Federal National Mortgage Association (FNMA) Stock Price & Analysis
Federal National Mortgage Association (FNMA) closed at USD 4.22 on Thursday, October 22, 2026, up 13.14% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 3.73; the Oct 22, 2026 session ranged USD 3.64–4.57 on volume of 5,680,032 shares. Market capitalization is $4.89B, with a 52-week range of USD 2.96–12.39 (OQB). Source: Nexqual, retrieved October 23, 2026 at 10:30 UTC.
Also available as compact Markdown for AI agents: nexqual.com/FNMA.md
Key facts (FNMA)
- Last four reported quarters (through Jun 30, 2026): revenue $29.5B, net income $15.1B (51.2% margin) (SEC filings).
- Valuation: P/E 0.3x (avg 2.0x at the last 3 fiscal year-ends).
- Analysts: Hold (mean 3.17 on a 1–5 scale) (6 analysts), mean target USD 7.4 (range 3.5–18).
- Total return with dividends: 1Y -64.7% vs S&P 500 +14.9%; 5Y +414.6% vs S&P 500 +80.3%.
- Next earnings: 2026-10-28, EPS estimate USD 0, revenue estimate $7.28B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (FNMA)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $29.9B | $29.7B | $29.0B | $29.1B | $29.0B | $29.5B |
| Net income | $22.2B | $12.9B | $17.4B | $17.0B | $14.4B | $15.1B |
| EPS (diluted) | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | — |
| Net margin | 74.0% | 43.5% | 59.9% | 58.4% | 49.6% | 51.2% |
| Revenue growth | +18.2% | -0.7% | -2.3% | +0.1% | -0.4% | — |
| Cash + short-term investments | $42.4B | $58.0B | $35.8B | $38.9B | $42.6B | — |
| Total debt | $4.16T | $4.21T | $4.21T | $4.22T | $4.16T | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (FNMA)
P/E 0.3x · P/S 0.2x · P/B 0.0x · Earnings yield 308.73%
P/E at fiscal year-ends: Dec 2025 4.4x, Dec 2024 1.1x, Dec 2023 0.4x.
Analysts (FNMA)
Consensus Hold (mean 3.17 on a 1–5 scale), 6 analysts; mean target USD 7.4 (low 3.5, high 18).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-28 | Keefe, Bruyette & Woods | Target lowered | Underperform | $6.25 → $3.5 |
| 2026-07-30 | B. Riley Securities | Target lowered | Neutral | $8 → $7 |
Total return (dividends reinvested) (FNMA)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -64.7% | +414.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -64.8% | +38.7% |
| Volatility (annualized) | 86.2% | 80.0% |
| Max drawdown | -73.6% (Dec 2025→Oct 2026) | -74.3% (Sep 2025→Oct 2026) |
FNMA company outlook (results filed Jul 29, 2026)
- “(8) Primarily consists of foreclosed property income (expense), change in the expected benefits from our freestanding credit enhancements, and gains (losses) from partnership investments.”
Quoted word-for-word from the SEC 8-K results press release.
FNMA analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.00 | $0.00 | — | $7.28B | 1 |
| Next quarter (ends Dec 2026) | $0.00 | $0.00 | — | $7.32B | 1 |
| Current fiscal year (ends Dec 2026) | $0.04 | $0.01 | +300.0% | $29.26B | 1 |
| Next fiscal year (ends Dec 2027) | $0.00 | $0.00 | — | $29.96B | 1 |
Key Statistics (as of October 23, 2026 at 10:30 UTC)
| Price | USD 4.22 |
|---|---|
| Change | ▲ 13.14% (up) |
| Previous Close | USD 3.73 |
| Open | USD 3.72 |
| Day Range | USD 3.64 – 4.57 |
| 52-Week Range | USD 2.96 – 12.39 |
| Volume | 5,680,032 shares |
| Market Cap | $4.89B |
| Exchange | OQB |
Technical Analysis (FNMA)
Nexqual's technical model rates FNMA "NEUTRAL" based on 2 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 10:30 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 47.66 (neutral) |
| vs SMA50 | Below (USD 5.06) |
| MACD | -0.37 (negative) |
Analyst Ratings (FNMA)
Wall Street analysts rate FNMA "Hold" based on 6 analysts, with a mean price target of USD 7.4 (range USD 3.5–18), per Nexqual as of October 23, 2026 at 10:30 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 6 |
| Mean Target | USD 7.4 |
| High Target | USD 18 |
| Low Target | USD 3.5 |
| Buy / Hold / Sell | 1 / 4 / 1 |
Earnings (FNMA)
| Next Earnings Date | 2026-10-28 |
|---|---|
| EPS Estimate | USD 0 |
| Revenue Estimate | $7.28B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.03 vs est 0 ▲ beat |
| 2026-03-31 | USD 0.01 vs est 0 ▲ beat |
| 2025-12-31 | USD 0 vs est 0 ▲ beat |
| 2025-09-30 | USD 0 vs est 0 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:30 UTC.
Financials & Fundamentals (FNMA)
| Total Revenue | $27.80B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +9.10% |
| Gross Margin | +100.00% |
| Operating Margin | +75.80% |
| Profit Margin | +54.27% |
| ROE | +13.83% |
| Debt / Equity | 35.95 |
| Current Ratio | 106.46 |
| Total Cash | $95.88B |
| Total Debt | $4.19T |
Source: Nexqual, October 23, 2026 at 10:30 UTC.
Financial Health Score (FNMA)
Nexqual rates Federal National Mortgage Association's overall financial health "Weak" across five dimensions, as of October 23, 2026 at 10:30 UTC.
| Growth | Weak — Revenue -0% YoY (annual), declining |
|---|---|
| Profitability | Weak — Net margin 0% (last 12 months); banks have no gross margin |
| Balance Sheet | N/A — Not comparable for banks: deposits and customer funds sit on the balance sheet, so cash vs debt does not measure safety (SEC industry: Federal & Federally-Sponsored Credit Agencies) |
| Cash Flow | N/A — Not meaningful for banks and lenders: lending and trading move operating cash flow by billions each year (SEC industry: Federal & Federally-Sponsored Credit Agencies) |
| Efficiency | Mixed — ROE 14%, ROA 0.3% |
Ownership (FNMA)
| Insider Ownership | +0.00% |
|---|---|
| Institutional Ownership | +21.68% |
| Shares Outstanding | 1.16B |
| Float | 1.16B |
Source: Nexqual, October 23, 2026 at 10:30 UTC.
Leadership (FNMA)
Federal National Mortgage Association is led by Peter Andrew Akwaboah, EVP, COO & Acting CEO, per Nexqual as of October 23, 2026 at 10:30 UTC.
| EVP, COO & Acting CEO | Peter Andrew Akwaboah |
|---|---|
| Co-President & Director | Brandon S. Hamara |
| Executive VP & CFO | Chryssa C. Halley |
| Co-President | John Roscoe |
| Director of Public Relations | Pete Bakel |
Major Backers & Investors (FNMA)
Notable institutional backers of Federal National Mortgage Association include Growth Fund of America, Morgan Stanley, Pershing Square, according to Nexqual as of October 23, 2026 at 10:30 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Growth Fund of America | 5.45% |
| Morgan Stanley | 1.82% |
| Pershing Square | 1.06% |
| TR PRICE-Price (T.Rowe) U.S. Value Equity Trust | 0.56% |
| T. Rowe Price | 0.41% |
| Brighthouse Funds Trust I-Morgan Stanley Discovery Portfolio | 0.34% |
| TRANSAMERICA FUNDS-Transamerica Capital Growth | 0.34% |
Source: Nexqual, October 23, 2026 at 10:30 UTC.
From Federal National Mortgage Association's Latest SEC 10-K Filing (filed 2026-02-11)
Partnerships
- FHFA, as conservator, entered into a senior preferred stock purchase agreement with Treasury on our behalf in September 2008.
Legal & Regulatory Risks (Item 1A, quoted)
- Our business and financial results could be materially adversely affected by legal or regulatory proceedings.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| PFSI | PennyMac Financial Services, In | USD 63.36 | ▲ 6.43% |
| UWMC | UWM Holdings Corporation | USD 1.15 | ▲ 3.6% |
| WD | Walker & Dunlop, Inc | USD 34.68 | ▲ 5.44% |
| RKT | Rocket Companies, Inc. | USD 11.74 | ▲ 5.67% |
| VEL | Velocity Financial, Inc. | USD 15.21 | ▲ 2.42% |
| BETR | Better Home & Finance Holding C | USD 16.58 | ▲ 6.42% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:30 UTC. This page is informational and not investment advice.
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