Farmmi, Inc. key statistics and ratios

In fiscal 2025, Farmmi, Inc. had return on equity of -36.1%, an operating margin of -200.6%, debt equal to 1.5% of equity and a current ratio of 9.35. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Farmmi, Inc.: financial ratios, annual
Fiscal year	2016Sept 2016	2017Sept 2017	2018Sept 2018	2019Sept 2019	2020Sept 2020	2021Sept 2021	2022Sept 2022	2023Sept 2023	2024Sept 2024	2025Sept 2025
Gross margin	16.1%	17.0%	17.0%	16.4%	16.4%	13.0%	5.5%	3.9%	6.0%	2.9%
Operating margin	13.9%	13.0%	10.3%	8.0%	8.0%	7.3%	0.9%	1.8%	1.2%	−200.6%
Net margin	11.2%	12.3%	10.8%	2.9%	2.9%	6.0%	2.2%	2.3%	−7.3%	−189.8%
Free-cash-flow margin	−3.1%	7.3%	−9.4%	−38.0%	−6.3%	−134.7%	20.8%	−68.6%	−26.2%	187.5%
Return on equity	31.8%	38.4%	22.9%	4.1%	3.2%	2.5%	1.4%	1.6%	−2.8%	−36.1%
Return on assets	—	23.6%	17.9%	3.1%	2.4%	2.3%	1.4%	1.5%	−2.6%	−31.8%
Asset turnover	—	1.93	1.66	1.08	0.83	0.39	0.60	0.65	0.35	0.17
Current ratio	—	5.43	9.60	3.65	4.42	37.46	18.49	14.76	16.10	9.35
Debt to equity	0.0%	23.7%	11.4%	6.5%	2.0%	1.4%	1.6%	6.1%	1.4%	1.5%
Interest cover (operating income ÷ interest)	11.4x	16.6x	19.9x	13.4x	13.4x	38.6x	7.0x	3.1x	1.1x	—
Effective tax rate	10.4%	0.2%	0.3%	2.7%	1.5%	−1.1%	−5.6%	11.0%	—	—
Capital spending as % of revenue	0.0%	0.2%	0.2%	0.0%	0.6%	0.0%	0.0%	0.0%	0.0%	0.1%
Free cash flow ÷ net income	−28.0%	59.3%	−86.6%	<−999%	−219.0%	<−999%	927.7%	<−999%	—	—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

4 of 5 checks passed · September 30, 2025

What it owns · $147m

Short-term assets $93mLonger-term assets $54m

What it owes, and who funded it · $147m

Short-term liabilities $10mLonger-term liabilities $13mShareholders' equity $124m

Short-term assets cover short-term liabilities $93m of assets due within a year against $10m of liabilities due within a year.
Short-term assets cover long-term liabilities $93m short-term assets against $13m of longer-dated liabilities.
More cash than debt $804,098 of cash against $2m of debt.
Debt below 40% of shareholders' equity Debt is 1% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt $52m of operating cash flow against $2m of debt.
Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Farmmi, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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More: Agricultural Products & Services stocks compared, Consumer Staples sector, rankings of US companies

Figures from Farmmi, Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Farmmi, Inc.