Farmland Partners (FPI) Operating Margin (2013 - 2026)
Farmland Partners' (FPI) quarterly Operating Margin came in at 32.67% in Q1 2026, down 480.0% year-on-year from 8.6% in Q1 2025, and down 58.82% quarter-over-quarter from 79.33% in Q4 2025.
Farmland Partners (FPI) Operating Margin (2013 - 2026) Analysis & Trends
Farmland Partners' Operating Margin history runs 14 years deep, the most recent figure standing at 32.67% for Q1 2026.
- On a quarterly basis, Operating Margin fell 480.0% year-over-year to 32.67% in Q1 2026; TTM through Mar 2026 was 16.53%, a 2340.0% decrease from a year earlier, with the FY2025 full-year figure at 9.95%, down 3227.0% from the prior year.
- Operating Margin eased to 32.67% in Q1 2026 per FPI's latest filing, from 79.33% in the prior quarter.
- Across five years, Operating Margin topped out at 79.33% in Q4 2025 and bottomed at 141.95% in Q2 2025.
- The 5-year median for Operating Margin is 32.67% (2026), against an average of 25.28%.
- Across the five-year window, Operating Margin surged 3901 bps in 2024 and plunged 16361 bps in 2025, its largest moves.
- Year by year, Operating Margin stood at 57.18% in 2022, then plunged by 54 bps to 26.48% in 2023, then surged by 94 bps to 51.32% in 2024, then jumped by 55 bps to 79.33% in 2025, then sank by 59 bps to 32.67% in 2026.
- Per Business Quant, the three latest FPI Operating Margin figures stand at 32.67% (Q1 2026), 79.33% (Q4 2025), and 26.71% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.00 Bn | 98.94 Bn | 1.26 Bn | 23.61% |
| 2 | American Tower | 76.76 Bn | 83.27 Bn | 2.70 Bn | 45.27% |
| 3 | Digital Realty Trust | 61.91 Bn | 61.08 Bn | - | 16.38% |
| 4 | Iron Mountain | 37.06 Bn | 37.09 Bn | 1.05 Bn | 20.41% |
| 5 | Crown Castle | 32.50 Bn | 32.44 Bn | 23.00 Mn | 948.98% |
| 6 | Sba Communications | 18.50 Bn | 18.59 Bn | 532.10 Mn | 48.74% |
| 7 | Weyerhaeuser | 17.05 Bn | 16.75 Bn | 318.00 Mn | 14.30% |
| 8 | Lamar Advertising | 15.99 Bn | 15.96 Bn | 344.69 Mn | 27.66% |
| 9 | Gaming & Leisure Properties | 12.58 Bn | 12.98 Bn | - | 79.37% |
| 10 | Farmland Partners | 412.53 Mn | 415.64 Mn | 9.82 Mn | 32.67% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 32.67% |
| Dec 31, 2025 | 79.33% |
| Sep 30, 2025 | 26.71% |
| Jun 30, 2025 | -141.95% |
| Mar 31, 2025 | 37.47% |
| Dec 31, 2024 | 51.32% |
| Sep 30, 2024 | 39.14% |
| Jun 30, 2024 | 21.66% |
| Mar 31, 2024 | 42.63% |
| Dec 31, 2023 | 26.48% |
| Sep 30, 2023 | 0.13% |
| Jun 30, 2023 | 23.80% |
| Mar 31, 2023 | 38.17% |
| Dec 31, 2022 | 57.18% |
| Sep 30, 2022 | 35.96% |
| Jun 30, 2022 | 27.96% |
| Mar 31, 2022 | 31.10% |
| Dec 31, 2021 | 56.49% |
| Sep 30, 2021 | 14.19% |
| Jun 30, 2021 | 9.54% |