AGM Q2 2024 Earnings — Federal Agricultural Mortgage Corporation Revenue & Financial Results | Market Cap Arena

AGMFederal Agricultural Mortgage Corporation

$2B

Q2 2024 Earnings

Financial Services Financial - Credit Services

Income Statement

Revenue

$406M+16.2% YoY

Gross Profit

$84M20.6% margin

Operating Income

$59M14.6% margin

Net Income

$47M11.6% margin

EPS (Diluted)

$3.68

QoQ Revenue Growth

+0.7%

Cash Flow

Operating Cash Flow

$56M

Free Cash Flow

$53M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$30.2B

Total Liabilities

$28.7B

Stockholders' Equity

$1.5B

Cash & Equivalents

$923M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$406M	$350M	+16.2%
Gross Profit	$84M	$83M	+0.3%
Operating Income	$59M	$59M	-0.1%
Net Income	$47M	$47M	-0.2%