INVESCO MORTGAGE CAPITAL INC

IVR Real Estate Reit Mortgage

INVESCO MORTGAGE CAPITAL INC’s revenue for fiscal 2025 (year ended December 2025) was $295.3 million, up 3.05% from fiscal 2024. In the quarter to June 2026, revenue grew 20.9%, EPS grew 185.0%, free cash flow grew 3.93% and total debt rose 34.0%, each against the same quarter a year earlier. Revenue growth for three consecutive years; insiders bought in the last twelve months.

5.53 0.11 −1.95%
Market cap
$607.1M
P/E
3.7×
Fwd P/E
10.2×
Dividend yield
26.0%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
P/E ratio
6.57 12.38 0.00 0.00 0.00 0.00 6.85 0.00 6.15 7.08
Piotroski F-Score
6 5 5 4 7 5 7 5 6 7
P/S ratio
1.90 1.51 1.37 2.31 4.52 2.10 2.83 2.51 3.61 3.46
P/FCF ratio
3.58 2.36 1.61 2.29 5.02 3.44 6.42 5.31 6.77 5.60
P/Operating CF
9.40 7.00 12.07 6.49 18.28 21.95 17.56 19.58 22.78 37.38
P/B ratio
0.89 0.78 0.77 0.89 0.79 0.73 0.93 0.94 0.94 0.83
Price to Tangible BV
0.89 0.78 0.77 0.89 0.79 0.73 0.93 0.94 0.94 0.83
EV/Sales
22.88 20.44 19.37 26.45 46.78 29.14 27.10 26.02 32.57 30.71
EV/EBITDA
130.18 1,265.60 990.46 52.82 46.83 54.93 74.57 61.12 51.17 39.56
EV/Operating CF
43.00 31.97 22.63 26.24 51.98 47.89 61.44 55.00 61.09 49.70
EV/FCF
43.00 31.97 22.63 26.24 51.98 47.89 61.44 55.00 61.09 49.70
Quick Ratio
0.03 0.04 0.04 0.07 0.08 0.05 0.02 0.01 0.01 0.01
Current Ratio
0.03 0.04 0.04 0.07 0.08 0.05 0.02 0.01 0.01 0.01
Net Debt/EBITDA
105.08 1,012.12 783.96 40.61 37.92 46.00 66.78 55.22 45.49 35.11
Debt/Assets
86.77% 86.04% 84.38% 83.08% 82.76% 83.73% 85.84% 85.62% 85.08% 84.09%
Debt/Equity
7.05 6.70 5.70 5.27 4.98 5.29 6.54 6.67 5.97 5.82
Asset Turnover
0.05 0.05 0.05 0.03 0.02 0.02 0.04 0.04 0.03 0.03
Operating CF/Net income
1.78 5.27 (6.33) (0.47) (1.15) (0.10) 1.07 (2.64) 0.91 1.28
Capex/Depreciation
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
ROE
14.84% 6.62% (7.51%) (56.36%) (14.90%) (108.36%) 15.62% (6.04%) 15.72% 11.67%
ROA
1.45% 0.63% (0.72%) (6.16%) (1.55%) (11.10%) 1.59% (0.63%) 1.87% 1.43%
ROIC
0.57% 0.20% 0.37% 1.54% 1.22% 1.19% 0.74% 0.92% 1.03% 1.14%
Return on Tangible Assets
(1.61%) (0.74%) 0.88% 10.48% 2.07% 25.13% (1.85%) 0.85% (2.29%) (2.10%)
Average Days of Receivables
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Research and Development Expense of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Selling, General and Administrative Expense of Revenue
6.29% 6.64% 7.10% 13.02% 17.28% 14.36% 5.93% 7.43% 8.21% 8.73%
Intangible Assets out of Total Assets
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Share Based Compensation of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Graham Net Nets
(9.80) (10.96) (11.26) (8.93) (8.45) (11.70) (8.68) (9.52) (8.08) (8.02)
Graham Number
16.49 12.30 0.00 0.00 0.00 0.00 312.86 0.00 348.03 288.73
Earnings Yield
15.22% 8.07% (9.23%) (96.20%) (17.63%) (327.22%) 14.59% (7.11%) 16.27% 14.13%
Free Cash Flow Yield
27.93% 42.31% 62.23% 43.62% 19.91% 29.03% 15.59% 18.82% 14.76% 17.86%
Revenue per Share
4.42 5.33 6.31 5.69 6.15 16.13 58.83 57.60 48.84 42.75
Operating CF per Share
2.35 3.41 5.40 5.74 5.54 9.81 25.95 27.25 26.04 26.42
Capex per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Free Cash Flow per Share
2.35 3.41 5.40 5.74 5.54 9.81 25.95 27.25 26.04 26.42
Cash per Share
2.49 3.92 4.51 8.16 20.97 22.60 21.88 12.15 7.97 14.45
Shareholders Equity per Share
11.92 13.59 17.76 23.54 50.96 78.69 221.60 204.83 238.05 202.74
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
11.92 13.59 17.76 23.54 50.96 78.69 221.60 204.83 238.05 202.74
Free Cash Flow
157.09 183.16 237.79 196.08 152.29 170.46 343.36 304.26 290.60 295.80
Working Capital
(5,483.07) (4,717.41) (4,277.14) (3,977.95) (6,413.84) (6,838.39) (17,288.36) (13,506.18) (14,011.85) (11,021.48)
Capital Expenditures
— — — — — — — (51.02) (3.46) —
Net Current Asset Value
(5,511.92) (4,746.42) (4,302.91) (4,014.54) (6,464.65) (6,873.11) (19,125.15) (15,391.19) (15,911.38) (13,274.26)
EV/EBIT
118.80 337.52 181.52 43.74 51.73 52.36 81.18 65.27 58.46 52.60
Capex to Sales
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Operating Income
9.89 24.95 12.89 3.82 5.00 3.77 8.48 6.31 6.48 5.92
Other line items
Depreciation/Fixed assets
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash ROIC
2.39% 3.14% 4.37% 3.69% 1.70% 1.90% 1.53% 1.72% 1.56% 1.89%
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover
137.46 171.33 171.54 31.71 (6.77) 54.70 290.30 174.05 105.30 80.49
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Days of Payables
2.62 2.37 2.07 9.66 (61.01) 6.42 1.21 1.82 4.08 3.56
Days of Inventory on Hand
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Payables
1.60 1.46 1.33 1.63 1.67 1.50 1.63 1.95 1.87 1.96
Average Assets
6,081.96 5,486.12 5,190.80 6,770.62 8,538.35 15,489.70 20,080.03 18,235.39 17,181.75 16,236.78
Average Common Equity
594.12 525.31 499.77 739.77 889.00 1,586.20 2,045.97 1,908.46 2,039.26 1,983.33

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