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

Federal Home (FMCCT) 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

FMCCT

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Federal Home (FMCCT) 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 FMCCT FY2025 2026-04-22

Thin returns on a huge asset base are being amplified by leverage, while a larger equity cushion reshapes shareholder returns.

Across the last few years, equity rose to $70.4B from $37.0B, so a larger share of the balance sheet is now funded by shareholder capital rather than liabilities. Because return on assets stayed near 0.3%, return on equity compressed to 15.3%; capital thickening, not weaker asset yields, is reducing the leverage boost.

The balance sheet remains extremely thinly capitalized: assets of $3.5T are supported by only $70.4B of equity, so small changes in asset returns can move shareholder returns a lot. That helps explain why a modest 0.3% return on assets can still produce a mid-teens return on equity, making this more a balance-sheet engine than a conventional margin story.

Cash conversion looked much better in the latest year, with operating cash flow of $19.4B against net income of $10.7B. The contrast with the prior year's $6.6B of operating cash flow suggests earnings are smoother than the cash this balance sheet releases, so annual cash generation deserves to be read as volatile rather than purely trend-like.

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

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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

FMCCT 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	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$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+4.0%	$5.8B
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	$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-0.4%	$692.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$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+2.2%	$23.6B
Income Tax	$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+1.0%	$688.0M
Net Income	$2.8B+0.1%	$2.8B+16.2%	$2.4B-14.6%	$2.8B-13.3%	$3.2B+3.8%	$3.1B+12.3%	$2.8B0.0%	$2.8B
EPS (Diluted)	N/A	$0.00+100.0%	$-0.010.0%	$-0.01	N/A	$-0.02	$0.00-100.0%	$0.01

FMCCT 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	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$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+0.6%	$3.3T
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$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+56.7%	$3.5B
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+0.8%	$3.4T+0.9%	$3.4T+0.7%	$3.3T+0.6%	$3.3T+1.2%	$3.3T+1.0%	$3.3T+0.5%	$3.2T
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$169.3B	N/A	N/A	N/A	$167.3B-94.9%	$3.3T+1.0%	$3.2T+0.5%	$3.2T
Total Equity	$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+5.5%	$50.5B
Retained Earnings	-$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+8.5%	-$32.4B

FMCCT 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	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$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-68.0%	$2.9B
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	$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+50.1%	$8.9B
Financing Cash Flow	-$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+13.8%	-$14.3B
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

FMCCT 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	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
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	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%-1.9pp	48.0%
Return on Equity	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%-0.3pp	5.5%
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	2.41-47.9	50.30-1.7	52.02-1.6	53.63+50.8	2.81-54.9	57.66-2.8	60.48-3.0	63.47
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is Federal Home's annual revenue?

Federal Home (FMCCT) 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 (FMCCT) 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 (FMCCT) 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 (FMCCT) had $4.6B in cash and equivalents against $169.3B in long-term debt.

What is Federal Home's net profit margin?

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

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

Federal Home (FMCCT) 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 (FMCCT) 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 (FMCCT) 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 (FMCCT) 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 (FMCCT) 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.