PMT vs IVR vs AGNC vs MFA vs NLY

For growth investors, AGNC Investment Corp.

(AGNC) is the stronger pick with 384. 7% revenue growth year-over-year, versus -24. 6% for Invesco Mortgage Capital Inc. (IVR). Invesco Mortgage Capital Inc. (IVR) offers the better valuation at 5. 2x trailing P/E (3. 7x forward), making it the more compelling value choice. Analysts rate PennyMac Mortgage Investment Trust (PMT) a "Buy" — based on 26 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.

On trailing P/E, Invesco Mortgage Capital Inc.

(IVR) is the cheapest at 5. 2x versus AGNC Investment Corp. at 11. 5x. On forward P/E, Invesco Mortgage Capital Inc. is actually cheaper at 3. 7x.

Over the past 5 years, Annaly Capital Management, Inc.

(NLY) delivered a total return of +1. 4%, compared to -45. 0% for Invesco Mortgage Capital Inc. (IVR). Over 10 years, the gap is even starker: PMT returned +99. 1% versus IVR's -31. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Annaly Capital Management, Inc.

(NLY) is the lower-risk stock at 0. 64β versus Invesco Mortgage Capital Inc. 's 0. 78β — meaning IVR is approximately 22% more volatile than NLY 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.

By revenue growth (latest reported year), AGNC Investment Corp.

(AGNC) is pulling ahead at 384. 7% versus -24. 6% for Invesco Mortgage Capital Inc. (IVR). 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. Over a 3-year CAGR, AGNC leads at 26. 4% annualised revenue growth. 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.

Annaly Capital Management, Inc.

(NLY) is the more profitable company, earning 30. 3% net margin versus 12. 4% for PennyMac Mortgage Investment Trust — meaning it keeps 30. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NLY leads at 102. 6% versus 9. 1% for PMT. 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.

On forward earnings alone, Invesco Mortgage Capital Inc.

(IVR) trades at 3. 7x forward P/E versus 7. 5x for Annaly Capital Management, Inc. — 3. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for PMT: 35. 5% to $15. 00.

All stocks in this comparison pay dividends.

Invesco Mortgage Capital Inc. (IVR) offers the highest yield at 20. 1%, versus 13. 1% for Annaly Capital Management, Inc. (NLY).

For long-horizon retirement investors, Annaly Capital Management, Inc.

(NLY) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 64), 13. 1% yield). Both have compounded well over 10 years (NLY: +35. 5%, IVR: -31. 0%), 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.

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.

In terms of investment character: PMT is a small-cap high-growth stock; IVR is a small-cap deep-value stock; AGNC is a small-cap high-growth stock; MFA is a small-cap high-growth stock; NLY is a mid-cap deep-value stock. 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.