Farmland Partners (FPI) Gross Margin (2016 - 2026)
Farmland Partners' (FPI) quarterly Gross Margin came in at 97.21% in Q1 2026, down 267.0% year-on-year from 58.21% in Q1 2025, and down 18.28% quarter-over-quarter from 118.96% in Q4 2025.
Farmland Partners (FPI) Gross Margin (2016 - 2026) Analysis & Trends
Farmland Partners' Gross Margin history runs 11 years deep, the most recent figure standing at 97.21% for Q1 2026.
- On a quarterly basis, Gross Margin fell 267.0% year-over-year to 97.21% in Q1 2026; TTM through Mar 2026 was 106.99%, a 848.0% increase from a year earlier, with the FY2025 full-year figure at 99.93%, up 10.0% from the prior year.
- Gross Margin declined to 97.21% in Q1 2026 per FPI's latest filing, from 118.96% in the prior quarter.
- Across five years, Gross Margin topped out at 118.96% in Q4 2025 and bottomed at 78.36% in Q4 2023.
- The 5-year median for Gross Margin is 99.74% (2024), against an average of 98.05%.
- Across the five-year window, Gross Margin slumped 2134 bps in 2023 and jumped 2138 bps in 2024, its largest moves.
- Year by year, Gross Margin stood at 99.7% in 2022, then slipped by 21 bps to 78.36% in 2023, then gained by 27 bps to 99.74% in 2024, then climbed by 19 bps to 118.96% in 2025, then retreated by 18 bps to 97.21% in 2026.
- Per Business Quant, the three latest FPI Gross Margin figures stand at 97.21% (Q1 2026), 118.96% (Q4 2025), and 99.98% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.00 Bn | 98.94 Bn | 1.26 Bn | 51.47% |
| 2 | American Tower | 76.76 Bn | 83.27 Bn | 2.70 Bn | 98.59% |
| 3 | Digital Realty Trust | 61.91 Bn | 61.08 Bn | - | - |
| 4 | Iron Mountain | 37.06 Bn | 37.09 Bn | 1.05 Bn | 54.04% |
| 5 | Crown Castle | 32.50 Bn | 32.44 Bn | 23.00 Mn | 46.94% |
| 6 | Sba Communications | 18.50 Bn | 18.59 Bn | 532.10 Mn | 75.64% |
| 7 | Weyerhaeuser | 17.05 Bn | 16.75 Bn | 318.00 Mn | 18.41% |
| 8 | Lamar Advertising | 15.99 Bn | 15.96 Bn | 344.69 Mn | 65.28% |
| 9 | Gaming & Leisure Properties | 12.58 Bn | 12.98 Bn | - | - |
| 10 | Farmland Partners | 412.53 Mn | 415.64 Mn | 9.82 Mn | 97.21% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 97.21% |
| Dec 31, 2025 | 118.96% |
| Sep 30, 2025 | 99.98% |
| Jun 30, 2025 | 99.95% |
| Mar 31, 2025 | 99.88% |
| Dec 31, 2024 | 99.74% |
| Sep 30, 2024 | 99.92% |
| Jun 30, 2024 | 93.35% |
| Mar 31, 2024 | 99.70% |
| Dec 31, 2023 | 78.36% |
| Sep 30, 2023 | 99.97% |
| Jun 30, 2023 | 91.54% |
| Mar 31, 2023 | 99.61% |
| Dec 31, 2022 | 99.70% |
| Sep 30, 2022 | 99.80% |
| Jun 30, 2022 | 89.21% |
| Mar 31, 2022 | 99.98% |
| Dec 31, 2021 | 99.05% |
| Sep 30, 2021 | 95.87% |
| Jun 30, 2021 | 93.34% |