BFH vs FNMA
Bread Financial Holdings, Inc. and Federal National Mortgage Association Fannie MAE, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | BFH | FNMA |
|---|---|---|
| Revenue | $3.8B | $29.0B |
| Net income | $518.0M | $14.4B |
| Gross margin | · | · |
| Net margin | 13.5% | 49.6% |
| Return on equity | 16.2% | 14.1% |
| Diluted EPS | $10.89 | $0.00 |
| Dividend / share | $0.86 | · |
| Payout ratio | 7.7% | · |
| Free cash flow | · | · |
| Equity | $3.3B | $109.0B |
| Net debt / equity | 0.21× | 37.73× |
| Current ratio | · | · |
| Revenue CAGR 5y | 3.1% | 2.7% |
| Profit CAGR 5y | 19.3% | 4.0% |
FNMA bills 7.5× the revenue of BFH, and keeps more of each dollar of revenue as profit (49.6% against 13.5%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | BFH | FNMA |
|---|---|---|
| FY2025 | $3.8B | $29.0B |
| FY2024 | $3.8B | $29.1B |
| FY2023 | $4.3B | $29.0B |
| FY2022 | $3.8B | $29.7B |
| FY2021 | $3.3B | $29.9B |
| FY2020 | $3.3B | $25.3B |
| FY2019 | $4.0B | $21.9B |
| FY2018 | $5.7B | $21.8B |
| FY2017 | $5.5B | $23.0B |
| FY2016 | $7.1B | $22.3B |
Bottom line
| Fiscal year | BFH | FNMA |
|---|---|---|
| FY2025 | $518.0M | $14.4B |
| FY2024 | $277.0M | $17.0B |
| FY2023 | $718.0M | $17.4B |
| FY2022 | $223.0M | $12.9B |
| FY2021 | $801.0M | $22.2B |
| FY2020 | $214.0M | $11.8B |
| FY2019 | $278.0M | $14.2B |
| FY2018 | $963.1M | $16.0B |
| FY2017 | $788.7M | $2.5B |
| FY2016 | $517.6M | $12.3B |
12 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$25,119,000,000 | FNMA |
| FY2024 | −$25,231,000,000 | FNMA |
| FY2023 | −$24,759,000,000 | FNMA |
| FY2022 | −$25,909,000,000 | FNMA |
| FY2021 | −$26,676,000,000 | FNMA |
| FY2020 | −$22,030,000,000 | FNMA |
| FY2019 | −$17,809,000,000 | FNMA |
| FY2018 | −$16,161,400,000 | FNMA |
| FY2017 | −$17,485,300,000 | FNMA |
| FY2016 | −$15,122,900,000 | FNMA |
| FY2015 | −$16,317,300,000 | FNMA |
| FY2014 | −$20,552,100,000 | FNMA |
FNMA has reported the higher revenue in every one of these 12 fiscal years. The gap has widened since the earliest year compared.
12 of 18 comparable fiscal years — a year missing data on either side is not counted.
12 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −36.1 pp | FNMA |
| FY2024 | −51.2 pp | FNMA |
| FY2023 | −43.2 pp | FNMA |
| FY2022 | −37.6 pp | FNMA |
| FY2021 | −49.6 pp | FNMA |
| FY2020 | −40.1 pp | FNMA |
| FY2019 | −57.9 pp | FNMA |
| FY2018 | −56.1 pp | FNMA |
| FY2017 | +3.7 pp | BFH |
| FY2016 | −48.1 pp | FNMA |
| FY2015 | −38.7 pp | FNMA |
| FY2014 | −45.2 pp | FNMA |
The higher net margin has changed hands between BFH and FNMA over this period.
12 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
FNMA's net margin has been more volatile than BFH's over the 12 comparable fiscal years — 15.9 percentage points of standard deviation against 5.5.
12 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between BFH and FNMA over these 12 fiscal years — BFH led in 1 and FNMA in 11.
12 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
FNMA's return on equity has been more volatile than BFH's over the 7 comparable fiscal years — 39.7 percentage points of standard deviation against 11.6.
7 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between BFH and FNMA over these 7 fiscal years — BFH led in 2 and FNMA in 5.
7 of 19 comparable fiscal years — a year missing data on either side is not counted.