Financials Federal National Mortgage Association

Equities

Market Closed - OTC Markets Other stock markets 03:59:59 2026-02-06 pm EST			5-day change	1st Jan Change
8.280 ^USD	+0.12%		+1.11%	-22.83%

Feb. 04	Fannie Mae expands U.S. rental housing supply through nearly $74 billion in multifamily loan production volume in 2025	RE
Jan. 21	US pending home sales plunge to five-month low in December	RE

Fiscal Period: December	2020	2021	2023	2024	2025	2026	2027
Net sales ¹	24,866	29,587	28,773	28,748	28,744	29,142	29,213
Change	-	18.99%	-	-0.09%	-0.01%	1.39%	0.24%
EBITDA	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
Interest Paid ¹	-	-	-	-	-130,000	-131,800	-
Earnings before Tax (EBT) ¹	14,879	27,949	21,956	21,269	18,164	18,521	18,723
Change	-	87.84%	-	-3.13%	-14.6%	1.97%	1.09%
Net income ¹	15	-	3	3	-	-	-
Change	-	-	-	0%	-	-	-
Announcement Date	2/12/21	2/15/22	2/15/24	2/14/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2023 Q2	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	7,086	6,742	8,286	6,972	7,587	7,399	7,808	-	7,732	7,023	7,268	7,275	7,182	7,001	7,155	7,184	7,239	7,234	7,273	7,280	7,319
Change	-	-4.85%	22.9%	-15.86%	8.82%	-2.48%	5.53%	-	-	-9.17%	3.49%	0.1%	-1.28%	-2.52%	2.2%	0.41%	0.76%	-0.07%	0.54%	0.09%	0.54%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts ¹	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-32,900	-32,900	-32,900	-33,000	-33,000
Earnings before Tax (EBT) ¹	5,709	6,315	9,034	6,108	-	5,573	5,875	6,279	4,956	5,433	5,604	5,053	5,179	4,584	4,154	4,835	4,590	4,609	4,633	4,622	4,656
Change	-	10.61%	43.06%	-32.39%	-	-	5.42%	6.88%	-21.07%	9.62%	3.15%	-9.83%	2.49%	-11.49%	-9.38%	16.39%	-5.06%	0.4%	0.52%	-0.23%	0.74%
Net income ¹	4	27	32	14	-	7	4	4,994	-14	-4	7	-3	3	6	-7	10	-	-	-	-	-
Change	-	575%	18.52%	-56.25%	-	-	-42.86%	124,750%	-100.28%	71.43%	275%	-142.86%	200%	100%	-216.67%	242.86%	-	-	-	-	-
Announcement Date	2/12/21	4/30/21	8/3/21	10/29/21	2/15/22	5/3/22	7/29/22	8/1/23	2/15/24	4/30/24	7/30/24	10/31/24	2/14/25	4/30/25	7/30/25	10/29/25	-	-	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020	2021	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
Announcement Date	2/12/21	2/15/22	2/15/24	2/14/25	-	-	-

Estimates

Fiscal Period:

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	-	-	-	-	-	-	-	-
EBT Margin (%)	-	59.84%	94.46%	-	76.31%	73.98%	63.19%	63.55%	64.09%
Net margin (%)	-	0.06%	-	-	0.01%	0.01%	-	-	-
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	0.41%	0.32%	0.54%	0.3%	0.4%	0.39%	-	-	-
ROE	135.84%	59.22%	61.08%	24.01%	25.24%	19.7%	-	-	-
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	-19.55	-	-	-	-7.723	-5.23	-2.75	-0.23
Change	-	-	-	-	-	-	32.28%	47.42%	91.64%
EPS ¹	-	-	0.01	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	-	5,738,840	5,738,840	5,738,840	5,738,840	5,738,840	5,738,840	5,738,840	5,738,840
Announcement Date	-	2/12/21	2/15/22	2/14/23	2/15/24	2/14/25	-	-	-