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
AGNC Investment Corp. Financial Analysis (Q1 2022 - Q1 2025)
AGNC Investment Corp., a mortgage real estate investment trust, reported fluctuating earnings and operational metrics over the last several quarters, with a mix of positive revenue streams and challenges from market volatility.
- Strong Investment Securities Interest Income trending upward from $351 million in Q1 2023 to $846 million in Q1 2025, showing growth in core earning assets.
- AGNC consistently pays a cash dividend of $0.36 per common share quarterly, signaling commitment to returning capital to shareholders.
- Net Interest Income improved to $159 million in Q1 2025 after losses in prior periods, indicating better margin management or interest rate positioning.
- Issuance of Common Equity raised substantial capital between quarters, including $509 million in Q1 2025, supporting balance sheet strength and growth opportunities.
- Total Assets grew steadily from approximately $58.5 billion in Q3 2022 to about $95.9 billion in Q1 2025, indicating expansion of the investment portfolio.
- AGNC maintained a stable Preferred Stock balance around $1.63 billion, reflecting a consistent capital structure.
- Long-Term Debt increased from $7.5 billion in Q3 2022 to $17.2 billion in Q1 2025, reflecting more leverage but possibly more assets financed at favorable rates.
- Salaries and employee benefits expense remained relatively stable, around $15 million to $22 million quarterly, showing controlled operating costs.
- Other operating expenses fluctuated mildly, hinting at steady administrative costs without significant operational disruptions.
- Net Realized & Unrealized Capital Loss of $81 million in Q1 2025 contrasts with gains in prior quarters, reflecting securities valuation pressures or market volatility impacting non-interest income.
- Net Income to Common Shareholders dropped sharply to $15 million in Q1 2025 compared to $86 million in Q4 2024 and higher amounts in prior quarters, signaling decreased profitability.
- Earnings Per Share (EPS) fell to $0.02 diluted in Q1 2025 from $0.06 in Q4 2024 and substantially higher figures in 2023, highlighting earnings pressure.
- Total Revenue declined to $78 million in Q1 2025 from $742 million in Q4 2024, largely due to negative non-interest income, indicating sensitivity to investment market conditions.
- Net cash used in investing activities was substantial at nearly negative $5.7 billion in Q1 2025, consistent with heavy purchase of investment securities, which increases portfolio risk if assets underperform.
- Debt repayment closely matched new debt issuance but net leverage increased slightly, requiring scrutiny on debt servicing in changing rate environments.
Summary: AGNC Investment Corp. has expanded its asset base and managed interest income positively, supporting stable dividends. However, recent quarters show challenges from unrealized losses on investment securities that have depressed net income and earnings per share. Heavy investment activity suggests the company remains committed to growth, but investors should be cautious about market volatility risks influencing valuation and returns going forward.
08/28/25 09:55 PM ETAI Generated. May Contain Errors.