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

Farmland Partners Inc. is the larger business by last-quarter revenue ($20.7M vs $11.2M, roughly 1.8× Verastem, Inc.). Farmland Partners Inc. runs the higher net margin — 103.4% vs -876.3%, a 979.7% gap on every dollar of revenue.

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.

Verastem, Inc., doing business as Verastem Oncology, is an American pharmaceutical company that develops medicines to treat certain cancers. Headquartered and founded in Boston, Massachusetts, the firm is a member of NASDAQ Biotechnology Index.

FPI vs VSTM — Head-to-Head

Bigger by revenue
FPI
FPI
1.8× larger
FPI
$20.7M
$11.2M
VSTM
Higher net margin
FPI
FPI
979.7% more per $
FPI
103.4%
-876.3%
VSTM

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FPI
FPI
VSTM
VSTM
Revenue
$20.7M
$11.2M
Net Profit
$21.4M
$-98.5M
Gross Margin
Operating Margin
-362.2%
Net Margin
103.4%
-876.3%
Revenue YoY
-3.5%
Net Profit YoY
-63.5%
-311.1%
EPS (diluted)
$0.44
$-1.35

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
VSTM
VSTM
Q4 25
$20.7M
Q3 25
$11.3M
$11.2M
Q2 25
$10.0M
$2.1M
Q1 25
$10.3M
Q4 24
$21.5M
Q3 24
$13.3M
$0
Q2 24
$11.4M
$10.0M
Q1 24
$12.0M
Net Profit
FPI
FPI
VSTM
VSTM
Q4 25
$21.4M
Q3 25
$483.0K
$-98.5M
Q2 25
$7.6M
$-25.9M
Q1 25
$2.0M
Q4 24
$58.7M
Q3 24
$1.8M
$-24.0M
Q2 24
$-2.0M
$-8.3M
Q1 24
$1.4M
Operating Margin
FPI
FPI
VSTM
VSTM
Q4 25
Q3 25
4.3%
-362.2%
Q2 25
78.2%
-2047.9%
Q1 25
20.6%
Q4 24
Q3 24
13.9%
Q2 24
-17.9%
-182.8%
Q1 24
11.9%
Net Margin
FPI
FPI
VSTM
VSTM
Q4 25
103.4%
Q3 25
4.3%
-876.3%
Q2 25
76.3%
-1213.6%
Q1 25
19.9%
Q4 24
273.6%
Q3 24
13.5%
Q2 24
-17.5%
-82.6%
Q1 24
11.5%
EPS (diluted)
FPI
FPI
VSTM
VSTM
Q4 25
$0.44
Q3 25
$0.00
$-1.35
Q2 25
$0.14
$-0.62
Q1 25
$0.03
Q4 24
$1.09
Q3 24
$0.02
$-0.60
Q2 24
$-0.06
$-0.31
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
VSTM
VSTM
Cash + ST InvestmentsLiquidity on hand
$137.7M
Total DebtLower is stronger
$161.6M
Stockholders' EquityBook value
$467.4M
$-15.5M
Total Assets
$719.1M
$176.9M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FPI
FPI
VSTM
VSTM
Q4 25
Q3 25
$137.7M
Q2 25
$164.3M
Q1 25
Q4 24
Q3 24
$113.2M
Q2 24
$83.4M
Q1 24
Total Debt
FPI
FPI
VSTM
VSTM
Q4 25
$161.6M
Q3 25
$170.4M
Q2 25
$193.4M
Q1 25
$202.6M
Q4 24
$204.6M
Q3 24
$394.0M
$40.5M
Q2 24
$393.0M
$40.3M
Q1 24
$383.0M
Stockholders' Equity
FPI
FPI
VSTM
VSTM
Q4 25
$467.4M
Q3 25
$457.3M
$-15.5M
Q2 25
$473.5M
$36.1M
Q1 25
$492.2M
Q4 24
$494.6M
Q3 24
$519.4M
$11.1M
Q2 24
$521.5M
$18.9M
Q1 24
$526.7M
Total Assets
FPI
FPI
VSTM
VSTM
Q4 25
$719.1M
Q3 25
$738.5M
$176.9M
Q2 25
$776.7M
$196.3M
Q1 25
$810.5M
Q4 24
$869.6M
Q3 24
$1.0B
$126.4M
Q2 24
$1.0B
$105.7M
Q1 24
$1.0B
Debt / Equity
FPI
FPI
VSTM
VSTM
Q4 25
0.35×
Q3 25
0.37×
Q2 25
0.41×
Q1 25
0.41×
Q4 24
0.41×
Q3 24
0.76×
3.66×
Q2 24
0.75×
2.14×
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
VSTM
VSTM
Operating Cash FlowLast quarter
$17.4M
$-36.2M
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
VSTM
VSTM
Q4 25
$17.4M
Q3 25
$-2.0M
$-36.2M
Q2 25
$-2.2M
$-32.7M
Q1 25
$6.4M
Q4 24
$16.1M
Q3 24
$-4.3M
$-23.8M
Q2 24
$-6.1M
$-27.6M
Q1 24
$11.9M
Free Cash Flow
FPI
FPI
VSTM
VSTM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$-27.6M
Q1 24
FCF Margin
FPI
FPI
VSTM
VSTM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-275.8%
Q1 24
Capex Intensity
FPI
FPI
VSTM
VSTM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.1%
Q1 24
Cash Conversion
FPI
FPI
VSTM
VSTM
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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