Federal National Mortgage Association Fannie Mae annual debt-to-equity ratio
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2025
Federal National Mortgage Association Fannie Mae Debt-to-Equity Ratio Growth & History (FNMA)
Federal National Mortgage Association Fannie Mae's debt-to-equity ratio was 38.12 for fiscal 2025.
View full Federal National Mortgage Association Fannie Mae company overviewFederal National Mortgage Association Fannie Mae annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 38.12 | −6.43 | −14.42% |
| 2024 | 2024-12-31 | 44.55 | −9.59 | −17.71% |
| 2023 | 2023-12-31 | 54.14 | −15.74 | −22.52% |
| 2022 | 2022-12-31 | 69.87 | −17.87 | −20.37% |
| 2021 | 2021-12-31 | 87.75 | −67.59 | −43.51% |
| 2020 | 2020-12-31 | 155.33 | −80.20 | −34.05% |
| 2019 | 2019-12-31 | 235.54 | −308.04 | −56.67% |
| 2018 | 2018-12-31 | 543.58 | — | — |
| 2016 | 2016-12-31 | 537.36 | −256.11 | −32.28% |
| 2015 | 2015-12-31 | 793.47 | −82.12 | −9.38% |
| 2014 | 2014-12-31 | 875.59 | 536.57 | +158.27% |
| 2013 | 2013-12-31 | 339.01 | −105.02 | −23.65% |
| 2012 | 2012-12-31 | 444.04 | — | — |
Federal National Mortgage Association Fannie Mae quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 35.95 | −5.37 | −12.99% |
| Q1 2026 | 2026-03-31 | 36.85 | −6.05 | −14.09% |
| Q4 2025 | 2025-12-31 | 38.12 | −6.43 | −14.42% |
| Q3 2025 | 2025-09-30 | 39.66 | −6.80 | −14.65% |
| Q2 2025 | 2025-06-30 | 41.32 | −7.26 | −14.94% |
| Q1 2025 | 2025-03-31 | 42.90 | −8.34 | −16.28% |
| Q4 2024 | 2024-12-31 | 44.55 | −9.59 | −17.71% |
| Q3 2024 | 2024-09-30 | 46.46 | −10.74 | −18.78% |
| Q2 2024 | 2024-06-30 | 48.58 | −12.50 | −20.46% |
| Q1 2024 | 2024-03-31 | 51.24 | −14.59 | −22.17% |
| Q4 2023 | 2023-12-31 | 54.14 | −15.74 | −22.52% |
| Q3 2023 | 2023-09-30 | 57.21 | −14.26 | −19.95% |
| Q2 2023 | 2023-06-30 | 61.07 | −13.40 | −18.00% |
| Q1 2023 | 2023-03-31 | 65.84 | −15.40 | −18.96% |
| Q4 2022 | 2022-12-31 | 69.87 | −17.87 | −20.37% |
| Q3 2022 | 2022-09-30 | 71.46 | −26.57 | −27.11% |
| Q2 2022 | 2022-06-30 | 74.48 | −35.15 | −32.06% |
| Q1 2022 | 2022-03-31 | 81.24 | −51.47 | −38.78% |
| Q4 2021 | 2021-12-31 | 87.75 | −67.59 | −43.51% |
| Q3 2021 | 2021-09-30 | 98.03 | −85.42 | −46.56% |
| Q2 2021 | 2021-06-30 | 109.63 | −113.27 | −50.82% |
| Q1 2021 | 2021-03-31 | 132.71 | −119.39 | −47.36% |
| Q4 2020 | 2020-12-31 | 155.33 | −80.20 | −34.05% |
| Q3 2020 | 2020-09-30 | 183.46 | −147.82 | −44.62% |
| Q2 2020 | 2020-06-30 | 222.89 | −307.37 | −57.97% |
| Q1 2020 | 2020-03-31 | 252.10 | −372.33 | −59.63% |
| Q4 2019 | 2019-12-31 | 235.54 | −308.04 | −56.67% |
| Q3 2019 | 2019-09-30 | 331.27 | −152.51 | −31.52% |
| Q2 2019 | 2019-06-30 | 530.26 | 85.26 | +19.16% |
| Q1 2019 | 2019-03-31 | 624.43 | −232.10 | −27.10% |
| Q4 2018 | 2018-12-31 | 543.58 | — | — |
| Q3 2018 | 2018-09-30 | 483.78 | −423.18 | −46.66% |
| Q2 2018 | 2018-06-30 | 445.00 | −439.50 | −49.69% |
| Q1 2018 | 2018-03-31 | 856.53 | −114.66 | −11.81% |
| Q3 2017 | 2017-09-30 | 906.96 | 132.75 | +17.15% |
| Q2 2017 | 2017-06-30 | 884.49 | 92.80 | +11.72% |
| Q1 2017 | 2017-03-31 | 971.19 | −547.45 | −36.05% |
| Q4 2016 | 2016-12-31 | 537.36 | −256.11 | −32.28% |
| Q3 2016 | 2016-09-30 | 774.21 | −33.00 | −4.09% |
| Q2 2016 | 2016-06-30 | 791.69 | 268.88 | +51.43% |
| Q1 2016 | 2016-03-31 | 1,518.64 | 614.94 | +68.05% |
| Q4 2015 | 2015-12-31 | 793.47 | −82.12 | −9.38% |
| Q3 2015 | 2015-09-30 | 807.21 | 302.96 | +60.08% |
| Q2 2015 | 2015-06-30 | 522.81 | −3.34 | −0.63% |
| Q1 2015 | 2015-03-31 | 903.69 | 506.44 | +127.49% |
| Q4 2014 | 2014-12-31 | 875.59 | 536.57 | +158.27% |
| Q3 2014 | 2014-09-30 | 504.25 | 224.16 | +80.03% |
| Q2 2014 | 2014-06-30 | 526.15 | 280.81 | +114.45% |
| Q1 2014 | 2014-03-31 | 397.25 | 345.39 | +665.94% |
| Q4 2013 | 2013-12-31 | 339.01 | −105.02 | −23.65% |
| Q3 2013 | 2013-09-30 | 280.09 | −1,075.02 | −79.33% |
| Q2 2013 | 2013-06-30 | 245.35 | −917.85 | −78.91% |
| Q1 2013 | 2013-03-31 | 51.86 | — | — |
| Q4 2012 | 2012-12-31 | 444.04 | — | — |
| Q3 2012 | 2012-09-30 | 1,355.11 | — | — |
| Q2 2012 | 2012-06-30 | 1,163.19 | — | — |
Federal National Mortgage Association Fannie Mae debt-to-equity ratio trends
Over the last five fiscal years, Federal National Mortgage Association Fannie Mae's debt-to-equity ratio decreased from 155.33 to 38.12, a change of −117.21. The latest reported quarter, Q2 2026, shows 35.95.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Federal National Mortgage Association Fannie Mae source filings ↗