AGNC Investment (AGNCP) Financials

$25.41 -0.03 (-0.12%)

As of 12:04 PM Eastern

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.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	187	595	733	93	628	-362	649	-1,295	32	731
Consolidated Net Income / (Loss)	215	623	771	129	688	-266	749	-1,190	155	863
Net Income / (Loss) Continuing Operations	215	623	771	129	688	-266	749	-1,190	155	863
Total Pre-Tax Income	215	623	771	129	688	-266	749	-1,190	155	863
Total Revenue	354	728	844	229	771	-173	1,229	-1,116	251	973
Net Interest Income / (Expense)	1,136	927	769	776	693	845	1,286	965	-246	18
Total Interest Income	1,466	1,321	1,293	1,949	2,842	1,519	1,361	1,590	2,041	2,949
Investment Securities Interest Income	1,466	1,321	1,293	1,949	2,842	1,519	1,361	1,590	2,041	2,949
Total Interest Expense	330	394	524	1,173	2,149	674	75	625	2,287	2,931
Long-Term Debt Interest Expense	330	394	524	1,173	2,149	674	75	625	2,287	2,931
Total Non-Interest Income	-782	-199	75	-547	78	-1,018	-57	-2,081	497	955
Other Service Charges	0.00	8.00	16	54	-	0.00	0.00	0.00	0.00	0.00
Net Realized & Unrealized Capital Gains on Investments	-782	-207	59	-601	78	-1,018	-57	-2,081	497	955
Total Non-Interest Expense	139	105	73	100	83	93	88	74	96	110
Salaries and Employee Benefits	0.00	19	42	45	47	56	54	41	62	74
Other Operating Expenses	139	86	31	55	36	37	34	33	34	36
Preferred Stock Dividends Declared	28	28	38	36	60	96	100	105	123	132
Basic Earnings per Share	$0.54	$1.79	$2.04	$0.21	$1.16	($0.66)	$1.23	($2.41)	$0.05	$0.93
Weighted Average Basic Shares Outstanding	348.60M	331.90M	358.60M	441.10M	540.60M	551.60M	528.10M	537M	618.40M	783.40M
Diluted Earnings per Share	$0.54	$1.79	$2.04	$0.21	$1.16	($0.66)	$1.22	($2.41)	$0.05	$0.93
Weighted Average Diluted Shares Outstanding	348.60M	331.90M	358.70M	441.40M	541.40M	551.60M	530M	537M	619.60M	786M
Weighted Average Basic & Diluted Shares Outstanding	348.60M	332.40M	359.30M	442.90M	540.94M	537.90M	522.22M	574.66M	695.02M	900.42M
Cash Dividends to Common per Share	$2.48	$2.30	$2.16	$2.16	$2.00	$1.56	$1.44	$1.44	$1.44	$1.44

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
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

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
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
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

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
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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

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
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
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

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
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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%

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
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. has experienced significant volatility in its financial performance over the past two years. The company’s revenue stream, net income, and cash flows exhibit notable fluctuations largely driven by changes in net realized and unrealized capital gains on investments and interest income/expenses.

Net interest income has generally improved from negative territory in early 2023 to positive $159 million in Q1 2025, indicating better interest margin management.
Total assets have steadily increased, reaching approximately $95.9 billion by Q1 2025, reflecting growth in investment securities (trading account securities increased to $74 billion).
The company maintained consistent cash dividends to common shareholders at $0.36 per share each quarter, providing steady shareholder returns.
Net cash from operating activities surged significantly to $192 million in Q1 2025, up from $79 million in Q4 2024 and negative results earlier in 2024.
Issuance of common equity remained strong (e.g., $509 million in Q1 2025), bolstering equity capital alongside preferred stock which also remains stable.

Net realized and unrealized capital gains on investments fluctuated dramatically, with losses of $81 million in Q1 2025 contrasting with gains of $627 million in Q4 2024, causing swings in total revenue and net income.
Total interest expense remained high but relatively stable in the $660-$740 million range per quarter, reflecting consistent debt servicing costs.
Total liabilities and long-term plus short-term debt rose over time, with short-term debt increasing to $68 billion by Q1 2025, signaling reliance on short-term borrowing.
Retained earnings remain negative, near -$8.9 billion as of Q1 2025, indicating historical accumulated losses despite recent profitability.
Non-interest expenses (primarily salaries and other operating expenses) remained relatively stable, between $24-$32 million quarterly, indicating controlled operating costs.

Net income to common shareholders dropped to just $15 million in Q1 2025 from a high of $346 million in Q3 2024, showing recent profit pressure.
Diluted earnings per share declined to $0.02 in Q1 2025 from past peaks around $0.39-$0.61, reflecting earnings compression.
Net cash from investing activities was significantly negative, e.g., -$5.7 billion in Q1 2025, indicating large investments without proportional sales, potentially impacting liquidity.
The company showed a net change in cash and equivalents declining by $53 million in Q1 2025, and cash interest paid remains substantial.
Preferred stock dividends consistently reduce net income available to common shareholders, about $30-$36 million quarterly, which constrains returns to common investors.

Summary: AGNC Investment Corp. has shown improvement in net interest income and operating cash flows recently, balancing against volatile investment gains/losses impacting revenue and profitability. The company’s growing asset base and stable dividend policy support its investment thesis, but investors should be cautious of capital gains volatility, high leverage particularly in short-term debt, and pressure on net income and EPS. Monitoring capital gains trends and debt management will be crucial going forward.

09/16/25 12:11 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About AGNC Investment's Financials

When does AGNC Investment's fiscal year end?

According to the most recent income statement we have on file, AGNC Investment's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has AGNC Investment's net income changed over the last 9 years?

AGNC Investment's net income appears to be on a downward trend, with a most recent value of $863 million in 2024, rising from $215 million in 2015. The previous period was $155 million in 2023.

How has AGNC Investment's revenue changed over the last 9 years?

Over the last 9 years, AGNC Investment's total revenue changed from $354 million in 2015 to $973 million in 2024, a change of 174.9%.

How much debt does AGNC Investment have?

AGNC Investment's total liabilities were at $78.25 billion at the end of 2024, a 23.5% increase from 2023, and a 59.5% increase since 2015.

How much cash does AGNC Investment have?

In the past 9 years, AGNC Investment's cash and equivalents has ranged from $505 million in 2024 to $1.21 billion in 2016, and is currently $505 million as of their latest financial filing in 2024.

How has AGNC Investment's book value per share changed over the last 9 years?

Over the last 9 years, AGNC Investment's book value per share changed from 22.04 in 2015 to 9.18 in 2024, a change of -58.4%.

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This page (NASDAQ:AGNCP) was last updated on 9/16/2025 by MarketBeat.com Staff

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AGNC Investment (AGNCP) Financials

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AGNC Investment (AGNCP) Financials

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