Dashboard|FNMA – Overview

FNMA

FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE

Other • CIK: 0000310522

Market Cap

—

P/E (TTM)

—

Rev Growth (TTM)

-0.4%

Net Margin (TTM)

0.0%

FCF Yield (TTM)

—

FCF Margin (TTM)

82.8%

LATEST EARNINGS

•

Q4 FY2025

•

22 days ago

•View source

Revenue

$7.33B

+0.0%

Net Income

$3.53B

-8.6%

EPS

$0.00

—

Net

48.1%↓ -4.7%

•Net worth grew to a record $109.0 billion at the end of 2025, up $14.4 billion from the prior year.
•Annual administrative expenses were reduced by $141 million from 2024, with a $40 million reduction in administrative expenses.
•Net revenues were stable on a quarterly and annual basis at $7.3 billion and $29.0 billion, respectively.
•Achieved 14 straight years of annual profitability, reflecting effective long-term risk management.

View Full Earnings →

Cash Flow Health

Free Cash Flow6/8 positive

TTM$24.0B

Q4 '25

$6.0B-37%

Q3 '25

$9.6B+95%

FCF Margin

TTM82.8%

Q4 '2581.7%-38%

Sector: 0.0%Top 10%

OCF Margin82.8%

OCF/NI2665.44x

CapEx Coverage–

FCF Yield–

FCF Growth (2Y)–

Cash Conversion Cycle

0 days

DSO: 0+DIO: –−DPO: –

View Insights from Latest Filing →View Full Cash Flow Statement →

Capital Allocation & Returns

Total Shareholder Yield

TTM0.0%

Div Yield0.0%

Insufficient data

Dividend & Payout Metrics

Dividend Yield (TTM)0.0%

Free Cash Flow (TTM)$24.0B

Capital Return / FCF0.0%

Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM

–

P25MedianP75

(med: 0.0%)

DuPont BreakdownROIC = Margin × Turn × (1+D/E)

NOPAT Margin

–

Asset Turnover

0.01x

8Q: 0.01x

Leverage (1+D/E)

1.00x

D/E: 0.00x

Asset & CapEx Efficiency

Asset-based ROIC formula

Full Analysis

QUARTERLY TRENDS

Last 8 quarters + TTM

Metric	TTM	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024
Revenue	$29.0B	$7.3B↑0.3%	$7.3B↑0.9%	$7.2B↑2.2%	$7.1B↓2.9%	$7.3B↓0.6%	$7.3B↑0.1%	$7.3B↑3.4%	$7.1B
Operating Income	$19.4B	$4.9B↓6.0%	$5.2B↑5.4%	$4.9B↑9.2%	$4.5B↓5.1%	$4.7B↓4.8%	$5.0B↑0.9%	$4.9B↑3.5%	$4.8B
Net Income	$9.0M	$0↓100.0%	$10.0M↑242.9%	$-7.0M↓216.7%	$6.0M↑100.0%	$3.0M↑200.0%	$-3.0M↓142.9%	$7.0M↑275.0%	$-4.0M
Operating Cash Flow	$24.0B	$6.0B↓37.5%	$9.6B↑95.3%	$4.9B↑40.0%	$3.5B↑128.3%	$-12.4B↓83.2%	$-6.8B↓554.5%	$1.5B↓79.2%	$7.1B
Free Cash Flow	$24.0B	$6.0B↓37.5%	$9.6B↑95.3%	$4.9B↑40.0%	$3.5B↑128.3%	$-12.4B↓83.2%	$-6.8B↓554.5%	$1.5B↓79.2%	$7.1B
Total Equity	N/A

Income Statement Cash Flow Statement Balance Sheet

Valuation Analysis

Price-to-EarningsTTM

–

Valuation Lenses

Earnings

–

vs – sector

Cash Flow

-2.7x

EV/FCF vs –

Growth-Adj

–PEG

N/A

Quality-Adj

–P/E per %ROIC

ROIC: –

Shareholder Returns

Dividend

–

Buyback

–

Total Yield

–

Market Cap$0

EV$-64.11B

Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score

43/100

Average

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Below Avg

0.0%

8Q:–

Return on Invested Capital (ROIC)

–

8Q:–

vs Sector:0.0%

Earnings Quality

Cash Conversion

2665.44x

OCF / Net Income ✓

FCF Consistency

–

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin–

Capital Efficiency

Invested Capital Turnover–

Working Capital

Cash Conversion Cycle0 days

Growth Quality & Momentum

Low Quality

Growth Quality Score

50/100

Growth 40%

Margins 30%

FCF 20%

Consistency 10%

Growth Rates

Revenue Growth YoY

-0.4%

OpInc Growth YoY

2.6%

EPS Growth YoY

N/A

FCF 3Y CAGR

N/A

Growth Quality Analysis

⚠Sustainability Index: 3.0/10 - Growth sustainability concerns

Margin Quality & Sustainability

Low Quality

Profitability Cascade

Gross

—

Operating

—

Net

0.0%

Margins Unknown

Earnings Quality Signals

SBC / Revenue

—

FCF vs Net Gap

+82.8 pts

FCF: 82.8% | Net: 0.0%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Fortress

Net Debt / EBITDA

Net Cash

(0.0x)Net Cash: $42.58B

Interest Coverage

–

+Net cash position: $42.58B

Leverage Metrics

Debt-to-Equity

0.00x

Balance sheet risk & solvency analysis