Federal Agricultural Mortgage Corporation

Federal Agricultural Mortgage Corporation

AGM-PD · NYSE · Financial Services / Credit Services

17.42USD-0.08 (-0.47%)

Price History

Full chart

Market Stats

Previous Close17.50
Open17.50
Day Range17.23 – 17.50
52-Week Range19.66 – 22.32
Volume14.75K
Market Cap608.03M
P/E (TTM)1.78
Forward P/E0.00
EPS11.11
Dividend Yield6.94%
Beta0.99
50-Day Avg21.11
200-Day Avg21.08

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 Revenue18.50M30.80M30.30M34.70M34.70M73.00M93.00M129.09M182.46M153.75M134.11M130.83M97.14M141.88M209.24M253.52M181.51M93.44M144.56M151.03M144.56M137.72M167.55M2.41M172.63M244.64M370.18M475.46M321.00M201.83M446.71M1.07B1.26B929.77M
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-93.82M242.70M78.41M56.49M110.76M246.36M221.63M241.96M291.02M373.74M505.87M138.65M137.43M172.59M226.40M253.10M258.10M255.72M
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%71.44%66.43%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-----------------------00.350.320.270.230.280.40.430.35--
R&D as % of Total Revenue-----------------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
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 Expenditure100.00K0000100.00K00071.00K161.00K126.00K000000000000000000005.27M0
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, 1998Apr 19, 1999Jul 30, 1999Jan 20, 2000Apr 20, 2000Jul 20, 2000Oct 19, 2000Jan 18, 2001Apr 20, 2001Jul 20, 2001Jan 23, 2002Apr 18, 2002Jul 18, 2002Oct 22, 2002Jan 23, 2003Apr 28, 2004Jul 29, 2004Oct 27, 2004Jan 26, 2005Apr 28, 2005Aug 9, 2005Mar 16, 2010May 10, 2010Nov 9, 2010May 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, 2020
EPS Estimate0.000.060.060.120.150.160.100.110.150.170.180.210.210.230.260.280.390.440.460.490.500.500.510.450.460.460.440.930.950.121.051.111.091.081.131.071.141.161.161.020.980.730.781.081.051.161.151.141.201.281.291.371.461.511.942.052.031.982.062.072.212.062.24
EPS Actual0.000.030.040.040.050.160.100.150.150.170.210.220.240.250.250.320.430.440.480.490.500.480.510.440.820.530.520.530.170.562.04-0.411.491.221.452.481.051.360.972.050.820.840.801.021.171.171.121.231.361.301.451.481.571.652.031.952.081.902.062.202.172.271.87
Surprise--50.00%-33.33%-66.67%-66.67%0.00%0.00%36.36%0.00%0.00%16.67%4.76%14.29%8.70%-3.85%14.29%10.26%0.00%4.35%0.00%0.00%-4.00%0.00%-2.22%78.26%15.22%18.18%-43.01%-82.11%366.67%94.29%-136.94%36.70%12.96%28.32%131.78%-7.89%17.24%-16.38%100.98%-16.33%15.07%2.56%-5.56%11.43%0.86%-2.61%7.89%13.33%1.56%12.40%8.03%7.53%9.27%4.64%-4.88%2.46%-4.04%0.00%6.28%-1.81%10.19%-16.52%
Timing----------------------------------------Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap608.03M
Enterprise Value36.75B
Trailing P/E1.78
Forward P/E0.00
Price / Sales1.63
Price / Book0.00
EPS11.11
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 Outstanding10.67M
Shares Float10.20M
Beta0.99
Dividend Yield6.94%
Dividend Rate1.43
Payout Ratio0.00%

Ownership Breakdown

Institutions
6.28%
Insiders
0.00%
Retail / Other
93.72%

Top Institutional Holders

  • Thompson Investment Management LLC
    2.00K0.00%

Dividends

20264×
0.36Oct 1, 20260.36Jul 1, 20260.36Apr 1, 20260.36Jan 2, 2026
20254×
0.36Oct 1, 20250.36Jul 1, 20250.36Apr 1, 20250.36Jan 2, 2025
20243×
0.36Oct 1, 20240.36Jul 2, 20240.36Mar 28, 2024
20234×
0.36Dec 29, 20230.36Sep 29, 20230.36Jun 30, 20230.36Mar 31, 2023
20224×
0.36Dec 30, 20220.36Sep 30, 20220.36Jun 30, 20220.36Mar 31, 2022
20214×
0.36Dec 31, 20210.36Sep 30, 20210.36Jul 1, 20210.36Mar 31, 2021
20201×
0.36Dec 31, 2020