FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE
FNMA, FNMFN, FNMAM, FNMAN, FNMAI, FNMAT, FNMAK, FNMAL, FNMFM, FNMAO, FNMAG, FNMFO, FNMAH, FNMAJ, FNMAP, FNMAS · Federal & Federally-Sponsored Credit Agencies · 1.16B shares · -82%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $1.1B (gross $1.1B)
Reference price $6.40 · est. market cap ~$7.4B — last insider sale, 2025-05-08 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C58Fannie Mae — GSE in conservatorship; profitable but structurally constrained.
Strengths
- ROE 13.2% (71st pct), enormous scale
- Central to US mortgage market
Risks
- Conservatorship / capital-status uncertainty
- Extreme leverage (D/E 38, 100th)
- Government-policy and housing-cycle dependence
Notable findings
- High leverageHigh leverage (debt/equity 38.12)
- Buying back stockNet buyback — share count -82%/yr over 4y
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Net margin
49.6%
Return on equity
13.2%
Return on assets
0.3%
Revenue growth (QoQ)
-0.7%
Net-income growth
-15.4%
Debt / equity
38.1×
Tangible book value
$109.0B
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2025-05-08 | Stucky Michael | Sell | 8.0K | $6.40 |
| 2025-05-06 | Stucky Michael | Buy | 8.0K | $6.41 |
| 2025-01-17 | AKWABOAH PETER | L | 24 | $6.32 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (0)
Suppliers (2)
Named in the 10-K; linked when we track them.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-04-29 | 2026-03-31 | 0000310522-26-000040 ↗ |
| 8-K | 2026-04-29 | 2026-04-29 | 0000310522-26-000041 ↗ |
| 8-K | 2026-02-23 | 2026-02-23 | 0000310522-26-000030 ↗ |
| 8-K | 2026-02-11 | 2026-02-11 | 0000310522-26-000016 ↗ |
| 10-K | 2026-02-11 | 2025-12-31 | 0000310522-26-000015 ↗ |
| 8-K | 2026-02-06 | 2026-02-03 | 0000310522-26-000003 ↗ |
| 8-K | 2025-10-29 | 2025-10-23 | 0000310522-25-000516 ↗ |
| 8-K | 2025-10-29 | 2025-10-29 | 0000310522-25-000513 ↗ |
| 10-Q | 2025-10-29 | 2025-09-30 | 0000310522-25-000512 ↗ |
| 8-K | 2025-10-24 | 2025-10-22 | 0000310522-25-000501 ↗ |
| 8-K/A | 2025-10-10 | 2025-04-14 | 0000310522-25-000493 ↗ |
| 8-K | 2025-10-08 | 2025-10-06 | 0000310522-25-000491 ↗ |