Federal National Mortgage Association Fannie Mae (FNMA) FCF Margin (2009 - 2026)
Federal National Mortgage Association Fannie Mae (FNMA) reported FCF Margin of 122.69% for Q2 2026, up 56.66 percentage points from 66.03% a year earlier but down 108.70 percentage points from the prior quarter.
Federal National Mortgage Association Fannie Mae (FNMA) FCF Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Federal National Mortgage Association Fannie Mae's FCF Margin came in at 141.61%, up 177.24 percentage points year-over-year; for FY2025, it came in at 82.27%, up 116.43 percentage points from FY2024.
- FCF Margin has a five-year change of +389.57 percentage points (FY2020 to FY2025).
- By year, FCF Margin came in at -34.16% in FY2024 (-73.66 pp), 39.50% in FY2023 (-103.16 pp), 142.65% in FY2022 (-7.44 pp) and 150.09% in FY2021 (+457.39 pp).
- Five-year quarterly FCF Margin spans a low of -153.44% in Q4 2024 and a high of 248.60% in Q2 2022.
- Year over year, FCF Margin has now increased in each of the last five quarters, with an average year-over-year change of +47.93 percentage points over the last eight quarters.
- The high point for year-over-year FCF Margin in five years was Q3 2021 (a gain of 491.64 percentage points); the low point was Q1 2022 (a drop of 282.21 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 231.39% (Q1 2026), 83.35% (Q4 2025) and 130.96% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.90 Bn | 29.58 Bn | - | -44.76% |
| 2 | Orix | 42.96 Bn | 43.46 Bn | - | - |
| 3 | Royalty Pharma | 33.48 Bn | 33.39 Bn | - | 108.06% |
| 4 | Federal National Mortgage Association Fannie Mae | 23.94 Bn | 23.94 Bn | - | 122.69% |
| 5 | Affirm Holdings | 23.37 Bn | 17.06 Bn | - | 19.67% |
| 6 | Synchrony Financial | 23.31 Bn | -44.66 Bn | - | 51.00% |
| 7 | Royal Gold | 20.23 Bn | 19.45 Bn | 390.45 Mn | 74.39% |
| 8 | Annaly Capital Management | 15.24 Bn | 6.34 Bn | - | - |
| 9 | Ares Capital | 13.90 Bn | 11.34 Bn | - | - |
| 10 | Federal Home Loan Mortgage | 12.00 Bn | -6.74 Bn | - | 46.04% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 122.69% |
| Mar 31, 2026 | 231.39% |
| Dec 31, 2025 | 83.35% |
| Sep 30, 2025 | 130.96% |
| Jun 30, 2025 | 66.03% |
| Mar 31, 2025 | 48.63% |
| Dec 31, 2024 | -153.44% |
| Sep 30, 2024 | -91.26% |
| Jun 30, 2024 | 19.26% |
| Mar 31, 2024 | 93.92% |
| Dec 31, 2023 | 27.25% |
| Sep 30, 2023 | 44.49% |
| Jun 30, 2023 | 29.60% |
| Mar 31, 2023 | 57.47% |
| Dec 31, 2022 | 145.79% |
| Sep 30, 2022 | 125.84% |
| Jun 30, 2022 | 248.60% |
| Mar 31, 2022 | 42.72% |
| Dec 31, 2021 | 128.57% |
| Sep 30, 2021 | -40.83% |
Federal National Mortgage Association Fannie Mae FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=FNMA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "FNMA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=FNMA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();