National Rural Utilities Cooper(NRUC)Earnings, Financials & Key Ratios
NRUC•NYSE•Banking & Credit
$23.79
·Price updated May 6, 2026
AboutCFC offers long-term shelf financing for electric infrastructure projects such as distribution lines and power generation projects. Emergency credit lines are available so that power can be restored quickly following natural disasters. Farmer Mac and other partners provide financings, such as loan syndications and loan resales.Show more
- Net Interest Income$261M
- Total Revenue$23M-96.6%
- Net Income$140M-74.7%
- Return on Equity4.57%-76.9%
- Net Interest Margin0.68%
- Efficiency Ratio302.92%+1542.9%
- ROA0.38%-76.2%
- Equity / Assets8.1%-2.7%
- Debt/Equity10.39+21.8%
NRUC Key Insights
National Rural Utilities Cooper (NRUC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 97 (top 3%)
- ✓Good 3Y average ROE of 15.2%
✗Weaknesses
- ✗High debt to equity ratio of 10.4x
- ✗Weak NIM of 0.7%
- ✗High cost structure: 302.9% efficiency ratio
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
NRUC Price & Volume
National Rural Utilities Cooper (NRUC) stock price & volume — 10-year historical chart
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NRUC Growth Metrics
National Rural Utilities Cooper (NRUC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-18.4%
5 Years-
3 Years-70.34%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-44%
TTM-46.28%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-
Return on Capital
10 Years1%
5 Years2.19%
3 Years1.63%
Last Year-
NRUC Peer Comparison
National Rural Utilities Cooper (NRUC) competitors in Small Business and Middle-Market Lending — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ED | 25.7B | 109.15 | 19.35 | 10.89% | 12.26% | 8.42% | 17.62% | 0.01 |
 AEE | 30.89B | 111.64 | 20.87 | 15.43% | 17.17% | 11.6% | 1.47 | |
 WEC | 37.53B | 115.22 | 23.86 | 13.96% | 16.25% | 11.64% | 1.59 | |
 EVRG | 18.79B | 81.61 | 22.30 | 2.37% | 14.63% | 8.22% | 0.07 | |
 NWE | 4.37B | 70.99 | 24.15 | 6.38% | 10.21% | 5.8% | 1.14 | |
 IDA | 8.04B | 145.02 | 24.58 | -0.75% | 18.61% | 9.4% | 1.02 | |
 NEE | 200.77B | 96.28 | 29.26 | 11% | 29.3% | 12.66% | 1.44 | |
 AEP | 74.51B | 137.07 | 20.58 | 9.37% | 16.49% | 11.45% | 1.56 |
Compare NRUC vs Peers
National Rural Utilities Cooper (NRUC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NRUC Income Statement
National Rural Utilities Cooper (NRUC) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | May'17 | May'18 | May'19 | May'20 | May'21 | May'22 | May'23 | May'24 | May'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 0 | 0 | 0 | -821.09M | -702.06M | 435.71M | 0 | 0 | 260.95M | 1.21B |
| NII Growth % | - | - | - | - | 14.5% | 162.06% | -100% | - | - | 0% |
| Net Interest Margin % | 0% | 0% | 0% | -2.92% | -2.37% | 1.39% | 0% | 0% | 0.68% | 3.21% |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 1.14B | 0 | 0 | 1.7B | 1.21B |
| Interest Expense | 741.74M | 792.74M | 836.21M | 821.09M | 702.06M | 705.53M | 0 | 0 | 1.44B | 0 |
| Loan Loss Provision | -633.1M | -524.86M | -1.18B | -1.61B | -222.77M | -261.26M | 280.27M | 259.78M | -1.44B | 0 |
| Non-Interest Income | 403.53M | 552.5M | -49.06M | -463.15M | 912.76M | -244.07M | 613.62M | 685.38M | -1.68B | -857.09M |
| Non-Interest Income % | 100% | 100% | 100% | 100% | 100% | -27.2% | 100% | 100% | -7172.56% | -241.23% |
| Total Revenue | 403.53M▲ 0% | 552.5M▲ 36.9% | -49.06M▼ 108.9% | -463.15M▼ 844.1% | 912.76M▲ 297.1% | 897.18M▼ 1.7% | 613.62M▼ 31.6% | 685.38M▲ 11.7% | 23.42M▼ 96.6% | 355.3M▲ 0% |
| Revenue Growth % | 830.32% | 36.91% | -108.88% | -844.09% | 297.07% | -1.71% | -31.61% | 11.69% | -96.58% | 807.38% |
| Non-Interest Expense | 89.73M | 92.83M | 101.94M | 127.44M | 97.78M | 97.49M | 111.23M | 126.37M | 70.94M | 138.88M |
| Efficiency Ratio | 22.24% | 16.8% | -207.8% | -27.52% | 10.71% | 10.87% | 18.13% | 18.44% | 302.92% | 39.09% |
| Operating Income | 315.56M▲ 0% | 461.61M▲ 46.3% | -142.22M▼ 130.8% | -564.32M▼ 296.8% | 818.05M▲ 245.0% | 801.99M▼ 2.0% | 503.99M▼ 37.2% | 559.01M▲ 10.9% | 0▼ 100.0% | 216.43M▲ 0% |
| Operating Margin % | 78.2% | 83.55% | 289.91% | 121.84% | 89.62% | 89.39% | 82.13% | 81.56% | 0% | 60.91% |
| Operating Income Growth % | 732.81% | 46.28% | -130.81% | -296.78% | 244.96% | -1.96% | -37.16% | 10.92% | -100% | - |
| Pretax Income | 313.8M▲ 0% | 459.67M▲ 46.5% | -151M▼ 132.8% | -590.59M▼ 291.1% | 814.98M▲ 238.0% | 799.68M▼ 1.9% | 502.39M▼ 37.2% | 555.82M▲ 10.6% | 140.2M▼ 74.8% | 214.06M▲ 0% |
| Pretax Margin % | 77.76% | 83.2% | 307.8% | 127.52% | 89.29% | 89.13% | 81.87% | 81.1% | 598.64% | 60.25% |
| Income Tax | 1.7M | 2.31M | 211K | -1.16M | 998K | 1.15M | 800K | 1.5M | 188K | 634K |
| Effective Tax Rate % | 0.54% | 0.5% | -0.14% | 0.2% | 0.12% | 0.14% | 0.16% | 0.27% | 0.13% | 0.3% |
| Net Income | 309.91M▲ 0% | 455.19M▲ 46.9% | -149.23M▼ 132.8% | -585.24M▼ 292.2% | 811.67M▲ 238.7% | 795.85M▼ 1.9% | 501.49M▼ 37.0% | 553.35M▲ 10.3% | 139.73M▼ 74.7% | 212.16M▲ 0% |
| Net Margin % | 76.8% | 82.39% | 304.19% | 126.36% | 88.92% | 88.71% | 81.73% | 80.74% | 596.64% | 59.71% |
| Net Income Growth % | 724.14% | 46.88% | -132.78% | -292.17% | 238.69% | -1.95% | -36.99% | 10.34% | -74.75% | -46.28% |
| Net Income (Continuing) | 312.1M | 457.36M | -151.21M | -589.43M | 813.98M | 798.54M | 501.59M | 554.32M | 140.01M | 213.42M |
| EPS (Diluted) | 0.00▲ 0% | 0.00▲ 0% | 0.00▲ 0% | 0.00▲ 0% | 0.00▲ 0% | 0.00▲ 0% | 0.00▲ 0% | 0.00▲ 0% | 0.00▲ 0% | -▲ 0% |
| EPS Growth % | - | - | - | - | - | - | - | - | - | - |
| EPS (Basic) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - |
| Diluted Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
NRUC Balance Sheet
National Rural Utilities Cooper (NRUC) balance sheet — assets, liabilities & shareholders' equity
| Line item | May'17 | May'18 | May'19 | May'20 | May'21 | May'22 | May'23 | May'24 | May'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 166.62M | 231M | 177.92M | 671.37M | 295.06M | 153.55M | 198.94M | 598.36M | 259.63M | 1.74B |
| Cash & Due from Banks | 166.62M | 231M | 177.92M | 671.37M | 295.06M | 153.55M | 198.94M | 280.12M | 134.71M | 245.44M |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 318.24M | 124.92M | 161.62M |
| Total Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 318.24M | 124.92M | 161.62M |
| Investments Growth % | - | - | - | - | - | - | - | - | -60.75% | 0% |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 28.1M | 37.26M | 21.36M | 17.25M | 23.1M | 38.67M | 1.75M | 4.92M | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 28.1M | 37.26M | 21.36M | 17.25M | 23.1M | 38.67M | 1.75M | 4.92M | 0 | 0 |
| PP&E (Net) | 94.16M | 78.78M | 99.26M | 71.89M | 68.78M | 63.09M | 84.26M | 80.19M | 81.67M | 82.65M |
| Other Assets | 24.92B | 26.34B | 26.83B | 27.4B | 29.25B | 31B | 33.73B | 35.81B | 0 | 0 |
| Total Current Assets | 166.62M | 231M | 177.92M | 671.37M | 295.06M | 153.55M | 198.94M | 817.85M | 554.23M | 619.47M |
| Total Non-Current Assets | 25.04B | 26.46B | 26.95B | 27.49B | 29.34B | 31.1B | 33.81B | 35.9B | 81.67M | 82.65M |
| Total Assets | 25.21B▲ 0% | 26.69B▲ 5.9% | 27.12B▲ 1.6% | 28.16B▲ 3.8% | 29.64B▲ 5.3% | 31.25B▲ 5.4% | 34.01B▲ 8.8% | 36.18B▲ 6.4% | 38.33B▲ 5.9% | 37.78B▲ 0% |
| Asset Growth % | 3.85% | 5.89% | 1.63% | 3.81% | 5.26% | 5.44% | 8.83% | 6.37% | 5.94% | 21.31% |
| Return on Assets (ROA) | 1.25% | 1.75% | -0.55% | -2.12% | 2.81% | 2.61% | 1.54% | 1.58% | 0.38% | 0.56% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 20.12B | 20.84B | 21.55B | 22.04B | 22.84B | 23.77B | 26.45B | 25.71B | 32.26B | 31.77B |
| Net Debt | 19.95B | 20.61B | 21.38B | 21.37B | 22.55B | 23.61B | 26.25B | 25.43B | 32.12B | 31.53B |
| Long-Term Debt | 20.12B | 20.84B | 21.55B | 22.04B | 22.84B | 23.77B | 26.45B | 25.71B | 27.16B | 27.54B |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.09B | 4.24B |
| Other Liabilities | 3.99B | 4.35B | 4.27B | 5.47B | 5.27B | 5.21B | 384.82M | 3.09B | 2.93B | 2.94B |
| Total Current Liabilities | 137.48M | 149.28M | 159M | 139.62M | 123.67M | 131.95M | 212.34M | 4.37B | 5.12B | 4.27B |
| Total Non-Current Liabilities | 23.97B | 25.04B | 25.66B | 27.37B | 28.11B | 28.98B | 31.21B | 28.8B | 30.1B | 30.48B |
| Total Liabilities | 24.11B | 25.18B | 25.82B | 27.51B | 28.24B | 29.11B | 31.42B | 33.17B | 35.22B | 34.75B |
| Total Equity | 1.1B▲ 0% | 1.51B▲ 37.0% | 1.3B▼ 13.4% | 648.82M▼ 50.2% | 1.4B▲ 115.8% | 2.14B▲ 53.0% | 2.59B▲ 20.9% | 3.01B▲ 16.3% | 3.1B▲ 3.0% | 3.03B▲ 0% |
| Equity Growth % | 34.43% | 37.04% | -13.41% | -50.24% | 115.76% | 53.01% | 20.88% | 16.33% | 3.03% | 25.66% |
| Equity / Assets (Capital Ratio) | 4.36% | 5.64% | 4.81% | 2.3% | 4.72% | 6.85% | 7.61% | 8.33% | 8.1% | 8.02% |
| Return on Equity (ROE) | 32.35% | 34.95% | -10.62% | -59.94% | 79.24% | 44.94% | 21.2% | 19.76% | 4.57% | 7% |
| Book Value per Share | - | - | - | - | - | - | - | - | - | - |
| Tangible BV per Share | - | - | - | - | - | - | - | - | - | - |
| Common Stock | 971K | 969K | 969K | 969K | 968K | 970K | 969K | 0 | 0 | 0 |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 756.1M | 805.89M | 863.77M | 897.26M | 923.26M | 954.28M | 1.01B | 0 | 0 | 0 |
| Accumulated OCI | 312.88M | 667.47M | 412M | -272.11M | 450.72M | 1.16B | 1.56B | -1.42M | -2.24M | -1.36M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 147K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
NRUC Cash Flow Statement
National Rural Utilities Cooper (NRUC) cash flow — operating, investing & free cash flow history
| Line item | May'17 | May'18 | May'19 | May'20 | May'21 | May'22 | May'23 | May'24 | May'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 179.57M | 155.23M | 197.04M | 219.22M | 239.96M | 250.79M | 337.77M | 320.62M | 207.53M | 207.53M |
| Operating CF Growth % | -21.09% | -13.55% | 26.93% | 11.25% | 9.46% | 4.52% | 34.68% | -5.08% | -35.27% | 97.83% |
| Net Income | 309.91M | 455.19M | -149.23M | -585.24M | 811.67M | 795.85M | 501.49M | 553.35M | 140.01M | 212.16M |
| Depreciation & Amortization | 7.17M | 7.93M | 9.3M | 9.24M | 7.96M | 7.55M | 4.72M | 40.3M | -2.98M | 45.01M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -139.29M | -291.93M | 343.13M | 778.75M | -588.95M | -549.04M | -107.13M | -255.5M | 70.5M | 44.88M |
| Working Capital Changes | 1.78M | -15.95M | -6.16M | 16.47M | 9.28M | -3.56M | -61.3M | -17.52M | 0 | 2.16M |
| Cash from Investing | -998.42M | -1.21B | -697.68M | -481.3M | -1.97B | -1.63B | -2.46B | -1.82B | -2.32B | -1.86B |
| Purchase of Investments | 0 | 0 | 0 | -3.88M | -397.52M | -181.54M | -117.29M | 0 | 0 | 0 |
| Sale/Maturity of Investments | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Net Investment Activity | 0 | 0 | 0 | -2.88M | -396.52M | -180.55M | -116.29M | 1000K | 1000K | 1000K |
| Acquisitions | 0 | 0 | 0 | -21.12M | 269.65M | 18.81M | -84.56M | 0 | 0 | 0 |
| Other Investing | -980.63M | -1.2B | -682.95M | -471.73M | -1.96B | -1.61B | -2.45B | -2.02B | -2.5B | -2.01B |
| Cash from Financing | 798.11M | 1.11B | 448.02M | 755.9M | 1.36B | 1.24B | 2.17B | 1.58B | 1.97B | 1.66B |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -41.87M | -44.67M | -49.86M | -63.03M | -59.89M | -57.76M | -59.19M | -110.2M | 0 | 63.36M |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Stock Activity | -41.87M | -44.67M | -49.86M | -63.03M | -59.89M | -57.76M | -59.19M | -110.2M | 0 | 63.36M |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 4M |
| Other Financing | 401.44M | 450.56M | -204.21M | 352.46M | 618.64M | 395.51M | -440.3M | -217.8M | 1.97B | -373.35M |
| Net Change in Cash | -16.12M▲ 0% | 50.4M▲ 412.7% | -52.62M▼ 204.4% | 493.81M▲ 1038.5% | -376.66M▼ 176.3% | -142.25M▲ 62.2% | 46.12M▲ 132.4% | 81.1M▲ 75.8% | -145.22M▼ 279.1% | 100.73M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 204.54M | 188.42M | 238.82M | 186.2M | 680.02M | 303.36M | 161.11M | 207.24M | 288.34M | 355.42M |
| Cash at End | 188.42M | 238.82M | 186.2M | 680.02M | 303.36M | 161.11M | 207.24M | 288.34M | 143.12M | 253.79M |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 992.81M |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 161.78M▲ 0% | 140.04M▼ 13.4% | 182.32M▲ 30.2% | 209.65M▲ 15.0% | 230.09M▲ 9.8% | 233.07M▲ 1.3% | 330.05M▲ 41.6% | 314.47M▼ 4.7% | 207.53M▼ 34.0% | 298.61M▲ 0% |
| FCF Growth % | -25.71% | -13.44% | 30.19% | 14.99% | 9.75% | 1.29% | 41.61% | -4.72% | -34.01% | -4% |
NRUC Banking Ratios
National Rural Utilities Cooper (NRUC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 32.35% | 34.95% | -10.62% | -59.94% | 79.24% | 44.94% | 21.2% | 19.76% | 4.57% | 7% |
| Return on Assets (ROA) | 1.25% | 1.75% | -0.55% | -2.12% | 2.81% | 2.61% | 1.54% | 1.58% | 0.38% | 0.56% |
| Net Interest Margin | 0% | 0% | 0% | -2.92% | -2.37% | 1.39% | 0% | 0% | 0.68% | 3.21% |
| Efficiency Ratio | 22.24% | 16.8% | -207.8% | -27.52% | 10.71% | 10.87% | 18.13% | 18.44% | 302.92% | 39.09% |
| Equity / Assets | 4.36% | 5.64% | 4.81% | 2.3% | 4.72% | 6.85% | 7.61% | 8.33% | 8.1% | 8.02% |
| NII Growth | - | - | - | - | 14.5% | 162.06% | -100% | - | - | - |
| Dividend Payout | - | - | - | - | - | - | - | - | - | 0% |
NRUC Frequently Asked Questions
National Rural Utilities Cooper (NRUC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
National Rural Utilities Cooper (NRUC) saw revenue decline by 96.6% over the past year.
Yes, National Rural Utilities Cooper (NRUC) is profitable, generating $212.2M in net income for fiscal year 2025 (596.6% net margin).
Dividend & Returns
National Rural Utilities Cooper (NRUC) has a return on equity (ROE) of 4.6%. This is below average, suggesting room for improvement.
Industry Metrics
National Rural Utilities Cooper (NRUC) has a net interest margin (NIM) of 0.7%. NIM has been under pressure due to interest rate environment.
National Rural Utilities Cooper (NRUC) has an efficiency ratio of 302.9%. This is higher than peers, suggesting room for cost optimization.
Explore More NRUC
National Rural Utilities Cooper (NRUC) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates