Capitol Federal Financial
CFFN on Nasdaq. Capitol Federal Financial lends money to businesses in Kansas and Missouri for working capital and equipment. Market value $1.1bn.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to September 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
What to watch out for
See Financial services stocks that passed both tests
This is not advice. Check the numbers below.
Yearly profit per dollar of owners' money: 6 cents. Above 10 is good.
What you pay for each dollar of net assets: $1.05.
Profit per $100 you pay: $7.73.
Quality score: 40 of 100. Price score: 97 of 100. Our list needs 70 on quality and 60 on price.
$8.52 a share, 43% above its 1-year low
Over the past year the price has ranged from $5.97 to $9.26.
Dividend: 4.1% a year
Paid every year for at least 5 years
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $17m | $18m | $18m | $15m | $16m |
| Operating margin | |||||
| Operating margin | n/a | n/a | n/a | n/a | n/a |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.14bn | 0.14bn | 0.13bn | 0.13bn | 0.13bn |
Health checks
- Free cash flow positiveDoesn't apply to banks and insurers
- Accounting checksDoesn't apply to banks and insurers
- DebtDoesn't apply to banks and insurers
- Revenue growth, five yearsSlow, 1.9% a year
- Buying back its own sharesYes, 9% fewer since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Profit: $24 million, up 28% on a year ago.
- Spare cash over the past 12 months: $72 million, up from $25 million.
- 5% fewer shares than a year ago. Each share owns a bit more of the company.
| Quarter to | Amount |
|---|---|
| September 2024 | $12m |
| December 2024 | $15m |
| March 2025 | $15m |
| June 2025 | $18m |
| September 2025 | $19m |
| December 2025 | $20m |
| March 2026 | $20m |
| June 2026 | $24m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 26 November 2025
- Next quarterly (estimated, 10-Q)
- 6 November 2026
Who owns it
3 long-term investors we follow own it, unchanged from 3 last quarter. 246 funds in all.
- Hotchkis & WileyHotchkis & Wiley team
- Value
- $15m
- Share of fund
- <0.1%
- LSV Asset ManagementJosef Lakonishok
- Value
- $6m
- Share of fund
- <0.1%
- GAMCO InvestorsMario Gabelli
- Value
- $336,145
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Hotchkis & WileyHotchkis & Wiley team | $15m | <0.1% | |
| LSV Asset ManagementJosef Lakonishok | $6m | <0.1% | |
| GAMCO InvestorsMario Gabelli | $336,145 | <0.1% |
Largest holders overall
- BlackRock$153m
- Dimensional Fund Advisors LP$62mAdded
- Vanguard Portfolio Management$56m
- HoldCo Asset Management, LP$55m
- State Street$54mAdded
- Vanguard Capital Management$43mCut
- Renaissance Technologies$32mCut
- AQR Capital Management$31mCut
- Arrowstreet Capital, Limited Partnership$28m
- Geode Capital Management$27mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
6 investors own more than 5%.
- BlackRock, Inc.Passive investor13.2%Since 30 June 2025
- Vanguard Portfolio ManagementPassive investor5.2%Since 31 March 2026
- Dimensional Fund Advisors LPPassive investor5.2%+0.2 ptsSince 31 March 2026
- HoldCo Asset Management, LPPassive investorat least 5.1%(filed with 5 related holders)Since 28 April 2026
What they said
The Reporting Persons purchased the Shares based on the Reporting Persons' belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the…
Read the filing - STATE STREET CORPORATIONPassive investor5.0%Since 30 June 2026
- T. Rowe Price Investment Management, Inc.Passive investor5.0%0.0 ptsSince 31 March 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 13.2% | 30 June 2025 | |
Vanguard Portfolio Management Passive investor | 5.2% | 31 March 2026 | |
Dimensional Fund Advisors LP Passive investor | 5.2%+0.2 pts | 31 March 2026 | |
HoldCo Asset Management, LP Passive investor | at least 5.1% (filed with 5 related holders) | 28 April 2026 | What they saidThe Reporting Persons purchased the Shares based on the Reporting Persons' belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the… Read the filing |
STATE STREET CORPORATION Passive investor | 5.0% | 30 June 2026 | |
T. Rowe Price Investment Management, Inc. Passive investor | 5.0%0.0 pts | 31 March 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 1 insider bought $60,500 of shares on the open market.
- Jackson Rick CExecutive Vice PresidentBought
- Date
- 31 October 2025
- Shares
- 10,000
- Price
- $6.05
- Value
- $60,500
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 31 October 2025 | Jackson Rick C Executive Vice President | Bought | 10,000 | $6.05 | $60,500 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 26 Nov 2025, plus the 10-Q filed 7 Aug 2026 and 8 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- Sales have barely grown: 1.9% a year.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.