Federal Home Loan Bank Of San Francisco's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Federal Home Loan Bank Of San Francisco (FHLBSF) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Federal Home Loan Bank Of San Francisco vs Its Competitors
- TTM: Trailing 12-month revenue of 623M vs 64,666M combined for its competitors (1.0% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-3.7% annualized vs trailing 12 months), vs decelerating (-5.0%) for its tracked peer group.
- Growth: Federal Home Loan Bank Of San Francisco generated -3.9% revenue growth year over year in Q2 2026, vs 4.0% for its competitors combined.
- Profitability: Its 62.0% net margin compares with 58.6% for the peer group.
- Peer revenue share: Federal Home Loan Bank Of San Francisco accounted for 1.0% of combined revenue among its tracked peer group, down from 1.1% a year earlier.
- Peer differentiation: Revenue per employee of $2.32M compares with $0.70M for the peer group (3.3x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
FHLBSF Sales vs. its Competitors, Q2 2026
Federal Home Loan Bank Of San Francisco reported revenue contraction of 3.85 % year on year in Q2 2026, below its competitors' combined revenue growth of 3.95 %.
With a net margin of 62.00 %, Federal Home Loan Bank Of San Francisco achieved higher profitability than its competitors (58.60 %).
Federal Home Loan Bank Of San Francisco generated 0.97 % of the combined sales of its peer group, down from 1.05 % a year earlier.
Federal Home Loan Bank Of San Francisco vs. its Competitors, Q2 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Federal Home Loan Bank Of San Francisco reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Federal Home Loan Bank Of San Francisco and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Federal Home Loan Bank Of San Francisco | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Federal Home Loan Bank Of San Francisco's competitor groups requires a Commercial License.
For context: the Miscellaneous Financial Services industry grew revenue 355.0% year over year, combined, vs -3.9% for Federal Home Loan Bank Of San Francisco. Federal Home Loan Bank Of San Francisco's share of combined industry revenue moved from 0.19% to 0.04%, a loss of 0.15 percentage points.
Federal Home Loan Bank Of San Francisco's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Federal Home Loan Bank Of San Francisco | Yes | No | No | No |
| Competitors combined (13) | ||||
| High-Confidence Competitors (1) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
FHLBSF Stock Performance relative to its Competitors
FHLBSF Stock Performance relative to High-Confidence Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Bank Bradesco | 282.9% | Outperformed |
| 2 | Federal Home Loan Mortgage Corporation | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Federal Home Loan Bank Of San Francisco's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Federal Home Loan Bank Of San Francisco's Comment on Competition and Industry Peers
Publicly Traded Peers of Federal Home Loan Bank Of San Francisco
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Federal Home Loan Bank Of San Francisco |
- | 623.00 |
 Federal National Mortgage Association Fannie Mae |
28,227.47 | 33,420.00 |
 Federal Home Loan Mortgage Corporation |
14,100.24 | 24,430.00 |
 Bank Bradesco |
13,614.07 | 118.96 |
 Federal Agricultural Mortgage Corporation |
1,545.24 | 410.77 |
 Federal Home Loan Bank Of Topeka |
- | 535.96 |
| SUBTOTAL | 57,487.03 | 65,407.60 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Federal Home Loan Bank Of San Francisco versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Federal Home Loan Bank Of San Francisco's Competitors Named by the Company
Competitive relationships identified from Federal Home Loan Bank Of San Francisco reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| U.S. Treasury | Company report | 85% |
| First Savings Financial Group Inc | Company report | 85% |
| Federal Reserve System | Company report | 85% |
| Two | Company report | 85% |
| Bank Bradesco | Company report | 85% |
| Federal Home Loan Bank Of Indianapolis | Company report | 85% |
| Federal Home Loan Bank Of Dallas | Company report | 85% |
| Federal Home Loan Bank Of Chicago | Company report | 85% |
| Federal Home Loan Bank Of Pittsburgh | Company report | 85% |
| Federal Home Loan Bank Of Cincinnati | Company report | 85% |
| Federal Home Loan Bank Of Des Moines | Company report | 85% |
| Federal Home Loan Bank Of Atlanta | Company report | 85% |
| Federal Home Loan Bank Of Topeka | Company report | 85% |
| Federal Home Loan Bank Of Boston | Company report | 85% |
| Federal Home Loan Mortgage Corporation | Company report | 85% |
| Federal National Mortgage Association Fannie Mae | Company report | 85% |
Company report basis, confidence, active dates and source counts for Federal Home Loan Bank Of San Francisco's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Federal Home Loan Bank Of San Francisco's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Federal Home Loan Bank Of San Francisco | - | 2,324,627 | 1,388,060 |
| Federal National Mortgage Association Fannie Mae | 28,227 | 83,341,646 | 38,418,953 |
| Federal Home Loan Mortgage Corporation | 14,100 | 3,321,550 | 1,822,978 |
| Bank Bradesco | 13,614 | 1,449 | 52,215 |
| Federal Agricultural Mortgage Corporation | 1,545 | 1,937,585 | 1,080,193 |
| Federal Home Loan Bank Of Topeka | - | 2,037,871 | 1,372,323 |
| PEERS TOTAL | 57,487 | 698,539 | 412,101 |
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Federal Home Loan Bank Of San Francisco's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Miscellaneous Financial Services industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (119 companies). See the full Miscellaneous Financial Services industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | - | 39.10 % (avg) | - |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 0.92 % | 7.04 % (avg) | -6.1 pp |
| Capital Intensity (Capex / Revenue) | - | 5.26 % (avg) | - |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Federal Home Loan Bank Of San Francisco's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -32.53 % | -8.53 % | -6.44 % | -2.54 % | -11.15 % | 53.93 % | -16.08 % | -2.97 % |
| Operating Margin | 65.27 % | 68.31 % | 66.12 % | 69.33 % | 66.74 % | 75.06 % | 67.46 % | 68.76 % |
| Return on Invested Capital | 0.37 % | 0.36 % | 0.32 % | 0.39 % | 0.53 % | 0.51 % | 0.49 % | 0.53 % |
| P/E | - | - | - | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Federal Home Loan Bank Of San Francisco's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Federal Home Loan Bank Of San Francisco falls in the Low attractiveness / Low strength cell: Harvest / Divest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Federal Home Loan Bank Of San Francisco's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Latest-quarter revenue run-rate is decelerating (-3.7% annualized vs trailing 12 months).
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-5.0% annualized).
Methodology: see Methodology: SWOT Analysis.
Federal Home Loan Bank Of San Francisco's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Federal Home Loan Bank Of San Francisco | 4.92 | 34.22 | 4.95 |
| Federal National Mortgage Association Fannie Mae | 0.90 | 338.55 | 18.73 |
| Federal Home Loan Mortgage Corporation | 0.07 | 101.80 | 2.47 |
| Bank Bradesco | 90.31 | 6.18 | - |
| Federal Agricultural Mortgage Corporation | - | 0.59 | 6.84 |
| Federal Home Loan Bank Of Topeka | 1.91 | 54.96 | 10.55 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Federal Home Loan Bank Of San Francisco's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Federal Home Loan Bank Of San Francisco | Q2 2026 | -3.8 % | -1.1 % |
| Federal National Mortgage Association Fannie Mae | Q3 2026 | +20.0 % | +8.2 % |
| Federal Home Loan Mortgage Corporation | Q3 2026 | +15.2 % | +16.7 % |
| Bank Bradesco | Q4 2025 | -71.8 % | +31.1 % |
| Federal Agricultural Mortgage Corporation | Q2 2026 | +24.3 % | +22.1 % |
| Federal Home Loan Bank Of Topeka | Q2 2026 | -13.2 % | -18.7 % |
| PEERS TOTAL | +15.2 % | +16.5 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Federal Home Loan Bank Of San Francisco's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Federal Home Loan Bank Of San Francisco | Q2 2026 | +100.0 % | - |
| Federal National Mortgage Association Fannie Mae | Q3 2026 | - | - |
| Federal Home Loan Mortgage Corporation | Q3 2026 | - | - |
| Bank Bradesco | Q4 2025 | -9.8 % | +110.2 % |
| Federal Agricultural Mortgage Corporation | Q2 2026 | -9.0 % | - |
| Federal Home Loan Bank Of Topeka | Q2 2026 | +9.4 % | -77.6 % |
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Federal Home Loan Bank Of San Francisco's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Federal Home Loan Bank Of San Francisco | 0.52% | 0.52% | 5.11% |
| Federal National Mortgage Association Fannie Mae | 0.36% | 0.36% | 13.46% |
| Federal Home Loan Mortgage Corporation | 0.38% | 0.38% | 17.70% |
| Bank Bradesco | 1.01% | 0.97% | 13.12% |
| Federal Agricultural Mortgage Corporation | 0.63% | 0.63% | 13.13% |
| Federal Home Loan Bank Of Topeka | 0.45% | 0.45% | 8.37% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Federal Home Loan Bank Of San Francisco's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Federal Home Loan Bank Of San Francisco | - | - |
| Federal National Mortgage Association Fannie Mae | 170.02 | 0.84 |
| Federal Home Loan Mortgage Corporation | - | 0.58 |
| Bank Bradesco | 0.58 | 114.45 |
| Federal Agricultural Mortgage Corporation | 7.76 | 3.76 |
| Federal Home Loan Bank Of Topeka | - | - |
| PEERS AVERAGE | 1.49 | 0.88 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.