Filing Flows › Comparisons › FNMA vs AGM
Federal National Mortgage Association Fannie Mae vs Federal Agricultural Mortgage: FNMA and AGM compared
Federal National Mortgage Association Fannie Mae is the larger company: $7.7B of revenue in its latest quarter (Q3 2026) against $125M for Federal Agricultural Mortgage (Q3 2026). Federal Agricultural Mortgage is growing faster (+20% against +5% a year earlier). Federal National Mortgage Association Fannie Mae is more profitable, with an operating margin of 66.8% against 63.5%.
Where the money goes: FNMA and AGM
Federal National Mortgage Association Fannie Mae (FNMA) · Q3 2026
Federal National Mortgage Association Fannie Mae, Q3 2026: revenue $7.7B (+5% year over year), operating margin 66.8%, net earnings $4.2B, operating cash flow $876M. 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 National Mortgage Association Fannie Mae (FNMA) | Federal Agricultural Mortgage (AGM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $7.7B | $125M |
| Revenue growth, Y/Y | +5% | +20% |
| Operating margin | 66.8% | 63.5% |
| Net earnings | $4.2B | $64.2M |
| Net margin | 54.6% | 51.3% |
| Operating cash flow | $876M | $363M |
| Market value | $25.1B | $2.2B |
| P/E | 19.4× | 9.3× |
| Analysts’ mean target | $4.12 | $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 National Mortgage Association Fannie Mae or Federal Agricultural Mortgage?
Federal National Mortgage Association Fannie Mae is the larger company: $7.7B of revenue in its latest quarter (Q3 2026) against $125M for Federal Agricultural Mortgage (Q3 2026).
Is Federal National Mortgage Association Fannie Mae or Federal Agricultural Mortgage growing faster?
Federal Agricultural Mortgage is growing faster (+20% against +5% a year earlier).
Which is more profitable, Federal National Mortgage Association Fannie Mae or Federal Agricultural Mortgage?
Federal National Mortgage Association Fannie Mae is more profitable, with an operating margin of 66.8% against 63.5%.
More: Federal National Mortgage Association Fannie Mae earnings · how Federal National Mortgage Association Fannie Mae 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 28, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.