Federal National Mortgage Association Fannie Mae (FNMA) Return on Invested Capital [ROIC] (2011 - 2026)
Federal National Mortgage Association Fannie Mae's Return on Invested Capital [ROIC] came in at 2.85% for Q3 2026, up 0.13 percentage points from 2.72% a year earlier and up 0.05 percentage points from the prior quarter.
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Analysis
Federal National Mortgage Association Fannie Mae (FNMA) Return on Invested Capital [ROIC] (2011 - 2026) Analysis & Trends
For FY2025, Federal National Mortgage Association Fannie Mae's Return on Invested Capital [ROIC] was 2.75%, up 0.10 percentage points from FY2024.
- Return on Invested Capital [ROIC] has increased in each of the last four years, with a five-year change of +0.66 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 2.65% in FY2024 (+0.19 pp), 2.46% in FY2023 (+0.45 pp), 2.01% in FY2022 (+0.10 pp) and 1.91% in FY2021 (-0.18 pp).
- The Q3 2026 figure represents the highest quarterly Return on Invested Capital [ROIC] since Q3 2019.
- Year-over-year, Return on Invested Capital [ROIC] has increased for 18 consecutive quarters, with an average year-over-year change of +0.13 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q4 2023 (a gain of 0.45 percentage points), and the weakest in Q4 2021 (a drop of 0.13 percentage points).
- Business Quant data shows FNMA's Return on Invested Capital [ROIC] at 2.81% (Q2 2026), 2.78% (Q1 2026) and 2.75% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 42.82 Bn | 31.64 Bn | - | 4.45% |
| 2 | Orix | 38.85 Bn | 7.58 Bn | 12.74 Bn | 2.96% |
| 3 | Royalty Pharma | 30.02 Bn | 27.40 Bn | - | - |
| 4 | Federal National Mortgage Association Fannie Mae | 26.05 Bn | 26.05 Bn | - | 2.85% |
| 5 | Synchrony Financial | 23.55 Bn | -44.08 Bn | - | 25.70% |
| 6 | Affirm Holdings | 23.27 Bn | 16.32 Bn | - | 6.19% |
| 7 | Royal Gold | 22.53 Bn | 21.71 Bn | 390.45 Mn | 9.67% |
| 8 | Annaly Capital Management | 14.32 Bn | 5.27 Bn | - | 12.15% |
| 9 | Ares Capital | 13.77 Bn | 11.52 Bn | - | - |
| 10 | Federal Home Loan Mortgage | 12.90 Bn | -5.77 Bn | - | 41.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.85% |
| Jun 30, 2026 | 2.81% |
| Mar 31, 2026 | 2.78% |
| Dec 31, 2025 | 2.75% |
| Sep 30, 2025 | 2.72% |
| Jun 30, 2025 | 2.69% |
| Mar 31, 2025 | 2.67% |
| Dec 31, 2024 | 2.65% |
| Sep 30, 2024 | 2.60% |
| Jun 30, 2024 | 2.56% |
| Mar 31, 2024 | 2.52% |
| Dec 31, 2023 | 2.45% |
| Sep 30, 2023 | 2.32% |
| Jun 30, 2023 | 2.21% |
| Mar 31, 2023 | 2.10% |
| Dec 31, 2022 | 1.99% |
| Sep 30, 2022 | 1.97% |
| Jun 30, 2022 | 1.90% |
| Mar 31, 2022 | 1.88% |
| Dec 31, 2021 | 1.85% |
API Access
Federal National Mortgage Association Fannie Mae Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=FNMA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=FNMA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();