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Side-by-side financial comparison of Farmland Partners Inc. (FPI) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.

Farmland Partners Inc. is the larger business by last-quarter revenue ($20.7M vs $19.1M, roughly 1.1× Americas Gold & Silver Corp). Farmland Partners Inc. runs the higher net margin — 103.4% vs -82.3%, a 185.7% gap on every dollar of revenue. On growth, Farmland Partners Inc. posted the faster year-over-year revenue change (-3.5% vs -28.0%).

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.

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

FPI vs USAS — Head-to-Head

Bigger by revenue
FPI
FPI
1.1× larger
FPI
$20.7M
$19.1M
USAS
Growing faster (revenue YoY)
FPI
FPI
+24.5% gap
FPI
-3.5%
-28.0%
USAS
Higher net margin
FPI
FPI
185.7% more per $
FPI
103.4%
-82.3%
USAS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FPI
FPI
USAS
USAS
Revenue
$20.7M
$19.1M
Net Profit
$21.4M
$-15.7M
Gross Margin
34.2%
Operating Margin
Net Margin
103.4%
-82.3%
Revenue YoY
-3.5%
-28.0%
Net Profit YoY
-63.5%
2.8%
EPS (diluted)
$0.44

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
USAS
USAS
Q4 25
$20.7M
Q3 25
$11.3M
$19.1M
Q2 25
$10.0M
Q1 25
$10.3M
Q4 24
$21.5M
Q3 24
$13.3M
$26.5M
Q2 24
$11.4M
Q1 24
$12.0M
Net Profit
FPI
FPI
USAS
USAS
Q4 25
$21.4M
Q3 25
$483.0K
$-15.7M
Q2 25
$7.6M
Q1 25
$2.0M
Q4 24
$58.7M
Q3 24
$1.8M
$-16.2M
Q2 24
$-2.0M
Q1 24
$1.4M
Gross Margin
FPI
FPI
USAS
USAS
Q4 25
Q3 25
34.2%
Q2 25
Q1 25
Q4 24
Q3 24
23.6%
Q2 24
Q1 24
Operating Margin
FPI
FPI
USAS
USAS
Q4 25
Q3 25
4.3%
Q2 25
78.2%
Q1 25
20.6%
Q4 24
Q3 24
13.9%
Q2 24
-17.9%
Q1 24
11.9%
Net Margin
FPI
FPI
USAS
USAS
Q4 25
103.4%
Q3 25
4.3%
-82.3%
Q2 25
76.3%
Q1 25
19.9%
Q4 24
273.6%
Q3 24
13.5%
-60.9%
Q2 24
-17.5%
Q1 24
11.5%
EPS (diluted)
FPI
FPI
USAS
USAS
Q4 25
$0.44
Q3 25
$0.00
Q2 25
$0.14
Q1 25
$0.03
Q4 24
$1.09
Q3 24
$0.02
Q2 24
$-0.06
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
USAS
USAS
Cash + ST InvestmentsLiquidity on hand
$39.1M
Total DebtLower is stronger
$161.6M
Stockholders' EquityBook value
$467.4M
$50.2M
Total Assets
$719.1M
$234.7M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FPI
FPI
USAS
USAS
Q4 25
Q3 25
$39.1M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
FPI
FPI
USAS
USAS
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
USAS
USAS
Q4 25
$467.4M
Q3 25
$457.3M
$50.2M
Q2 25
$473.5M
Q1 25
$492.2M
Q4 24
$494.6M
Q3 24
$519.4M
$53.1M
Q2 24
$521.5M
Q1 24
$526.7M
Total Assets
FPI
FPI
USAS
USAS
Q4 25
$719.1M
Q3 25
$738.5M
$234.7M
Q2 25
$776.7M
Q1 25
$810.5M
Q4 24
$869.6M
Q3 24
$1.0B
Q2 24
$1.0B
Q1 24
$1.0B
Debt / Equity
FPI
FPI
USAS
USAS
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
USAS
USAS
Operating Cash FlowLast quarter
$17.4M
$-12.5M
Free Cash FlowOCF − Capex
$-41.3M
FCF MarginFCF / Revenue
-216.5%
Capex IntensityCapex / Revenue
150.8%
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
USAS
USAS
Q4 25
$17.4M
Q3 25
$-2.0M
$-12.5M
Q2 25
$-2.2M
Q1 25
$6.4M
Q4 24
$16.1M
Q3 24
$-4.3M
$2.4M
Q2 24
$-6.1M
Q1 24
$11.9M
Free Cash Flow
FPI
FPI
USAS
USAS
Q4 25
Q3 25
$-41.3M
Q2 25
Q1 25
Q4 24
Q3 24
$-11.2M
Q2 24
Q1 24
FCF Margin
FPI
FPI
USAS
USAS
Q4 25
Q3 25
-216.5%
Q2 25
Q1 25
Q4 24
Q3 24
-42.2%
Q2 24
Q1 24
Capex Intensity
FPI
FPI
USAS
USAS
Q4 25
Q3 25
150.8%
Q2 25
Q1 25
Q4 24
Q3 24
51.2%
Q2 24
Q1 24
Cash Conversion
FPI
FPI
USAS
USAS
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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