SequelSEC

FEDERAL AGRICULTURAL MORTGAGE CORP AGM

Federal & Federally-Sponsored Credit Agencies · CIK 0000845877 · Fiscal year ends 1231 · Bank

AnnualQuarterlyTTM
Revenue
Unavailable
Fiscal year ended 2026-06-30
Net income
$66.95M
Fiscal year ended 2026-06-30
Total assets
$39.29B
Fiscal year ended 2026-06-30

Valuation, from the filing

Public float$1.90BMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float / net income9.2×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity1.1×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

Valuation over time

9.2× earnings today, against a median of 7.1× across 10 years on record. Above its own history.

Float measuredPublic floatFloat / net income
2025-06-30$1.90B9.2×
2024-06-30$1.75B8.5×
2023-06-30$1.40B7.0×
2022-06-30$958.73M5.4×
2021-06-30$966.37M7.1×
2020-06-30$589.00M5.1×
2019-06-30$639.48M5.8×
2018-06-30$787.71M7.3×
2017-06-30$643.06M7.6×
2016-06-30$338.73M4.4×

Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.

FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) reported net income of $66.95M for the fiscal year ended 2026-06-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from FEDERAL AGRICULTURAL MORTGAGE CORP’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Federal & Federally-Sponsored Credit Agencies.

Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.

Income

FEDERAL AGRICULTURAL MORTGAGE CORP income by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-31
RevenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating incomeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Net income$66.95MUnavailable$47.92M$55.00MUnavailableUnavailable$56.51M$49.83MUnavailableUnavailable
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 10.88MUnavailableUnavailableshares 10.97MUnavailableUnavailableUnavailableshares 10.97MUnavailableUnavailable
Pretax income$81.84MUnavailable$60.46M$66.69MUnavailableUnavailable$68.39M$62.25MUnavailableUnavailable
Income tax expense$14.88MUnavailable$12.54M$11.69MUnavailableUnavailable$11.88M$12.42MUnavailableUnavailable
Diluted EPS$5.41UnavailableUnavailable$4.44UnavailableUnavailableUnavailable$3.86UnavailableUnavailable
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrative$11.59MUnavailable$11.94M$11.05MUnavailableUnavailable$12.45M$8.62MUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

FEDERAL AGRICULTURAL MORTGAGE CORP balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-31
Cash & equivalentsUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable$842.06MUnavailableUnavailable
Total assets$39.29BUnavailable$35.37B$33.38BUnavailableUnavailable$31.32B$30.62BUnavailableUnavailable
Current assetsUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total liabilities$37.44BUnavailable$33.65B$31.69BUnavailableUnavailable$29.84B$29.15BUnavailableUnavailable
Current liabilitiesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total equity incl. NCI$1.85BUnavailable$1.72B$1.69BUnavailableUnavailable$1.49B$1.46BUnavailableUnavailable
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
GoodwillUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt$21.86BUnavailable$30.82B$19.06BUnavailableUnavailable$27.52B$17.25BUnavailableUnavailable
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

FEDERAL AGRICULTURAL MORTGAGE CORP cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-31
Operating cash flow$40.40MUnavailable$103.41M$74.19MUnavailableUnavailable$367.53M-$44.35MUnavailableUnavailable
Capital expendituresUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Investing cash flow-$2.29BUnavailable-$1.90B-$528.24MUnavailableUnavailable-$782.94M-$265.68MUnavailableUnavailable
Financing cash flow$2.51BUnavailable$1.83B$324.74MUnavailableUnavailable$597.36M$229.12MUnavailableUnavailable
Net change in cash$264.16MUnavailable$30.04M-$129.31MUnavailableUnavailable$181.95M-$80.90MUnavailableUnavailable
Stock-based compensation$2.32MUnavailable$1.71M$1.36MUnavailableUnavailable$1.56M$1.49MUnavailableUnavailable
Common dividends paid$24.65MUnavailable$22.89M$22.07MUnavailableUnavailable$20.00M$22.05MUnavailableUnavailable
Common share repurchases$0UnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortizationUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Derived

FEDERAL AGRICULTURAL MORTGAGE CORP derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-31
Free cash flowUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
FCF marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
SBC / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Current ratioUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Revenue YoY growthUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Net marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt / equity11.79xUnavailable17.93x11.30xUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate18.2%Unavailable20.7%17.5%UnavailableUnavailable17.4%20.0%UnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open AGM in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-07-30View SEC filing
10-Q · Filed 2026-05-05View SEC filing
10-K · Filed 2026-02-19View SEC filing
10-Q · Filed 2025-11-03View SEC filing
10-Q · Filed 2025-08-07View SEC filing
10-Q · Filed 2025-05-09View SEC filing

Companies in the same industry

FMCC FNMA

Reconciliation checks needing review

14 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

gross profit bridgeinconsistent2026-03-31

Withheld: cost revenue, revenue could not be reconciled with the rest of this filer’s statement.

balance equationinconsistent2026-03-31

Withheld: assets, equity, liabilities could not be reconciled with the rest of this filer’s statement.

balance equationinconsistent2025-06-30

Withheld: assets, equity, liabilities could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2025-06-30

Withheld: cost revenue, revenue could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2025-03-31

Withheld: cost revenue, revenue could not be reconciled with the rest of this filer’s statement.

balance equationinconsistent2025-03-31

Withheld: assets, equity, liabilities could not be reconciled with the rest of this filer’s statement.

balance equationinconsistent2024-06-30

Withheld: assets, equity, liabilities could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2024-06-30

Withheld: cost revenue, revenue could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2024-03-31

Withheld: cost revenue, revenue could not be reconciled with the rest of this filer’s statement.

balance equationinconsistent2024-03-31

Withheld: assets, equity, liabilities could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2023-06-30

Withheld: cost revenue, revenue could not be reconciled with the rest of this filer’s statement.

balance equationinconsistent2023-06-30

Withheld: assets, equity, liabilities could not be reconciled with the rest of this filer’s statement.