# Federal Agricultural Mortgage Corporation (AGM-PF)

> Source: Nexqual · https://nexqual.com/AGM-PF · data as of 2026-10-23 19:10 UTC · cite as "Nexqual, Federal Agricultural Mortgage Corporation (AGM-PF), nexqual.com/AGM-PF" · informational, not investment advice.

**Price:** USD 16.93 (-0.41% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 17 · day 16.9–17.18 · 52w 16.9–20.53 · market cap null · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $446M, net income $229M (51.4% margin) (SEC filings).
- Total return with dividends: 1Y -10.3% vs S&P 500 +13.4%; 5Y -12.6% vs S&P 500 +76.9%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $245M | $310M | $351M | $375M | $408M | $446M |
| Net income | $136M | $178M | $200M | $207M | $207M | $229M |
| EPS (diluted) | $10.27 | $13.87 | $15.81 | $16.44 | $16.62 | — |
| Free cash flow | — | $809M | $376M | $607M | $80.1M | — |
| Net margin | 55.5% | 57.5% | 57.0% | 55.2% | 50.8% | 51.4% |
| Revenue growth | +14.6% | +26.4% | +13.4% | +6.8% | +8.9% | — |
| Cash + short-term investments | $909M | $861M | $889M | $1.02B | $931M | — |
| Total debt | $22.8B | $25.0B | $26.6B | $27.5B | $30.8B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)

P/E at fiscal year-ends: Dec 2025 1.0x, Dec 2024 1.1x, Dec 2023 1.1x.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -10.3% | -12.6% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -10.4% | -2.7% |
| Volatility (annualized) | 9.1% | 18.2% |
| Max drawdown | -10.6% (Feb 2026→Oct 2026) | -26.9% (Jan 2022→Oct 2022) |

## Peers (Credit Services)
V (Visa Inc.) USD 407.92 -1.55% · MA (Mastercard Incorporated) USD 623.6 -1.52% · AXP (American Express Company) USD 313.22 -3.68% · COF (Capital One Financial Corporati) USD 201.34 -1.03% · PYPL (PayPal Holdings, Inc.) USD 57.02 -0.90% · SYF (Synchrony Financial) USD 73.64 -1.93%

## More
Full page: https://nexqual.com/AGM-PF · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name AGM-PF in their own reports (relationship from AGM-PF's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/ (NRUC) | 10-K 2026-07-31 | "We also have access to funds through bank revolving line of credit arrangements, government-guaranteed programs such as funding from the Federal Financing Bank that is guaranteed by RUS through the Gu…" |
| partner | GLADSTONE LAND Corp (LAND) | 10-K 2026-02-24 | "As amended, our agreement with Federal Agricultural Mortgage Corporation ("Farmer Mac") currently provides for bond issuances up to an aggregate amount of $225.0 million (the "Farmer Mac Facility") by…" |
| partner | Farmland Partners Inc. (FPI) | 10-K 2026-02-19 | "The Operating Partnership has a bond purchase agreement entered into in October 2022 and amended in December 2025 (the "Farmer Mac Facility") with Federal Agricultural Mortgage Corporation and its who…" |
| partner | PRUDENTIAL FINANCIAL INC (PFH) | 10-K 2026-02-12 | "In September 2023, as an additional source of liquidity, the Company entered into an agreement with the Federal Agricultural Mortgage Corporation ("Farmer Mac"), under which the Company can borrow up …" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | — | — | — | $121.3M | — |
| Next quarter (ends 2026-12-31) | — | — | — | $124.4M | — |
| Current fiscal year (ends 2026-12-31) | — | — | — | $480.8M | — |
| Next fiscal year (ends 2027-12-31) | — | — | — | $543.2M | — |