Saturday 17 October 2026 Export IVR’s income statement to Excel — free account

INVESCO MORTGAGE CAPITAL INC

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%

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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

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.02

Total sells 0.05

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	1	—	—	1	—	—	—	—	—
Sell	1	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 607.09

Revenue 315.87

Net Income 120.07

Free Cash Flow 166.02

Net Debt 5,969.87

Current Ratio 0.04

Debt/Equity 6.27

P/E ratio 3.74

Fwd P/E 10.20

P/S ratio 1.66

P/B ratio 0.63

Past 5Y EPS Growth —

This Y EPS Growth (17.75%)

Next Y EPS Growth (14.05%)

Next Y revenue growth (46.92%)

Next 5Y EPS Growth (9.45%)

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

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 6.96%

10-year low 10-year high

P/S against its own 10 years 20.57%

10-year low 10-year high

P/B against its own 10 years 3.43%

10-year low 10-year high

EV/Sales against its own 10 years 31.00%

10-year low 10-year high

EV/FCF against its own 10 years 48.36%

10-year low 10-year high

Dividends

Payout Ratio 0.97

Annual Dividend Rate 1.44

Annual Dividend Yield 26.04%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.08	0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12
2025	0.94	0.34 0.34 0.34 0.36
2024	1.60	0.40 0.40 0.40 0.40
2023	2.25	0.65 0.40 0.40 0.40 0.40
2022	3.35	0.90 0.90 0.90 0.65
2021	3.59	0.80 0.90 0.90 0.09 0.90
2020	6.20	0.50 5.00 0.20 0.50
2019	18.50	4.50 4.50 4.50 5.00
2018	17.28	4.20 4.20 0.48 4.20 4.20
2017	16.30	4.00 4.00 4.10 4.20
2016	16.40	4.00 0.40 4.00 4.00 4.00

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	199	211	166	241
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	199	211	166	241

	2023	2024	2025	Q'26
Payables	1	2	2	2
ST’ Debt	4,459	4,894	5,619	6,210
Other	—	—	—	—
	4,476	4,928	5,649	6,225

Compound Annual Growth %

	10y	5y	3y
Sales	(7.59%)	1.06%	14.93%
Cash Flow	(7.92%)	(1.62%)	(7.13%)
Earnings	(0.19%)	0.00%	0.00%
Book Value	(9.92%)	(10.22%)	(0.27%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	80	85	—	—	—
’25	74	71	73	78	295
’24	69	68	74	76	287
’23	69	71	75	62	278
’22	42	45	50	58	195
’21	40	43	43	43	169
’20	187	30	27	36	280

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	27	42	—	—	—
’25	19	41	37	60	157
’24	57	33	31	62	183
’23	67	87	52	32	238
’22	40	41	46	69	196
’21	35	39	37	42	152
’20	110	21	13	27	170

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	27	42	—	—	—
’25	19	41	37	60	157
’24	57	33	31	62	183
’23	67	87	52	32	238
’22	40	41	46	69	196
’21	35	39	37	42	152
’20	110	21	13	27	170

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.28)	0.34	—	—	—
’25	0.26	(0.40)	0.74	0.68	1.32
’24	0.49	(0.38)	0.63	(0.09)	0.65
’23	0.39	(0.03)	(1.62)	0.46	(0.85)
’22	(7.20)	(3.52)	(2.78)	0.84	(12.21)
’21	(0.90)	(3.40)	1.70	(2.30)	(4.80)
’20	(103.80)	(18.00)	5.30	5.90	(98.90)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	97.40	141.50	136.70	142.50	18.20	26.30	9.60	6.34	7.60	5.86	Analyst estimates 2026–2028 Powerpack
	High	162.80	188.60	179.20	173.30	183.00	46.00	30.20	15.56	9.97	9.06
People
People	Employees	—	—	—	—	—	—	—	—	—	—
	Revenue/emp, $m	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income, $m
Income, $m	Revenue	479	545	643	778	280	169	195	278	287	295
	Gross margin, %	67.13	63.93	47.30	39.32	70.64	106.67	73.49	17.88	12.85	25.54
	EBT	258	353	(71)	364	(1,674)	(90)	(403)	(16)	60	101
	EBT margin, %	53.83	64.77	(10.97)	46.78	(597.63)	(53.19)	(207.15)	(5.71)	20.90	34.30
	Net income	258	353	(71)	364	(1,674)	(90)	(403)	(16)	60	101
	Depreciation	92	43	17	23	(7)	16	(20)	(24)	(13)	(5)
Per share, $
Per share, $	Revenue	42.75	48.84	57.60	58.83	16.13	6.15	5.69	6.31	5.33	4.42
	Earnings	20.70	28.70	(10.30)	24.20	(98.90)	(4.80)	(12.21)	(0.85)	0.65	1.32
	Cash flow	26.42	26.04	27.25	25.95	9.81	5.54	5.74	5.40	3.41	2.35
	Capex	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	Free cash flow	26.42	26.04	27.25	25.95	9.81	5.54	5.74	5.40	3.41	2.35
	Book value	202.74	238.05	204.83	221.60	78.69	50.96	23.54	17.76	13.59	11.92
	Shares, m	11	11	11	13	17	28	34	44	54	67
Valuation, ×
Valuation, ×	P/E	7.08	6.15	0.00	6.85	0.00	0.00	0.00	0.00	12.38	6.57
	P/S	3.46	3.61	2.51	2.83	2.10	4.52	2.31	1.37	1.51	1.90
	P/B	0.83	0.94	0.94	0.93	0.73	0.79	0.89	0.77	0.78	0.89
	EV/Sales	30.71	32.57	26.02	27.10	29.14	46.78	26.45	19.37	20.44	22.88
	EV/FCF	49.70	61.09	55.00	61.44	47.89	51.98	26.24	22.63	31.97	43.00
Cash, $m
Cash, $m	Operating cash flow	296	291	304	343	170	152	196	238	183	157
	Capex	—	(3)	(51)	—	—	—	—	—	—	—
	Free cash flow	296	291	304	343	170	152	196	238	183	157
Balance, $m
Balance, $m	Working capital	(11,021)	(14,012)	(13,506)	(17,288)	(6,838)	(6,414)	(3,978)	(4,277)	(4,717)	(5,483)
	Total debt	13,208	15,874	15,252	19,182	7,229	6,988	4,235	4,459	4,894	5,619
	Net debt	13,046	15,785	15,117	18,893	6,836	6,411	3,956	4,260	4,683	5,453
	Shareholders’ equity	2,270	2,657	2,287	2,932	1,367	1,402	804	783	731	798
Returns, %
Returns, %	ROA	1.43	1.87	(0.63)	1.59	(11.10)	(1.55)	(6.16)	(0.72)	0.63	1.45
	ROIC	1.14	1.03	0.92	0.74	1.19	1.22	1.54	0.37	0.20	0.57
	ROE	11.67	15.72	(6.04)	15.62	(108.36)	(14.90)	(56.36)	(7.51)	6.62	14.84

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CIM Chimera Investment Corporation	$715.7M	— (loss-making)	16.4×	+10.10% (above 0%: growing)	n/m	−4,466.16% (below 0%: shrinking)	100.00%	1.81%	Compare
ADAM Adamas Trust, Inc.	$700.2M	4.5×	9.5×	+23.77% (above 0%: growing)	n/m	+171.68% (above 0%: growing)	26.87%	30.52%	Compare
MFA MFA Financial, Inc.	$677.3M	6.5×	10.1×	+4.48% (above 0%: growing)	+59.09% (above 0%: growing)	+162.56% (above 0%: growing)	100.00%	78.90%	Compare
PMT PennyMac Mortgage Investment Trust	$615.7M	4.9×	8.4×	+3.60% (above 0%: growing)	n/m	−45.97% (below 0%: shrinking)	63.63%	34.80%	Compare
IVR INVESCO MORTGAGE CAPITAL INC	$607.1M	3.7×	10.2×	+20.93% (above 0%: growing)	n/m	+3.93% (above 0%: growing)	35.24%	28.86%
ABR Arbor Realty Trust	$522.4M	38.6×	22.1×	−2.77% (below 0%: shrinking)	n/m	+172.80% (above 0%: growing)	19.79%	(4.57%)	Compare
FBRT Franklin BSP Realty Trust, Inc.	$520.7M	14.1×	9.4×	+32.33% (above 0%: growing)	−36.84% (below 0%: shrinking)	+87.71% (above 0%: growing)	90.86%	18.69%	Compare
BRSP BrightSpire Capital, Inc.	$479.5M	— (loss-making)	25.0×	−9.80% (below 0%: shrinking)	n/m	+150.31% (above 0%: growing)	61.99%	(40.13%)	Compare
TRTX TPG RE Finance Trust, Inc.	$454.5M	10.7×	10.5×	−6.05% (below 0%: shrinking)	−42.86% (below 0%: shrinking)	−70.48% (below 0%: shrinking)	100.00%	49.39%	Compare
Median of peers	$569.0M	8.6×	10.3×	+4.04%	−36.84%	+119.01%	77.25%	24.61%

All 37 Reit Mortgage stocks →

INVESCO MORTGAGE CAPITAL INC (IVR) key facts

Strength: INVESCO MORTGAGE CAPITAL INC’s revenue for fiscal 2025 (year ended December 2025) was $295.3 million, up 3.05% from fiscal 2024.
INVESCO MORTGAGE CAPITAL INC (IVR) is a Reit Mortgage company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 16, 2026, IVR traded at $5.53, a market capitalization of $607.1 million.
INVESCO MORTGAGE CAPITAL INC pays an annual dividend of $1.44 per share, a yield of 26.0%, with a payout ratio of 97.3%.
Return on equity was 14.8% and debt-to-equity 6.27.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.