NRUC · Financials · Bank · FY2026 filings ·
Scored by the financial-sector model
Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”
These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.
This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.
No reported Form 4 transactions were found in the complete checked issuer window for NRUC, –. The totals and cluster result below are arithmetic over that certified window.
Supporting event counts for the same certified window, Sep 18, 2025–Sep 18, 2026.
Retrieved .
Flagship explainer
Start with net interest income, then follow the filed path to net income.
| Filed line | Value | % of net interest income | Source |
|---|---|---|---|
| $302M | 100% |
| |
| Income before tax | $262M | 87% |
|
| Income tax | $334000 | 0% |
|
| $262M | 87% |
|
Flagship explainer
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION's filing tags don't support a full breakdown — here's what is filed:
| Filed line | Value | % of assets | Source |
|---|---|---|---|
| Total assets | $39.7B | 100% |
|
| Cash and equivalents | $249M | 1% |
|
| Property, plant and equipment | $75.6M | 0% |
|
| Total liabilities | $36.4B | 92% |
|
| $33.5B | 84% |
| |
| Stockholders’ equity | $3.3B | 8% |
|
Flagship explainer
One or more filed inputs needed for the five-factor decomposition are unavailable.
| Input | Value | Fiscal year | Source |
|---|---|---|---|
| Net income | $262M | FY2026 |
|
| Income before tax | $262M | FY2026 |
|
| Operating income | Unavailable | FY2026 |
|
| Revenue | Unavailable | FY2026 |
|
| Ending assets | $39.7B | FY2026 |
|
| Beginning assets | $38.3B | FY2025 |
|
| Ending equity | $3.3B | FY2026 |
|
| Beginning equity | $3.1B | FY2025 |
|
Flagship explainer
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:
| Filed line | Value | % of cash from operations | Source |
|---|---|---|---|
| Cash from operations | $311M | 100% |
|
| Depreciation and amortization | $14M | 4% |
|
| Cash from investing | −$1.3B | −411% |
|
| Cash from financing | $1.1B | 347% |
|
| Net change in cash | $114M | 37% |
|
Curated 19-manager tier
Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.
0 holding0 exited0 not holding0/19 resolved19 not retrieved
| Manager | Reported position | Quarter-over-quarter | Filing accession |
|---|---|---|---|
| Abrams Capital | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Akre Capital | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Baupost Group | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Berkshire Hathaway | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Brave Warrior Advisors | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Dodge & Cox | Not retrieved | Comparison not retrieved | Filing not retrieved |
| First Eagle | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Fundsmith | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Gardner Russo & Quinn | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Gates Foundation Trust | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Mairs & Power | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Markel / Markel-Gayner | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Oakmark / Harris Associates | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Pershing Square | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Polen Capital | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Sequoia / Ruane Cunniff | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Southeastern Asset Management | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Tweedy, Browne | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Yacktman Asset Management | Not retrieved | Comparison not retrieved | Filing not retrieved |
Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.
Flagship explainer
The complete Form 4 source snapshot retrieved on Sep 17, 2026 contains no transaction rows.
Verified empty: the retrieved source snapshot contains no transaction event.
Source snapshot retrieved 2026-09-17T07:00:12.249Z · SEC Form 4
Median ROE 19.9% on average equity, above the 10% hurdle in 56% of 9 years.
Q3 scored 2 evidenced ratios equally; reserve score is unadjusted for Q4 and capped at 70.
Profitable in 80% of 10 years, ROE volatile.
Net interest income is 1.10% of average assets, variable over 9 years through FY2026.
Not scored for this company
Scored 4 of 5 applicable components (bank model); weights renormalized over the scored set.
The 15-year revenue, margin, and ROIC series is built for the operating model’s lens and isn’t published for banks and insurers — a balance-sheet business is read through the components above, not through operating-company margins.
| Reading | ||
|---|---|---|
| Aug 3, 2026 | 51 | |
| Jul 26, 2026 | 51 | |
| Jul 26, 2026 | 51 | |
Append-only — readings are added, never rewritten. Only readings on the same methodology version (moat-index-financials@1.0.0) are comparable; a change across versions is a scoring change, not a company event.