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Financials · AGM

Federal Agricultural Mortgage Corporation (AGM) financials

For the twelve months ended Sep 30, 2026, Federal Agricultural Mortgage Corporation reported $466.89M of revenue and $238.21M of net income.

Revenue, TTM
$466.89M
Revenue growth, YoY
+16.1%
Net income, TTM
$238.21M
Net income growth, YoY
+10.3%
Net margin
51.0%
EPS, diluted, TTM
$18.88
EPS growth, YoY
+7.6%
Cash
$991.45M
Total debt
$35.68B
P/E
8.21
P/S
4.19
Market cap
$1.96B
Annual revenue$408.37M
FY2016FY2025
Annual net income$207.41M
FY2016FY2025
Annual free cash flow$80.06M
FY2022FY2025

AGM revenue and earnings growth

AGM revenueQ3 2026$125.25M

Quarter YoY
+20.5%
QoQ
+0.2%
FY YoY
+8.9%
5Y CAGR
+13.8%
10Y CAGR
+10.8%

AGM revenue was $125.25M in fiscal Q3 2026 (ended Sep 30, 2026), up 20.5% from a year earlier and up 0.2% from the prior quarter. For the full fiscal 2025 it was $408.37M, up 8.9% from fiscal 2024. Compound annual growth was +13.8% over 5 years and +10.8% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

AGM net incomeQ3 2026$64.21M

Quarter YoY
+16.7%
QoQ
-4.1%
FY YoY
+0.1%
5Y CAGR
+12.6%
10Y CAGR
+11.7%

AGM net income was $64.21M in fiscal Q3 2026 (ended Sep 30, 2026), up 16.7% from a year earlier and down 4.1% from the prior quarter. For the full fiscal 2025 it was $207.41M, up 0.1% from fiscal 2024. Compound annual growth was +12.6% over 5 years and +11.7% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

AGM EPSQ3 2026$5.03

Quarter YoY
+13.3%
QoQ
-7.0%
FY YoY
+1.1%
5Y CAGR
+13.6%
10Y CAGR
+14.8%

AGM diluted EPS was $5.03 in fiscal Q3 2026 (ended Sep 30, 2026), up 13.3% from a year earlier and down 7.0% from the prior quarter. For the full fiscal 2025 it was $16.62, up 1.1% from fiscal 2024. Compound annual growth was +13.6% over 5 years and +14.8% over 10 years.

AGM free cash flowQ4 2025$103.41M

Quarter YoY
-71.9%
QoQ
+39.4%
FY YoY
-86.8%

AGM free cash flow was $103.41M in fiscal Q4 2025 (ended Dec 31, 2025), down 71.9% from a year earlier and up 39.4% from the prior quarter. For the full fiscal 2025 it was $80.06M, down 86.8% from fiscal 2024. It rose in 1 of the last 3 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$408.37M$375.07M$351.06M$309.63M$245.02M$213.89M$194.08M$186.08M$175.16M$160.74M
Selling, general and admin$44.61M$38.24M$34.96M$29.77M$27.51M$21.98M$20.31M$19.71M$15.96M$15.11M
Interest expense--$1.06B$445.91M$204.01M$312.95M$471.96M$369.85M$242.88M$171.63M
Pre-tax income$255.71M$258.10M$253.10M$225.68M$172.46M$144.68M$138.65M$136.02M$130.69M$119.36M
Income tax$48.30M$50.91M$53.10M$47.53M$36.37M$30.31M$29.11M$27.94M$46.37M$42.06M
Net income$207.41M$207.19M$200.00M$178.14M$136.09M$114.38M$109.55M$108.08M$84.48M$77.33M
EPS, basic$16.73$16.59$15.97$14.00$10.36$8.85$8.76$8.91$6.73$6.12
EPS, diluted$16.62$16.44$15.81$13.87$10.27$8.80$8.69$8.83$6.60$5.97
Diluted shares11.0M11.0M10.9M10.9M10.8M10.8M10.8M10.7M10.8M10.7M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$931.07M$1.02B$888.71M$861.00M$908.78M$1.03B$604.38M$425.26M$302.02M$265.23M
Total assets$35.37B$31.32B$29.52B$27.33B$25.12B$24.33B$21.71B$18.69B$17.79B$15.61B
Short-term debt$11.27B$10.44B$8.09B$8.03B$6.99B$10.75B$10.02B$7.76B$3.80B$2.16B
Long-term debt$19.54B$17.08B$18.50B$16.97B$15.77B$11.05B$9.07B$8.49B$7.43B$5.22B
Total debt$30.82B$27.52B$26.59B$25.00B$22.76B$21.80B$19.09B$16.24B$11.24B$7.38B
Total liabilities$33.65B$29.84B$28.11B$26.06B$23.91B$23.36B$20.91B$17.94B$17.08B$14.96B
Shareholders' equity$1.72B$1.49B$1.41B$1.27B$1.21B$997.93M$799.01M$752.56M$708.64M$643.65M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$80.06M$612.65M$375.80M$809.27M$436.41M-$94.55M-$19.70M$200.03M$175.01M$212.69M
Capital expenditures$0$5.27M$0$0------
Free cash flow$80.06M$607.37M$375.80M$809.27M------
Investing cash flow-$3.81B-$1.68B-$1.96B-$3.04B-$1.10B-$1.74B-$2.38B-$591.46M-$1.84B-$593.41M
Financing cash flow$3.64B$1.21B$1.61B$2.19B$534.63M$2.26B$2.58B$514.66M$1.70B-$564.14M
Share repurchases$12.89M$0$0$0$0$235.0K$0$0--
Stock-based compensation$8.34M$8.09M$6.80M$4.62M$4.31M$4.13M$2.26M$2.52M$2.70M$3.34M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY8.9%6.8%13.4%26.4%14.6%10.2%4.3%6.2%9.0%10.1%
Net income growth, YoY0.1%3.6%12.3%30.9%19.0%4.4%1.4%27.9%9.2%12.6%
EPS growth, YoY1.1%4.0%14.0%35.1%16.7%1.3%-1.6%33.8%10.6%42.5%
Net margin50.8%55.2%57.0%57.5%55.5%53.5%56.4%58.1%48.2%48.1%
Free cash flow margin19.6%161.9%107.0%261.4%------
Return on equity12.1%13.9%14.2%14.0%11.2%11.5%13.7%14.4%11.9%12.0%
Return on assets0.6%0.7%0.7%0.7%0.5%0.5%0.5%0.6%0.5%0.5%
Debt to equity17.9318.4818.8319.6518.7521.8423.8921.5815.8611.46

Source: XBRL data Federal Agricultural Mortgage Corporation files with the SEC, latest filing dated Nov 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

AGM peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
AGM$466.89M+16.1%$238.21M51.0%$1.96B
ECPG$1.99B+27.2%$350.91M17.7%$2.38B
JCAP$659.62M+22.8%$155.02M23.5%$1.14B

AGM FAQ

7 questions
  • What is AGM revenue?
    Federal Agricultural Mortgage Corporation (AGM) reported $466.89M of revenue for the twelve months ended Sep 30, 2026. That is up 16.1% from the year before. Revenue for fiscal 2025 was $408.37M.
  • Is AGM profitable?
    Yes. Federal Agricultural Mortgage Corporation earned $238.21M in net income for the twelve months ended Sep 30, 2026, a net margin of 51.0%.
  • How much cash and debt does AGM have?
    Federal Agricultural Mortgage Corporation reported $991.45M in cash and cash equivalents and $35.68B of debt on its most recent balance sheet in SEC filings.
  • How fast is AGM revenue growing?
    Federal Agricultural Mortgage Corporation's revenue changed +8.9% in fiscal 2025, to $408.37M. Its compound annual growth rate was +13.8% over 5 years and +10.8% over 10 years.
  • What is AGM earnings per share?
    Diluted earnings per share were $18.88 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did AGM last report financial results?
    The latest statements here come from Federal Agricultural Mortgage Corporation's 10-Q filed on Nov 6, 2026, covering the period ended Sep 30, 2026.
  • Where does this AGM financial data come from?
    Quantisnow builds these statements from the structured XBRL data Federal Agricultural Mortgage Corporation files with the SEC. It is provided for information only and is not investment advice.