Pricing Log in Create free account
Friday 6 November 2026 Export AGNC’s income statement to Excel — free account

AGNC Investment Corp.

AGNC Real Estate Reit Mortgage

AGNC Investment Corp.’s revenue for fiscal 2025 (year ended December 2025) was $3.5 billion, up 19.5% from fiscal 2024.

Revenue
+32.5%
EPS
−260.3%
Free cash flow
+164.1%
Total debt
+31.0%

Quarter to September 2026, against a year earlier

8.78 0.04 −0.45%
Market cap
$11.2B
P/E
441×
Fwd P/E
−20.7×
Dividend yield
16.3%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Insider Decisions last twelve months

Sold, $m 14.38
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — 3 1 — 1 3 — 1 1 — 1 —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 11,230.00
Revenue ttm 4,204.00
Net income ttm 103.00
Free cash flow ttm 1,137.00
Net debt Q 95,132.00
Valuation
P/E 441.00 (above 35: high)
Forward P/E (20.70) (negative: loss-making)
Price / sales 2.52
Forward P/S Powerpack
Price / FCF 9.31
Price / book 1.10
Financial health
Current ratio Q 0.27
Debt / equity Q 8.42
Interest coverage Q —
Growth
Revenue growth Q +32.45% (above 0%: growing)
Operating income growth Q −268.36% (below 0%: shrinking)
EPS, this year +2.78%
EPS, next year A −6.32% (below 0%: weak)
Revenue, next year A −57.03% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A −0.31% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 25.2×, against a ten-year median of 34.5×; over the ten years it ranged from 22.5× in 2024 to 43.4× in 2018.
P/E against its own 10 years 92.84%
10-year low 10-year high
P/S against its own 10 years 2.46%
10-year low 10-year high
P/B against its own 10 years 90.36%
10-year low 10-year high
EV/Sales against its own 10 years 15.55%
10-year low 10-year high
EV/FCF against its own 10 years 76.90%
10-year low 10-year high

Dividends

Yield
16.3%
Annual rate
1.44
Payout ratio
14,400.0%
Growth, 2017–25
−4.94%/yr
  1. 2.16 ’17
  2. 2.16 ’18 +0
  3. 2.00 ’19 −7
  4. 1.56 ’20 −22
  5. 1.44 ’21 −8
  6. 1.44 ’22 +0
  7. 1.56 ’23 +8
  8. 1.44 ’24 −8
  9. 1.44 ’25 +0
  10. 1.44 ’26e +0
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,771 1,771 1,742 2,233
Receivables 11,618 17,137 16,615 23,826
Inventory — — — —
Other — — — —
13,389 18,908 18,357 26,059
2023 2024 2025 Q'26
Payables 210 74 193 279
ST’ Debt 50,788 60,892 85,292 97,365
Other — — — —
50,998 60,966 85,485 97,644

Compound Annual Growth %

10y 5y 3y
Sales 9.16% 18.32% 30.37%
Cash Flow (7.53%) (17.87%) (13.62%)
Earnings 23.22% 0.00% 0.00%
Book Value 4.51% 2.27% 16.34%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.39 Actual 0.37

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.37 0.35 Miss by 0.02
Q1 FY26 0.36 0.42 Beat by 0.06
Q2 FY26 0.38 0.40 Beat by 0.02
Q3 FY26 0.39 0.37 Miss by 0.02
Q4 FY26 0.37 — Reports 25 January 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.17) 0.52 (1.17) — —
’25 0.02 (0.17) 0.72 0.83 1.47
’24 0.59 (0.11) 0.39 0.10 0.93
’23 (0.31) 0.43 (0.68) 0.57 0.05
’22 (1.29) (0.87) (1.31) 0.93 (2.41)
’21 1.77 (0.83) 0.35 (0.10) 1.22
’20 (4.46) 1.24 1.15 1.37 (0.66)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,050 1,014 1,196 — —
’25 846 830 903 944 3,523
’24 642 695 756 856 2,949
’23 351 457 593 640 2,041
’22 475 395 373 347 1,590
’21 557 249 293 262 1,361
’20 491 429 364 235 1,519
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 387 218 404 — —
’25 192 180 153 128 653
’24 20 (20) 7 79 86
’23 26 (61) (52) (31) (118)
’22 371 322 226 94 1,013
’21 427 344 393 376 1,540
’20 347 429 561 410 1,747
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 387 218 404 — —
’25 192 180 153 128 653
’24 20 (20) 7 79 86
’23 26 (61) (52) (31) (118)
’22 371 322 226 94 1,013
’21 427 344 393 376 1,540
’20 347 429 561 410 1,747
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,321 1,293 1,949 2,842 1,519 1,361 1,590 2,041 2,949 3,523 4,204 +11.5% 1,514 1,944 1,778 (20.4%)
Gross margin, % 70.17 59.47 39.82 24.38 55.63 94.49 60.69 (12.05) 0.61 19.16 29.31 (51.0) pt
EBT 623 771 129 688 (266) 749 (1,190) 155 863 1,670 103 +11.6%
EBT margin, % 47.16 59.63 6.62 24.21 (17.51) 55.03 (74.84) 7.59 29.26 47.40 2.45 +0.2 pt
Net income 623 771 129 688 (266) 749 (1,190) 155 863 1,670 103 +11.6%
Per share, $
Per share, $ Revenue 3.98 3.61 4.42 5.26 2.75 2.58 2.96 3.30 3.76 3.45 3.50 (1.6%)
Earnings 1.79 2.04 0.21 1.16 (0.66) 1.23 (2.41) 0.05 0.93 1.48 0.02 (2.1%)
Cash flow 4.07 3.51 2.52 2.18 3.17 2.92 1.89 (0.19) 0.11 0.64 0.95 (18.6%)
Capex 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 n/m
Free cash flow 4.07 3.51 2.52 2.18 3.17 2.92 1.89 (0.19) 0.11 0.64 0.95 (18.6%)
Book value 22.16 24.41 22.46 20.42 20.09 19.49 14.66 13.35 12.46 12.15 9.63 (6.5%)
Shares, m 332 359 441 541 552 528 537 618 783 1,020 1,125 +13.3%
Valuation, ×
Valuation, × P/E 10.20 10.17 29.23 15.24 0.00 12.43 0.00 966.00 9.49 7.60 441.00 106.0
P/S 4.67 5.53 3.97 3.36 5.66 5.84 3.53 2.93 2.45 3.10 2.52 4.1
P/B 0.88 0.86 0.82 0.95 0.90 0.90 0.90 0.90 0.89 1.05 1.10 0.9
EV/Sales 35.19 43.67 42.22 34.37 38.73 39.68 24.99 26.98 22.52 26.84 25.16 33.5
EV/FCF 34.39 44.82 73.94 82.79 33.67 35.07 39.23 (466.70) 772.09 144.78 93.03 79.4
Cash, $m
Cash, $m Operating cash flow 1,352 1,260 1,113 1,180 1,747 1,540 1,013 (118) 86 653 1,137 (7.8%)
Capex — — — — — — — — — — — —
Free cash flow 1,352 1,260 1,113 1,180 1,747 1,540 1,013 (118) 86 653 1,137 (7.8%)
Balance, $m
Balance, $m Working capital (29,306) (38,394) (53,701) (80,703) (44,672) (35,547) (27,707) (37,609) (42,058) (67,128) (71,585) +9.6%
Net debt 40,329 49,318 74,556 88,134 50,221 46,068 34,122 49,097 59,185 83,606 95,132 +8.4%
Shareholders’ equity 7,356 8,754 9,906 11,041 11,079 10,291 7,870 8,257 9,762 12,393 11,560 +6.0%
Returns, %
Returns, % ROA 1.04 1.15 0.10 0.56 (0.37) 0.87 (2.16) 0.05 0.92 1.49 (0.06) +0.5 pt
ROIC 0.82 0.83 0.10 0.43 (0.27) 0.83 (1.77) 0.17 0.78 1.09 0.06 +0.3 pt
ROE 8.12 9.59 1.05 6.43 (3.68) 7.06 (17.22) 0.50 9.91 16.27 (0.80) +8.2 pt
People
People Employees 54 56 56 51 50 50 51 53 53 54 — 0.0%
Revenue/emp, $m 24.46 23.09 34.80 55.73 30.38 27.22 31.18 38.51 55.64 65.24 — +11.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

AGNC Investment Corp. is an internally managed mortgage real estate investment trust, or REIT, that invests primarily in securities backed by U.S. residential mortgages. It was organized in 2008 and is headquartered in Bethesda, Maryland. Peter J. Federico is its chief executive officer.

Rather than selling homes or making mortgages its principal business, AGNC buys investments that receive payments from pools of home loans. Its main holdings are agency residential mortgage-backed securities, or Agency RMBS. The principal and interest payments on these securities are guaranteed by government-sponsored enterprises such as Fannie Mae and Freddie Mac, or by a U.S. government agency such as Ginnie Mae.

AGNC Investment Corp. vs peers in Reit Mortgage (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NLY Annaly Capital Management Inc $14.9B 13.2× 18.4× −76.86% (below 0%: shrinking) n/m +741.71% (above 0%: growing) (187.86%) 0.00% Compare
AGNC AGNC Investment Corp. $11.2B 441× — (loss-making) +32.45% (above 0%: growing) n/m +164.05% (above 0%: growing) 33.61% (113.46%)
RITM Rithm Capital Corp. $5.3B 14.6× 10.1× +55.62% (above 0%: growing) +8.33% (above 0%: growing) +34.64% (above 0%: growing) 100.00% 83.59% Compare
STWD STARWOOD PROPERTY TRUST, INC. $4.8B 21.8× 17.1× +15.62% (above 0%: growing) n/m +72.68% (above 0%: growing) 27.80% (2.16%) Compare
DX Dynex Capital, Inc. $2.8B 47.2× — (loss-making) +122.14% (above 0%: growing) n/m +19.26% (above 0%: growing) 100.00% 96.21% Compare
BXMT Blackstone Mortgage Trust, Inc. $1.9B — (loss-making) — (loss-making) −5.69% (below 0%: shrinking) n/m −68.73% (below 0%: shrinking) 77.32% 69.63% Compare
ARR ARMOUR Residential REIT, Inc. $1.9B — (loss-making) — (loss-making) +30.53% (above 0%: growing) n/m +361.70% (above 0%: growing) 100.00% 93.98% Compare
EFC Ellington Financial Inc. $1.5B 7.0× 5.6× +47.95% (above 0%: growing) −4.44% (below 0%: shrinking) +108.89% (above 0%: growing) 95.69% 125.46% Compare
LADR Ladder Capital Corp $1.2B 11.4× 12.9× −15.61% (below 0%: shrinking) +253.93% (above 0%: growing) +579.74% (above 0%: growing) 100.00% 54.14% Compare
Median of peers $2.3B 13.9× 12.9× +23.08% +8.33% +90.79% 97.85% 76.61%

All 37 Reit Mortgage stocks →

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 40.86%
Held by the ten largest 25.50%
Holder Shares Stake Change
Vanguard 106.79m 9.17% +3.87m
BlackRock 64.59m 5.55% +4.17m
UBS 30.66m 2.63% +4.32m
Geode Capital Management 24.49m 2.10% +3.59m
State Street 20.64m 1.77% +1.57m
Norges Bank 15.47m 1.33% +15.47m
EQUITY INVESTMENT CORP 9.74m 0.84% +41.78k
Victory Capital 8.78m 0.75% +1.31m
Charles Schwab 8.15m 0.70% +430.80k
Northern Trust 7.51m 0.64% +431.65k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 6 March 2026

Ownership

Directors and executive officers, together less than 1%
The Vanguard Group3 5.64%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

AGNC Investment Corp. (AGNC) Latest News

29 Oct

Impact 3 · · Zacks

28 Oct

Impact 3 · · The Motley Fool

27 Oct

Impact 3 · · The Motley Fool

26 Oct

Impact 4 · · The Motley Fool
Impact 4 · · 24/7 Wall St.

25 Oct

Impact 3 · · The Motley Fool

24 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

23 Oct

Impact 4 · · 24/7 Wall St.

22 Oct

Impact 4 · · Zacks
Impact 3 · · The Motley Fool
Impact 3 · · Zacks

21 Oct

Impact 3 · · Benzinga

20 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · The Motley Fool
Impact 4 · · The Motley Fool
Impact 4 · · MarketBeat
Impact 4 · · The Motley Fool
Impact 4 · · Moby transcript
Impact 3 · · The Motley Fool
Impact 3 · · MT Newswires
Impact 3 · · The Motley Fool transcript
Impact 3 · · Zacks

19 Oct

Impact 4 · · PR Newswire
Impact 3 · · Zacks
Impact 3 · · Associated Press earnings

17 Oct

Impact 4 · · Simply Wall St.

16 Oct

Impact 3 · · Zacks

15 Oct

Impact 3 · · Zacks
Impact 3 · · Insider Monkey

AGNC metrics, ten years each

stockrow.com/AGNC · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com