What is Federal Home's earnings per share (EPS)?

Federal Home (FMCC) reported diluted earnings per share of $-0.02 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Federal Home Financials

FMCC

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Federal Home (FMCC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FMCC FY2025 2026-04-30

Thin returns on a huge balance sheet drive earnings, while retained profits slowly rebuild the company's capital cushion

From FY2022 to FY2025, equity nearly doubled from $37.0B to $70.4B, showing profits were being kept inside the firm to strengthen its loss-absorbing base. That improvement sits beside total assets of $3.50T and FY2025 operating cash flow of $19.4B, so the company is becoming better capitalized even though its model still depends on financing a huge asset base with comparatively little equity.

Net income stayed close to $10B through the last four fiscal years, yet return on assets remained around 0.3%. That pairing means profitability comes from extremely thin economics spread over a very large asset pool, not from the kind of margin expansion that matters most for ordinary operating companies.

After a weaker cash-conversion year in FY2024, operating cash flow reached $19.4B against net income of $10.7B in FY2025. That gap suggests annual earnings can look steadier than cash because portfolio and funding movements strongly influence when profit becomes cash.

Financial Health Signals

Financial Profile 15/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Federal Home's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Federal Home's revenue declined 2.7% year-over-year, from $23.9B to $23.3B. This contraction results in a growth score of 41/100.

Leverage

Federal Home has elevated debt relative to equity (D/E of 50.30), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Returns

Federal Home's ROE of 15.9% shows moderate profitability relative to equity, earning a score of 52/100. This is down from 19.9% the prior year.

Piotroski F-Score Neutral

5/9

Federal Home passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.81x

For every $1 of reported earnings, Federal Home generates $1.81 in operating cash flow ($19.4B OCF vs $10.7B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$23.3B

YoY-2.7%

5Y CAGR+6.9%

10Y CAGR-10.0%

Federal Home generated $23.3B in revenue in fiscal year 2025. This represents a decrease of 2.7% from the prior year.

EBITDA

N/A

Net Income

$10.7B

YoY-9.5%

5Y CAGR+7.9%

10Y CAGR+5.3%

Federal Home reported $10.7B in net income in fiscal year 2025. This represents a decrease of 9.5% from the prior year.

EPS (Diluted)

$-0.02

Federal Home earned $-0.02 per diluted share (EPS) in fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$4.6B

YoY-16.4%

5Y CAGR-28.0%

10Y CAGR-1.9%

Federal Home held $4.6B in cash against $169.3B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

650M

YoY+0.0%

5Y CAGR+0.0%

10Y CAGR+0.0%

Federal Home had 650M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

46.1%

YoY-3.5pp

5Y CAGR+2.1pp

10Y CAGR+36.6pp

Federal Home's net profit margin was 46.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.5 percentage points from the prior year.

Return on Equity

15.9%

YoY-4.0pp

5Y CAGR-28.8pp

10Y CAGR-201.0pp

Federal Home's ROE was 15.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.0 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

FMCC Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$23.3B-2.7%	$23.9B+12.6%	$21.2B-0.2%	$21.3B-3.1%	$22.0B+31.8%	$16.7B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$2.9B+1.5%	$2.8B+1.7%	$2.8B+85.2%	$1.5B-43.1%	$2.7B+4.6%	$2.5B
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$108.4B+10.5%	$98.1B+13.0%	$86.8B+32.6%	$65.5B+48.9%	$43.9B-11.3%	$49.6B
Income Tax	$2.6B-9.9%	$2.9B+9.7%	$2.7B+16.9%	$2.3B-26.3%	$3.1B+62.4%	$1.9B
Net Income	$10.7B-9.5%	$11.9B+12.5%	$10.5B+13.0%	$9.3B-23.0%	$12.1B+65.3%	$7.3B
EPS (Diluted)	$-0.02	$0.00+100.0%	$-0.05-145.5%	$0.11-26.7%	$0.15+1400.0%	$0.01

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$6.1B+6.4%	$5.8B+0.4%	$5.7B-3.0%	$5.9B+1.1%	$5.9B-7.5%	$6.3B+8.4%	$5.8B-2.5%	$6.0B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$626.0M-16.1%	$746.0M+4.2%	$716.0M-4.3%	$748.0M+10.7%	$676.0M-9.7%	$749.0M+5.0%	$713.0M+3.5%	$689.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$28.0B+0.5%	$27.9B+1.3%	$27.5B+2.9%	$26.7B+1.9%	$26.3B+2.7%	$25.6B+3.1%	$24.8B+2.8%	$24.1B
Income Tax	$873.0M+29.0%	$677.0M+0.3%	$675.0M+14.8%	$588.0M-14.8%	$690.0M-13.3%	$796.0M+7.4%	$741.0M+6.6%	$695.0M
Net Income	$3.6B+28.1%	$2.8B+0.1%	$2.8B+16.2%	$2.4B-14.6%	$2.8B-13.3%	$3.2B+3.8%	$3.1B+12.3%	$2.8B
EPS (Diluted)	$0.01	N/A	$0.00+100.0%	$-0.010.0%	$-0.01	N/A	$-0.02	$0.00

FMCC Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$3.5T+2.4%	$3.4T+3.2%	$3.3T+2.3%	$3.2T+6.0%	$3.0T+15.2%	$2.6T
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$4.6B-16.4%	$5.5B-8.1%	$6.0B-5.4%	$6.4B-37.3%	$10.2B-57.5%	$23.9B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.4T+2.2%	$3.3T+2.9%	$3.2T+2.0%	$3.2T+5.8%	$3.0T+14.8%	$2.6T
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$169.3B+1.2%	$167.3B-94.8%	$3.2T+2.0%	$3.1T+5.3%	$3.0T+15.2%	$2.6T
Total Equity	$67.6B+13.5%	$59.6B+24.8%	$47.7B+28.9%	$37.0B+32.1%	$28.0B+70.8%	$16.4B
Retained Earnings	-$15.3B+34.2%	-$23.3B+33.8%	-$35.1B+23.1%	-$45.7B+17.0%	-$55.0B+18.0%	-$67.1B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$3.5T+0.2%	$3.5T+0.8%	$3.5T+0.9%	$3.4T+0.8%	$3.4T+0.7%	$3.4T+1.3%	$3.3T+1.1%	$3.3T
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$4.5B-16.1%	$5.3B+15.2%	$4.6B+8.4%	$4.3B-10.9%	$4.8B-13.4%	$5.5B+13.9%	$4.9B-12.2%	$5.5B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.4T+0.1%	$3.4T+0.8%	$3.4T+0.9%	$3.4T+0.7%	$3.3T+0.6%	$3.3T+1.2%	$3.3T+1.0%	$3.3T
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$169.8B+0.3%	$169.3B	N/A	N/A	N/A	$167.3B-94.9%	$3.3T+1.0%	$3.2T
Total Equity	$73.9B+5.0%	$70.4B+4.1%	$67.6B+4.3%	$64.8B+3.9%	$62.4B+4.7%	$59.6B+5.6%	$56.4B+6.0%	$53.2B
Retained Earnings	-$9.0B+28.4%	-$12.5B+18.1%	-$15.3B+15.3%	-$18.1B+11.7%	-$20.5B+12.0%	-$23.3B+12.2%	-$26.5B+10.5%	-$29.6B

FMCC Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$19.4B+192.3%	$6.6B-13.0%	$7.6B-36.1%	$11.9B-27.1%	$16.4B+1703.0%	$907.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$4.7B-50.7%	$9.6B-78.3%	$44.3B+288.3%	$11.4B-53.0%	$24.3B+129.1%	-$83.4B
Financing Cash Flow	-$24.3B-45.3%	-$16.7B+67.9%	-$52.2B-92.6%	-$27.1B+50.1%	-$54.3B-153.7%	$101.1B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$3.9B+50.0%	$2.6B-49.3%	$5.1B-37.6%	$8.1B+128.0%	$3.6B+496.9%	-$900.0M-124.3%	$3.7B+299.8%	$927.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$21.4B+355.1%	$4.7B+634.7%	-$881.0M+84.2%	-$5.6B-185.9%	$6.5B+147.8%	-$13.6B-1651.8%	$875.0M-93.5%	$13.4B
Financing Cash Flow	-$26.2B-297.3%	-$6.6B-71.4%	-$3.8B-24.3%	-$3.1B+71.4%	-$10.8B-171.3%	$15.2B+388.3%	-$5.3B+57.4%	-$12.3B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FMCC Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	46.1%-3.5pp	49.6%-0.1pp	49.6%+5.8pp	43.9%-11.3pp	55.2%+11.2pp	44.0%
Return on Equity	15.9%-4.0pp	19.9%-2.2pp	22.1%-3.1pp	25.2%-18.0pp	43.2%-1.4pp	44.6%
Return on Assets	0.3%-0.0pp	0.4%+0.0pp	0.3%+0.0pp	0.3%-0.1pp	0.4%+0.1pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	50.30+47.5	2.81-64.3	67.10-17.7	84.77-21.5	106.31-51.3	157.66
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	58.0%+9.8pp	48.2%-0.1pp	48.3%+8.0pp	40.4%-7.4pp	47.7%-3.2pp	50.9%-2.3pp	53.2%+7.0pp	46.2%
Return on Equity	4.8%+0.9pp	4.0%-0.2pp	4.1%+0.4pp	3.7%-0.8pp	4.5%-0.9pp	5.4%-0.1pp	5.5%+0.3pp	5.2%
Return on Assets	0.1%+0.0pp	0.1%0.0pp	0.1%+0.0pp	0.1%-0.0pp	0.1%-0.0pp	0.1%+0.0pp	0.1%0.0pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.30-0.1	2.41-47.9	50.30-1.7	52.02-1.6	53.63+50.8	2.81-54.9	57.66-2.8	60.48
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Similar Companies

Federal Nat FNMA

$9.1B

Atrium Mortgage AMIVF

$412.0M

First Intl Bank FBKIF

$5.0B

Hiscox Ltd HCXLY

$5.8B

Mag Mile Capital MMCP

$37.5M

Frequently Asked Questions

What is Federal Home's annual revenue?

Federal Home (FMCC) reported $23.3B in total revenue for fiscal year 2025. This represents a -2.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Federal Home's revenue growing?

Federal Home (FMCC) revenue declined by 2.7% year-over-year, from $23.9B to $23.3B in fiscal year 2025.

Is Federal Home profitable?

Yes, Federal Home (FMCC) reported a net income of $10.7B in fiscal year 2025, with a net profit margin of 46.1%.

How much debt does Federal Home have?

As of fiscal year 2025, Federal Home (FMCC) had $4.6B in cash and equivalents against $169.3B in long-term debt.

What is Federal Home's net profit margin?

Federal Home (FMCC) had a net profit margin of 46.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Federal Home's return on equity (ROE)?

Federal Home (FMCC) has a return on equity of 15.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Federal Home's operating cash flow?

Federal Home (FMCC) generated $19.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Federal Home's total assets?

Federal Home (FMCC) had $3.5T in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Federal Home have outstanding?

Federal Home (FMCC) had 650M shares outstanding as of fiscal year 2025.

What is Federal Home's debt-to-equity ratio?

Federal Home (FMCC) had a debt-to-equity ratio of 50.30 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Federal Home's return on assets (ROA)?

Federal Home (FMCC) had a return on assets of 0.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Federal Home's Piotroski F-Score?

Federal Home (FMCC) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Federal Home's earnings high quality?

Federal Home (FMCC) has an earnings quality ratio of 1.81x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Federal Home?

Federal Home (FMCC) scores 15 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.