FMCB vs. MO

Last updated Apr 2, 2026

Compare and contrast key facts about Farmers & Merchants Bancorp (FMCB) and Altria Group, Inc. (MO).

Performance

FMCB vs. MO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Farmers & Merchants Bancorp (FMCB) and Altria Group, Inc. (MO). The values are adjusted to include any dividend payments, if applicable.

FMCB vs. MO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FMCB Farmers & Merchants Bancorp	3.95%	6.83%	2.04%	2.51%	11.29%	28.38%	1.00%	11.65%	5.62%	7.90%
MO Altria Group, Inc.	15.47%	18.17%	40.76%	-3.70%	4.37%	24.18%	-10.21%	7.87%	-27.14%	9.45%

Fundamentals

Market Cap FMCB : $803.84M MO : $109.81B
EPS FMCB : $133.85 MO : $4.13
PE Ratio FMCB : 8.59 MO : 15.85
PEG Ratio FMCB : 0.67 MO : 0.34
PS Ratio FMCB : 2.65 MO : 5.27
Total Revenue (TTM) FMCB : $303.13M MO : $20.91B
Gross Profit (TTM) FMCB : $239.29M MO : $14.54B
EBITDA (TTM) FMCB : $131.09M MO : $10.70B

Returns By Period

In the year-to-date period, FMCB achieves a 3.95% return, which is significantly lower than MO's 15.47% return. Over the past 10 years, FMCB has outperformed MO with an annualized return of 9.26%, while MO has yielded a comparatively lower 7.39% annualized return.

FMCB

• 1D: 1.77%
• 1M: -2.52%
• YTD: 3.95%
• 6M: 10.53%
• 1Y: 18.15%
• 3Y*: 6.31%
• 5Y*: 10.09%
• 10Y*: 9.26%

MO

• 1D: -0.77%
• 1M: -3.08%
• YTD: 15.47%
• 6M: 2.27%
• 1Y: 19.22%
• 3Y*: 22.88%
• 5Y*: 13.63%
• 10Y*: 7.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

FMCB vs. MO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FMCB

FMCB Risk / Return Rank: 77
FMCB Sharpe Ratio Rank: 76
FMCB Sortino Ratio Rank: 72
FMCB Omega Ratio Rank: 74
FMCB Calmar Ratio Rank: 81
FMCB Martin Ratio Rank: 81

MO

MO Risk / Return Rank: 65
MO Sharpe Ratio Rank: 71
MO Sortino Ratio Rank: 62
MO Omega Ratio Rank: 63
MO Calmar Ratio Rank: 63
MO Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FMCB vs. MO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Farmers & Merchants Bancorp (FMCB) and Altria Group, Inc. (MO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FMCB	MO	Difference
Sharpe ratio Return per unit of total volatility	1.13	0.92	+0.21
Sortino ratio Return per unit of downside risk	1.74	1.29	+0.44
Omega ratio Gain probability vs. loss probability	1.25	1.18	+0.06
Calmar ratio Return relative to maximum drawdown	2.47	1.02	+1.44
Martin ratio Return relative to average drawdown	6.65	2.64	+4.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FMCB vs. MO - Sharpe Ratio Comparison

The current FMCB Sharpe Ratio is 1.13, which is comparable to the MO Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of FMCB and MO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FMCB	MO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	0.92	+0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.67	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.33	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.56	-0.16

Correlation

The correlation between FMCB and MO is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

FMCB vs. MO - Dividend Comparison

FMCB's dividend yield for the trailing twelve months is around 2.13%, less than MO's 6.41% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMCB Farmers & Merchants Bancorp	2.13%	1.74%	1.71%	1.62%	1.54%	1.59%	1.94%	1.85%	1.99%	2.00%	2.05%	2.39%
MO Altria Group, Inc.	6.41%	7.21%	7.65%	9.52%	8.05%	7.43%	8.29%	6.57%	6.07%	3.56%	3.48%	3.73%

Drawdowns

FMCB vs. MO - Drawdown Comparison

The maximum FMCB drawdown since its inception was -42.00%, smaller than the maximum MO drawdown of -81.02%. Use the drawdown chart below to compare losses from any high point for FMCB and MO.

Drawdown Indicators

	FMCB	MO	Difference
Max Drawdown Largest peak-to-trough decline	-42.00%	-81.02%	+39.02%
Max Drawdown (1Y) Largest decline over 1 year	-7.17%	-16.40%	+9.23%
Max Drawdown (5Y) Largest decline over 5 years	-16.91%	-25.83%	+8.92%
Max Drawdown (10Y) Largest decline over 10 years	-25.24%	-53.69%	+28.45%
Current Drawdown Current decline from peak	-3.74%	-4.48%	+0.74%
Average Drawdown Average peak-to-trough decline	-9.70%	-17.45%	+7.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	6.36%	-3.70%

Volatility

FMCB vs. MO - Volatility Comparison

The current volatility for Farmers & Merchants Bancorp (FMCB) is 5.47%, while Altria Group, Inc. (MO) has a volatility of 5.99%. This indicates that FMCB experiences smaller price fluctuations and is considered to be less risky than MO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMCB	MO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.47%	5.99%	-0.52%
Volatility (6M) Calculated over the trailing 6-month period	12.09%	16.65%	-4.56%
Volatility (1Y) Calculated over the trailing 1-year period	16.13%	21.12%	-4.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.73%	20.46%	+1.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.38%	22.72%	-1.34%

Financials

FMCB vs. MO - Profitability Comparison

The chart below illustrates the profitability comparison between Farmers & Merchants Bancorp and Altria Group, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

FMCB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Farmers & Merchants Bancorp reported a gross profit of 64.66M and revenue of 80.72M. Therefore, the gross margin over that period was 80.1%.

MO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Altria Group, Inc. reported a gross profit of 3.63B and revenue of 5.85B. Therefore, the gross margin over that period was 62.1%.

FMCB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Farmers & Merchants Bancorp reported an operating income of 32.45M and revenue of 80.72M, resulting in an operating margin of 40.2%.

MO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Altria Group, Inc. reported an operating income of 1.65B and revenue of 5.85B, resulting in an operating margin of 28.2%.

FMCB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Farmers & Merchants Bancorp reported a net income of 23.82M and revenue of 80.72M, resulting in a net margin of 29.5%.

MO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Altria Group, Inc. reported a net income of 1.12B and revenue of 5.85B, resulting in a net margin of 19.1%.