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Federal Agricultural Mortgage Corporation

Federal Agricultural Mortgage Corporation

AGM · NYSE · Financial Services / Credit Services

177.50USD+2.26 (+1.29%)

Price History

Full chart

Market Stats

Previous Close175.24
Open177.31
Day Range174.00 – 177.85
52-Week Range134.41 – 246.53
Volume83.50K
Market Cap2.37B
P/E (TTM)11.88
Forward P/E9.37
EPS18.42
Dividend Yield2.90%
Beta0.99
50-Day Avg222.55
200-Day Avg185.05

About

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through seven segments: Farm & Ranch, Corporate AgFinance, Power & Utilities, Broadband Infrastructure, Renewable Energy, Funding, and Investments. The Farm & Ranch segment includes the USDA Securities portfolio, Farm & Ranch loans, and AgVantage securities secured by Farm & Ranch loans. The Corporate AgFinance segment includes loans and AgVantage securities to larger and more complex farming operations, agribusinesses focused on food and fiber processing, and other supply chain production. The Power & Utilities segment includes loans to rural electric generation and transmission cooperatives and distribution cooperatives, as well as AgVantage securities secured by those types of loans. The Broadband Infrastructure segment includes loans to rural fiber, cable/broadband, tower, wireless, local exchange carrier, and data center projects. The Renewable Energy segment includes rural electric, solar, wind, and gas projects. The Funding segment includes debt issuance, hedging, asset/liability management, and capital allocation. The Investments segment includes an investment portfolio, which is held for liquidity purposes. The company is involved in a line of agricultural finance business, including purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in, or obligations secured by pools of eligible loans; servicing eligible loans; and issuing long-term standby purchase commitments for designated eligible loans. Federal Agricultural Mortgage Corporation was incorporated in 1987 and is headquartered in Washington, District Of Columbia.

Company Details

  • SectorFinancial Services
  • IndustryCredit Services
  • CEOMr. Zachary N. Carpenter
  • Employees212
  • Headquarters2100 Pennsylvania Avenue NW, Washington, DC, United States, 20037, USA
  • Websitehttps://www.farmermac.com

Leadership

  • Mr. Zachary N. CarpenterPresident & CEO · b. 1982
  • Mr. Matthew Michael PullinsExecutive VP, CFO & Treasurer · b. 1979
  • Ms. Geraldine Idrizi Hayhurst J.D.Executive VP, Chief Legal Officer & Secretary · b. 1974
  • Mr. Brian M. BrinchExecutive VP & Chief Risk Officer · b. 1978
  • Mr. Robert J. MainesExecutive VP & Chief Operations Officer · b. 1969
  • Ms. Mandy M. TalanMD, Principal Accounting Officer & Corporate Controller · b. 1981
  • Mr. Sean T. DatcherSenior VP & Chief Information Officer · b. 1966
  • Ms. Jalpa NazarethSenior Director of Investor Relations & Finance Strategy
  • Michelle NicholsSenior Director of Governance, Risk & Compliance
  • Ms. Lisa MeyerVice President of Marketing & Corporate Communications

Financials

Income Statement

Currency: USD1992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue21.10M33.80M32.90M37.70M40.20M85.40M108.90M147.99M207.50M195.79M185.44M185.59M174.39M225.76M277.03M284.55M147.14M188.66M243.69M227.30M268.40M162.43M103.64M145.95M160.74M175.16M186.18M194.08M206.89M447.70M755.02M1.42B1.62B1.32B
Growth (%)-+60.19%-2.66%+14.59%+6.63%+112.44%+27.52%+35.90%+40.21%-5.64%-5.29%+0.08%-6.03%+29.46%+22.71%+2.71%-48.29%+28.22%+29.17%-6.72%+18.09%-39.48%-36.20%+40.83%+10.14%+8.97%+6.29%+4.24%+6.60%+116.40%+68.64%+87.56%+14.74%-18.86%
Cost of Revenue18.50M30.80M30.30M34.70M34.70M73.00M93.00M129.09M182.46M153.75M134.11M130.83M97.14M141.88M209.24M253.52M181.51M32.55M144.56M151.03M144.56M32.63M30.53M124.94M156.76M228.77M355.87M458.29M300.40M201.83M446.71M1.07B1.26B929.77M
Gross Profit2.60M3.00M2.60M3.00M5.50M12.40M15.90M18.90M25.04M42.04M51.33M54.76M77.25M83.88M67.80M31.02M-34.38M188.66M99.12M76.26M123.84M162.43M103.64M145.95M160.74M175.16M186.18M194.08M206.89M245.88M308.31M350.20M363.69M388.56M
Gross Margin12.32%8.88%7.90%7.96%13.68%14.52%14.60%12.77%12.07%21.47%27.68%29.51%44.30%37.15%24.47%10.90%-23.36%100.00%40.68%33.55%46.14%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%54.92%40.83%24.73%22.38%29.47%
Operating Expense-14.60M-27.10M-26.40M-31.10M-30.00M7.70M9.40M8.31M8.85M16.62M18.77M15.18M16.26M11.52M23.09M26.69M138.85M-54.05M32.63M31.62M32.72M-83.92M-118.00M-96.01M-130.28M-198.58M-319.69M55.43M69.46M73.42M82.63M97.10M105.58M132.85M
Operating Income17.20M30.10M29.00M34.10M35.50M4.70M6.50M10.59M16.19M25.43M32.56M39.58M60.99M72.36M44.70M4.34M-173.23M242.70M66.50M44.65M91.12M246.36M221.63M241.96M291.02M373.74M505.87M138.65M137.43M172.46M225.68M253.10M258.10M255.72M
Operating Margin81.52%89.05%88.15%90.45%88.31%5.50%5.97%7.16%7.80%12.99%17.56%21.33%34.97%32.05%16.14%1.52%-117.73%128.65%27.29%19.64%33.95%151.67%213.86%165.78%181.05%213.37%271.72%71.44%66.43%38.52%29.89%17.87%15.88%19.40%
EBITDA4.80M11.80M8.60M14.50M14.30M54.60M78.30M102.79M144.11M107.13M81.27M75.18M95.74M140.87M172.18M135.52M-93.82M242.70M78.41M56.49M110.76M246.36M221.63M241.96M291.02M373.74M505.87M128.25M145.78M172.59M226.40M253.10M258.10M255.72M
EBITDA Margin22.75%34.91%26.14%38.46%35.57%63.93%71.90%69.46%69.45%54.72%43.83%40.51%54.90%62.40%62.15%47.63%-63.77%128.65%32.18%24.85%41.27%151.67%213.86%165.78%181.05%213.37%271.72%66.08%70.46%38.55%29.99%17.87%15.88%19.40%
Net Income-1.30M-700.00K-1.30M-600.00K800.00K4.60M5.70M6.90M10.44M16.28M22.75M27.27M41.24M49.27M32.01M6.66M-150.36M99.60M31.99M16.66M46.77M75.33M48.09M68.70M77.33M84.48M108.08M109.55M108.65M136.09M178.14M200.00M207.19M207.39M
Net Income Margin-6.16%-2.07%-3.95%-1.59%1.99%5.39%5.23%4.66%5.03%8.32%12.27%14.69%23.65%21.82%11.56%2.34%-102.19%52.79%13.13%7.33%17.43%46.38%46.40%47.07%48.11%48.23%58.05%56.44%52.51%30.40%23.59%14.12%12.75%15.73%
R&D-------------------000000.350.320.270.230.280.40.430.35--
R&D as % of Total Revenue-------------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense18.50M30.80M30.30M34.70M34.70M73.00M93.00M125.42M177.72M153.15M132.77M124.31M95.55M141.94M211.63M253.31M166.98M90.58M142.67M153.38M142.69M137.28M170.72M139.02M171.63M242.88M369.85M471.96M312.95M204.01M445.91M1.06B1.25B909.56M
Interest Expense % of Total Revenue87.68%91.12%92.10%92.04%86.32%85.48%85.40%84.75%85.65%78.22%71.60%66.98%54.79%62.87%76.39%89.02%113.49%48.02%58.55%67.48%53.16%84.51%164.73%95.25%106.77%138.67%198.66%243.18%151.26%45.57%59.06%75.19%76.91%68.99%

Balance Sheet

Currency: USD1992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets514.30M525.30M477.20M512.50M602.80M1.35B1.94B2.59B3.16B3.42B4.22B4.30B3.85B4.34B4.95B4.98B5.11B6.14B9.48B9.48B12.62B13.36B14.29B15.54B15.61B17.79B18.69B21.71B24.36B25.12B27.33B29.52B31.32B35.51B
Total Liabilities500.10M511.70M465.00M500.80M555.60M1.27B1.85B2.50B3.03B3.28B4.04B4.09B3.61B4.09B4.71B4.75B4.95B5.82B9.00B9.00B12.03B12.79B13.51B14.99B14.96B17.08B17.94B20.91B23.36B23.91B26.06B28.11B29.84B33.79B
Total Equity14.20M13.60M12.20M11.70M47.20M75.10M80.90M87.10M132.66M134.44M183.57M213.25M236.85M248.13M248.49M223.59M15.35M196.19M237.02M237.02M351.11M332.62M545.80M553.52M643.42M708.15M752.56M799.28M992.48M1.21B1.27B1.41B1.49B1.72B
Cash1.80M1.10M200.00K8.30M68.90M177.60M540.60M336.30M537.87M437.83M723.80M623.67M430.50M458.85M877.71M101.44M278.41M654.79M729.92M817.05M785.56M749.31M1.36B1.21B265.23M302.02M425.26M604.38M1.03B908.78M861.00M883.60M1.01B931.07M
Total Debt490.50M502.50M456.50M491.50M546.30M1.26B1.84B2.47B2.97B3.20B3.88B3.94B3.48B3.99B4.59B4.57B4.65B5.62B8.80B10.92B11.77B12.60B13.25B14.79B14.81B16.93B17.77B29.14B23.17B23.70B25.65B27.69B29.30B30.82B
Net Debt488.70M501.40M456.30M483.20M477.40M1.08B1.30B2.14B2.43B2.76B3.16B3.31B3.05B3.53B3.72B4.47B4.37B4.97B8.07B10.10B10.98B11.85B11.89B13.58B14.54B16.63B17.35B20.11B22.14B22.79B24.79B26.80B28.29B29.89B

Cash Flow

Currency: USD1992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-3.10M12.20M7.40M9.20M4.60M16.80M72.00M85.30M134.28M132.72M43.08M68.61M87.61M-6.97M116.08M107.68M-19.02M31.11M-484.20M26.82M33.30M313.99M155.05M184.35M208.59M175.01M200.03M-19.70M-94.55M436.41M809.27M375.80M612.65M80.06M
Investing Cash Flow-435.30M-23.60M42.60M-99.40M-22.50M-596.30M-222.30M-835.40M-305.01M-379.19M-421.74M-193.45M213.19M-387.18M-146.48M-705.87M87.05M-597.46M-1.69B-2.00B-1.33B-995.09M-83.66M-1.25B-593.41M-1.85B-599.21M-2.38B-1.74B-1.10B-3.04B-1.96B-1.68B-3.81B
Financing Cash Flow439.50M10.70M-51.00M25.40M78.50M688.20M513.20M545.80M372.32M146.43M664.63M24.71M-493.98M422.50M449.25M-178.09M108.94M942.73M2.25B2.07B1.26B644.85M542.68M912.88M-560.03M1.71B522.41M2.58B2.26B534.63M2.19B1.61B1.21B3.64B
Capital Expenditure100.00K0000100.00K00071.00K161.00K126.00K000000002.06M4.04M1.93M1.00K295.00K8.10M116.00K000005.27M0
Free Cash Flow-3.20M12.20M7.40M9.20M4.60M16.70M72.00M85.30M134.28M89.21M42.92M68.48M87.61M-6.97M116.08M107.68M-19.02M31.11M-484.20M26.82M33.30M313.99M155.05M184.35M208.59M175.01M200.03M-19.70M-94.55M436.41M809.27M375.80M607.37M80.06M
Dividends Paid----------1.46M2.24M3.42M6.76M6.57M6.36M7.73M19.33M26.82M4.95M7.08M7.98M14.00M20.18M24.07M28.44M37.91M43.89M50.65M61.31M68.17M74.82M86.05M89.04M
FCF to OCF103.23%100.00%100.00%100.00%100.00%99.40%100.00%100.00%100.00%67.22%99.63%99.82%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%99.14%100.00%
Dividend Paid to FCF----------3.39%3.27%3.91%-96.93%5.66%5.91%-40.65%62.13%-5.54%18.44%21.27%2.54%9.03%10.95%11.54%16.25%18.95%-222.82%-53.57%14.05%8.42%19.91%14.17%111.22%

Earnings

Report DateMar 7, 1997Apr 22, 1997Jul 22, 1997Jan 22, 1998May 5, 1998Aug 19, 1998Nov 18, 1998Dec 31, 1998Apr 19, 1999Jul 30, 1999Sep 30, 1999Jan 20, 2000Apr 19, 2000Jul 19, 2000Oct 18, 2000Jan 18, 2001Apr 19, 2001Jul 20, 2001Oct 19, 2001Jan 24, 2002Apr 19, 2002Jul 19, 2002Oct 22, 2002Jan 23, 2003Apr 24, 2003Jul 24, 2003Oct 23, 2003Jan 28, 2004Apr 28, 2004Jul 29, 2004Oct 27, 2004Jan 26, 2005Apr 28, 2005Aug 9, 2005Nov 9, 2005Mar 17, 2006May 10, 2006Aug 9, 2006Nov 9, 2006Mar 16, 2007May 11, 2007Aug 10, 2007Nov 9, 2007Mar 18, 2008May 13, 2008Aug 12, 2008Nov 11, 2008Mar 17, 2009May 12, 2009Aug 11, 2009Nov 10, 2009Mar 16, 2010May 10, 2010Aug 10, 2010Nov 9, 2010Mar 17, 2011May 10, 2011Aug 9, 2011Nov 9, 2011Mar 15, 2012May 10, 2012Aug 9, 2012Nov 8, 2012Mar 18, 2013May 9, 2013Aug 8, 2013Nov 12, 2013Mar 13, 2014May 12, 2014Aug 11, 2014Nov 10, 2014Mar 16, 2015May 11, 2015Aug 10, 2015Nov 9, 2015Mar 10, 2016May 10, 2016Aug 9, 2016Nov 9, 2016Mar 9, 2017May 10, 2017Aug 9, 2017Nov 9, 2017Mar 8, 2018May 10, 2018Aug 9, 2018Nov 8, 2018Feb 21, 2019May 2, 2019Aug 1, 2019Nov 6, 2019Feb 25, 2020May 11, 2020Aug 10, 2020Nov 9, 2020Feb 25, 2021May 6, 2021Aug 5, 2021Nov 8, 2021Feb 28, 2022May 9, 2022Aug 8, 2022Nov 7, 2022Feb 24, 2023May 9, 2023Aug 7, 2023Nov 6, 2023Feb 23, 2024May 6, 2024Aug 5, 2024Nov 4, 2024Feb 21, 2025May 9, 2025Aug 7, 2025Nov 3, 2025Feb 19, 2026May 5, 2026Jul 30, 2026Nov 2, 2026
EPS Estimate0.000.060.060.120.150.160.10-0.110.15-0.170.180.210.210.250.260.280.350.400.440.450.490.50----0.500.510.450.460.460.440.45----------------0.930.95-2.08-0.751.421.151.831.051.321.111.081.301.131.171.151.161.020.940.730.771.101.031.161.031.031.091.281.291.371.461.511.942.052.031.982.062.072.202.062.242.292.252.292.412.542.622.662.592.832.902.922.883.234.004.054.064.084.114.174.064.294.584.574.444.985.22
EPS Actual0.000.030.040.040.050.160.100.080.140.150.160.170.210.220.240.250.270.320.420.460.440.480.490.490.700.700.280.400.480.510.440.820.530.520.820.570.440.67-0.580.700.371.74-0.82-0.90-0.842.13-10.55-6.033.312.491.740.530.170.170.741.160.850.941.041.162.041.171.221.221.011.481.051.360.972.050.820.840.801.021.171.171.121.231.361.301.451.481.571.652.031.802.081.902.062.202.172.271.872.452.572.452.392.772.242.762.372.833.073.163.563.864.134.103.963.634.103.974.194.324.443.664.745.40-
Surprise--50.00%-33.33%-66.67%-66.67%0.00%0.00%-27.27%0.00%-0.00%16.67%4.76%14.29%0.00%3.85%14.29%20.00%15.00%0.00%6.67%0.00%-2.00%-----4.00%0.00%-2.22%78.26%15.22%18.18%82.22%-----------------43.01%-82.11%--64.42%-13.33%-33.80%-9.57%-36.61%94.29%-11.36%9.91%12.96%-22.31%30.97%-10.26%18.26%-16.38%100.98%-12.77%15.07%3.90%-7.27%13.59%0.86%8.74%19.42%24.77%1.56%12.40%8.03%7.53%9.27%4.64%-12.20%2.46%-4.04%0.00%6.28%-1.36%10.19%-16.52%6.99%14.22%6.99%-0.83%9.06%-14.50%3.76%-8.49%0.00%5.86%8.22%23.61%19.50%3.25%1.23%-2.46%-11.03%-0.24%-4.87%3.20%0.70%-3.06%-19.91%6.76%8.43%-
Timing--------After-hours--After-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hours----After-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-------------------After-hours-After-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hours-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketAfter-hoursAfter-hours-After-hoursAfter-hours-

Key Statistics & Ratios

Market Cap2.37B
Enterprise Value38.91B
Trailing P/E11.88
Forward P/E9.37
PEG Ratio0.72
Price / Sales5.81
Price / Book1.89
EPS18.42
Book Value115.18
Revenue (TTM)408.69M
Gross Profit (TTM)408.69M
Profit Margin56.03%
Operating Margin69.73%
Return on Equity13.48%
Return on Assets0.63%
Shares Outstanding9.32M
Shares Float10.20M
Beta0.99
Dividend Yield2.90%
Dividend Rate6.30
Payout Ratio34.54%

Analyst Ratings

Buy
Based on 2 analystsTarget 257.00
  • Strong Buy
    1
  • Hold
    1

Ownership Breakdown

Institutions
88.44%
Insiders
1.69%
Retail / Other
9.87%

Top Institutional Holders

  • BlackRock Inc
    737.48K6.79%
  • Dimensional Fund Advisors, Inc.
    449.73K4.14%
  • Thrivent Financial For Lutherans
    439.07K4.05%
  • Vanguard Capital Management, LLC
    396.97K3.66%
  • American Century Companies Inc
    349.13K3.22%
  • Principal Financial Group Inc
    345.94K3.19%
  • Wellington Management Company LLP
    327.88K3.02%
  • Charles Schwab Investment Management Inc
    323.59K2.98%
  • Boston Partners Global Investors, Inc
    290.60K2.68%
  • Capital World Investors
    283.50K2.61%
  • CapTrust Financial Advisors
    266.27K2.45%
  • Copeland Capital Management, LLC
    229.81K2.12%
  • Geode Capital Management, LLC
    229.61K2.12%
  • Loomis, Sayles & Company LP
    225.45K2.08%

Top Fund Holders

  • Avantis US Small Cap Value ETF
    305.20K2.81%
  • Vanguard MStar Total Stk Mkt Idx Invest
    282.17K2.60%
  • American Funds SMALLCAP World A
    275.77K2.54%
  • Thrivent Small Cap Stock A
    257.22K2.37%
  • Schwab US Dividend Equity ETF™
    254.51K2.35%
  • iShares Russell 2000 ETF
    246.16K2.27%

Dividends

20263×
1.60Sep 15, 20261.60Jun 15, 20261.60Mar 16, 2026
20254×
1.50Dec 15, 20251.50Sep 15, 20251.50Jun 16, 20251.50Mar 14, 2025
20244×
1.40Dec 16, 20241.40Sep 16, 20241.40Jun 14, 20241.40Mar 14, 2024
20234×
1.10Dec 14, 20231.10Sep 14, 20231.10Jun 15, 20231.10Mar 15, 2023
20224×
0.95Dec 14, 20220.95Sep 14, 20220.95Jun 14, 20220.95Mar 15, 2022
20214×
0.88Dec 14, 20210.88Sep 14, 20210.88Jun 14, 20210.88Mar 15, 2021
20201×
0.80Dec 14, 2020

Stock Splits

  • Aug 2, 19993:1