Farmers & Merchants Bancorp financials
$34.71−0.72%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $190.7M | $179.2M | $155.7M | $116.9M | $94.4M | $87.0M | $80.1M | $57.3M | $52.0M |
| Gross profit | $121.4M | $101.5M | $97.3M | $102.6M | $87.1M | $76.6M | $65.4M | $50.7M | $46.9M |
| Gross margin | 63.7% | 56.7% | 62.5% | 87.7% | 92.2% | 88.0% | 81.6% | 88.5% | 90.1% |
| Operating income | $42.5M | $32.6M | $28.4M | $40.5M | $29.5M | $25.2M | $22.8M | $18.3M | $17.9M |
| Net income | $32.9M | $25.4M | $22.5M | $32.5M | $23.3M | $20.1M | $18.3M | $14.8M | $12.6M |
| Net margin | 17.3% | 14.2% | 14.5% | 27.8% | 24.7% | 23.1% | 22.8% | 25.8% | 24.2% |
| Diluted EPS | $2.43 | $1.90 | $1.67 | $2.46 | $2.01 | $1.80 | $1.66 | $1.61 | $1.38 |
| EBITDA | $44.1M | $33.4M | $29.0M | $40.5M | $29.5M | $25.2M | $22.8M | $18.3M | $17.9M |
| Operating cash flow | $36.7M | $32.5M | $22.1M | $40.7M | $34.7M | $27.4M | $23.9M | $10.7M | $17.6M |
| Free cash flow | $35.0M | $30.6M | $11.2M | $38.1M | $33.2M | $24.4M | $20.4M | $8.2M | $15.9M |
| Diluted shares | 13.6M | 13.4M | 13.5M | 13.1M | 11.6M | 11.1M | 11.0M | 9.2M | 9.2M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $97.2M | $174.9M | $140.9M | $83.1M | $135.5M | $98.3M |
| Short-term investments | $437.1M | $444.9M | $379.6M | $406.4M | $494.3M | $395.8M |
| Total debt | $262.3M | $280.9M | $300.5M | $172.1M | $98.5M | $17.9M |
| Total assets | $3.43B | $3.36B | $3.28B | $3.02B | $2.64B | $1.91B |
| Total liabilities | $3.06B | $3.03B | $2.97B | $2.72B | $2.34B | $1.66B |
| Shareholders' equity | $370.9M | $335.2M | $316.5M | $298.1M | $297.2M | $249.2M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology