Farmland Partners (FPI) EV to FCF (2014 - 2026)
Farmland Partners' EV to FCF came in at 23.66 for Q2 2026, down 42.3% from 41.04 a year earlier and down 7.6% from the prior quarter.
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Analysis
Farmland Partners (FPI) EV to FCF (2014 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Farmland Partners reported EV to FCF of 21.34, down 35.5% year-over-year; for FY2025, it came in at 28.37, down 26.3% from FY2024.
- Going back by year, EV to FCF was 38.50 in FY2024 (-60.9%), 98.51 in FY2023 (+61.8%), 60.86 in FY2022 (-37.9%) and 98.04 in FY2021 (+342.1%).
- The Q2 2026 figure represents the lowest quarterly EV to FCF since Q4 2020.
- Year-over-year, EV to FCF has declined for seven consecutive quarters, with an average decline of 41.9% over the last eight quarters.
- The fastest year-over-year change in EV to FCF over five years came in Q1 2022 (growth of 666.4%), and the weakest in Q1 2023 (a decline of 82.8%).
- Business Quant data shows FPI's EV to FCF at 25.61 (Q1 2026), 28.37 (Q4 2025) and 34.32 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rayonier | 5.48 Bn | 2.67 Bn | 75.67 Mn |
| 2 | Farmland Partners | 496.06 Mn | 499.17 Mn | 8.52 Mn |
| 3 | Gladstone Land | 408.07 Mn | 408.07 Mn | 12.44 Mn |
| 4 | St Joe | 3.75 Bn | 3.25 Bn | 73.42 Mn |
| 5 | Alico | 286.12 Mn | 104.77 Mn | 4.05 Mn |
| 6 | Ckx Lands | 21.52 Mn | 21.52 Mn | 165,707.00 |
| 7 | Power REIT | 2.50 Mn | 2.50 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.66 |
| Mar 31, 2026 | 25.61 |
| Dec 31, 2025 | 28.37 |
| Sep 30, 2025 | 34.32 |
| Jun 30, 2025 | 41.04 |
| Mar 31, 2025 | 64.65 |
| Dec 31, 2024 | 38.50 |
| Sep 30, 2024 | 101.54 |
| Jun 30, 2024 | 125.16 |
| Mar 31, 2024 | 152.25 |
| Dec 31, 2023 | 98.51 |
| Sep 30, 2023 | 69.55 |
| Jun 30, 2023 | 49.63 |
| Mar 31, 2023 | 36.45 |
| Dec 31, 2022 | 60.86 |
| Sep 30, 2022 | 66.80 |
| Jun 30, 2022 | 203.12 |
| Mar 31, 2022 | 212.29 |
| Dec 31, 2021 | 98.04 |
| Sep 30, 2021 | 64.19 |
API Access
Farmland Partners EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=FPI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "FPI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=FPI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();