%
Q1 25
20.6%
-9.5%
Q4 24
3.4%
Q3 24
13.9%
5.7%
Q2 24
-17.9%
7.2%
Q1 24
11.9%
-9.6%
Net Margin
FPI
FPI
SGA
SGA
Q4 25
103.4%
-26.1%
Q3 25
4.3%
-1.9%
Q2 25
76.3%
4.0%
Q1 25
19.9%
-6.5%
Q4 24
273.6%
4.3%
Q3 24
13.5%
4.4%
Q2 24
-17.5%
8.4%
Q1 24
11.5%
-6.2%
EPS (diluted)
FPI
FPI
SGA
SGA
Q4 25
$0.44
$-1.07
Q3 25
$0.00
$-0.08
Q2 25
$0.14
$0.18
Q1 25
$0.03
$-0.25
Q4 24
$1.09
$0.20
Q3 24
$0.02
$0.20
Q2 24
$-0.06
$0.40
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
FPI
FPI
SGA
SGA
Cash + ST InvestmentsLiquidity on hand
$31.8M
Total DebtLower is stronger
$161.6M
$5.0M
Stockholders' EquityBook value
$467.4M
$151.5M
Total Assets
$719.1M
$201.3M
Debt / EquityLower = less leverage
0.35×
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FPI
FPI
SGA
SGA
Q4 25
$31.8M
Q3 25
$26.3M
Q2 25
$24.9M
Q1 25
$27.0M
Q4 24
$27.8M
Q3 24
$28.7M
Q2 24
$24.1M
Q1 24
$28.8M
Total Debt
FPI
FPI
SGA
SGA
Q4 25
$161.6M
$5.0M
Q3 25
$170.4M
$5.0M
Q2 25
$193.4M
$5.0M
Q1 25
$202.6M
$5.0M
Q4 24
$204.6M
$5.0M
Q3 24
$394.0M
$5.0M
Q2 24
$393.0M
$5.0M
Q1 24
$383.0M
$0
Stockholders' Equity
FPI
FPI
SGA
SGA
Q4 25
$467.4M
$151.5M
Q3 25
$457.3M
$162.1M
Q2 25
$473.5M
$163.7M
Q1 25
$492.2M
$163.6M
Q4 24
$494.6M
$165.9M
Q3 24
$519.4M
$166.0M
Q2 24
$521.5M
$165.8M
Q1 24
$526.7M
$164.4M
Total Assets
FPI
FPI
SGA
SGA
Q4 25
$719.1M
$201.3M
Q3 25
$738.5M
$218.4M
Q2 25
$776.7M
$218.9M
Q1 25
$810.5M
$219.3M
Q4 24
$869.6M
$221.7M
Q3 24
$1.0B
$223.2M
Q2 24
$1.0B
$221.6M
Q1 24
$1.0B
$218.0M
Debt / Equity
FPI
FPI
SGA
SGA
Q4 25
0.35×
0.03×
Q3 25
0.37×
0.03×
Q2 25
0.41×
0.03×
Q1 25
0.41×
0.03×
Q4 24
0.41×
0.03×
Q3 24
0.76×
0.03×
Q2 24
0.75×
0.03×
Q1 24
0.73×
0.00×

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
SGA
SGA
Operating Cash FlowLast quarter
$17.4M
$-18.0K
Free Cash FlowOCF − Capex
$-459.0K
FCF MarginFCF / Revenue
-1.7%
Capex IntensityCapex / Revenue
1.7%
Cash ConversionOCF / Net Profit
0.81×
TTM Free Cash FlowTrailing 4 quarters
$2.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FPI
FPI
SGA
SGA
Q4 25
$17.4M
$-18.0K
Q3 25
$-2.0M
$3.4M
Q2 25
$-2.2M
$755.0K
Q1 25
$6.4M
$1.4M
Q4 24
$16.1M
$3.6M
Q3 24
$-4.3M
$5.1M
Q2 24
$-6.1M
$1.2M
Q1 24
$11.9M
$3.8M
Free Cash Flow
FPI
FPI
SGA
SGA
Q4 25
$-459.0K
Q3 25
$2.8M
Q2 25
$-559.0K
Q1 25
$668.0K
Q4 24
$3.1M
Q3 24
$4.5M
Q2 24
$-280.0K
Q1 24
$2.8M
FCF Margin
FPI
FPI
SGA
SGA
Q4 25
-1.7%
Q3 25
9.8%
Q2 25
-2.0%
Q1 25
2.8%
Q4 24
10.5%
Q3 24
15.6%
Q2 24
-0.9%
Q1 24
10.9%
Capex Intensity
FPI
FPI
SGA
SGA
Q4 25
1.7%
Q3 25
2.1%
Q2 25
4.7%
Q1 25
2.9%
Q4 24
1.9%
Q3 24
2.2%
Q2 24
5.1%
Q1 24
4.2%
Cash Conversion
FPI
FPI
SGA
SGA
Q4 25
0.81×
Q3 25
-4.04×
Q2 25
-0.29×
0.67×
Q1 25
3.12×
Q4 24
0.27×
2.86×
Q3 24
-2.39×
4.02×
Q2 24
0.50×
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.

SGA
SGA

Broadcast Advertising Revenue Net$20.2M76%
Digital Advertising Revenue$4.3M16%
Other Revenue$1.9M7%

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