PMTU
PennyMac Mortgage Investment Trust
REIT - Industrial
Market Cap$2.22B
5Y Perf.+4.1%
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Stock Comparison
PMTU vs AGNC
Revenue, margins, valuation, and 5-year total return — side by side.
AGNC
AGNC Investment Corp.
REIT - Mortgage
Market Cap$9.62B
5Y Perf.+13.6%
PMTU vs AGNC — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | PMTU | AGNC |
|---|---|---|
| Industry | REIT - Industrial | REIT - Mortgage |
| Market Cap | $2.22B | $9.62B |
| Revenue (TTM) | $957M | $3.46B |
| Net Income (TTM) | $132M | $838M |
| Gross Margin | 49.5% | 100.0% |
| Operating Margin | 35.7% | 107.1% |
| Forward P/E | 16.3x | 6.9x |
| Total Debt | $19.09B | $64M |
| Cash & Equiv. | $272M | $505M |
PMTU vs AGNC — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
PMTU
AGNC
| Stock | Sep 23 | May 26 | Return |
|---|---|---|---|
| PennyMac Mortgage I… (PMTU) | 100 | 104.1 | +4.1% |
| AGNC Investment Cor… (AGNC) | 100 | 113.6 | +13.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: PMTU vs AGNC
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: AGNC leads in 6 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. PennyMac Mortgage Investment Trust is the stronger pick specifically for capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
PMTU
PennyMac Mortgage Investment Trust
The Real Estate Income Play
PMTU is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 0.55, yield 6.3%
- Lower volatility, beta 0.55, current ratio 0.03x
- Beta 0.55, yield 6.3%, current ratio 0.03x
Best for: income & stability and sleep-well-at-night
AGNC
AGNC Investment Corp.
The Real Estate Income Play
AGNC carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 384.7%, EPS growth 17.6%, 3Y rev CAGR 26.4%
- 46.9% 10Y total return vs PMTU's 26.1%
- 384.7% FFO/revenue growth vs PMTU's 103.8%
Best for: growth exposure and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | AGNC | 384.7% FFO/revenue growth vs PMTU's 103.8% |
| Value | AGNC | Lower P/E (6.9x vs 16.3x) |
| Quality / Margins | AGNC | 24.2% margin vs PMTU's 13.8% |
| Stability / Safety | PMTU | Beta 0.55 vs AGNC's 0.74 |
| Dividends | AGNC | 14.7% yield, vs PMTU's 6.3% |
| Momentum (1Y) | AGNC | +39.4% vs PMTU's +8.4% |
| Efficiency (ROA) | AGNC | 0.8% ROA vs PMTU's 0.7%, ROIC 34.0% vs 0.4% |
PMTU vs AGNC — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
Segment breakdown not available.
PMTU vs AGNC — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLAGNCLAGGINGPMTU
PMTUPennyMac Mortgage Inv…
1leads
AGNCAGNC Investment Corp.
5leads
6 Total Categories
CATEGORYLEADERvs PMTUMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
AGNC5/5
Valuation MetricsMultiples, price ratios, and targets
AGNC5/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
AGNC9/9
Total Returns1Y, 3Y, 5Y total returns with dividends
AGNC5/6
Risk & VolatilityBeta, volatility, and downside exposure
PMTU2/2
Analyst OutlookRatings, price targets, and dividends
AGNC1/1
Income & Cash Flow (Last 12 Months)
AGNC leads this category, winning 5 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
AGNC is the larger business by revenue, generating $3.5B annually — 3.6x PMTU's $957M. AGNC is the more profitable business, keeping 24.2% of every revenue dollar as net income compared to PMTU's 13.8%. On growth, AGNC holds the edge at +2.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | PMTUPennyMac Mortgage… | AGNCAGNC Investment C… |
|---|---|---|
| RevenueTrailing 12 months | $957M | $3.5B |
| EBITDAEarnings before interest/tax | $342M | $3.7B |
| Net IncomeAfter-tax profit | $132M | $838M |
| Free Cash FlowCash after capex | -$9.1B | $604M |
| Gross MarginGross profit ÷ Revenue | +49.5% | +100.0% |
| Operating MarginEBIT ÷ Revenue | +35.7% | +107.1% |
| Net MarginNet income ÷ Revenue | +13.8% | +24.2% |
| FCF MarginFCF ÷ Revenue | -9.6% | +17.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | -98.2% | +2.5% |
| EPS Growth (YoY)Latest quarter vs prior year | — | +84.6% |
AGNC leads this category, winning 5 of 5 comparable metrics.
Valuation Metrics
AGNC leads this category, winning 5 of 5 comparable metrics.
Valuation Metrics
At 11.5x trailing earnings, AGNC trades at a 55% valuation discount to PMTU's 25.7x P/E. On an enterprise value basis, AGNC's 2.4x EV/EBITDA is more attractive than PMTU's 224.3x.
| Metric | PMTUPennyMac Mortgage… | AGNCAGNC Investment C… |
|---|---|---|
| Market CapShares × price | $2.2B | $9.6B |
| Enterprise ValueMkt cap + debt − cash | $21.0B | $9.2B |
| Trailing P/EPrice ÷ TTM EPS | 25.72x | 11.53x |
| Forward P/EPrice ÷ next-FY EPS est. | 16.34x | 6.87x |
| PEG RatioP/E ÷ EPS growth rate | 0.87x | — |
| EV / EBITDAEnterprise value multiple | 224.30x | 2.42x |
| Price / SalesMarket cap ÷ Revenue | 2.16x | 1.97x |
| Price / BookPrice ÷ Book value/share | 1.17x | 0.86x |
| Price / FCFMarket cap ÷ FCF | — | 111.86x |
AGNC leads this category, winning 5 of 5 comparable metrics.
Profitability & Efficiency
AGNC leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
AGNC delivers a 7.3% return on equity — every $100 of shareholder capital generates $7 in annual profit, vs $7 for PMTU. AGNC carries lower financial leverage with a 0.01x debt-to-equity ratio, signaling a more conservative balance sheet compared to PMTU's 10.12x. On the Piotroski fundamental quality scale (0–9), AGNC scores 5/9 vs PMTU's 3/9, reflecting solid financial health.
| Metric | PMTUPennyMac Mortgage… | AGNCAGNC Investment C… |
|---|---|---|
| ROE (TTM)Return on equity | +7.1% | +7.3% |
| ROA (TTM)Return on assets | +0.7% | +0.8% |
| ROICReturn on invested capital | +0.4% | +34.0% |
| ROCEReturn on capital employed | +0.9% | +4.9% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 5 |
| Debt / EquityFinancial leverage | 10.12x | 0.01x |
| Net DebtTotal debt minus cash | $18.8B | -$441M |
| Cash & Equiv.Liquid assets | $272M | $505M |
| Total DebtShort + long-term debt | $19.1B | $64M |
| Interest CoverageEBIT ÷ Interest expense | 0.11x | 1.32x |
AGNC leads this category, winning 9 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
AGNC leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PMTU five years ago would be worth $12,610 today (with dividends reinvested), compared to $9,782 for AGNC. Over the past 12 months, AGNC leads with a +39.4% total return vs PMTU's +8.4%. The 3-year compound annual growth rate (CAGR) favors AGNC at 16.5% vs PMTU's 8.0% — a key indicator of consistent wealth creation.
| Metric | PMTUPennyMac Mortgage… | AGNCAGNC Investment C… |
|---|---|---|
| YTD ReturnYear-to-date | +2.2% | +2.5% |
| 1-Year ReturnPast 12 months | +8.4% | +39.4% |
| 3-Year ReturnCumulative with dividends | +26.1% | +58.3% |
| 5-Year ReturnCumulative with dividends | +26.1% | -2.2% |
| 10-Year ReturnCumulative with dividends | +26.1% | +46.9% |
| CAGR (3Y)Annualised 3-year return | +8.0% | +16.5% |
AGNC leads this category, winning 5 of 6 comparable metrics.
Risk & Volatility
PMTU leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
PMTU is the less volatile stock with a 0.55 beta — it tends to amplify market swings less than AGNC's 0.74 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. PMTU currently trades 97.0% from its 52-week high vs AGNC's 87.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | PMTUPennyMac Mortgage… | AGNCAGNC Investment C… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.55x | 0.74x |
| 52-Week HighHighest price in past year | $26.26 | $12.19 |
| 52-Week LowLowest price in past year | $7.06 | $8.65 |
| % of 52W HighCurrent price vs 52-week peak | +97.0% | +87.9% |
| RSI (14)Momentum oscillator 0–100 | 65.3 | 52.1 |
| Avg Volume (50D)Average daily shares traded | 2K | 18.2M |
PMTU leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
AGNC leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
For income investors, AGNC offers the higher dividend yield at 14.73% vs PMTU's 6.29%.
| Metric | PMTUPennyMac Mortgage… | AGNCAGNC Investment C… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Hold |
| Price TargetConsensus 12-month target | — | $11.13 |
| # AnalystsCovering analysts | — | 35 |
| Dividend YieldAnnual dividend ÷ price | +6.3% | +14.7% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $1.60 | $1.58 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
AGNC leads this category, winning 1 of 1 comparable metric.
Key Takeaway
AGNC leads in 5 of 6 categories (Income & Cash Flow, Valuation Metrics). PMTU leads in 1 (Risk & Volatility).
Best OverallAGNC Investment Corp. (AGNC)Leads 5 of 6 categories
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PMTU vs AGNC: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is PMTU or AGNC a better buy right now?
For growth investors, AGNC Investment Corp.
(AGNC) is the stronger pick with 384. 7% revenue growth year-over-year, versus 103. 8% for PennyMac Mortgage Investment Trust (PMTU). AGNC Investment Corp. (AGNC) offers the better valuation at 11. 5x trailing P/E (6. 9x forward), making it the more compelling value choice. Analysts rate AGNC Investment Corp. (AGNC) a "Hold" — based on 35 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — PMTU or AGNC?
On trailing P/E, AGNC Investment Corp.
(AGNC) is the cheapest at 11. 5x versus PennyMac Mortgage Investment Trust at 25. 7x. On forward P/E, AGNC Investment Corp. is actually cheaper at 6. 9x.
03Which is the better long-term investment — PMTU or AGNC?
Over the past 5 years, PennyMac Mortgage Investment Trust (PMTU) delivered a total return of +26.
1%, compared to -2. 2% for AGNC Investment Corp. (AGNC). Over 10 years, the gap is even starker: AGNC returned +46. 9% versus PMTU's +26. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — PMTU or AGNC?
By beta (market sensitivity over 5 years), PennyMac Mortgage Investment Trust (PMTU) is the lower-risk stock at 0.
55β versus AGNC Investment Corp. 's 0. 74β — meaning AGNC is approximately 36% more volatile than PMTU relative to the S&P 500. On balance sheet safety, AGNC Investment Corp. (AGNC) carries a lower debt/equity ratio of 1% versus 10% for PennyMac Mortgage Investment Trust — giving it more financial flexibility in a downturn.
05Which is growing faster — PMTU or AGNC?
By revenue growth (latest reported year), AGNC Investment Corp.
(AGNC) is pulling ahead at 384. 7% versus 103. 8% for PennyMac Mortgage Investment Trust (PMTU). On earnings-per-share growth, the picture is similar: AGNC Investment Corp. grew EPS 1760% year-over-year, compared to -27. 7% for PennyMac Mortgage Investment Trust. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — PMTU or AGNC?
AGNC Investment Corp.
(AGNC) is the more profitable company, earning 17. 7% net margin versus 12. 4% for PennyMac Mortgage Investment Trust — meaning it keeps 17. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: AGNC leads at 79. 6% versus 9. 1% for PMTU. At the gross margin level — before operating expenses — AGNC leads at 100. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is PMTU or AGNC more undervalued right now?
On forward earnings alone, AGNC Investment Corp.
(AGNC) trades at 6. 9x forward P/E versus 16. 3x for PennyMac Mortgage Investment Trust — 9. 5x cheaper on a one-year earnings basis.
08Which pays a better dividend — PMTU or AGNC?
All stocks in this comparison pay dividends.
AGNC Investment Corp. (AGNC) offers the highest yield at 14. 7%, versus 6. 3% for PennyMac Mortgage Investment Trust (PMTU).
09Is PMTU or AGNC better for a retirement portfolio?
For long-horizon retirement investors, PennyMac Mortgage Investment Trust (PMTU) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
55), 6. 3% yield). Both have compounded well over 10 years (PMTU: +26. 1%, AGNC: +46. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between PMTU and AGNC?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(PMTU: -98.2% · AGNC: 245.9%)Net Margin>
%
(PMTU: 13.8% · AGNC: 24.2%)P/E Ratio<
x
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