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Government-sponsored enterprise providing secondary-market liquidity for agricultural real estate and rural infrastructure loans.
Government-sponsored enterprise providing secondary-market liquidity for agricultural real estate and rural infrastructure loans.
Funds itself by selling agency-style debt at low rates thanks to its government-sponsored status, then holds farm and rural utility loans and earns the spread, or earns guarantee fees on loans whose credit risk it keeps. Its voting shares are held by banks and Farm Credit institutions; the Class C shares are the public ones.
Moat: wide (regulatory licence). Congressionally chartered GSE with a statutory role in agricultural loan secondary markets.
Headquarters: Washington, DC, US · Founded: 1988 · Employees: 212
Size Federal Agricultural Mortgage (AGM) is a United States Financials company (Finance/Rental/Leasing) with a market value of $1.90B, the 1832nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $180.20 on 6 Nov 2026.
Performance Over six months the shares fell 0.4%, against -7.4% for the median peer and -1.1% for the United States market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 31.2% over the last twelve months (peer median +13.1%); the operating margin is 89.8% (peer median 10.6%).
Valuation It trades at 1.56× book value against a peer median of 1.86× (9th cheapest of 21).
Price implies The share price implies a return on equity of about 14.0%; Federal Agricultural Mortgage delivers 13.5%, so the price asks more than the business earns today.
Credit Federal Agricultural Mortgage has 2 bonds outstanding ($0).
Short interest Short interest is 4.7% of the free float (15 Oct 2026).
Next results Next results expected around 19 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.31B | $1.10B | $901M | $714M | $524M |
| Revenue growth | — | +22% | +26% | +36% | — |
| Gross profit | $1.31B | $1.10B | $901M | $714M | $524M |
| EBITDA | $1.21B | $988M | $811M | $617M | $461M |
| Net income | $229M | $207M | $207M | $200M | $178M |
| Free cash flow | $310M | $80.1M | $607M | $376M | $809M |
| Capital expenditure | $0 | $0 | $5.27M | $0 | $0 |
| Total debt | $34.7B | $30.8B | $27.4B | $26.3B | $24.5B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AGM | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.1% | -3.4% | lowest of 21 |
| 6-month return | -0.4% | -7.4% | 8th highest of 21 |
| Return on equity | 13.5% | 7.9% | 9th highest of 21 |
| Price / book | 1.56× | 1.86× | 9th cheapest of 21 |
| Trailing P/E | 10.1× | 16.6× | 3rd cheapest of 19 |
| ROE the price implies | 14.0% | 21.6% | 8th least demanding of 21 |
| ROE delivered | 13.5% | 8.0% | 8th highest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Federal Agricultural Mortgage AGM | United States | $1.90B | 0% | +31% | 13% | 1.56× | 14.0% | 13.5% |
| AEON Financial Service 8570.T | Japan | $1.95B | -9% | +8% | 5% | 0.67× | 5.2% | 4.9% |
| CreditAccess Grameen CREDITACC.NS | India | $1.84B | -27% | +17% | 20% | 1.95× | 20.5% | 19.7% |
| Aadhar Housing Finance AADHARHFC.NS | India | $1.99B | -14% | +18% | 16% | 2.48× | 31.1% | n/a |
| EZCORP EZPW | United States | $1.75B | -15% | +29% | 15% | 1.51× | 11.5% | 14.7% |
| IFCI IFCI.NS | India | $1.75B | -4% | -3% | 2% | 1.85× | 36.2% | n/a |
| Zip ZIP.AX | Australia | $1.74B | -17% | +24% | 17% | 3.74× | 66.6% | 16.8% |
| Custom Truck One Source CTOS | United States | $2.12B | -4% | +6% | 4% | 2.58× | 26.7% | 3.7% |
| Greatoo Intelligent Equipment 002031.SZ | China | $1.68B | -11% | -20% | -13% | 6.07× | 54.9% | -13.5% |
| Upstart UPST | United States | $2.17B | -24% | +39% | 8% | 2.44× | 37.8% | 8.0% |
| Metro Bank MTRO.L | United Kingdom | $1.63B | +22% | +1% | 4% | 0.94× | 12.1% | 4.3% |
| Sammaan Capital SAMMAANCAP.NS | India | $1.61B | -13% | -60% | -35% | 0.80× | 14.2% | n/a |
| LOTTE rental 089860.KS | South Korea | $1.56B | +74% | +4% | 8% | 1.34× | 6.3% | 7.7% |
| Fuyo General Lease 8424.T | Japan | $2.34B | -6% | +19% | 5% | 0.72× | 4.8% | 4.5% |
| Encore Capital ECPG | United States | $2.42B | +36% | +29% | 31% | 2.24× | 21.7% | 30.5% |
| UWM UWMC | United States | $2.44B | -56% | +16% | 2% | 2.67× | 32.8% | 2.1% |
| Capri Global Capital CGCL.NS | India | $2.44B | +20% | +53% | 18% | 2.90× | 21.5% | 17.9% |
| Mizuho Leasing 8425.T | Japan | $2.45B | -13% | +16% | 13% | 0.77× | 6.0% | 13.3% |
| PROG PRG | United States | $1.47B | +4% | +10% | 17% | 1.82× | 23.0% | 17.3% |
| Upbound UPBD | United States | $1.41B | +29% | +3% | 16% | 1.88× | 23.5% | 15.5% |
| Zigup ZIG.L | United Kingdom | $1.41B | +14% | +3% | 7% | 0.96× | 12.8% | 7.1% |
Federal Agricultural Mortgage has 2 bonds outstanding with $0 face value.