AGM Q1 2024 Earnings — Federal Agricultural Mortgage Corporation Revenue & Financial Results | Market Cap Arena

AGMFederal Agricultural Mortgage Corporation

$2B

Q1 2024 Earnings

Financial Services Financial - Credit Services

Income Statement

Revenue

$404M+25.8% YoY

Gross Profit

$95M23.7% margin

Operating Income

$68M16.9% margin

Net Income

$54M13.3% margin

EPS (Diluted)

$4.28

QoQ Revenue Growth

+13.9%

Cash Flow

Operating Cash Flow

$233M

Free Cash Flow

$232M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$29.8B

Total Liabilities

$28.3B

Stockholders' Equity

$1.5B

Cash & Equivalents

$745M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$404M	$321M	+25.8%
Gross Profit	$95M	$84M	+13.9%
Operating Income	$68M	$60M	+13.5%
Net Income	$54M	$47M	+14.3%