Capital One Financial CorporationCOF
NYSE•Financial Services•Credit Services
Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking. The company accepts checking accounts, money market deposits, negotiable order of withdrawals, savings deposits, time deposits, and sweep accounts. Its loan products include credit card and personal loans; auto and retail banking loans; and commercial and multifamily real estate, and commercial and industrial loans. The company offers credit and debit card products; bank lending; and provides advisory, capital markets, net interchange, treasury management, and depository services. It serves consumers, small businesses, and commercial clients through digital channels, branches, cafés, and other distribution channels located in New York, Louisiana, Texas, Maryland, Virginia, New Jersey, and the District of Columbia. Capital One Financial Corporation was founded in 1988 and is headquartered in McLean, Virginia.
Capital One Financial Corporati (COF) reported trailing twelve months revenue of $75.16B as of March 2026, a 38.5% increase year-over-year. Quarterly revenue reached $19.32B, reflecting continued top-line momentum.
Capital One Financial Corporati generated $3.22B in TTM net income, with quarterly EBITDA of $2.70B. The operating margin expanded from 12.9% to 14.0%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (14.0%) and net margin (11.3%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 10.5% a year ago, signaling stronger bottom-line efficiency.
COF trades at a P/E of 34.4x (a premium multiple) and a P/S of 1.5x. The price-to-book ratio of 1.0x suggests the stock trades below its book value.
The company generated $5.47B in free cash flow over the trailing twelve months, a 26.6% increase year-over-year, indicating strong cash generation ability. The balance sheet shows $682.90B in total assets with $50.26B in long-term debt against $112.26B in stockholders equity for a debt-to-equity ratio of 0.4, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging 6.9%. The business may lack pricing power or face rising costs.'
ROE is positive at ~5.2% on average, adequate but below the threshold typically associated with wide moats.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~43.8% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Operating margins dropped 76.4% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.
FCF covers net income by 3.2x on average — earnings are well-supported by cash generation.
D/E ratio is 0.4 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares outstanding increased 62.5% — significant dilution, likely from stock compensation or capital raises.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation