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Side-by-side financial comparison of Farmland Partners Inc. (FPI) and Sol-Gel Technologies Ltd. (SLGL). Click either name above to swap in a different company.

Farmland Partners Inc. is the larger business by last-quarter revenue ($20.7M vs $17.3M, roughly 1.2× Sol-Gel Technologies Ltd.). Farmland Partners Inc. runs the higher net margin — 103.4% vs 67.3%, a 36.1% gap on every dollar of revenue. On growth, Sol-Gel Technologies Ltd. posted the faster year-over-year revenue change (217.7% vs -3.5%).

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.

Sol-Gel Technologies Ltd. is a specialty biopharmaceutical company focused on developing and commercializing innovative dermatology treatments. Leveraging its proprietary sol-gel delivery technology, it creates topical therapies for common skin conditions including acne, rosacea and atopic dermatitis, with primary markets across North America and Europe, partnering with established healthcare firms to expand product reach.

FPI vs SLGL — Head-to-Head

Bigger by revenue
FPI
FPI
1.2× larger
FPI
$20.7M
$17.3M
SLGL
Growing faster (revenue YoY)
SLGL
SLGL
+221.2% gap
SLGL
217.7%
-3.5%
FPI
Higher net margin
FPI
FPI
36.1% more per $
FPI
103.4%
67.3%
SLGL

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
FPI
FPI
SLGL
SLGL
Revenue
$20.7M
$17.3M
Net Profit
$21.4M
$11.6M
Gross Margin
Operating Margin
65.1%
Net Margin
103.4%
67.3%
Revenue YoY
-3.5%
217.7%
Net Profit YoY
-63.5%
487.6%
EPS (diluted)
$0.44
$4.17

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
SLGL
SLGL
Q4 25
$20.7M
Q3 25
$11.3M
Q2 25
$10.0M
$17.3M
Q1 25
$10.3M
Q4 24
$21.5M
Q3 24
$13.3M
Q2 24
$11.4M
$5.4M
Q1 24
$12.0M
Net Profit
FPI
FPI
SLGL
SLGL
Q4 25
$21.4M
Q3 25
$483.0K
Q2 25
$7.6M
$11.6M
Q1 25
$2.0M
Q4 24
$58.7M
Q3 24
$1.8M
Q2 24
$-2.0M
$2.0M
Q1 24
$1.4M
Operating Margin
FPI
FPI
SLGL
SLGL
Q4 25
Q3 25
4.3%
Q2 25
78.2%
65.1%
Q1 25
20.6%
Q4 24
Q3 24
13.9%
Q2 24
-17.9%
29.9%
Q1 24
11.9%
Net Margin
FPI
FPI
SLGL
SLGL
Q4 25
103.4%
Q3 25
4.3%
Q2 25
76.3%
67.3%
Q1 25
19.9%
Q4 24
273.6%
Q3 24
13.5%
Q2 24
-17.5%
36.4%
Q1 24
11.5%
EPS (diluted)
FPI
FPI
SLGL
SLGL
Q4 25
$0.44
Q3 25
$0.00
Q2 25
$0.14
$4.17
Q1 25
$0.03
Q4 24
$1.09
Q3 24
$0.02
Q2 24
$-0.06
$0.71
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
FPI
FPI
SLGL
SLGL
Cash + ST InvestmentsLiquidity on hand
$24.3M
Total DebtLower is stronger
$161.6M
Stockholders' EquityBook value
$467.4M
$31.9M
Total Assets
$719.1M
$39.3M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FPI
FPI
SLGL
SLGL
Q4 25
Q3 25
Q2 25
$24.3M
Q1 25
Q4 24
Q3 24
Q2 24
$26.5M
Q1 24
Total Debt
FPI
FPI
SLGL
SLGL
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
SLGL
SLGL
Q4 25
$467.4M
Q3 25
$457.3M
Q2 25
$473.5M
$31.9M
Q1 25
$492.2M
Q4 24
$494.6M
Q3 24
$519.4M
Q2 24
$521.5M
$34.9M
Q1 24
$526.7M
Total Assets
FPI
FPI
SLGL
SLGL
Q4 25
$719.1M
Q3 25
$738.5M
Q2 25
$776.7M
$39.3M
Q1 25
$810.5M
Q4 24
$869.6M
Q3 24
$1.0B
Q2 24
$1.0B
$42.0M
Q1 24
$1.0B
Debt / Equity
FPI
FPI
SLGL
SLGL
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
SLGL
SLGL
Operating Cash FlowLast quarter
$17.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.81×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FPI
FPI
SLGL
SLGL
Q4 25
$17.4M
Q3 25
$-2.0M
Q2 25
$-2.2M
Q1 25
$6.4M
Q4 24
$16.1M
Q3 24
$-4.3M
Q2 24
$-6.1M
Q1 24
$11.9M
Cash Conversion
FPI
FPI
SLGL
SLGL
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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