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Federal Home Loan Mortgage vs Federal Agricultural Mortgage: FMCC and AGM compared
Federal Home Loan Mortgage is the larger company: $6.8B of revenue in its latest quarter (Q3 2026) against $125M for Federal Agricultural Mortgage (Q3 2026). Federal Agricultural Mortgage is growing faster (+20% against +19% a year earlier). Federal Agricultural Mortgage is more profitable, with an operating margin of 63.5% against 59.0%.
Where the money goes: FMCC and AGM
Federal Home Loan Mortgage (FMCC) · Q3 2026
Federal Home Loan Mortgage, Q3 2026: revenue $6.8B (+19% year over year), operating margin 59.0%, net earnings $3.2B, operating cash flow $4.2B. The chart follows the revenue to costs, profit and cash.
Federal Agricultural Mortgage (AGM) · Q3 2026
Federal Agricultural Mortgage, Q3 2026: revenue $125M (+20% year over year), operating margin 63.5%, net earnings $64.2M, operating cash flow $363M. The chart follows the revenue to costs, profit and cash.
| Federal Home Loan Mortgage (FMCC) | Federal Agricultural Mortgage (AGM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $6.8B | $125M |
| Revenue growth, Y/Y | +19% | +20% |
| Operating margin | 59.0% | 63.5% |
| Net earnings | $3.2B | $64.2M |
| Net margin | 47.5% | 51.3% |
| Operating cash flow | $4.2B | $363M |
| Market value | $12.6B | $2.2B |
| P/E | 1.2× | 9.3× |
| Analysts’ mean target | $4.50 | $257.00 |
Where the revenue comes from
Federal Agricultural Mortgage
- Net interest income: $116M (93%)
- Noninterest income: $9.3M (7%)
Questions
Which is bigger, Federal Home Loan Mortgage or Federal Agricultural Mortgage?
Federal Home Loan Mortgage is the larger company: $6.8B of revenue in its latest quarter (Q3 2026) against $125M for Federal Agricultural Mortgage (Q3 2026).
Is Federal Home Loan Mortgage or Federal Agricultural Mortgage growing faster?
Federal Agricultural Mortgage is growing faster (+20% against +19% a year earlier).
Which is more profitable, Federal Home Loan Mortgage or Federal Agricultural Mortgage?
Federal Agricultural Mortgage is more profitable, with an operating margin of 63.5% against 59.0%.
More: Federal Home Loan Mortgage earnings · how Federal Home Loan Mortgage makes money · Federal Agricultural Mortgage earnings · how Federal Agricultural Mortgage makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.