Annual Income Statements for PennyMac Mortgage Investment Trust
This table shows PennyMac Mortgage Investment Trust's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for PennyMac Mortgage Investment Trust
This table shows PennyMac Mortgage Investment Trust's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
-5.79 |
50 |
14 |
51 |
42 |
37 |
15 |
31 |
36 |
-0.78 |
-2.92 |
Consolidated Net Income / (Loss) |
|
4.66 |
61 |
25 |
61 |
53 |
48 |
25 |
41 |
47 |
9.68 |
7.53 |
Net Income / (Loss) Continuing Operations |
|
4.66 |
61 |
25 |
61 |
53 |
56 |
35 |
41 |
47 |
9.06 |
13 |
Total Pre-Tax Income |
|
-5.48 |
39 |
47 |
118 |
40 |
32 |
29 |
27 |
55 |
-6.30 |
17 |
Total Revenue |
|
49 |
90 |
90 |
163 |
85 |
74 |
71 |
81 |
113 |
45 |
70 |
Net Interest Income / (Expense) |
|
-22 |
-26 |
-25 |
-25 |
-20 |
-28 |
-20 |
-7.44 |
-24 |
-6.05 |
-8.67 |
Total Interest Income |
|
-713 |
317 |
163 |
-21 |
-538 |
-28 |
-20 |
-3.43 |
-517 |
328 |
-8.67 |
Investment Securities Interest Income |
|
-329 |
317 |
163 |
159 |
1.06 |
144 |
152 |
177 |
2.78 |
328 |
196 |
Other Interest Income |
|
- |
- |
- |
-180 |
- |
-172 |
-172 |
-180 |
- |
- |
-205 |
Total Interest Expense |
|
-256 |
179 |
187 |
0.00 |
-367 |
0.00 |
0.00 |
0.00 |
-343 |
182 |
0.00 |
Total Non-Interest Income |
|
507 |
-48 |
115 |
185 |
256 |
102 |
91 |
84 |
286 |
-101 |
79 |
Service Charges on Deposit Accounts |
|
- |
- |
24 |
-50 |
- |
-90 |
-18 |
-67 |
- |
- |
-61 |
Other Service Charges |
|
615 |
12 |
177 |
170 |
319 |
165 |
167 |
169 |
323 |
7.12 |
162 |
Net Realized & Unrealized Capital Gains on Investments |
|
514 |
132 |
1.95 |
65 |
-278 |
54 |
-7.58 |
-18 |
-65 |
75 |
51 |
Other Non-Interest Income |
|
-418 |
-192 |
-88 |
- |
- |
-28 |
-50 |
- |
- |
-183 |
-74 |
Total Non-Interest Expense |
|
55 |
52 |
44 |
45 |
44 |
34 |
33 |
54 |
58 |
52 |
48 |
Salaries and Employee Benefits |
|
1.59 |
1.54 |
1.28 |
1.96 |
2.33 |
1.92 |
1.37 |
1.33 |
1.00 |
2.97 |
2.84 |
Other Operating Expenses |
|
53 |
50 |
42 |
43 |
42 |
32 |
32 |
53 |
57 |
49 |
45 |
Income Tax Expense |
|
-10 |
-22 |
22 |
57 |
-13 |
-15 |
3.18 |
-15 |
8.59 |
-16 |
9.47 |
Preferred Stock Dividends Declared |
|
10 |
10 |
10 |
10 |
10 |
10 |
10 |
10 |
10 |
10 |
10 |
Basic Earnings per Share |
|
($0.07) |
$0.56 |
$0.16 |
$0.59 |
$0.49 |
$0.43 |
$0.17 |
$0.36 |
$0.41 |
($0.01) |
($0.04) |
Weighted Average Basic Shares Outstanding |
|
91.43M |
88.83M |
87.27M |
86.76M |
87.37M |
86.69M |
86.85M |
86.86M |
86.82M |
86.91M |
87.01M |
Diluted Earnings per Share |
|
($0.07) |
$0.50 |
$0.16 |
$0.51 |
$0.46 |
$0.39 |
$0.17 |
$0.36 |
$0.45 |
($0.01) |
($0.04) |
Weighted Average Diluted Shares Outstanding |
|
91.43M |
113.39M |
87.27M |
111.09M |
111.70M |
111.02M |
86.85M |
86.86M |
86.82M |
86.91M |
87.01M |
Weighted Average Basic & Diluted Shares Outstanding |
|
88.89M |
87.56M |
86.76M |
86.62M |
86.65M |
86.85M |
86.86M |
86.86M |
86.86M |
87.01M |
87.02M |
Cash Dividends to Common per Share |
|
- |
$0.00 |
- |
$0.40 |
- |
$0.40 |
$0.40 |
$0.40 |
- |
$0.40 |
$0.40 |
Annual Cash Flow Statements for PennyMac Mortgage Investment Trust
This table details how cash moves in and out of PennyMac Mortgage Investment Trust's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
49 |
-18 |
-24 |
43 |
-18 |
44 |
-46 |
1.28 |
53 |
169 |
57 |
Net Cash From Operating Activities |
|
-366 |
-863 |
-622 |
223 |
-574 |
-2,985 |
672 |
-2,820 |
1,784 |
1,340 |
-2,703 |
Net Cash From Continuing Operating Activities |
|
-366 |
-863 |
-622 |
223 |
-574 |
-2,985 |
672 |
-2,820 |
1,784 |
1,340 |
-2,703 |
Net Income / (Loss) Continuing Operations |
|
195 |
90 |
76 |
118 |
153 |
226 |
52 |
57 |
-73 |
200 |
161 |
Consolidated Net Income / (Loss) |
|
195 |
90 |
76 |
118 |
153 |
226 |
52 |
57 |
-73 |
200 |
161 |
Amortization Expense |
|
8.18 |
11 |
15 |
19 |
-4.05 |
14 |
44 |
37 |
6.75 |
15 |
-0.22 |
Non-Cash Adjustments to Reconcile Net Income |
|
-491 |
-881 |
-685 |
98 |
-736 |
-3,331 |
-45 |
-2,416 |
1,810 |
992 |
-2,111 |
Changes in Operating Assets and Liabilities, net |
|
-78 |
-83 |
-27 |
-12 |
14 |
106 |
621 |
-497 |
41 |
134 |
-753 |
Net Cash From Investing Activities |
|
28 |
12 |
194 |
682 |
-1,424 |
-705 |
-15 |
1,093 |
-1,867 |
-22 |
1,360 |
Net Cash From Continuing Investing Activities |
|
28 |
12 |
194 |
682 |
-1,424 |
-705 |
-15 |
1,093 |
-1,867 |
-22 |
1,360 |
Purchase of Investment Securities |
|
-802 |
-393 |
-856 |
-405 |
-1,872 |
-1,236 |
-2,249 |
-2,229 |
-3,693 |
-3,187 |
-679 |
Sale and/or Maturity of Investments |
|
921 |
666 |
1,232 |
1,037 |
943 |
1,332 |
3,180 |
1,795 |
1,442 |
3,212 |
1,618 |
Other Investing Activities, net |
|
-92 |
-262 |
-183 |
50 |
-495 |
-801 |
-947 |
1,527 |
384 |
-47 |
421 |
Net Cash From Financing Activities |
|
387 |
833 |
404 |
-862 |
1,980 |
3,734 |
-703 |
1,728 |
136 |
-1,149 |
1,399 |
Net Cash From Continuing Financing Activities |
|
387 |
833 |
404 |
-862 |
1,980 |
3,734 |
-701 |
1,729 |
136 |
-1,149 |
1,399 |
Issuance of Debt |
|
4,247 |
7,537 |
6,738 |
7,357 |
450 |
1,519 |
850 |
3,058 |
1,327 |
2,980 |
2,483 |
Repayment of Debt |
|
-35,646 |
-56,757 |
-76,971 |
-86,272 |
-91,455 |
-141,039 |
-197,324 |
-199,202 |
-125,648 |
-124,483 |
-124,998 |
Repurchase of Common Equity |
|
0.00 |
-16 |
-98 |
-91 |
-11 |
0.00 |
-37 |
-57 |
-88 |
-28 |
0.00 |
Payment of Dividends |
|
-174 |
-173 |
-132 |
-140 |
-141 |
-166 |
-177 |
-214 |
-215 |
-182 |
-181 |
Other Financing Activities, Net |
|
31,870 |
50,243 |
70,867 |
77,975 |
93,136 |
142,581 |
195,981 |
197,894 |
124,760 |
120,564 |
124,095 |
Cash Interest Paid |
|
- |
- |
- |
- |
- |
- |
290 |
299 |
369 |
718 |
712 |
Cash Income Taxes Paid |
|
- |
- |
- |
- |
- |
- |
5.61 |
1.77 |
-5.81 |
6.52 |
7.81 |
Quarterly Cash Flow Statements for PennyMac Mortgage Investment Trust
This table details how cash moves in and out of PennyMac Mortgage Investment Trust's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Net Change in Cash & Equivalents |
|
53 |
143 |
42 |
-149 |
133 |
-155 |
-133 |
315 |
238 |
-90 |
115 |
Net Cash From Operating Activities |
|
509 |
-1,276 |
2,020 |
64 |
533 |
-342 |
244 |
-984 |
-1,621 |
-594 |
-2,016 |
Net Cash From Continuing Operating Activities |
|
509 |
-1,276 |
2,020 |
64 |
533 |
-342 |
244 |
-984 |
-1,621 |
-595 |
-2,015 |
Net Income / (Loss) Continuing Operations |
|
4.66 |
61 |
25 |
61 |
53 |
48 |
25 |
41 |
47 |
9.68 |
7.53 |
Consolidated Net Income / (Loss) |
|
4.66 |
61 |
25 |
61 |
53 |
48 |
25 |
41 |
47 |
9.68 |
7.53 |
Amortization Expense |
|
6.25 |
5.05 |
5.23 |
8.92 |
-4.41 |
3.72 |
-1.66 |
-11 |
9.01 |
-6.83 |
-0.31 |
Non-Cash Adjustments to Reconcile Net Income |
|
516 |
-1,337 |
2,038 |
50 |
242 |
-123 |
246 |
-938 |
-1,296 |
-834 |
-1,980 |
Changes in Operating Assets and Liabilities, net |
|
-18 |
-4.70 |
-48 |
-56 |
243 |
-271 |
-26 |
-76 |
-380 |
237 |
-42 |
Net Cash From Investing Activities |
|
-525 |
-123 |
-9.91 |
193 |
-82 |
771 |
-7.32 |
315 |
282 |
40 |
273 |
Net Cash From Continuing Investing Activities |
|
-525 |
14 |
-88 |
47 |
5.92 |
771 |
-145 |
416 |
527 |
40 |
273 |
Purchase of Investment Securities |
|
-416 |
-2,815 |
-227 |
-137 |
-8.12 |
-189 |
-28 |
-77 |
-169 |
-101 |
61 |
Sale and/or Maturity of Investments |
|
6.24 |
2,717 |
132 |
209 |
153 |
818 |
-87 |
401 |
271 |
148 |
230 |
Other Investing Activities, net |
|
-115 |
111 |
6.70 |
-26 |
-139 |
142 |
-30 |
93 |
425 |
-6.49 |
-18 |
Net Cash From Financing Activities |
|
69 |
1,406 |
-1,890 |
-259 |
-406 |
-583 |
-232 |
883 |
1,332 |
464 |
1,858 |
Net Cash From Continuing Financing Activities |
|
69 |
1,406 |
-1,890 |
-259 |
-406 |
-583 |
-232 |
883 |
1,332 |
464 |
1,858 |
Issuance of Debt |
|
-2,836 |
416 |
650 |
727 |
1,187 |
306 |
581 |
1,079 |
487 |
1,409 |
1,764 |
Repayment of Debt |
|
-27,245 |
-32,421 |
-33,131 |
-29,711 |
-29,220 |
-24,456 |
-32,072 |
-37,459 |
-31,317 |
-35,696 |
-37,060 |
Payment of Dividends |
|
-53 |
-46 |
-46 |
-45 |
-45 |
-45 |
-45 |
-45 |
-45 |
-45 |
-45 |
Other Financing Activities, Net |
|
30,217 |
33,464 |
30,656 |
28,770 |
27,674 |
23,612 |
31,304 |
37,308 |
32,207 |
34,796 |
37,199 |
Cash Interest Paid |
|
124 |
189 |
176 |
197 |
156 |
188 |
196 |
181 |
147 |
220 |
178 |
Cash Income Taxes Paid |
|
-1.81 |
0.00 |
4.14 |
2.00 |
0.38 |
0.05 |
7.01 |
0.48 |
0.27 |
0.11 |
1.92 |
Annual Balance Sheets for PennyMac Mortgage Investment Trust
This table presents PennyMac Mortgage Investment Trust's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
4,897 |
5,827 |
6,358 |
5,605 |
7,813 |
11,771 |
14,279 |
13,773 |
13,922 |
13,114 |
14,409 |
Cash and Due from Banks |
|
76 |
58 |
34 |
78 |
60 |
104 |
58 |
59 |
112 |
281 |
338 |
Trading Account Securities |
|
956 |
1,616 |
2,572 |
2,373 |
4,254 |
7,098 |
5,930 |
6,872 |
6,369 |
5,683 |
6,237 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
2,799 |
0.00 |
0.00 |
0.00 |
0.00 |
Customer and Other Receivables |
|
6.62 |
- |
457 |
593 |
4.08 |
1,973 |
8.15 |
1,721 |
1,325 |
1,209 |
1,111 |
Mortgage Servicing Rights |
|
2,727 |
2,556 |
1,722 |
1,089 |
446 |
271 |
295 |
1,569 |
1,513 |
1,434 |
2,194 |
Other Assets |
|
1,131 |
1,441 |
1,544 |
1,429 |
1,903 |
2,327 |
2,389 |
3,556 |
4,602 |
4,510 |
4,520 |
Total Liabilities & Shareholders' Equity |
|
4,897 |
5,827 |
6,358 |
5,605 |
7,813 |
11,771 |
11,742 |
13,773 |
13,922 |
13,114 |
14,409 |
Total Liabilities |
|
3,319 |
4,331 |
5,006 |
4,060 |
6,247 |
9,320 |
9,446 |
11,405 |
11,959 |
11,157 |
12,470 |
Accrued Interest Payable |
|
- |
- |
1.06 |
0.90 |
0.84 |
0.71 |
- |
3.70 |
4.34 |
4.11 |
6.38 |
Other Short-Term Payables |
|
- |
64 |
108 |
65 |
71 |
91 |
- |
96 |
160 |
355 |
139 |
Long-Term Debt |
|
430 |
1,062 |
901 |
599 |
1,149 |
2,383 |
2,408 |
4,494 |
4,765 |
4,848 |
5,588 |
Other Long-Term Liabilities |
|
2,889 |
3,182 |
3,838 |
3,251 |
4,891 |
6,739 |
7,038 |
6,842 |
7,157 |
5,971 |
6,717 |
Commitments & Contingencies |
|
- |
- |
0.00 |
0.00 |
0.00 |
0.00 |
- |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
1,578 |
1,496 |
1,351 |
1,545 |
1,566 |
2,451 |
2,296 |
2,368 |
1,963 |
1,957 |
1,939 |
Total Preferred & Common Equity |
|
1,578 |
1,496 |
1,351 |
1,545 |
1,566 |
2,451 |
2,296 |
2,368 |
1,963 |
1,957 |
1,939 |
Preferred Stock |
|
- |
- |
0.00 |
300 |
300 |
300 |
300 |
541 |
541 |
541 |
541 |
Total Common Equity |
|
1,578 |
1,496 |
1,351 |
1,245 |
1,266 |
2,151 |
1,996 |
1,826 |
1,421 |
1,416 |
1,397 |
Common Stock |
|
1,480 |
1,470 |
1,378 |
1,292 |
1,286 |
2,129 |
2,097 |
2,083 |
1,948 |
1,924 |
1,926 |
Retained Earnings |
|
98 |
26 |
-27 |
-47 |
-20 |
22 |
-101 |
-257 |
-527 |
-509 |
-529 |
Quarterly Balance Sheets for PennyMac Mortgage Investment Trust
This table presents PennyMac Mortgage Investment Trust's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q2 2022 |
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Q2 2025 |
Total Assets |
|
13,217 |
13,946 |
15,357 |
13,385 |
13,223 |
12,294 |
12,081 |
13,056 |
14,876 |
16,801 |
Cash and Due from Banks |
|
332 |
59 |
119 |
239 |
236 |
127 |
131 |
344 |
248 |
363 |
Trading Account Securities |
|
5,664 |
6,215 |
7,862 |
5,840 |
5,721 |
4,924 |
4,853 |
5,930 |
6,083 |
6,635 |
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 |
Customer and Other Receivables |
|
1,434 |
1,373 |
1,298 |
1,270 |
1,237 |
1,187 |
1,163 |
1,135 |
1,088 |
1,065 |
Mortgage Servicing Rights |
|
1,654 |
1,523 |
1,502 |
1,457 |
1,372 |
1,409 |
1,378 |
1,430 |
3,229 |
4,567 |
Other Assets |
|
4,137 |
4,781 |
4,581 |
4,575 |
4,658 |
4,651 |
4,560 |
4,212 |
4,225 |
4,173 |
Total Liabilities & Shareholders' Equity |
|
13,217 |
13,946 |
15,357 |
13,385 |
13,223 |
12,294 |
12,081 |
13,056 |
14,876 |
16,801 |
Total Liabilities |
|
11,147 |
11,929 |
13,386 |
11,453 |
11,274 |
10,335 |
10,141 |
11,119 |
12,974 |
14,935 |
Accrued Interest Payable |
|
4.50 |
4.41 |
4.29 |
4.22 |
4.16 |
4.05 |
4.00 |
3.94 |
12 |
18 |
Other Short-Term Payables |
|
123 |
98 |
153 |
105 |
93 |
125 |
126 |
114 |
105 |
142 |
Long-Term Debt |
|
4,914 |
4,816 |
4,741 |
5,102 |
4,728 |
4,815 |
5,049 |
5,009 |
6,429 |
7,726 |
Other Long-Term Liabilities |
|
6,250 |
7,168 |
8,610 |
6,309 |
6,496 |
5,381 |
4,953 |
5,977 |
6,426 |
7,048 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
2,071 |
2,017 |
1,971 |
1,931 |
1,949 |
1,959 |
1,940 |
1,937 |
1,903 |
1,866 |
Total Preferred & Common Equity |
|
2,071 |
2,017 |
1,971 |
1,931 |
1,949 |
1,959 |
1,940 |
1,937 |
1,903 |
1,866 |
Preferred Stock |
|
541 |
541 |
541 |
541 |
541 |
541 |
541 |
541 |
541 |
541 |
Total Common Equity |
|
1,529 |
1,476 |
1,429 |
1,390 |
1,408 |
1,417 |
1,398 |
1,395 |
1,361 |
1,324 |
Common Stock |
|
1,974 |
1,961 |
1,941 |
1,923 |
1,924 |
1,924 |
1,925 |
1,925 |
1,926 |
1,927 |
Retained Earnings |
|
-445 |
-485 |
-512 |
-533 |
-516 |
-506 |
-526 |
-530 |
-565 |
-602 |
Annual Metrics And Ratios for PennyMac Mortgage Investment Trust
This table displays calculated financial ratios and metrics derived from PennyMac Mortgage Investment Trust's official financial filings.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-12.03% |
-46.70% |
0.00% |
-68.11% |
148.57% |
119.65% |
25.51% |
-29.32% |
-27.72% |
41.23% |
-22.10% |
EBITDA Growth |
|
-16.06% |
-54.82% |
-8.90% |
-291.47% |
201.50% |
37.06% |
21.79% |
-67.19% |
-14.44% |
271.13% |
-45.05% |
EBIT Growth |
|
-16.39% |
-58.82% |
-15.74% |
-369.25% |
192.05% |
24.54% |
7.56% |
-78.22% |
41.26% |
287.39% |
-41.63% |
NOPAT Growth |
|
-2.82% |
-53.69% |
-15.86% |
55.32% |
29.77% |
48.14% |
-76.86% |
8.56% |
-228.90% |
372.43% |
-19.37% |
Net Income Growth |
|
-2.82% |
-53.69% |
0.00% |
55.32% |
29.77% |
48.14% |
-76.86% |
8.56% |
-228.90% |
372.43% |
-19.37% |
EPS Growth |
|
-16.55% |
-53.04% |
0.00% |
37.04% |
34.46% |
21.61% |
-88.84% |
-3.70% |
-584.62% |
229.37% |
-15.95% |
Operating Cash Flow Growth |
|
-50.74% |
-135.82% |
27.99% |
135.90% |
-357.14% |
-420.27% |
122.50% |
-519.82% |
163.29% |
-24.90% |
-301.68% |
Free Cash Flow Firm Growth |
|
-45.72% |
-255.62% |
181.11% |
-119.45% |
-58.87% |
-1,527.71% |
-24.80% |
118.51% |
-86.10% |
102.72% |
-556.15% |
Invested Capital Growth |
|
-4.86% |
27.52% |
-11.69% |
8.43% |
10.96% |
77.65% |
49.79% |
-5.23% |
-1.95% |
1.14% |
10.60% |
Revenue Q/Q Growth |
|
-10.76% |
-24.32% |
-48.06% |
-70.40% |
66.30% |
300.71% |
-15.59% |
-40.98% |
0.00% |
9.00% |
9.15% |
EBITDA Q/Q Growth |
|
-18.86% |
-3.34% |
10.31% |
-232.48% |
236.76% |
133.34% |
-70.63% |
3.76% |
0.00% |
15.69% |
24.71% |
EBIT Q/Q Growth |
|
-19.25% |
-5.63% |
12.65% |
-279.85% |
235.33% |
130.74% |
-74.80% |
15.59% |
0.00% |
23.06% |
11.58% |
NOPAT Q/Q Growth |
|
-11.86% |
-10.71% |
25.63% |
8.94% |
0.52% |
8.11% |
86.44% |
-63.70% |
0.00% |
31.87% |
-3.81% |
Net Income Q/Q Growth |
|
-11.86% |
-10.71% |
25.63% |
8.94% |
0.52% |
8.11% |
86.44% |
-63.70% |
0.00% |
31.87% |
-3.81% |
EPS Q/Q Growth |
|
-10.18% |
-10.08% |
30.12% |
2.07% |
2.58% |
-0.82% |
2,800.00% |
-80.74% |
0.00% |
48.18% |
-0.72% |
Operating Cash Flow Q/Q Growth |
|
-84.01% |
-69.64% |
47.72% |
-56.55% |
33.39% |
-41.88% |
80,827.88% |
-4.59% |
0.00% |
1.83% |
-392.00% |
Free Cash Flow Firm Q/Q Growth |
|
-18.93% |
-501.52% |
49.03% |
11.72% |
52.81% |
-19.50% |
-4,429.95% |
121.70% |
-99.07% |
101.88% |
-457.11% |
Invested Capital Q/Q Growth |
|
0.48% |
17.67% |
13.93% |
12.71% |
5.74% |
10.83% |
67.02% |
5.56% |
0.00% |
1.91% |
8.36% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
52.60% |
44.58% |
58.18% |
-169.19% |
69.09% |
43.11% |
41.83% |
19.42% |
22.99% |
60.41% |
42.62% |
EBIT Margin |
|
50.31% |
38.87% |
46.86% |
-191.63% |
70.96% |
40.24% |
34.48% |
10.63% |
20.77% |
56.97% |
42.68% |
Profit (Net Income) Margin |
|
54.53% |
47.38% |
57.52% |
135.69% |
70.84% |
47.78% |
8.81% |
13.53% |
-24.13% |
46.54% |
48.17% |
Tax Burden Percent |
|
108.40% |
122.91% |
122.74% |
94.54% |
96.71% |
118.73% |
65.69% |
127.30% |
-116.17% |
81.69% |
112.85% |
Interest Burden Percent |
|
100.00% |
99.18% |
100.00% |
-74.89% |
103.21% |
100.00% |
38.88% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
-8.40% |
-22.91% |
-22.74% |
5.46% |
3.29% |
-18.73% |
34.31% |
-27.30% |
216.17% |
18.31% |
-12.85% |
Return on Invested Capital (ROIC) |
|
9.45% |
3.94% |
3.14% |
5.00% |
5.91% |
5.99% |
0.87% |
0.81% |
-1.08% |
2.95% |
2.25% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
9.45% |
3.94% |
3.14% |
5.00% |
5.91% |
5.99% |
0.87% |
0.81% |
-1.08% |
2.95% |
2.25% |
Return on Net Nonoperating Assets (RNNOA) |
|
3.33% |
1.92% |
2.18% |
3.14% |
3.92% |
5.28% |
1.34% |
1.63% |
-2.31% |
7.24% |
6.02% |
Return on Equity (ROE) |
|
12.78% |
5.86% |
5.33% |
8.13% |
9.82% |
11.27% |
2.21% |
2.44% |
-3.38% |
10.19% |
8.26% |
Cash Return on Invested Capital (CROIC) |
|
14.43% |
-20.24% |
15.56% |
-3.10% |
-4.48% |
-49.94% |
-39.00% |
6.18% |
0.89% |
1.82% |
-7.82% |
Operating Return on Assets (OROA) |
|
3.90% |
1.38% |
1.01% |
-2.78% |
2.28% |
1.95% |
1.57% |
0.32% |
0.46% |
1.81% |
1.04% |
Return on Assets (ROA) |
|
4.23% |
1.68% |
1.24% |
1.97% |
2.28% |
2.31% |
0.40% |
0.41% |
-0.53% |
1.48% |
1.17% |
Return on Common Equity (ROCE) |
|
12.78% |
5.86% |
5.33% |
7.29% |
7.93% |
9.59% |
1.93% |
2.00% |
-2.54% |
7.37% |
5.97% |
Return on Equity Simple (ROE_SIMPLE) |
|
12.33% |
6.02% |
5.61% |
7.62% |
9.76% |
9.24% |
2.28% |
2.40% |
-3.73% |
10.20% |
8.30% |
Net Operating Profit after Tax (NOPAT) |
|
195 |
90 |
76 |
118 |
153 |
226 |
52 |
57 |
-73 |
200 |
161 |
NOPAT Margin |
|
54.53% |
47.38% |
57.52% |
135.69% |
70.84% |
47.78% |
8.81% |
13.53% |
-24.13% |
46.54% |
48.17% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
2.33% |
3.87% |
5.31% |
7.29% |
3.14% |
1.46% |
0.65% |
0.95% |
1.96% |
1.66% |
1.68% |
Operating Expenses to Revenue |
|
49.69% |
61.13% |
53.14% |
291.63% |
29.04% |
59.76% |
65.52% |
89.37% |
79.23% |
43.03% |
57.32% |
Earnings before Interest and Taxes (EBIT) |
|
179 |
74 |
62 |
-166 |
153 |
191 |
205 |
45 |
63 |
244 |
143 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
188 |
85 |
77 |
-147 |
149 |
204 |
249 |
82 |
70 |
259 |
142 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.35 |
0.30 |
0.36 |
0.42 |
0.50 |
0.57 |
0.58 |
0.67 |
0.61 |
0.81 |
0.78 |
Price to Tangible Book Value (P/TBV) |
|
0.35 |
0.30 |
0.36 |
0.42 |
0.50 |
0.57 |
0.58 |
0.67 |
0.61 |
0.81 |
0.78 |
Price to Revenue (P/Rev) |
|
1.54 |
2.35 |
3.72 |
6.08 |
2.91 |
2.58 |
1.94 |
2.92 |
2.86 |
2.69 |
3.27 |
Price to Earnings (P/E) |
|
2.82 |
4.96 |
6.47 |
0.00 |
4.91 |
6.06 |
42.05 |
47.33 |
0.00 |
7.30 |
9.18 |
Dividend Yield |
|
40.37% |
35.68% |
25.58% |
23.38% |
18.26% |
14.01% |
13.02% |
14.84% |
18.51% |
12.02% |
12.71% |
Earnings Yield |
|
35.43% |
20.18% |
15.46% |
0.00% |
20.37% |
16.50% |
2.38% |
2.11% |
0.00% |
13.69% |
10.90% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.45 |
0.51 |
0.60 |
0.48 |
0.32 |
0.79 |
0.14 |
0.90 |
0.90 |
0.92 |
0.91 |
Enterprise Value to Revenue (EV/Rev) |
|
2.53 |
6.87 |
10.37 |
13.65 |
4.06 |
8.02 |
1.69 |
14.76 |
19.96 |
14.59 |
20.60 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
4.81 |
15.41 |
17.82 |
0.00 |
5.88 |
18.60 |
4.04 |
76.03 |
86.84 |
24.16 |
48.34 |
Enterprise Value to EBIT (EV/EBIT) |
|
5.03 |
17.68 |
22.12 |
0.00 |
5.72 |
19.93 |
4.90 |
138.95 |
96.12 |
25.62 |
48.27 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
4.64 |
14.50 |
18.02 |
10.06 |
5.73 |
16.79 |
19.18 |
109.15 |
0.00 |
31.36 |
42.77 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
0.00 |
0.00 |
5.31 |
0.00 |
0.00 |
1.50 |
0.00 |
3.40 |
4.67 |
0.00 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
3.04 |
0.00 |
3.64 |
0.00 |
0.00 |
0.00 |
0.00 |
14.24 |
100.09 |
50.97 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.27 |
0.71 |
0.67 |
0.59 |
0.74 |
0.97 |
1.05 |
1.90 |
2.43 |
2.48 |
2.88 |
Long-Term Debt to Equity |
|
0.27 |
0.71 |
0.67 |
0.59 |
0.73 |
0.97 |
1.05 |
1.90 |
2.43 |
2.48 |
2.88 |
Financial Leverage |
|
0.35 |
0.49 |
0.69 |
0.63 |
0.66 |
0.88 |
1.54 |
2.02 |
2.14 |
2.45 |
2.68 |
Leverage Ratio |
|
3.02 |
3.49 |
4.28 |
4.13 |
4.31 |
4.88 |
5.49 |
6.02 |
6.40 |
6.90 |
7.07 |
Compound Leverage Factor |
|
3.02 |
3.46 |
4.28 |
-3.09 |
4.45 |
4.88 |
2.13 |
6.02 |
6.40 |
6.90 |
7.07 |
Debt to Total Capital |
|
21.42% |
41.58% |
40.26% |
37.02% |
42.45% |
49.30% |
51.19% |
65.50% |
70.83% |
71.24% |
74.24% |
Short-Term Debt to Total Capital |
|
0.00% |
0.12% |
0.42% |
0.05% |
0.22% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
21.42% |
41.46% |
39.84% |
36.96% |
42.23% |
49.30% |
51.19% |
65.50% |
70.83% |
71.24% |
74.24% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
12.22% |
11.01% |
6.20% |
6.37% |
7.89% |
8.05% |
7.96% |
7.19% |
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 |
|
78.58% |
58.42% |
59.74% |
50.76% |
46.54% |
44.50% |
42.44% |
26.61% |
21.13% |
20.80% |
18.56% |
Debt to EBITDA |
|
2.29 |
12.56 |
11.87 |
-6.18 |
7.75 |
11.67 |
9.68 |
55.07 |
68.24 |
18.70 |
39.23 |
Net Debt to EBITDA |
|
1.89 |
10.14 |
11.43 |
-2.43 |
-0.34 |
11.16 |
-1.80 |
54.34 |
66.63 |
17.62 |
36.86 |
Long-Term Debt to EBITDA |
|
2.29 |
12.52 |
11.75 |
-6.17 |
7.71 |
11.67 |
9.68 |
55.07 |
68.24 |
18.70 |
39.23 |
Debt to NOPAT |
|
2.21 |
11.82 |
12.01 |
7.71 |
7.56 |
10.53 |
45.98 |
79.05 |
-65.02 |
24.28 |
34.71 |
Net Debt to NOPAT |
|
1.82 |
9.54 |
11.56 |
3.03 |
-0.34 |
10.07 |
-8.57 |
78.01 |
-63.50 |
22.87 |
32.61 |
Long-Term Debt to NOPAT |
|
2.21 |
11.78 |
11.89 |
7.70 |
7.52 |
10.53 |
45.98 |
79.05 |
-65.02 |
24.28 |
34.71 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
10.35% |
19.27% |
14.92% |
12.63% |
18.04% |
25.01% |
27.63% |
27.80% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
297 |
-463 |
375 |
-73 |
-116 |
-1,887 |
-2,355 |
436 |
61 |
123 |
-560 |
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 |
|
3.47 |
-3.71 |
2.50 |
-0.48 |
-0.66 |
-6.34 |
-8.70 |
1.43 |
0.00 |
0.00 |
0.00 |
Operating Cash Flow to Interest Expense |
|
-4.28 |
-6.92 |
-4.15 |
1.47 |
-3.28 |
-10.04 |
2.48 |
-9.25 |
0.00 |
0.00 |
0.00 |
Operating Cash Flow Less CapEx to Interest Expense |
|
-4.28 |
-6.92 |
-4.15 |
1.47 |
-3.28 |
-10.04 |
2.48 |
-9.25 |
0.00 |
0.00 |
0.00 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.08 |
0.04 |
0.02 |
0.01 |
0.03 |
0.05 |
0.05 |
0.03 |
0.02 |
0.03 |
0.02 |
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 |
|
2,008 |
2,561 |
2,262 |
2,452 |
2,721 |
4,834 |
7,241 |
6,862 |
6,728 |
6,805 |
7,526 |
Invested Capital Turnover |
|
0.17 |
0.08 |
0.05 |
0.04 |
0.08 |
0.13 |
0.10 |
0.06 |
0.04 |
0.06 |
0.05 |
Increase / (Decrease) in Invested Capital |
|
-103 |
553 |
-299 |
191 |
269 |
2,113 |
2,407 |
-379 |
-134 |
77 |
721 |
Enterprise Value (EV) |
|
903 |
1,306 |
1,366 |
1,184 |
876 |
3,800 |
1,004 |
6,206 |
6,064 |
6,261 |
6,885 |
Market Capitalization |
|
549 |
447 |
490 |
527 |
628 |
1,221 |
1,154 |
1,229 |
869 |
1,153 |
1,094 |
Book Value per Share |
|
$21.29 |
$20.28 |
$20.26 |
$18.99 |
$20.78 |
$23.64 |
$20.21 |
$18.82 |
$15.98 |
$16.34 |
$16.08 |
Tangible Book Value per Share |
|
$21.29 |
$20.28 |
$20.26 |
$18.99 |
$20.78 |
$23.64 |
$20.21 |
$18.82 |
$15.98 |
$16.34 |
$16.08 |
Total Capital |
|
2,008 |
2,561 |
2,262 |
2,452 |
2,721 |
4,834 |
4,704 |
6,862 |
6,728 |
6,805 |
7,526 |
Total Debt |
|
430 |
1,065 |
911 |
908 |
1,155 |
2,383 |
2,408 |
4,494 |
4,765 |
4,848 |
5,588 |
Total Long-Term Debt |
|
430 |
1,062 |
901 |
907 |
1,149 |
2,383 |
2,408 |
4,494 |
4,765 |
4,848 |
5,588 |
Net Debt |
|
354 |
860 |
876 |
357 |
-51 |
2,279 |
-449 |
4,435 |
4,653 |
4,567 |
5,250 |
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) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
430 |
1,065 |
911 |
908 |
1,155 |
2,383 |
4,945 |
4,494 |
4,765 |
4,848 |
5,588 |
Total Depreciation and Amortization (D&A) |
|
8.18 |
11 |
15 |
19 |
-4.05 |
14 |
44 |
37 |
6.75 |
15 |
-0.22 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$2.62 |
$1.19 |
$1.09 |
$1.53 |
$2.09 |
$2.54 |
$0.27 |
$0.26 |
($1.26) |
$1.80 |
$1.37 |
Adjusted Weighted Average Basic Shares Outstanding |
|
73.50M |
74.45M |
68.64M |
66.14M |
60.90M |
78.99M |
99.37M |
97.40M |
91.43M |
87.37M |
86.82M |
Adjusted Diluted Earnings per Share |
|
$2.47 |
$1.16 |
$1.08 |
$1.48 |
$1.99 |
$2.42 |
$0.27 |
$0.26 |
($1.26) |
$1.63 |
$1.37 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
82.21M |
83.34M |
77.11M |
74.61M |
69.37M |
87.71M |
99.37M |
97.40M |
91.43M |
111.70M |
86.82M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$2.09 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
74.51M |
72.25M |
66.70M |
60.67M |
67.95M |
100.34M |
97.90M |
97.37M |
88.89M |
86.65M |
86.86M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
126 |
51 |
43 |
292 |
161 |
133 |
52 |
31 |
44 |
200 |
100 |
Normalized NOPAT Margin |
|
35.21% |
26.98% |
32.80% |
335.98% |
74.78% |
28.17% |
8.81% |
7.44% |
14.54% |
46.54% |
29.88% |
Pre Tax Income Margin |
|
50.31% |
38.55% |
46.86% |
143.52% |
73.24% |
40.24% |
13.41% |
10.63% |
20.77% |
56.97% |
42.68% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
2.10 |
0.59 |
0.41 |
-1.10 |
0.87 |
0.64 |
0.76 |
0.15 |
0.00 |
0.00 |
0.00 |
NOPAT to Interest Expense |
|
2.27 |
0.72 |
0.51 |
0.78 |
0.87 |
0.76 |
0.19 |
0.19 |
0.00 |
0.00 |
0.00 |
EBIT Less CapEx to Interest Expense |
|
2.10 |
0.59 |
0.41 |
-1.10 |
0.87 |
0.64 |
0.76 |
0.15 |
0.00 |
0.00 |
0.00 |
NOPAT Less CapEx to Interest Expense |
|
2.27 |
0.72 |
0.51 |
0.78 |
0.87 |
0.76 |
0.19 |
0.19 |
0.00 |
0.00 |
0.00 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
89.66% |
192.03% |
173.54% |
119.07% |
91.98% |
73.31% |
337.05% |
376.61% |
-293.87% |
91.38% |
112.51% |
Augmented Payout Ratio |
|
89.66% |
210.17% |
303.30% |
196.52% |
98.99% |
73.31% |
408.21% |
476.61% |
-413.93% |
105.65% |
112.51% |
Quarterly Metrics And Ratios for PennyMac Mortgage Investment Trust
This table displays calculated financial ratios and metrics derived from PennyMac Mortgage Investment Trust's official financial filings.
Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
0.00% |
10.42% |
320.71% |
8.18% |
71.72% |
-17.88% |
-26.67% |
-50.52% |
33.05% |
-39.70% |
-1.40% |
EBITDA Growth |
|
0.00% |
84.84% |
206.27% |
34.97% |
4,587.99% |
-17.68% |
-48.26% |
-88.02% |
78.59% |
-131.12% |
-39.57% |
EBIT Growth |
|
0.00% |
114.87% |
217.52% |
31.03% |
835.52% |
-16.55% |
-38.94% |
-77.59% |
36.71% |
-117.10% |
-41.42% |
NOPAT Growth |
|
0.00% |
417.30% |
188.23% |
415.59% |
1,478.82% |
-21.56% |
3.29% |
-32.59% |
-12.05% |
-109.26% |
-70.38% |
Net Income Growth |
|
0.00% |
417.30% |
134.81% |
415.59% |
1,034.70% |
-21.56% |
3.29% |
-32.59% |
-12.05% |
-79.67% |
-70.38% |
EPS Growth |
|
0.00% |
256.25% |
118.18% |
5,000.00% |
757.14% |
-22.00% |
6.25% |
-29.41% |
-2.17% |
-102.56% |
-123.53% |
Operating Cash Flow Growth |
|
0.00% |
-173.05% |
3,007.18% |
115.83% |
4.72% |
73.17% |
-87.93% |
-1,645.95% |
-404.03% |
-73.57% |
-926.74% |
Free Cash Flow Firm Growth |
|
-65.70% |
126.11% |
97.60% |
-201.59% |
-118.40% |
-105.58% |
392.27% |
96.58% |
-2,720.53% |
-10,434.39% |
-3,823.46% |
Invested Capital Growth |
|
-1.95% |
-2.96% |
0.69% |
0.00% |
1.14% |
0.93% |
-0.63% |
4.01% |
10.60% |
22.99% |
37.23% |
Revenue Q/Q Growth |
|
-67.32% |
83.05% |
0.10% |
80.68% |
-48.13% |
-12.47% |
-10.61% |
21.91% |
39.48% |
-60.33% |
56.88% |
EBITDA Q/Q Growth |
|
-99.19% |
5,624.80% |
18.76% |
144.52% |
-71.80% |
0.53% |
-25.36% |
-43.40% |
320.48% |
-121.44% |
258.78% |
EBIT Q/Q Growth |
|
-106.07% |
807.79% |
20.75% |
152.75% |
-65.95% |
-19.69% |
-11.65% |
-7.25% |
107.75% |
-112.55% |
420.01% |
NOPAT Q/Q Growth |
|
-132.21% |
1,681.72% |
-59.43% |
149.44% |
-13.86% |
-10.02% |
-46.58% |
62.80% |
12.38% |
-109.48% |
270.87% |
Net Income Q/Q Growth |
|
-60.86% |
1,201.67% |
-59.43% |
149.44% |
-13.86% |
-10.02% |
-46.58% |
62.80% |
12.38% |
-79.20% |
-22.17% |
EPS Q/Q Growth |
|
-800.00% |
814.29% |
-68.00% |
218.75% |
-9.80% |
-15.22% |
-56.41% |
111.76% |
25.00% |
-102.22% |
-300.00% |
Operating Cash Flow Q/Q Growth |
|
226.59% |
-350.75% |
258.26% |
-96.85% |
737.57% |
-164.23% |
171.21% |
-503.53% |
-64.72% |
63.33% |
-239.17% |
Free Cash Flow Firm Q/Q Growth |
|
-98.00% |
104.24% |
-108.98% |
-27,648.40% |
99.64% |
38.03% |
570.08% |
-425.06% |
-197.86% |
-131.45% |
-66.15% |
Invested Capital Q/Q Growth |
|
0.00% |
-0.24% |
4.79% |
-5.06% |
1.91% |
-0.45% |
3.18% |
-0.63% |
8.36% |
10.70% |
15.13% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
1.55% |
48.53% |
57.58% |
77.92% |
42.36% |
48.65% |
40.62% |
18.86% |
56.86% |
-30.73% |
31.10% |
EBIT Margin |
|
-11.10% |
42.94% |
51.80% |
72.46% |
47.56% |
43.64% |
43.13% |
32.81% |
48.87% |
-15.46% |
31.54% |
Profit (Net Income) Margin |
|
9.45% |
67.17% |
27.22% |
37.58% |
62.41% |
64.16% |
38.34% |
51.21% |
41.26% |
21.63% |
10.73% |
Tax Burden Percent |
|
-85.06% |
156.43% |
52.56% |
51.87% |
131.22% |
147.02% |
88.90% |
156.05% |
84.42% |
-153.68% |
44.30% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
91.05% |
76.82% |
Effective Tax Rate |
|
0.00% |
-56.43% |
47.44% |
48.13% |
-31.22% |
-47.02% |
11.10% |
-56.05% |
15.58% |
0.00% |
55.70% |
Return on Invested Capital (ROIC) |
|
-0.35% |
3.08% |
1.48% |
4.43% |
3.96% |
3.93% |
2.13% |
2.30% |
1.92% |
-0.40% |
0.39% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
-0.16% |
3.08% |
1.48% |
4.43% |
3.96% |
3.93% |
2.13% |
2.30% |
1.92% |
-0.15% |
0.39% |
Return on Net Nonoperating Assets (RNNOA) |
|
-0.35% |
6.93% |
3.71% |
5.28% |
9.70% |
9.55% |
5.57% |
5.77% |
5.15% |
-0.43% |
1.32% |
Return on Equity (ROE) |
|
-0.70% |
10.01% |
5.19% |
9.71% |
13.66% |
13.48% |
7.70% |
8.07% |
7.08% |
-0.83% |
1.71% |
Cash Return on Invested Capital (CROIC) |
|
0.89% |
3.10% |
0.76% |
-195.47% |
1.82% |
1.84% |
3.30% |
-1.48% |
-7.82% |
-18.99% |
-30.12% |
Operating Return on Assets (OROA) |
|
-0.24% |
0.97% |
1.48% |
2.10% |
1.51% |
1.30% |
1.32% |
0.76% |
1.19% |
-0.35% |
0.66% |
Return on Assets (ROA) |
|
0.21% |
1.51% |
0.78% |
1.09% |
1.98% |
1.92% |
1.17% |
1.19% |
1.00% |
0.49% |
0.23% |
Return on Common Equity (ROCE) |
|
-0.52% |
7.42% |
3.78% |
7.06% |
9.89% |
9.77% |
5.55% |
5.82% |
5.11% |
-0.59% |
1.23% |
Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
0.33% |
5.28% |
7.77% |
0.00% |
9.52% |
9.66% |
8.64% |
0.00% |
6.47% |
5.64% |
Net Operating Profit after Tax (NOPAT) |
|
-3.84 |
61 |
25 |
61 |
53 |
48 |
25 |
41 |
47 |
-4.41 |
7.53 |
NOPAT Margin |
|
-7.77% |
67.17% |
27.22% |
37.58% |
62.41% |
64.16% |
38.34% |
51.21% |
41.26% |
-9.85% |
10.73% |
Net Nonoperating Expense Percent (NNEP) |
|
-0.18% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
-0.25% |
0.00% |
SG&A Expenses to Revenue |
|
3.21% |
1.70% |
1.41% |
1.20% |
2.75% |
2.58% |
2.06% |
1.64% |
0.88% |
6.64% |
4.04% |
Operating Expenses to Revenue |
|
111.10% |
57.06% |
48.20% |
27.54% |
52.44% |
56.36% |
56.87% |
67.19% |
51.13% |
115.46% |
68.46% |
Earnings before Interest and Taxes (EBIT) |
|
-5.48 |
39 |
47 |
118 |
40 |
32 |
29 |
27 |
55 |
-6.92 |
22 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
0.77 |
44 |
52 |
127 |
36 |
36 |
27 |
15 |
64 |
-14 |
22 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.61 |
0.64 |
0.73 |
0.66 |
0.81 |
0.85 |
0.83 |
0.86 |
0.78 |
0.91 |
0.82 |
Price to Tangible Book Value (P/TBV) |
|
0.61 |
0.64 |
0.73 |
0.66 |
0.81 |
0.85 |
0.83 |
0.86 |
0.78 |
0.91 |
0.82 |
Price to Revenue (P/Rev) |
|
2.86 |
2.94 |
2.68 |
2.37 |
2.69 |
2.91 |
2.99 |
3.93 |
3.27 |
4.04 |
3.57 |
Price to Earnings (P/E) |
|
0.00 |
0.00 |
17.00 |
8.50 |
7.30 |
8.30 |
7.98 |
9.59 |
9.18 |
15.17 |
17.13 |
Dividend Yield |
|
18.51% |
17.53% |
14.91% |
15.55% |
12.02% |
11.54% |
11.96% |
11.54% |
12.71% |
11.28% |
12.83% |
Earnings Yield |
|
0.00% |
0.00% |
5.88% |
11.76% |
13.69% |
12.05% |
12.53% |
10.43% |
10.90% |
6.59% |
5.84% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.90 |
0.91 |
0.91 |
0.89 |
0.92 |
0.95 |
0.95 |
0.92 |
0.91 |
0.95 |
0.94 |
Enterprise Value to Revenue (EV/Rev) |
|
19.96 |
19.47 |
16.86 |
15.16 |
14.59 |
15.58 |
17.03 |
20.93 |
20.60 |
26.10 |
29.60 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
86.84 |
67.60 |
33.64 |
26.63 |
24.16 |
25.58 |
29.26 |
56.12 |
48.34 |
94.14 |
128.06 |
Enterprise Value to EBIT (EV/EBIT) |
|
96.12 |
72.55 |
37.68 |
30.04 |
25.62 |
27.03 |
30.14 |
50.14 |
48.27 |
83.50 |
112.92 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
930.09 |
63.07 |
39.40 |
31.36 |
34.47 |
35.34 |
38.30 |
42.77 |
64.64 |
85.49 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
3.40 |
0.00 |
7.56 |
4.53 |
4.67 |
2.83 |
13.29 |
0.00 |
0.00 |
0.00 |
0.00 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
100.09 |
28.77 |
120.27 |
0.00 |
50.97 |
51.81 |
28.59 |
0.00 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
2.43 |
2.41 |
2.64 |
2.43 |
2.48 |
2.46 |
2.60 |
2.59 |
2.88 |
3.38 |
4.14 |
Long-Term Debt to Equity |
|
2.43 |
2.41 |
2.64 |
2.43 |
2.48 |
2.46 |
2.60 |
2.59 |
2.88 |
3.38 |
4.14 |
Financial Leverage |
|
2.14 |
2.25 |
2.50 |
1.19 |
2.45 |
2.43 |
2.62 |
2.51 |
2.68 |
2.91 |
3.36 |
Leverage Ratio |
|
6.40 |
6.62 |
6.65 |
6.85 |
6.90 |
7.04 |
6.58 |
6.76 |
7.07 |
7.04 |
7.59 |
Compound Leverage Factor |
|
6.40 |
6.62 |
6.65 |
6.85 |
6.90 |
7.04 |
6.58 |
6.76 |
7.07 |
6.41 |
5.83 |
Debt to Total Capital |
|
70.83% |
70.64% |
72.54% |
70.81% |
71.24% |
71.08% |
72.25% |
72.11% |
74.24% |
77.16% |
80.55% |
Short-Term Debt 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% |
Long-Term Debt to Total Capital |
|
70.83% |
70.64% |
72.54% |
70.81% |
71.24% |
71.08% |
72.25% |
72.11% |
74.24% |
77.16% |
80.55% |
Preferred Equity to Total Capital |
|
8.05% |
8.07% |
7.70% |
8.11% |
7.96% |
7.99% |
7.75% |
7.80% |
7.19% |
6.50% |
5.65% |
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 |
|
21.13% |
21.29% |
19.76% |
21.08% |
20.80% |
20.92% |
20.01% |
20.09% |
18.56% |
16.34% |
13.81% |
Debt to EBITDA |
|
68.24 |
52.70 |
26.71 |
21.11 |
18.70 |
19.15 |
22.31 |
43.85 |
39.23 |
76.09 |
110.06 |
Net Debt to EBITDA |
|
66.63 |
51.38 |
25.46 |
20.05 |
17.62 |
18.65 |
21.74 |
40.84 |
36.86 |
73.15 |
104.89 |
Long-Term Debt to EBITDA |
|
68.24 |
52.70 |
26.71 |
21.11 |
18.70 |
19.15 |
22.31 |
43.85 |
39.23 |
76.09 |
110.06 |
Debt to NOPAT |
|
-65.02 |
725.04 |
50.07 |
31.23 |
24.28 |
25.81 |
26.95 |
29.93 |
34.71 |
52.24 |
73.47 |
Net Debt to NOPAT |
|
-63.50 |
706.89 |
47.73 |
29.67 |
22.87 |
25.13 |
26.25 |
27.87 |
32.61 |
50.23 |
70.02 |
Long-Term Debt to NOPAT |
|
-65.02 |
725.04 |
50.07 |
31.23 |
24.28 |
25.81 |
26.95 |
29.93 |
34.71 |
52.24 |
73.47 |
Noncontrolling Interest Sharing Ratio |
|
25.01% |
25.83% |
27.06% |
27.30% |
27.63% |
27.56% |
27.97% |
27.87% |
27.80% |
28.04% |
28.46% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
130 |
266 |
-24 |
-6,616 |
-24 |
-15 |
70 |
-227 |
-675 |
-1,562 |
-2,595 |
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 |
|
0.00 |
1.48 |
-0.13 |
0.00 |
0.00 |
-0.09 |
0.41 |
0.00 |
0.00 |
-8.57 |
0.00 |
Operating Cash Flow to Interest Expense |
|
0.00 |
-7.12 |
10.78 |
0.00 |
0.00 |
-2.00 |
1.42 |
0.00 |
0.00 |
-3.26 |
0.00 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
-7.12 |
10.78 |
0.00 |
0.00 |
-2.00 |
1.42 |
0.00 |
0.00 |
-3.26 |
0.00 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.02 |
0.02 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.02 |
0.02 |
0.02 |
0.02 |
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 |
|
6,728 |
6,712 |
7,034 |
6,677 |
6,805 |
6,774 |
6,989 |
6,945 |
7,526 |
8,331 |
9,592 |
Invested Capital Turnover |
|
0.04 |
0.05 |
0.05 |
0.12 |
0.06 |
0.06 |
0.06 |
0.05 |
0.05 |
0.04 |
0.04 |
Increase / (Decrease) in Invested Capital |
|
-134 |
-205 |
48 |
6,677 |
77 |
62 |
-44 |
268 |
721 |
1,557 |
2,602 |
Enterprise Value (EV) |
|
6,064 |
6,082 |
6,426 |
5,965 |
6,261 |
6,432 |
6,622 |
6,410 |
6,885 |
7,954 |
8,989 |
Market Capitalization |
|
869 |
918 |
1,021 |
932 |
1,153 |
1,201 |
1,161 |
1,204 |
1,094 |
1,232 |
1,085 |
Book Value per Share |
|
$15.98 |
$16.08 |
$15.88 |
$16.22 |
$16.34 |
$16.35 |
$16.10 |
$16.06 |
$16.08 |
$15.67 |
$15.22 |
Tangible Book Value per Share |
|
$15.98 |
$16.08 |
$15.88 |
$16.22 |
$16.34 |
$16.35 |
$16.10 |
$16.06 |
$16.08 |
$15.67 |
$15.22 |
Total Capital |
|
6,728 |
6,712 |
7,034 |
6,677 |
6,805 |
6,774 |
6,989 |
6,945 |
7,526 |
8,331 |
9,592 |
Total Debt |
|
4,765 |
4,741 |
5,102 |
4,728 |
4,848 |
4,815 |
5,049 |
5,009 |
5,588 |
6,429 |
7,726 |
Total Long-Term Debt |
|
4,765 |
4,741 |
5,102 |
4,728 |
4,848 |
4,815 |
5,049 |
5,009 |
5,588 |
6,429 |
7,726 |
Net Debt |
|
4,653 |
4,622 |
4,863 |
4,492 |
4,567 |
4,689 |
4,919 |
4,664 |
5,250 |
6,181 |
7,363 |
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) |
|
-8.50 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
-14 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
4,765 |
4,741 |
5,102 |
4,728 |
4,848 |
4,815 |
5,049 |
5,009 |
5,588 |
6,429 |
7,726 |
Total Depreciation and Amortization (D&A) |
|
6.25 |
5.05 |
5.23 |
8.92 |
-4.41 |
3.72 |
-1.66 |
-11 |
9.01 |
-6.83 |
-0.31 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
($0.07) |
$0.56 |
$0.16 |
$0.59 |
$0.49 |
$0.43 |
$0.17 |
$0.36 |
$0.41 |
($0.01) |
($0.04) |
Adjusted Weighted Average Basic Shares Outstanding |
|
91.43M |
88.83M |
87.27M |
86.76M |
87.37M |
86.69M |
86.85M |
86.86M |
86.82M |
86.91M |
87.01M |
Adjusted Diluted Earnings per Share |
|
($0.07) |
$0.50 |
$0.16 |
$0.51 |
$0.46 |
$0.39 |
$0.17 |
$0.36 |
$0.45 |
($0.01) |
($0.04) |
Adjusted Weighted Average Diluted Shares Outstanding |
|
91.43M |
113.39M |
87.27M |
111.09M |
111.70M |
111.02M |
86.85M |
86.86M |
86.82M |
86.91M |
87.01M |
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 |
|
88.89M |
87.56M |
86.76M |
86.62M |
86.65M |
86.85M |
86.86M |
86.86M |
86.86M |
87.01M |
87.02M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
-3.84 |
27 |
25 |
61 |
28 |
23 |
25 |
19 |
47 |
-4.41 |
12 |
Normalized NOPAT Margin |
|
-7.77% |
30.06% |
27.22% |
37.58% |
33.29% |
30.55% |
38.34% |
22.97% |
41.26% |
-9.85% |
16.96% |
Pre Tax Income Margin |
|
-11.10% |
42.94% |
51.80% |
72.46% |
47.56% |
43.64% |
43.13% |
32.81% |
48.87% |
-14.08% |
24.22% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.00 |
0.22 |
0.25 |
0.00 |
0.00 |
0.19 |
0.17 |
0.00 |
0.00 |
-0.04 |
0.00 |
NOPAT to Interest Expense |
|
0.00 |
0.34 |
0.13 |
0.00 |
0.00 |
0.28 |
0.15 |
0.00 |
0.00 |
-0.02 |
0.00 |
EBIT Less CapEx to Interest Expense |
|
0.00 |
0.22 |
0.25 |
0.00 |
0.00 |
0.19 |
0.17 |
0.00 |
0.00 |
-0.04 |
0.00 |
NOPAT Less CapEx to Interest Expense |
|
0.00 |
0.34 |
0.13 |
0.00 |
0.00 |
0.28 |
0.15 |
0.00 |
0.00 |
-0.02 |
0.00 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
-293.87% |
3,153.80% |
194.20% |
125.40% |
91.38% |
97.30% |
96.61% |
108.19% |
112.51% |
147.26% |
172.32% |
Augmented Payout Ratio |
|
-413.93% |
4,128.35% |
247.94% |
152.65% |
105.65% |
108.52% |
97.40% |
109.08% |
112.51% |
147.26% |
172.32% |
Key Financial Trends
PennyMac Mortgage Investment Trust (PMT) has experienced significant volatility and changes in its financial results over the last several years through Q2 2025. Here are the key financial trends and takeaways for retail investors:
- Improving Net Income: The consolidated net income shows a recovery from negative results in 2022 to positive earnings in recent quarters, though Q2 2025 reports a consolidated net loss attributable to common shareholders (-$2.9M), affected by preferred dividends.
- Steady Preferred Dividends: Preferred stock dividends have remained stable around $10.45 million each quarter, indicating steady preferred shareholder payments.
- Non-Interest Income Stability: Non-interest income, including service charges and capital gains/losses, has fluctuated but remained a meaningful contributor to total revenues.
- Maintained Dividends on Common Stock: The company has consistently paid $0.40 per share in cash dividends, supporting shareholder returns despite earnings fluctuations.
- Growth in Assets: Total assets increased from about $13 billion in early 2022 to $16.8 billion by Q2 2025, reflecting growth in trading securities and other assets.
- Large Fluctuations in Net Interest Income: Net interest income has swung dramatically, often reflecting losses quarter-to-quarter due to interest rate environment and investment income volatility.
- High Debt Levels: Long-term debt has increased from around $4.7 billion in early 2023 to $7.7 billion in Q2 2025, contributing to leverage but also fueling growth.
- Negative Retained Earnings: The company has maintained negative retained earnings (over -$600 million by Q2 2025), indicating accumulated losses over time despite current earnings.
- Negative EPS in Recent Quarters: Basic and diluted earnings per share declined to -$0.04 in Q2 2025, despite positive net income continuing operations, due to preferred dividends offsetting common earnings.
- Challenging Cash Flow from Operations: Operating cash flow was significantly negative in Q2 2025 (-$2.02 billion), reflecting large adjustments and changes in operating assets/liabilities, which could impact liquidity and operational flexibility.
Overall, PennyMac Mortgage Investment Trust is showing signs of recovery since the losses in 2022 but faces challenges from fluctuating interest income, high leverage, and pressure on earnings per share attributable to common shareholders. The company continues to grow its asset base and maintains steady dividends, but investors should remain cautious about the volatility in profitability and cash flows.
08/24/25 06:56 AMAI Generated. May Contain Errors.