MARKETS / BALCAO / Financials / Credit / FMCC

BALCAO · FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES · LARGE CAP

Federal Home Loan Mortgage Corp. FMCC

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$23.3B

▼ 2.7% YoY

Net income

$10.7B

▼ 9.5% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

It purchases single-family and multifamily residential mortgage loans originated by lenders and, in most instances, packages them into guaranteed mortgage-related securities that are sold in the global capital markets, transferring interest-rate and liquidity risks to third-party investors. It does not originate mortgage loans or lend money directly to mortgage borrowers. It also transfers a portion of its mortgage credit risk exposure to third-party investors through credit risk transfer programs that include securities- and insurance-based offerings. In 2025, it provided $465 billion in liquidity to the mortgage market, enabling the financing of 1.7 million home purchases, refinancings, and rental units. At January 31, 2026, it had 7,334 full-time and 21 part-time employees, the majority of them in the Washington, D.C. metropolitan area. It has two reportable segments, Single-Family and Multifamily. Freddie Mac is a government-sponsored enterprise chartered by Congress in 1970. Since September 2008, it has been operating in conservatorship, with the Federal Housing Finance Agency as its Conservator.

Written from the business description in Federal Home Loan Mortgage Corporation's annual report to the U.S. Securities and Exchange Commission, filed 12 February 2026. Every sentence was checked against that document before publication.

Growth

USD 23.3B

Revenue, FY2025 · full 17-year series below

Revenue $B Net income $B

FY2025 · Revenue 23.3 · Net income 10.7

10B20B

2009201220152018202120242025

Compound annual growth

Revenue

+3.1%

+6.9%

Net income

+4.8%

+7.9%

+5.3%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +6.9% a year over the five years to FY2025 — but profit grew faster: net income at +7.9%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

46 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 57.4% · Net 46.1%

20%40%60%

200920172025

ROE

FY2025 · ROE 16.5%

50%100%150%

200920172025

Three returns, three denominators.

Return on equity16.5%

Return on assets0.3%

Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Gross margin·

Operating margin57.4%

Net margin46.1%

EBITDA·

Each USD of equity produced 17 cents of profit this year.

Cash & shareholders

returned in FY2025 · dividends + net buybacks

Total assetsUSD 3.50T

EquityUSD 70.4B

CashUSD 5.3B

Gross debtUSD 207.0B

Net debtUSD 201.7B

Net debt stands at 287% of equity.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative—not applicable◌not available in our data

FMCC, 17-year financial record
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	23.3	23.9	21.2	21.3	22.0	16.7	14.1	15.6	21.1	◌	◌	◌	◌	◌	◌	◌	◌
Operating income $B	13.4	14.8	13.2	11.6	15.2	9.2	9.0	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌
EBITDA $B	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌
Income tax $B	2.6	2.9	2.7	2.3	3.1	1.9	1.8	2.2	11.2	3.8	2.9	3.3	−23.3	−1.5	−0.4	−0.9	−0.8
Net income $B	10.7	11.9	10.5	9.3	12.1	7.3	7.2	9.2	5.6	7.8	6.4	7.7	48.7	11.0	−5.3	−14.0	−21.6
EPS, diluted $	0.02	0.00	−0.05	0.11	0.15	0.01	−0.18	1.12	−1.00	0.03	−0.01	−0.72	−1.09	−0.64	−3.63	−6.09	−7.89
Dividend / sh $	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌
Payout % — not applicable: no dividend	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
ROE %	16.5	22.1	24.9	28.7	54.5	57.4	106.1	—	—	195.0	—	99.3	—	—	—	—	—
Shares out B	0.65	0.65	0.65	0.65	0.65	0.65	0.65	0.65	0.65	0.65	0.65	0.65	0.65	0.65	0.65	0.65	◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

This company against its peers

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Other companies filing in the same sector

UNH · BRK-A · BRK-B · CI · ELV · CNC

Provenance

Company facts, as filed

How we verify · 0 failures in 48 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Three checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures

ActivityFederal & Federally-Sponsored Credit Agencies

Listed onOTC market

Incorporated innot stated in the filings

Fiscal year endsDecember 31

Data on record since2009