National Rural Utilities Cooper (NRUC) 10-Year Financial Performance & Capital Metrics

NRUC • • Banking & Credit

Financial ServicesCredit ServicesAgricultural & Rural FinanceAgricultural Credit Institutions

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 Equity 4.57% -76.9%
Net Interest Margin 0.68%
Efficiency Ratio 302.92% +1542.9%
ROA 0.38% -76.2%
Equity / Assets 8.1% -2.7%
Book Value per Share -
Tangible BV/Share -
Debt/Equity 10.39 +21.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Good 3Y average ROE of 15.2%
✓Trading near 52-week high

✗Weaknesses

✗High debt to equity ratio of 10.4x
✗Weak NIM of 0.7%
✗High cost structure: 302.9% efficiency ratio

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-18.4%

5Y-

3Y-70.34%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-44%

TTM-46.28%

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg1%

5Y Avg2.19%

3Y Avg1.63%

Latest-

Peer Comparison

Agricultural Credit Institutions

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AGMFederal Agricultural Mortgage Corporation	1.59B	170.13	10.35	14.74%	12.75%	12.8%	38.09%	19.68
NRUCNational Rural Utilities Cooper		24.60		-96.58%	5.97%	7%		10.39

Profit & Loss

	May 2016	May 2017	May 2018	May 2019	May 2020	May 2021	May 2022	May 2023	May 2024	May 2025
Net Interest Income+	0	0	0	0	-821.09M	-702.06M	435.71M	0	0	260.95M
NII Growth %	-	-	-	-	-	0.14%	1.62%	-1%	-	-
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	0	0	0	0	1.14B	0	0	1.7B
Interest Expense	681.85M	741.74M	792.74M	836.21M	821.09M	702.06M	705.53M	0	0	1.44B
Loan Loss Provision	-969.26M	-633.1M	-524.86M	-1.18B	-1.61B	-222.77M	-261.26M	280.27M	259.78M	-1.44B
Non-Interest Income+	43.38M	403.53M	552.5M	-49.06M	-463.15M	912.76M	-244.07M	613.62M	685.38M	-1.68B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	43.38M	403.53M	552.5M	-49.06M	-463.15M	912.76M	897.18M	613.62M	685.38M	23.42M
Revenue Growth %	-0.76%	8.3%	0.37%	-1.09%	-8.44%	2.97%	-0.02%	-0.32%	0.12%	-0.97%
Non-Interest Expense	94.83M	89.73M	92.83M	101.94M	127.44M	97.78M	97.49M	111.23M	126.37M	70.94M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	-49.87M	315.56M	461.61M	-142.22M	-564.32M	818.05M	801.99M	503.99M	559.01M	0
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-1.83%	7.33%	0.46%	-1.31%	-2.97%	2.45%	-0.02%	-0.37%	0.11%	-1%
Pretax Income+	-51.46M	313.8M	459.67M	-151M	-590.59M	814.98M	799.68M	502.39M	555.82M	140.2M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	57K	1.7M	2.31M	211K	-1.16M	998K	1.15M	800K	1.5M	188K
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-49.65M	309.91M	455.19M	-149.23M	-585.24M	811.67M	795.85M	501.49M	553.35M	139.73M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-1.61%	7.24%	0.47%	-1.33%	-2.92%	2.39%	-0.02%	-0.37%	0.1%	-0.75%
Net Income (Continuing)	-51.52M	312.1M	457.36M	-151.21M	-589.43M	813.98M	798.54M	501.59M	554.32M	140.01M
EPS (Diluted)+	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EPS Growth %	-	-	-	-	-	-	-	-	-	-
EPS (Basic)	0.00	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

Balance Sheet

	May 2016	May 2017	May 2018	May 2019	May 2020	May 2021	May 2022	May 2023	May 2024	May 2025
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	204.54M	166.62M	231M	177.92M	671.37M	295.06M	153.55M	198.94M	280.12M	134.71M
Short Term Investments	0	0	0	0	0	0	0	0	1000K	1000K
Total Investments+	0	0	0	0	0	0	0	0	318.24M	124.92M
Investments Growth %	-	-	-	-	-	-	-	-	-	-0.61%
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+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	17.3M	28.1M	37.26M	21.36M	17.25M	23.1M	38.67M	1.75M	4.92M	0
PP&E (Net)	95.26M	94.16M	78.78M	99.26M	71.89M	68.78M	63.09M	84.26M	80.19M	81.67M
Other Assets	23.95B	24.92B	26.34B	26.83B	27.4B	29.25B	31B	33.73B	35.81B	0
Total Current Assets	204.54M	166.62M	231M	177.92M	671.37M	295.06M	153.55M	198.94M	817.85M	554.23M
Total Non-Current Assets	24.07B	25.04B	26.46B	26.95B	27.49B	29.34B	31.1B	33.81B	35.9B	81.67M
Total Assets+	24.27B	25.21B	26.69B	27.12B	28.16B	29.64B	31.25B	34.01B	36.18B	38.33B
Asset Growth %	0.06%	0.04%	0.06%	0.02%	0.04%	0.05%	0.05%	0.09%	0.06%	0.06%
Return on Assets (ROA)	-0%	0.01%	0.02%	-0.01%	-0.02%	0.03%	0.03%	0.02%	0.02%	0%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	19.66B	20.12B	20.84B	21.55B	22.04B	22.84B	23.77B	26.45B	25.71B	32.26B
Net Debt	19.46B	19.95B	20.61B	21.38B	21.37B	22.55B	23.61B	26.25B	25.43B	32.12B
Long-Term Debt	19.66B	20.12B	20.84B	21.55B	22.04B	22.84B	23.77B	26.45B	25.71B	27.16B
Short-Term Debt	0	0	0	0	0	0	0	0	0	5.09B
Other Liabilities	3.79B	3.99B	4.35B	4.27B	5.47B	5.27B	5.21B	384.82M	3.09B	2.93B
Total Current Liabilities	133M	137.48M	149.28M	159M	139.62M	123.67M	131.95M	212.34M	4.37B	5.12B
Total Non-Current Liabilities	23.32B	23.97B	25.04B	25.66B	27.37B	28.11B	28.98B	31.21B	28.8B	30.1B
Total Liabilities	23.45B	24.11B	25.18B	25.82B	27.51B	28.24B	29.11B	31.42B	33.17B	35.22B
Total Equity+	817.38M	1.1B	1.51B	1.3B	648.82M	1.4B	2.14B	2.59B	3.01B	3.1B
Equity Growth %	-0.1%	0.34%	0.37%	-0.13%	-0.5%	1.16%	0.53%	0.21%	0.16%	0.03%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	-0.06%	0.32%	0.35%	-0.11%	-0.6%	0.79%	0.45%	0.21%	0.2%	0.05%
Book Value per Share	-	-	-	-	-	-	-	-	-	-
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	974K	971K	969K	969K	969K	968K	970K	969K	0	0
Additional Paid-in Capital	0	0	0	0	0	0	0	0	0	0
Retained Earnings	708.15M	756.1M	805.89M	863.77M	897.26M	923.26M	954.28M	1.01B	0	0
Accumulated OCI	82.17M	312.88M	667.47M	412M	-272.11M	450.72M	1.16B	1.56B	-1.42M	-2.24M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	147K	0	0	0	0	0	0

Cash Flow

	May 2016	May 2017	May 2018	May 2019	May 2020	May 2021	May 2022	May 2023	May 2024	May 2025
Cash from Operations+	227.56M	179.57M	155.23M	197.04M	219.22M	239.96M	250.79M	337.77M	320.62M	207.53M
Operating CF Growth %	0.04%	-0.21%	-0.14%	0.27%	0.11%	0.09%	0.05%	0.35%	-0.05%	-0.35%
Net Income	-49.65M	309.91M	455.19M	-149.23M	-585.24M	811.67M	795.85M	501.49M	553.35M	140.01M
Depreciation & Amortization	7.33M	7.17M	7.93M	9.3M	9.24M	7.96M	7.55M	4.72M	40.3M	-2.98M
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	276.11M	-139.29M	-291.93M	343.13M	778.75M	-588.95M	-549.04M	-107.13M	-255.5M	70.5M
Working Capital Changes	-6.22M	1.78M	-15.95M	-6.16M	16.47M	9.28M	-3.56M	-61.3M	-17.52M	0
Cash from Investing+	-1.56B	-998.42M	-1.21B	-697.68M	-481.3M	-1.97B	-1.63B	-2.46B	-1.82B	-2.32B
Purchase of Investments	0	0	0	0	-3.88M	-397.52M	-181.54M	-117.29M	0	0
Sale/Maturity of Investments	0	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	-21.12M	269.65M	18.81M	-84.56M	0	0
Other Investing	-1.55B	-980.63M	-1.2B	-682.95M	-471.73M	-1.96B	-1.61B	-2.45B	-2.02B	-2.5B
Cash from Financing+	1.29B	798.11M	1.11B	448.02M	755.9M	1.36B	1.24B	2.17B	1.58B	1.97B
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-38.85M	-41.87M	-44.67M	-49.86M	-63.03M	-59.89M	-57.76M	-59.19M	-110.2M	0
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Other Financing	-191.91M	401.44M	450.56M	-204.21M	352.46M	618.64M	395.51M	-440.3M	-217.8M	1.97B
Net Change in Cash+	-44.3M	-16.12M	50.4M	-52.62M	493.81M	-376.66M	-142.25M	46.12M	81.1M	-145.22M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	248.84M	204.54M	188.42M	238.82M	186.2M	680.02M	303.36M	161.11M	207.24M	288.34M
Cash at End	204.54M	188.42M	238.82M	186.2M	680.02M	303.36M	161.11M	207.24M	288.34M	143.12M
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	217.75M	161.78M	140.04M	182.32M	209.65M	230.09M	233.07M	330.05M	314.47M	207.53M
FCF Growth %	0.04%	-0.26%	-0.13%	0.3%	0.15%	0.1%	0.01%	0.42%	-0.05%	-0.34%

Banking Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-5.74%	32.35%	34.95%	-10.62%	-59.94%	79.24%	44.94%	21.2%	19.76%	4.57%
Return on Assets (ROA)	-0.21%	1.25%	1.75%	-0.55%	-2.12%	2.81%	2.61%	1.54%	1.58%	0.38%
Net Interest Margin	0%	0%	0%	0%	-2.92%	-2.37%	1.39%	0%	0%	0.68%
Efficiency Ratio	218.63%	22.24%	16.8%	-207.8%	-27.52%	10.71%	10.87%	18.13%	18.44%	302.92%
Equity / Assets	3.37%	4.36%	5.64%	4.81%	2.3%	4.72%	6.85%	7.61%	8.33%	8.1%
NII Growth	-	-	-	-	-	14.5%	162.06%	-100%	-	-

Frequently Asked Questions

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.

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