Financials in USD. Standardized financial statements.
A compact view of how Farmers & Merchants Bancorp turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $303.13M | $289.41M | $265.69M | $204.14M | $183.71M | $172.57M | $168.32M | $147.58M | $129.22M | $116.63M |
| Revenue Growth? | +4.7% | +8.9% | +30.2% | +11.1% | +6.5% | +2.5% | +14.1% | +14.2% | +10.8% | 0.0% |
| Cost of Revenue? | $63.83M | $65.30M | $47.78M | $11.29M | $6.24M | $13.99M | $13.39M | $13.48M | $9.14M | $10.53M |
| Gross Profit? | $239.29M | $224.11M | $217.92M | $192.85M | $177.47M | $158.58M | $154.93M | $134.10M | $120.09M | $106.10M |
| Gross Margin? | +78.9% | +77.4% | +82.0% | +94.5% | +96.6% | +91.9% | +92.0% | +90.9% | +92.9% | +91.0% |
| Operating Expenses? | $110.52M | $101.86M | $101.36M | $93.11M | $89.15M | $80.63M | $79.62M | $74.37M | $65.61M | $60.28M |
| Operating Income? | $128.78M | $122.24M | $116.55M | $99.74M | $88.32M | $77.95M | $75.31M | $59.73M | $54.48M | $45.82M |
| EBITDA? | $131.84M | $125.18M | $119.04M | $102.17M | $90.95M | $80.72M | $78.07M | $62.38M | $56.78M | $47.73M |
| Income Before Tax | $128.78M | $122.24M | $116.55M | $99.74M | $88.32M | $77.95M | $75.31M | $59.73M | $54.48M | $45.82M |
| Income Tax Expense | $35.17M | $33.79M | $28.24M | $24.65M | $21.98M | $19.22M | $19.28M | $14.20M | $26.11M | $16.10M |
| Net Income? | $93.61M | $88.46M | $88.31M | $75.09M | $66.34M | $58.73M | $56.04M | $45.53M | $28.37M | $29.72M |
| EPS? | $134.96 | $121.02 | $116.61 | $96.55 | $84.01 | $74.03 | $71.18 | $56.82 | $35.03 | $37.44 |
| Diluted EPS? | $133.96 | $121.02 | $116.61 | $96.55 | $84.01 | $74.03 | $71.18 | $56.82 | $35.03 | $37.44 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality