AGMFEDERAL AGRICULTURAL MORTGAGE CORP
Federal & Federally-Sponsored Credit Agencies
- Revenue
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- Operating margin
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- EBITDA
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- Market cap
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- Employees
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- Net debt / EBITDA
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- $33.9B net debt
- AI in 10-K
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Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired39% of net incomeCash flow under 80% of net income
- Dilutive SBCClear—Over 10% of revenue
- Payouts exceed cash flowClear16% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Net income | $136M | $178M | $200M | $207M | $207M | 0.1% |
| Operating cash flow | $436M | $809M | $376M | $613M | $80M | 87% |
| Capex | — | $0 | $0 | $5M | $0 | 100% |
| Stock-based comp | $4M | $5M | $7M | $8M | $8M | 3.1% |
| Buybacks | $0 | $0 | $0 | $0 | $13M |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $4M | $3M | 277 | 197 |
| FY2024 | $3M | $5M | 281 | 199 |
| FY2023 | $6M | $9M | 284 | 139 |
| FY2022 | $4M | $3M | 152 | 134 |
| FY2021 | $3M | $5M | 161 | 151 |