# Farmers and Merchants Bancshares, Inc. (FMFG)

> Financial Services · US · Reports in USD

Fundamental indicators from Sponda, adjusted for inflation.

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

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $ 11.54M | $ 1.83M | N/A | $ 78.20M | $ 66.10M |
| 2025 | $ 45.21M | $ 5.90M | $ 5.93M | $ 79.05M | $ 64.66M |
| 2024 | $ 41.49M | $ 4.50M | $ 1.02M | $ 21.89M | $ 56.27M |
| 2023 | $ 34.91M | $ 6.94M | $ 5.45M | $ 24.97M | $ 52.18M |
| 2022 | $ 30.66M | $ 9.04M | $ 7.54M | $ 40.27M | $ 47.77M |
| 2021 | $ 29.98M | $ 9.69M | $ 16.07M | $ 28.70M | $ 56.62M |
| 2020 | $ 23.89M | $ 3.42M | $ 5.18M | $ 21.97M | $ 51.73M |
| 2019 | $ 21.27M | $ 5.89M | $ 7.05M | $ 1.39M | $ 49.45M |
| 2018 | $ 21.33M | $ 6.22M | $ 6.83M | $ 0 | $ 45.39M |
| 2017 | $ 21.30M | $ 5.10M | $ 10.20M | $ 3.00M | $ 41.52M |
| 2016 | $ 21.28M | $ 5.37M | $ 3.11M | $ 7.00M | $ 39.01M |
| 2015 | $ 21.84M | $ 5.99M | $ 0 | $ 6.00M | $ 36.22M |
| 2014 | $ 19.84M | $ 5.05M | $ 0 | $ 4.00M | $ 32.70M |
| 2013 | $ 18.96M | $ 4.64M | $ 0 | $ 6.00M | $ 29.31M |
| 2007 | $ 13.26M | $ 1.96M | $ 1.34M | $ 0 | $ 19.85M |
| 2006 | $ 16.55M | $ 2.89M | $ 2.89M | $ 0 | $ 18.77M |
| 2005 | $ 14.49M | $ 2.47M | $ 1.86M | $ 0 | $ 17.23M |
| 2004 | $ 12.71M | $ 1.81M | $ 3.64M | $ 0 | $ 16.09M |
| 2003 | $ 10.70M | $ 1.93M | $ 2.45M | $ 0 | $ 15.36M |

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 | 1.18 |
| Liabilities / Eq | 12.06 |
| Current Ratio | 47.24 |

## Debt coverage

| Indicator | Value |
| --- | --- |
| Gross Debt / Earnings | 12.49 |
| Gross Debt / FCF | 11.44 |

## Other views

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

Data as of 2026-08-27.