FNMA vs NU
Federal National Mortgage Association Fannie MAE and Nu Holdings Ltd., side by side — 6 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | FNMA | NU |
|---|---|---|
| Revenue | $29.0B | $11.5B |
| Net income | $14.4B | $2.0B |
| Gross margin | · | 45.6% |
| Net margin | 49.6% | 17.1% |
| Return on equity | 14.1% | 28.1% |
| Diluted EPS | $0.00 | $0.40 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | · | · |
| Equity | $109.0B | $7.6B |
| Net debt / equity | 37.73× | −0.98× |
| Current ratio | · | · |
| Revenue CAGR 5y | 2.7% | 79.8% |
| Profit CAGR 5y | 4.0% | · |
FNMA bills 2.5× the revenue of NU, and keeps more of each dollar of revenue as profit (49.6% against 17.1%).
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.
6 years side by side
| Fiscal year | FNMA | NU |
|---|---|---|
| FY2024 | $29.1B | $11.5B |
| FY2023 | $29.0B | $8.0B |
| FY2022 | $29.7B | $4.8B |
| FY2021 | $29.9B | $1.7B |
| FY2020 | $25.3B | $737.1M |
| FY2019 | $21.9B | $612.1M |
Bottom line
| Fiscal year | FNMA | NU |
|---|---|---|
| FY2024 | $17.0B | $2.0B |
| FY2023 | $17.4B | $1.0B |
| FY2022 | $12.9B | $-364.6M |
| FY2021 | $22.2B | $-165.0M |
| FY2020 | $11.8B | $-171.5M |
| FY2019 | $14.2B | $-92.5M |
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2024 | +$17,551,925,000 | FNMA |
| FY2023 | +$21,019,024,000 | FNMA |
| FY2022 | +$24,942,769,000 | FNMA |
| FY2021 | +$28,249,977,000 | FNMA |
| FY2020 | +$24,590,867,000 | FNMA |
| FY2019 | +$21,246,891,000 | FNMA |
FNMA has reported the higher revenue in every one of these 6 fiscal years. The gap has narrowed since the earliest year compared.
6 of 12 comparable fiscal years — a year missing data on either side is not counted.
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2024 | +41.3 pp | FNMA |
| FY2023 | +47.1 pp | FNMA |
| FY2022 | +51.1 pp | FNMA |
| FY2021 | +83.8 pp | FNMA |
| FY2020 | +69.9 pp | FNMA |
| FY2019 | +79.9 pp | FNMA |
FNMA has kept the higher net margin in every one of these 6 fiscal years.
6 of 12 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
NU's net margin has been more volatile than FNMA's over the 6 comparable fiscal years — 14.5 percentage points of standard deviation against 10.4.
6 of 12 comparable fiscal years — a year missing data on either side is not counted.
Year by year
FNMA led in net margin in every one of the 6 comparable fiscal years — a structural lead, not a recent swing.
6 of 12 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 NU's over the 6 comparable fiscal years — 40.2 percentage points of standard deviation against 20.3.
6 of 8 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 FNMA and NU over these 6 fiscal years — FNMA led in 5 and NU in 1.
6 of 8 comparable fiscal years — a year missing data on either side is not counted.