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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. In the quarter to June 2026, revenue grew 22.2%, EPS grew 411.8%, free cash flow grew 21.1% and total debt rose 29.8%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for three.

8.73 0.09 −1.02%
Market cap
$10.5B
P/E
4.5×
Fwd P/E
9.4×
Dividend yield
17.9%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 12.79
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 1 — 3 1 — 1 3 — 1 1 — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 10,460.00
Revenue 3,911.00
Net Income 2,266.00
Free Cash Flow 886.00
Net Debt 88,159.00
Current Ratio 0.23
Debt/Equity 7.17
P/E ratio 4.55
Fwd P/E 9.43
P/S ratio 2.58
P/B ratio 0.96
Past 5Y EPS Growth —
This Y EPS Growth 4.31%
Next Y EPS Growth (6.93%) (below 0%: weak)
Next Y revenue growth (58.30%) (below 0%: weak)
Next 5Y EPS Growth (0.96%) (below 0%: weak)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 25.1×, 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 7.60%
10-year low 10-year high
P/S against its own 10 years 3.28%
10-year low 10-year high
P/B against its own 10 years 63.07%
10-year low 10-year high
EV/Sales against its own 10 years 15.26%
10-year low 10-year high
EV/FCF against its own 10 years 76.93%
10-year low 10-year high

Dividends

Payout Ratio 0.82
Annual Dividend Rate 1.56
Annual Dividend Yield 17.87%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.44
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
2025 1.44
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
2024 1.44
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
2023 1.56
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
2022 1.44
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
2021 1.44
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
2020 1.56
0.16
0.16
0.16
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
2019 2.00
0.18
0.18
0.18
0.18
0.16
0.16
0.16
0.16
0.16
0.16
0.16
0.16
2018 2.16
0.18
0.18
0.18
0.18
0.18
0.18
0.18
0.18
0.18
0.18
0.18
0.18
2017 2.16
0.18
0.18
0.18
0.18
0.18
0.18
0.18
0.18
0.18
0.18
0.18
0.18
2016 2.30
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.18
0.18
0.18
0.18
0.18
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,771 1,771 1,742 1,786
Receivables 11,618 17,137 16,615 18,834
Inventory — — — —
Other — — — —
13,389 18,908 18,357 20,620
2023 2024 2025 Q'26
Payables 210 74 193 312
ST’ Debt 50,788 60,892 85,292 89,945
Other — — — —
50,998 60,966 85,485 90,257

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%

Revenue $m

Mar Jun Sep Dec Year
’26 1,050 1,014 — — —
’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 — — —
’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 — — —
’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.

EPS $

Mar Jun Sep Dec Year
’26 (0.17) 0.52 — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

2.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 15.69 18.10 16.96 14.51 6.25 14.42 7.30 6.81 8.92 7.85

Analyst estimates 2026–2028

Powerpack
High 20.43 22.34 20.26 18.29 19.65 18.84 15.66 12.25 10.85 10.93
People
People Employees 54 56 56 51 50 50 51 53 53 54
Revenue/emp, $m 24.46 23.09 34.80 55.73 30.38 27.22 31.18 38.51 55.64 65.24
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
Gross margin, % 70.17 59.47 39.82 24.38 55.63 94.49 60.69 (12.05) 0.61 19.16
EBT 623 771 129 688 (266) 749 (1,190) 155 863 1,670
EBT margin, % 47.16 59.63 6.62 24.21 (17.51) 55.03 (74.84) 7.59 29.26 47.40
Net income 623 771 129 688 (266) 749 (1,190) 155 863 1,670
Depreciation 441 381 356 601 1,082 369 13 201 123 177
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
Earnings 1.79 2.04 0.21 1.16 (0.66) 1.23 (2.41) 0.05 0.93 1.48
Cash flow 4.07 3.51 2.52 2.18 3.17 2.92 1.89 (0.19) 0.11 0.64
Capex 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Free cash flow 4.07 3.51 2.52 2.18 3.17 2.92 1.89 (0.19) 0.11 0.64
Book value 22.16 24.41 22.46 20.42 20.09 19.49 14.66 13.35 12.46 12.15
Shares, m 332 359 441 541 552 528 537 618 783 1,020
Valuation, ×
Valuation, × P/E 10.20 10.17 29.23 15.24 0.00 12.43 0.00 966.00 9.49 7.60
P/S 4.67 5.53 3.97 3.36 5.66 5.84 3.53 2.93 2.45 3.10
P/B 0.88 0.86 0.82 0.95 0.90 0.90 0.90 0.90 0.89 1.05
EV/Sales 35.19 43.67 42.22 34.37 38.73 39.68 24.99 26.98 22.52 26.84
EV/FCF 34.39 44.82 73.94 82.79 33.67 35.07 39.23 (466.70) 772.09 144.78
Cash, $m
Cash, $m Operating cash flow 1,352 1,260 1,113 1,180 1,747 1,540 1,013 (118) 86 653
Capex — — — — — — — — — —
Free cash flow 1,352 1,260 1,113 1,180 1,747 1,540 1,013 (118) 86 653
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)
Total debt 41,611 50,681 76,076 89,416 52,545 47,593 36,456 50,868 60,956 85,348
Net debt 40,329 49,318 74,556 88,134 50,221 46,068 34,122 49,097 59,185 83,606
Shareholders’ equity 7,356 8,754 9,906 11,041 11,079 10,291 7,870 8,257 9,762 12,393
Returns, %
Returns, % ROA 1.04 1.15 0.10 0.56 (0.37) 0.87 (2.16) 0.05 0.92 1.49
ROIC 0.82 0.83 0.10 0.43 (0.27) 0.83 (1.77) 0.17 0.78 1.09
ROE 8.12 9.59 1.05 6.43 (3.68) 7.06 (17.22) 0.50 9.91 16.27
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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 $13.9B 4.6× 7.0× +76.43% (above 0%: growing) +3,433.33% (above 0%: growing) +1,001.47% (above 0%: growing) 40.28% 0.00% Compare
AGNC AGNC Investment Corp. $10.5B 4.5× 9.4× +22.17% (above 0%: growing) n/m +21.11% (above 0%: growing) 30.08% 64.50%
RITM Rithm Capital Corp. $4.9B 12.3× 7.5× −22.48% (below 0%: shrinking) −77.48% (below 0%: shrinking) +117.58% (above 0%: growing) 100.00% 79.13% Compare
STWD STARWOOD PROPERTY TRUST, INC. $4.7B 21.1× 17.8× +15.62% (above 0%: growing) −97.37% (below 0%: shrinking) +72.68% (above 0%: growing) 27.80% (2.16%) Compare
DX Dynex Capital, Inc. $2.8B 4.1× 28.2× +170.93% (above 0%: growing) n/m +163.96% (above 0%: growing) 100.00% 94.64% Compare
ARR ARMOUR Residential REIT, Inc. $1.9B 3.5× 8.3× +45.88% (above 0%: growing) n/m +741.92% (above 0%: growing) 100.00% 93.50% Compare
BXMT Blackstone Mortgage Trust, Inc. $1.8B 117× 22.4× −3.29% (below 0%: shrinking) n/m +3.93% (above 0%: growing) 78.86% 71.19% Compare
EFC Ellington Financial Inc. $1.5B 7.1× 6.4× +47.95% (above 0%: growing) −4.44% (below 0%: shrinking) +108.89% (above 0%: growing) 95.69% 125.46% Compare
LADR Ladder Capital Corp $1.1B 21.7× 19.0× +4.91% (above 0%: growing) −14.29% (below 0%: shrinking) −9.50% (below 0%: shrinking) 100.00% 60.88% Compare
Median of peers $2.3B 9.7× 13.1× +30.75% −14.29% +113.24% 97.85% 75.16%

All 37 Reit Mortgage stocks →

AGNC Investment Corp. (AGNC) key facts

  • Strength: AGNC Investment Corp.’s revenue for fiscal 2025 (year ended December 2025) was $3.5 billion, up 19.5% from fiscal 2024.
  • AGNC Investment Corp. (AGNC) is a Reit Mortgage company in the Real Estate sector, listed on Nasdaq.
  • As of October 16, 2026, AGNC traded at $8.73, a market capitalization of $10.5 billion.
  • AGNC Investment Corp. pays an annual dividend of $1.56 per share, a yield of 17.9%, with a payout ratio of 82.1%.
  • Return on equity was 16.3% and debt-to-equity 7.17.
  • Its Piotroski F-score is 5 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

AGNC Investment Corp. (AGNC) Latest News

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stockrow.com/AGNC · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com