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PennantPark Investment (PNNT) Financials

PennantPark Investment logo
$3.47 +0.04 (+1.11%)
Closing price 06/18/2026 03:59 PM Eastern
Extended Trading
$3.43 -0.04 (-1.10%)
As of 06/18/2026 07:57 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for PennantPark Investment

Annual Income Statements for PennantPark Investment

This table shows PennantPark Investment's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Period end date 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024
Net Income / (Loss) Attributable to Common Shareholders		 43 167 19 -34 49
Consolidated Net Income / (Loss)		 43 167 19 -29 49
Net Income / (Loss) Continuing Operations		 43 167 19 -29 49
Total Pre-Tax Income 		43 167 19 -30 49
Total Revenue		 84 230 50 49 133
Net Interest Income / (Expense)		 95 77 -29 143 140
Total Interest Income		 127 77 0.00 143 140
Investment Securities Interest Income		 127 77 - 143 140
Total Interest Expense		 32 0.00 29 0.00 0.00
Total Non-Interest Income		 -11 152 79 -94 -7.22
Other Service Charges		 4.82 4.14 - 2.32 3.51
Net Realized & Unrealized Capital Gains on Investments		 -16 148 79 -96 -11
Total Non-Interest Expense		 40 63 31 80 84
Insurance Policy Acquisition Costs		 4.58 0.58 2.66 14 13
Other Operating Expenses		 36 62 29 66 71
Income Tax Expense		 - 0.00 - -1.58 0.68
Weighted Average Basic Shares Outstanding		 - - 65.22M 65.22M 65.30M
Weighted Average Diluted Shares Outstanding		 - - 65.22M 65.22M 65.30M
Weighted Average Basic & Diluted Shares Outstanding		 - - 65.22M 65.22M 65.30M

Quarterly Income Statements for PennantPark Investment

This table shows PennantPark 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
Period end date 6/30/2022 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2024 3/31/2024 6/30/2024 9/30/2024
Net Income / (Loss) Attributable to Common Shareholders		 -18 68 -72 4.87 21 12 16 16 3.75 18
Consolidated Net Income / (Loss)		 -18 144 -72 4.87 21 17 16 16 3.75 18
Net Income / (Loss) Continuing Operations		 -18 144 -72 4.87 21 17 16 16 3.75 18
Total Pre-Tax Income 		-10 144 -73 4.87 21 17 16 16 3.75 19
Total Revenue		 2.44 161 -53 25 43 35 37 38 25 41
Net Interest Income / (Expense)		 22 14 29 36 44 33 34 35 37 36
Total Interest Income		 22 29 29 36 44 33 34 35 37 36
Investment Securities Interest Income		 22 - 29 36 44 33 34 35 37 36
Total Non-Interest Income		 -20 147 -83 -11 -1.41 1.82 3.71 2.61 -12 5.51
Other Service Charges		 1.25 - 0.49 0.35 0.60 0.89 0.58 0.78 0.39 0.91
Net Realized & Unrealized Capital Gains on Investments		 -21 155 -83 -12 -2.01 0.93 3.13 1.83 -12 4.60
Total Non-Interest Expense		 13 17 20 20 22 18 21 22 21 22
Insurance Policy Acquisition Costs		 0.00 - 2.19 3.53 4.87 3.31 2.76 3.02 3.35 3.06
Other Operating Expenses		 13 17 17 16 17 15 18 19 18 19
Weighted Average Basic Shares Outstanding		 - 65.22M 65.22M 65.22M 65.22M 65.22M 65.30M 65.22M 65.30M 65.30M
Weighted Average Diluted Shares Outstanding		 - 65.22M 65.22M 65.22M 65.22M 65.22M 65.30M 65.22M 65.30M 65.30M
Weighted Average Basic & Diluted Shares Outstanding		 - 65.22M 65.22M 65.22M 65.22M 65.22M 65.30M 65.22M 65.30M 65.30M

Annual Cash Flow Statements for PennantPark Investment

This table details how cash moves in and out of PennantPark Investment's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Period end date 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024
Net Change in Cash & Equivalents		 -34 -5.52 35 -16 11
Net Cash From Operating Activities		 -130 7.91 -17 223 -172
Net Cash From Continuing Operating Activities		 -130 7.91 -17 223 -172
Net Income / (Loss) Continuing Operations		 -16 167 -25 -34 49
Consolidated Net Income / (Loss)		 -16 167 -25 -34 49
Depreciation Expense		 34 -118 110 -56 -27
Amortization Expense		 -0.74 -1.07 -3.54 -5.01 -1.61
Non-Cash Adjustments to Reconcile Net Income		 -145 -31 -88 293 -190
Changes in Operating Assets and Liabilities, net		 -1.62 -8.55 -11 24 -1.88
Net Cash From Investing Activities		 0.00 0.00 0.00 0.00 0.00
Net Cash From Continuing Investing Activities		 0.00 0.00 0.00 0.00 0.00
Net Cash From Financing Activities		 96 -13 52 -239 183
Net Cash From Continuing Financing Activities		 96 -13 52 -239 183
Issuance of Debt		 432 456 1,021 153 524
Issuance of Common Equity		 - - 0.00 0.00 0.55
Repayment of Debt		 -292 -437 -921 -346 -275
Repurchase of Common Equity		 0.00 0.00 -13 0.00 0.00
Payment of Dividends		 -44 -32 -35 -46 -66
Other Financing Activities, Net		 0.00 0.00 0.00 0.00 -0.25
Effect of Exchange Rate Changes		 - - -0.33 - 0.05
Cash Interest Paid		 31 17 25 38 43
Cash Income Taxes Paid		 1.05 0.98 5.46 5.71 6.31

Quarterly Cash Flow Statements for PennantPark Investment

This table details how cash moves in and out of PennantPark 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
Period end date 6/30/2022 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2024 3/31/2024 6/30/2024 9/30/2024
Net Change in Cash & Equivalents		 176 -147 -29 40 -20 -7.83 6.07 -1.44 24 -9.34
Net Cash From Operating Activities		 -187 80 -9.56 70 55 107 19 4.25 -17 -4.66
Net Cash From Continuing Operating Activities		 -187 80 -14 74 55 107 19 4.07 -17 -4.66
Net Income / (Loss) Continuing Operations		 -18 -35 -72 4.87 21 12 16 16 3.75 18
Consolidated Net Income / (Loss)		 -18 -35 -72 4.87 21 12 16 16 3.75 18
Depreciation Expense		 -5.59 11 92 -135 -13 1.28 -2.36 -33 5.10 -4.31
Amortization Expense		 0.21 -1.28 -0.37 -3.45 -0.06 -1.14 -0.29 -0.97 0.02 -0.82
Non-Cash Adjustments to Reconcile Net Income		 -94 62 -60 212 62 63 7.28 21 -30 -22
Changes in Operating Assets and Liabilities, net		 -69 44 27 -3.63 -15 32 -1.97 1.52 3.94 4.33
Net Cash From Financing Activities		 191 -55 -15 -34 -75 -115 -13 -5.70 41 -4.68
Net Cash From Continuing Financing Activities		 277 -227 -15 -34 -75 -115 -13 -5.70 41 -4.68
Issuance of Debt		 319 45 44 32 47 30 55 103 92 101
Repayment of Debt		 -28 -262 -49 -55 -110 -132 -52 -95 -38 -90
Payment of Dividends		 -9.26 -9.50 -9.78 -11 -12 -13 -16 -14 -14 -16
Effect of Exchange Rate Changes		 - - - - - - - - - 0.05
Cash Interest Paid		 9.58 5.30 12 7.34 13 5.08 15 8.14 14 8.56

Annual Balance Sheets for PennantPark Investment

This table presents PennantPark 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 2021 2022 2023 2024
Period end date 9/30/2021 9/30/2022 9/30/2023 9/30/2024
Total Assets		 1,295 1,321 1,157 1,389
Cash and Due from Banks		 20 55 39 50
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00
Customer and Other Receivables		 - - 0.00 0.23
Other Assets		 1,275 1,266 1,118 1,339
Total Liabilities & Shareholders' Equity		 1,295 1,321 1,157 1,389
Total Liabilities		 635 735 655 895
Short-Term Debt		 315 377 207 460
Accrued Interest Payable		 4.94 6.26 6.23 6.41
Long-Term Debt		 293 328 310 312
Other Long-Term Liabilities		 23 24 132 117
Commitments & Contingencies		 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 660 586 502 494
Total Preferred & Common Equity		 660 586 502 494
Total Common Equity		 660 586 502 494
Common Stock		 787 748 747 744
Retained Earnings		 -127 -163 -244 -250

Quarterly Balance Sheets for PennantPark Investment

This table presents PennantPark 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 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 12/31/2022 3/31/2023 6/30/2023 12/31/2024 3/31/2024 6/30/2024
Total Assets		 2,495 1,217 1,156 1,412 1,291 1,333
Cash and Due from Banks		 - 63 43 56 35 59
Trading Account Securities		 - - - - - 1,260
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00
Customer and Other Receivables		 - - - 0.14 0.27 0.14
Other Assets		 2,495 1,154 1,114 1,356 1,256 14
Total Liabilities & Shareholders' Equity		 -591 1,217 1,156 1,412 1,291 1,333
Total Liabilities		 -591 721 653 918 790 841
Short-Term Debt		 - 362 308 460 393 447
Accrued Interest Payable		 - 6.09 2.80 2.85 6.42 3.12
Long-Term Debt		 - 309 309 312 311 311
Other Long-Term Liabilities		 -591 44 33 143 80 81
Commitments & Contingencies		 - 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 0.00 496 504 494 502 491
Total Preferred & Common Equity		 0.00 496 504 494 502 491
Total Common Equity		 0.00 496 504 494 502 491
Common Stock		 - 748 748 744 747 747
Retained Earnings		 - -253 -245 -250 -245 -256

Annual Metrics And Ratios for PennantPark Investment

This table displays calculated financial ratios and metrics derived from PennantPark Investment's official financial filings.

Metric 2021 2022 2023 2024
Period end date 9/30/2021 9/30/2022 9/30/2023 9/30/2024
Growth Metrics		 - - - -
Revenue Growth		 174.24% -78.24% -1.08% 169.41%
EBITDA Growth		 -46.46% 162.94% -172.92% 122.18%
EBIT Growth		 283.21% -88.79% -262.94% 262.15%
NOPAT Growth		 283.21% -88.79% -214.06% 328.46%
Net Income Growth		 283.21% -88.79% -254.50% 268.65%
EPS Growth		 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 106.10% -318.68% 1,389.20% -177.33%
Free Cash Flow Firm Growth		 0.00% 98.54% 4,518.47% -113.32%
Invested Capital Growth		 0.00% 2.11% -59.70% 24.23%
Revenue Q/Q Growth		 0.00% 0.00% -71.81% 1.81%
EBITDA Q/Q Growth		 0.00% 0.00% -298.27% 4.96%
EBIT Q/Q Growth		 0.00% 0.00% -131.26% 5.28%
NOPAT Q/Q Growth		 0.00% 0.00% -121.88% 3.83%
Net Income Q/Q Growth		 0.00% 0.00% -129.37% 2.02%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 13.80% -184.86%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% -106.70%
Invested Capital Q/Q Growth		 0.00% 0.00% -65.01% 0.00%
Profitability Metrics		 - - - -
EBITDA Margin		 20.74% 250.67% -184.78% 15.21%
EBIT Margin		 72.59% 37.40% -61.60% 37.08%
Profit (Net Income) Margin		 72.59% 37.40% -58.41% 36.56%
Tax Burden Percent		 100.00% 100.00% 94.82% 98.62%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 1.38%
Return on Invested Capital (ROIC)		 13.46% 0.75% -1.20% 4.26%
ROIC Less NNEP Spread (ROIC-NNEP)		 13.46% 0.75% -1.70% 4.26%
Return on Net Nonoperating Assets (RNNOA)		 593.17% 67.25% -10.29% 5.51%
Return on Equity (ROE)		 606.63% 68.00% -11.49% 9.77%
Cash Return on Invested Capital (CROIC)		 -186.54% -1.35% 83.91% -17.35%
Operating Return on Assets (OROA)		 6.73% 0.75% -1.65% 3.88%
Return on Assets (ROA)		 6.73% 0.75% -1.57% 3.82%
Return on Common Equity (ROCE)		 606.63% 68.00% -11.49% 9.77%
Return on Equity Simple (ROE_SIMPLE)		 303.31% 0.00% -5.75% 9.85%
Net Operating Profit after Tax (NOPAT)		 167 19 -21 49
NOPAT Margin		 72.59% 37.40% -43.12% 36.56%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.50% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 27.41% 62.60% 161.60% 62.92%
Earnings before Interest and Taxes (EBIT)		 167 19 -30 49
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 48 125 -91 20
Valuation Ratios		 - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.72 0.88
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.72 0.88
Price to Revenue (P/Rev)		 0.00 0.00 7.31 3.28
Price to Earnings (P/E)		 0.00 0.00 0.00 8.92
Dividend Yield		 10.86% 13.74% 13.72% 13.18%
Earnings Yield		 0.00% 0.00% 0.00% 11.21%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.82 0.91
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 16.99 8.70
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 57.20
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 23.47
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 23.80
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 3.76 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.56 0.00
Leverage & Solvency		 - - - -
Debt to Equity		 0.00 0.00 1.03 1.56
Long-Term Debt to Equity		 0.00 0.00 0.62 0.63
Financial Leverage		 44.08 90.12 6.06 1.29
Leverage Ratio		 45.08 91.11 7.34 2.56
Compound Leverage Factor		 45.08 91.11 7.34 2.56
Debt to Total Capital		 0.00% 0.00% 50.72% 60.98%
Short-Term Debt to Total Capital		 0.00% 0.00% 20.31% 36.37%
Long-Term Debt to Total Capital		 0.00% 0.00% 30.41% 24.62%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 0.00% 49.28% 39.02%
Debt to EBITDA		 0.00 0.00 -5.66 38.13
Net Debt to EBITDA		 0.00 0.00 -5.24 35.67
Long-Term Debt to EBITDA		 0.00 0.00 -3.39 15.39
Debt to NOPAT		 0.00 0.00 -24.26 15.86
Net Debt to NOPAT		 0.00 0.00 -22.44 14.84
Long-Term Debt to NOPAT		 0.00 0.00 -14.55 6.40
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - -
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 -2,310 -34 1,488 -198
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 -1.17 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 -0.60 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 -0.60 0.00 0.00
Efficiency Ratios		 - - - -
Asset Turnover		 0.09 0.02 0.03 0.10
Fixed Asset Turnover		 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - -
Invested Capital		 2,476 2,529 1,019 1,266
Invested Capital Turnover		 0.19 0.02 0.03 0.12
Increase / (Decrease) in Invested Capital		 2,476 52 -1,510 247
Enterprise Value (EV)		 0.00 0.00 839 1,158
Market Capitalization		 0.00 0.00 361 436
Book Value per Share		 $0.00 $0.00 $7.70 $7.56
Tangible Book Value per Share		 $0.00 $0.00 $7.70 $7.56
Total Capital		 55 0.00 1,019 1,266
Total Debt		 0.00 0.00 517 772
Total Long-Term Debt		 0.00 0.00 310 312
Net Debt		 0.00 0.00 478 722
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 7.55 0.00
Net Nonoperating Obligations (NNO)		 2,421 2,529 517 772
Total Depreciation and Amortization (D&A)		 -119 107 -61 -29
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 0.00 65.22M 65.22M 65.30M
Adjusted Diluted Earnings per Share		 $0.00 ($0.37) $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 65.22M 65.22M 65.30M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 65.22M 65.22M 65.30M
Normalized Net Operating Profit after Tax (NOPAT)		 117 13 -21 49
Normalized NOPAT Margin		 50.81% 26.18% -43.12% 36.56%
Pre Tax Income Margin		 72.59% 37.40% -61.60% 37.08%
Debt Service Ratios		 - - - -
EBIT to Interest Expense		 0.00 0.65 0.00 0.00
NOPAT to Interest Expense		 0.00 0.65 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.65 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.65 0.00 0.00
Payout Ratios		 - - - -
Dividend Payout Ratio		 19.32% 186.61% -158.23% 135.42%
Augmented Payout Ratio		 19.32% 257.56% -158.23% 135.42%

Quarterly Metrics And Ratios for PennantPark Investment

This table displays calculated financial ratios and metrics derived from PennantPark 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
Period end date 6/30/2022 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
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 0.00% 0.00% -24.47% 782.62% 1,660.29% -78.25% 154.89% 53.83% -41.86% 17.49%
EBITDA Growth		 0.00% 0.00% 117.40% -183.59% 148.40% -89.17% -15.21% 86.49% 16.37% -16.77%
EBIT Growth		 0.00% 0.00% -26.51% -50.30% 302.33% -88.54% 114.43% 230.15% -82.12% 14.95%
NOPAT Growth		 0.00% 0.00% -26.51% -67.19% 389.04% -88.54% 120.91% 230.15% -82.12% 14.95%
Net Income Growth		 0.00% 0.00% -14.88% -67.19% 213.35% -88.07% 114.82% 230.15% -82.12% 5.59%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 0.00% 0.00% 94.61% -73.78% 129.50% 33.71% -1,522.10% -93.93% -130.54% -104.34%
Free Cash Flow Firm Growth		 0.00% 0.00% -7,688.41% 0.00% 0.00% 0.00% 158.34% 160.47% 88.68% -114.93%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% 0.00% -59.70% -58.96% -59.83% 11.44% 24.23%
Revenue Q/Q Growth		 167.84% 349.00% -133.05% 146.24% 74.95% -18.67% -16.57% 29.58% -33.87% 64.36%
EBITDA Q/Q Growth		 -109.82% 284.87% -88.05% -827.89% 105.69% 118.92% -6.40% -215.99% 148.96% 56.57%
EBIT Q/Q Growth		 -205.63% 285.23% -150.43% 106.69% 329.99% -21.06% -36.49% 53.15% -76.71% 407.50%
NOPAT Q/Q Growth		 -148.82% 364.62% -135.30% 109.56% 329.99% -21.06% -35.58% 50.99% -76.71% 407.50%
Net Income Q/Q Growth		 -224.48% 285.23% -149.81% 106.78% 329.99% -17.81% -38.13% 50.99% -76.71% 385.34%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 -170.10% 142.83% -111.93% 832.48% -21.14% 94.11% -244.68% 102.74% -496.68% 72.40%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 4.54% 63.27% 152.79% 19.91% 179.12% -106.88% -107.82%
Invested Capital Q/Q Growth		 0.00% 0.00% 22.04% -2.80% -62.64% -65.01% 24.28% -50.78% 3.66% 0.00%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 -644.13% 95.74% 0.00% -545.07% 17.71% 47.67% 53.48% -47.88% 35.45% 33.77%
EBIT Margin		 -423.82% 89.73% 0.00% 19.82% 48.71% 47.28% 35.99% 42.54% 14.98% 46.26%
Profit (Net Income) Margin		 -756.49% 89.73% 0.00% 19.82% 48.71% 49.23% 36.51% 42.54% 14.98% 44.24%
Tax Burden Percent		 178.49% 100.00% 98.77% 100.00% 100.00% 104.11% 101.43% 100.00% 100.00% 95.63%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -1.43% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 1.77% 0.00% 0.89% 8.16% 1.32% 2.21% 2.93% 1.61% 5.39%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 1.77% 0.00% 0.89% 8.16% 1.36% 2.21% 2.93% 1.61% 5.26%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 10.00% 8.26% 17.25% 21.66% 2.22% 6.81%
Return on Equity (ROE)		 0.00% 0.00% 0.00% 0.00% 18.16% 9.57% 19.46% 24.59% 3.82% 12.20%
Cash Return on Invested Capital (CROIC)		 0.00% -1.33% -199.78% 0.00% 0.00% 83.91% 86.08% 88.42% -6.87% -17.35%
Operating Return on Assets (OROA)		 0.00% 1.79% 0.00% 0.58% 3.95% 1.27% 2.43% 3.44% 1.53% 4.84%
Return on Assets (ROA)		 0.00% 1.79% 0.00% 0.58% 3.95% 1.32% 2.46% 3.44% 1.53% 4.63%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% 0.00% 18.16% 9.57% 19.46% 24.59% 3.82% 12.20%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 10.03% 0.00% 10.86% 12.94% 9.71% 0.00%
Net Operating Profit after Tax (NOPAT)		 -7.25 144 -51 4.87 21 17 11 16 3.75 19
NOPAT Margin		 -296.68% 89.73% 0.00% 19.82% 48.71% 47.28% 36.51% 42.54% 14.98% 46.26%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 1.36% 0.00% 0.00% -0.04% 0.00% 0.00% 0.00% 0.13%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 523.82% 10.27% 0.00% 80.18% 51.29% 52.72% 64.01% 57.46% 85.02% 53.74%
Earnings before Interest and Taxes (EBIT)		 -10 144 -73 4.87 21 17 11 16 3.75 19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -16 154 18 -134 7.62 17 16 -18 8.86 14
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.61 0.72 0.77 0.80 0.91 0.88
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.61 0.72 0.77 0.80 0.91 0.88
Price to Revenue (P/Rev)		 0.00 0.00 0.00 4.01 3.26 7.31 2.91 2.78 3.50 3.28
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 7.86 6.71 10.41 8.92
Dividend Yield		 11.76% 13.74% 13.71% 15.50% 14.91% 13.72% 13.71% 13.46% 12.46% 13.18%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 12.73% 14.90% 9.61% 11.21%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.09 0.79 0.82 0.87 0.89 0.92 0.91
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 4.01 9.38 16.99 8.34 7.38 9.01 8.70
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 49.10 49.62 57.20
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 21.22 0.00 20.79 16.70 24.39 23.47
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 21.22 0.00 20.47 16.70 24.39 23.80
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 4.49 3.76 4.37 92.35 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.56 0.59 0.58 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 1.23 1.03 1.56 1.40 1.54 1.56
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.61 0.62 0.63 0.62 0.63 0.63
Financial Leverage		 0.00 0.00 0.00 0.00 1.23 6.06 7.80 7.38 1.38 1.29
Leverage Ratio		 0.00 91.11 0.00 0.00 2.30 7.34 7.90 7.15 2.50 2.56
Compound Leverage Factor		 0.00 91.11 0.00 0.00 2.30 7.34 7.90 7.15 2.50 2.56
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 55.06% 50.72% 60.97% 58.37% 60.67% 60.98%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 27.45% 20.31% 36.32% 32.58% 35.75% 36.37%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 27.61% 30.41% 24.64% 25.79% 24.92% 24.62%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
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		 0.00% 0.00% 0.00% 0.00% 44.94% 49.28% 39.03% 41.63% 39.33% 39.02%
Debt to EBITDA		 0.00 0.00 0.00 0.00 -62.74 -5.66 -7.58 32.27 32.88 38.13
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 -58.39 -5.24 -7.03 30.64 30.32 35.67
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 -31.46 -3.39 -3.06 14.26 13.51 15.39
Debt to NOPAT		 0.00 0.00 0.00 0.00 14.88 -24.26 14.38 10.98 16.17 15.86
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 13.84 -22.44 13.34 10.42 14.90 14.84
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 7.46 -14.55 5.81 4.85 6.64 6.40
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.00 -3,137 -2,995 -1,100 1,526 1,830 1,811 -125 -228
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		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 5.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 5.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.00 0.02 0.02 0.03 0.08 0.03 0.07 0.08 0.10 0.10
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		 0.00 2,529 3,086 3,000 1,121 1,019 1,266 1,205 1,249 1,266
Invested Capital Turnover		 0.00 0.02 0.03 0.05 0.17 0.03 0.06 0.07 0.11 0.12
Increase / (Decrease) in Invested Capital		 0.00 0.00 3,086 3,000 1,121 -1,510 -1,820 -1,795 128 247
Enterprise Value (EV)		 0.00 0.00 0.00 271 880 839 1,099 1,070 1,143 1,158
Market Capitalization		 0.00 0.00 0.00 271 306 361 383 402 445 436
Book Value per Share		 $0.00 $0.00 $0.00 $0.00 $7.72 $7.70 $7.58 $7.69 $7.53 $7.56
Tangible Book Value per Share		 $0.00 $0.00 $0.00 $0.00 $7.72 $7.70 $7.58 $7.69 $7.53 $7.56
Total Capital		 0.00 0.00 0.00 0.00 1,121 1,019 1,266 1,205 1,249 1,266
Total Debt		 0.00 0.00 0.00 0.00 617 517 772 703 758 772
Total Long-Term Debt		 0.00 0.00 0.00 0.00 309 310 312 311 311 312
Net Debt		 0.00 0.00 0.00 0.00 574 478 716 668 699 722
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)		 11 0.00 21 0.00 0.00 -0.68 0.00 0.00 0.00 0.83
Net Nonoperating Obligations (NNO)		 0.00 2,529 3,086 3,000 617 517 772 703 758 772
Total Depreciation and Amortization (D&A)		 -5.38 9.67 91 -139 -13 0.14 5.10 -34 5.12 -5.13
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 0.00 65.22M 65.22M 65.22M 65.22M 65.22M 65.30M 65.22M 65.30M 65.30M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.07 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 65.22M 65.22M 65.22M 65.22M 65.22M 65.30M 65.22M 65.30M 65.30M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 65.22M 65.22M 65.22M 65.22M 65.22M 65.30M 65.22M 65.30M 65.30M
Normalized Net Operating Profit after Tax (NOPAT)		 -7.25 101 -51 3.41 15 12 7.35 11 2.62 13
Normalized NOPAT Margin		 -296.68% 62.81% 0.00% 13.87% 34.10% 33.10% 25.19% 29.78% 10.49% 32.38%
Pre Tax Income Margin		 -423.82% 89.73% 0.00% 19.82% 48.71% 47.28% 35.99% 42.54% 14.98% 46.26%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 9.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 9.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 9.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 9.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 186.61% 390.68% -6,454.35% 83.38% -158.23% 96.00% 94.96% 132.63% 135.42%
Augmented Payout Ratio		 0.00% 257.56% 532.14% -6,454.35% 83.38% -158.23% 96.00% 94.96% 132.63% 135.42%

Financials Breakdown Chart

Key Financial Trends

PennantPark Investment (NASDAQ: PNNT) finished fiscal Q4 2024 with a profitable quarter, but the broader pattern over the last several years shows a business that has become much more reliant on leverage and investment-related gains while operating cash flow remains inconsistent.

  • Q4 2024 net income was solid at $18.4 million, up from $3.7 million in Q3 2024 and $16.1 million in Q2 2024.
  • Revenue improved sequentially in Q4 2024 to $41.1 million from $25.0 million in Q3, helped by stronger realized and unrealized gains on investments.
  • Net interest income remained strong at $35.6 million in Q4 2024, showing the portfolio continued to generate meaningful interest income.
  • PNNT ended Q4 2024 with $59.2 million in cash, up from $55.9 million at the end of Q1 2024 and $42.8 million a year earlier in Q3 2023.
  • Common equity held relatively steady around $491 million to $502 million during 2024, suggesting book value did not collapse despite market volatility.
  • Operating cash flow was negative in Q4 2024 at $(4.7) million, after being positive in Q3 and Q2 2024.
  • PNNT continues to use debt actively; in Q4 2024 it issued $101.0 million of debt and repaid $90.0 million, indicating ongoing balance sheet refinancing rather than organic deleveraging.
  • Dividends remained a consistent cash use, with $15.7 million paid in Q4 2024 and similar levels paid throughout 2024.
  • Diluted share count stayed flat at about 65.3 million shares, so recent earnings changes were driven more by performance than by share dilution.
  • The Q4 2024 operating picture was weaker than the headline profit suggests, since net income exceeded operating cash flow by a wide margin.
  • PNNT’s earnings have been volatile year to year; for example, Q1 2023 showed a large loss of $(71.9) million, while Q4 2022 showed net income of $144.3 million, reflecting heavy dependence on investment marks.
  • Net change in cash was negative in Q4 2024 at $(9.3) million, showing that earnings did not translate into cash accumulation during the quarter.
  • Debt remains a major part of the capital structure, with total liabilities at $841.5 million in Q3 2024 versus $491.2 million of common equity, which limits financial flexibility.
  • Investment-related gains and losses have been a major swing factor across the last four years, making PNNT’s results harder to predict and less consistent than a typical operating company.

Bottom line: PNNT showed a profitable finish to 2024 and maintained a fairly stable equity base, but its cash flow profile and heavy reliance on debt and investment marks suggest a still-cyclical, valuation-sensitive business. For retail investors, the key question is whether future earnings can stay supported by interest income without being offset by weaker portfolio marks or cash flow pressure.

06/21/26 06:55 PM ETAI Generated. May Contain Errors.

PennantPark Investment Financials - Frequently Asked Questions

According to the most recent income statement we have on file, PennantPark Investment's financial year ends in September. Their financial year 2024 ended on September 30, 2024.

PennantPark Investment's net income appears to be on a downward trend, with a most recent value of $48.67 million in 2024, rising from $43.48 million in 2020. The previous period was -$28.86 million in 2023. Find out what analysts predict for PennantPark Investment in the coming months.

Over the last 4 years, PennantPark Investment's total revenue changed from $83.70 million in 2020 to $133.09 million in 2024, a change of 59.0%.

PennantPark Investment's total liabilities were at $895.18 million at the end of 2024, a 36.7% increase from 2023, and a 41.0% increase since 2021.

In the past 3 years, PennantPark Investment's cash and equivalents has ranged from $20.36 million in 2021 to $54.78 million in 2022, and is currently $49.86 million as of their latest financial filing in 2024.

Over the last 3 years, PennantPark Investment's book value per share changed from 0.00 in 2021 to 7.56 in 2024, a change of 756.4%.


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Financial statements for NASDAQ:PNNT last updated on 4/6/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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