PMT
PennyMac Mortgage Investment Trust
REIT - Mortgage
Market Cap$1.06B
5Y Perf.+10.2%
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Stock Comparison
PMT vs MITT
Revenue, margins, valuation, and 5-year total return — side by side.
MITT
TPG Mortgage Investment Trust Inc
REIT - Mortgage
Market Cap$251M
5Y Perf.+7.3%
PMT vs MITT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | PMT | MITT |
|---|---|---|
| Industry | REIT - Mortgage | REIT - Mortgage |
| Market Cap | $1.06B | $251M |
| Revenue (TTM) | $1.06B | $493M |
| Net Income (TTM) | $132M | $34M |
| Gross Margin | 88.9% | 94.2% |
| Operating Margin | 71.8% | 93.3% |
| Forward P/E | 7.8x | 7.3x |
| Total Debt | $19.09B | $8.10B |
| Cash & Equiv. | $272M | $76M |
PMT vs MITT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
PMT
MITT
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| PennyMac Mortgage I… (PMT) | 100 | 110.2 | +10.2% |
| TPG Mortgage Invest… (MITT) | 100 | 107.3 | +7.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: PMT vs MITT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: PMT leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. TPG Mortgage Investment Trust Inc is the stronger pick specifically for valuation and capital efficiency and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
PMT
PennyMac Mortgage Investment Trust
The Real Estate Income Play
PMT carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 0 yrs, beta 0.71, yield 13.2%
- Rev growth 245.8%, EPS growth -27.7%
- 121.8% 10Y total return vs MITT's -15.3%
Best for: income & stability and growth exposure
MITT
TPG Mortgage Investment Trust Inc
The Real Estate Income Play
MITT is the clearest fit if your priority is value and momentum.
- Lower P/E (7.3x vs 7.8x)
- +32.9% vs PMT's +7.0%
Best for: value and momentum
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | PMT | 245.8% FFO/revenue growth vs MITT's 14.4% |
| Value | MITT | Lower P/E (7.3x vs 7.8x) |
| Quality / Margins | PMT | 12.4% margin vs MITT's 6.8% |
| Stability / Safety | PMT | Beta 0.71 vs MITT's 0.90, lower leverage |
| Dividends | PMT | 13.2% yield, vs MITT's 9.9% |
| Momentum (1Y) | MITT | +32.9% vs PMT's +7.0% |
| Efficiency (ROA) | PMT | 0.7% ROA vs MITT's 0.4%, ROIC 6.0% vs 4.5% |
PMT vs MITT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2018
PMT vs MITT — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLMITTLAGGINGPMT
PMTPennyMac Mortgage Inv…
2leads
MITTTPG Mortgage Investme…
3leads
6 Total Categories
CATEGORYLEADERvs PMTMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
MITT4/5
Valuation MetricsMultiples, price ratios, and targets
MITT6/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
PMT6/9
Total Returns1Y, 3Y, 5Y total returns with dividends
MITT4/6
Risk & VolatilityBeta, volatility, and downside exposure
PMT2/2
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
MITT leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
PMT is the larger business by revenue, generating $1.1B annually — 2.2x MITT's $493M. PMT is the more profitable business, keeping 12.4% of every revenue dollar as net income compared to MITT's 6.8%. On growth, MITT holds the edge at +20.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | PMTPennyMac Mortgage… | MITTTPG Mortgage Inve… |
|---|---|---|
| RevenueTrailing 12 months | $1.1B | $493M |
| EBITDAEarnings before interest/tax | $967M | $457M |
| Net IncomeAfter-tax profit | $132M | $34M |
| Free Cash FlowCash after capex | -$9.1B | $68M |
| Gross MarginGross profit ÷ Revenue | +88.9% | +94.2% |
| Operating MarginEBIT ÷ Revenue | +71.8% | +93.3% |
| Net MarginNet income ÷ Revenue | +12.4% | +6.8% |
| FCF MarginFCF ÷ Revenue | -8.6% | +13.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | -98.2% | +20.9% |
| EPS Growth (YoY)Latest quarter vs prior year | — | -2.3% |
MITT leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
MITT leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
At 8.8x trailing earnings, MITT trades at a 28% valuation discount to PMT's 12.3x P/E. On an enterprise value basis, MITT's 18.3x EV/EBITDA is more attractive than PMT's 20.6x.
| Metric | PMTPennyMac Mortgage… | MITTTPG Mortgage Inve… |
|---|---|---|
| Market CapShares × price | $1.1B | $251M |
| Enterprise ValueMkt cap + debt − cash | $19.9B | $8.3B |
| Trailing P/EPrice ÷ TTM EPS | 12.25x | 8.80x |
| Forward P/EPrice ÷ next-FY EPS est. | 7.78x | 7.28x |
| PEG RatioP/E ÷ EPS growth rate | 0.41x | — |
| EV / EBITDAEnterprise value multiple | 20.61x | 18.25x |
| Price / SalesMarket cap ÷ Revenue | 0.60x | 0.53x |
| Price / BookPrice ÷ Book value/share | 0.56x | 0.44x |
| Price / FCFMarket cap ÷ FCF | 7.42x | 4.22x |
MITT leads this category, winning 6 of 6 comparable metrics.
Profitability & Efficiency
PMT leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
PMT delivers a 7.1% return on equity — every $100 of shareholder capital generates $7 in annual profit, vs $6 for MITT. PMT carries lower financial leverage with a 10.12x debt-to-equity ratio, signaling a more conservative balance sheet compared to MITT's 14.45x. On the Piotroski fundamental quality scale (0–9), PMT scores 4/9 vs MITT's 3/9, reflecting mixed financial health.
| Metric | PMTPennyMac Mortgage… | MITTTPG Mortgage Inve… |
|---|---|---|
| ROE (TTM)Return on equity | +7.1% | +6.1% |
| ROA (TTM)Return on assets | +0.7% | +0.4% |
| ROICReturn on invested capital | +6.0% | +4.5% |
| ROCEReturn on capital employed | +13.2% | +6.5% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 3 |
| Debt / EquityFinancial leverage | 10.12x | 14.45x |
| Net DebtTotal debt minus cash | $18.8B | $8.0B |
| Cash & Equiv.Liquid assets | $272M | $76M |
| Total DebtShort + long-term debt | $19.1B | $8.1B |
| Interest CoverageEBIT ÷ Interest expense | 1.11x | 1.12x |
PMT leads this category, winning 6 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
MITT leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in MITT five years ago would be worth $10,188 today (with dividends reinvested), compared to $10,172 for PMT. Over the past 12 months, MITT leads with a +32.9% total return vs PMT's +7.0%. The 3-year compound annual growth rate (CAGR) favors MITT at 24.3% vs PMT's 12.8% — a key indicator of consistent wealth creation.
| Metric | PMTPennyMac Mortgage… | MITTTPG Mortgage Inve… |
|---|---|---|
| YTD ReturnYear-to-date | -0.9% | -4.7% |
| 1-Year ReturnPast 12 months | +7.0% | +32.9% |
| 3-Year ReturnCumulative with dividends | +43.5% | +92.2% |
| 5-Year ReturnCumulative with dividends | +1.7% | +1.9% |
| 10-Year ReturnCumulative with dividends | +121.8% | -15.3% |
| CAGR (3Y)Annualised 3-year return | +12.8% | +24.3% |
MITT leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
PMT leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
PMT is the less volatile stock with a 0.71 beta — it tends to amplify market swings less than MITT's 0.90 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | PMTPennyMac Mortgage… | MITTTPG Mortgage Inve… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.71x | 0.90x |
| 52-Week HighHighest price in past year | $13.81 | $9.27 |
| 52-Week LowLowest price in past year | $11.14 | $6.33 |
| % of 52W HighCurrent price vs 52-week peak | +87.8% | +85.4% |
| RSI (14)Momentum oscillator 0–100 | 53.3 | 47.4 |
| Avg Volume (50D)Average daily shares traded | 1.0M | 281K |
PMT leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Evenly matched — PMT and MITT each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates PMT as "Buy" and MITT as "Buy". Consensus price targets imply 23.7% upside for PMT (target: $15) vs 21.6% for MITT (target: $10). For income investors, PMT offers the higher dividend yield at 13.21% vs MITT's 9.94%.
| Metric | PMTPennyMac Mortgage… | MITTTPG Mortgage Inve… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $15.00 | $9.63 |
| # AnalystsCovering analysts | 26 | 18 |
| Dividend YieldAnnual dividend ÷ price | +13.2% | +9.9% |
| Dividend StreakConsecutive years of raises | 0 | 1 |
| Dividend / ShareAnnual DPS | $1.60 | $0.79 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | 0.0% |
Evenly matched — PMT and MITT each lead in 1 of 2 comparable metrics.
Key Takeaway
MITT leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). PMT leads in 2 (Profitability & Efficiency, Risk & Volatility). 1 tied.
Best OverallTPG Mortgage Investment Tru… (MITT)Leads 3 of 6 categories
Loading custom metrics...
PMT vs MITT: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is PMT or MITT a better buy right now?
For growth investors, PennyMac Mortgage Investment Trust (PMT) is the stronger pick with 245.
8% revenue growth year-over-year, versus 14. 4% for TPG Mortgage Investment Trust Inc (MITT). TPG Mortgage Investment Trust Inc (MITT) offers the better valuation at 8. 8x trailing P/E (7. 3x 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.
02Which has the better valuation — PMT or MITT?
On trailing P/E, TPG Mortgage Investment Trust Inc (MITT) is the cheapest at 8.
8x versus PennyMac Mortgage Investment Trust at 12. 3x. On forward P/E, TPG Mortgage Investment Trust Inc is actually cheaper at 7. 3x.
03Which is the better long-term investment — PMT or MITT?
Over the past 5 years, TPG Mortgage Investment Trust Inc (MITT) delivered a total return of +1.
9%, compared to +1. 7% for PennyMac Mortgage Investment Trust (PMT). Over 10 years, the gap is even starker: PMT returned +121. 8% versus MITT's -15. 3%. 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 — PMT or MITT?
By beta (market sensitivity over 5 years), PennyMac Mortgage Investment Trust (PMT) is the lower-risk stock at 0.
71β versus TPG Mortgage Investment Trust Inc's 0. 90β — meaning MITT is approximately 26% more volatile than PMT relative to the S&P 500. On balance sheet safety, PennyMac Mortgage Investment Trust (PMT) carries a lower debt/equity ratio of 10% versus 14% for TPG Mortgage Investment Trust Inc — giving it more financial flexibility in a downturn.
05Which is growing faster — PMT or MITT?
By revenue growth (latest reported year), PennyMac Mortgage Investment Trust (PMT) is pulling ahead at 245.
8% versus 14. 4% for TPG Mortgage Investment Trust Inc (MITT). On earnings-per-share growth, the picture is similar: TPG Mortgage Investment Trust Inc grew EPS -26. 8% 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 — PMT or MITT?
TPG Mortgage Investment Trust Inc (MITT) is the more profitable company, earning 10.
3% net margin versus 7. 3% for PennyMac Mortgage Investment Trust — meaning it keeps 10. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MITT leads at 96. 9% versus 79. 0% for PMT. At the gross margin level — before operating expenses — MITT leads at 94. 7%, 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 PMT or MITT more undervalued right now?
On forward earnings alone, TPG Mortgage Investment Trust Inc (MITT) trades at 7.
3x forward P/E versus 7. 8x for PennyMac Mortgage Investment Trust — 0. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for PMT: 23. 7% to $15. 00.
08Which pays a better dividend — PMT or MITT?
All stocks in this comparison pay dividends.
PennyMac Mortgage Investment Trust (PMT) offers the highest yield at 13. 2%, versus 9. 9% for TPG Mortgage Investment Trust Inc (MITT).
09Is PMT or MITT better for a retirement portfolio?
For long-horizon retirement investors, PennyMac Mortgage Investment Trust (PMT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
71), 13. 2% yield, +121. 8% 10Y return). Both have compounded well over 10 years (PMT: +121. 8%, MITT: -15. 3%), 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 PMT and MITT?
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; MITT is a small-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.
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Revenue Growth>
%
(PMT: -98.2% · MITT: 20.9%)Net Margin>
%
(PMT: 12.4% · MITT: 6.8%)P/E Ratio<
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