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Federal Agricultural Mortgage (AGM) Financials

Federal Agricultural Mortgage logo
$183.31 -4.54 (-2.42%)
Closing price 03:59 PM Eastern
Extended Trading
$183.48 +0.18 (+0.10%)
As of 07:40 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Federal Agricultural Mortgage

Annual Income Statements for Federal Agricultural Mortgage

This table shows Federal Agricultural Mortgage's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 38 47 64 71 95 94 95 111 151 173 180
Consolidated Net Income / (Loss)		 70 74 77 84 108 110 114 136 178 200 207
Net Income / (Loss) Continuing Operations		 70 74 77 84 108 110 114 136 178 200 207
Total Pre-Tax Income 		73 108 119 131 136 139 145 172 226 253 258
Total Revenue		 104 146 161 175 186 194 214 245 310 351 375
Net Interest Income / (Expense)		 70 126 140 158 174 173 196 222 271 328 354
Total Interest Income		 241 265 312 401 544 645 509 426 717 1,392 1,604
Loans and Leases Interest Income		 95 117 135 162 198 230 234 243 350 515 629
Investment Securities Interest Income		 146 148 177 238 346 415 275 183 366 877 974
Total Interest Expense		 171 139 172 243 370 472 313 204 446 1,065 1,250
Total Non-Interest Income		 33 20 20 18 12 21 18 23 39 24 21
Other Service Charges		 16 16 1.82 0.83 1.38 1.90 3.49 2.07 2.50 4.20 3.03
Net Realized & Unrealized Capital Gains on Investments		 17 3.76 3.78 2.48 -3.61 5.37 2.26 7.00 23 2.88 2.54
Investment Banking Income		 - - 15 14 14 14 13 13 13 17 16
Other Non-Interest Income		 - - - 0.09 -0.10 0.00 -0.25 1.33 0.52 -0.28 0.09
Provision for Credit Losses		 -0.96 2.39 1.07 1.76 0.24 3.50 7.81 -0.86 1.32 0.86 12
Total Non-Interest Expense		 31 35 40 43 50 52 61 73 83 97 106
Salaries and Employee Benefits		 19 22 23 24 28 29 37 43 49 59 64
Other Operating Expenses		 12 13 18 18 22 23 25 31 34 38 42
Income Tax Expense		 2.82 34 42 46 28 29 30 36 48 53 51
Preferred Stock Dividends Declared		 9.84 21 13 13 13 16 19 25 27 27 25
Basic Earnings per Share		 $3.50 $4.33 $6.12 $6.73 $8.91 $8.76 $8.85 $10.36 $14.00 $15.97 $16.59
Weighted Average Basic Shares Outstanding		 10.92M 10.95M 10.48M 10.59M 10.70M 10.70M 10.74M 10.77M 10.80M 10.85M 10.89M
Diluted Earnings per Share		 $3.37 $4.19 $5.97 $6.60 $8.83 $8.69 $8.80 $10.27 $13.87 $15.81 $16.44
Weighted Average Diluted Shares Outstanding		 10.92M 10.95M 10.48M 10.59M 10.70M 10.70M 10.74M 10.77M 10.80M 10.85M 10.89M
Weighted Average Basic & Diluted Shares Outstanding		 10.92M 10.95M 10.48M 10.59M 10.70M 10.70M 10.74M 10.77M 10.80M 10.85M 10.89M
Cash Dividends to Common per Share		 $0.56 - $0.26 $1.44 $0.58 $0.70 $0.80 $0.88 $0.95 $1.10 $1.40

Quarterly Income Statements for Federal Agricultural Mortgage

This table shows Federal Agricultural Mortgage's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 35 37 40 40 51 41 47 40 42 51 44
Consolidated Net Income / (Loss)		 41 43 47 47 58 48 54 47 50 57 50
Net Income / (Loss) Continuing Operations		 41 43 47 47 58 48 54 47 50 57 50
Total Pre-Tax Income 		52 55 60 59 73 60 68 59 62 68 63
Total Revenue		 72 79 84 85 97 85 94 90 90 101 94
Net Interest Income / (Expense)		 68 74 79 79 88 82 86 87 87 93 91
Total Interest Income		 194 268 315 344 382 351 396 404 408 396 381
Loans and Leases Interest Income		 98 109 119 129 141 126 145 153 162 169 172
Investment Securities Interest Income		 96 159 196 215 241 225 252 251 245 227 210
Total Interest Expense		 126 194 236 265 294 269 310 316 321 302 290
Total Non-Interest Income		 4.19 5.42 5.36 5.87 9.51 2.78 7.31 2.53 3.67 7.89 3.38
Other Service Charges		 0.65 0.70 1.23 0.76 1.27 0.94 1.25 0.67 1.42 -0.31 1.44
Net Realized & Unrealized Capital Gains on Investments		 0.73 1.16 0.40 1.69 2.67 -1.88 2.08 -1.89 -1.76 4.12 -2.64
Investment Banking Income		 2.64 3.49 3.93 3.49 5.52 3.77 3.92 3.80 4.02 4.01 4.48
Other Non-Interest Income		 0.17 0.08 -0.20 -0.07 0.05 -0.05 0.07 -0.05 - - 0.10
Provision for Credit Losses		 0.62 2.02 0.55 1.07 -0.14 -0.63 -1.80 6.18 3.43 3.77 1.68
Total Non-Interest Expense		 19 22 24 24 24 25 27 24 25 29 30
Salaries and Employee Benefits		 12 12 15 14 14 16 18 15 15 16 18
Other Operating Expenses		 7.73 9.71 8.36 10 9.93 9.64 8.98 9.63 9.55 13 12
Income Tax Expense		 11 12 13 12 15 13 15 12 12 12 13
Preferred Stock Dividends Declared		 6.79 6.79 6.79 6.79 6.79 6.79 6.79 6.79 7.52 4.05 5.67
Basic Earnings per Share		 $3.21 $3.39 $3.73 $3.73 $4.74 $3.77 $4.33 $3.71 $3.89 $4.66 $4.04
Weighted Average Basic Shares Outstanding		 10.80M 10.80M 10.83M 10.84M 10.84M 10.85M 10.88M 10.88M 10.89M 10.89M 10.93M
Diluted Earnings per Share		 $3.18 $3.36 $3.69 $3.70 $4.69 $3.73 $4.28 $3.68 $3.86 $4.62 $4.01
Weighted Average Diluted Shares Outstanding		 10.80M 10.80M 10.83M 10.84M 10.84M 10.85M 10.88M 10.88M 10.89M 10.89M 10.93M
Weighted Average Basic & Diluted Shares Outstanding		 10.80M 10.80M 10.83M 10.84M 10.84M 10.85M 10.88M 10.88M 10.89M 10.89M 10.93M

Annual Cash Flow Statements for Federal Agricultural Mortgage

This table details how cash moves in and out of Federal Agricultural Mortgage's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 614 -153 -945 37 123 179 430 -125 -48 28 135
Net Cash From Operating Activities		 155 185 213 175 200 -20 -95 436 809 376 613
Net Cash From Continuing Operating Activities		 155 185 213 175 200 -20 -95 436 809 376 613
Net Income / (Loss) Continuing Operations		 70 74 77 84 108 110 114 136 178 200 207
Consolidated Net Income / (Loss)		 70 74 77 84 108 110 114 136 178 200 207
Provision For Loan Losses		 -3.17 0.21 1.00 1.76 0.34 3.50 8.06 -2.19 0.81 1.14 11
Amortization Expense		 28 18 34 25 29 40 30 24 20 14 -2.64
Non-Cash Adjustments to Reconcile Net Income		 104 91 65 64 72 -162 -225 294 740 106 252
Changes in Operating Assets and Liabilities, net		 -44 1.54 36 -0.15 -9.27 -10 -22 -15 -130 54 145
Net Cash From Investing Activities		 -84 -1,251 -593 -1,843 -591 -2,385 -1,736 -1,096 -3,043 -1,955 -1,682
Net Cash From Continuing Investing Activities		 -84 -1,251 -593 -1,843 -591 -2,385 -1,736 -1,096 -3,043 -1,955 -1,682
Purchase of Investment Securities		 -3,851 -4,439 -5,352 -5,205 -5,641 -7,093 -7,977 -9,312 -10,343 -8,194 -7,916
Sale and/or Maturity of Investments		 3,767 3,188 4,759 3,363 5,050 4,708 6,241 8,216 7,300 6,239 6,233
Net Cash From Financing Activities		 543 912 -564 1,704 515 2,583 2,260 535 2,186 1,607 1,205
Net Cash From Continuing Financing Activities		 543 912 -564 1,704 515 2,583 2,260 535 2,186 1,607 1,205
Issuance of Debt		 41,934 101,505 101,555 60,582 49,420 74,838 82,058 72,286 61,760 57,788 68,871
Issuance of Common Equity		 0.24 1.69 0.55 0.24 0.01 0.04 0.06 0.12 0.19 0.23 0.29
Repayment of Debt		 -41,496 -100,315 -102,084 -58,847 -48,864 -72,231 -79,880 -71,810 -59,504 -56,103 -67,500
Repurchase of Preferred Equity		 -6.00 -244 - 0.00 0.00 -75 -60 - 0.00 0.00 -75
Payment of Dividends		 -36 -26 -24 -28 -38 -44 -51 -61 -68 -75 -86
Other Financing Activities, Net		 0.23 -0.15 -2.62 -2.54 -2.63 -1.78 -0.56 -1.31 -1.84 -3.01 -5.35
Cash Interest Paid		 - - - 161 269 366 283 199 269 583 820
Cash Income Taxes Paid		 - - - 40 31 23 30 36 34 48 39

Quarterly Cash Flow Statements for Federal Agricultural Mortgage

This table details how cash moves in and out of Federal Agricultural Mortgage's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 -41 -7.23 3.59 9.50 -92 106 -144 178 -81 182 24
Net Cash From Operating Activities		 180 103 61 119 363 -167 233 56 -44 368 -50
Net Cash From Continuing Operating Activities		 180 103 61 119 363 -167 233 56 -44 368 -50
Net Income / (Loss) Continuing Operations		 41 43 47 47 58 48 54 47 50 57 50
Consolidated Net Income / (Loss)		 41 43 47 47 58 48 54 47 50 57 50
Provision For Loan Losses		 0.45 1.95 0.75 1.14 -0.18 -0.58 -1.87 6.23 3.26 3.87 1.58
Amortization Expense		 5.82 6.08 7.88 -0.44 3.95 3.00 4.29 12 -5.74 -13 13
Non-Cash Adjustments to Reconcile Net Income		 214 25 -31 132 273 -268 142 34 -205 280 -85
Changes in Operating Assets and Liabilities, net		 -82 27 35 -61 28 51 35 -43 113 40 -30
Net Cash From Investing Activities		 -629 -992 -461 179 -998 -675 -525 -108 -266 -783 -346
Net Cash From Continuing Investing Activities		 -628 -993 -461 179 -998 -675 -525 -108 -266 -783 -346
Purchase of Investment Securities		 -2,253 -2,122 -1,646 -1,894 -2,546 -2,107 -1,761 -1,802 -2,519 -1,833 -1,923
Sale and/or Maturity of Investments		 1,624 1,130 1,185 2,073 1,548 1,432 1,236 1,693 2,253 1,050 1,577
Net Cash From Financing Activities		 407 882 404 -288 543 948 149 230 229 597 420
Net Cash From Continuing Financing Activities		 407 882 404 -288 543 948 149 230 229 597 420
Issuance of Debt		 15,747 14,105 12,802 12,783 16,215 15,988 14,627 15,196 19,012 20,037 19,934
Issuance of Common Equity		 0.05 0.05 0.05 0.05 0.06 0.06 0.06 0.07 0.08 0.08 0.08
Repayment of Debt		 -15,580 -12,948 -12,379 -13,051 -15,652 -15,021 -14,453 -14,943 -18,685 -19,419 -19,487
Payment of Dividends		 -17 -17 -19 -19 -19 -19 -22 -22 -22 -20 -22
Other Financing Activities, Net		 -0.33 -0.05 0.02 -2.36 -0.51 -0.17 -2.86 -1.04 -0.48 -0.96 -4.96

Annual Balance Sheets for Federal Agricultural Mortgage

This table presents Federal Agricultural Mortgage's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 14,288 15,540 15,606 17,792 18,694 21,709 24,356 25,121 27,333 29,524 31,325
Cash and Due from Banks		 1,363 1,210 265 302 425 604 1,034 909 861 889 1,024
Trading Account Securities		 9,165 10,119 10,548 11,945 12,510 13,836 14,503 10,175 12,226 17,111 16,594
Loans and Leases, Net of Allowance		 3,520 3,962 4,507 5,267 3,998 -10 8,535 9,249 10,205 11,039 13,198
Loans and Leases		 3,526 3,967 4,513 5,274 4,005 - 8,549 9,263 10,221 11,055 13,222
Allowance for Loan and Lease Losses		 5.86 4.48 5.42 6.80 7.02 10 14 14 15 16 23
Loans Held for Sale		 - - - - - - - - - 0.00 6.17
Other Assets		 240 249 285 233 1,761 7,279 284 4,787 4,041 485 502
Total Liabilities & Shareholders' Equity		 14,288 15,540 15,606 17,792 18,694 21,709 24,356 25,121 27,333 29,524 31,325
Total Liabilities		 13,506 14,987 14,962 17,084 17,942 20,910 23,363 23,907 26,061 28,113 29,836
Accrued Interest Payable		 48 48 50 75 97 107 93 59 118 182 195
Long-Term Debt		 5,471 4,967 5,223 7,433 8,487 - 21,849 22,714 24,469 26,337 27,371
Other Long-Term Liabilities		 632 861 1,250 1,486 1,601 1,704 1,421 1,135 1,474 1,594 2,269
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 782 554 644 708 753 799 992 1,214 1,272 1,412 1,489
Total Preferred & Common Equity		 546 554 643 708 753 799 992 1,214 1,272 1,412 1,489
Preferred Stock		 205 205 205 205 205 228 363 485 485 485 411
Total Common Equity		 341 349 439 503 548 571 629 729 787 927 1,078
Common Stock		 124 129 129 130 129 130 134 137 140 144 147
Retained Earnings		 201 231 276 323 393 457 510 589 699 824 943
Accumulated Other Comprehensive Income / (Loss)		 16 -11 34 51 25 -16 -14 3.85 -51 -40 -12

Quarterly Balance Sheets for Federal Agricultural Mortgage

This table presents Federal Agricultural Mortgage's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 26,442 27,940 27,660 28,311 29,772 30,194 30,615 31,804
Cash and Due from Banks		 868 865 874 782 745 923 842 1,048
Trading Account Securities		 11,428 27 12,491 6,555 10,507 10,703 17,004 16,719
Loans and Leases, Net of Allowance		 1,107 10,368 10,561 10,537 11,233 11,787 12,367 13,617
Loans and Leases		 1,120 10,384 10,577 10,554 11,247 11,803 12,387 13,642
Allowance for Loan and Lease Losses		 13 16 17 17 14 17 20 25
Loans Held for Sale		 - - - - - - - 6.05
Other Assets		 13,038 16,681 3,734 10,437 7,287 6,782 402 413
Total Liabilities & Shareholders' Equity		 26,442 27,940 27,660 28,311 29,772 30,194 30,615 31,804
Total Liabilities		 25,210 26,648 26,313 26,926 28,292 28,693 29,153 30,278
Accrued Interest Payable		 91 142 144 172 203 194 215 222
Long-Term Debt		 - 24,837 24,510 25,124 26,509 26,543 27,129 27,975
Other Long-Term Liabilities		 1,618 1,668 1,659 1,630 1,580 1,956 1,809 2,081
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,232 1,292 1,347 1,385 1,480 1,501 1,462 1,526
Total Preferred & Common Equity		 1,232 1,292 1,347 1,385 1,480 1,501 1,462 1,526
Preferred Stock		 485 485 485 485 485 485 411 411
Total Common Equity		 747 808 862 901 996 1,016 1,051 1,114
Common Stock		 139 141 141 142 144 145 146 145
Retained Earnings		 672 727 755 795 855 881 908 971
Accumulated Other Comprehensive Income / (Loss)		 -64 -60 -34 -36 -4.12 -9.14 -2.55 -1.81

Annual Metrics And Ratios for Federal Agricultural Mortgage

This table displays calculated financial ratios and metrics derived from Federal Agricultural Mortgage's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -36.77% 40.83% 10.14% 8.97% 6.23% 4.30% 10.21% 14.55% 26.37% 13.38% 6.90%
EBITDA Growth		 -40.20% 24.46% 21.36% 1.53% 6.34% 7.98% -2.22% 12.74% 25.18% 8.71% -4.50%
EBIT Growth		 -44.31% 47.84% 10.44% 9.49% 4.08% 1.93% 4.35% 19.20% 30.86% 12.15% 1.98%
NOPAT Growth		 -27.93% 5.06% 4.69% 9.08% 28.18% 1.36% 4.41% 18.98% 30.90% 12.27% 3.59%
Net Income Growth		 -27.93% 5.06% 4.69% 9.08% 28.18% 1.36% 4.41% 18.98% 30.90% 12.27% 3.59%
EPS Growth		 -47.43% 24.33% 42.48% 10.55% 33.79% -1.59% 1.27% 16.70% 35.05% 13.99% 3.98%
Operating Cash Flow Growth		 -50.62% 19.25% 15.03% -17.72% 14.30% -109.85% -379.96% 561.58% 85.44% -53.56% 63.03%
Free Cash Flow Firm Growth		 -0.07% -52.89% 142.33% -556.76% 64.27% -324.71% -1.32% 66.42% -72.16% -10.51% 49.95%
Invested Capital Growth		 5.36% 7.53% -2.22% 13.45% 4.72% 17.07% 14.79% 4.75% 7.58% 7.80% 4.01%
Revenue Q/Q Growth		 -4.75% 9.08% 13.09% -6.44% 323.33% -39.96% 7.06% -2.35% 4.72% 1.71% 4.54%
EBITDA Q/Q Growth		 -18.27% 11.56% 13.09% -7.69% 166.03% -34.24% 4.46% -3.57% 4.24% 0.80% -3.12%
EBIT Q/Q Growth		 -7.07% 11.39% 15.93% -7.97% 302.48% -40.94% 7.41% -2.97% 4.29% 2.09% 3.19%
NOPAT Q/Q Growth		 -6.09% 5.59% 15.76% -9.43% 224.84% -53.07% 7.45% -2.96% 4.18% 2.15% 4.49%
Net Income Q/Q Growth		 -6.09% 5.59% 15.76% -9.43% 440.24% -40.83% 7.45% -2.96% 4.18% 2.15% 4.49%
EPS Q/Q Growth		 -15.33% 25.45% 20.36% -11.05% 3.27% 11.27% 6.80% -5.08% 4.92% 2.40% 5.72%
Operating Cash Flow Q/Q Growth		 -91.65% 112.24% 51.57% -29.76% -25.89% 89.65% 11.66% -22.63% 14.07% -41.80% 682.78%
Free Cash Flow Firm Q/Q Growth		 -242.36% 42.90% 165.78% -31.69% -95.88% -0.89% 0.25% -5.26% -63.67% -14.36% 52.00%
Invested Capital Q/Q Growth		 10.61% 4.23% -2.79% 0.15% 2.54% 1.64% 1.43% 1.55% 4.08% 4.68% 0.94%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 97.70% 86.35% 95.15% 88.65% 88.74% 91.87% 81.51% 80.22% 79.47% 76.20% 68.08%
EBIT Margin		 70.54% 74.05% 74.25% 74.61% 73.10% 71.44% 67.64% 70.39% 72.89% 72.10% 68.78%
Profit (Net Income) Margin		 67.82% 50.59% 48.09% 48.14% 58.08% 56.44% 53.47% 55.54% 57.53% 56.97% 55.21%
Tax Burden Percent		 96.14% 68.32% 64.76% 64.52% 79.46% 79.01% 79.05% 78.91% 78.94% 79.02% 80.28%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 3.86% 31.68% 35.24% 35.48% 20.54% 20.99% 20.95% 21.09% 21.06% 20.98% 19.72%
Return on Invested Capital (ROIC)		 0.53% 0.52% 0.53% 0.55% 0.65% 0.59% 0.54% 0.58% 0.72% 0.75% 0.73%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.53% 0.52% 0.53% 0.55% 0.65% 0.59% 0.54% 0.58% 0.72% 0.75% 0.73%
Return on Net Nonoperating Assets (RNNOA)		 9.83% 10.53% 12.38% 11.92% 14.15% 13.52% 12.23% 11.76% 13.62% 14.16% 13.55%
Return on Equity (ROE)		 10.36% 11.06% 12.91% 12.47% 14.80% 14.12% 12.77% 12.34% 14.33% 14.90% 14.28%
Cash Return on Invested Capital (CROIC)		 -4.69% -6.74% 2.78% -12.05% -3.96% -15.14% -13.24% -4.06% -6.59% -6.76% -3.20%
Operating Return on Assets (OROA)		 0.53% 0.72% 0.77% 0.78% 0.75% 0.69% 0.63% 0.70% 0.86% 0.89% 0.85%
Return on Assets (ROA)		 0.51% 0.50% 0.50% 0.50% 0.59% 0.54% 0.50% 0.55% 0.68% 0.70% 0.68%
Return on Common Equity (ROCE)		 4.70% 5.71% 8.49% 8.69% 10.65% 10.18% 8.55% 7.60% 8.75% 9.52% 9.87%
Return on Equity Simple (ROE_SIMPLE)		 12.88% 13.34% 12.01% 11.91% 14.36% 13.71% 11.52% 11.21% 14.01% 14.17% 13.91%
Net Operating Profit after Tax (NOPAT)		 70 74 77 84 108 110 114 136 178 200 207
NOPAT Margin		 67.82% 50.59% 48.09% 48.14% 58.08% 56.44% 53.47% 55.54% 57.53% 56.97% 55.21%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 18.34% 15.11% 14.17% 13.83% 14.80% 14.82% 17.07% 17.49% 15.75% 16.78% 17.05%
Operating Expenses to Revenue		 30.39% 24.31% 25.08% 24.39% 26.77% 26.75% 28.71% 29.96% 26.69% 27.66% 28.14%
Earnings before Interest and Taxes (EBIT)		 73 108 119 131 136 139 145 172 226 253 258
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 101 126 153 155 165 178 174 197 246 267 255
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.75 1.07 1.31 0.97 1.33 1.13 1.69 1.46 2.17 1.99
Price to Tangible Book Value (P/TBV)		 0.00 0.75 1.07 1.31 0.97 1.33 1.13 1.69 1.46 2.17 1.99
Price to Revenue (P/Rev)		 0.00 1.79 2.91 3.78 2.84 3.92 3.33 5.03 3.71 5.73 5.71
Price to Earnings (P/E)		 0.00 5.51 7.29 9.28 5.58 8.12 7.50 11.07 7.61 11.65 11.88
Dividend Yield		 2.48% 2.67% 2.33% 2.31% 4.68% 3.94% 4.82% 3.07% 3.57% 2.37% 2.84%
Earnings Yield		 0.00% 18.16% 13.71% 10.78% 17.93% 12.31% 13.32% 9.04% 13.15% 8.59% 8.42%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.91 0.98 0.99 0.97 0.98 0.96 0.98 0.98 1.01 1.00
Enterprise Value to Revenue (EV/Rev)		 0.00 91.36 87.54 91.84 88.95 100.39 102.34 96.00 81.52 79.60 77.02
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 105.80 92.00 103.60 100.24 109.27 125.56 119.67 102.58 104.47 113.14
Enterprise Value to EBIT (EV/EBIT)		 0.00 123.38 117.89 123.10 121.69 140.52 151.30 136.39 111.85 110.41 111.98
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 180.59 182.03 190.79 153.15 177.86 191.39 172.85 141.69 139.72 139.49
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 72.12 66.16 91.92 82.75 0.00 0.00 53.90 31.19 74.36 47.18
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 34.93 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 16.40 25.43 21.23 21.92 21.58 23.89 22.01 18.71 19.24 18.65 18.38
Long-Term Debt to Equity		 7.00 8.97 8.11 10.50 11.28 0.00 22.01 18.71 19.24 18.65 18.38
Financial Leverage		 18.55 20.14 23.17 21.59 21.75 22.77 22.85 20.20 18.98 18.93 18.51
Leverage Ratio		 20.39 22.33 26.01 24.71 24.98 26.04 25.71 22.43 21.10 21.19 20.98
Compound Leverage Factor		 20.39 22.33 26.01 24.71 24.98 26.04 25.71 22.43 21.10 21.19 20.98
Debt to Total Capital		 94.25% 96.22% 95.50% 95.64% 95.57% 95.98% 95.65% 94.93% 95.06% 94.91% 94.84%
Short-Term Debt to Total Capital		 54.05% 62.27% 58.99% 49.84% 45.64% 95.98% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 40.21% 33.95% 36.51% 45.79% 49.93% 0.00% 95.65% 94.93% 95.06% 94.91% 94.84%
Preferred Equity to Total Capital		 1.50% 1.40% 1.43% 1.26% 1.20% 1.15% 1.59% 2.03% 1.88% 1.75% 1.42%
Noncontrolling Interests to Total Capital		 1.73% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 2.51% 2.38% 3.07% 3.10% 3.22% 2.87% 2.76% 3.05% 3.06% 3.34% 3.73%
Debt to EBITDA		 126.66 111.71 89.34 99.96 98.37 107.11 125.32 115.56 99.45 98.46 107.14
Net Debt to EBITDA		 113.20 102.11 87.60 98.02 95.80 103.72 119.39 110.94 95.95 95.13 103.13
Long-Term Debt to EBITDA		 54.03 39.41 34.15 47.87 51.40 0.00 125.32 115.56 99.45 98.46 107.14
Debt to NOPAT		 182.48 190.66 176.75 184.10 150.29 174.34 191.03 166.90 137.36 131.68 132.10
Net Debt to NOPAT		 163.08 174.28 173.32 180.52 146.36 168.83 181.99 160.23 132.52 127.24 127.16
Long-Term Debt to NOPAT		 77.85 67.27 67.57 88.15 78.52 0.00 191.03 166.90 137.36 131.68 132.10
Noncontrolling Interest Sharing Ratio		 54.63% 48.35% 34.24% 30.31% 28.04% 27.91% 33.02% 38.43% 38.99% 36.11% 30.88%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -622 -951 403 -1,840 -657 -2,792 -2,829 -950 -1,635 -1,807 -905
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 -3.65 -6.84 2.35 -7.57 -1.78 -5.92 -9.04 -4.66 -3.67 -1.70 -0.72
Operating Cash Flow to Interest Expense		 0.91 1.33 1.24 0.72 0.54 -0.04 -0.30 2.14 1.81 0.35 0.49
Operating Cash Flow Less CapEx to Interest Expense		 0.91 1.33 1.24 0.72 0.54 -0.04 -0.30 2.14 1.81 0.35 0.49
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 13,607 14,632 14,307 16,231 16,996 19,898 22,841 23,927 25,741 27,748 28,860
Invested Capital Turnover		 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Increase / (Decrease) in Invested Capital		 693 1,025 -325 1,924 765 2,902 2,943 1,086 1,814 2,007 1,112
Enterprise Value (EV)		 0.00 13,334 14,071 16,087 16,553 19,483 21,890 23,522 25,241 27,945 28,902
Market Capitalization		 0.00 261 468 662 529 761 712 1,233 1,148 2,013 2,144
Book Value per Share		 $31.23 $32.06 $41.84 $47.41 $51.35 $53.30 $58.61 $67.73 $72.91 $85.54 $99.02
Tangible Book Value per Share		 $31.23 $32.06 $41.84 $47.41 $51.35 $53.30 $58.61 $67.73 $72.91 $85.54 $99.02
Total Capital		 13,607 14,632 14,307 16,231 16,996 19,898 22,841 23,927 25,741 27,748 28,860
Total Debt		 12,825 14,078 13,663 15,523 16,244 19,099 21,849 22,714 24,469 26,337 27,371
Total Long-Term Debt		 5,471 4,967 5,223 7,433 8,487 0.00 21,849 22,714 24,469 26,337 27,371
Net Debt		 11,462 12,868 13,398 15,221 15,818 18,494 20,815 21,805 23,608 25,448 26,347
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 12,825 14,078 13,663 15,523 16,244 19,099 21,849 22,714 24,469 26,337 27,371
Total Depreciation and Amortization (D&A)		 28 18 34 25 29 40 30 24 20 14 -2.64
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.50 $4.33 $6.12 $6.73 $8.91 $8.76 $8.31 $10.00 $14.00 $15.97 $16.59
Adjusted Weighted Average Basic Shares Outstanding		 10.94M 10.38M 10.55M 10.62M 10.67M 10.71M 10.74M 10.77M 10.80M 10.85M 10.89M
Adjusted Diluted Earnings per Share		 $3.37 $4.19 $5.97 $6.60 $8.83 $8.69 $8.27 $9.92 $13.87 $15.81 $16.44
Adjusted Weighted Average Diluted Shares Outstanding		 10.94M 10.38M 10.55M 10.62M 10.67M 10.71M 10.74M 10.77M 10.80M 10.85M 10.89M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $8.76 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 10.94M 10.38M 10.55M 10.62M 10.67M 10.71M 10.74M 10.77M 10.80M 10.85M 10.89M
Normalized Net Operating Profit after Tax (NOPAT)		 70 74 77 84 108 110 114 136 178 200 207
Normalized NOPAT Margin		 67.82% 50.59% 48.09% 48.14% 58.08% 56.44% 53.47% 55.54% 57.53% 56.97% 55.21%
Pre Tax Income Margin		 70.54% 74.05% 74.25% 74.61% 73.10% 71.44% 67.64% 70.39% 72.89% 72.10% 68.78%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.43 0.78 0.70 0.54 0.37 0.29 0.46 0.85 0.51 0.24 0.21
NOPAT to Interest Expense		 0.41 0.53 0.45 0.35 0.29 0.23 0.37 0.67 0.40 0.19 0.17
EBIT Less CapEx to Interest Expense		 0.43 0.78 0.70 0.54 0.37 0.29 0.46 0.85 0.51 0.24 0.21
NOPAT Less CapEx to Interest Expense		 0.41 0.53 0.45 0.35 0.29 0.23 0.37 0.67 0.40 0.19 0.17
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 51.49% 34.67% 31.13% 33.73% 35.07% 40.07% 44.28% 45.06% 38.27% 37.41% 41.53%
Augmented Payout Ratio		 51.49% 48.64% 43.15% 33.73% 35.07% 40.07% 44.49% 45.06% 38.27% 37.41% 41.53%

Quarterly Metrics And Ratios for Federal Agricultural Mortgage

This table displays calculated financial ratios and metrics derived from Federal Agricultural Mortgage's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 15.89% 21.42% -2.91% 18.10% 34.84% 7.46% 10.98% 6.29% -6.88% 19.20% 0.68%
EBITDA Growth		 15.26% 19.51% -2.01% 2.42% 33.41% 3.45% 6.62% 21.03% -26.80% -12.96% 5.32%
EBIT Growth		 16.46% 20.21% -8.16% 12.05% 40.73% 9.40% 13.45% -0.12% -15.02% 13.21% -7.50%
NOPAT Growth		 17.31% 19.70% -8.59% 12.80% 40.37% 9.68% 14.27% -0.23% -14.29% 18.68% -7.62%
Net Income Growth		 17.31% 19.70% -8.59% 12.80% 40.37% 9.68% 14.27% -0.23% -14.29% 18.68% -7.62%
EPS Growth		 20.91% 23.99% -10.00% 14.55% 47.48% 11.01% 15.99% -0.54% -17.70% 23.86% -6.31%
Operating Cash Flow Growth		 41.43% 3,126.21% -77.51% -53.60% 101.38% -261.97% 285.29% -52.87% -112.22% 320.28% -121.35%
Free Cash Flow Firm Growth		 -12.05% -68.62% -19.85% 36.13% -52.19% -10.71% 2.38% -90.58% -18.34% 46.15% 19.05%
Invested Capital Growth		 4.97% 7.58% 7.83% 4.74% 7.18% 7.80% 7.12% 8.46% 7.86% 4.01% 5.40%
Revenue Q/Q Growth		 0.64% 9.72% 6.78% 0.16% 14.90% -12.56% 10.28% -4.07% 0.66% 11.93% -6.85%
EBITDA Q/Q Growth		 0.72% 5.93% 10.99% -13.50% 31.19% -17.86% 14.39% -1.81% -20.65% -2.34% 38.42%
EBIT Q/Q Growth		 -1.63% 6.09% 8.94% -1.44% 23.55% -17.53% 12.97% -13.23% 5.12% 9.87% -7.70%
NOPAT Q/Q Growth		 -1.04% 4.83% 8.33% 0.38% 23.14% -18.09% 12.87% -12.36% 5.78% 13.42% -12.14%
Net Income Q/Q Growth		 -1.04% 4.83% 8.33% 0.38% 23.14% -18.09% 12.87% -12.36% 5.78% 13.42% -12.14%
EPS Q/Q Growth		 -1.55% 5.66% 9.82% 0.27% 26.76% -20.47% 14.75% -14.02% 4.89% 19.69% -13.20%
Operating Cash Flow Q/Q Growth		 -29.78% -42.85% -41.21% 96.66% 204.77% -145.97% 239.85% -75.94% -179.01% 928.69% -113.56%
Free Cash Flow Firm Q/Q Growth		 35.79% -56.81% -4.51% 39.30% -53.00% -14.07% 7.85% -18.50% 4.99% 48.10% -38.53%
Invested Capital Q/Q Growth		 0.19% 4.08% 1.51% -1.05% 2.52% 4.68% 0.87% 0.19% 1.95% 0.94% 2.22%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 80.32% 77.54% 80.60% 69.60% 79.47% 74.65% 77.43% 79.25% 62.47% 54.51% 81.00%
EBIT Margin		 72.25% 69.85% 71.26% 70.12% 75.40% 71.11% 72.85% 65.90% 68.81% 67.54% 66.93%
Profit (Net Income) Margin		 57.49% 54.92% 55.72% 55.84% 59.84% 56.06% 57.37% 52.42% 55.08% 55.81% 52.64%
Tax Burden Percent		 79.58% 78.63% 78.19% 79.63% 79.37% 78.83% 78.75% 79.55% 80.05% 82.63% 78.66%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 20.43% 21.37% 21.81% 20.37% 20.63% 21.18% 21.25% 20.45% 19.95% 17.37% 21.35%
Return on Invested Capital (ROIC)		 0.70% 0.68% 0.68% 0.71% 0.81% 0.74% 0.76% 0.71% 0.72% 0.74% 0.69%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.70% 0.68% 0.68% 0.71% 0.81% 0.74% 0.76% 0.71% 0.72% 0.74% 0.69%
Return on Net Nonoperating Assets (RNNOA)		 13.29% 13.00% 13.09% 13.26% 14.98% 13.93% 14.15% 12.75% 13.17% 13.70% 12.48%
Return on Equity (ROE)		 13.99% 13.68% 13.77% 13.97% 15.78% 14.66% 14.91% 13.46% 13.89% 14.44% 13.17%
Cash Return on Invested Capital (CROIC)		 -4.14% -6.59% -6.84% -3.92% -6.17% -6.76% -6.11% -7.35% -6.84% -3.20% -4.55%
Operating Return on Assets (OROA)		 0.83% 0.82% 0.81% 0.84% 0.95% 0.88% 0.91% 0.83% 0.84% 0.83% 0.82%
Return on Assets (ROA)		 0.66% 0.65% 0.64% 0.67% 0.75% 0.69% 0.72% 0.66% 0.67% 0.69% 0.64%
Return on Common Equity (ROCE)		 8.41% 8.35% 8.40% 8.68% 9.94% 9.37% 9.70% 8.88% 9.52% 9.98% 9.24%
Return on Equity Simple (ROE_SIMPLE)		 13.88% 0.00% 13.44% 13.30% 14.13% 0.00% 13.96% 13.76% 13.56% 0.00% 13.31%
Net Operating Profit after Tax (NOPAT)		 41 43 47 47 58 48 54 47 50 57 50
NOPAT Margin		 57.49% 54.92% 55.72% 55.84% 59.84% 56.06% 57.37% 52.42% 55.08% 55.81% 52.64%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 16.17% 15.31% 18.19% 16.48% 14.52% 18.27% 19.49% 16.51% 16.84% 15.45% 18.82%
Operating Expenses to Revenue		 26.90% 27.59% 28.09% 28.61% 24.74% 29.62% 29.07% 27.23% 27.40% 28.73% 31.29%
Earnings before Interest and Taxes (EBIT)		 52 55 60 59 73 60 68 59 62 68 63
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 58 61 68 59 77 63 73 71 57 55 76
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.36 1.46 1.72 1.76 1.80 2.17 2.13 1.94 1.94 1.99 1.83
Price to Tangible Book Value (P/TBV)		 1.36 1.46 1.72 1.76 1.80 2.17 2.13 1.94 1.94 1.99 1.83
Price to Revenue (P/Rev)		 3.44 3.71 4.52 4.73 4.71 5.73 5.88 5.38 5.68 5.71 5.43
Price to Earnings (P/E)		 7.07 7.61 9.47 9.96 9.63 11.65 11.79 10.96 11.97 11.88 11.51
Dividend Yield		 3.96% 3.57% 3.07% 2.93% 2.84% 2.37% 2.41% 2.77% 2.83% 2.84% 3.04%
Earnings Yield		 14.15% 13.15% 10.56% 10.04% 10.38% 8.59% 8.48% 9.12% 8.36% 8.42% 8.69%
Enterprise Value to Invested Capital (EV/IC)		 0.98 0.98 0.99 0.99 1.00 1.01 1.01 1.00 1.01 1.00 1.00
Enterprise Value to Revenue (EV/Rev)		 81.62 81.52 84.16 80.09 76.63 79.60 78.72 76.77 80.06 77.02 78.16
Enterprise Value to EBITDA (EV/EBITDA)		 102.24 102.58 105.64 104.18 99.67 104.47 104.28 98.71 108.99 113.14 113.30
Enterprise Value to EBIT (EV/EBIT)		 111.52 111.85 117.30 113.07 106.69 110.41 108.60 107.50 114.89 111.98 116.14
Enterprise Value to NOPAT (EV/NOPAT)		 141.13 141.69 148.77 143.14 135.09 139.72 137.22 135.87 144.92 139.49 144.66
Enterprise Value to Operating Cash Flow (EV/OCF)		 34.02 31.19 43.04 55.37 40.97 74.36 51.71 57.81 367.19 47.18 89.17
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 19.07 19.24 19.22 18.20 18.14 18.65 17.91 17.68 18.55 18.38 18.34
Long-Term Debt to Equity		 0.00 19.24 19.22 18.20 18.14 18.65 17.91 17.68 18.55 18.38 18.34
Financial Leverage		 18.88 18.98 19.26 18.75 18.58 18.93 18.52 17.93 18.35 18.51 18.13
Leverage Ratio		 21.07 21.10 21.62 20.94 20.92 21.19 20.81 20.32 20.69 20.98 20.48
Compound Leverage Factor		 21.07 21.10 21.62 20.94 20.92 21.19 20.81 20.32 20.69 20.98 20.48
Debt to Total Capital		 95.02% 95.06% 95.05% 94.79% 94.77% 94.91% 94.71% 94.65% 94.89% 94.84% 94.83%
Short-Term Debt to Total Capital		 95.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 95.06% 95.05% 94.79% 94.77% 94.91% 94.71% 94.65% 94.89% 94.84% 94.83%
Preferred Equity to Total Capital		 1.96% 1.88% 1.85% 1.87% 1.83% 1.75% 1.73% 1.73% 1.44% 1.42% 1.39%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 3.02% 3.06% 3.09% 3.33% 3.40% 3.34% 3.56% 3.62% 3.68% 3.73% 3.78%
Debt to EBITDA		 99.56 99.45 101.52 99.61 94.67 98.46 97.46 93.34 102.89 107.14 107.88
Net Debt to EBITDA		 95.88 95.95 97.98 96.06 91.72 95.13 94.72 90.09 99.69 103.13 103.83
Long-Term Debt to EBITDA		 0.00 99.45 101.52 99.61 94.67 98.46 97.46 93.34 102.89 107.14 107.88
Debt to NOPAT		 137.43 137.36 142.97 136.86 128.31 131.68 128.24 128.47 136.81 132.10 137.74
Net Debt to NOPAT		 132.36 132.52 137.99 131.98 124.32 127.24 124.64 124.00 132.57 127.16 132.58
Long-Term Debt to NOPAT		 0.00 137.36 142.97 136.86 128.31 131.68 128.24 128.47 136.81 132.10 137.74
Noncontrolling Interest Sharing Ratio		 39.89% 38.99% 38.99% 37.87% 37.03% 36.11% 34.95% 34.03% 31.45% 30.88% 29.80%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,129 -1,770 -1,850 -1,123 -1,718 -1,960 -1,806 -2,140 -2,033 -1,055 -1,462
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 -8.96 -9.12 -7.83 -4.23 -5.84 -7.28 -5.83 -6.76 -6.34 -3.49 -5.03
Operating Cash Flow to Interest Expense		 1.43 0.53 0.26 0.45 1.23 -0.62 0.75 0.18 -0.14 1.22 -0.17
Operating Cash Flow Less CapEx to Interest Expense		 1.43 0.53 0.26 0.45 1.23 -0.62 0.75 0.18 -0.14 1.22 -0.17
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 24,733 25,741 26,130 25,857 26,509 27,748 27,989 28,044 28,592 28,860 29,501
Invested Capital Turnover		 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Increase / (Decrease) in Invested Capital		 1,170 1,814 1,897 1,170 1,776 2,007 1,860 2,187 2,083 1,112 1,511
Enterprise Value (EV)		 24,133 25,241 25,846 25,634 26,450 27,945 28,366 28,072 28,738 28,902 29,380
Market Capitalization		 1,016 1,148 1,388 1,514 1,624 2,013 2,117 1,967 2,039 2,144 2,042
Book Value per Share		 $69.23 $72.91 $74.79 $79.58 $83.12 $85.54 $91.52 $93.42 $96.60 $99.02 $102.33
Tangible Book Value per Share		 $69.23 $72.91 $74.79 $79.58 $83.12 $85.54 $91.52 $93.42 $96.60 $99.02 $102.33
Total Capital		 24,733 25,741 26,130 25,857 26,509 27,748 27,989 28,044 28,592 28,860 29,501
Total Debt		 23,501 24,469 24,837 24,510 25,124 26,337 26,509 26,543 27,129 27,371 27,975
Total Long-Term Debt		 0.00 24,469 24,837 24,510 25,124 26,337 26,509 26,543 27,129 27,371 27,975
Net Debt		 22,632 23,608 23,973 23,636 24,341 25,448 25,764 25,620 26,287 26,347 26,927
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 23,501 24,469 24,837 24,510 25,124 26,337 26,509 26,543 27,129 27,371 27,975
Total Depreciation and Amortization (D&A)		 5.82 6.08 7.88 -0.44 3.95 3.00 4.29 12 -5.74 -13 13
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.21 $3.39 $3.73 $3.73 $4.74 $3.77 $4.33 $3.71 $3.89 $4.66 $4.04
Adjusted Weighted Average Basic Shares Outstanding		 10.80M 10.80M 10.83M 10.84M 10.84M 10.85M 10.88M 10.88M 10.89M 10.89M 10.93M
Adjusted Diluted Earnings per Share		 $3.18 $3.36 $3.69 $3.70 $4.69 $3.73 $4.28 $3.68 $3.86 $4.62 $4.01
Adjusted Weighted Average Diluted Shares Outstanding		 10.80M 10.80M 10.83M 10.84M 10.84M 10.85M 10.88M 10.88M 10.89M 10.89M 10.93M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 10.80M 10.80M 10.83M 10.84M 10.84M 10.85M 10.88M 10.88M 10.89M 10.89M 10.93M
Normalized Net Operating Profit after Tax (NOPAT)		 41 43 47 47 58 48 54 47 50 57 50
Normalized NOPAT Margin		 57.49% 54.92% 55.72% 55.84% 59.84% 56.06% 57.37% 52.42% 55.08% 55.81% 52.64%
Pre Tax Income Margin		 72.25% 69.85% 71.26% 70.12% 75.40% 71.11% 72.85% 65.90% 68.81% 67.54% 66.93%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.41 0.28 0.25 0.22 0.25 0.22 0.22 0.19 0.19 0.23 0.22
NOPAT to Interest Expense		 0.33 0.22 0.20 0.18 0.20 0.18 0.17 0.15 0.16 0.19 0.17
EBIT Less CapEx to Interest Expense		 0.41 0.28 0.25 0.22 0.25 0.22 0.22 0.19 0.19 0.23 0.22
NOPAT Less CapEx to Interest Expense		 0.33 0.22 0.20 0.18 0.20 0.18 0.17 0.15 0.16 0.19 0.17
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 39.41% 38.27% 40.19% 39.92% 37.36% 37.41% 37.79% 39.41% 42.75% 41.53% 42.39%
Augmented Payout Ratio		 39.41% 38.27% 40.19% 39.92% 37.36% 37.41% 37.79% 39.41% 42.75% 41.53% 42.39%

Financials Breakdown Chart

Key Financial Trends

Federal Agricultural Mortgage Corp (NYSE: AGM.A) has demonstrated steady financial performance over the last several quarters and years, with moderate growth in key income and asset metrics alongside controlled expenses and capital management. Below is an analysis of salient trends and factors from Q1 2022 through Q1 2025.

  • Consistent Growth in Net Interest Income: Net interest income has steadily increased from approximately $67.9 million in Q3 2022 to $90.9 million in Q1 2025, reflecting effective interest margin management. For example, Q1 2025 net interest income of $90.9 million increased from $86.4 million in Q1 2024.
  • Increasing Loan and Lease Interest Income: Loans and leases interest income rose from $97.5 million in Q3 2022 to about $171.8 million by Q1 2025, supporting revenue growth and showing expansion in agricultural lending.
  • Rising Total Assets: Total assets grew from $26.4 billion in Q3 2022 to $31.8 billion in Q1 2025, indicating balance sheet expansion and increased lending and investment capacity.
  • Stable Common Equity Growth: Total common equity progressed from around $748 million in Q3 2022 to $1.1 billion in Q1 2025, suggesting strong capital base growth supporting asset expansion.
  • Strong Earnings Growth: Net income attributable to common shareholders increased from approximately $34.6 million in Q1 2022 to $43.9 million in Q1 2025, with basic EPS improving from $3.21 to $4.04 over the same time frame, offering value to shareholders.
  • Effective Credit Loss Provisioning: Provision for credit losses has generally remained low relative to total assets and revenue, with some volatility but no major spikes, indicating stable credit quality in the loan portfolio.
  • Fluctuating Non-Interest Income: Non-interest income items such as investment banking and capital gains/losses have experienced variability, including some quarters with unrealized capital losses, but their impact on total revenue remains modest.
  • Investment Securities Management: The company actively purchases and sells investment securities; cash flow statements show significant activity here, reflecting ongoing portfolio management strategy.
  • Increased Interest Expense: Interest expense rose from $125.9 million in Q3 2022 to $290.5 million in Q1 2025, partially offsetting interest income gains, likely due to rising long-term debt.
  • Rising Long-Term Debt: Long-term debt increased from about $25.1 billion in Q3 2022 to nearly $28.0 billion in Q1 2025, which may increase financial leverage and interest expense risk over time.

Overall, Federal Agricultural Mortgage Corp has shown a healthy progression in core banking operations with rising interest income and expanding asset base. The company manages credit risk well and continues to produce solid earnings growth and shareholder returns. However, the increase in leverage and associated interest expense should be monitored as potential areas of risk if interest rates or credit conditions deteriorate.

09/20/25 12:47 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Federal Agricultural Mortgage's Financials

When does Federal Agricultural Mortgage's fiscal year end?

According to the most recent income statement we have on file, Federal Agricultural Mortgage's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Federal Agricultural Mortgage's net income changed over the last 10 years?

Federal Agricultural Mortgage's net income appears to be on an upward trend, with a most recent value of $207.19 million in 2024, rising from $70.28 million in 2014. The previous period was $200.00 million in 2023. Find out what analysts predict for Federal Agricultural Mortgage in the coming months.

How has Federal Agricultural Mortgage's revenue changed over the last 10 years?

Over the last 10 years, Federal Agricultural Mortgage's total revenue changed from $103.64 million in 2014 to $375.26 million in 2024, a change of 262.1%.

How much debt does Federal Agricultural Mortgage have?

Federal Agricultural Mortgage's total liabilities were at $29.84 billion at the end of 2024, a 6.1% increase from 2023, and a 120.9% increase since 2014.

How much cash does Federal Agricultural Mortgage have?

In the past 10 years, Federal Agricultural Mortgage's cash and equivalents has ranged from $265.23 million in 2016 to $1.36 billion in 2014, and is currently $1.02 billion as of their latest financial filing in 2024.

How has Federal Agricultural Mortgage's book value per share changed over the last 10 years?

Over the last 10 years, Federal Agricultural Mortgage's book value per share changed from 31.23 in 2014 to 99.02 in 2024, a change of 217.0%.


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This page (NYSE:AGM) was last updated on 9/19/2025 by MarketBeat.com Staff
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