Farmland PartnersFPI +3.23%71 Gross Margin % is 85.17% as of Mar. 2026, which is 4% above its 10-year median of 81.73. GuruFocus rates FPI with a GF Score™ of 71/100 and a GF Value™ of $10.91 (Fairly Valued). The stock has 5 warning signs investors should review. Among 680 REITs companies, Farmland Partners ranks better than 71.91% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Farmland Partners had a gross margin of 85.17% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Farmland Partners Gross Margin % Related Terms
Farmland Partners Gross Margin % Historical Data
* Premium members only.
The historical data trend for Farmland Partners's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FPI vs LAND, NLCP, SELF: Gross Margin % Comparison
For the REIT - Specialty subindustry, Farmland Partners's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Farmland Partners Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Farmland Partners's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Farmland Partners's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Farmland Partners (FPI) has a Gross Margin % of 85.17% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Farmland Partners and its competitors. This is near median its historical median of 81.73. Over the past decade, Farmland Partners' Gross Margin % has ranged from 76.66 to 92.33. According to the industry distribution chart, Farmland Partners ranks #191 out of 680 companies in the REITs industry, placing it in the top 28.1%.
Is Farmland Partners' Gross Margin % too high?
Farmland Partners' current Gross Margin % of 85.17% is near median its 10-year median of 81.73. Over the past 10 years, this metric has ranged from a low of 76.66 to a high of 92.33. The REITs industry median Gross Margin % is 69.71. Farmland Partners' value of 85.17% is 22.2% above this industry median. Based on the distribution chart, Farmland Partners ranks #191 out of 680 companies in the REITs industry, which is above the industry midpoint. Overall, Farmland Partners has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Farmland Partners' Gross Margin % compare to LAND and NLCP?
According to the REITs industry distribution chart, Farmland Partners ranks #191 out of 680 companies for Gross Margin %. This puts Farmland Partners in the upper half of its industry. The industry median Gross Margin % is 69.71. Farmland Partners' value of 85.17% is 22.2% above this benchmark. Historically, Farmland Partners' own Gross Margin % has ranged from 76.66 to 92.33 over the past decade. While the company's 10-year median is 81.73 vs. the industry median of 69.71, Farmland Partners has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a REITs company?
The median Gross Margin % among REITs companies is 69.71, based on 680 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Farmland Partners's current Gross Margin % of 85.17% is 22.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Farmland Partners and its competitors. For the REITs industry, the median Gross Margin % is 69.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Farmland Partners's current Gross Margin % is 85.17%, which is near median its own 10-year median of 81.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Farmland Partners stock overvalued right now?
Based on GuruFocus' analysis, Farmland Partners (FPI) is currently considered Fairly Valued. The stock's GF Value™ is $10.91, compared to a current price of $9.91 — trading 9.2% below its estimated fair value. The current Gross Margin % is 85.17%, which is near median its 10-year median of 81.73 and 22.2% above the REITs industry median of 69.71. Farmland Partners' overall GF Score™ is 71/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Farmland Partners (FPI), the current Gross Margin % is 85.17% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Farmland Partners (FPI) Overvalued in 2026?
Based on GuruFocus' analysis, Farmland Partners stock appears to be undervalued.
The current stock price of $9.91 is trading 9.2% below its estimated GF Value™ of $10.91.
GuruFocus considers Farmland Partners to be Fairly Valued.
Key valuation signals for FPI:
Gross Margin %: 85.17% (near median its 10-year median of 81.73)
GF Value™: $10.91 vs. price of $9.91 (9.2% below fair value)
Industry Position: 22.2% above the REITs median (#191 of 680)
No single metric tells the full story. See the FPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Farmland Partners Inc owns and seeks to acquire high-quality farmland throughout North America. The company is an internally managed real estate company which owns and contracts farmland and storage facilities located across the United States. Majority of the properties in its portfolio are used to grow primary crops, such as corn, soybeans, wheat, rice and cotton, and rest to produce specialty crops, such as almonds, pictachios, citrus, avacados, strawberies, and edible beans. The company generates its revenues through the rent it receives from its tenants.
71GF Score
Get the complete analysis for FPI
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FPI has been successfully added to your 
