INVESCO MORTGAGE CAPITAL INC (IVR) vs Orchid Island Capital, Inc. (ORC)

INVESCO MORTGAGE CAPITAL INC and Orchid Island Capital, Inc. are both Reit Mortgage companies. Orchid Island Capital, Inc. is the larger, with a market value of $1.0B against $607.1M — 1.7× the size. Orchid Island Capital, Inc. trades at the lower P/E: 3.4× against 3.7×. Orchid Island Capital, Inc. grew revenue faster over the last twelve months: 79.8% against 7.29%. Orchid Island Capital, Inc. has the higher net margin (43.5% vs 33.9%) and the higher return on invested capital (34.8% vs 0.69%). Both pay a dividend; Orchid Island Capital, Inc. yields more (28.6% vs 28.2%). Across the 23 metrics below, Orchid Island Capital, Inc. leads on 17 and INVESCO MORTGAGE CAPITAL INC on 6.

Valuation

Metric IVR ORC Reit Mortgage median
P/E 3.74 3.36 7.10
P/S 1.66 1.77 1.77
P/B 0.63 0.69 0.55
Price to free cash flow 3.16 4.84 5.36
EV/EBITDA 99.20 1.39 28.29
EV/Sales 22.90 1.54 15.90
Earnings yield 26.76% 29.78% 8.10%
Free cash flow yield 31.63% 20.67% 13.00%

Profitability

Metric IVR ORC Reit Mortgage median
Gross margin 30.40% 100.00% 100.00%
Operating margin 24.27% 111.07% 35.40%
Net margin 33.93% 43.49% 11.85%
Free cash flow margin 52.56% 36.69% 26.68%
Return on equity 15.68% 20.80% 4.81%
Return on assets 1.70% 2.36% 0.62%
Return on invested capital 0.69% 34.76% 1.22%

Growth

Metric IVR ORC Reit Mortgage median
Revenue growth (TTM) 7.29% 79.75% 4.70%
EPS growth (last fiscal year) 103.08% 117.54% 45.25%
Revenue growth, 5-year CAGR 1.06% 28.97% 14.60%
Net income growth, 5-year CAGR 0.00% 136.97% 0.00%

Health

Metric IVR ORC Reit Mortgage median
Debt to equity 6.27 0.34 3.30
Current ratio 0.04 0.00 1.00
Net debt to EBITDA 105.08 (1.28) 18.31

Dividend

Metric IVR ORC Reit Mortgage median
Dividend yield 28.21% 28.57% 17.34%
Payout ratio 1.05 0.96 1.28

Size

Metric IVR ORC Reit Mortgage median
Market cap 607.09m 1.02b 479.53m

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