SFDLOTCState Commercial BanksFiscal year ends December 31
SECURITY FEDERAL CORP
Financials through Q4 FY2025, quarter ended Dec 31, 2025Last filing: 10-K on Mar 20, 2026
$46.85+0.00 (0.00%)
Close on Oct 19, 2026
- Market cap
- $146.13M
- P/E (TTM)
- 12.3
- Dividend yield
- 1.52%
Margins
Share of revenue, fiscal years 2010 to 2025
Net margin
23.3%+6.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +12.7% | +7.6% | +7.0% | +6.7% | |
| Net income | +39.4% | +10.2% | +14.2% | +8.4% | |
| Free cash flow | -65.7% | -20.0% | +1.6% | +4.1% | |
| Dividend per share | +26.8% | -2.2% | +12.2% | +8.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 7.3% | 6.9% | 7.1% | |
| Return on assets | 0.7% | 0.7% | 0.8% | |
| Capex to revenue | 7.9% | 3.0% | 9.5% | |
| Diluted shares | 3M | 3M | 3M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Security Federal generated $92.82M from operations and spent $31.54M on capital expenditure, dividends and share buybacks. 57% of that went back into the business.
Generated
$92.82M
Used
$31.54M
Capital expenditure$18.03M57%Dividends$9.60M30%Share buybacks$3.91M12%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin23.3%
×Asset turnover0.04×
×Equity multiplier8.44×
=Return on equity, FY20257.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 23.3% | 0.04× | 8.44× | 7.1% |
| FY2024 | 18.8% | 0.03× | 8.91× | 5.5% |
| FY2023 | 21.0% | 0.03× | 8.81× | 6.1% |
| FY2022 | 21.7% | 0.04× | 9.73× | 7.4% |
| FY2021 | 27.8% | 0.04× | 10.87× | 11.2% |
| FY2020 | 16.8% | 0.04× | 10.48× | 6.9% |
| FY2019 | 20.7% | 0.04× | 10.89× | 9.0% |
| FY2018 | 20.4% | 0.04× | 11.24× | 9.1% |
| FY2017 | 18.0% | 0.04× | 11.28× | 7.9% |
| FY2016 | 18.9% | 0.04× | 9.95× | 7.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$13.67M
- Cash generatingOperating cash flow above zero$14.38M
- Return on assets improvedROA up on the prior year0.6% → 0.8%
- Earnings backed by cashOperating cash flow above net income$14.38M vs $13.67M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise3M → 3M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.03 → 0.04