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PennyMac Mortgage Investment Trust (PMT) Financials

PennyMac Mortgage Investment Trust logo
$10.62 +0.12 (+1.09%)
As of 12:28 PM Eastern
This is a fair market value price provided by Massive. 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 90 76 -188 128 201 27 26 -115 158 119 86
Consolidated Net Income / (Loss)		 90 76 118 153 226 52 57 -73 200 161 128
Net Income / (Loss) Continuing Operations		 0.00 76 -173 148 226 178 57 -73 200 161 128
Total Pre-Tax Income 		73 62 125 158 191 80 45 63 244 143 94
Total Revenue		 190 132 87 216 474 595 420 304 429 334 307
Net Interest Income / (Expense)		 77 72 44 48 20 -49 -109 -27 -96 -79 -19
Total Interest Income		 201 222 195 223 318 222 721 -0.59 -79 -65 -2.05
Investment Securities Interest Income		 201 222 195 223 318 222 721 384 640 635 851
Other Interest Income		 -0.60 - - - - - - -384 -719 -700 -853
Total Interest Expense		 125 150 151 175 297 271 305 0.00 0.00 0.00 0.00
Total Non-Interest Income		 114 59 43 168 453 643 3.55 304 508 399 310
Service Charges on Deposit Accounts		 - - - - 81 602 - -205 -93 -227 -173
Other Service Charges		 28 -32 -116 48 398 766 240 679 678 660 621
Net Realized & Unrealized Capital Gains on Investments		 105 114 156 82 433 -730 391 -183 -79 -37 -148
Other Non-Interest Income		 -19 -22 2.86 38 -458 5.47 -628 14 1.78 2.19 10
Total Non-Interest Expense		 116 70 253 63 283 390 376 241 185 192 214
Salaries and Employee Benefits		 7.37 7.00 6.32 6.78 6.90 3.89 4.00 5.94 7.11 5.61 12
Other Operating Expenses		 109 63 63 47 276 386 372 235 178 186 202
Income Tax Expense		 -17 -14 6.80 5.19 -36 27 -12 136 45 -18 -34
Preferred Stock Dividends Declared		 0.00 0.00 15 25 25 25 31 42 42 42 42
Basic Earnings per Share		 $1.19 $1.09 $1.53 $2.09 $2.54 $0.27 $0.26 ($1.26) $1.80 $1.37 $0.99
Weighted Average Basic Shares Outstanding		 74.45M 68.64M 66.14M 60.90M 78.99M 99.37M 97.40M 91.43M 87.37M 86.82M 86.99M
Diluted Earnings per Share		 $1.16 $1.08 $1.48 $1.99 $2.42 $0.27 $0.26 ($1.26) $1.63 $1.37 $0.99
Weighted Average Diluted Shares Outstanding		 83.34M 77.11M 74.61M 69.37M 87.71M 99.37M 97.40M 91.43M 111.70M 86.82M 86.99M
Weighted Average Basic & Diluted Shares Outstanding		 75.70M 66.70M 67M 61.20M 100.34M 97.90M 97.37M 88.89M 86.65M 86.86M 87.02M
Cash Dividends to Common per Share		 $2.16 $1.88 $1.88 $1.88 $1.88 - $0.00 $1.81 $1.60 $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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 51 42 37 15 31 36 -0.78 -2.92 48 42 14
Consolidated Net Income / (Loss)		 61 53 48 25 41 47 9.68 7.53 58 52 25
Net Income / (Loss) Continuing Operations		 61 53 56 35 49 47 9.68 13 59 47 25
Total Pre-Tax Income 		118 40 32 29 27 55 -6.30 17 47 36 27
Total Revenue		 163 85 74 71 77 113 44 70 95 98 82
Net Interest Income / (Expense)		 -25 -20 -28 -20 -7.44 -24 -6.05 -8.67 1.69 -6.46 -3.66
Total Interest Income		 -21 -538 -28 -20 177 -517 -2.13 -8.67 1.69 -323 -0.29
Investment Securities Interest Income		 159 1.06 144 152 177 2.78 176 196 230 96 276
Other Interest Income		 -180 - -172 -172 - - -178 -205 -228 - -276
Total Interest Expense		 0.00 -367 0.00 0.00 184 -343 0.00 0.00 0.00 -182 0.00
Total Non-Interest Income		 185 256 102 91 84 286 47 79 93 239 82
Service Charges on Deposit Accounts		 -50 - -90 -18 -67 - -40 -61 - - -12
Other Service Charges		 170 319 165 167 169 323 155 162 155 297 150
Net Realized & Unrealized Capital Gains on Investments		 65 -278 54 -7.58 167 -65 -70 51 -37 -237 -62
Other Non-Interest Income		 - - -28 -50 -185 - 1.21 -74 -24 291 5.81
Total Non-Interest Expense		 45 44 34 33 43 58 51 48 47 67 55
Salaries and Employee Benefits		 1.96 2.33 1.92 1.37 1.33 1.00 2.97 2.84 2.82 3.26 2.98
Other Operating Expenses		 43 42 32 32 41 57 48 45 44 63 52
Income Tax Expense		 57 -13 -15 3.18 -15 8.59 -16 9.47 -11 -16 2.28
Preferred Stock Dividends Declared		 10 10 10 10 10 10 10 10 10 10 10
Basic Earnings per Share		 $0.59 $0.49 $0.43 $0.17 $0.36 $0.41 ($0.01) ($0.04) $0.55 $0.49 $0.16
Weighted Average Basic Shares Outstanding		 86.76M 87.37M 86.69M 86.85M 86.86M 86.82M 86.91M 87.01M 87.02M 86.99M 87.08M
Diluted Earnings per Share		 $0.51 $0.46 $0.39 $0.17 $0.36 $0.45 ($0.01) ($0.04) $0.55 $0.49 $0.16
Weighted Average Diluted Shares Outstanding		 111.09M 111.70M 111.02M 86.85M 86.86M 86.82M 86.91M 87.01M 87.02M 86.99M 87.08M
Weighted Average Basic & Diluted Shares Outstanding		 86.62M 86.65M 86.85M 86.86M 86.86M 86.86M 87.01M 87.02M 87.02M 87.02M 87.20M

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -18 -24 43 -18 44 -46 1.28 53 169 57 -66
Net Cash From Operating Activities		 -863 -622 223 -574 -2,985 672 -2,820 1,784 1,340 -2,703 -7,213
Net Cash From Continuing Operating Activities		 -863 -622 223 -574 -2,985 672 -2,820 1,784 1,340 -2,703 -7,213
Net Income / (Loss) Continuing Operations		 90 76 118 153 226 52 57 -73 200 161 128
Consolidated Net Income / (Loss)		 90 76 118 153 226 52 57 -73 200 161 128
Amortization Expense		 11 15 19 -4.05 14 44 37 6.75 15 -0.22 -11
Non-Cash Adjustments to Reconcile Net Income		 -881 -685 98 -736 -3,331 -45 -2,416 1,810 992 -2,111 -7,283
Changes in Operating Assets and Liabilities, net		 -83 -27 -12 14 106 621 -497 41 134 -753 -47
Net Cash From Investing Activities		 12 194 682 -1,424 -705 -15 1,093 -1,867 -22 1,360 430
Net Cash From Continuing Investing Activities		 12 194 682 -1,424 -705 -15 1,093 -1,867 -22 1,360 430
Purchase of Investment Securities		 -393 -856 -405 -1,872 -1,236 -2,249 -2,229 -3,693 -3,186 -667 -939
Sale and/or Maturity of Investments		 666 1,232 1,037 943 1,332 3,180 1,795 1,442 3,212 1,607 1,320
Other Investing Activities, net		 -262 -183 50 -495 -801 -947 1,527 384 -47 421 49
Net Cash From Financing Activities		 833 404 -862 1,980 3,734 -703 1,728 136 -1,149 1,399 6,718
Net Cash From Continuing Financing Activities		 833 404 -862 1,980 3,734 -701 1,729 136 -1,149 1,399 6,718
Issuance of Debt		 7,537 6,738 7,357 450 1,519 850 3,058 1,327 2,980 4,729 7,100
Repayment of Debt		 -56,757 -76,971 -86,272 -91,455 -141,039 -197,324 -199,202 -125,648 -124,483 -124,998 -102,305
Repurchase of Common Equity		 -16 -98 -91 -11 0.00 -37 -57 -88 -28 0.00 0.00
Payment of Dividends		 -173 -132 -140 -141 -166 -177 -214 -215 -182 -181 -181
Other Financing Activities, Net		 50,243 70,867 77,975 93,136 142,581 195,981 197,894 124,760 120,564 121,849 102,104
Cash Interest Paid		 - - - - - 290 299 369 718 712 851
Cash Income Taxes Paid		 - - - - - 5.61 1.77 -5.81 6.52 7.81 2.33

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -149 133 -155 -133 315 238 -90 115 -99 8.48 -58
Net Cash From Operating Activities		 64 533 -342 244 -984 -1,621 -594 -2,016 -1,298 -3,306 -2,529
Net Cash From Continuing Operating Activities		 64 533 -342 244 -984 -1,621 -594 -2,015 -1,298 -3,306 -2,529
Net Income / (Loss) Continuing Operations		 61 53 48 25 41 47 9.68 7.53 58 52 25
Consolidated Net Income / (Loss)		 61 53 48 25 41 47 9.68 7.53 58 52 25
Amortization Expense		 8.92 -4.41 3.72 -1.66 -11 9.01 -6.83 -0.31 -4.58 0.30 1.73
Non-Cash Adjustments to Reconcile Net Income		 50 242 -123 246 -938 -1,296 -834 -1,980 -1,315 -3,153 -2,545
Changes in Operating Assets and Liabilities, net		 -56 243 -271 -26 -76 -380 237 -42 -36 -205 -10
Net Cash From Investing Activities		 193 -82 771 -7.32 315 282 40 273 -436 553 1,266
Net Cash From Continuing Investing Activities		 47 5.92 771 -145 416 527 40 273 -436 553 1,266
Purchase of Investment Securities		 -137 -8.12 -189 -28 -77 -169 0.00 61 -903 3.68 -4.30
Sale and/or Maturity of Investments		 209 153 818 -87 401 271 47 230 402 541 1,192
Other Investing Activities, net		 -26 -139 142 -30 93 425 -6.72 -18 65 8.49 78
Net Cash From Financing Activities		 -259 -406 -583 -232 883 1,332 464 1,858 1,634 2,762 1,206
Net Cash From Continuing Financing Activities		 -259 -406 -583 -232 883 1,332 464 1,858 1,634 2,762 1,206
Issuance of Debt		 727 1,187 306 581 1,079 487 1,409 1,764 1,537 2,390 2,943
Repayment of Debt		 -29,711 -29,220 -24,456 -32,072 -37,459 -31,317 -35,696 -37,060 -16,571 -12,978 -15,404
Repurchase of Common Equity		 - -1.48 0.00 - - - 0.00 - - - 0.00
Payment of Dividends		 -45 -45 -45 -45 -45 -45 -45 -45 -45 -45 -45
Other Financing Activities, Net		 28,770 27,674 23,612 31,304 37,308 32,207 34,796 37,199 16,714 13,395 13,712
Cash Interest Paid		 197 156 188 196 181 147 220 178 217 235 289
Cash Income Taxes Paid		 2.00 0.38 0.05 7.01 0.48 0.27 0.11 1.92 0.20 0.11 0.08

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 5,827 6,358 5,605 7,813 11,771 14,279 13,773 13,922 13,114 14,409 21,347
Cash and Due from Banks		 58 34 78 60 104 58 59 112 281 338 272
Trading Account Securities		 1,616 2,572 2,373 4,254 7,098 5,930 6,872 6,369 5,683 6,180 7,152
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 2,799 0.00 0.00 0.00 0.00 0.00
Customer and Other Receivables		 - 457 593 4.08 1,973 8.15 1,721 1,325 1,209 1,111 1,009
Mortgage Servicing Rights		 2,556 1,722 1,089 446 271 295 1,569 1,513 1,434 2,194 8,533
Other Assets		 1,441 1,544 1,429 1,903 2,327 2,389 3,556 4,602 4,510 4,520 4,341
Total Liabilities & Shareholders' Equity		 5,827 6,358 5,605 7,813 11,771 11,742 13,773 13,922 13,114 14,409 21,347
Total Liabilities		 4,331 5,006 4,060 6,247 9,320 9,446 11,405 11,959 11,157 12,470 19,460
Short-Term Debt		 3.16 9.57 1.31 5.91 - - - - - 0.00 0.00
Accrued Interest Payable		 - 1.06 0.90 0.84 0.71 - 3.70 4.34 4.11 6.38 36
Other Short-Term Payables		 64 108 65 71 91 - 96 160 355 139 168
Long-Term Debt		 1,062 901 599 1,149 2,383 2,408 4,494 4,765 4,848 5,588 11,076
Other Long-Term Liabilities		 3,182 3,838 3,251 4,891 6,739 7,038 6,842 7,157 5,971 6,717 8,202
Commitments & Contingencies		 - 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,496 1,351 1,545 1,566 2,451 2,296 2,368 1,963 1,957 1,939 1,887
Total Preferred & Common Equity		 1,496 1,351 1,545 1,566 2,451 2,296 2,368 1,963 1,957 1,939 1,887
Preferred Stock		 - 0.00 300 300 300 300 541 541 541 541 541
Total Common Equity		 1,496 1,351 1,245 1,266 2,151 1,996 1,826 1,421 1,416 1,397 1,346
Common Stock		 1,470 1,378 1,292 1,286 2,129 2,097 2,083 1,948 1,924 1,926 1,929
Retained Earnings		 26 -27 -47 -20 22 -101 -257 -527 -509 -529 -583

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 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 13,946 15,357 13,385 13,223 12,294 12,081 13,056 14,876 16,801 18,526 22,503
Cash and Due from Banks		 59 119 239 236 127 131 344 248 363 263 214
Trading Account Securities		 6,215 7,862 5,840 5,721 4,924 4,853 5,930 6,083 6,635 7,030 6,115
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 0.00
Customer and Other Receivables		 1,373 1,298 1,270 1,237 1,187 1,163 1,135 1,088 1,065 1,033 970
Mortgage Servicing Rights		 1,523 1,502 1,457 1,372 1,409 1,378 1,430 3,229 4,567 5,983 10,868
Other Assets		 4,781 4,581 4,575 4,658 4,651 4,560 4,212 4,225 4,173 4,164 4,304
Total Liabilities & Shareholders' Equity		 13,946 15,357 13,385 13,223 12,294 12,081 13,056 14,876 16,801 18,526 22,503
Total Liabilities		 11,929 13,386 11,453 11,274 10,335 10,141 11,119 12,974 14,935 16,646 20,636
Short-Term Debt		 - - - - - - - - - 0.00 0.00
Accrued Interest Payable		 4.41 4.29 4.22 4.16 4.05 4.00 3.94 12 18 25 39
Other Short-Term Payables		 98 153 105 93 125 126 114 105 142 136 137
Long-Term Debt		 4,816 4,741 5,102 4,728 4,815 5,049 5,009 6,429 7,726 8,565 12,985
Other Long-Term Liabilities		 7,168 8,610 6,309 6,496 5,381 4,953 5,977 6,426 7,048 7,913 7,495
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,017 1,971 1,931 1,949 1,959 1,940 1,937 1,903 1,866 1,879 1,867
Total Preferred & Common Equity		 2,017 1,971 1,931 1,949 1,959 1,940 1,937 1,903 1,866 1,879 1,867
Preferred Stock		 541 541 541 541 541 541 541 541 541 541 541
Total Common Equity		 1,476 1,429 1,390 1,408 1,417 1,398 1,395 1,361 1,324 1,338 1,325
Common Stock		 1,961 1,941 1,923 1,924 1,924 1,925 1,925 1,926 1,927 1,927 1,929
Retained Earnings		 -485 -512 -533 -516 -506 -526 -530 -565 -602 -590 -604

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 87,016,604.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 87,016,604.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.47
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.19 $1.09 $1.53 $2.09 $2.54 $0.27 $0.26 ($1.26) $1.80 $1.37 $0.99
Adjusted Weighted Average Basic Shares Outstanding		 74.45M 68.64M 66.14M 60.90M 78.99M 99.37M 97.40M 91.43M 87.37M 86.82M 86.99M
Adjusted Diluted Earnings per Share		 $1.16 $1.08 $1.48 $1.99 $2.42 $0.27 $0.26 ($1.26) $1.63 $1.37 $0.99
Adjusted Weighted Average Diluted Shares Outstanding		 83.34M 77.11M 74.61M 69.37M 87.71M 99.37M 97.40M 91.43M 111.70M 86.82M 86.99M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $2.09 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 72.25M 66.70M 60.67M 67.95M 100.34M 97.90M 97.37M 88.89M 86.65M 86.86M 87.02M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - 87,016,604.00 87,016,604.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 87,016,604.00 87,016,604.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.60 0.28
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 8.18% 71.72% -17.88% -26.67% -50.52% 33.05% -39.70% -1.40% 23.36% - 84.72%
EBITDA Growth		 34.97% 4,587.99% -17.68% -48.26% -88.02% 78.59% -131.12% -39.57% 86.13% - 317.96%
EBIT Growth		 31.03% 835.52% -16.55% -38.94% -77.59% 36.71% -117.10% -41.42% 38.31% - 526.97%
NOPAT Growth		 415.59% 1,478.82% -21.56% 3.29% -32.59% -12.05% -109.26% -70.38% 40.79% - 658.27%
Net Income Growth		 415.59% 1,034.70% -21.56% 3.29% -32.59% -12.05% -79.67% -70.38% 40.79% - 154.30%
EPS Growth		 5,000.00% 757.14% -22.00% 6.25% -29.41% -2.17% -102.56% -123.53% 52.78% - 1,700.00%
Operating Cash Flow Growth		 115.83% 4.72% 73.17% -87.93% -1,645.95% -404.03% -73.57% -926.74% -31.90% - -325.63%
Free Cash Flow Firm Growth		 -201.59% -118.40% -105.58% 392.27% 96.58% -2,720.53% -10,434.39% -3,823.46% -1,418.79% - -315.92%
Invested Capital Growth		 0.00% 1.14% 0.93% -0.63% 4.01% 10.60% 22.99% 37.23% 50.37% - 78.25%
Revenue Q/Q Growth		 80.68% -48.13% -12.47% -10.61% 21.91% 39.48% -60.33% 56.88% 35.05% - -15.94%
EBITDA Q/Q Growth		 144.52% -71.80% 0.53% -25.36% -43.40% 320.48% -121.44% 258.78% 96.59% - -8.85%
EBIT Q/Q Growth		 152.75% -65.95% -19.69% -11.65% -7.25% 107.75% -112.55% 420.01% 114.55% - -13.53%
NOPAT Q/Q Growth		 149.44% -13.86% -10.02% -46.58% 62.80% 12.38% -109.48% 270.87% 673.77% - -52.99%
Net Income Q/Q Growth		 149.44% -13.86% -10.02% -46.58% 62.80% 12.38% -79.20% -22.17% 673.77% - -52.99%
EPS Q/Q Growth		 218.75% -9.80% -15.22% -56.41% 111.76% 25.00% -102.22% -300.00% 1,475.00% - -67.35%
Operating Cash Flow Q/Q Growth		 -96.85% 737.57% -164.23% 171.21% -503.53% -64.72% 63.33% -239.17% 35.62% - 23.49%
Free Cash Flow Firm Q/Q Growth		 -27,648.40% 99.64% 38.03% 570.08% -425.06% -197.86% -131.45% -66.15% -32.59% - -20.62%
Invested Capital Q/Q Growth		 -5.06% 1.91% -0.45% 3.18% -0.63% 8.36% 10.70% 15.13% 8.89% - 14.56%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 77.92% 42.36% 48.65% 40.62% 18.86% 56.86% -30.73% 31.10% 45.27% - 34.85%
EBIT Margin		 72.46% 47.56% 43.64% 43.13% 32.81% 48.87% -15.46% 31.54% 50.10% - 32.75%
Profit (Net Income) Margin		 37.58% 62.41% 64.16% 38.34% 51.21% 41.26% 21.63% 10.73% 61.49% - 29.97%
Tax Burden Percent		 51.87% 131.22% 147.02% 88.90% 156.05% 84.42% -153.68% 44.30% 124.04% - 91.53%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 91.05% 76.82% 98.95% - 100.00%
Effective Tax Rate		 48.13% -31.22% -47.02% 11.10% -56.05% 15.58% 0.00% 55.70% -24.04% - 8.47%
Return on Invested Capital (ROIC)		 4.43% 3.96% 3.93% 2.13% 2.30% 1.92% -0.40% 0.39% 2.28% - 0.89%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.43% 3.96% 3.93% 2.13% 2.30% 1.92% -0.15% 0.39% 2.28% - 0.89%
Return on Net Nonoperating Assets (RNNOA)		 5.28% 9.70% 9.55% 5.57% 5.77% 5.15% -0.43% 1.32% 8.09% - 4.60%
Return on Equity (ROE)		 9.71% 13.66% 13.48% 7.70% 8.07% 7.08% -0.83% 1.71% 10.37% - 5.49%
Cash Return on Invested Capital (CROIC)		 -195.47% 1.82% 1.84% 3.30% -1.48% -7.82% -18.99% -30.12% -38.83% - -55.01%
Operating Return on Assets (OROA)		 2.10% 1.51% 1.30% 1.32% 0.76% 1.19% -0.35% 0.66% 1.02% - 0.60%
Return on Assets (ROA)		 1.09% 1.98% 1.92% 1.17% 1.19% 1.00% 0.49% 0.23% 1.25% - 0.55%
Return on Common Equity (ROCE)		 7.06% 9.89% 9.77% 5.55% 5.82% 5.11% -0.59% 1.23% 7.43% - 3.91%
Return on Equity Simple (ROE_SIMPLE)		 7.77% 0.00% 9.52% 9.66% 8.64% 0.00% 6.47% 5.64% 6.49% - 7.65%
Net Operating Profit after Tax (NOPAT)		 61 53 48 25 41 47 -4.41 7.53 58 - 25
NOPAT Margin		 37.58% 62.41% 64.16% 38.34% 51.21% 41.26% -9.85% 10.73% 61.49% - 29.97%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.25% 0.00% 0.00% - 0.00%
SG&A Expenses to Revenue		 1.20% 2.75% 2.58% 2.06% 1.64% 0.88% 6.64% 4.04% 2.97% - 3.62%
Operating Expenses to Revenue		 27.54% 52.44% 56.36% 56.87% 67.19% 51.13% 115.46% 68.46% 49.90% - 67.25%
Earnings before Interest and Taxes (EBIT)		 118 40 32 29 27 55 -6.92 22 47 - 27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 127 36 36 27 15 64 -14 22 43 - 29
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.66 0.81 0.85 0.83 0.86 0.78 0.91 0.82 0.77 - 0.74
Price to Tangible Book Value (P/TBV)		 0.66 0.81 0.85 0.83 0.86 0.78 0.91 0.82 0.77 - 0.74
Price to Revenue (P/Rev)		 2.37 2.69 2.91 2.99 3.93 3.27 4.04 3.57 3.21 - 2.84
Price to Earnings (P/E)		 8.50 7.30 8.30 7.98 9.59 9.18 15.17 17.13 12.86 - 9.71
Dividend Yield		 15.55% 12.02% 11.54% 11.96% 11.54% 12.71% 11.28% 12.83% 13.49% - 14.20%
Earnings Yield		 11.76% 13.69% 12.05% 12.53% 10.43% 10.90% 6.59% 5.84% 7.77% - 10.30%
Enterprise Value to Invested Capital (EV/IC)		 0.89 0.92 0.95 0.95 0.92 0.91 0.95 0.94 0.95 - 0.96
Enterprise Value to Revenue (EV/Rev)		 15.16 14.59 15.58 17.03 20.93 20.60 26.10 29.60 30.70 - 41.41
Enterprise Value to EBITDA (EV/EBITDA)		 26.63 24.16 25.58 29.26 56.12 48.34 94.14 128.06 109.65 - 115.12
Enterprise Value to EBIT (EV/EBIT)		 30.04 25.62 27.03 30.14 50.14 48.27 83.50 112.92 106.45 - 112.53
Enterprise Value to NOPAT (EV/NOPAT)		 39.40 31.36 34.47 35.34 38.30 42.77 64.64 85.49 80.91 - 100.08
Enterprise Value to Operating Cash Flow (EV/OCF)		 4.53 4.67 2.83 13.29 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 50.97 51.81 28.59 0.00 0.00 0.00 0.00 0.00 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 2.43 2.48 2.46 2.60 2.59 2.88 3.38 4.14 4.56 - 6.96
Long-Term Debt to Equity		 2.43 2.48 2.46 2.60 2.59 2.88 3.38 4.14 4.56 - 6.96
Financial Leverage		 1.19 2.45 2.43 2.62 2.51 2.68 2.91 3.36 3.56 - 5.15
Leverage Ratio		 6.85 6.90 7.04 6.58 6.76 7.07 7.04 7.59 8.28 - 9.92
Compound Leverage Factor		 6.85 6.90 7.04 6.58 6.76 7.07 6.41 5.83 8.19 - 9.92
Debt to Total Capital		 70.81% 71.24% 71.08% 72.25% 72.11% 74.24% 77.16% 80.55% 82.01% - 87.43%
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%
Long-Term Debt to Total Capital		 70.81% 71.24% 71.08% 72.25% 72.11% 74.24% 77.16% 80.55% 82.01% - 87.43%
Preferred Equity to Total Capital		 8.11% 7.96% 7.99% 7.75% 7.80% 7.19% 6.50% 5.65% 5.18% - 3.65%
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%
Common Equity to Total Capital		 21.08% 20.80% 20.92% 20.01% 20.09% 18.56% 16.34% 13.81% 12.81% - 8.92%
Debt to EBITDA		 21.11 18.70 19.15 22.31 43.85 39.23 76.09 110.06 95.10 - 104.59
Net Debt to EBITDA		 20.05 17.62 18.65 21.74 40.84 36.86 73.15 104.89 92.18 - 102.86
Long-Term Debt to EBITDA		 21.11 18.70 19.15 22.31 43.85 39.23 76.09 110.06 95.10 - 104.59
Debt to NOPAT		 31.23 24.28 25.81 26.95 29.93 34.71 52.24 73.47 70.18 - 90.92
Net Debt to NOPAT		 29.67 22.87 25.13 26.25 27.87 32.61 50.23 70.02 68.02 - 89.43
Long-Term Debt to NOPAT		 31.23 24.28 25.81 26.95 29.93 34.71 52.24 73.47 70.18 - 90.92
Noncontrolling Interest Sharing Ratio		 27.30% 27.63% 27.56% 27.97% 27.87% 27.80% 28.04% 28.46% 28.38% - 28.73%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -6,616 -24 -15 70 -227 -675 -1,562 -2,595 -3,440 - -6,495
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 -0.09 0.41 0.00 0.00 -8.57 0.00 0.00 - 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 -2.00 1.42 0.00 0.00 -3.26 0.00 0.00 - 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 -2.00 1.42 0.00 0.00 -3.26 0.00 0.00 - 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.03 0.02 0.02 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
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 6,677 6,805 6,774 6,989 6,945 7,526 8,331 9,592 10,444 - 14,851
Invested Capital Turnover		 0.12 0.06 0.06 0.06 0.05 0.05 0.04 0.04 0.04 - 0.03
Increase / (Decrease) in Invested Capital		 6,677 77 62 -44 268 721 1,557 2,602 3,499 - 6,520
Enterprise Value (EV)		 5,965 6,261 6,432 6,622 6,410 6,885 7,954 8,989 9,875 - 14,293
Market Capitalization		 932 1,153 1,201 1,161 1,204 1,094 1,232 1,085 1,032 - 981
Book Value per Share		 $16.22 $16.34 $16.35 $16.10 $16.06 $16.08 $15.67 $15.22 $15.37 - $15.23
Tangible Book Value per Share		 $16.22 $16.34 $16.35 $16.10 $16.06 $16.08 $15.67 $15.22 $15.37 - $15.23
Total Capital		 6,677 6,805 6,774 6,989 6,945 7,526 8,331 9,592 10,444 - 14,851
Total Debt		 4,728 4,848 4,815 5,049 5,009 5,588 6,429 7,726 8,565 - 12,985
Total Long-Term Debt		 4,728 4,848 4,815 5,049 5,009 5,588 6,429 7,726 8,565 - 12,985
Net Debt		 4,492 4,567 4,689 4,919 4,664 5,250 6,181 7,363 8,301 - 12,771
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 -14 0.00 0.00 - 0.00
Net Nonoperating Obligations (NNO)		 4,728 4,848 4,815 5,049 5,009 5,588 6,429 7,726 8,565 - 12,985
Total Depreciation and Amortization (D&A)		 8.92 -4.41 3.72 -1.66 -11 9.01 -6.83 -0.31 -4.58 - 1.73
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.59 $0.49 $0.43 $0.17 $0.36 $0.41 ($0.01) ($0.04) $0.55 $0.49 $0.16
Adjusted Weighted Average Basic Shares Outstanding		 86.76M 87.37M 86.69M 86.85M 86.86M 86.82M 86.91M 87.01M 87.02M 86.99M 87.08M
Adjusted Diluted Earnings per Share		 $0.51 $0.46 $0.39 $0.17 $0.36 $0.45 ($0.01) ($0.04) $0.55 $0.49 $0.16
Adjusted Weighted Average Diluted Shares Outstanding		 111.09M 111.70M 111.02M 86.85M 86.86M 86.82M 86.91M 87.01M 87.02M 86.99M 87.08M
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		 86.62M 86.65M 86.85M 86.86M 86.86M 86.86M 87.01M 87.02M 87.02M 87.02M 87.20M
Normalized Net Operating Profit after Tax (NOPAT)		 61 28 23 25 19 47 -4.41 12 33 - 25
Normalized NOPAT Margin		 37.58% 33.29% 30.55% 38.34% 22.97% 41.26% -9.85% 16.96% 34.70% - 29.97%
Pre Tax Income Margin		 72.46% 47.56% 43.64% 43.13% 32.81% 48.87% -14.08% 24.22% 49.57% - 32.75%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.19 0.17 0.00 0.00 -0.04 0.00 0.00 - 0.00
NOPAT to Interest Expense		 0.00 0.00 0.28 0.15 0.00 0.00 -0.02 0.00 0.00 - 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.19 0.17 0.00 0.00 -0.04 0.00 0.00 - 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.28 0.15 0.00 0.00 -0.02 0.00 0.00 - 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 125.40% 91.38% 97.30% 96.61% 108.19% 112.51% 147.26% 172.32% 148.46% - 126.88%
Augmented Payout Ratio		 152.65% 105.65% 108.52% 97.40% 109.08% 112.51% 147.26% 172.32% 148.46% - 126.88%

Financials Breakdown Chart

Key Financial Trends

Here’s a concise, data-driven take on PennyMac Mortgage Investment Trust (PMT) using the last four years of quarterly results. The company shows growth in assets and a heavy use of financing to support its investment activities. Earnings and cash flow have been volatile, driven by shifts in non-interest income and investment gains/losses, as well as ongoing debt management.

  • Profitability improving in late 2025: Consolidated net income attributable to common shareholders in Q4 2025 was about $41.9 million, with a diluted EPS of $0.49, up from prior-year levels and confirming continued profitability at the end of 2025.
  • Sequential revenue strength in Q4 2025: Total revenue reached roughly $97.7 million in Q4 2025, a multi-quarter high and a visible improvement from earlier 2025 quarters, supported by solid non-interest income.
  • Dividend policy maintained: Cash dividends per share remained at $0.40 for Q3 and Q4 2025, signaling a stable dividend approach despite earnings volatility.
  • Large and growing asset base, with servicing rights prominent: Mortgage servicing rights and related assets are a major component of PMT’s balance sheet (MSRs around $6.0B in recent quarters), contributing to a sizeable asset base that supports income generation.
  • Balance sheet expansion via debt financing supports liquidity: Long-term debt stood around $8.56B by Q3 2025, and PMT issued debt in Q4 2025, helping to fund investment activity and financing needs ahead of a positive net cash from financing activities (about $2.76B) in Q4 2025.
  • Liquidity in financing activities boosts cash position in Q4 2025: Net cash from financing activities in Q4 2025 was about $2.76B, contributing to a small positive net change in cash for the quarter (+$8.48 million), despite ongoing operating cash outflows.
  • Non-interest income volatility remains a feature: Non-interest income remains a substantial portion of revenue (notably Other Service Charges around $298M in Q4 2025 and total non-interest income near $239M in Q4 2025), but capital gains and losses on investments can swing repeatedly from quarter to quarter.
  • Operating and investing cash flows show mixed results: Cash flow from continuing operating activities was negative in most 2025 quarters (e.g., around -$3.3B in Q4 2025, with variability across Q3 and Q2), while investing cash flows fluctuated between positive and negative across quarters, reflecting dynamic buying/selling activity in investment securities.
  • Operating cash flow remains negative on a quarterly basis: Net cash from continuing operating activities was negative in each 2025 quarter, signaling ongoing reliance on financing activities to fund operations and investment activity.
  • Leverage and liabilities elevated: Total liabilities neared $16.6B in mid-2025, with long-term debt around $8.56B, highlighting elevated leverage and interest expense risk amid market fluctuations.
  • Investment gains/losses contribute to earnings volatility: Net realized and unrealized capital gains on investments were negative in some quarters (e.g., Q4 2025), contributing to earnings volatility even as non-interest income remains robust.

Bottom line: PMT shows a growing asset base and improving quarterly profitability toward late 2025, supported by debt financing and steady dividend payouts. However, persistent negative cash flow from operations and a high debt load introduce liquidity and leverage risks that investors should monitor, especially given the sensitivity of non-interest income and investment gains to market conditions.

05/14/26 12:28 PM ETAI Generated. May Contain Errors.

PennyMac Mortgage Investment Trust Financials - Frequently Asked Questions

According to the most recent income statement we have on file, PennyMac Mortgage Investment Trust's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

In the past 10 years, PennyMac Mortgage Investment Trust's net income has ranged from -$73.29 million in 2022 to $226.36 million in 2019, and is currently $127.87 million as of their latest financial filing in 2025. Check out PennyMac Mortgage Investment Trust's forecast to explore projected trends and price targets.

Over the last 10 years, PennyMac Mortgage Investment Trust's total revenue changed from $190.16 million in 2015 to $307.46 million in 2025, a change of 61.7%.

PennyMac Mortgage Investment Trust's total liabilities were at $19.46 billion at the end of 2025, a 56.0% increase from 2024, and a 349.3% increase since 2015.

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 $271.97 million as of their latest financial filing in 2025.


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Financial statements for NYSE:PMT last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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