vs

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

Farmland Partners Inc. is the larger business by last-quarter revenue ($20.7M vs $12.5M, roughly 1.7× SOLESENCE, INC.). Farmland Partners Inc. runs the higher net margin — 103.4% vs 1.3%, a 102.1% gap on every dollar of revenue. On growth, SOLESENCE, INC. posted the faster year-over-year revenue change (-0.7% vs -3.5%). Over the past eight quarters, Farmland Partners Inc.'s revenue compounded faster (31.4% CAGR vs 12.5%).

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.

FPI vs SLSN — Head-to-Head

Bigger by revenue
FPI
FPI
1.7× larger
FPI
$20.7M
$12.5M
SLSN
Growing faster (revenue YoY)
SLSN
SLSN
+2.9% gap
SLSN
-0.7%
-3.5%
FPI
Higher net margin
FPI
FPI
102.1% more per $
FPI
103.4%
1.3%
SLSN
Faster 2-yr revenue CAGR
FPI
FPI
Annualised
FPI
31.4%
12.5%
SLSN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FPI
FPI
SLSN
SLSN
Revenue
$20.7M
$12.5M
Net Profit
$21.4M
$163.0K
Gross Margin
27.5%
Operating Margin
1.5%
Net Margin
103.4%
1.3%
Revenue YoY
-3.5%
-0.7%
Net Profit YoY
-63.5%
129.2%
EPS (diluted)
$0.44
$0.00

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
SLSN
SLSN
Q4 25
$20.7M
$12.5M
Q3 25
$11.3M
$14.6M
Q2 25
$10.0M
$20.4M
Q1 25
$10.3M
$14.6M
Q4 24
$21.5M
$12.6M
Q3 24
$13.3M
$16.9M
Q2 24
$11.4M
$13.0M
Q1 24
$12.0M
$9.9M
Net Profit
FPI
FPI
SLSN
SLSN
Q4 25
$21.4M
$163.0K
Q3 25
$483.0K
$-1.1M
Q2 25
$7.6M
$2.7M
Q1 25
$2.0M
$80.0K
Q4 24
$58.7M
$-559.0K
Q3 24
$1.8M
$3.0M
Q2 24
$-2.0M
$856.0K
Q1 24
$1.4M
$893.0K
Gross Margin
FPI
FPI
SLSN
SLSN
Q4 25
27.5%
Q3 25
23.1%
Q2 25
28.9%
Q1 25
23.1%
Q4 24
22.0%
Q3 24
36.2%
Q2 24
28.7%
Q1 24
36.3%
Operating Margin
FPI
FPI
SLSN
SLSN
Q4 25
1.5%
Q3 25
4.3%
-5.4%
Q2 25
78.2%
9.4%
Q1 25
20.6%
1.8%
Q4 24
-1.8%
Q3 24
13.9%
19.0%
Q2 24
-17.9%
8.0%
Q1 24
11.9%
11.3%
Net Margin
FPI
FPI
SLSN
SLSN
Q4 25
103.4%
1.3%
Q3 25
4.3%
-7.7%
Q2 25
76.3%
13.1%
Q1 25
19.9%
0.5%
Q4 24
273.6%
-4.4%
Q3 24
13.5%
18.1%
Q2 24
-17.5%
6.6%
Q1 24
11.5%
9.0%
EPS (diluted)
FPI
FPI
SLSN
SLSN
Q4 25
$0.44
$0.00
Q3 25
$0.00
$-0.02
Q2 25
$0.14
$0.04
Q1 25
$0.03
$0.00
Q4 24
$1.09
$0.00
Q3 24
$0.02
$0.04
Q2 24
$-0.06
$0.01
Q1 24
$0.01
$0.02

Balance Sheet & Financial Strength

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

Metric
FPI
FPI
SLSN
SLSN
Cash + ST InvestmentsLiquidity on hand
$1.3M
Total DebtLower is stronger
$161.6M
Stockholders' EquityBook value
$467.4M
$17.6M
Total Assets
$719.1M
$50.1M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FPI
FPI
SLSN
SLSN
Q4 25
$1.3M
Q3 25
$429.0K
Q2 25
$4.1M
Q1 25
$1.8M
Q4 24
$1.4M
Q3 24
$2.9M
Q2 24
$2.4M
Q1 24
$2.0M
Total Debt
FPI
FPI
SLSN
SLSN
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
SLSN
SLSN
Q4 25
$467.4M
$17.6M
Q3 25
$457.3M
$17.2M
Q2 25
$473.5M
$18.2M
Q1 25
$492.2M
$15.2M
Q4 24
$494.6M
$14.9M
Q3 24
$519.4M
$15.2M
Q2 24
$521.5M
$11.9M
Q1 24
$526.7M
$5.0M
Total Assets
FPI
FPI
SLSN
SLSN
Q4 25
$719.1M
$50.1M
Q3 25
$738.5M
$54.0M
Q2 25
$776.7M
$60.0M
Q1 25
$810.5M
$57.0M
Q4 24
$869.6M
$50.0M
Q3 24
$1.0B
$48.0M
Q2 24
$1.0B
$40.8M
Q1 24
$1.0B
$38.5M
Debt / Equity
FPI
FPI
SLSN
SLSN
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
SLSN
SLSN
Operating Cash FlowLast quarter
$17.4M
$1.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.81×
11.16×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FPI
FPI
SLSN
SLSN
Q4 25
$17.4M
$1.8M
Q3 25
$-2.0M
$-2.5M
Q2 25
$-2.2M
$-654.0K
Q1 25
$6.4M
$-7.2M
Q4 24
$16.1M
$2.2M
Q3 24
$-4.3M
$4.2M
Q2 24
$-6.1M
$-565.0K
Q1 24
$11.9M
$-3.9M
Free Cash Flow
FPI
FPI
SLSN
SLSN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-404.0K
Q3 24
$2.8M
Q2 24
$-1.0M
Q1 24
$-3.9M
FCF Margin
FPI
FPI
SLSN
SLSN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-3.2%
Q3 24
16.6%
Q2 24
-8.0%
Q1 24
-39.9%
Capex Intensity
FPI
FPI
SLSN
SLSN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
20.6%
Q3 24
8.3%
Q2 24
3.7%
Q1 24
0.9%
Cash Conversion
FPI
FPI
SLSN
SLSN
Q4 25
0.81×
11.16×
Q3 25
-4.04×
Q2 25
-0.29×
-0.25×
Q1 25
3.12×
-90.26×
Q4 24
0.27×
Q3 24
-2.39×
1.38×
Q2 24
-0.66×
Q1 24
8.66×
-4.32×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Related Comparisons