Federal Agricultural Mortgage Corporation

Federal Agricultural Mortgage Corporation

AGM-PC
Federal Agricultural Mortgage CorporationUS flagNew York Stock Exchange
348.71
USD
+72.64
- -
9.77BMarket Cap
Federal Agricultural Mortgage Corporation
AGM-PC
(New York Stock Exchange)

Recent

price

348.71

P/E

ratio

- -

div

yld

- -

ROIC.AI

2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
TTM
FRC
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Tangible Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic Weighted Avg Shares
-20
189
101
74
126
162
104
146
161
175
186
194
207
244
309
351
366
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
79
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
-150
100
32
17
47
75
48
69
77
84
108
110
109
136
178
200
207
Net Income, GAAP
- -
34.52
20.75
12.98
24.32
25.71
3.86
31.68
35.24
35.48
20.54
20.99
20.94
21.09
21.06
20.98
20.88
Effective Tax Rate (%)
757.73
52.79
31.67
22.54
37.21
46.38
46.4
47.07
48.11
48.23
58.05
56.44
52.51
55.85
57.63
56.93
56.51
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
943
1,957
4,288
4,806
5,202
5,263
5,895
5,681
6,366
8,838
10,016
20,715
23,173
16,753
18,148
19,851
19,432
LT Debt
15
196
479
555
593
574
782
554
644
708
753
799
992
1,214
1,272
1,412
1,501
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
56.07
20.57
47.23
49.08
19.53
24.46
24.29
23.02
25.74
21.93
18.39
19.9
23.07
22.39
21.65
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
8,087
- -
9,049
LT Borrowings
19,851
27,834
19,432
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
485
485
485
Shares Outstanding
11
11
11
Market Capitalization
- -
- -
- -

Working Capital

FRC

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
11,340
11,220
11,571
Accounts Receivable, Net
287
245
286
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
259
278
319
ST Debt
8,087
- -
9,049
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.79%
13.69%
11%
Free Cash Flow
-27.94%
-51.92%
-53.56%
Net Income, GAAP
12.54%
13.79%
12.27%
Sales/Revenue/Turnover
9.92%
13.83%
13.66%
Total Cash Common Dividend
28.93%
14.1%
16.21%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
87
71
72
79
309
2023
85
85
97
85
351
2024
94
90
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
Business
Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for agricultural real estate and rural infrastructure loans in the United States. Incorporated in 1987 and commencing operations in 1988, the company is headquartered in Washington, DC, and operates as a stockholder-owned, federally chartered corporation. It purchases eligible loans from lenders, securitizes them into mortgage-backed securities such as agricultural mortgage-backed securities (AMBS), guarantees timely principal and interest payments on those securities, services loans, and issues long-term standby purchase commitments. Farmer Mac conducts business through segments including Farm & Ranch, which involves first-lien agricultural real estate mortgages; USDA Guarantees, covering portions of USDA-guaranteed agricultural and rural development loans; Rural Utilities, encompassing loans for electric, telecommunications, and broadband infrastructure to cooperatives; Corporate AgFinance; Funding; Investments; Power & Utilities; Broadband Infrastructure; and Renewable Energy. The Institutional Credit segment guarantees obligations secured by pools of eligible loans across these lines. It targets agricultural lenders, Farm Credit System institutions, rural utilities cooperatives, and financial institutions serving small and family-owned farms, which comprise 96% or more of its Farm & Ranch and USDA guaranteed loans. Recent developments include the completion of a $313.5 million securitization of 343 agricultural mortgage loans in December 2025, marking the seventh such transaction and featuring a $290 million senior tranche guaranteed by Farmer Mac and a $23.5 million subordinate tranche. The company declared a fourth quarter 2025 dividend of $1.50 per share and anticipates launching a new product in 2026 to support investor demand for agricultural assets while aligning with its mission. Farmer Mac plans approximately $300 million in targeted farm securitizations for 2025 amid growth in renewable energy financing.