FPI vs PW Stock Comparison

Farmland Partners and Power REIT Prices as of Oct 23, 2026 Peers: Industry group
FPI Farmland Partners Inc.
$10.26 -4.8% 1M -0.3% 1Y
Market cap
$446.04M
P/E
18.5x
Revenue (TTM)
$51.47M
Div. yield
0.05%
Farmland REITs Real Estate
6 wins
PW Power REIT
$6.84 -3.0% 1M -2.3% 1Y
Market cap
$2.45M
P/E
–
Revenue (TTM)
$2.79M
Div. yield
–
Specialty REITs Real Estate
1 win

Head to Head

7 decided of 12

Farmland Partners leads on 6 of the 12 questions below (Farmland Partners 6, Power REIT 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFPIPWLeader
Larger companyMarket capitalisation $446.04M $2.45M FPI
Cheaper on earningsLower P/E, profitable companies only 18.5x -1.2x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 46.6x 0.2x PW
Faster revenue growthRevenue growth, trailing twelve months -6.4% -6.7% FPI
More profitableNet margin, trailing twelve months 47.0% -73.5% FPI
Better return on capitalReturn on invested capital 2.6% — –
Less leveragedLower net debt / EBITDA 9.8x — –
Higher dividend yieldTrailing dividend yield 0.05% 0.00% –
Better 1-year returnPrice return, last 12 months -0.3% -2.3% FPI
Better 5-year returnAnnualised price return, 5 years -3.3%/yr -58.1%/yr FPI
Less volatileAnnualised volatility, 1 year 24.3% 85.8% FPI
Higher overall scoreMean of the five percentile scores vs peers 57/100 — –

Percentile Scorecard

FPIPW

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisFPIPW
Valuation 43 #123 of 216 81 #29 of 145
Growth 39 #127 of 206 38 #90 of 144
Profitability 61 #78 of 199 –
Financial Health 65 #77 of 215 –
Shareholder Returns 78 #38 of 166 –
Overall 57 –
  • FPI ranked among 224 companies in Real Estate
  • PW ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodFPIPWSPY
1 month -4.8%-3.0% -1.0%
3 months +6.9%-25.7% +2.9%
6 months -12.4%-14.5% +6.4%
Year to date +5.9%-22.3% +11.4%
1 year -0.3%-2.3% +13.1%
3 years -3.6%-2.3% +79.4%
3 years, per year -1.2%-0.8% +21.5%
5 years -15.3%-98.7% +67.7%
5 years, per year -3.3%-58.1% +10.9%
10 years -4.5%-92.5% +255.2%
10 years, per year -0.5%-22.8% +13.5%

Risk

MeasureFPIPWSPY
Volatility, 1Y 24.3%85.8% 12.7%
Downside volatility, 1Y 27.0%79.1% 12.7%
Beta vs S&P 500, 1Y 0.270.19 1.00
Return / volatility, 1Y -0.01-0.03 1.03
Max drawdown, 5Y -42.7%-99.5% -25.4%
From 52-week high -21.3%-47.1% -2.5%
52-week high $13.04$12.92 $779.14
52-week low $9.34$5.10 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleFPIPW
P/E now vs peer median 18.4xmedian 24.8x -1.2xmedian 27.0x
P/S now vs peer median 8.7xmedian 3.8x 0.9xmedian 4.1x
EV/EBITDA now vs peer median 30.6xmedian 14.4x —median 14.5x
P/FCF now vs peer median 26.8xmedian 19.7x —median 23.7x
P/B now vs peer median 1.0xmedian 1.2x —median 1.3x
PEG now vs peer median 0.56median 1.40 -0.02median 2.07

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsFPIPW
Revenue $51.47M $2.79M
Gross profit $47.81M –
Operating income $18.09M –
Net income $26.06M –
Free cash flow $16.70M –
EPS (diluted) $0.56 $-5.58
Cash & equivalents $11.42M –
Total debt $1.05B –
Shares (diluted) 43.37M 367.17K
Enterprise value $394.12M $2.45M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricFPIPW
P/E 18.4x -1.2x
P/FCF 26.8x –
P/Operating cash flow 24.3x –
P/S 8.7x 0.9x
P/B 1.0x –
P/Tangible book 1.0x –
EV/EBITDA 30.6x –
EV/EBIT 36.5x –
EV/Revenue 12.8x 0.9x
EV/FCF 39.5x –
EV/Operating cash flow 35.8x –
PEG (3Y EPS CAGR) 0.56 -0.02

Growth

14 metrics
MetricFPIPW
Revenue growth (1Y) -6.4% -6.7%
Revenue CAGR (3Y) -4.6% -20.4%
Gross profit growth (1Y) -4.8% –
Gross profit CAGR (3Y) -4.0% –
Operating income growth (1Y) 1,339% –
Operating income CAGR (3Y) -10.0% –
Net income growth (1Y) -63.8% –
Net income CAGR (3Y) 14.3% –
EPS growth (1Y) -54.9% 63.8%
EPS CAGR (3Y) 33.1% 53.9%
Operating cash flow growth (1Y) 26.9% –
Operating cash flow CAGR (3Y) 0.8% –
Free cash flow growth (1Y) 203.3% –
Free cash flow CAGR (3Y) 40.5% –

Profitability

14 metrics
MetricFPIPW
Gross margin 92.9% –
EBITDA margin 41.9% –
Operating margin 35.2% –
Pretax margin 50.6% –
Net margin 47.0% -73.5%
FCF margin 32.4% –
Operating cash flow margin 35.8% –
Return on equity 5.6% –
Return on assets 3.7% –
Return on invested capital 2.6% –
Return on capital employed – –
Asset turnover 0.1x –
Cash conversion (OCF / net income) 0.7x –
Stock comp / revenue 3.9% –

Financial Health

11 metrics
MetricFPIPW
Debt / assets 32.0% –
Debt / equity 0.5x –
Net debt / EBITDA 9.8x –
Debt / FCF 13.4x –
Liabilities / assets 33.8% –
Equity / assets 66.2% –
Interest coverage 1.7x –
Current ratio – –
Quick ratio – –
Cash ratio – –
Altman Z-score – –

Shareholder Returns

7 metrics
MetricFPIPW
Dividend yield 5.2% –
Net buyback yield 18.3% –
Shareholder yield 23.4% 0.0%
Payout ratio (earnings) 78.2% –
Payout ratio (FCF) 122.0% –
Dividend growth (1Y) -68.3% –
Dividend CAGR (3Y) 16.6% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusFPIPW
Forward P/E 46.6xFY2026 0.2xFY2023
EPS, next fiscal year $0.22FY2026 $39.29FY2023
EPS growth, next FY -63.9%FY2026 –
EPS growth, the year after -13.6% +232.7%
Revenue, next fiscal year $32.83MFY2026 $20.57MFY2023
Revenue growth, next FY -8.6%FY2026 –
Revenue growth, the year after +0.7% +92.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFPIPW
Held by institutions 53.2% –
Institutions holding 181 –
Change in shares held, QoQ -0.8% –
Institutions buying 100 –
Institutions selling 51 –
Buyers to sellers 1.96 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

FPIPW
FPI 1.00 0.00
PW 0.00 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FPI and PW?

Farmland Partners (FPI) is the largest by market capitalisation: Farmland Partners (FPI) $446.04M, Power REIT (PW) $2.45M.

Which company is growing faster?

Farmland Partners (FPI) grew revenue fastest over the trailing twelve months: Farmland Partners (FPI) -6.4%, Power REIT (PW) -6.7%.

Which company is more profitable?

Farmland Partners (FPI) has the highest net margin (Farmland Partners (FPI) 47.0%, Power REIT (PW) -73.5%).

Which stock has performed better?

Over the past year Farmland Partners (FPI) returned the most: Farmland Partners (FPI) -0.3%, Power REIT (PW) -2.3%. Over five years, Farmland Partners (FPI) compounded fastest (Farmland Partners (FPI) -3.3%/yr, Power REIT (PW) -58.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Farmland Partners (FPI) 0.05%, Power REIT (PW) 0.00%. Power REIT (PW) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Farmland Partners (FPI) has been the steadiest (Farmland Partners (FPI) 24.3%, Power REIT (PW) 85.8%). Volatility measures how widely the price swings, not the risk of the business.

Do FPI and PW move together?

Their daily returns over the past year have a correlation of 0.00, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, FPI and PW?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Farmland Partners (FPI) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.