Annual Income Statements for AGNC Investment
This table shows AGNC Investment's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for AGNC Investment
This table shows AGNC Investment's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
-692 |
532 |
-181 |
255 |
-423 |
381 |
412 |
-80 |
313 |
86 |
15 |
Consolidated Net Income / (Loss) |
|
-666 |
561 |
-151 |
286 |
-392 |
412 |
443 |
-48 |
346 |
122 |
50 |
Net Income / (Loss) Continuing Operations |
|
-666 |
561 |
-151 |
286 |
-392 |
412 |
443 |
-48 |
346 |
122 |
50 |
Total Pre-Tax Income |
|
-666 |
561 |
-151 |
286 |
-392 |
412 |
443 |
-48 |
346 |
122 |
50 |
Total Revenue |
|
-383 |
311 |
-179 |
309 |
-587 |
708 |
-121 |
-24 |
376 |
742 |
78 |
Net Interest Income / (Expense) |
|
177 |
25 |
-98 |
-69 |
-53 |
-26 |
-30 |
-3.00 |
-64 |
115 |
159 |
Total Interest Income |
|
373 |
347 |
351 |
457 |
593 |
640 |
642 |
695 |
756 |
856 |
846 |
Investment Securities Interest Income |
|
373 |
347 |
351 |
457 |
593 |
640 |
642 |
695 |
756 |
856 |
846 |
Total Interest Expense |
|
196 |
322 |
449 |
526 |
646 |
666 |
672 |
698 |
820 |
741 |
687 |
Long-Term Debt Interest Expense |
|
196 |
322 |
449 |
526 |
646 |
666 |
672 |
698 |
820 |
741 |
687 |
Total Non-Interest Income |
|
-560 |
286 |
-81 |
378 |
-534 |
734 |
-91 |
-21 |
440 |
627 |
-81 |
Other Service Charges |
|
0.00 |
- |
0.00 |
0.00 |
- |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
Net Realized & Unrealized Capital Gains on Investments |
|
-560 |
286 |
-81 |
378 |
-534 |
734 |
-91 |
-21 |
440 |
627 |
-81 |
Total Non-Interest Expense |
|
19 |
14 |
22 |
23 |
23 |
28 |
24 |
24 |
30 |
32 |
28 |
Salaries and Employee Benefits |
|
11 |
5.00 |
14 |
14 |
14 |
20 |
16 |
15 |
21 |
22 |
19 |
Other Operating Expenses |
|
8.00 |
9.00 |
8.00 |
9.00 |
9.00 |
8.00 |
8.00 |
9.00 |
9.00 |
10 |
9.00 |
Preferred Stock Dividends Declared |
|
26 |
29 |
30 |
31 |
31 |
31 |
31 |
32 |
33 |
36 |
35 |
Basic Earnings per Share |
|
($1.31) |
$1.06 |
($0.31) |
$0.43 |
($0.68) |
$0.61 |
$0.59 |
($0.11) |
$0.39 |
$0.06 |
$0.02 |
Weighted Average Basic Shares Outstanding |
|
528.70M |
537M |
579.30M |
598.80M |
622M |
618.40M |
702.20M |
740M |
807.20M |
783.40M |
918.30M |
Diluted Earnings per Share |
|
($1.31) |
$1.06 |
($0.31) |
$0.43 |
($0.68) |
$0.61 |
$0.59 |
($0.11) |
$0.39 |
$0.06 |
$0.02 |
Weighted Average Diluted Shares Outstanding |
|
528.70M |
537M |
579.30M |
599.70M |
622M |
619.60M |
704.20M |
740M |
810.10M |
786M |
921.90M |
Weighted Average Basic & Diluted Shares Outstanding |
|
571.62M |
574.66M |
595.71M |
606.08M |
671.11M |
695.02M |
726.93M |
782.46M |
885.64M |
900.42M |
1.02B |
Cash Dividends to Common per Share |
|
$0.36 |
$0.36 |
$0.36 |
$0.36 |
$0.36 |
$0.36 |
$0.36 |
$0.36 |
$0.36 |
$0.36 |
$0.36 |
Annual Cash Flow Statements for AGNC Investment
This table details how cash moves in and out of AGNC Investment's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
-610 |
-1,109 |
81 |
157 |
-238 |
1,042 |
-799 |
809 |
-563 |
0.00 |
Net Cash From Operating Activities |
|
1,428 |
1,352 |
1,260 |
1,113 |
1,180 |
1,747 |
1,540 |
1,013 |
-118 |
86 |
Net Cash From Continuing Operating Activities |
|
1,428 |
1,352 |
1,260 |
1,113 |
1,180 |
1,747 |
1,540 |
1,013 |
-118 |
86 |
Net Income / (Loss) Continuing Operations |
|
215 |
623 |
771 |
129 |
688 |
-266 |
749 |
-1,190 |
155 |
863 |
Consolidated Net Income / (Loss) |
|
215 |
623 |
771 |
129 |
688 |
-266 |
749 |
-1,190 |
155 |
863 |
Amortization Expense |
|
408 |
402 |
381 |
356 |
601 |
1,082 |
369 |
13 |
201 |
123 |
Non-Cash Adjustments to Reconcile Net Income |
|
883 |
247 |
-55 |
607 |
-65 |
1,036 |
468 |
2,083 |
-486 |
-937 |
Changes in Operating Assets and Liabilities, net |
|
-78 |
80 |
163 |
21 |
-44 |
-105 |
-46 |
107 |
12 |
37 |
Net Cash From Investing Activities |
|
4,093 |
3,201 |
-11,061 |
-27,936 |
-14,218 |
36,525 |
3,836 |
11,188 |
-14,672 |
-11,169 |
Net Cash From Continuing Investing Activities |
|
4,093 |
3,201 |
-11,061 |
-27,936 |
-14,218 |
36,525 |
3,836 |
11,188 |
-14,672 |
-11,169 |
Purchase of Investment Securities |
|
-82,949 |
-33,398 |
-51,940 |
-65,558 |
-75,777 |
-85,147 |
-67,114 |
-52,602 |
-32,580 |
-64,834 |
Sale and/or Maturity of Investments |
|
87,610 |
36,599 |
40,626 |
37,622 |
61,559 |
121,672 |
70,950 |
63,790 |
17,908 |
53,665 |
Net Cash From Financing Activities |
|
-6,131 |
-5,662 |
9,882 |
26,980 |
12,800 |
-37,230 |
-6,175 |
-11,392 |
14,227 |
11,083 |
Net Cash From Continuing Financing Activities |
|
-6,131 |
-5,662 |
9,882 |
26,980 |
12,800 |
-37,230 |
-6,175 |
-11,392 |
14,227 |
11,083 |
Issuance of Debt |
|
393,537 |
219,636 |
483,516 |
2,031,463 |
4,234,972 |
3,133,008 |
2,189,555 |
2,360,328 |
3,282,218 |
5,600,336 |
Issuance of Preferred Equity |
|
0.00 |
0.00 |
315 |
0.00 |
617 |
557 |
0.00 |
145 |
0.00 |
0.00 |
Issuance of Common Equity |
|
0.00 |
0.00 |
1,238 |
2,611 |
190 |
439 |
0.00 |
526 |
1,085 |
1,967 |
Repayment of Debt |
|
-398,481 |
-224,383 |
-474,219 |
-2,006,120 |
-4,221,562 |
-3,169,886 |
-2,194,589 |
-2,371,471 |
-3,268,071 |
-5,589,979 |
Repurchase of Preferred Equity |
|
0.00 |
0.00 |
-173 |
0.00 |
-175 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Repurchase of Common Equity |
|
-285 |
-116 |
0.00 |
0.00 |
-103 |
-378 |
-281 |
-51 |
0.00 |
0.00 |
Payment of Dividends |
|
-902 |
-799 |
-795 |
-974 |
-1,139 |
-970 |
-860 |
-869 |
-1,005 |
-1,241 |
Cash Interest Paid |
|
215 |
332 |
474 |
1,090 |
2,097 |
866 |
89 |
557 |
2,246 |
2,899 |
Cash Income Taxes Paid |
|
1.00 |
- |
- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Quarterly Cash Flow Statements for AGNC Investment
This table details how cash moves in and out of AGNC Investment's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Change in Cash & Equivalents |
|
923 |
-828 |
505 |
-1,216 |
259 |
-111 |
102 |
33 |
-120 |
-15 |
-53 |
Net Cash From Operating Activities |
|
226 |
94 |
26 |
-61 |
-52 |
-31 |
20 |
-20 |
7.00 |
79 |
192 |
Net Cash From Continuing Operating Activities |
|
226 |
94 |
26 |
-61 |
-52 |
-31 |
20 |
-20 |
7.00 |
79 |
192 |
Net Income / (Loss) Continuing Operations |
|
-666 |
561 |
-151 |
286 |
-392 |
412 |
443 |
-48 |
346 |
122 |
50 |
Consolidated Net Income / (Loss) |
|
-666 |
561 |
-151 |
286 |
-392 |
412 |
443 |
-48 |
346 |
122 |
50 |
Amortization Expense |
|
36 |
55 |
120 |
45 |
20 |
16 |
37 |
28 |
69 |
-11 |
39 |
Non-Cash Adjustments to Reconcile Net Income |
|
828 |
-550 |
30 |
-374 |
319 |
-461 |
-498 |
27 |
-435 |
-31 |
77 |
Changes in Operating Assets and Liabilities, net |
|
28 |
28 |
27 |
-18 |
1.00 |
2.00 |
38 |
-27 |
27 |
-1.00 |
26 |
Net Cash From Investing Activities |
|
3,329 |
3,168 |
-11,571 |
5,342 |
-9,943 |
1,500 |
582 |
-7,061 |
-9,616 |
4,926 |
-5,727 |
Net Cash From Continuing Investing Activities |
|
3,329 |
3,168 |
-11,571 |
5,342 |
-9,943 |
1,500 |
582 |
-7,061 |
-9,616 |
4,926 |
-5,727 |
Purchase of Investment Securities |
|
-5,378 |
-19,397 |
-16,145 |
4,872 |
-41,411 |
20,104 |
-9,419 |
-12,907 |
-24,328 |
-18,180 |
-7,501 |
Sale and/or Maturity of Investments |
|
8,707 |
22,565 |
4,574 |
470 |
31,468 |
-18,604 |
10,001 |
5,846 |
14,712 |
23,106 |
1,774 |
Net Cash From Financing Activities |
|
-2,632 |
-4,090 |
12,050 |
-6,497 |
10,254 |
-1,580 |
-500 |
7,114 |
9,489 |
-5,020 |
5,482 |
Net Cash From Continuing Financing Activities |
|
-2,683 |
-4,090 |
12,050 |
-6,497 |
10,254 |
-1,580 |
-500 |
7,114 |
9,489 |
-5,020 |
5,482 |
Issuance of Debt |
|
620,103 |
611,093 |
705,124 |
894,010 |
991,590 |
691,494 |
1,140,681 |
1,310,144 |
1,529,278 |
1,620,233 |
1,523,750 |
Issuance of Preferred Equity |
|
145 |
- |
0.00 |
- |
- |
- |
0.00 |
- |
- |
- |
0.00 |
Issuance of Common Equity |
|
289 |
187 |
171 |
106 |
432 |
376 |
241 |
434 |
780 |
512 |
509 |
Repayment of Debt |
|
-622,955 |
-615,142 |
-693,007 |
-900,370 |
-981,516 |
-693,178 |
-1,141,140 |
-1,303,171 |
-1,520,251 |
-1,625,417 |
-1,518,414 |
Repurchase of Preferred Equity |
|
- |
- |
0.00 |
- |
- |
- |
0.00 |
- |
- |
- |
0.00 |
Repurchase of Common Equity |
|
-51 |
- |
0.00 |
- |
- |
- |
0.00 |
- |
- |
- |
0.00 |
Payment of Dividends |
|
-214 |
-228 |
-238 |
-243 |
-252 |
-272 |
-282 |
-293 |
-318 |
-348 |
-363 |
Cash Interest Paid |
|
- |
557 |
0.00 |
- |
- |
2,246 |
0.00 |
- |
- |
2,899 |
0.00 |
Cash Income Taxes Paid |
|
- |
- |
0.00 |
- |
- |
- |
0.00 |
- |
- |
- |
0.00 |
Annual Balance Sheets for AGNC Investment
This table presents AGNC Investment's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
57,021 |
56,880 |
70,376 |
109,241 |
113,082 |
81,817 |
68,149 |
51,748 |
71,596 |
88,015 |
Cash and Due from Banks |
|
1,110 |
1,208 |
1,046 |
921 |
831 |
1,017 |
998 |
1,018 |
518 |
505 |
Restricted Cash |
|
1,281 |
74 |
317 |
599 |
451 |
1,307 |
527 |
1,316 |
1,253 |
1,266 |
Trading Account Securities |
|
51,583 |
46,054 |
55,776 |
83,158 |
99,382 |
65,773 |
54,027 |
40,998 |
55,749 |
67,462 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Intangible Assets |
|
0.00 |
554 |
551 |
526 |
526 |
526 |
526 |
526 |
526 |
526 |
Other Assets |
|
3,047 |
8,990 |
12,686 |
24,037 |
11,521 |
13,194 |
12,071 |
7,890 |
13,550 |
18,256 |
Total Liabilities & Shareholders' Equity |
|
57,021 |
56,880 |
70,376 |
109,241 |
113,082 |
81,817 |
68,149 |
51,748 |
71,596 |
88,015 |
Total Liabilities |
|
49,050 |
49,524 |
61,622 |
99,335 |
102,041 |
70,738 |
57,858 |
43,878 |
63,339 |
78,253 |
Short-Term Debt |
|
42,871 |
38,114 |
50,419 |
77,005 |
91,742 |
58,525 |
47,547 |
36,663 |
50,998 |
60,966 |
Other Short-Term Payables |
|
135 |
277 |
379 |
624 |
528 |
90 |
88 |
100 |
115 |
143 |
Long-Term Debt |
|
6,044 |
11,133 |
10,824 |
21,706 |
9,771 |
11,904 |
9,823 |
6,629 |
10,974 |
16,740 |
Other Long-Term Liabilities |
|
- |
- |
- |
- |
- |
219 |
400 |
486 |
1,252 |
404 |
Total Equity & Noncontrolling Interests |
|
7,971 |
7,356 |
8,754 |
9,906 |
11,041 |
11,079 |
10,291 |
7,870 |
8,257 |
9,762 |
Total Preferred & Common Equity |
|
7,971 |
7,356 |
8,754 |
9,906 |
11,041 |
11,079 |
10,291 |
7,870 |
8,257 |
9,762 |
Preferred Stock |
|
336 |
336 |
484 |
484 |
932 |
1,489 |
1,489 |
1,634 |
1,634 |
1,634 |
Total Common Equity |
|
7,635 |
7,020 |
8,270 |
9,422 |
10,109 |
9,590 |
8,802 |
6,236 |
6,623 |
8,128 |
Common Stock |
|
10,051 |
9,935 |
11,177 |
13,798 |
13,898 |
13,977 |
13,715 |
14,192 |
15,288 |
17,273 |
Retained Earnings |
|
-2,350 |
-2,518 |
-2,562 |
-3,433 |
-3,886 |
-5,106 |
-5,214 |
-7,284 |
-8,148 |
-8,554 |
Accumulated Other Comprehensive Income / (Loss) |
|
-66 |
-397 |
-345 |
-943 |
97 |
719 |
301 |
-672 |
-517 |
-591 |
Quarterly Balance Sheets for AGNC Investment
This table presents AGNC Investment's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Total Assets |
|
58,524 |
66,111 |
60,518 |
69,991 |
71,876 |
79,685 |
89,590 |
95,889 |
Cash and Due from Banks |
|
976 |
975 |
716 |
493 |
505 |
530 |
507 |
455 |
Restricted Cash |
|
2,186 |
1,864 |
907 |
1,389 |
1,368 |
1,376 |
1,279 |
1,263 |
Trading Account Securities |
|
44,673 |
52,326 |
48,682 |
56,770 |
55,888 |
62,475 |
70,999 |
74,031 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Intangible Assets |
|
526 |
526 |
526 |
526 |
526 |
526 |
526 |
526 |
Other Assets |
|
10,163 |
10,420 |
9,687 |
10,813 |
13,589 |
14,778 |
16,279 |
19,614 |
Total Liabilities & Shareholders' Equity |
|
58,524 |
66,111 |
60,518 |
69,991 |
71,876 |
79,685 |
89,590 |
95,889 |
Total Liabilities |
|
51,302 |
58,319 |
52,640 |
62,541 |
63,298 |
71,033 |
79,934 |
85,847 |
Short-Term Debt |
|
42,806 |
48,710 |
44,047 |
52,888 |
50,672 |
57,219 |
66,356 |
68,051 |
Other Short-Term Payables |
|
92 |
101 |
103 |
109 |
118 |
125 |
134 |
148 |
Long-Term Debt |
|
7,567 |
8,961 |
8,057 |
9,102 |
12,191 |
13,319 |
13,078 |
17,242 |
Other Long-Term Liabilities |
|
837 |
547 |
433 |
442 |
317 |
370 |
366 |
406 |
Total Equity & Noncontrolling Interests |
|
7,222 |
7,792 |
7,878 |
7,450 |
8,578 |
8,652 |
9,656 |
10,042 |
Total Preferred & Common Equity |
|
7,222 |
7,792 |
7,878 |
7,450 |
8,578 |
8,652 |
9,656 |
10,042 |
Preferred Stock |
|
1,634 |
1,634 |
1,634 |
1,634 |
1,634 |
1,634 |
1,634 |
1,634 |
Total Common Equity |
|
5,588 |
6,158 |
6,244 |
5,816 |
6,944 |
7,018 |
8,022 |
8,408 |
Common Stock |
|
14,005 |
14,362 |
14,472 |
14,907 |
15,528 |
15,968 |
16,754 |
17,778 |
Retained Earnings |
|
-7,610 |
-7,674 |
-7,633 |
-8,283 |
-7,990 |
-8,338 |
-8,320 |
-8,872 |
Accumulated Other Comprehensive Income / (Loss) |
|
-807 |
-530 |
-595 |
-808 |
-594 |
-612 |
-412 |
-498 |
Annual Metrics And Ratios for AGNC Investment
This table displays calculated financial ratios and metrics derived from AGNC Investment's official financial filings.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
484.78% |
105.65% |
15.93% |
-72.87% |
236.68% |
-122.44% |
810.40% |
-190.81% |
122.49% |
287.65% |
EBITDA Growth |
|
160.67% |
64.53% |
12.39% |
-57.90% |
165.77% |
-36.70% |
85.05% |
-177.95% |
130.25% |
176.97% |
EBIT Growth |
|
192.27% |
189.77% |
23.76% |
-83.27% |
433.33% |
-138.66% |
528.95% |
-204.29% |
113.03% |
456.77% |
NOPAT Growth |
|
231.82% |
189.77% |
23.76% |
-83.27% |
433.33% |
-127.06% |
712.78% |
-173.01% |
118.61% |
456.77% |
Net Income Growth |
|
192.27% |
189.77% |
23.76% |
-83.27% |
433.33% |
-138.66% |
381.58% |
-258.88% |
113.03% |
456.77% |
EPS Growth |
|
175.00% |
231.48% |
13.97% |
-89.71% |
452.38% |
-156.90% |
284.85% |
-297.54% |
102.07% |
1,760.00% |
Operating Cash Flow Growth |
|
-11.96% |
-5.32% |
-6.80% |
-11.67% |
6.02% |
48.05% |
-11.85% |
-34.22% |
-111.65% |
172.88% |
Free Cash Flow Firm Growth |
|
40.16% |
-91.70% |
-1,493.27% |
-204.93% |
91.56% |
1,049.82% |
-51.43% |
4.52% |
-220.72% |
13.41% |
Invested Capital Growth |
|
-15.83% |
-0.50% |
23.66% |
55.17% |
3.62% |
-27.58% |
-16.99% |
-24.38% |
37.27% |
24.55% |
Revenue Q/Q Growth |
|
164.01% |
132.59% |
-42.74% |
-83.87% |
184.73% |
-124.68% |
-25.24% |
-7.10% |
125.59% |
186.49% |
EBITDA Q/Q Growth |
|
356.38% |
54.14% |
-32.12% |
-70.84% |
455.10% |
11.78% |
-26.27% |
-14.72% |
143.26% |
191.21% |
EBIT Q/Q Growth |
|
130.98% |
224.48% |
-45.12% |
-90.21% |
169.71% |
-56.47% |
-26.43% |
-6.06% |
114.58% |
170.11% |
NOPAT Q/Q Growth |
|
144.26% |
224.48% |
-45.12% |
-90.21% |
199.58% |
-56.47% |
-26.43% |
33.07% |
-49.01% |
-25.15% |
Net Income Q/Q Growth |
|
130.98% |
224.48% |
-45.12% |
-90.21% |
169.71% |
-56.47% |
-51.71% |
33.07% |
-49.01% |
-25.15% |
EPS Q/Q Growth |
|
126.09% |
306.82% |
-49.38% |
-93.54% |
148.13% |
-32.00% |
-54.81% |
31.92% |
-90.00% |
-37.16% |
Operating Cash Flow Q/Q Growth |
|
2.15% |
-2.52% |
0.16% |
-4.46% |
9.26% |
2.16% |
-2.16% |
-21.78% |
-1,785.71% |
458.33% |
Free Cash Flow Firm Q/Q Growth |
|
1,092.09% |
-81.59% |
-56.36% |
-55.59% |
82.62% |
-18.35% |
207.95% |
69.87% |
-63.87% |
11.47% |
Invested Capital Q/Q Growth |
|
-5.94% |
1.53% |
7.31% |
18.99% |
2.98% |
14.19% |
-0.59% |
-11.17% |
1.14% |
-1.82% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
175.99% |
140.80% |
136.49% |
211.79% |
167.19% |
0.00% |
122.86% |
0.00% |
141.83% |
101.34% |
EBIT Margin |
|
60.73% |
85.58% |
91.35% |
56.33% |
89.23% |
0.00% |
92.84% |
0.00% |
61.75% |
88.69% |
Profit (Net Income) Margin |
|
60.73% |
85.58% |
91.35% |
56.33% |
89.23% |
0.00% |
60.94% |
0.00% |
61.75% |
88.69% |
Tax Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
65.64% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Return on Invested Capital (ROIC) |
|
0.35% |
1.10% |
1.22% |
0.14% |
0.62% |
0.00% |
1.53% |
0.00% |
0.26% |
1.09% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.35% |
1.10% |
1.22% |
0.14% |
0.62% |
0.00% |
0.92% |
0.00% |
0.26% |
1.09% |
Return on Net Nonoperating Assets (RNNOA) |
|
2.13% |
7.03% |
8.35% |
1.24% |
5.95% |
0.00% |
5.48% |
0.00% |
1.67% |
8.48% |
Return on Equity (ROE) |
|
2.47% |
8.13% |
9.57% |
1.38% |
6.57% |
-2.41% |
7.01% |
-13.11% |
1.92% |
9.58% |
Cash Return on Invested Capital (CROIC) |
|
17.53% |
1.60% |
-19.94% |
-43.10% |
-2.94% |
31.80% |
20.10% |
26.37% |
-31.16% |
-20.77% |
Operating Return on Assets (OROA) |
|
0.34% |
1.09% |
1.21% |
0.14% |
0.62% |
0.00% |
1.52% |
0.00% |
0.25% |
1.08% |
Return on Assets (ROA) |
|
0.34% |
1.09% |
1.21% |
0.14% |
0.62% |
0.00% |
1.00% |
0.00% |
0.25% |
1.08% |
Return on Common Equity (ROCE) |
|
2.38% |
7.77% |
9.08% |
1.31% |
6.12% |
-2.14% |
6.03% |
-10.85% |
1.53% |
7.84% |
Return on Equity Simple (ROE_SIMPLE) |
|
2.70% |
8.47% |
8.81% |
1.30% |
6.23% |
-2.40% |
7.28% |
-15.12% |
1.88% |
8.84% |
Net Operating Profit after Tax (NOPAT) |
|
215 |
623 |
771 |
129 |
688 |
-186 |
1,141 |
-833 |
155 |
863 |
NOPAT Margin |
|
60.73% |
85.58% |
91.35% |
56.33% |
89.23% |
0.00% |
92.84% |
0.00% |
61.75% |
88.69% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.09% |
0.61% |
0.71% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
0.00% |
2.61% |
4.98% |
19.65% |
6.10% |
0.00% |
4.39% |
0.00% |
24.70% |
7.61% |
Operating Expenses to Revenue |
|
39.27% |
14.42% |
8.65% |
43.67% |
10.77% |
0.00% |
7.16% |
0.00% |
38.25% |
11.31% |
Earnings before Interest and Taxes (EBIT) |
|
215 |
623 |
771 |
129 |
688 |
-266 |
1,141 |
-1,190 |
155 |
863 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
623 |
1,025 |
1,152 |
485 |
1,289 |
816 |
1,510 |
-1,177 |
356 |
986 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.28 |
0.35 |
0.43 |
0.45 |
0.54 |
0.56 |
0.62 |
0.70 |
0.85 |
0.99 |
Price to Tangible Book Value (P/TBV) |
|
0.28 |
0.38 |
0.46 |
0.48 |
0.57 |
0.60 |
0.66 |
0.76 |
0.92 |
1.06 |
Price to Revenue (P/Rev) |
|
6.11 |
3.35 |
4.23 |
18.57 |
7.08 |
0.00 |
4.45 |
0.00 |
22.34 |
8.28 |
Price to Earnings (P/E) |
|
11.56 |
4.10 |
4.87 |
45.73 |
8.69 |
0.00 |
8.43 |
0.00 |
175.26 |
11.03 |
Dividend Yield |
|
39.75% |
31.18% |
23.67% |
24.27% |
19.83% |
15.75% |
13.82% |
18.98% |
17.23% |
15.82% |
Earnings Yield |
|
8.65% |
24.37% |
20.53% |
2.19% |
11.51% |
0.00% |
11.87% |
0.00% |
0.57% |
9.07% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.86 |
0.90 |
0.91 |
0.94 |
0.95 |
0.92 |
0.93 |
0.92 |
0.96 |
0.98 |
Enterprise Value to Revenue (EV/Rev) |
|
138.48 |
69.70 |
75.75 |
445.10 |
138.29 |
0.00 |
51.10 |
0.00 |
268.70 |
88.00 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
78.69 |
49.51 |
55.50 |
210.16 |
82.71 |
91.90 |
41.59 |
0.00 |
189.45 |
86.84 |
Enterprise Value to EBIT (EV/EBIT) |
|
228.01 |
81.45 |
82.92 |
790.14 |
154.97 |
0.00 |
55.04 |
0.00 |
435.12 |
99.22 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
228.01 |
81.45 |
82.92 |
790.14 |
154.97 |
0.00 |
55.04 |
0.00 |
435.12 |
99.22 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
34.33 |
37.53 |
50.74 |
91.58 |
90.35 |
42.93 |
40.78 |
46.33 |
0.00 |
995.68 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
4.49 |
56.01 |
0.00 |
0.00 |
0.00 |
2.43 |
4.19 |
3.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
6.14 |
6.69 |
7.00 |
9.96 |
9.19 |
6.36 |
5.57 |
5.50 |
7.51 |
7.96 |
Long-Term Debt to Equity |
|
0.76 |
1.51 |
1.24 |
2.19 |
0.89 |
1.07 |
0.95 |
0.84 |
1.33 |
1.71 |
Financial Leverage |
|
6.15 |
6.40 |
6.86 |
8.57 |
9.56 |
7.77 |
5.98 |
5.54 |
6.53 |
7.75 |
Leverage Ratio |
|
7.17 |
7.43 |
7.90 |
9.63 |
10.61 |
8.81 |
7.02 |
6.60 |
7.65 |
8.86 |
Compound Leverage Factor |
|
7.17 |
7.43 |
7.90 |
9.63 |
10.61 |
8.81 |
4.61 |
6.60 |
7.65 |
8.86 |
Debt to Total Capital |
|
85.99% |
87.00% |
87.49% |
90.88% |
90.19% |
86.41% |
84.79% |
84.62% |
88.24% |
88.84% |
Short-Term Debt to Total Capital |
|
75.36% |
67.34% |
72.03% |
70.90% |
81.51% |
71.80% |
70.27% |
71.66% |
72.62% |
69.70% |
Long-Term Debt to Total Capital |
|
10.62% |
19.67% |
15.46% |
19.98% |
8.68% |
14.60% |
14.52% |
12.96% |
15.63% |
19.14% |
Preferred Equity to Total Capital |
|
0.59% |
0.59% |
0.69% |
0.45% |
0.83% |
1.83% |
2.20% |
3.19% |
2.33% |
1.87% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
13.42% |
12.40% |
11.81% |
8.67% |
8.98% |
11.77% |
13.01% |
12.19% |
9.43% |
9.29% |
Debt to EBITDA |
|
78.52 |
48.05 |
53.16 |
203.53 |
78.75 |
86.31 |
37.99 |
-36.78 |
174.08 |
78.81 |
Net Debt to EBITDA |
|
74.68 |
46.80 |
51.98 |
200.39 |
77.76 |
83.46 |
36.98 |
-34.80 |
169.10 |
77.01 |
Long-Term Debt to EBITDA |
|
9.70 |
10.86 |
9.40 |
44.75 |
7.58 |
14.59 |
6.51 |
-5.63 |
30.83 |
16.98 |
Debt to NOPAT |
|
227.51 |
79.05 |
79.43 |
765.20 |
147.55 |
-378.24 |
50.28 |
-51.97 |
399.82 |
90.04 |
Net Debt to NOPAT |
|
216.39 |
76.99 |
77.67 |
753.42 |
145.68 |
-365.76 |
48.94 |
-49.17 |
388.39 |
87.99 |
Long-Term Debt to NOPAT |
|
28.11 |
17.87 |
14.04 |
168.26 |
14.20 |
-63.93 |
8.61 |
-7.96 |
70.80 |
19.40 |
Noncontrolling Interest Sharing Ratio |
|
3.86% |
4.38% |
5.09% |
5.19% |
6.76% |
10.94% |
13.94% |
17.20% |
20.26% |
18.14% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
10,910 |
906 |
-12,623 |
-38,491 |
-3,249 |
30,860 |
14,988 |
15,666 |
-18,912 |
-16,376 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
33.06 |
2.30 |
-24.09 |
-32.81 |
-1.51 |
45.79 |
199.84 |
25.07 |
-8.27 |
-5.59 |
Operating Cash Flow to Interest Expense |
|
4.33 |
3.43 |
2.40 |
0.95 |
0.55 |
2.59 |
20.53 |
1.62 |
-0.05 |
0.03 |
Operating Cash Flow Less CapEx to Interest Expense |
|
4.33 |
3.43 |
2.40 |
0.95 |
0.55 |
2.59 |
20.53 |
1.62 |
-0.05 |
0.03 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.01 |
0.01 |
0.01 |
0.00 |
0.01 |
0.00 |
0.02 |
0.00 |
0.00 |
0.01 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
56,886 |
56,603 |
69,997 |
108,617 |
112,554 |
81,508 |
67,661 |
51,162 |
70,229 |
87,468 |
Invested Capital Turnover |
|
0.01 |
0.01 |
0.01 |
0.00 |
0.01 |
0.00 |
0.02 |
0.00 |
0.00 |
0.01 |
Increase / (Decrease) in Invested Capital |
|
-10,695 |
-283 |
13,394 |
38,620 |
3,937 |
-31,046 |
-13,847 |
-16,499 |
19,067 |
17,239 |
Enterprise Value (EV) |
|
49,021 |
50,743 |
63,935 |
101,928 |
106,618 |
74,994 |
62,804 |
46,929 |
67,443 |
85,629 |
Market Capitalization |
|
2,161 |
2,442 |
3,571 |
4,253 |
5,455 |
5,400 |
5,470 |
4,337 |
5,608 |
8,060 |
Book Value per Share |
|
$22.04 |
$21.21 |
$21.13 |
$19.72 |
$18.69 |
$17.59 |
$16.77 |
$10.91 |
$9.87 |
$9.18 |
Tangible Book Value per Share |
|
$22.04 |
$19.53 |
$19.73 |
$18.62 |
$17.72 |
$16.62 |
$15.77 |
$9.99 |
$9.09 |
$8.58 |
Total Capital |
|
56,886 |
56,603 |
69,997 |
108,617 |
112,554 |
81,508 |
67,661 |
51,162 |
70,229 |
87,468 |
Total Debt |
|
48,915 |
49,247 |
61,243 |
98,711 |
101,513 |
70,429 |
57,370 |
43,292 |
61,972 |
77,706 |
Total Long-Term Debt |
|
6,044 |
11,133 |
10,824 |
21,706 |
9,771 |
11,904 |
9,823 |
6,629 |
10,974 |
16,740 |
Net Debt |
|
46,524 |
47,965 |
59,880 |
97,191 |
100,231 |
68,105 |
55,845 |
40,958 |
60,201 |
75,935 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
80 |
392 |
357 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
48,915 |
49,247 |
61,243 |
98,711 |
101,513 |
70,429 |
57,370 |
43,292 |
61,972 |
77,706 |
Total Depreciation and Amortization (D&A) |
|
408 |
402 |
381 |
356 |
601 |
1,082 |
369 |
13 |
201 |
123 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.54 |
$1.79 |
$2.04 |
$0.21 |
$1.16 |
($0.66) |
$1.23 |
($2.41) |
$0.05 |
$0.93 |
Adjusted Weighted Average Basic Shares Outstanding |
|
346.45M |
331.05M |
358.60M |
441.10M |
540.60M |
551.60M |
528.10M |
537M |
618.40M |
783.40M |
Adjusted Diluted Earnings per Share |
|
$0.54 |
$1.79 |
$2.04 |
$0.21 |
$1.16 |
($0.66) |
$1.22 |
($2.41) |
$0.05 |
$0.93 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
346.45M |
331.05M |
358.70M |
441.40M |
541.40M |
551.60M |
530M |
537M |
619.60M |
786M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.54 |
$1.79 |
$2.04 |
$0.00 |
$1.16 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
348.60M |
331.90M |
391.32M |
536.34M |
540.94M |
537.90M |
522.22M |
574.66M |
695.02M |
900.42M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
151 |
436 |
540 |
90 |
482 |
-186 |
799 |
-833 |
109 |
604 |
Normalized NOPAT Margin |
|
42.51% |
59.90% |
63.95% |
39.43% |
62.46% |
0.00% |
64.99% |
0.00% |
43.23% |
62.09% |
Pre Tax Income Margin |
|
60.73% |
85.58% |
91.35% |
56.33% |
89.23% |
0.00% |
60.94% |
0.00% |
61.75% |
88.69% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.65 |
1.58 |
1.47 |
0.11 |
0.32 |
-0.39 |
15.21 |
-1.90 |
0.07 |
0.29 |
NOPAT to Interest Expense |
|
0.65 |
1.58 |
1.47 |
0.11 |
0.32 |
-0.28 |
15.21 |
-1.33 |
0.07 |
0.29 |
EBIT Less CapEx to Interest Expense |
|
0.65 |
1.58 |
1.47 |
0.11 |
0.32 |
-0.39 |
15.21 |
-1.90 |
0.07 |
0.29 |
NOPAT Less CapEx to Interest Expense |
|
0.65 |
1.58 |
1.47 |
0.11 |
0.32 |
-0.28 |
15.21 |
-1.33 |
0.07 |
0.29 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
419.53% |
128.25% |
103.11% |
755.04% |
165.55% |
-364.66% |
114.82% |
-73.03% |
648.39% |
143.80% |
Augmented Payout Ratio |
|
552.09% |
146.87% |
103.11% |
755.04% |
180.52% |
-506.77% |
152.34% |
-77.31% |
648.39% |
143.80% |
Quarterly Metrics And Ratios for AGNC Investment
This table displays calculated financial ratios and metrics derived from AGNC Investment's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-263.68% |
-19.22% |
71.59% |
174.64% |
-53.26% |
127.65% |
32.40% |
-107.77% |
164.05% |
4.80% |
-83.30% |
EBITDA Growth |
|
-216.19% |
-30.02% |
88.89% |
176.27% |
-61.20% |
97.73% |
-33.33% |
-106.04% |
170.34% |
0.43% |
-81.46% |
EBIT Growth |
|
-289.62% |
-18.63% |
69.12% |
165.90% |
-51.74% |
128.96% |
27.86% |
-116.78% |
156.72% |
4.41% |
-88.71% |
NOPAT Growth |
|
-232.74% |
3,068.25% |
69.12% |
194.14% |
-51.74% |
-26.56% |
-3.06% |
-111.75% |
181.03% |
-70.39% |
-88.71% |
Net Income Growth |
|
-414.15% |
2,177.78% |
76.80% |
165.90% |
41.14% |
-26.56% |
393.38% |
-116.78% |
188.27% |
-70.39% |
-88.71% |
EPS Growth |
|
-474.29% |
1,614.29% |
75.97% |
149.43% |
48.09% |
-42.45% |
290.32% |
-125.58% |
157.35% |
-90.16% |
-96.61% |
Operating Cash Flow Growth |
|
-42.49% |
-75.00% |
-92.99% |
-118.94% |
-123.01% |
-132.98% |
-23.08% |
67.21% |
113.46% |
354.84% |
860.00% |
Free Cash Flow Firm Growth |
|
188.71% |
23.37% |
-100.22% |
-95.17% |
-220.48% |
-209.35% |
-14,944.23% |
-3,046.65% |
-57.30% |
8.24% |
-330.79% |
Invested Capital Growth |
|
-15.38% |
-24.38% |
-0.15% |
-0.61% |
20.57% |
37.27% |
9.13% |
32.02% |
28.30% |
24.55% |
33.45% |
Revenue Q/Q Growth |
|
7.49% |
181.20% |
65.84% |
272.63% |
-289.97% |
220.61% |
91.08% |
80.17% |
1,666.67% |
97.34% |
-89.49% |
EBITDA Q/Q Growth |
|
15.67% |
196.17% |
83.23% |
508.64% |
-278.25% |
217.97% |
92.11% |
81.48% |
2,175.00% |
68.43% |
-87.27% |
EBIT Q/Q Growth |
|
7.37% |
173.88% |
62.64% |
242.29% |
-313.29% |
211.48% |
89.52% |
66.90% |
820.83% |
105.20% |
-92.96% |
NOPAT Q/Q Growth |
|
7.37% |
299.36% |
-125.08% |
303.27% |
-249.30% |
196.49% |
-135.19% |
76.83% |
1,129.76% |
-64.74% |
-59.02% |
Net Income Q/Q Growth |
|
-53.46% |
184.23% |
-126.92% |
289.40% |
-237.06% |
205.10% |
7.52% |
-110.84% |
820.83% |
-64.74% |
-59.02% |
EPS Q/Q Growth |
|
-50.57% |
180.92% |
-129.25% |
238.71% |
-258.14% |
189.71% |
-3.28% |
-118.64% |
454.55% |
-84.62% |
-66.67% |
Operating Cash Flow Q/Q Growth |
|
-29.81% |
-58.41% |
-72.34% |
-334.62% |
14.75% |
40.38% |
164.52% |
-200.00% |
135.00% |
1,028.57% |
143.04% |
Free Cash Flow Firm Q/Q Growth |
|
-24.65% |
67.49% |
-100.24% |
1,704.42% |
-1,979.33% |
-52.01% |
67.18% |
-214.25% |
-0.32% |
11.33% |
-39.30% |
Invested Capital Q/Q Growth |
|
-4.56% |
-11.17% |
27.95% |
-8.37% |
15.77% |
1.14% |
1.73% |
10.85% |
12.50% |
-1.82% |
8.99% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
0.00% |
113.18% |
0.00% |
107.12% |
0.00% |
98.31% |
0.00% |
0.00% |
110.37% |
94.20% |
114.10% |
EBIT Margin |
|
0.00% |
95.50% |
0.00% |
92.56% |
0.00% |
96.05% |
0.00% |
0.00% |
92.02% |
95.69% |
64.10% |
Profit (Net Income) Margin |
|
0.00% |
180.39% |
0.00% |
92.56% |
0.00% |
58.19% |
0.00% |
0.00% |
92.02% |
16.44% |
64.10% |
Tax Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Interest Burden Percent |
|
165.67% |
188.89% |
75.12% |
100.00% |
64.26% |
60.59% |
-305.52% |
100.00% |
100.00% |
17.18% |
100.00% |
Effective Tax Rate |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Return on Invested Capital (ROIC) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.24% |
0.00% |
0.00% |
0.00% |
0.20% |
0.45% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.24% |
0.00% |
0.00% |
0.00% |
0.20% |
0.45% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
1.57% |
0.00% |
0.00% |
0.00% |
1.57% |
3.57% |
Return on Equity (ROE) |
|
-19.86% |
-13.11% |
-8.25% |
0.38% |
4.14% |
1.81% |
9.15% |
5.02% |
13.48% |
1.78% |
4.02% |
Cash Return on Invested Capital (CROIC) |
|
14.68% |
26.37% |
-0.58% |
0.66% |
-18.17% |
-31.16% |
-11.44% |
-27.01% |
-23.34% |
-20.77% |
-28.09% |
Operating Return on Assets (OROA) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.39% |
0.00% |
0.00% |
0.00% |
1.17% |
0.45% |
Return on Assets (ROA) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.24% |
0.00% |
0.00% |
0.00% |
0.20% |
0.45% |
Return on Common Equity (ROCE) |
|
-16.40% |
-10.85% |
-6.71% |
0.30% |
3.22% |
1.44% |
7.32% |
4.03% |
10.91% |
1.45% |
3.32% |
Return on Equity Simple (ROE_SIMPLE) |
|
-24.62% |
0.00% |
-8.86% |
0.38% |
4.08% |
0.00% |
8.73% |
4.80% |
11.94% |
0.00% |
4.68% |
Net Operating Profit after Tax (NOPAT) |
|
-281 |
561 |
-141 |
286 |
-427 |
412 |
-145 |
-34 |
346 |
122 |
50 |
NOPAT Margin |
|
0.00% |
180.39% |
0.00% |
92.56% |
0.00% |
58.19% |
0.00% |
0.00% |
92.02% |
16.44% |
64.10% |
Net Nonoperating Expense Percent (NNEP) |
|
0.71% |
0.00% |
0.02% |
0.00% |
-0.06% |
0.00% |
-0.98% |
0.02% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
0.00% |
1.61% |
0.00% |
4.53% |
0.00% |
2.82% |
0.00% |
0.00% |
5.59% |
2.97% |
24.36% |
Operating Expenses to Revenue |
|
0.00% |
4.50% |
0.00% |
7.44% |
0.00% |
3.95% |
0.00% |
0.00% |
7.98% |
4.31% |
35.90% |
Earnings before Interest and Taxes (EBIT) |
|
-402 |
297 |
-201 |
286 |
-610 |
680 |
-145 |
-48 |
346 |
710 |
50 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
-366 |
352 |
-81 |
331 |
-590 |
696 |
-108 |
-20 |
415 |
699 |
89 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.60 |
0.70 |
0.77 |
0.82 |
0.83 |
0.85 |
0.91 |
0.98 |
1.01 |
0.99 |
1.01 |
Price to Tangible Book Value (P/TBV) |
|
0.66 |
0.76 |
0.84 |
0.89 |
0.92 |
0.92 |
0.98 |
1.06 |
1.08 |
1.06 |
1.08 |
Price to Revenue (P/Rev) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
22.34 |
0.00 |
0.00 |
0.00 |
8.28 |
14.58 |
Price to Earnings (P/E) |
|
0.00 |
0.00 |
0.00 |
0.00 |
26.49 |
175.26 |
10.11 |
23.63 |
7.88 |
11.03 |
25.48 |
Dividend Yield |
|
22.55% |
18.98% |
17.52% |
16.79% |
18.01% |
17.23% |
15.29% |
15.27% |
13.94% |
15.82% |
15.23% |
Earnings Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
3.78% |
0.57% |
9.89% |
4.23% |
12.69% |
9.07% |
3.92% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.91 |
0.92 |
0.93 |
0.95 |
0.96 |
0.96 |
0.97 |
0.97 |
0.98 |
0.98 |
0.98 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
268.70 |
0.00 |
0.00 |
0.00 |
88.00 |
160.48 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
189.45 |
0.00 |
0.00 |
0.00 |
86.84 |
157.51 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
435.12 |
0.00 |
0.00 |
0.00 |
99.22 |
199.41 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.00 |
0.00 |
1,907.44 |
219.04 |
435.12 |
0.00 |
185.83 |
75.77 |
99.22 |
199.41 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
40.30 |
46.33 |
91.60 |
200.78 |
9,512.76 |
0.00 |
0.00 |
0.00 |
0.00 |
995.68 |
363.26 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
5.66 |
3.00 |
0.00 |
144.14 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
6.97 |
5.50 |
7.40 |
6.61 |
8.32 |
7.51 |
7.33 |
8.15 |
8.23 |
7.96 |
8.49 |
Long-Term Debt to Equity |
|
1.05 |
0.84 |
1.15 |
1.02 |
1.22 |
1.33 |
1.42 |
1.54 |
1.35 |
1.71 |
1.72 |
Financial Leverage |
|
6.02 |
5.54 |
6.84 |
6.56 |
7.66 |
6.53 |
7.36 |
7.42 |
8.27 |
7.75 |
7.96 |
Leverage Ratio |
|
7.11 |
6.60 |
7.92 |
7.65 |
8.76 |
7.65 |
8.43 |
8.48 |
9.33 |
8.86 |
9.01 |
Compound Leverage Factor |
|
11.78 |
12.47 |
5.95 |
7.65 |
5.63 |
4.63 |
-25.75 |
8.48 |
9.33 |
1.52 |
9.01 |
Debt to Total Capital |
|
87.46% |
84.62% |
88.10% |
86.87% |
89.27% |
88.24% |
87.99% |
89.07% |
89.16% |
88.84% |
89.47% |
Short-Term Debt to Total Capital |
|
74.32% |
71.66% |
74.41% |
73.43% |
76.16% |
72.62% |
70.93% |
72.26% |
74.48% |
69.70% |
71.38% |
Long-Term Debt to Total Capital |
|
13.14% |
12.96% |
13.69% |
13.43% |
13.11% |
15.63% |
17.06% |
16.82% |
14.68% |
19.14% |
18.09% |
Preferred Equity to Total Capital |
|
2.84% |
3.19% |
2.50% |
2.72% |
2.35% |
2.33% |
2.29% |
2.06% |
1.83% |
1.87% |
1.71% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
9.70% |
12.19% |
9.41% |
10.41% |
8.38% |
9.43% |
9.72% |
8.86% |
9.00% |
9.29% |
8.82% |
Debt to EBITDA |
|
-49.10 |
-36.78 |
-42.28 |
-86.99 |
-75.32 |
174.08 |
-36.23 |
-33.82 |
-73.48 |
78.81 |
143.35 |
Net Debt to EBITDA |
|
-46.01 |
-34.80 |
-40.20 |
-84.28 |
-73.04 |
169.10 |
-35.15 |
-32.90 |
-71.83 |
77.01 |
140.46 |
Long-Term Debt to EBITDA |
|
-7.38 |
-5.63 |
-6.57 |
-13.45 |
-11.06 |
30.83 |
-7.03 |
-6.38 |
-12.10 |
16.98 |
28.98 |
Debt to NOPAT |
|
-40.47 |
-51.97 |
-119.40 |
1,736.80 |
203.91 |
399.82 |
-33.93 |
169.97 |
68.89 |
90.04 |
181.47 |
Net Debt to NOPAT |
|
-37.93 |
-49.17 |
-113.52 |
1,682.70 |
197.72 |
388.39 |
-32.91 |
165.38 |
67.34 |
87.99 |
177.82 |
Long-Term Debt to NOPAT |
|
-6.08 |
-7.96 |
-18.55 |
268.57 |
29.94 |
70.80 |
-6.58 |
32.09 |
11.34 |
19.40 |
36.69 |
Noncontrolling Interest Sharing Ratio |
|
17.45% |
17.20% |
18.68% |
19.62% |
22.27% |
20.26% |
19.96% |
19.77% |
19.10% |
18.14% |
17.55% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
10,186 |
17,060 |
-41 |
653 |
-12,272 |
-18,655 |
-6,123 |
-19,242 |
-19,304 |
-17,117 |
-23,844 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
51.97 |
52.98 |
-0.09 |
1.24 |
-19.00 |
-28.01 |
-9.11 |
-27.57 |
-23.54 |
-23.10 |
-34.71 |
Operating Cash Flow to Interest Expense |
|
1.15 |
0.29 |
0.06 |
-0.12 |
-0.08 |
-0.05 |
0.03 |
-0.03 |
0.01 |
0.11 |
0.28 |
Operating Cash Flow Less CapEx to Interest Expense |
|
1.15 |
0.29 |
0.06 |
-0.12 |
-0.08 |
-0.05 |
0.03 |
-0.03 |
0.01 |
0.11 |
0.28 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.01 |
0.01 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
57,595 |
51,162 |
65,463 |
59,982 |
69,440 |
70,229 |
71,441 |
79,190 |
89,090 |
87,468 |
95,335 |
Invested Capital Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.01 |
0.01 |
Increase / (Decrease) in Invested Capital |
|
-10,467 |
-16,499 |
-100 |
-367 |
11,845 |
19,067 |
5,978 |
19,208 |
19,650 |
17,239 |
23,894 |
Enterprise Value (EV) |
|
52,183 |
46,929 |
61,190 |
57,223 |
66,589 |
67,443 |
68,944 |
77,119 |
87,364 |
85,629 |
93,721 |
Market Capitalization |
|
3,338 |
4,337 |
4,724 |
5,108 |
4,847 |
5,608 |
6,320 |
6,853 |
8,082 |
8,060 |
8,512 |
Book Value per Share |
|
$10.69 |
$10.91 |
$10.72 |
$10.48 |
$9.60 |
$9.87 |
$9.89 |
$9.65 |
$10.25 |
$9.18 |
$9.34 |
Tangible Book Value per Share |
|
$9.68 |
$9.99 |
$9.80 |
$9.60 |
$8.73 |
$9.09 |
$9.14 |
$8.93 |
$9.58 |
$8.58 |
$8.75 |
Total Capital |
|
57,595 |
51,162 |
65,463 |
59,982 |
69,440 |
70,229 |
71,441 |
79,190 |
89,090 |
87,468 |
95,335 |
Total Debt |
|
50,373 |
43,292 |
57,671 |
52,104 |
61,990 |
61,972 |
62,863 |
70,538 |
79,434 |
77,706 |
85,293 |
Total Long-Term Debt |
|
7,567 |
6,629 |
8,961 |
8,057 |
9,102 |
10,974 |
12,191 |
13,319 |
13,078 |
16,740 |
17,242 |
Net Debt |
|
47,211 |
40,958 |
54,832 |
50,481 |
60,108 |
60,201 |
60,990 |
68,632 |
77,648 |
75,935 |
83,575 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
385 |
0.00 |
10 |
0.00 |
-35 |
0.00 |
-588 |
14 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
50,373 |
43,292 |
57,671 |
52,104 |
61,990 |
61,972 |
62,863 |
70,538 |
79,434 |
77,706 |
85,293 |
Total Depreciation and Amortization (D&A) |
|
36 |
55 |
120 |
45 |
20 |
16 |
37 |
28 |
69 |
-11 |
39 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
($1.31) |
$1.06 |
($0.31) |
$0.43 |
($0.68) |
$0.61 |
$0.59 |
($0.11) |
$0.39 |
$0.06 |
$0.02 |
Adjusted Weighted Average Basic Shares Outstanding |
|
528.70M |
537M |
579.30M |
598.80M |
622M |
618.40M |
702.20M |
740M |
807.20M |
783.40M |
918.30M |
Adjusted Diluted Earnings per Share |
|
($1.31) |
$1.06 |
($0.31) |
$0.43 |
($0.68) |
$0.61 |
$0.59 |
($0.11) |
$0.39 |
$0.06 |
$0.02 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
528.70M |
537M |
579.30M |
599.70M |
622M |
619.60M |
704.20M |
740M |
810.10M |
786M |
921.90M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
571.62M |
574.66M |
595.71M |
606.08M |
671.11M |
695.02M |
726.93M |
782.46M |
885.64M |
900.42M |
1.02B |
Normalized Net Operating Profit after Tax (NOPAT) |
|
-281 |
393 |
-141 |
200 |
-427 |
288 |
-102 |
-34 |
242 |
85 |
35 |
Normalized NOPAT Margin |
|
0.00% |
126.27% |
0.00% |
64.79% |
0.00% |
40.73% |
0.00% |
0.00% |
64.41% |
11.51% |
44.87% |
Pre Tax Income Margin |
|
0.00% |
180.39% |
0.00% |
92.56% |
0.00% |
58.19% |
0.00% |
0.00% |
92.02% |
16.44% |
64.10% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
-2.05 |
0.92 |
-0.45 |
0.54 |
-0.94 |
1.02 |
-0.22 |
-0.07 |
0.42 |
0.96 |
0.07 |
NOPAT to Interest Expense |
|
-1.44 |
1.74 |
-0.31 |
0.54 |
-0.66 |
0.62 |
-0.22 |
-0.05 |
0.42 |
0.16 |
0.07 |
EBIT Less CapEx to Interest Expense |
|
-2.05 |
0.92 |
-0.45 |
0.54 |
-0.94 |
1.02 |
-0.22 |
-0.07 |
0.42 |
0.96 |
0.07 |
NOPAT Less CapEx to Interest Expense |
|
-1.44 |
1.74 |
-0.31 |
0.54 |
-0.66 |
0.62 |
-0.22 |
-0.05 |
0.42 |
0.16 |
0.07 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
-48.09% |
-73.03% |
-129.57% |
3,076.67% |
316.12% |
648.39% |
140.05% |
264.82% |
101.04% |
143.80% |
281.28% |
Augmented Payout Ratio |
|
-53.32% |
-77.31% |
-136.96% |
3,246.67% |
316.12% |
648.39% |
140.05% |
264.82% |
101.04% |
143.80% |
281.28% |
Key Financial Trends
Overview: AGNC Investment (NASDAQ: AGNC) is a real estate investment trust focused on agency mortgage-backed securities. Analyzing results from Q3 2022 through Q1 2025, the company showed considerable volatility in income, but recent quarters indicate stabilization and recovery.
- Q1 2025 reported a net income of $50 million, marking a recovery from losses in prior quarters and a positive directional shift from the Q1 2024 net loss of $151 million.
- Net Interest Income remained positive in Q1 2025 at $159 million, improving from negative values (e.g., -$64 million in Q3 2024 and -$3 million in Q2 2024), indicating better interest spread management.
- Continuing operating cash flow was strong in Q1 2025, with net cash from operating activities of $192 million, up from $79 million in Q4 2024 and $7 million in Q3 2024, signaling better cash generation.
- Total assets increased to $95.9 billion at the end of Q1 2025, up from $89.6 billion at Q3 2024, reflecting asset growth primarily driven by increased holdings in trading account securities ($74 billion in Q1 2025 vs. $71 billion in Q3 2024).
- GAAP earnings per diluted share in Q1 2025 were $0.02, down from $0.06 in Q4 2024 and substantially below past peak levels such as $0.39 in Q3 2024 or $0.59 in Q1 2024, suggesting recent earnings dilution or fluctuating profitability.
- The company maintained a consistent quarterly cash dividend of $0.36 per share across all quarters analyzed, indicating a commitment to returning capital despite earnings volatility.
- Preferred stock dividends increased slightly from $30 million in early 2023 to $35 million in Q1 2025, which may impact net income available to common shareholders but remains steady.
- Net realized and unrealized capital losses hit -$81 million in Q1 2025, a deterioration from capital gains in previous quarters (e.g., +$627 million in Q4 2024), reducing non-interest income and overall profitability.
- Total revenue and pre-tax income declined sharply in Q1 2025 compared to the strong Q4 2024 quarter: total revenue dropped to $78 million from $742 million, and pre-tax income reduced to $50 million from $122 million, reflecting a weaker quarter overall.
- The debt profile includes over $68 billion short-term debt as of Q1 2025, an increase from $66 billion in Q3 2024, indicating reliance on short-term financing which may pose refinancing risks in volatile markets.
Summary: AGNC Investment experienced substantial volatility from 2022 through 2024 with swings between net losses and net gains, largely driven by fluctuations in capital gains/losses and interest spreads. Q1 2025 showed signs of recovery with positive net income and improved operating cash flow, although profitability remains modest relative to earlier periods. The company sustains a stable dividend, which is attractive to income-focused investors but warrants close attention due to variability in earnings and reliance on short-term debt funding. Investors should monitor upcoming quarters for confirmation of sustained positive earnings and capital gains trends to gauge financial health and dividend safety.
08/23/25 04:52 AMAI Generated. May Contain Errors.