Revenue contraction remains a primary concern, with the most recent quarter showing a 1.2% year-over-year decline to $88.9M alongside a negative operating margin of 3.6%.
| Metric | TTM | Jun'25 | Jun'24 | Jun'23 | Jun'22 | Jun'21 | Jun'20 | Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 | Jun'09 | Jun'08 | Jun'07 | Jun'06 | Jun'05 | Jun'04 | Jun'03 | Jun'02 | Jun'01 | Jun'00 | Jun'99 | Jun'98 | Jun'97 | Jun'96 |
|---|
| Sales/Revenue | 337.72M | 342.28M | 341.09M | 339.96M | 314.78M | 261.91M | 501.32M | 595.94M | 606.54M | 541.5M | 544.38M | 545.88M | 528.38M | 509.96M | 495.44M | 463.94M | 450.32M | 341.72M | 266.49M | 216.26M | 207.45M | 198.42M | 193.59M | 201.56M | 205.86M | 215.43M | 218.69M | 221.6M | 240.1M | 224.8M | 224.1M |
| Revenue Growth % | -2.07% | 0.35% | 0.33% | 8% | 20.19% | -47.76% | -15.88% | -1.75% | 12.01% | -0.53% | -0.27% | 3.31% | 3.61% | 2.93% | 6.79% | 3.03% | 31.78% | 28.23% | 23.22% | 4.24% | 4.55% | 2.5% | -3.95% | -2.09% | -4.44% | -1.49% | -1.31% | -7.71% | 6.81% | 0.31% | -4.52% |
| Cost of Goods Sold | 200.26M | 193.37M | 207.2M | 225.35M | 180.97M | 166.13M | 363.2M | 416.84M | 399.5M | 327.76M | 335.91M | 348.85M | 332.47M | 318.82M | 322.62M | 306.77M | 252.75M | 181.51M | 147.07M | 89.49M | 84.91M | 82.96M | 71.41M | 70.66M | 67.76M | 74.03M | 71.34M | 84.6M | 103M | 111.7M | 99.6M |
| COGS % of Revenue | - | 56.49% | 60.75% | 66.29% | 57.49% | 63.43% | 72.45% | 69.95% | 65.87% | 60.53% | 61.7% | 63.91% | 62.92% | 62.52% | 65.12% | 66.12% | 56.13% | 53.12% | 55.19% | 41.38% | 40.93% | 41.81% | 36.88% | 35.06% | 32.92% | 34.36% | 32.62% | 38.18% | 42.9% | 49.69% | 44.44% |
| Gross Profit | 137.46M | 148.91M | 133.89M | 114.61M | 133.81M | 95.78M | 138.12M | 179.1M | 207.04M | 213.74M | 208.47M | 197.04M | 195.91M | 191.14M | 172.82M | 157.17M | 197.56M | 160.22M | 119.41M | 126.77M | 122.54M | 115.46M | 122.18M | 130.9M | 138.09M | 141.4M | 147.35M | 137M | 137.1M | 113.1M | 124.5M |
| Gross Margin % | 40.7% | 43.51% | 39.25% | 33.71% | 42.51% | 36.57% | 27.55% | 30.05% | 34.13% | 39.47% | 38.3% | 36.09% | 37.08% | 37.48% | 34.88% | 33.88% | 43.87% | 46.88% | 44.81% | 58.62% | 59.07% | 58.19% | 63.12% | 64.94% | 67.08% | 65.64% | 67.38% | 61.82% | 57.1% | 50.31% | 55.56% |
| Gross Profit Growth % | - | 11.22% | 16.82% | -14.35% | 39.71% | -30.65% | -22.88% | -13.49% | -3.13% | 2.52% | 5.81% | 0.57% | 2.5% | 10.6% | 9.96% | -20.44% | 23.31% | 34.17% | -5.8% | 3.45% | 6.14% | -5.51% | -6.66% | -5.21% | -2.34% | -4.04% | 7.55% | -0.07% | 21.22% | -9.16% | 5.87% |
| Operating Expenses | 143.53M | 150.37M | 136.14M | 135.57M | 139.8M | 127.91M | 181.12M | 188.61M | 202.4M | 200.13M | 192.17M | 182.93M | 190.81M | 195.14M | 192.11M | 217.79M | 236.76M | 175.42M | 130.06M | 130.84M | 125.51M | 122.04M | 118.42M | 107.01M | 99.88M | 99.28M | 98.38M | 100.2M | 96.2M | 96.4M | 95.3M |
| OpEx % of Revenue | - | 43.93% | 39.91% | 39.88% | 44.41% | 48.84% | 36.13% | 31.65% | 33.37% | 36.96% | 35.3% | 33.51% | 36.11% | 38.27% | 38.77% | 46.94% | 52.58% | 51.33% | 48.8% | 60.5% | 60.5% | 61.51% | 61.17% | 53.09% | 48.52% | 46.09% | 44.99% | 45.22% | 40.07% | 42.88% | 42.53% |
| Selling, General & Admin | 142.36M | 147.02M | 153.02M | 140.71M | 142.7M | 120.9M | 158.57M | 188.61M | 202.4M | 200.13M | 192.17M | 182.93M | 190.81M | 195.14M | 192.11M | 217.79M | 236.76M | 175.42M | 130.06M | 130.84M | 125.51M | 122.04M | 118.42M | 107.01M | 99.88M | 99.28M | 92.75M | 95M | 91.2M | 91M | 89.6M |
| SG&A % of Revenue | - | 42.95% | 44.86% | 41.39% | 45.33% | 46.16% | 31.63% | 31.65% | 33.37% | 36.96% | 35.3% | 33.51% | 36.11% | 38.27% | 38.77% | 46.94% | 52.58% | 51.33% | 48.8% | 60.5% | 60.5% | 61.51% | 61.17% | 53.09% | 48.52% | 46.09% | 42.41% | 42.87% | 37.98% | 40.48% | 39.98% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 3.35M | -16.88M | -5.14M | -2.9M | 7.01M | 22.55M | 0 | 1.07M | -1.2M | 556K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -6.08M | -1.46M | -2.25M | -20.96M | -5.98M | -32.13M | -43M | -16.29M | 1.12M | 42.17M | 8.18M | 3.28M | 8.92M | -4.09M | -24.87M | -68.42M | -39.19M | -15.2M | -10.64M | -4.08M | -2.96M | -6.58M | 3.76M | 23.89M | 38.21M | 42.12M | 48.97M | 36.8M | 40.9M | 16.7M | 29.2M |
| Operating Margin % | -1.8% | -0.43% | -0.66% | -6.17% | -1.9% | -12.27% | -8.58% | -2.73% | 0.19% | 7.79% | 1.5% | 0.6% | 1.69% | -0.8% | -5.02% | -14.75% | -8.7% | -4.45% | -3.99% | -1.88% | -1.43% | -3.32% | 1.94% | 11.85% | 18.56% | 19.55% | 22.39% | 16.61% | 17.03% | 7.43% | 13.03% |
| Operating Income Growth % | - | 35.07% | 89.26% | -250.43% | 81.38% | 25.28% | -164.04% | -1548.93% | -97.33% | 415.54% | 149.06% | -63.17% | 317.73% | 83.53% | 63.66% | -74.58% | -157.79% | -42.83% | -161.14% | -37.47% | 54.96% | -274.94% | -84.25% | -37.48% | -9.27% | -13.99% | 33.06% | -10.02% | 144.91% | -42.81% | 15.87% |
| EBITDA | 4.66M | 9.99M | 9.34M | 1.21M | 17.83M | -4.5M | -13.11M | 17.38M | 33.99M | 65.14M | 28.95M | 27.46M | 36.25M | 28.45M | 7.25M | -36.66M | -12.41M | 3.09M | -887K | 5.25M | 6M | 1.81M | 10.86M | 29.66M | 43.7M | 47.64M | 54.59M | 42M | 45.9M | 22.1M | 34.9M |
| EBITDA Margin % | 1.38% | 2.92% | 2.74% | 0.36% | 5.66% | -1.72% | -2.61% | 2.92% | 5.6% | 12.03% | 5.32% | 5.03% | 6.86% | 5.58% | 1.46% | -7.9% | -2.76% | 0.9% | -0.33% | 2.43% | 2.89% | 0.91% | 5.61% | 14.72% | 21.23% | 22.11% | 24.96% | 18.95% | 19.12% | 9.83% | 15.57% |
| EBITDA Growth % | -10.1% | 6.95% | 672.37% | -93.22% | 495.85% | 65.63% | -175.41% | -48.87% | -47.82% | 124.97% | 5.43% | -24.24% | 27.43% | 292.59% | 119.76% | -195.34% | -501.88% | 448.25% | -116.9% | -12.5% | 230.83% | -83.31% | -63.39% | -32.12% | -8.27% | -12.73% | 29.98% | -8.5% | 107.69% | -36.68% | 16.72% |
| D&A (Non-Cash Add-back) | 10.74M | 11.45M | 11.59M | 22.17M | 23.81M | 27.63M | 29.9M | 33.66M | 32.86M | 22.97M | 20.77M | 24.18M | 27.33M | 32.54M | 32.11M | 31.76M | 26.78M | 18.29M | 9.76M | 9.32M | 8.96M | 8.4M | 7.1M | 5.78M | 5.49M | 5.53M | 5.63M | 5.2M | 5M | 5.4M | 5.7M |
| EBIT | -11.84M | -6.92M | 3.97M | -25.2M | 2.16M | -6.38M | -26.8M | -21.44M | 8.79M | 45.97M | 5.94M | 14.11M | 5.1M | -7.5M | -24.79M | -63.46M | -25.5M | -18.65M | -10.64M | 6.85M | -2.96M | -6.58M | 3.76M | 23.89M | 38.21M | 42.12M | 48.97M | 36.8M | 40.9M | 16.7M | 29.2M |
| Net Interest Income | -6.29M | -7.48M | -7.83M | -8.25M | -4.01M | -14.33M | -10.48M | -12M | -9.76M | -8.03M | 71K | -388K | -829K | -1.33M | -1.92M | -1.79M | -683K | 901K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2K | 567K | 496K | 381K | 429K | 452K | 214K | 178K | 303K | 1.24M | 3.61M | 5.77M | 4.45M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 6.29M | 7.48M | 7.83M | 8.25M | 4.01M | 14.33M | 10.48M | 12M | 9.76M | 8.6M | 425K | 769K | 1.26M | 1.78M | 2.14M | 1.97M | 986K | 335K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -12.47M | -12.94M | -1.61M | -13.4M | 4.13M | 15.84M | 5.72M | -18.78M | -2.02M | -1.57M | 12.11M | -2.23M | 3.92M | -5.28M | -5.08M | 4.94M | 12.71M | -3.78M | -4.68M | 10.92M | 6.97M | -4.75M | 12.22M | 13.68M | 11.15M | 17.4M | 12.25M | 11.8M | 11.9M | 10.6M | 9.7M |
| Pretax Income | -18.55M | -14.4M | -3.86M | -34.36M | -1.85M | -16.29M | -37.28M | -33.48M | -968K | 40.35M | 9.92M | 1.05M | 12.84M | -9.29M | -29.68M | -63.48M | -26.48M | -18.99M | -15.32M | 6.85M | 4M | -11.33M | 15.98M | 37.57M | 49.36M | 59.52M | 61.22M | 48.6M | 52.8M | 27.3M | 38.9M |
| Pretax Margin % | -5.49% | -4.21% | -1.13% | -10.11% | -0.59% | -6.22% | -7.44% | -5.62% | -0.16% | 7.45% | 1.82% | 0.19% | 2.43% | -1.82% | -5.99% | -13.68% | -5.88% | -5.56% | -5.75% | 3.17% | 1.93% | -5.71% | 8.26% | 18.64% | 23.98% | 27.63% | 27.99% | 21.93% | 21.99% | 12.14% | 17.36% |
| Income Tax | 64K | 116K | 14K | -325K | 124K | 13.93M | -195K | 40.11M | 17.31M | 15.95M | -80M | 402K | 705K | -825K | -347K | -9.17M | -2.53M | 14.28M | -7.4M | 33K | -751K | -5.9M | 3.29M | 13.94M | 18.79M | 23.03M | 23.64M | 19.7M | 19.4M | 10.6M | 15.5M |
| Effective Tax Rate % | -0.35% | -0.81% | -0.36% | 0.95% | -6.7% | -85.53% | 0.52% | -119.79% | -1788.43% | 39.54% | -806.34% | 38.14% | 5.49% | 8.88% | 1.17% | 14.44% | 9.55% | -75.23% | 48.29% | 0.48% | -18.75% | 52.1% | 20.62% | 37.11% | 38.07% | 38.69% | 38.62% | 40.53% | 36.74% | 38.83% | 39.85% |
| Net Income | -18.61M | -14.52M | -3.88M | -79.18M | -15.66M | -41.65M | -37.09M | -73.59M | -18.28M | 24.4M | 89.92M | 652K | 12.13M | -8.46M | -29.33M | -54.32M | -23.95M | -33.27M | -7.92M | 6.82M | 4.76M | -5.43M | 12.69M | 23.63M | 30.57M | 36.18M | 37.58M | 28.9M | 33.4M | 16.7M | 23.4M |
| Net Margin % | -5.51% | -4.24% | -1.14% | -23.29% | -4.98% | -15.9% | -7.4% | -12.35% | -3.01% | 4.51% | 16.52% | 0.12% | 2.3% | -1.66% | -5.92% | -11.71% | -5.32% | -9.74% | -2.97% | 3.15% | 2.29% | -2.74% | 6.55% | 11.72% | 14.85% | 16.79% | 17.18% | 13.04% | 13.91% | 7.43% | 10.44% |
| Net Income Growth % | -84.92% | -274.61% | 95.11% | -405.59% | 62.4% | -12.31% | 49.61% | -302.6% | -174.92% | -72.86% | 13691.1% | -94.63% | 243.37% | 71.15% | 46% | -126.76% | 28% | -319.86% | -216.27% | 43.29% | 187.64% | -142.78% | -46.31% | -22.7% | -15.5% | -3.72% | 30.02% | -13.47% | 100% | -28.63% | 23.81% |
| Net Income (Continuing) | -18.61M | -14.52M | -3.88M | -34.04M | -1.97M | -30.21M | -37.09M | -73.59M | -18.28M | 22.55M | 89.92M | 652K | 12.13M | -8.46M | -26.58M | -52.03M | -23.95M | -33.27M | -7.92M | 6.82M | 4.76M | -5.43M | 12.69M | 23.63M | 30.57M | 36.49M | 37.58M | 28.9M | 33.4M | 16.7M | 23.4M |
| Discontinued Operations | 0 | 0 | 0 | -45.14M | -13.69M | -11.44M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.86 | -0.68 | -0.19 | -4.04 | -0.89 | -2.39 | -2.16 | -4.33 | -1.09 | 1.45 | 5.41 | 0.04 | 0.76 | -0.54 | -1.89 | -3.61 | -1.61 | -2.29 | -0.55 | 0.48 | 0.34 | -0.40 | 0.81 | 1.30 | 1.65 | 1.96 | 2.02 | 1.52 | 1.73 | 0.87 | 1.21 |
| EPS Growth % | -78.09% | -257.89% | 95.3% | -353.93% | 62.76% | -10.65% | 50.12% | -297.25% | -175.17% | -73.2% | 13425% | -94.74% | 240.74% | 71.43% | 47.65% | -124.22% | 29.69% | -316.36% | -214.58% | 41.18% | 185% | -149.38% | -37.69% | -21.21% | -15.82% | -2.97% | 32.89% | -12.14% | 98.85% | -28.1% | 19.8% |
| EPS (Basic) | - | -0.68 | -0.19 | -4.04 | -0.89 | -2.39 | -2.16 | -4.33 | -1.09 | 1.46 | 5.45 | 0.04 | 0.76 | -0.54 | -1.89 | -3.61 | -1.61 | -2.29 | -0.55 | 0.48 | 0.34 | -0.40 | 0.81 | 1.30 | 1.65 | 1.96 | 2.02 | 1.52 | 1.73 | 0.87 | 1.21 |
| Diluted Shares Outstanding | 21.67M | 21.39M | 20.87M | 19.62M | 18.2M | 17.64M | 17.21M | 17M | 16.82M | 16.79M | 16.63M | 16.27M | 16.01M | 15.6M | 15.49M | 15.07M | 14.87M | 14.51M | 14.4M | 14.11M | 13.89M | 13.65M | 15.58M | 18.18M | 18.48M | 18.43M | 18.75M | 19.16M | 19.26M | 19.28M | 19.31M |
| Basic Shares Outstanding | 21.67M | 21.39M | 20.87M | 19.62M | 18.2M | 17.64M | 17.21M | 17M | 16.82M | 16.67M | 16.5M | 16.13M | 15.91M | 15.56M | 15.49M | 15.07M | 14.87M | 14.51M | 14.28M | 14.11M | 13.89M | 13.65M | 15.58M | 18.18M | 18.48M | 18.43M | 18.58M | 19.03M | 19.26M | 19.28M | 19.29M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 90.12% | 122.25% | - | 44.31% | 27.61% | 20.54% | 16.3% | 14.85% | 18.34% | 14.67% | 27.54% | 17.52% |
Operational Scale Sustainability
As reported in recent financial filings, FARM's revenue trajectory remains under pressure, with the most recent quarter showing a 1.2% year-over-year decline to $88.9M, reflecting the ongoing challenges of rationalizing the DSD footprint following the divestiture of the company's non-core Direct Ship business segment.
The persistent revenue volatility suggests that the company is struggling to find a stable baseline after its recent structural reorganization. Investors should monitor whether the pivot to a pure-play DSD model can eventually stabilize top-line performance or if the loss of scale will continue to erode the company's market presence.
Based on the provided income statement data, gross margins have fluctuated significantly, ranging from a low of 36.3% in 2026Q2 to a peak of 44.9% in 2025Q4, indicating that the company remains highly susceptible to commodity price swings and shifts in product mix within its DSD network.
While the gross margin profile appears relatively healthy for a food processor, the inability to maintain these levels consistently suggests limited pricing power against independent foodservice operators. This volatility implies that the company's roasting and distribution operations are not yet optimized to absorb input cost fluctuations without impacting the bottom line.
According to the latest quarterly figures, FARM continues to struggle with operating leverage, as evidenced by a negative operating margin of 3.6% in 2026Q2, which highlights the difficulty of covering fixed overhead costs with the current, reduced volume of coffee moving through the distribution system.
The data indicates that SG&A expenses remain stubbornly high relative to gross profit, preventing the company from achieving consistent operating profitability. This suggests that the current route density is insufficient to support the existing administrative and logistical infrastructure, warranting further investigation into the company's long-term cost-cutting efficacy.
As indicated by the historical income statements, FARM has reported net losses in eight of the last ten quarters, with a net margin of -5.5% in 2026Q2, suggesting that the company's core operations are currently unable to generate sustainable bottom-line earnings for shareholders.
The recurring nature of these losses, despite occasional positive operating income in isolated quarters, points to a structural issue in the company's business model. Investors should be cautious of the impact of stock-based compensation and restructuring charges, which continue to weigh on the company's ability to reach consistent profitability.
Based on an analysis of the company's recent divestitures, there is a significant risk that FARM has become too small to effectively support its fixed cost base, potentially creating a cycle of margin compression that may prove difficult to reverse without further capital infusion or consolidation.
The core concern for analysts is whether the remaining DSD footprint can achieve the necessary route density to reach break-even status. If the company cannot rapidly improve its drop size per stop, the current operational structure may remain permanently unsustainable, regardless of any improvements in coffee commodity pricing.
Quick answers to the most common questions about buying FARM stock.
For fiscal year 2025, Farmer Bros. Co. (FARM) reported total revenue of $342.3M. This represents a 52.7% increase compared to $224.1M in 1996.
Farmer Bros. Co. (FARM) reported a net loss of $14.5M for the fiscal year ending 2025.
Farmer Bros. Co. (FARM) reported an operating income of $-1.5M, resulting in an operating profit margin of -0.4%. This margin reflects the operational efficiency of the business before interest and taxes.
Farmer Bros. Co. (FARM) generated $148.9M in gross profit for the year, representing a gross profit margin of 43.5%. This demonstrates the company's core pricing power and production efficiency.