Capital One Financial (COF)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $124.6B, Capital One Financial's free cash flow of $26.1B (fiscal 2025) would need to grow about -15% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Capital One Financial's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from COF's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Capital One Financial's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $4.8B | $5.4B | $5.6B | $5.9B | $8.1B |
| Net income | $12.4B | $7.4B | $4.9B | $4.8B | $2.5B |
| Free cash flow | $11.6B | $12.9B | $19.6B | $17.0B | $26.1B |
| EPS (diluted) | $26.94 | $17.91 | $11.95 | $11.59 | $4.03 |
| Operating margin | — | — | — | — | — |
Where the revenue comes from
Revenue by segments, fiscal 2025.
Superinvestors who own COF
From each investor's latest 13F filing (what a 13F shows). 23 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Bill Nygren Harris Associates LP |
Added | $2.3B | 3.1% | Q2 2026 |
| Dodge & Cox Dodge & Cox |
Added | $1.8B | 0.96% | Q2 2026 |
| Boykin Curry Eagle Capital Management |
Trimmed | $1.3B | 3.9% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $1.1B | 0.37% | Q2 2026 |
| Richard Pzena Pzena Investment Management |
Added | $922M | 2.7% | Q2 2026 |
| Warren Buffett Berkshire Hathaway |
Trimmed | $602M | 0.20% | Q2 2026 |
| Hersh Cohen ClearBridge Investments |
Added | $475M | 0.39% | Q2 2026 |
| Ruane, Cunniff & Goldfarb Ruane, Cunniff & Goldfarb |
Trimmed | $392M | 6.1% | Q2 2026 |
| Ric Dillon Diamond Hill Capital Management |
Trimmed | $291M | 2.3% | Q2 2026 |
| Lee Ainslie Maverick Capital |
Added | $278M | 2.5% | Q2 2026 |
| Glenn Greenberg Brave Warrior Advisors |
Trimmed | $198M | 4.3% | Q2 2026 |
| Dan Loeb Third Point LLC |
Added | $166M | 3.5% | Q2 2026 |
Insider buying
Open-market purchases by Capital One Financial's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Mar 30, 2026 | Ro Khanna |
0 | $178.09 | — |
| Mar 30, 2026 | Ro Khanna |
0 | $178.09 | — |
| Mar 23, 2026 | Ro Khanna |
0 | $183.93 | — |
| Mar 23, 2026 | Ro Khanna |
0 | $183.93 | — |
| Feb 2, 2026 | Ro Khanna |
0 | $223.87 | — |
| Feb 2, 2026 | Ro Khanna |
0 | $223.87 | — |
| Jan 29, 2026 | Ro Khanna |
0 | $219.32 | — |
| Jan 29, 2026 | Ro Khanna |
0 | $219.32 | — |
| Jan 23, 2026 | Ro Khanna |
0 | $217.48 | — |
| Jan 23, 2026 | Ro Khanna |
0 | $217.48 | — |
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In the full deep dive
Questions
What growth does Capital One Financial's stock price imply?
At a market value of $124.6B, Capital One Financial would need its free cash flow to grow about -15% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 10% a year.
Are Capital One Financial insiders buying the stock?
10 open-market insider purchases of COF in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Capital One Financial?
23 of the superinvestors Investingly tracks hold COF in their latest 13F, including Bill Nygren, Dodge & Cox, Boykin Curry.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.