AGM
Federal Agricultural Mortgage Corporation
AGM's fundamentals are mixed: revenue grew 16%, but its operating margin fell 3 points to 63%. At 9.3x earnings, it's trading below its usual 11x. Analysts expect earnings growth.
AGM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
AGM's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like AGM.
AGM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 8x | $175 | — |
| Cheap | 9x | $169 | -3.4% |
| Current | 9.3x | $175 | — |
| Fair | 11x | $198 | +13% |
| Expensive | 12x | $230 | +31% |
Historical ranges are pointers, not guarantees.
AGM's PE is in its cheap range at 9.3x. If earnings grow as analysts expect, today's price would be 8.0x next year's earnings.
AGM Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for AGM, with profitability improving.
AGM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $21.78 | +15% |
| Q3 2026 | $18.88 | +7.6% |
| Q2 2026 | $18.29 | +7.8% |
| Q1 2026 | $17.36 | +7.4% |
| Q4 2025 | $16.62 | +1.1% |
| Q3 2025 | $17.55 | +13% |
| Q2 2025 | $16.97 | +3.6% |
| Q1 2025 | $16.17 | -1.4% |
| Q4 2024 | $16.44 | +4% |
AGM earned $18.88 per share over the past year, up 7.6% from the year before.
AGM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $125.3M | +20% |
| Q2 2026 | $125M | +22% |
| Q1 2026 | $109.1M | +16% |
| Q4 2025 | $107.5M | +6.1% |
| Q3 2025 | $104M | +15% |
| Q2 2025 | $102.6M | +14% |
| Q1 2025 | $94.3M | +0.7% |
| Q4 2024 | $101.3M | +19% |
AGM's revenue has grown year over year for eight quarters in a row: $125M last quarter, up 20% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 64% | -0.6 points |
| Q2 2026 | 65% | +1.7 points |
| Q1 2026 | 65% | -1.5 points |
| Q4 2025 | 56% | -11 points |
| Q3 2025 | 64% | -4.7 points |
| Q2 2025 | 64% | -2.2 points |
| Q1 2025 | 67% | -5.9 points |
| Q4 2024 | 68% | -3.6 points |
AGM's operating margin was 64% last quarter, down 0.6 points from the same quarter a year ago, near the bottom of its range since 2019.
AGM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $362.7M | +389% |
| Q2 2026 | $40.4M | +$88.1M |
| Q1 2026 | $92.1M | +$141.9M |
| Q4 2025 | $103.4M | -72% |
| Q3 2025 | $74.2M | +$118.6M |
| Q2 2025 | -$47.7M | -191% |
| Q1 2025 | -$49.8M | -122% |
| Q4 2024 | $367.5M | +$534.4M |
AGM's free cash flow was $599M over the past year, up 74% from the year before. Free cash flow isn't a meaningful measure for financial services companies like AGM.
AGM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +27K shares |
| 1 year | -0.6% | -63K shares |
| 3 years | -0.3% | -29K shares |
| 5 years | +0.6% | +67K shares |
| Available history | +1.2% | +131K shares |
AGM has 11M diluted shares, down 0.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $7.1M |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
AGM Net Leverage
AGM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.8 | Neutral |
| Stochastic | 8.2 | Oversold |
AGM's weekly RSI is 35 (neutral) and its Stochastic is 8 (oversold).
AGM PE vs Financial Services Sector
| Metric | AGM | Sector median | Relative |
|---|---|---|---|
| PE | 9.3x | 13x | 29% below |
| PE % | 23 | 63 | 40 pts below |
AGM is trading at 9.3x earnings, a 29% discount to the Financial Services sector's median of 13x.
AGM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $199.2 | 12% below |
| 20 week MA | $211.2 | 17% below |
| 50 week MA | $186.6 | 6.1% below |
| 100 week MA | $185.7 | 5.6% below |
| 200 week MA | $177.6 | 1.3% below |
AGM is in a downtrend: it's below all five of its weekly moving averages, and 1.3% below its 200-week average.
AGM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $84.2 | $73.9 | -12% |
| 2021 | $73.9 | $120.7 | +63% |
| 2022 | $120.7 | $114.0 | -5.5% |
| 2023 | $114.0 | $191.2 | +68% |
| 2024 | $191.2 | $197.3 | +3.2% |
| 2025 | $197.3 | $177.6 | -10% |
| 2026 YTD | $177.6 | $175.2 | -1.3% |
AGM has finished lower in three of the last six years. It's down 1.3% so far in 2026.