FNMA vs EXR vs USB Stock Comparison

Federal National Mortgage Association Fannie Mae, Extra Space Storage and Us Bancorp \De\ Prices as of Nov 3, 2026 Peers: Industry group
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EXR Extra Space Storage Inc.
$156.23 +17.3% 1M +19.1% 1Y
Market cap
$34.06B
P/E
32.8x
Revenue (TTM)
$3.48B
Div. yield
0.04%
Self-Storage REITs Real Estate
2 wins
USB Us Bancorp \De\
$59.88 +4.1% 1M +28.4% 1Y
Market cap
$94.69B
P/E
12.1x
Revenue (TTM)
$29.58B
Div. yield
0.03%
Money Center Banks Financial Services
7 wins

Head to Head

12 decided of 12

Us Bancorp \De\ leads on 7 of the 12 questions below (Us Bancorp \De\ 7, Federal National Mortgage Association Fannie Mae 3, Extra Space Storage 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFNMAEXRUSBLeader
Larger companyMarket capitalisation $29.16B $34.06B $94.69B USB
Cheaper on earningsLower P/E, profitable companies only 23.3x 32.8x 12.1x USB
Cheaper on forward earningsLower price / next fiscal year consensus EPS 1.9x 32.4x 11.6x FNMA
Faster revenue growthRevenue growth, trailing twelve months -0.1% +4.1% +6.7% USB
More profitableNet margin, trailing twelve months 4.2% 29.9% 26.4% EXR
Better return on capitalReturn on invested capital 2.9% 5.3% 12.6% USB
Less leveragedLower net debt / EBITDA — 5.8x 3.8x USB
Higher dividend yieldTrailing dividend yield 0.00% 0.04% 0.03% EXR
Better 1-year returnPrice return, last 12 months -52.9% +19.1% +28.4% USB
Better 5-year returnAnnualised price return, 5 years +37.9%/yr -4.7%/yr -0.1%/yr FNMA
Less volatileAnnualised volatility, 1 year 86.5% 22.6% 22.3% USB
Higher overall scoreMean of the five percentile scores vs peers 55/100 55/100 44/100 FNMA

Percentile Scorecard

FNMAEXRUSB

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisFNMAEXRUSB
Valuation 67 #57 of 168 15 #124 of 146 38 #223 of 360
Growth 87 #22 of 163 61 #57 of 145 47 #183 of 344
Profitability 61 #60 of 154 86 #21 of 141 77 #81 of 345
Financial Health 6 #153 of 162 54 #68 of 146 10 #305 of 339
Shareholder Returns – 58 #58 of 136 47 #188 of 352
Overall 55 55 44
  • FNMA ranked among 173 companies in Lending and Credit
  • EXR ranked among 149 companies in Property REITs
  • USB ranked among 368 companies in Banking

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodFNMAEXRUSBSPY
1 month +22.5%+17.3%+4.1% -2.0%
3 months -7.8%+4.3%-6.8% -2.2%
6 months -33.9%+11.8%+7.7% +4.2%
Year to date -50.3%+20.0%+12.2% +10.6%
1 year -52.9%+19.1%+28.4% +10.4%
3 years +601.3%+46.1%+68.7% +73.6%
3 years, per year +91.5%+13.5%+19.1% +20.2%
5 years +398.1%-21.4%-0.7% +61.6%
5 years, per year +37.9%-4.7%-0.1% +10.1%
10 years +225.0%+121.9%+35.9% +261.3%
10 years, per year +12.5%+8.3%+3.1% +13.7%

Risk

MeasureFNMAEXRUSBSPY
Volatility, 1Y 86.5%22.6%22.3% 12.8%
Downside volatility, 1Y 74.4%22.0%23.4% 12.8%
Beta vs S&P 500, 1Y 1.180.280.62 1.00
Return / volatility, 1Y -0.610.851.28 0.81
Max drawdown, 5Y -78.7%-54.5%-54.7% -25.4%
From 52-week high -55.4%0.0%-8.5% -3.2%
52-week high $11.95$156.23$65.41 $779.14
52-week low $3.26$126.69$45.47 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleFNMAEXRUSB
P/E now vs peer median 24.9xmedian 11.8x 31.7xmedian 26.1x 11.9xmedian 12.4x
P/S now vs peer median 1.0xmedian 2.7x 9.4xmedian 4.1x 3.2xmedian 3.5x
EV/EBITDA now vs peer median —median 13.1x 19.9xmedian 14.4x 7.5xmedian 4.9x
P/FCF now vs peer median 1.0xmedian 6.0x 28.5xmedian 21.6x 7.4xmedian 11.0x
P/B now vs peer median 0.3xmedian 0.7x 2.4xmedian 1.3x 1.4xmedian 1.2x
PEG now vs peer median 0.05median 0.33 6.09median 1.95 0.98median 1.33

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsFNMAEXRUSB
Revenue $30.12B $3.48B $29.58B
Gross profit – $2.54B –
Operating income – $1.52B –
Net income $15.41B $1.09B $8.17B
Free cash flow $32.60B $1.15B $12.53B
EPS (diluted) $0.21 $4.72 $5.01
Cash & equivalents – $114.82M –
Total debt $4.17T $13.41B $96.01B
Shares (diluted) 5.89B 220.36M 1.56B
Enterprise value $29.16B $32.98B $94.69B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricFNMAEXRUSB
P/E 24.9x 31.7x 11.9x
P/FCF 1.0x 28.5x 7.4x
P/Operating cash flow 1.0x 17.1x 7.4x
P/S 1.0x 9.4x 3.2x
P/B 0.3x 2.4x 1.4x
P/Tangible book 0.3x 2.4x 1.5x
EV/EBITDA – 19.9x 7.5x
EV/EBIT 27.5x 30.2x 7.8x
EV/Revenue 139.5x 13.2x 6.4x
EV/FCF 128.8x 40.0x 15.1x
EV/Operating cash flow 128.8x 24.0x 15.1x
PEG (3Y EPS CAGR) 0.05 6.09 0.98

Growth

14 metrics
MetricFNMAEXRUSB
Revenue growth (1Y) -0.1% 4.1% 6.7%
Revenue CAGR (3Y) 0.4% 15.3% 3.2%
Gross profit growth (1Y) – 4.2% –
Gross profit CAGR (3Y) – 13.4% –
Operating income growth (1Y) – 7.1% –
Operating income CAGR (3Y) – 11.2% –
Net income growth (1Y) 2.9% 8.9% 18.4%
Net income CAGR (3Y) 1.1% 8.9% 12.1%
EPS growth (1Y) 10,350% 10.0% 19.9%
EPS CAGR (3Y) 493.4% 5.2% 12.2%
Operating cash flow growth (1Y) 480.8% 1.1% 68.8%
Operating cash flow CAGR (3Y) 17.2% 12.9% -4.9%
Free cash flow growth (1Y) 480.8% 34.3% 68.8%
Free cash flow CAGR (3Y) 17.2% 10.3% -4.9%

Profitability

14 metrics
MetricFNMAEXRUSB
Gross margin – 73.0% –
EBITDA margin – 66.5% 85.2%
Operating margin – 43.8% –
Pretax margin 63.7% 29.8% 34.5%
Net margin 4.2% 29.9% 26.4%
FCF margin 108.2% 33.0% 42.3%
Operating cash flow margin 108.2% 55.0% 42.3%
Return on equity 13.0% 7.8% 12.2%
Return on assets 0.4% 3.7% 1.1%
Return on invested capital 2.9% 5.3% 12.6%
Return on capital employed – – –
Asset turnover 0.0x 0.1x 0.0x
Cash conversion (OCF / net income) 2.1x 1.8x 1.5x
Stock comp / revenue – 1.1% –

Financial Health

11 metrics
MetricFNMAEXRUSB
Debt / assets 96.6% 46.3% 13.2%
Debt / equity 34.8x 1.0x 1.4x
Net debt / EBITDA – 5.8x 3.8x
Debt / FCF 127.9x 11.7x 7.7x
Liabilities / assets 97.2% 52.5% 90.6%
Equity / assets 2.8% 47.5% 9.4%
Interest coverage 1.1x – 1.7x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricFNMAEXRUSB
Dividend yield – 4.1% 3.5%
Net buyback yield – 1.4% 0.7%
Shareholder yield 0.0% 5.6% 4.2%
Payout ratio (earnings) – 125.6% 39.5%
Payout ratio (FCF) – 119.3% 25.7%
Dividend growth (1Y) – -0.6% 3.2%
Dividend CAGR (3Y) – 14.8% 3.8%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusFNMAEXRUSB
Forward P/E 1.9xFY2026 32.4xFY2026 11.6xFY2026
EPS, next fiscal year $2.78FY2026 $4.82FY2026 $5.17FY2026
EPS growth, next FY +13.9%FY2026 +5.0%FY2026 +11.9%FY2026
EPS growth, the year after -7.9% -2.1% +18.8%
Revenue, next fiscal year $31.10BFY2026 $3.38BFY2026 $30.11BFY2026
Revenue growth, next FY +7.4%FY2026 +0.1%FY2026 +5.1%FY2026
Revenue growth, the year after -7.3% +11.4% +16.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFNMAEXRUSB
Held by institutions 0.0% 97.5% 81.7%
Institutions holding 25 798 2,070
Change in shares held, QoQ +58.6% +2.2% +2.1%
Institutions buying 13 388 965
Institutions selling 2 267 762
Buyers to sellers 6.50 1.45 1.27

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

FNMAEXRUSB
FNMA 1.00 0.06 0.23
EXR 0.06 1.00 0.37
USB 0.23 0.37 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FNMA, EXR and USB?

Us Bancorp \De\ (USB) is the largest by market capitalisation: Federal National Mortgage Association Fannie Mae (FNMA) $29.16B, Extra Space Storage (EXR) $34.06B, Us Bancorp \De\ (USB) $94.69B.

Which stock is cheaper, FNMA, EXR and USB?

Us Bancorp \De\ (USB) trades on the lowest price-to-earnings ratio (Federal National Mortgage Association Fannie Mae (FNMA) 23.3x, Extra Space Storage (EXR) 32.8x, Us Bancorp \De\ (USB) 12.1x). On next year's consensus earnings, Federal National Mortgage Association Fannie Mae (FNMA) is cheapest (Federal National Mortgage Association Fannie Mae (FNMA) 1.9x, Extra Space Storage (EXR) 32.4x, Us Bancorp \De\ (USB) 11.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Us Bancorp \De\ (USB) grew revenue fastest over the trailing twelve months: Federal National Mortgage Association Fannie Mae (FNMA) -0.1%, Extra Space Storage (EXR) +4.1%, Us Bancorp \De\ (USB) +6.7%.

Which company is more profitable?

Extra Space Storage (EXR) has the highest net margin (Federal National Mortgage Association Fannie Mae (FNMA) 4.2%, Extra Space Storage (EXR) 29.9%, Us Bancorp \De\ (USB) 26.4%). On return on invested capital, Us Bancorp \De\ (USB) leads (Federal National Mortgage Association Fannie Mae (FNMA) 2.9%, Extra Space Storage (EXR) 5.3%, Us Bancorp \De\ (USB) 12.6%).

Which stock has performed better?

Over the past year Us Bancorp \De\ (USB) returned the most: Federal National Mortgage Association Fannie Mae (FNMA) -52.9%, Extra Space Storage (EXR) +19.1%, Us Bancorp \De\ (USB) +28.4%. Over five years, Federal National Mortgage Association Fannie Mae (FNMA) compounded fastest (Federal National Mortgage Association Fannie Mae (FNMA) +37.9%/yr, Extra Space Storage (EXR) -4.7%/yr, Us Bancorp \De\ (USB) -0.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Extra Space Storage (EXR) has the highest dividend yield: Federal National Mortgage Association Fannie Mae (FNMA) 0.00%, Extra Space Storage (EXR) 0.04%, Us Bancorp \De\ (USB) 0.03%. Federal National Mortgage Association Fannie Mae (FNMA) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Us Bancorp \De\ (USB) has been the steadiest (Federal National Mortgage Association Fannie Mae (FNMA) 86.5%, Extra Space Storage (EXR) 22.6%, Us Bancorp \De\ (USB) 22.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FNMA, EXR and USB?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Us Bancorp \De\ (USB) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.