Granite Point Mortgage Trust Inc. (GPMT) vs TPG Mortgage Investment Trust Inc. (MITT)

Granite Point Mortgage Trust Inc. and TPG Mortgage Investment Trust Inc. are both Reit Mortgage companies. TPG Mortgage Investment Trust Inc. is the larger, with a market value of $158.7M against $18.0M — 8.8× the size. Granite Point Mortgage Trust Inc. has negative trailing earnings, so its P/E is not meaningful; TPG Mortgage Investment Trust Inc. trades at 6.8×. TPG Mortgage Investment Trust Inc. grew revenue faster over the last twelve months: 18.8% against −39.1%. TPG Mortgage Investment Trust Inc. has the higher net margin (4.47% vs −752.8%) and the higher return on invested capital (4.05% vs 0.00%). Both pay a dividend; TPG Mortgage Investment Trust Inc. yields more (19.0% vs 4.36%). Across the 17 metrics below, TPG Mortgage Investment Trust Inc. leads on 13 and Granite Point Mortgage Trust Inc. on 4.

Valuation

Metric GPMT MITT Reit Mortgage median
P/E n/m 6.76 14.55
P/S 0.85 0.31 1.72
P/B 0.04 0.49 0.52
Price to free cash flow n/m 1.97 4.35
EV/EBITDA n/m 15.72 28.27
EV/Sales 49.88 16.03 15.73
Earnings yield (547.68%) 14.80% 0.23%
Free cash flow yield (18.88%) 50.74% 13.86%

Profitability

Metric GPMT MITT Reit Mortgage median
Gross margin 100.00% 100.00% 100.00%
Operating margin 0.00% 98.41% 31.94%
Net margin (752.78%) 4.47% (1.81%)
Free cash flow margin 8.75% 15.68% 27.05%
Return on equity (31.06%) 7.17% (0.49%)
Return on assets (10.05%) 0.30% (0.06%)
Return on invested capital 0.00% 4.05% 0.79%

Growth

Metric GPMT MITT Reit Mortgage median
Revenue growth (TTM) (39.08%) 18.75% 1.39%
EPS growth (last fiscal year) 73.58% (26.83%) 45.25%
Revenue growth, 5-year CAGR (22.97%) 45.16% 14.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric GPMT MITT Reit Mortgage median
Debt to equity 0.00 13.45 2.91
Current ratio 0.00 0.00 0.82
Net debt to EBITDA (94.92) 15.82 18.31

Dividend

Metric GPMT MITT Reit Mortgage median
Dividend yield 4.36% 19.00% 17.37%
Payout ratio — 1.28 1.87

Size

Metric GPMT MITT Reit Mortgage median
Market cap 17.98m 158.70m 409.49m

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