Farmland Partners Inc. — Earnings Quality Grade F
FPI · Real Estate
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 31 days, change +4 days YoY
AR growth 2.8% vs revenue growth -10.4%
Revenue -10.4%, CFFO 8.0%. Cash follows revenue
Expense Quality
Inventory -12.9% vs COGS -9.2%. Normal
Insufficient data
SG&A/Gross Profit = 35.0%. Normal
Gross margin 80.3%, change -0.3pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF < 50% of Net Income for 2 years
Accruals ratio = 2.0%. Low accruals
Cash $0.0B covers only 6% of debt $0.2B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 3.5x. Healthy
Other assets -8.5% vs revenue -10.4%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -100% YoY. Normal
Manipulation Score
M-Score = -2.27 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score — Not Applicable
Farmland Partners Inc. is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25