FMCB

Farmers & Merchants Bancorp

USD

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Price alert · FMCB

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1,440.00 USD +5.00 +0.35%
As of Oct 30, 2026
1,440.00 Day range 1,445.00
1,005.00 52-week range 1,540.00
YTD
+29.58%
1 year
+42.72%
Open
1,440.00
Prev close
1,435.00
Mkt cap
996.40M
Vol
136
Avg vol
187
EPS
142.32
P/E
10.12
More statistics
Low
1,440.00
High
1,445.00

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Financial health

Altman Z-Score

0.28 Distress zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

5 / 9 Average

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

A-4 / 5 overall

  • DCF 4
  • Return on Equity 4
  • Return on Assets 4
  • Debt / Equity 4
  • P/E 3
  • P/B 2

Valuation

P/E 8.2×
FY 2016: 17.1×FY 2017: 19.3×FY 2018: 12.3×FY 2019: 10.8×FY 2020: 10.3×FY 2021: 11.4×FY 2022: 10.9×FY 2023: 9.1×FY 2024: 8.8×FY 2025: 8.2×
FY 2016 5y median 9.1× FY 2025
P/S 2.5×
FY 2016: 4.4×FY 2017: 4.2×FY 2018: 3.8×FY 2019: 3.6×FY 2020: 3.5×FY 2021: 4.1×FY 2022: 4.0×FY 2023: 3.0×FY 2024: 2.7×FY 2025: 2.5×
FY 2016 5y median 3.0× FY 2025
P/B 1.2×
FY 2016: 1.8×FY 2017: 1.8×FY 2018: 1.8×FY 2019: 1.6×FY 2020: 1.4×FY 2021: 1.6×FY 2022: 1.7×FY 2023: 1.5×FY 2024: 1.4×FY 2025: 1.2×
FY 2016 5y median 1.5× FY 2025
P/FCF 8.0×
FY 2016: 15.3×FY 2017: 15.3×FY 2018: 10.5×FY 2019: 9.3×FY 2020: 12.0×FY 2021: 13.1×FY 2022: 8.4×FY 2023: 9.1×FY 2024: 7.6×FY 2025: 8.0×
FY 2016 5y median 8.4× FY 2025
EV/EBITDA 4.8×
FY 2016: 8.8×FY 2017: 6.5×FY 2018: 6.8×FY 2019: 4.1×FY 2020: 2.8×FY 2021: 0.6×FY 2022: 2.3×FY 2023: 3.4×FY 2024: 4.6×FY 2025: 4.8×
FY 2016 5y median 3.4× FY 2025
EV/Sales 2.1×
FY 2016: 3.6×FY 2017: 2.9×FY 2018: 2.9×FY 2019: 1.9×FY 2020: 1.3×FY 2021: 0.3×FY 2022: 1.2×FY 2023: 1.5×FY 2024: 2.0×FY 2025: 2.1×
FY 2016 5y median 1.5× FY 2025
FCF Yield 12.5%
FY 2016: 6.6%FY 2017: 6.5%FY 2018: 9.5%FY 2019: 10.8%FY 2020: 8.4%FY 2021: 7.6%FY 2022: 12.0%FY 2023: 11.0%FY 2024: 13.1%FY 2025: 12.5%
FY 2016 5y median 12.0% FY 2025

Profitability

Gross Margin 78.9%
FY 2016: 91.0%FY 2017: 92.9%FY 2018: 90.9%FY 2019: 92.0%FY 2020: 91.9%FY 2021: 96.6%FY 2022: 94.5%FY 2023: 82.0%FY 2024: 77.4%FY 2025: 78.9%
FY 2016 5y median 82.0% FY 2025
Operating Margin 42.5%
FY 2016: 39.3%FY 2017: 42.2%FY 2018: 40.5%FY 2019: 44.7%FY 2020: 45.2%FY 2021: 48.1%FY 2022: 48.9%FY 2023: 43.9%FY 2024: 42.2%FY 2025: 42.5%
FY 2016 5y median 43.9% FY 2025
Net Margin 30.9%
FY 2016: 25.5%FY 2017: 22.0%FY 2018: 30.8%FY 2019: 33.3%FY 2020: 34.0%FY 2021: 36.1%FY 2022: 36.8%FY 2023: 33.2%FY 2024: 30.6%FY 2025: 30.9%
FY 2016 5y median 33.2% FY 2025
ROE 14.5%
FY 2016: 10.6%FY 2017: 9.5%FY 2018: 14.6%FY 2019: 15.2%FY 2020: 13.9%FY 2021: 14.3%FY 2022: 15.5%FY 2023: 16.1%FY 2024: 15.4%FY 2025: 14.5%
FY 2016 5y median 15.4% FY 2025
ROIC 13.1%
FY 2016: 12.4%FY 2017: 10.6%FY 2018: 14.2%FY 2019: 14.8%FY 2020: 13.5%FY 2021: 14.0%FY 2022: 15.2%FY 2023: 15.8%FY 2024: 13.2%FY 2025: 13.1%
FY 2016 5y median 14.0% FY 2025
ROA 1.6%
FY 2016: 1.0%FY 2017: 0.9%FY 2018: 1.3%FY 2019: 1.5%FY 2020: 1.3%FY 2021: 1.3%FY 2022: 1.4%FY 2023: 1.7%FY 2024: 1.6%FY 2025: 1.6%
FY 2016 5y median 1.6% FY 2025

Growth (YoY)

Revenue 4.7%
FY 2016: 12.6%FY 2017: 10.8%FY 2018: 14.2%FY 2019: 14.1%FY 2020: 2.5%FY 2021: 6.5%FY 2022: 11.1%FY 2023: 30.2%FY 2024: 8.9%FY 2025: 4.7%
FY 2016 FY 2025
Operating Income 5.3%
FY 2016: 3.4%FY 2017: 18.9%FY 2018: 9.6%FY 2019: 26.1%FY 2020: 3.5%FY 2021: 13.3%FY 2022: 12.9%FY 2023: 16.9%FY 2024: 4.9%FY 2025: 5.3%
FY 2016 FY 2025
EPS (diluted) 10.7%
FY 2016: 7.5%FY 2017: -6.4%FY 2018: 62.2%FY 2019: 25.3%FY 2020: 4.0%FY 2021: 13.5%FY 2022: 14.9%FY 2023: 20.8%FY 2024: 3.8%FY 2025: 10.7%
FY 2016 FY 2025
Free Cash Flow -4.7%
FY 2016: -3.7%FY 2017: 7.2%FY 2018: 49.1%FY 2019: 22.8%FY 2020: -22.8%FY 2021: 14.8%FY 2022: 68.6%FY 2023: -9.4%FY 2024: 14.7%FY 2025: -4.7%
FY 2016 FY 2025

Financial Health

Current Ratio 0.0×
FY 2016: 0.3×FY 2017: 0.3×FY 2018: 0.3×FY 2019: 0.3×FY 2020: 0.3×FY 2021: 0.2×FY 2022: 0.2×FY 2023: 0.2×FY 2024: 0.2×FY 2025: 0.0×
FY 2016 5y median 0.2× FY 2025
Quick Ratio 0.0×
FY 2016: 0.3×FY 2017: 0.3×FY 2018: 0.3×FY 2019: 0.3×FY 2020: 0.3×FY 2021: 0.2×FY 2022: 0.2×FY 2023: 0.2×FY 2024: 0.2×FY 2025: 0.0×
FY 2016 5y median 0.2× FY 2025
Debt / Equity 0.0×
FY 2016: 0.0×FY 2017: 0.0×FY 2018: 0.0×FY 2019: 0.0×FY 2020: 0.0×FY 2021: 0.0×FY 2022: 0.0×FY 2023: 0.0×FY 2024: 0.0×FY 2025: 0.0×
FY 2016 5y median 0.0× FY 2025
Net Debt / EBITDA -1.0×
FY 2016: -1.9×FY 2017: -3.1×FY 2018: -2.2×FY 2019: -3.6×FY 2020: -4.6×FY 2021: -7.8×FY 2022: -5.7×FY 2023: -3.4×FY 2024: -1.6×FY 2025: -1.0×
FY 2016 5y median -3.4× FY 2025
Interest Coverage 2.1×
FY 2016: 10.9×FY 2017: 8.7×FY 2018: 7.5×FY 2019: 5.7×FY 2020: 8.2×FY 2021: 20.4×FY 2022: 20.6×FY 2023: 3.0×FY 2024: 1.9×FY 2025: 2.1×
FY 2016 5y median 3.0× FY 2025

Dividends

Dividend Yield 1.8%
FY 2016: 2.1%FY 2017: 2.0%FY 2018: 2.0%FY 2019: 1.9%FY 2020: 1.9%FY 2021: 1.6%FY 2022: 1.5%FY 2023: 1.6%FY 2024: 1.7%FY 2025: 1.8%
FY 2016 5y median 1.6% FY 2025
Payout Ratio 14.8%
FY 2016: 35.3%FY 2017: 38.7%FY 2018: 24.5%FY 2019: 20.0%FY 2020: 19.9%FY 2021: 18.2%FY 2022: 16.6%FY 2023: 14.6%FY 2024: 14.7%FY 2025: 14.8%
FY 2016 5y median 14.8% FY 2025

Annual · latest fiscal year ends 2025-12-31