Federal National Mortgage Association (FNMAS) Stock Price & Analysis
Federal National Mortgage Association (FNMAS) — price $7.47 (-0.53%), as of the Oct 5, 2026 trading session; market cap $5.87B. Expected results Nov 4, 2026.
Educational signal · not a buy or sell recommendation · How to read this
Market value / cash and short-term investments: 0.51× (market value Oct 5, 2026; cash Jun 30, 2026) · expected results Nov 4, 2026
Federal National Mortgage Association · FNMAS · Financial Services · Financial - Mortgages
Research dated 2026-09-13: Fannie Mae buys residential mortgages from lenders and converts them into mortgage-backed securities, supporting funding across the home-loan market. The case hinges on whether rising activity can produce durable profit and cash generation while the company manages an exceptionally leveraged, investment-heavy balance sheet.
Price as of Oct 5, 2026
Key Statistics
No publishable V2 score is available for this stock yet.
Price & valuation
| Measure | Value | As of |
|---|---|---|
| Latest provided price | $7.47 | |
| Change on the day | -0.53% | |
| 52-week range | $7.31–$17.99 | |
| Market capitalisation | $5.87B | |
| Price / earnings (trailing) | 2.69 | |
| Shares traded on the day | 151.0K | |
| Beta (volatility vs the S&P 500) | 1.71 |
Price & events
Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file. Numbers key to the dated list. Point at or tab to any week for its close.
Events behind the price
- · Earnings results · below the recorded estimate
- · Earnings results · below the recorded estimate
- · Earnings results · below the recorded estimate
- · Earnings results · above the recorded estimate
Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.
Upcoming events
The provider's estimated date can change.
What to watch nextOther perspectives
Council score for Federal National Mortgage Association (FNMAS): perspectives
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
9-Factor Breakdown
Legends Council
3 lenses, 0 current
AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Read on: Sep 5, 2026 · older than the 27 hours refresh window; not a current reading
Munger's Mindset
Balance Sheet & Valuation · historical
Read on: Apr 29, 2026 · older than the 27 hours refresh window; not a current reading
How to read these bars and different assessments
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.
On Apr 29, 2026, the Munger lens read the price at that time as undervalued against its own estimate of value.
Readings on this page are from Oct 6, 2026, except a card that shows its own read date.
Watch the FNMAS film — every key number, told as a short cinematic story
~2 min · open the film
What is Federal National Mortgage Association (FNMAS), and what does it report?
Short answer · as of
Fannie Mae is not primarily a storefront mortgage originator.
Research dated 2026-09-13.
Fannie Mae is not primarily a storefront mortgage originator. It acquires loans made by banks, credit unions, mortgage companies and other lenders, then securitizes them and provides servicing, credit-risk and loss-management functions.
Its reported results reflect a financing and securitization platform spanning home loans and multifamily properties. Multifamily activities extend into bond credit enhancement, structured mortgage-backed securities, agency-security trading and housing-related investments, so revenue should not be read like sales at a conventional lender.
What do the latest results show for Federal National Mortgage Association (FNMAS)?
Short answer · as of
The most recent reported quarter, Q2 FY2026, carried revenue of $40.81B.
Research dated 2026-09-13.
The latest period brought sequential increases in reported revenue and net income, while the latest earnings release exceeded the corresponding revenue and earnings estimates. Operating cash flow stayed positive but retreated from the unusually strong preceding period.
The longer record is less straightforward: annual revenue has climbed across successive periods, yet net income has fallen from an earlier peak. Fannie Mae’s scale therefore does not translate mechanically into profit; mortgage acquisition, securitization, servicing and credit-loss outcomes determine how much activity reaches the bottom line.
Where is operating spending going?
Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.
- Latest quarter · revenue
- $40.81B Jun 30, 2026
- Latest quarter · SG&A
- $463.00M Jun 30, 2026
- Latest quarter · FMP standardized operating result
- $38.30B Jun 30, 2026
| Period end | Revenue | R&D | SG&A | FMP standardized operating result |
|---|---|---|---|---|
| Jun 30, 2026 | $40.81B | Not available | $463.00M | $38.30B |
| Mar 31, 2026 | $39.69B | Not available | $463.00M | $37.69B |
| Dec 31, 2025 | $40.59B | Not available | $1.10B | $37.36B |
| Sep 30, 2025 | $40.40B | Not available | $0.00 | $37.63B |
USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.
Did results meet expectations?
Reported earnings and revenue alongside the estimates recorded by the provider.
- Latest report · revenue
- $7.57B Jul 29, 2026
- Latest report · revenue estimate
- $7.25B Jul 29, 2026
- Latest report · revenue vs estimate
- Above estimate Jul 29, 2026
- Latest report · EPS vs estimate
- Above estimate Jul 29, 2026
| Report date | Revenue · reported | Revenue · estimate | EPS · reported | EPS · estimate |
|---|---|---|---|---|
| Jul 29, 2026 | $7.57B | $7.25B | $0.6760 | $0.6280 |
| Apr 28, 2026 | $7.28B | $7.39B | $0.6310 | $0.6330 |
| Feb 11, 2026 | $7.33B | $7.39B | $0.5960 | $0.6650 |
| Oct 29, 2025 | $7.31B | $7.70B | $0.6550 | $0.6820 |
Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.
Quarterly income statement — 4 quarters
| Period | Revenue | Net income | EPS |
|---|---|---|---|
| Q2 FY2026 | $40.81B | $3.98B | $0.03 (diluted) |
| Q1 FY2026 | $39.69B | $3.72B | $0.01 (diluted) |
| Q4 FY2025 | $40.59B | $1.57B | $0.60 (diluted) |
| Q3 FY2025 | $40.40B | $5.81B | $0.99 (diluted) |
What are the financial strengths and risks for Federal National Mortgage Association (FNMAS)?
Short answer
Cash and short-term investments were $11.41B at the Jun 30, 2026 balance-sheet date. Operating cash flow was $9.25B for the quarter ended Jun 30, 2026, meaning operations generated cash. These figures do not establish a cash runway.
Research dated 2026-09-13.
Cash plus investments stands above reported debt, but nearly all of that investment balance is classified as long term, while immediately available cash and short-term investments are comparatively small. Cash also fell sharply after a temporary rise, making a cash-versus-debt snapshot a poor summary of liquidity.
Operating cash flow has remained positive across recent periods after earlier outflows, which is constructive. The counterweight is extreme leverage, weak conventional liquidity ratios and a balance sheet dominated by mortgage-related assets and liabilities; deterioration in loan performance or credit losses would directly pressure the functions Fannie Mae is built to manage.
Data-derived red flags
- Financial-distress signal — its Altman Z-Score of 0.19 sits in the distress zone (elevated bankruptcy risk).
- Inconsistent delivery — missed Wall Street EPS estimates in 4 of the last 8 reported quarters.
How much cash does the business generate or use?
Quarterly operating cash flow shows cash generated or used by operations.
- Latest quarter · operating cash flow
- $9.25B Jun 30, 2026
- Previous quarter · operating cash flow
- $16.48B Mar 31, 2026
| Period end | Operating cash flow | Capital expenditure (reported) |
|---|---|---|
| Jun 30, 2026 | $9.25B | Not available |
| Mar 31, 2026 | $16.48B | Not available |
| Dec 31, 2025 | $5.99B | Not available |
| Sep 30, 2025 | $9.59B | Not available |
Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.
USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.
What should you watch next at Federal National Mortgage Association (FNMAS)?
Short answer · as of
The next earnings report is expected on Nov 4, 2026.
Research dated 2026-09-13.
Watch whether the next release preserves the latest improvement in revenue and net income, and whether reported results again clear expectations. Analyst averages imply limited near-term revenue movement followed by gradual earnings improvement, so a widening gap between activity and profit would matter more than growth in the headline revenue series alone.
Cash conversion deserves equal attention. Recent operating inflows have been volatile, and cash and short-term investments have swung sharply; steadier inflows alongside stable accessible liquidity would strengthen the financial picture, while renewed outflows would expose the leverage burden.
What the records here don't tell us
- No insider Form 4 transaction falls inside the window this page reads.
Checked against the records this page reads, on the dates shown above.
How is Federal National Mortgage Association scored?
Research dated 2026-09-13.
Fannie Mae sits between mortgage originators and capital-market investors: lenders create the loans, while Fannie Mae acquires and packages them into mortgage-backed securities. That makes lender supply, eligible mortgage flow, servicing and credit performance more important than branch-driven loan production.
Its reach also spans home loans and multifamily finance. The multifamily operation adds credit enhancement for housing-agency bonds, structured securities, agency-security trading and housing-related investments, giving the company a broader role than a mortgage originator or narrowly focused securitizer.
| Company | Price | Market value | Score |
|---|---|---|---|
| $16.20 Oct 5, 2026 | $17.8B | — Model unavailable | |
| $4.84 Feb 18, 2026 | $17.7B | — Model unavailable | |
| $90.02 Oct 5, 2026 | $18.5B | — Model unavailable | |
| $29.40 Oct 5, 2026 | $17.0B | — Model unavailable | |
| $19.45 Sep 29, 2026 | $17.5B | — Model unavailable | |
| $62.95 Oct 5, 2026 | $3.27B | — 5-pillar · not comparable | |
| $97.92 Oct 5, 2026 | $2.06B | — 5-pillar · not comparable | |
| $1.29 Oct 5, 2026 | $1.96B | — 5-pillar · not comparable | |
| $33.06 Oct 5, 2026 | $1.14B | — 5-pillar · not comparable | |
| $11.68 Oct 5, 2026 | $32.9B | — 5-pillar · not comparable | |
| $14.63 Oct 5, 2026 | $571M | — 5-pillar · not comparable | |
| $27.50 Oct 5, 2026 | $233M | — 5-pillar · not comparable |
The comparison model is unavailable. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.
The records behind this page
Who holds the shares?
Institutional ownership reported through 13F filings.
- Institutional ownership
- 0.0% Period end Jun 30, 2026
- Previous quarter · ownership
- 0.0% Prior to period end Jun 30, 2026
- Reporting holders
- 2 Period end Jun 30, 2026
- Previous quarter · holders
- 2 Prior to period end Jun 30, 2026
| Holders in provider snapshot | Shares |
|---|---|
| Capwealth Advisors, LLC | 2,220,938 |
| Pinnacle Holdings, LLC | 6,000 |
Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.
What has been published about Federal National Mortgage Association (FNMAS)?
Federal National Mortgage Association Financial Services Stock: Key Questions Answered
Research dated 2026-09-13; the answers below are from that research, and the full attribution is under Sources. The last question is answered from this page's own dated data, not from the research.
How does Fannie Mae create mortgage-backed securities from lender-originated loans?
Fannie Mae acquires mortgages originated by banks, credit unions, mortgage companies and other lenders, then pools and packages them into its mortgage-backed securities. It also supports servicing, underwriting and credit-risk management around those loans.
Why does Fannie Mae carry so much debt beside a vast investment portfolio?
Debt and liabilities sit beside a similarly vast investment balance, with nearly all reported investments classified as long term. Immediately available cash is far smaller, so liquidity and leverage cannot be judged from the total investment figure alone.
Did Fannie Mae’s latest earnings release clear analyst expectations?
The latest release came in above the corresponding earnings and revenue estimates. That marked an improvement from several preceding releases in which earnings, revenue or each measure fell short.
What separates Fannie Mae’s multifamily activity from its home-loan business?
The home-loan operation acquires and securitizes residential mortgages, while multifamily covers apartment and other multi-unit properties. Multifamily also includes housing-agency bond enhancement, structured securities, agency-security trading and housing-related investments.
What is the FNMAS stock price today?
The last price recorded on this page for Federal National Mortgage Association (FNMAS) is $7.47, as of the Oct 5, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Research written by Codex (gpt-5.6-sol) on 2026-09-13. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.
Sources — records for every figure on this page (65 figures)
The 65 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.
"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.
OFFICIAL — 1 fact from SEC filings and earnings calls
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
id.hq | SEC filing business address | Midtown Center, 1100 15TH ST, NW, Washington, DC, 20005 | OFFICIAL | SEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "Midtown Center, Washington, DC, 20005, US". |
FMP — 59 facts from Financial Modeling Prep endpoint families
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.next | Next earnings date | Nov 4, 2026 | FMP | Financial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it. | |
px.last | Latest provided price | $7.47 | FMP | Financial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-05T19:34:48.440Z. | |
px.change | Change on the day | -0.53% | FMP | Financial Modeling Prep (FMP) · quote | |
px.mcap | Market capitalisation | $5.87B | FMP | Financial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-05. FMP quote timestamp: 2026-10-05T19:19:14.000Z. Captured from FMP at 2026-10-05T19:34:47.327Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares. | |
px.change_abs | Change on the day, in dollars | −$0.04 | FMP | Financial Modeling Prep (FMP) · quote | |
px.range52 | 52-week range | $7.31–$17.99 | FMP | Financial Modeling Prep (FMP) quote | |
px.pe | Price / earnings (trailing) | 2.69 | FMP | Financial Modeling Prep (FMP) · quote | |
px.volume | Shares traded on the day | 151.0K | FMP | Financial Modeling Prep (FMP) · quote | |
px.beta | Beta | 1.71 | FMP | Financial Modeling Prep (FMP) company profile | |
id.ceo | Chief executive | Peter Andrew Akwaboah | FMP | Financial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it. | |
id.employees | Employees | 7,000 | FMP | Financial Modeling Prep (FMP) employee count, from the company's filing | |
fin.q_revenue | Revenue, Q2 FY2026 | $40.81B | FMP | Financial Modeling Prep (FMP) · income statement (quarterly) | |
fin.annual | Revenue and net result by fiscal year | 5 fiscal years, FY2021 through FY2025: FY2021 revenue $101.54B, net result $22.18B; FY2022 revenue $121.60B, net result $12.92B; FY2023 revenue $141.24B, net result $17.41B; FY2024 revenue $152.67B, net result $16.98B; FY2025 revenue $160.56B, net result $14.36B | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements | |
fin.rev_mix | Reported revenue segments | Multifamily Segment $4.61B | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K | |
fin.gross_margin | Gross margin (trailing twelve months) | 77.6% | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.q_table.depth.2026-06-30.revenue_k | Revenue — period end 2026-06-30 | $40.81B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-06-30.sga_k | SG&A — period end 2026-06-30 | $463.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-06-30.operating_result_k | FMP standardized operating result — period end 2026-06-30 | $38.30B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.revenue_k | Revenue — period end 2026-03-31 | $39.69B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.sga_k | SG&A — period end 2026-03-31 | $463.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.operating_result_k | FMP standardized operating result — period end 2026-03-31 | $37.69B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.revenue_k | Revenue — period end 2025-12-31 | $40.59B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.sga_k | SG&A — period end 2025-12-31 | $1.10B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.operating_result_k | FMP standardized operating result — period end 2025-12-31 | $37.36B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.revenue_k | Revenue — period end 2025-09-30 | $40.40B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.sga_k | SG&A — period end 2025-09-30 | $0.00 | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.operating_result_k | FMP standardized operating result — period end 2025-09-30 | $37.63B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
earn.history.depth.2026-07-29.revenue_actual | Revenue · reported — report date 2026-07-29 | $7.57B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-07-29.revenue_estimated | Revenue · estimate — report date 2026-07-29 | $7.25B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-07-29.eps_actual | EPS · reported — report date 2026-07-29 | $0.6760 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-07-29.eps_estimated | EPS · estimate — report date 2026-07-29 | $0.6280 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-04-28.revenue_actual | Revenue · reported — report date 2026-04-28 | $7.28B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-04-28.revenue_estimated | Revenue · estimate — report date 2026-04-28 | $7.39B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-04-28.eps_actual | EPS · reported — report date 2026-04-28 | $0.6310 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-04-28.eps_estimated | EPS · estimate — report date 2026-04-28 | $0.6330 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-11.revenue_actual | Revenue · reported — report date 2026-02-11 | $7.33B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-11.revenue_estimated | Revenue · estimate — report date 2026-02-11 | $7.39B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-11.eps_actual | EPS · reported — report date 2026-02-11 | $0.5960 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-11.eps_estimated | EPS · estimate — report date 2026-02-11 | $0.6650 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-10-29.revenue_actual | Revenue · reported — report date 2025-10-29 | $7.31B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-10-29.revenue_estimated | Revenue · estimate — report date 2025-10-29 | $7.70B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-10-29.eps_actual | EPS · reported — report date 2025-10-29 | $0.6550 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-10-29.eps_estimated | EPS · estimate — report date 2025-10-29 | $0.6820 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
fin.q_table | Quarterly income statement | 4 quarters through Q2 FY2026 | FMP | Financial Modeling Prep (FMP) · income statement (quarterly), as filed | |
fin.cash_investments | Cash and short-term investments | $11.41B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. | |
fin.opcf_latest | Latest-quarter operating cash flow | $9.25B | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-06-30. Negative operating cash flow means cash used. This figure is not a cash-runway estimate. | |
fin.long_term_investments | Long-term investments (classification unverified) | $4.25T | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.total_debt | Total debt | $4.19T | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.price_to_book | Price to book value | 0.22× | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.opcf.depth.2026-06-30.operating_cash_flow_m | Operating cash flow — period end 2026-06-30 | $9.25B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-03-31.operating_cash_flow_m | Operating cash flow — period end 2026-03-31 | $16.48B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-12-31.operating_cash_flow_m | Operating cash flow — period end 2025-12-31 | $5.99B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-09-30.operating_cash_flow_m | Operating cash flow — period end 2025-09-30 | $9.59B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
own.institutions.depth.ownership_pct | Institutional ownership | 0.0% | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026 | |
own.institutions.depth.ownership_pct_previous_quarter | Previous quarter · ownership | 0.0% | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026 | |
own.institutions.depth.holders | Reporting holders | 2 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026 | |
own.institutions.depth.holders_previous_quarter | Previous quarter · holders | 2 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026 | |
own.top_holders.depth.holder_0.shares | Capwealth Advisors, LLC — shares in provider snapshot | 2,220,938 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_1.shares | Pinnacle Holdings, LLC — shares in provider snapshot | 6,000 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. |
UNRECORDED — 2 facts from stored observations whose source was not recorded
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.history | Reported versus estimated, recent quarters | EPS beat 3 of 8 | UNRECORDED | Stored earnings-history observation — Captured 2026-10-01 · Expired observation | |
fin.scores | Distress and quality screens | Altman Z 0.19 · Piotroski F 7 | UNRECORDED | Stored financial-scores observation — Captured 2026-10-05 |
COMPUTED — 3 facts from our arithmetic, formula restated
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
fin.mcap_to_cash | Market value per dollar of cash and short-term investments | 0.51× | — | COMPUTED | Computed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $11.41B at Jun 30, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-05. Balance-sheet reference date: 2026-06-30. The inputs do not establish a single common source date for this ratio. |
earn.history.depth.2026-07-29.revenue_actual.comparison | Latest report · revenue vs estimate | Above estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($7.57B) with the recorded estimate ($7.25B) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
earn.history.depth.2026-07-29.eps_actual.comparison | Latest report · EPS vs estimate | Above estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($0.6760) with the recorded estimate ($0.6280) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
Fact-family notes
- Quarterly statement note. Source series as of 2026-06-30. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs:
fin.q_table.depth.2026-06-30.revenue_k,fin.q_table.depth.2026-06-30.sga_k,fin.q_table.depth.2026-06-30.operating_result_k,fin.q_table.depth.2026-03-31.revenue_k,fin.q_table.depth.2026-03-31.sga_k,fin.q_table.depth.2026-03-31.operating_result_k,fin.q_table.depth.2025-12-31.revenue_k,fin.q_table.depth.2025-12-31.sga_k,fin.q_table.depth.2025-12-31.operating_result_k,fin.q_table.depth.2025-09-30.revenue_k,fin.q_table.depth.2025-09-30.sga_k,fin.q_table.depth.2025-09-30.operating_result_k. - Earnings-history note. Source series as of 2026-07-29. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs:
earn.history.depth.2026-07-29.revenue_actual,earn.history.depth.2026-07-29.revenue_estimated,earn.history.depth.2026-07-29.revenue_actual.comparison,earn.history.depth.2026-07-29.eps_actual.comparison,earn.history.depth.2026-07-29.eps_actual,earn.history.depth.2026-07-29.eps_estimated,earn.history.depth.2026-04-28.revenue_actual,earn.history.depth.2026-04-28.revenue_estimated,earn.history.depth.2026-04-28.eps_actual,earn.history.depth.2026-04-28.eps_estimated,earn.history.depth.2026-02-11.revenue_actual,earn.history.depth.2026-02-11.revenue_estimated,earn.history.depth.2026-02-11.eps_actual,earn.history.depth.2026-02-11.eps_estimated,earn.history.depth.2025-10-29.revenue_actual,earn.history.depth.2025-10-29.revenue_estimated,earn.history.depth.2025-10-29.eps_actual,earn.history.depth.2025-10-29.eps_estimated. - Cash-flow note. Source series as of 2026-06-30. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs:
fin.opcf.depth.2026-06-30.operating_cash_flow_m,fin.opcf.depth.2026-03-31.operating_cash_flow_m,fin.opcf.depth.2025-12-31.operating_cash_flow_m,fin.opcf.depth.2025-09-30.operating_cash_flow_m.
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Sources used for research written 2026-09-13
Historical evidence preserved with this analysis. Current figures are listed separately above.
| Evidence | Captured value | Source date | Source type | Source |
|---|---|---|---|---|
| Legal name | FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE Our market-data provider lists the name as "Federal National Mortgage Association"; the filer's own record is used here. | 2026-02-11 | OFFICIAL | SEC EDGAR — 10-K filed 2026-02-11 |
| Business description | The Federal National Mortgage Association, widely known as Fannie Mae, serves a crucial role in providing financial stability and liquidity to the United States' mortgage market. It accomplishes this by taking mortgage loans originated by various lenders and packaging them into Fannie Mae mortgage-backed securities (MBS). The company's operations are divided into two primary segments: Single-Family and Multifamily. The Single-Family division acquires and securitizes a broad spectrum of residential home loans. This includes conventional fixed or adjustable-rate first-lien mortgages, as well as loans insured by the Federal Housing Administration, guaranteed by the Department of Veterans Affairs or the USDA's Rural Development Housing and Community Facilities Program, and financing for manufactured homes. Additionally, this segment offers mortgage servicing along with credit risk and loss management solutions. The Multifamily segment focuses on similar activities for apartment complexes and other multi-unit residential properties, converting these loans into Fannie Mae MBS. It also bolsters the creditworthiness of bonds issued by state and local housing finance authorities that fund multifamily housing projects. Beyond this, the segment is involved in issuing structured MBS backed by its multifamily securities, trading multifamily agency MBS, investing in low-income housing tax credit (LIHTC) multifamily developments, and providing specialized underwriting, servicing, and risk management for multifamily mortgages. Fannie Mae's extensive network of clients includes mortgage banking companies, savings and loan associations, commercial banks, credit unions, insurance firms, private mortgage originators, and state and local housing finance agencies. The institution was established in 1938 and maintains its headquarters in Washington, D.C. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) company profile |
| Annual revenue and net result (USD millions) | Captured record · 5 entries
| 2025-12-31 | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements |
| Operating cash flow by quarter (USD millions) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements |
| Cash, investments and debt | Total debt: $4.19T; Liquidity basis: cash and short-term investments; Total liabilities: $4.22T; Cash and short-term investments: $11.41B; Cash and investments: $4.27T; Long-term investments: $4.25T; Long-term investments classification: unclassified Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's balance sheet |
| Trailing twelve-month ratio set | Quick ratio: 0.59; Current ratio: 0.59; Debt to equity: 35.95; Net margin: 9.3%; Gross margin: 77.6%; Operating margin: 72.8%; Return on assets: 0.3%; Return on equity: 13.6% Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm |
| Sector / industry (provider taxonomy) | Financial Services / Financial - Mortgages The company's SEC filings classify it under SIC 6111 — Federal & Federally-Sponsored Credit Agencies. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) company profile |
| Revenue by segment | Multifamily Segment: $4.61B | 2023-12-31 | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K |
| Quarterly income statement (USD thousands) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements |
| Reported versus estimated, last 8 quarters | Captured record · 8 entries
| 2026-07-29 | FMP | Financial Modeling Prep (FMP) earnings |
| Recent SEC filings |
| 2026-07-29 | OFFICIAL | SEC EDGAR filer submissions |
| Most recent periodic reports | Annual: Document: https://www.sec.gov/Archives/edgar/data/310522/000031052226000015/fnm-20251231.htm, Filed: 2026-02-11, Period end: 2025-12-31; Quarterly: Document: https://www.sec.gov/Archives/edgar/data/310522/000031052226000064/fnm-20260630.htm, Filed: 2026-07-29, Period end: 2026-06-30 | 2026-07-29 | OFFICIAL | SEC EDGAR filer submissions |
| Cash and investment components | Total basis: cash short and long-term investments; Total: $4.27T; Cash and short-term investments: $11.41B; Long-term investments: $4.25T; Long-term investments classification: unclassified Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures. | 2026-06-30 | COMPUTED | Computed from the balance sheet |
| Cash and short-term investments over time (USD millions) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's quarterly balance sheets |
| Distress and quality screens | Altman Z-score: 0.19; Piotroski F-score: 7 Altman Z below 1.8 is the conventional distress zone. The screen is built for manufacturers and industrials; for banks, insurers and property companies it is not a meaningful reading. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) financial scores |
| Next earnings report | Date: 2026-11-04; EPS estimate: $0.658 per share; Revenue estimate: $7.30B The date is our provider's estimate until the company confirms it. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) earnings calendar |
| Analyst revenue and earnings estimates (average) | Captured record · 4 entries
| 2026-09-13 | FMP | Financial Modeling Prep (FMP) analyst estimates |
Data provided for informational purposes only.