Stocks/CFFN

CFFN

Capitol Federal Financial, Inc.
Financial Services·Banks - Regional
$7.77
$985M market cap
Revenue
$329.9M
Free Cash Flow
$55.9M
Rev Growth
+0.0%
FCF Margin
16.9%
P/FCF
17.6x
EV/FCF
47.9x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--

Capitol Federal Financial, Inc. operates as the holding company for Capitol Federal Savings Bank that provides various retail banking products and services in the United States. The company accepts a range of deposit products, including savings accounts, money market deposit accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit. It also provides various loan products, such as one- to four-family residential real estate loans, commercial real estate, c

2-Year Price History

$7.75+69.2%
$5.0$5.5$6.0$6.5$7.0$7.5volJun 24Oct 24Jan 25May 25Sep 25Jan 26May 26

Quarterly Financials & Projections

Quarterly Waterfall ($ M)
PeriodRevEBITDAOpInNIOCFFCFCapExCashDebtSharesROICIntCovEV/EBITDA
Act2026-Q2110.023.325.120.221.520.1-1.316.31,707126.64.0%0.5x--
Act2026-Q1110.827.025.220.317.415.8-1.61,0621,830129.03.8%0.5x--
Act2025-Q4109.224.923.018.821.519.9-1.71,1201,951130.03.3%0.5x--

Valuation & Metrics

Market Stats

Price$7.77
Market Cap$985M
Enterprise Value$2.7B
P/S Ratio3.0x
P/FCF17.6x
EV/FCF47.9x
FCF Margin (TTM)16.9%
FCF Yield5.7%
Dividend Yield (TTM)6.0%
Annual Dilution0.0%
CurrencyUSD

TTM Financial Snapshot

Revenue$329.9M
Net Income$59.3M
Free Cash Flow$55.9M

Revenue Growth (YoY)+0.0%
EBITDA Margin22.8%
Net Margin18.0%
FCF Margin16.9%
CapEx % of Revenue1.4%
SBC % of Revenue0.1%
ROIC3.7%
WC Change % Rev0.0%
Interest Coverage0.5x

Forward Outlook & Risk

Short Interest

Short % of Float--
Short Shares5.9M
Days to Cover5.3
Change (vs Prior)+14.0%
Need at least 2 settlement dates for chart

Employees

Headcount583
Revenue / Employee$565,949
Gross Profit / Employee$280,830

Institutional Ownership

Headline & net flow

NEUTRAL
Net flow · still filing
No float data — flow unavailable.

Ownership composition

Active
38.4%(+8.2% YoY)
233 filers
hedge / family / endowment
Retail funds
Fidelity, Schwab, 401(k)
Passive
34.9%(+7.6% YoY)
12 filers
Vanguard, iShares, SPDR
Market makers
0.2%(-0.1% YoY)
6 filers
Citadel, Susquehanna
Insiders
Form 4 — latest per insider
0%25%50%75%100%2022-062023-032023-122024-092025-062026-03
ActiveRetail fundsPassiveMarket makersRetail direct

Top holders

Fund$ valueCost basisΔ QoQΔ YoYα lifeFund AUM
BlackRock, Inc.Passive$130M$5.32−$1.9M−$5.8M-0.2%$5.69T
DIMENSIONAL FUND ADVISORS LPPassive$48.4M$5.97+$1.9M+$5.6M-0.4%$480.92B
VANGUARD PORTFOLIO MANAGEMENT LLCPassive$47.7M$7.06+$47.2M+$47.7M$1.91T
HoldCo Asset Management, LP$46.1M$5.78+$0+$46.1M-1.0%$1.34B
STATE STREET CORPPassive$43.3M$5.83+$2.1M+$1.7M-0.2%$2.89T
VANGUARD CAPITAL MANAGEMENT LLCPassive$37.0M$7.06+$36.6M+$37.0M$4.04T
RENAISSANCE TECHNOLOGIES LLC$29.7M$5.69−$198K−$4.7M+1.2%$63.91B
AQR CAPITAL MANAGEMENT LLC$27.0M$5.74−$355K+$14.7M-0.2%$218.19B
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$23.3M$5.72+$2.2M+$8.0M+0.1%$184.72B
GEODE CAPITAL MANAGEMENT, LLCPassive$22.0M$5.94+$572K+$1.0M+2.3%$1.61T
Invesco Ltd.$14.2M$5.89+$4.1M+$1.0M-0.2%$652.04B
MORGAN STANLEY$13.4M$5.60−$961K−$3.6M-0.3%$1.65T
TWO SIGMA INVESTMENTS, LP$13.4M$6.16+$6.2M+$6.4M-0.9%$117.03B
GOLDMAN SACHS GROUP INC$13.2M$5.13+$671K−$4.2M-0.2%$760.93B
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC$13.0M$5.62−$1.4M−$1.8M-0.1%$31.89B
CHARLES SCHWAB INVESTMENT MANAGEMENT INC$12.5M$5.84−$293K+$3.2M+0.7%$645.81B
AMERICAN CENTURY COMPANIES INC$12.2M$6.84−$12.2M−$11.0M+0.7%$193.48B
CRAMER ROSENTHAL MCGLYNN LLC$10.2M$5.24−$292K−$1.4M+0.9%$1.36B
NORTHERN TRUST CORPPassive$9.3M$5.76+$249K−$488K-0.2%$755.34B
Bank of New York Mellon Corp$8.3M$6.68−$273K−$793K-0.2%$543.21B
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.

Trading behavior

Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
-0.06%
avg per quarter
Holders (ex-self)
-0.07%
excl. this stock
Buyers (this Q)
-0.18%
107 buyers · $0.15B in
Sellers (this Q)
+0.33%
87 sellers · $0.01B out
alpha coverage: 87% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+10.6%
how holders react when this stock falls
On quiet Qs
-0.4%
−10% to +10% baseline
On rallies (+10%+)
-0.4%
how they react when this stock rises
Holders' portfolio flow this Q
+3.8%
inflows — adds are organic
Sellers' portfolio flow this Q
-0.3%
Sellers' overall flow ~ flat.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-4.2%
Holder mid (any stock)
-5.6%
Holder rally (any stock)
-4.3%

Top Holders Over Time

5-year share-count history (top 10 holders by peak, incl. exited) + price

09.4M18.9M28.3M37.7M$4.06$4.83$5.59$6.36$7.132021-062022-062023-062024-062025-062026-03
hover the chart for per-quarter detailprice (right axis)
AMERICAN CENTURY COMPANIES INC1.7MPRICE T ROWE ASSOCIATES INC /MD/223KRENAISSANCE TECHNOLOGIES LLC4.2MT. Rowe Price Investment Management, Inc.Kingstone Capital Partners Texas, LLCHoldCo Asset Management, LP6.5MRobeco Institutional Asset Management B.V.AQR CAPITAL MANAGEMENT LLC3.8MARROWSTREET CAPITAL, LIMITED PARTNERSHIP3.3MDEPRINCE RACE & ZOLLO INC

Analyst Coverage

Analyst Coverage
Analyst Ratings
5
Hold: 5Consensus: Hold

Corporate

Insider Trading (last 12mo)

Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$60K
1 txn · 1 insider · 10,000 sh
Sells ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Recent transactions
DateSideInsiderTitleSharesPriceDollarsOwned $
2025-10-31BUYJackson Rick Cofficer: Executive Vice President10,000$6.05$60K$948K

Order Flow (FINRA, ~3w lag)

9.6%retail+0.1pp
16.3%dark+0.5pp
week of 2026-04-13
10%20%30%40%24-1125-0225-0525-0825-1126-0226-04retail (non-ATS)dark (ATS)
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.

Filing Risk Analysis

Filing Risk Scores

Capitol Federal Financial, Inc.: Kicking the CRE Can with Payment Holidays

Overall Risk
4/10
Fraud
2/10
Dilution
2/10
Insolvency
3/10
Earnings Overstated
5/10
Hidden Liabilities
3/10
Legal
2/10
Audit Warnings
3/10
Hidden Upside
2/10
Contextually Acceptable
6/10