Federal National Mortgage Association Fannie Mae (FNMA) FCF Margin (2009 - 2026)
Federal National Mortgage Association Fannie Mae (FNMA) posted quarterly FCF Margin of 122.69% for Q2 2026, up 5666.0% year-over-year from 2.13% in Q2 2025, and down 59.04% quarter-over-quarter from 299.49% in Q1 2026.
Federal National Mortgage Association Fannie Mae (FNMA) FCF Margin (2009 - 2026) Analysis & Trends
Federal National Mortgage Association Fannie Mae (FNMA) has reported FCF Margin for 18 consecutive years, with 122.69% the latest figure, recorded in Q2 2026.
- In Q2 2026, FCF Margin rose 5666.0% year-over-year to 122.69%; the TTM figure through Jun 2026 stood at 149.94% (up 19922.0% YoY), while the FY2025 annual figure was 107.09%, up 15122.0% from the prior year.
- FCF Margin declined to 122.69% in Q2 2026 per FNMA's latest filing, from 299.49% in the prior quarter.
- Across five years, FCF Margin topped out at 299.49% in Q1 2026 and bottomed at 1106.7% in Q4 2024.
- Historically, FCF Margin has averaged 2.36% across 5 years, with a median of 74.69% in 2025.
- Annual changes were most pronounced in 2024 — FCF Margin tumbled 68969 bps — and 2025, when it surged 119005 bps.
- Federal National Mortgage Association Fannie Mae's FCF Margin stood at 145.79% in 2022, then plunged by 386 bps to 417.01% in 2023, then slumped by 165 bps to 1106.7% in 2024, then surged by 108 bps to 83.35% in 2025, then jumped by 47 bps to 122.69% in 2026.
- Business Quant data shows FNMA's FCF Margin at 122.69% in Q2 2026, 299.49% in Q1 2026, and 83.35% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 39.89 Bn | 36.79 Bn | - | -44.76% |
| 2 | Federal National Mortgage Association Fannie Mae | 36.43 Bn | 36.43 Bn | - | 122.69% |
| 3 | Federal Home Loan Mortgage | 18.24 Bn | 13.92 Bn | - | 46.04% |
| 4 | PennyMac Financial Services | 3.95 Bn | 3.20 Bn | 480.08 Mn | 428.66% |
| 5 | CNFinance Holdings | 1.54 Bn | 1.47 Bn | - | - |
| 6 | Walker & Dunlop | 1.34 Bn | 1.18 Bn | - | 381.13% |
| 7 | Velocity Financial | 711.47 Mn | -6.74 Bn | - | -3.99% |
| 8 | UWM Holdings | 482.66 Mn | -15.75 Mn | - | 37.68% |
| 9 | Onity | 303.97 Mn | 107.67 Mn | - | -182.71% |
| 10 | loanDepot | 201.58 Mn | -109.56 Mn | - | 151.27% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 122.69% |
| Mar 31, 2026 | 299.49% |
| Dec 31, 2025 | 83.35% |
| Sep 30, 2025 | 130.96% |
| Jun 30, 2025 | 66.03% |
| Mar 31, 2025 | 60.28% |
| Dec 31, 2024 | -1,106.70% |
| Sep 30, 2024 | -91.26% |
| Jun 30, 2024 | 19.26% |
| Mar 31, 2024 | 119.10% |
| Dec 31, 2023 | -417.01% |
| Sep 30, 2023 | 44.49% |
| Jun 30, 2023 | 29.60% |
| Mar 31, 2023 | 61.02% |
| Dec 31, 2022 | 145.79% |
| Sep 30, 2022 | 125.84% |
| Jun 30, 2022 | 248.60% |
| Mar 31, 2022 | 100.96% |
| Dec 31, 2021 | 128.57% |
| Sep 30, 2021 | -40.83% |