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Side-by-side financial comparison of Farmland Partners Inc. (FPI) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.
Farmland Partners Inc. is the larger business by last-quarter revenue ($20.7M vs $15.8M, roughly 1.3× Spire Global, Inc.). Farmland Partners Inc. runs the higher net margin — 103.4% vs -176.6%, a 280.0% gap on every dollar of revenue. On growth, Farmland Partners Inc. posted the faster year-over-year revenue change (-3.5% vs -26.9%). Over the past eight quarters, Farmland Partners Inc.'s revenue compounded faster (31.4% CAGR vs -32.6%).
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.
Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.
FPI vs SPIR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.7M | $15.8M |
| Net Profit | $21.4M | $-28.0M |
| Gross Margin | — | 40.2% |
| Operating Margin | — | -164.1% |
| Net Margin | 103.4% | -176.6% |
| Revenue YoY | -3.5% | -26.9% |
| Net Profit YoY | -63.5% | 42.7% |
| EPS (diluted) | $0.44 | $-0.85 |
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 | $15.8M | ||
| Q3 25 | $11.3M | $12.7M | ||
| Q2 25 | $10.0M | $19.2M | ||
| Q1 25 | $10.3M | $23.9M | ||
| Q4 24 | $21.5M | $21.7M | ||
| Q3 24 | $13.3M | $28.6M | ||
| Q2 24 | $11.4M | $25.4M | ||
| Q1 24 | $12.0M | $34.8M |
| Q4 25 | $21.4M | $-28.0M | ||
| Q3 25 | $483.0K | $-19.7M | ||
| Q2 25 | $7.6M | $119.6M | ||
| Q1 25 | $2.0M | $-20.7M | ||
| Q4 24 | $58.7M | $-48.8M | ||
| Q3 24 | $1.8M | $-12.5M | ||
| Q2 24 | $-2.0M | $-16.6M | ||
| Q1 24 | $1.4M | $-25.5M |
| Q4 25 | — | 40.2% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | — | 48.9% | ||
| Q1 25 | — | 36.8% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | — | 44.5% | ||
| Q2 24 | — | 43.0% | ||
| Q1 24 | — | 26.5% |
| Q4 25 | — | -164.1% | ||
| Q3 25 | 4.3% | -166.1% | ||
| Q2 25 | 78.2% | -122.7% | ||
| Q1 25 | 20.6% | -106.5% | ||
| Q4 24 | — | -144.1% | ||
| Q3 24 | 13.9% | -48.0% | ||
| Q2 24 | -17.9% | -48.6% | ||
| Q1 24 | 11.9% | -34.4% |
| Q4 25 | 103.4% | -176.6% | ||
| Q3 25 | 4.3% | -155.3% | ||
| Q2 25 | 76.3% | 623.4% | ||
| Q1 25 | 19.9% | -86.5% | ||
| Q4 24 | 273.6% | -225.2% | ||
| Q3 24 | 13.5% | -43.7% | ||
| Q2 24 | -17.5% | -65.2% | ||
| Q1 24 | 11.5% | -73.3% |
| Q4 25 | $0.44 | $-0.85 | ||
| Q3 25 | $0.00 | $-0.61 | ||
| Q2 25 | $0.14 | $3.72 | ||
| Q1 25 | $0.03 | $-0.77 | ||
| Q4 24 | $1.09 | $-1.93 | ||
| Q3 24 | $0.02 | $-0.50 | ||
| Q2 24 | $-0.06 | $-0.68 | ||
| Q1 24 | $0.01 | $-1.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $81.8M |
| Total DebtLower is stronger | $161.6M | — |
| Stockholders' EquityBook value | $467.4M | $112.9M |
| Total Assets | $719.1M | $211.0M |
| Debt / EquityLower = less leverage | 0.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $81.8M | ||
| Q3 25 | — | $96.8M | ||
| Q2 25 | — | $117.6M | ||
| Q1 25 | — | $35.9M | ||
| Q4 24 | — | $19.2M | ||
| Q3 24 | — | $36.6M | ||
| Q2 24 | — | $45.8M | ||
| Q1 24 | — | $63.7M |
| Q4 25 | $161.6M | — | ||
| Q3 25 | $170.4M | — | ||
| Q2 25 | $193.4M | — | ||
| Q1 25 | $202.6M | $103.7M | ||
| Q4 24 | $204.6M | $103.1M | ||
| Q3 24 | $394.0M | $4.9M | ||
| Q2 24 | $393.0M | $4.9M | ||
| Q1 24 | $383.0M | $123.1M |
| Q4 25 | $467.4M | $112.9M | ||
| Q3 25 | $457.3M | $133.1M | ||
| Q2 25 | $473.5M | $149.2M | ||
| Q1 25 | $492.2M | $3.7M | ||
| Q4 24 | $494.6M | $-11.7M | ||
| Q3 24 | $519.4M | $30.8M | ||
| Q2 24 | $521.5M | $40.3M | ||
| Q1 24 | $526.7M | $52.5M |
| Q4 25 | $719.1M | $211.0M | ||
| Q3 25 | $738.5M | $224.3M | ||
| Q2 25 | $776.7M | $239.5M | ||
| Q1 25 | $810.5M | $208.8M | ||
| Q4 24 | $869.6M | $193.6M | ||
| Q3 24 | $1.0B | $224.2M | ||
| Q2 24 | $1.0B | $230.8M | ||
| Q1 24 | $1.0B | $252.3M |
| Q4 25 | 0.35× | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.41× | — | ||
| Q1 25 | 0.41× | 27.92× | ||
| Q4 24 | 0.41× | — | ||
| Q3 24 | 0.76× | 0.16× | ||
| Q2 24 | 0.75× | 0.12× | ||
| Q1 24 | 0.73× | 2.35× |
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 | $-4.3M |
| Free Cash FlowOCF − Capex | — | $-16.2M |
| FCF MarginFCF / Revenue | — | -102.1% |
| Capex IntensityCapex / Revenue | — | 75.1% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-92.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.4M | $-4.3M | ||
| Q3 25 | $-2.0M | $-12.0M | ||
| Q2 25 | $-2.2M | $-35.1M | ||
| Q1 25 | $6.4M | $-8.4M | ||
| Q4 24 | $16.1M | $-19.2M | ||
| Q3 24 | $-4.3M | $14.0M | ||
| Q2 24 | $-6.1M | $-4.4M | ||
| Q1 24 | $11.9M | $-8.8M |
| Q4 25 | — | $-16.2M | ||
| Q3 25 | — | $-20.4M | ||
| Q2 25 | — | $-38.7M | ||
| Q1 25 | — | $-17.3M | ||
| Q4 24 | — | $-24.3M | ||
| Q3 24 | — | $5.1M | ||
| Q2 24 | — | $-9.9M | ||
| Q1 24 | — | $-15.9M |
| Q4 25 | — | -102.1% | ||
| Q3 25 | — | -161.3% | ||
| Q2 25 | — | -201.7% | ||
| Q1 25 | — | -72.6% | ||
| Q4 24 | — | -112.2% | ||
| Q3 24 | — | 17.8% | ||
| Q2 24 | — | -39.0% | ||
| Q1 24 | — | -45.7% |
| Q4 25 | — | 75.1% | ||
| Q3 25 | — | 66.2% | ||
| Q2 25 | — | 18.8% | ||
| Q1 25 | — | 37.3% | ||
| Q4 24 | — | 23.5% | ||
| Q3 24 | — | 31.2% | ||
| Q2 24 | — | 21.8% | ||
| Q1 24 | — | 20.3% |
| Q4 25 | 0.81× | — | ||
| Q3 25 | -4.04× | — | ||
| Q2 25 | -0.29× | -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.
