FNMA vs RKT
Federal National Mortgage Association Fannie MAE and Rocket Companies, Inc., side by side — 8 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | FNMA | RKT |
|---|---|---|
| Revenue | $29.0B | $6.7B |
| Net income | $14.4B | $-68.0M |
| Gross margin | · | · |
| Net margin | 49.6% | −3.5% |
| Return on equity | 14.1% | −0.4% |
| Diluted EPS | $0.00 | −$0.05 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | · | $-4.0B |
| Equity | $109.0B | · |
| Net debt / equity | 37.73× | 0.50× |
| Current ratio | · | · |
| Revenue CAGR 5y | 2.7% | −15.6% |
| Profit CAGR 5y | 4.0% | · |
FNMA bills 4.3× the revenue of RKT, and RKT closed the last reported year at a loss.
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.
8 years side by side
| Fiscal year | FNMA | RKT |
|---|---|---|
| FY2025 | $29.0B | $6.7B |
| FY2024 | $29.1B | $5.1B |
| FY2023 | $29.0B | $3.8B |
| FY2022 | $29.7B | $5.8B |
| FY2021 | $29.9B | $12.9B |
| FY2020 | $25.3B | $15.7B |
| FY2019 | $21.9B | $5.1B |
| FY2018 | $21.8B | $4.2B |
Bottom line
| Fiscal year | FNMA | RKT |
|---|---|---|
| FY2025 | $14.4B | $-68.0M |
| FY2024 | $17.0B | $29.0M |
| FY2023 | $17.4B | $-16.0M |
| FY2022 | $12.9B | $46.4M |
| FY2021 | $22.2B | $308.2M |
| FY2020 | $11.8B | $198.0M |
| FY2019 | $14.2B | $0 |
| FY2018 | $16.0B | $0 |
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$22,269,000,000 | FNMA |
| FY2024 | +$23,968,000,000 | FNMA |
| FY2023 | +$25,249,000,000 | FNMA |
| FY2022 | +$23,896,507,000 | FNMA |
| FY2021 | +$17,033,534,000 | FNMA |
| FY2020 | +$9,677,933,000 | FNMA |
| FY2019 | +$16,789,898,000 | FNMA |
| FY2018 | +$17,618,436,000 | FNMA |
FNMA has reported the higher revenue in every one of these 8 fiscal years. The gap has widened since the earliest year compared.
8 of 12 comparable fiscal years — a year missing data on either side is not counted.
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +53.1 pp | FNMA |
| FY2024 | +45.9 pp | FNMA |
| FY2023 | +70.2 pp | FNMA |
| FY2022 | +31.5 pp | FNMA |
| FY2021 | +27.0 pp | FNMA |
| FY2020 | −13.5 pp | RKT |
| FY2019 | +47.1 pp | FNMA |
| FY2018 | +58.5 pp | FNMA |
The higher net margin has changed hands between FNMA and RKT over this period.
8 of 12 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
RKT's net margin has been more volatile than FNMA's over the 8 comparable fiscal years — 22.2 percentage points of standard deviation against 10.9.
8 of 12 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between FNMA and RKT over these 8 fiscal years — FNMA led in 7 and RKT in 1.
8 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 RKT's over the 7 comparable fiscal years — 39.7 percentage points of standard deviation against 1.6.
7 of 9 comparable fiscal years — a year missing data on either side is not counted.
Year by year
FNMA led in return on equity in every one of the 7 comparable fiscal years — a structural lead, not a recent swing.
7 of 9 comparable fiscal years — a year missing data on either side is not counted.