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Side-by-side financial comparison of Farmland Partners Inc. (FPI) and DNA X, Inc. (SONM). Click either name above to swap in a different company.
Farmland Partners Inc. is the larger business by last-quarter revenue ($20.7M vs $16.2M, roughly 1.3× DNA X, Inc.). Farmland Partners Inc. runs the higher net margin — 103.4% vs -29.3%, a 132.7% gap on every dollar of revenue. On growth, DNA X, Inc. posted the faster year-over-year revenue change (7.9% vs -3.5%). Over the past eight quarters, Farmland Partners Inc.'s revenue compounded faster (31.4% CAGR vs 9.9%).
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 SONM — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.7M | $16.2M |
| Net Profit | $21.4M | $-4.8M |
| Gross Margin | — | 11.2% |
| Operating Margin | — | -24.5% |
| Net Margin | 103.4% | -29.3% |
| Revenue YoY | -3.5% | 7.9% |
| Net Profit YoY | -63.5% | -89.2% |
| EPS (diluted) | $0.44 | $-4.83 |
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 | — | ||
| Q3 25 | $11.3M | $16.2M | ||
| Q2 25 | $10.0M | $11.2M | ||
| Q1 25 | $10.3M | $16.7M | ||
| Q4 24 | $21.5M | $15.3M | ||
| Q3 24 | $13.3M | $15.0M | ||
| Q2 24 | $11.4M | $11.5M | ||
| Q1 24 | $12.0M | $9.1M |
| Q4 25 | $21.4M | — | ||
| Q3 25 | $483.0K | $-4.8M | ||
| Q2 25 | $7.6M | $-7.5M | ||
| Q1 25 | $2.0M | $458.0K | ||
| Q4 24 | $58.7M | $-21.6M | ||
| Q3 24 | $1.8M | $-2.5M | ||
| Q2 24 | $-2.0M | $-6.6M | ||
| Q1 24 | $1.4M | $-2.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | 11.2% | ||
| Q2 25 | — | 7.6% | ||
| Q1 25 | — | 50.0% | ||
| Q4 24 | — | -1.2% | ||
| Q3 24 | — | 28.2% | ||
| Q2 24 | — | 25.8% | ||
| Q1 24 | — | 31.8% |
| Q4 25 | — | — | ||
| Q3 25 | 4.3% | -24.5% | ||
| Q2 25 | 78.2% | -60.2% | ||
| Q1 25 | 20.6% | 3.9% | ||
| Q4 24 | — | 55.3% | ||
| Q3 24 | 13.9% | -15.8% | ||
| Q2 24 | -17.9% | -56.2% | ||
| Q1 24 | 11.9% | -29.5% |
| Q4 25 | 103.4% | — | ||
| Q3 25 | 4.3% | -29.3% | ||
| Q2 25 | 76.3% | -66.8% | ||
| Q1 25 | 19.9% | 2.7% | ||
| Q4 24 | 273.6% | -141.6% | ||
| Q3 24 | 13.5% | -16.7% | ||
| Q2 24 | -17.5% | -57.5% | ||
| Q1 24 | 11.5% | -31.9% |
| Q4 25 | $0.44 | — | ||
| Q3 25 | $0.00 | $-4.83 | ||
| Q2 25 | $0.14 | $-0.79 | ||
| Q1 25 | $0.03 | $0.08 | ||
| Q4 24 | $1.09 | $-116.99 | ||
| Q3 24 | $0.02 | $-9.32 | ||
| Q2 24 | $-0.06 | $-1.41 | ||
| Q1 24 | $0.01 | $-0.65 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $2.1M |
| Total DebtLower is stronger | $161.6M | $5.1M |
| Stockholders' EquityBook value | $467.4M | $-701.0K |
| Total Assets | $719.1M | $40.2M |
| Debt / EquityLower = less leverage | 0.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | $2.1M | ||
| Q2 25 | — | $2.0M | ||
| Q1 25 | — | $2.1M | ||
| Q4 24 | — | $5.3M | ||
| Q3 24 | — | $9.1M | ||
| Q2 24 | — | $9.6M | ||
| Q1 24 | — | $9.3M |
| Q4 25 | $161.6M | — | ||
| Q3 25 | $170.4M | $5.1M | ||
| Q2 25 | $193.4M | $2.9M | ||
| Q1 25 | $202.6M | $2.8M | ||
| Q4 24 | $204.6M | — | ||
| Q3 24 | $394.0M | — | ||
| Q2 24 | $393.0M | — | ||
| Q1 24 | $383.0M | — |
| Q4 25 | $467.4M | — | ||
| Q3 25 | $457.3M | $-701.0K | ||
| Q2 25 | $473.5M | $-1.3M | ||
| Q1 25 | $492.2M | $-1.1M | ||
| Q4 24 | $494.6M | $-5.7M | ||
| Q3 24 | $519.4M | $15.3M | ||
| Q2 24 | $521.5M | $17.5M | ||
| Q1 24 | $526.7M | $19.8M |
| Q4 25 | $719.1M | — | ||
| Q3 25 | $738.5M | $40.2M | ||
| Q2 25 | $776.7M | $36.1M | ||
| Q1 25 | $810.5M | $36.0M | ||
| Q4 24 | $869.6M | $39.7M | ||
| Q3 24 | $1.0B | $49.1M | ||
| Q2 24 | $1.0B | $45.9M | ||
| Q1 24 | $1.0B | $42.4M |
| 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 | $-7.0M |
| 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.
| Q4 25 | $17.4M | — | ||
| Q3 25 | $-2.0M | $-7.0M | ||
| Q2 25 | $-2.2M | $-4.9M | ||
| Q1 25 | $6.4M | $-9.6M | ||
| Q4 24 | $16.1M | $-4.5M | ||
| Q3 24 | $-4.3M | $-417.0K | ||
| Q2 24 | $-6.1M | $-3.4M | ||
| Q1 24 | $11.9M | $-168.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-4.5M | ||
| Q3 24 | — | $-554.0K | ||
| Q2 24 | — | $-3.4M | ||
| Q1 24 | — | $-198.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -29.6% | ||
| Q3 24 | — | -3.7% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -2.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | 0.81× | — | ||
| Q3 25 | -4.04× | — | ||
| Q2 25 | -0.29× | — | ||
| Q1 25 | 3.12× | -20.97× | ||
| 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.
