# Farmers & Merchants Bancorp, Inc. (FMAO)

> Financial Services · US · Reports in USD

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/FMAO/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $ 98.53M | $ 21.38M | $ 18.45M | $ 218.21M | $ 384.72M |
| 2025 | $ 192.46M | $ 34.11M | $ 36.45M | $ 300.03M | $ 370.86M |
| 2024 | $ 186.00M | $ 27.26M | $ 32.17M | $ 308.09M | $ 335.21M |
| 2023 | $ 165.77M | $ 24.64M | $ 12.13M | $ 328.67M | $ 316.54M |
| 2022 | $ 128.16M | $ 36.32M | $ 42.53M | $ 226.28M | $ 298.14M |
| 2021 | $ 109.56M | $ 27.93M | $ 38.96M | $ 127.80M | $ 297.17M |
| 2020 | $ 108.61M | $ 25.60M | $ 30.78M | $ 48.10M | $ 249.16M |
| 2019 | $ 101.10M | $ 23.75M | $ 26.36M | $ 72.88M | $ 230.26M |
| 2018 | $ 73.84M | $ 19.74M | $ 12.47M | $ 32.18M | $ 143.29M |
| 2017 | $ 68.84M | $ 17.14M | $ 23.37M | $ 44.50M | $ 134.14M |
| 2016 | $ 67.43M | $ 16.05M | $ 13.79M | $ 80.32M | $ 125.58M |
| 2015 | $ 62.33M | $ 14.52M | $ 18.38M | $ 88.82M | $ 120.10M |
| 2014 | $ 61.44M | $ 13.63M | $ 22.96M | $ 55.96M | $ 114.49M |
| 2013 | $ 59.91M | $ 12.81M | $ 21.23M | $ 74.26M | $ 108.34M |
| 2012 | $ 63.86M | $ 14.13M | $ 17.96M | $ 62.91M | $ 110.24M |
| 2011 | $ 64.04M | $ 12.51M | $ 23.82M | $ 69.10M | $ 105.09M |
| 2010 | $ 73.85M | $ 10.57M | $ 12.15M | $ 81.12M | $ 94.40M |
| 2009 | $ 74.10M | $ 10.01M | $ 9.03M | $ 77.46M | $ 93.58M |
| 2008 | $ 76.17M | $ 10.18M | $ 11.48M | $ 93.85M | $ 90.55M |
| 2007 | $ 78.44M | $ 11.71M | $ 8.89M | $ 73.15M | $ 89.38M |
| 2006 | $ 56.34M | $ 8.32M | $ 16.60M | $ 58.05M | $ 87.73M |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 0.57 |
| Liabilities / Eq | 8.10 |
| Current Ratio | 11.41 |

## Debt coverage

| Indicator | Value |
| --- | --- |
| Gross Debt / Earnings | 8.19 |
| Gross Debt / FCF | 7.68 |

## Other views

- [Metrics](https://sponda.capital/en/FMAO.md)
- [Charts](https://sponda.capital/en/FMAO/charts.md)
- [Compare](https://sponda.capital/en/FMAO/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-30.