This is likely because the number of shares of Fannie and Freddie determine its value, and the number of shares of Freddie is not listed. The number of shares is important, you divide the market cap by the number of shares to determine price. Companies get to choose "how to chop up their company", that is, what price to IPO shares "per share". Pre conservatorship, Freddie mostly sold for a higher price than Fannie. Look it up. It's not about earnings, it's about EPS.