vs

Side-by-side financial comparison of Farmland Partners Inc. (FPI) and YORK WATER CO (YORW). Click either name above to swap in a different company.

Farmland Partners Inc. is the larger business by last-quarter revenue ($20.7M vs $19.4M, roughly 1.1× YORK WATER CO). Farmland Partners Inc. runs the higher net margin — 103.4% vs 26.7%, a 76.7% gap on every dollar of revenue. On growth, YORK WATER CO posted the faster year-over-year revenue change (3.2% vs -3.5%). Over the past eight quarters, Farmland Partners Inc.'s revenue compounded faster (31.4% CAGR vs 5.1%).

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.

The York Water Company is an investor-owned, public utility company based in York, Pennsylvania and operating throughout Pennsylvania. The company was founded in 1816 by a group of local businessmen concerned about fire protection.

FPI vs YORW — Head-to-Head

Bigger by revenue
FPI
FPI
1.1× larger
FPI
$20.7M
$19.4M
YORW
Growing faster (revenue YoY)
YORW
YORW
+6.7% gap
YORW
3.2%
-3.5%
FPI
Higher net margin
FPI
FPI
76.7% more per $
FPI
103.4%
26.7%
YORW
Faster 2-yr revenue CAGR
FPI
FPI
Annualised
FPI
31.4%
5.1%
YORW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FPI
FPI
YORW
YORW
Revenue
$20.7M
$19.4M
Net Profit
$21.4M
$5.2M
Gross Margin
Operating Margin
33.2%
Net Margin
103.4%
26.7%
Revenue YoY
-3.5%
3.2%
Net Profit YoY
-63.5%
0.5%
EPS (diluted)
$0.44
$0.36

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
YORW
YORW
Q4 25
$20.7M
$19.4M
Q3 25
$11.3M
$20.2M
Q2 25
$10.0M
$19.1M
Q1 25
$10.3M
$18.3M
Q4 24
$21.5M
$18.8M
Q3 24
$13.3M
$19.6M
Q2 24
$11.4M
$18.6M
Q1 24
$12.0M
$17.5M
Net Profit
FPI
FPI
YORW
YORW
Q4 25
$21.4M
$5.2M
Q3 25
$483.0K
$6.2M
Q2 25
$7.6M
$5.1M
Q1 25
$2.0M
$3.6M
Q4 24
$58.7M
$5.1M
Q3 24
$1.8M
$5.9M
Q2 24
$-2.0M
$5.0M
Q1 24
$1.4M
$4.3M
Operating Margin
FPI
FPI
YORW
YORW
Q4 25
33.2%
Q3 25
4.3%
39.1%
Q2 25
78.2%
37.1%
Q1 25
20.6%
34.3%
Q4 24
35.8%
Q3 24
13.9%
41.1%
Q2 24
-17.9%
37.9%
Q1 24
11.9%
35.5%
Net Margin
FPI
FPI
YORW
YORW
Q4 25
103.4%
26.7%
Q3 25
4.3%
30.6%
Q2 25
76.3%
26.5%
Q1 25
19.9%
19.8%
Q4 24
273.6%
27.4%
Q3 24
13.5%
29.9%
Q2 24
-17.5%
26.8%
Q1 24
11.5%
24.7%
EPS (diluted)
FPI
FPI
YORW
YORW
Q4 25
$0.44
$0.36
Q3 25
$0.00
$0.43
Q2 25
$0.14
$0.35
Q1 25
$0.03
$0.25
Q4 24
$1.09
$0.36
Q3 24
$0.02
$0.41
Q2 24
$-0.06
$0.35
Q1 24
$0.01
$0.30

Balance Sheet & Financial Strength

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

Metric
FPI
FPI
YORW
YORW
Cash + ST InvestmentsLiquidity on hand
$1.0K
Total DebtLower is stronger
$161.6M
Stockholders' EquityBook value
$467.4M
$240.3M
Total Assets
$719.1M
$680.9M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FPI
FPI
YORW
YORW
Q4 25
$1.0K
Q3 25
$1.0K
Q2 25
$1.0K
Q1 25
$1.0K
Q4 24
$1.0K
Q3 24
$1.0K
Q2 24
$1.0K
Q1 24
$3.3M
Total Debt
FPI
FPI
YORW
YORW
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
YORW
YORW
Q4 25
$467.4M
$240.3M
Q3 25
$457.3M
$238.0M
Q2 25
$473.5M
$234.6M
Q1 25
$492.2M
$232.1M
Q4 24
$494.6M
$231.2M
Q3 24
$519.4M
$228.7M
Q2 24
$521.5M
$225.4M
Q1 24
$526.7M
$222.9M
Total Assets
FPI
FPI
YORW
YORW
Q4 25
$719.1M
$680.9M
Q3 25
$738.5M
$667.1M
Q2 25
$776.7M
$653.7M
Q1 25
$810.5M
$641.8M
Q4 24
$869.6M
$633.5M
Q3 24
$1.0B
$621.4M
Q2 24
$1.0B
$610.4M
Q1 24
$1.0B
$602.3M
Debt / Equity
FPI
FPI
YORW
YORW
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
YORW
YORW
Operating Cash FlowLast quarter
$17.4M
$8.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.81×
1.63×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FPI
FPI
YORW
YORW
Q4 25
$17.4M
$8.4M
Q3 25
$-2.0M
$7.8M
Q2 25
$-2.2M
$7.6M
Q1 25
$6.4M
$6.0M
Q4 24
$16.1M
$10.2M
Q3 24
$-4.3M
$7.5M
Q2 24
$-6.1M
$6.7M
Q1 24
$11.9M
$6.1M
Cash Conversion
FPI
FPI
YORW
YORW
Q4 25
0.81×
1.63×
Q3 25
-4.04×
1.26×
Q2 25
-0.29×
1.50×
Q1 25
3.12×
1.65×
Q4 24
0.27×
1.98×
Q3 24
-2.39×
1.29×
Q2 24
1.34×
Q1 24
8.66×
1.42×

Financial Flow Comparison

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

Related Comparisons