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

PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 12.3% from fiscal 2024. In the quarter to June 2026, revenue grew 3.60%, EPS grew 675.0%, free cash flow fell 46.0% and total debt rose 72.0%, each against the same quarter a year earlier. Dividend growth for three consecutive years; insiders bought in the last twelve months.

6.92 0.14 −1.98%

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Market cap: $615.7M
P/E: 4.9×
Fwd P/E: 8.4×
Dividend yield: 23.1%
F-score: 3/9
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 0.14

Total sells 0.06

Totals in millions of $.

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

Insider Ownership 1.22%

Capital & Financial Ratios $m

Market Cap 615.65

Revenue 1,218.05

Net Income 166.19

Free Cash Flow (10,074.29)

Net Debt 20,018.26

Current Ratio 1.46

Debt/Equity 11.03

P/E ratio 4.87

Fwd P/E 8.39

P/S ratio 0.50

P/B ratio 0.46

Past 5Y EPS Growth 29.67%

This Y EPS Growth 2.20%

Next Y EPS Growth 34.63%

Next Y revenue growth (70.48%)

Next 5Y EPS Growth 13.94%

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 3.30%

10-year low 10-year high

P/S against its own 10 years 0.07%

10-year low 10-year high

P/B against its own 10 years 0.44%

10-year low 10-year high

EV/Sales against its own 10 years 90.20%

10-year low 10-year high

Dividends

Payout Ratio 1.13

Annual Dividend Rate 1.60

Annual Dividend Yield 23.12%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.60	0.40 0.40 0.40
2025	1.60	0.40 0.40 0.40 0.40
2024	1.60	0.40 0.40 0.40 0.40
2023	1.60	0.40 0.40 0.40 0.40
2022	1.81	0.47 0.47 0.47 0.40
2021	1.88	0.47 0.47 0.47 0.47
2020	1.52	0.25 0.40 0.40 0.47
2019	1.88	0.47 0.47 0.47 0.47
2018	1.88	0.47 0.47 0.47 0.47
2017	1.88	0.47 0.47 0.47 0.47
2016	1.88	0.47 0.47 0.47 0.47

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	409	441	462	421
Receivables	0	16	19	17
Inventory	—	—	—	—
Other	—	—	—	—
	2,512	4,767	11,714	16,092

	2023	2024	2025	Q'26
Payables	355	139	168	136
ST’ Debt	5,625	6,501	8,019	8,395
Other	—	—	—	—
	8,890	9,570	10,445	11,012

Compound Annual Growth %

	10y	5y	3y
Sales	12.17%	9.74%	18.15%
Cash Flow	0.00%	0.00%	0.00%
Earnings	(0.27%)	25.95%	0.00%
Book Value	2.35%	(3.85%)	(1.30%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	82	73	—	—	—
’25	44	70	99	964	1,178
’24	74	71	81	823	1,049
’23	90	90	163	821	1,165
’22	82	22	151	460	714
’21	278	201	123	123	725
’20	(425)	619	280	266	740

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(2,529)	(2,939)	—	—	—
’25	(594)	(2,016)	(1,298)	(3,306)	(7,213)
’24	(342)	244	(984)	(1,621)	(2,703)
’23	(1,276)	2,020	64	533	1,340
’22	1,747	(69)	(402)	509	1,784
’21	(1,869)	(999)	154	(105)	(2,820)
’20	1,705	903	(1,955)	19	672

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(2,530)	(2,941)	—	—	—
’25	(594)	(2,015)	(1,298)	(3,305)	(7,213)
’24	(502)	377	(985)	(1,621)	(2,731)
’23	(1,275)	2,021	50	534	1,331
’22	1,750	(69)	(398)	509	1,792
’21	(3,116)	(914)	139	1,608	(1,106)
’20	106	2,346	(1,762)	26	715

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.16	0.23	—	—	—
’25	(0.01)	(0.04)	0.55	0.48	0.99
’24	0.39	0.17	0.36	0.41	1.37
’23	0.50	0.16	0.51	0.44	1.63
’22	(0.32)	(0.88)	0.01	(0.07)	(1.26)
’21	0.67	0.32	(0.45)	(0.28)	0.26
’20	(5.99)	4.51	0.94	0.78	0.27

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	10.91	14.87	15.44	18.39	3.50	16.76	10.78	10.52	12.33	11.60	Analyst estimates 2026–2028 Powerpack
	High	17.38	18.46	21.35	23.35	23.79	21.53	18.67	15.89	15.22	14.93
People
People	Employees	3	3	3	1	1	1	—	7	7	7
	Revenue/emp, $m	140.62	156.44	175.41	786.26	740.12	725.03	0.00	166.43	149.84	168.27
Income, $m
Income, $m	Revenue	422	469	526	786	740	725	714	1,165	1,049	1,178
	Gross margin, %	83.11	86.01	87.36	89.15	86.26	83.66	84.18	90.55	89.33	90.48
	EBT	62	125	158	191	80	45	63	244	143	94
	EBT margin, %	14.64	26.54	30.02	24.25	10.77	6.16	8.83	20.98	13.60	7.97
	Net income	76	118	153	226	52	57	(73)	200	161	128
	Depreciation	13	117	(9)	0	19	27	17	15	23	20
Per share, $
Per share, $	Revenue	6.15	7.10	8.64	9.95	7.45	7.44	7.81	13.33	12.08	13.54
	Earnings	1.09	1.53	2.09	2.54	0.27	0.26	(1.26)	1.80	1.37	0.99
	Cash flow	(9.05)	3.37	(9.42)	(37.79)	6.76	(28.95)	19.52	15.34	(31.13)	(82.92)
	Capex	3.38	2.54	1.63	0.95	0.44	17.59	0.09	(0.11)	(0.32)	0.00
	Free cash flow	(5.67)	5.91	(7.79)	(36.84)	7.20	(11.36)	19.60	15.23	(31.46)	(82.92)
	Book value	19.68	23.35	25.72	31.03	23.11	24.31	21.47	22.40	22.33	21.70
	Shares, m	69	66	61	79	99	97	91	87	87	87
Valuation, ×
Valuation, ×	P/E	15.07	10.33	8.91	8.71	54.97	66.65	0.00	8.33	9.19	12.81
	P/S	2.70	2.24	2.15	2.24	2.36	2.33	1.63	1.13	1.04	0.93
	P/B	0.84	0.85	0.90	0.82	0.88	0.92	0.82	0.93	0.78	0.81
	EV/Sales	12.78	10.09	12.31	11.32	11.11	14.01	13.13	7.26	9.35	14.83
	EV/FCF	(13.84)	12.11	(13.69)	(3.06)	11.49	(4.45)	2.63	6.36	(3.59)	(2.42)
Cash, $m
Cash, $m	Operating cash flow	(622)	223	(574)	(2,985)	672	(2,820)	1,784	1,340	(2,703)	(7,213)
	Capex	232	168	99	75	44	1,713	8	(9)	(28)	0
	Free cash flow	(389)	391	(475)	(2,910)	715	(1,106)	1,792	1,331	(2,731)	(7,213)
Balance, $m
Balance, $m	Working capital	(315)	(931)	(3,233)	(3,927)	(4,543)	(3,257)	(5,878)	(6,378)	(4,803)	1,268
	Total debt	4,410	3,780	5,481	7,336	6,658	8,694	8,578	7,562	9,159	16,836
	Net debt	4,253	3,684	5,346	7,141	6,473	8,467	8,214	7,152	8,718	16,374
	Shareholders’ equity	1,351	1,545	1,566	2,451	2,297	2,368	1,963	1,957	1,939	1,887
Returns, %
Returns, %	ROA	1.24	1.70	1.89	2.05	0.23	0.20	(0.83)	1.17	0.87	0.48
	ROIC	2.79	3.67	3.29	3.41	2.84	2.33	3.13	6.92	5.21	3.38
	ROE	5.33	7.82	10.12	11.75	1.31	1.34	(7.09)	11.13	8.47	6.27

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
ARI Apollo Commercial Real Estate Finance	$824.0M	8.0×	31.6×	−37.40% (below 0%: shrinking)	−8.33% (below 0%: shrinking)	−20.13% (below 0%: shrinking)	91.99%	16.46%	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%
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%	Compare
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
Median of peers	$642.2M	7.2×	13.3×	+7.29%	−8.33%	+119.01%	76.43%	17.58%

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