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PennyMac Mortgage Investment Trust (PMT) Financials

PennyMac Mortgage Investment Trust logo
$12.42 +0.07 (+0.53%)
Closing price 06/20/2025 03:59 PM Eastern
Extended Trading
$12.28 -0.15 (-1.18%)
As of 06/20/2025 05:11 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 Polygon.io. Learn more.
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Annual Income Statements for PennyMac Mortgage Investment Trust

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.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 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		 195 90 76 -188 128 201 27 26 -115 158 119
Consolidated Net Income / (Loss)		 195 90 76 118 153 226 52 57 -73 200 161
Net Income / (Loss) Continuing Operations		 195 0.00 76 -173 148 226 178 57 -73 200 161
Total Pre-Tax Income 		179 73 62 125 158 191 80 45 63 244 143
Total Revenue		 357 190 132 87 216 474 595 420 304 429 334
Net Interest Income / (Expense)		 87 77 72 44 48 20 -49 -109 -27 -96 -79
Total Interest Income		 172 201 222 195 223 318 222 721 -0.59 -79 -65
Investment Securities Interest Income		 172 201 222 195 223 318 222 721 384 640 635
Other Interest Income		 - -0.60 - - - - - - -384 -719 -700
Total Interest Expense		 86 125 150 151 175 297 271 305 0.00 0.00 0.00
Total Non-Interest Income		 270 114 59 43 168 453 643 3.55 304 508 399
Service Charges on Deposit Accounts		 - - - - - 81 602 - -205 -93 -227
Other Service Charges		 65 28 -32 -116 48 398 766 240 679 678 660
Net Realized & Unrealized Capital Gains on Investments		 237 105 114 156 82 433 -730 391 -183 -79 -37
Other Non-Interest Income		 -32 -19 -22 2.86 38 -458 5.47 -628 14 1.78 2.19
Total Non-Interest Expense		 177 116 70 253 63 283 390 376 241 185 192
Salaries and Employee Benefits		 8.33 7.37 7.00 6.32 6.78 6.90 3.89 4.00 5.94 7.11 5.61
Other Operating Expenses		 169 109 63 63 47 276 386 372 235 178 186
Income Tax Expense		 -15 -17 -14 6.80 5.19 -36 27 -12 136 45 -18
Preferred Stock Dividends Declared		 - 0.00 0.00 15 25 25 25 31 42 42 42
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
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
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
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
Weighted Average Basic & Diluted Shares Outstanding		 74.30M 75.70M 66.70M 67M 61.20M 100.34M 97.90M 97.37M 88.89M 86.65M 86.86M
Cash Dividends to Common per Share		 $2.40 $2.16 $1.88 $1.88 $1.88 $1.88 - $0.00 $1.81 $1.60 $1.60

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 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		 1.46 -5.79 50 14 51 42 37 15 31 36 -0.78
Consolidated Net Income / (Loss)		 12 4.66 61 25 61 53 48 25 41 47 9.68
Net Income / (Loss) Continuing Operations		 12 4.66 61 25 61 53 56 25 41 47 9.06
Total Pre-Tax Income 		90 -5.48 39 47 118 40 32 29 27 55 -6.30
Total Revenue		 151 49 90 90 163 85 74 66 81 113 45
Net Interest Income / (Expense)		 -4.42 -22 -26 -25 -25 -20 -28 -20 -7.44 -24 -6.05
Total Interest Income		 273 -713 317 163 -21 -538 -28 152 -3.43 -517 328
Investment Securities Interest Income		 273 -329 317 163 159 1.06 144 152 177 2.78 328
Total Interest Expense		 114 -256 179 187 0.00 -367 0.00 172 0.00 -343 182
Long-Term Debt Interest Expense		 114 - 179 187 - - - 172 - - 182
Total Non-Interest Income		 -7.50 507 -48 115 185 256 102 86 84 286 -101
Other Service Charges		 18 615 12 177 170 319 165 163 169 323 7.12
Net Realized & Unrealized Capital Gains on Investments		 -249 514 132 1.95 65 -278 54 -7.58 -18 -65 75
Other Non-Interest Income		 224 -418 -192 -88 - - -28 -50 - - -183
Total Non-Interest Expense		 61 55 52 44 45 44 34 38 54 58 52
Salaries and Employee Benefits		 1.37 1.59 1.54 1.28 1.96 2.33 1.92 1.37 1.33 1.00 2.97
Other Operating Expenses		 59 53 50 42 43 42 32 36 53 57 49
Income Tax Expense		 78 -10 -22 22 57 -13 -15 3.18 -15 8.59 -16
Preferred Stock Dividends Declared		 10 10 10 10 10 10 10 10 10 10 10
Basic Earnings per Share		 $0.01 ($0.07) $0.56 $0.16 $0.59 $0.49 $0.43 $0.17 $0.36 $0.41 ($0.01)
Weighted Average Basic Shares Outstanding		 90.59M 91.43M 88.83M 87.27M 86.76M 87.37M 86.69M 86.85M 86.86M 86.82M 86.91M
Diluted Earnings per Share		 $0.01 ($0.07) $0.50 $0.16 $0.51 $0.46 $0.39 $0.17 $0.36 $0.45 ($0.01)
Weighted Average Diluted Shares Outstanding		 90.59M 91.43M 113.39M 87.27M 111.09M 111.70M 111.02M 86.85M 86.86M 86.82M 86.91M
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
Cash Dividends to Common per Share		 $0.00 - $0.00 - $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
Period end date 12/31/2014 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		 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 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		 -273 53 143 42 -149 133 -155 -133 315 238 -90
Net Cash From Operating Activities		 -402 509 -1,276 2,020 64 533 -342 244 -984 -1,621 -594
Net Cash From Continuing Operating Activities		 -402 509 -1,276 2,020 64 533 -342 244 -984 -1,621 -595
Net Income / (Loss) Continuing Operations		 12 4.66 61 25 61 53 48 25 41 47 9.68
Consolidated Net Income / (Loss)		 12 4.66 61 25 61 53 48 25 41 47 9.68
Amortization Expense		 3.97 6.25 5.05 5.23 8.92 -4.41 3.72 -1.66 -11 9.01 -6.83
Non-Cash Adjustments to Reconcile Net Income		 -506 516 -1,337 2,038 50 242 -123 246 -938 -1,296 -834
Changes in Operating Assets and Liabilities, net		 88 -18 -4.70 -48 -56 243 -271 -26 -76 -380 237
Net Cash From Investing Activities		 -558 -525 -123 -9.91 193 -82 771 -7.32 315 282 40
Net Cash From Continuing Investing Activities		 -558 -525 14 -88 47 5.92 771 -145 416 527 40
Purchase of Investment Securities		 -598 -416 -2,815 -227 -137 -8.12 -189 -28 -77 -169 -101
Sale and/or Maturity of Investments		 112 6.24 2,717 132 209 153 818 -87 401 271 148
Other Investing Activities, net		 -72 -115 111 6.70 -26 -139 142 -30 93 425 -6.49
Net Cash From Financing Activities		 687 69 1,406 -1,890 -259 -406 -583 -232 883 1,332 464
Net Cash From Continuing Financing Activities		 687 69 1,406 -1,890 -259 -406 -583 -232 883 1,332 464
Issuance of Debt		 1,159 -2,836 416 650 727 1,187 306 581 1,079 487 1,409
Repayment of Debt		 -33,550 -27,245 -32,421 -33,131 -29,711 -29,220 -24,456 -32,072 -37,459 -31,317 -35,696
Repurchase of Common Equity		 -13 -14 -7.56 -19 - -1.48 0.00 - - - 0.00
Payment of Dividends		 -53 -53 -46 -46 -45 -45 -45 -45 -45 -45 -45
Other Financing Activities, Net		 33,145 30,217 33,464 30,656 28,770 27,674 23,612 31,304 37,308 32,207 34,796
Cash Interest Paid		 109 124 189 176 197 156 188 196 181 147 220
Cash Income Taxes Paid		 0.01 -1.81 0.00 4.14 2.00 0.38 0.05 7.01 0.48 0.27 0.11

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
Period end date 12/31/2014 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		 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
Period end date 6/30/2022 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		 13,217 13,946 15,357 13,385 13,223 12,294 12,081 13,056 14,876
Cash and Due from Banks		 332 59 119 239 236 127 131 344 248
Trading Account Securities		 5,664 6,215 7,862 5,840 5,721 4,924 4,853 5,930 6,083
Loans and Leases, Net of Allowance		 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
Mortgage Servicing Rights		 1,654 1,523 1,502 1,457 1,372 1,409 1,378 1,430 3,229
Other Assets		 4,137 4,781 4,581 4,575 4,658 4,651 4,560 4,212 4,225
Total Liabilities & Shareholders' Equity		 13,217 13,946 15,357 13,385 13,223 12,294 12,081 13,056 14,876
Total Liabilities		 11,147 11,929 13,386 11,453 11,274 10,335 10,141 11,119 12,974
Accrued Interest Payable		 4.50 4.41 4.29 4.22 4.16 4.05 4.00 3.94 12
Other Short-Term Payables		 123 98 153 105 93 125 126 114 105
Long-Term Debt		 4,914 4,816 4,741 5,102 4,728 4,815 5,049 5,009 6,429
Other Long-Term Liabilities		 6,250 7,168 8,610 6,309 6,496 5,381 4,953 5,977 6,426
Commitments & Contingencies		 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
Total Preferred & Common Equity		 2,071 2,017 1,971 1,931 1,949 1,959 1,940 1,937 1,903
Preferred Stock		 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
Common Stock		 1,974 1,961 1,941 1,923 1,924 1,924 1,925 1,925 1,926
Retained Earnings		 -445 -485 -512 -533 -516 -506 -526 -530 -565

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
Period end date 12/31/2014 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		 -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 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		 0.00% 0.00% 10.42% 320.71% 8.18% 71.72% -17.88% -26.67% -50.52% 33.05% -39.70%
EBITDA Growth		 194.82% 0.00% 84.84% 206.27% 34.97% 4,587.99% -17.68% -48.26% -88.02% 78.59% -131.12%
EBIT Growth		 183.72% 0.00% 114.87% 217.52% 31.03% 835.52% -16.55% -38.94% -77.59% 36.71% -117.10%
NOPAT Growth		 141.86% 0.00% 417.30% 188.23% 415.59% 1,478.82% -21.56% 3.29% -32.59% -12.05% -109.26%
Net Income Growth		 0.00% 0.00% 417.30% 134.81% 415.59% 1,034.70% -21.56% 3.29% -32.59% -12.05% -79.67%
EPS Growth		 0.00% 0.00% 256.25% 118.18% 5,000.00% 757.14% -22.00% 6.25% -29.41% -2.17% -102.56%
Operating Cash Flow Growth		 -361.84% 0.00% -173.05% 3,007.18% 115.83% 4.72% 73.17% -87.93% -1,645.95% -404.03% -73.57%
Free Cash Flow Firm Growth		 396.89% -65.70% 126.11% 97.60% -201.59% -118.40% -105.58% 392.27% 96.58% -2,720.53% -10,434.39%
Invested Capital Growth		 -100.00% -1.95% -2.96% 0.69% 0.00% 1.14% 0.93% -0.63% 4.01% 10.60% 22.99%
Revenue Q/Q Growth		 602.63% -67.32% 83.05% 0.10% 80.68% -48.13% -12.47% -10.61% 21.91% 39.48% -60.33%
EBITDA Q/Q Growth		 292.53% -99.19% 5,624.80% 18.76% 144.52% -71.80% 0.53% -25.36% -43.40% 320.48% -121.44%
EBIT Q/Q Growth		 326.70% -106.07% 807.79% 20.75% 152.75% -65.95% -19.69% -11.65% -7.25% 107.75% -112.55%
NOPAT Q/Q Growth		 142.69% -132.21% 1,681.72% -59.43% 149.44% -13.86% -10.02% -46.58% 62.80% 12.38% -109.48%
Net Income Q/Q Growth		 116.84% -60.86% 1,201.67% -59.43% 149.44% -13.86% -10.02% -46.58% 62.80% 12.38% -79.20%
EPS Q/Q Growth		 101.14% -800.00% 814.29% -68.00% 218.75% -9.80% -15.22% -56.41% 111.76% 25.00% -102.22%
Operating Cash Flow Q/Q Growth		 -478.70% 226.59% -350.75% 258.26% -96.85% 737.57% -164.23% 171.21% -503.53% -64.72% 63.33%
Free Cash Flow Firm Q/Q Growth		 755.36% -98.00% 104.24% -108.98% -27,648.40% 99.64% 38.03% 570.08% -425.06% -197.86% -131.45%
Invested Capital Q/Q Growth		 -100.00% 0.00% -0.24% 4.79% -5.06% 1.91% -0.45% 3.18% -0.63% 8.36% 10.70%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 62.46% 1.55% 48.53% 57.58% 77.92% 42.36% 48.65% 40.62% 18.86% 56.86% -30.73%
EBIT Margin		 59.83% -11.10% 42.94% 51.80% 72.46% 47.56% 43.64% 43.13% 32.81% 48.87% -15.46%
Profit (Net Income) Margin		 7.89% 9.45% 67.17% 27.22% 37.58% 62.41% 64.16% 38.34% 51.21% 41.26% 21.63%
Tax Burden Percent		 13.18% -85.06% 156.43% 52.56% 51.87% 131.22% 147.02% 88.90% 156.05% 84.42% -153.68%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 91.05%
Effective Tax Rate		 86.82% 0.00% -56.43% 47.44% 48.13% -31.22% -47.02% 11.10% -56.05% 15.58% 0.00%
Return on Invested Capital (ROIC)		 0.00% -0.35% 3.08% 1.48% 4.43% 3.96% 3.93% 2.13% 2.30% 1.92% -0.40%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -0.16% 3.08% 1.48% 4.43% 3.96% 3.93% 2.13% 2.30% 1.92% -0.15%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -0.35% 6.93% 3.71% 5.28% 9.70% 9.55% 5.57% 5.77% 5.15% -0.43%
Return on Equity (ROE)		 0.00% -0.70% 10.01% 5.19% 9.71% 13.66% 13.48% 7.70% 8.07% 7.08% -0.83%
Cash Return on Invested Capital (CROIC)		 200.00% 0.89% 3.10% 0.76% -195.47% 1.82% 1.84% 3.30% -1.48% -7.82% -18.99%
Operating Return on Assets (OROA)		 0.00% -0.24% 0.97% 1.48% 2.10% 1.51% 1.30% 1.32% 0.76% 1.19% -0.35%
Return on Assets (ROA)		 0.00% 0.21% 1.51% 0.78% 1.09% 1.98% 1.92% 1.17% 1.19% 1.00% 0.49%
Return on Common Equity (ROCE)		 0.00% -0.52% 7.42% 3.78% 7.06% 9.89% 9.77% 5.55% 5.82% 5.11% -0.59%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.33% 5.28% 7.77% 0.00% 9.52% 9.66% 8.64% 0.00% 6.47%
Net Operating Profit after Tax (NOPAT)		 12 -3.84 61 25 61 53 48 25 41 47 -4.41
NOPAT Margin		 7.89% -7.77% 67.17% 27.22% 37.58% 62.41% 64.16% 38.34% 51.21% 41.26% -9.85%
Net Nonoperating Expense Percent (NNEP)		 0.00% -0.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.25%
SG&A Expenses to Revenue		 0.91% 3.21% 1.70% 1.41% 1.20% 2.75% 2.58% 2.06% 1.64% 0.88% 6.64%
Operating Expenses to Revenue		 40.17% 111.10% 57.06% 48.20% 27.54% 52.44% 56.36% 56.87% 67.19% 51.13% 115.46%
Earnings before Interest and Taxes (EBIT)		 90 -5.48 39 47 118 40 32 29 27 55 -6.92
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 94 0.77 44 52 127 36 36 27 15 64 -14
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.61 0.64 0.73 0.66 0.81 0.85 0.83 0.86 0.78 0.91
Price to Tangible Book Value (P/TBV)		 0.00 0.61 0.64 0.73 0.66 0.81 0.85 0.83 0.86 0.78 0.91
Price to Revenue (P/Rev)		 0.00 2.86 2.94 2.68 2.37 2.69 2.91 2.99 3.93 3.27 4.04
Price to Earnings (P/E)		 0.00 0.00 0.00 17.00 8.50 7.30 8.30 7.98 9.59 9.18 15.17
Dividend Yield		 20.51% 18.51% 17.53% 14.91% 15.55% 12.02% 11.54% 11.96% 11.54% 12.71% 11.28%
Earnings Yield		 0.00% 0.00% 0.00% 5.88% 11.76% 13.69% 12.05% 12.53% 10.43% 10.90% 6.59%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.90 0.91 0.91 0.89 0.92 0.95 0.95 0.92 0.91 0.95
Enterprise Value to Revenue (EV/Rev)		 0.00 19.96 19.47 16.86 15.16 14.59 15.58 17.03 20.93 20.60 26.10
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 86.84 67.60 33.64 26.63 24.16 25.58 29.26 56.12 48.34 94.14
Enterprise Value to EBIT (EV/EBIT)		 0.00 96.12 72.55 37.68 30.04 25.62 27.03 30.14 50.14 48.27 83.50
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 930.09 63.07 39.40 31.36 34.47 35.34 38.30 42.77 64.64
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 3.40 0.00 7.56 4.53 4.67 2.83 13.29 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.13 100.09 28.77 120.27 0.00 50.97 51.81 28.59 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 2.43 2.41 2.64 2.43 2.48 2.46 2.60 2.59 2.88 3.38
Long-Term Debt to Equity		 0.00 2.43 2.41 2.64 2.43 2.48 2.46 2.60 2.59 2.88 3.38
Financial Leverage		 1.62 2.14 2.25 2.50 1.19 2.45 2.43 2.62 2.51 2.68 2.91
Leverage Ratio		 5.59 6.40 6.62 6.65 6.85 6.90 7.04 6.58 6.76 7.07 7.04
Compound Leverage Factor		 5.59 6.40 6.62 6.65 6.85 6.90 7.04 6.58 6.76 7.07 6.41
Debt to Total Capital		 0.00% 70.83% 70.64% 72.54% 70.81% 71.24% 71.08% 72.25% 72.11% 74.24% 77.16%
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		 0.00% 70.83% 70.64% 72.54% 70.81% 71.24% 71.08% 72.25% 72.11% 74.24% 77.16%
Preferred Equity to Total Capital		 0.00% 8.05% 8.07% 7.70% 8.11% 7.96% 7.99% 7.75% 7.80% 7.19% 6.50%
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		 0.00% 21.13% 21.29% 19.76% 21.08% 20.80% 20.92% 20.01% 20.09% 18.56% 16.34%
Debt to EBITDA		 0.00 68.24 52.70 26.71 21.11 18.70 19.15 22.31 43.85 39.23 76.09
Net Debt to EBITDA		 0.00 66.63 51.38 25.46 20.05 17.62 18.65 21.74 40.84 36.86 73.15
Long-Term Debt to EBITDA		 0.00 68.24 52.70 26.71 21.11 18.70 19.15 22.31 43.85 39.23 76.09
Debt to NOPAT		 0.00 -65.02 725.04 50.07 31.23 24.28 25.81 26.95 29.93 34.71 52.24
Net Debt to NOPAT		 0.00 -63.50 706.89 47.73 29.67 22.87 25.13 26.25 27.87 32.61 50.23
Long-Term Debt to NOPAT		 0.00 -65.02 725.04 50.07 31.23 24.28 25.81 26.95 29.93 34.71 52.24
Noncontrolling Interest Sharing Ratio		 21.84% 25.01% 25.83% 27.06% 27.30% 27.63% 27.56% 27.97% 27.87% 27.80% 28.04%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 6,512 130 266 -24 -6,616 -24 -15 70 -227 -675 -1,562
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		 57.09 0.00 1.48 -0.13 0.00 0.00 -0.09 0.41 0.00 0.00 -8.57
Operating Cash Flow to Interest Expense		 -3.52 0.00 -7.12 10.78 0.00 0.00 -2.00 1.42 0.00 0.00 -3.26
Operating Cash Flow Less CapEx to Interest Expense		 -3.52 0.00 -7.12 10.78 0.00 0.00 -2.00 1.42 0.00 0.00 -3.26
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.02 0.02 0.03 0.03 0.03 0.03 0.03 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		 0.00 6,728 6,712 7,034 6,677 6,805 6,774 6,989 6,945 7,526 8,331
Invested Capital Turnover		 0.00 0.04 0.05 0.05 0.12 0.06 0.06 0.06 0.05 0.05 0.04
Increase / (Decrease) in Invested Capital		 -6,500 -134 -205 48 6,677 77 62 -44 268 721 1,557
Enterprise Value (EV)		 830 6,064 6,082 6,426 5,965 6,261 6,432 6,622 6,410 6,885 7,954
Market Capitalization		 830 869 918 1,021 932 1,153 1,201 1,161 1,204 1,094 1,232
Book Value per Share		 $0.00 $15.98 $16.08 $15.88 $16.22 $16.34 $16.35 $16.10 $16.06 $16.08 $15.67
Tangible Book Value per Share		 $0.00 $15.98 $16.08 $15.88 $16.22 $16.34 $16.35 $16.10 $16.06 $16.08 $15.67
Total Capital		 0.00 6,728 6,712 7,034 6,677 6,805 6,774 6,989 6,945 7,526 8,331
Total Debt		 0.00 4,765 4,741 5,102 4,728 4,848 4,815 5,049 5,009 5,588 6,429
Total Long-Term Debt		 0.00 4,765 4,741 5,102 4,728 4,848 4,815 5,049 5,009 5,588 6,429
Net Debt		 0.00 4,653 4,622 4,863 4,492 4,567 4,689 4,919 4,664 5,250 6,181
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 -8.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -14
Net Nonoperating Obligations (NNO)		 0.00 4,765 4,741 5,102 4,728 4,848 4,815 5,049 5,009 5,588 6,429
Total Depreciation and Amortization (D&A)		 3.97 6.25 5.05 5.23 8.92 -4.41 3.72 -1.66 -11 9.01 -6.83
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($0.07) $0.56 $0.16 $0.59 $0.49 $0.43 $0.17 $0.36 $0.41 ($0.01)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 91.43M 88.83M 87.27M 86.76M 87.37M 86.69M 86.85M 86.86M 86.82M 86.91M
Adjusted Diluted Earnings per Share		 $0.00 ($0.07) $0.50 $0.16 $0.51 $0.46 $0.39 $0.17 $0.36 $0.45 ($0.01)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 91.43M 113.39M 87.27M 111.09M 111.70M 111.02M 86.85M 86.86M 86.82M 86.91M
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		 0.00 88.89M 87.56M 86.76M 86.62M 86.65M 86.85M 86.86M 86.86M 86.86M 87.01M
Normalized Net Operating Profit after Tax (NOPAT)		 63 -3.84 27 25 61 28 23 25 19 47 -4.41
Normalized NOPAT Margin		 41.88% -7.77% 30.06% 27.22% 37.58% 33.29% 30.55% 38.34% 22.97% 41.26% -9.85%
Pre Tax Income Margin		 59.83% -11.10% 42.94% 51.80% 72.46% 47.56% 43.64% 43.13% 32.81% 48.87% -14.08%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.79 0.00 0.22 0.25 0.00 0.00 0.19 0.17 0.00 0.00 -0.04
NOPAT to Interest Expense		 0.10 0.00 0.34 0.13 0.00 0.00 0.28 0.15 0.00 0.00 -0.02
EBIT Less CapEx to Interest Expense		 0.79 0.00 0.22 0.25 0.00 0.00 0.19 0.17 0.00 0.00 -0.04
NOPAT Less CapEx to Interest Expense		 0.10 0.00 0.34 0.13 0.00 0.00 0.28 0.15 0.00 0.00 -0.02
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% -293.87% 3,153.80% 194.20% 125.40% 91.38% 97.30% 96.61% 108.19% 112.51% 147.26%
Augmented Payout Ratio		 0.00% -413.93% 4,128.35% 247.94% 152.65% 105.65% 108.52% 97.40% 109.08% 112.51% 147.26%

Key Financial Trends

PennyMac Mortgage Investment Trust’s Q1 2025 results show mixed trends with pressure on core earnings yet continued portfolio growth. Below are the key takeaways:

  • Maintained quarterly dividend of $0.40 per share, supporting a dividend yield of ~11.3% despite earnings volatility.
  • Trading account securities grew to $6.08 billion in Q1 2025 from $4.92 billion a year ago, reflecting portfolio expansion.
  • Mortgage servicing rights increased to $3.23 billion versus $1.41 billion in Q1 2024, bolstering fee‐based revenue potential.
  • Book value per share stands at $15.67 in Q1 2025 (down from $16.35 a year ago), with a price/tangible book ratio of ~0.91.
  • Common equity represents ~16.3% of total capital; preferred equity remains stable at $541 million.
  • Total revenue plunged ~40% year-over-year to $44.7 million in Q1 2025 from $74.2 million in Q1 2024.
  • Net income to common shareholders swung to a loss of $0.8 million (EPS –$0.01) in Q1 2025 from a $37.2 million profit (EPS $0.43) a year earlier.
  • Net interest income turned into an expense of $6.0 million in Q1 2025, compared with a $28 million expense in Q1 2024, squeezing net interest margins.
  • Operating cash flow deficit widened to –$594.5 million in Q1 2025 versus –$342.4 million in Q1 2024, reflecting larger portfolio funding needs.
  • Long-term debt climbed to $6.43 billion (up from $4.82 billion a year ago), lifting debt to total capital to ~77% and increasing leverage risk.
06/21/25 10:55 PMAI Generated. May Contain Errors.

Frequently Asked Questions About PennyMac Mortgage Investment Trust's Financials

When does PennyMac Mortgage Investment Trust's financial year end?

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

How has PennyMac Mortgage Investment Trust's net income changed over the last 10 years?

PennyMac Mortgage Investment Trust's net income appears to be on a downward trend, with a most recent value of $160.98 million in 2024, falling from $194.54 million in 2014. The previous period was $199.65 million in 2023. See where experts think PennyMac Mortgage Investment Trust is headed by visiting PennyMac Mortgage Investment Trust's forecast page.

How has PennyMac Mortgage Investment Trust's revenue changed over the last 10 years?

Over the last 10 years, PennyMac Mortgage Investment Trust's total revenue changed from $356.74 million in 2014 to $334.19 million in 2024, a change of -6.3%.

How much debt does PennyMac Mortgage Investment Trust have?

PennyMac Mortgage Investment Trust's total liabilities were at $12.47 billion at the end of 2024, a 11.8% increase from 2023, and a 275.7% increase since 2014.

How much cash does PennyMac Mortgage Investment Trust have?

In the past 10 years, PennyMac Mortgage Investment Trust's cash and equivalents has ranged from $34.48 million in 2016 to $337.69 million in 2024, and is currently $337.69 million as of their latest financial filing in 2024.

How has PennyMac Mortgage Investment Trust's book value per share changed over the last 10 years?

Over the last 10 years, PennyMac Mortgage Investment Trust's book value per share changed from 21.29 in 2014 to 16.08 in 2024, a change of -24.4%.


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This page (NYSE:PMT) was last updated on 6/22/2025 by MarketBeat.com Staff
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