PMTU
PennyMac Mortgage Investment Trust
REIT - Industrial
Market Cap$2.22B
5Y Perf.+4.1%
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Stock Comparison
PMTU vs IVR
Revenue, margins, valuation, and 5-year total return — side by side.
IVR
Invesco Mortgage Capital Inc.
REIT - Mortgage
Market Cap$577M
5Y Perf.-15.7%
PMTU vs IVR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | PMTU | IVR |
|---|---|---|
| Industry | REIT - Industrial | REIT - Mortgage |
| Market Cap | $2.22B | $577M |
| Revenue (TTM) | $957M | $335M |
| Net Income (TTM) | $132M | $101M |
| Gross Margin | 49.5% | 50.5% |
| Operating Margin | 35.7% | 47.1% |
| Forward P/E | 16.3x | 3.7x |
| Total Debt | $19.09B | $5.62B |
| Cash & Equiv. | $272M | $56M |
PMTU vs IVR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
PMTU
IVR
| Stock | Sep 23 | May 26 | Return |
|---|---|---|---|
| PennyMac Mortgage I… (PMTU) | 100 | 104.1 | +4.1% |
| Invesco Mortgage Ca… (IVR) | 100 | 84.3 | -15.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: PMTU vs IVR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: IVR leads in 5 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. PennyMac Mortgage Investment Trust is the stronger pick specifically for growth and revenue expansion and 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 growth exposure.
- Dividend streak 0 yrs, beta 0.55, yield 6.3%
- Rev growth 103.8%, EPS growth -27.7%
- 26.1% 10Y total return vs IVR's -31.0%
Best for: income & stability and growth exposure
IVR
Invesco Mortgage Capital Inc.
The Real Estate Income Play
IVR carries the broadest edge in this set and is the clearest fit for defensive.
- Beta 0.78, yield 20.1%, current ratio 0.04x
- Lower P/E (3.7x vs 16.3x)
- 30.2% margin vs PMTU's 13.8%
Best for: defensive
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | PMTU | 103.8% FFO/revenue growth vs IVR's -24.6% |
| Value | IVR | Lower P/E (3.7x vs 16.3x) |
| Quality / Margins | IVR | 30.2% margin vs PMTU's 13.8% |
| Stability / Safety | PMTU | Beta 0.55 vs IVR's 0.78 |
| Dividends | IVR | 20.1% yield, vs PMTU's 6.3% |
| Momentum (1Y) | IVR | +29.9% vs PMTU's +8.4% |
| Efficiency (ROA) | IVR | 1.7% ROA vs PMTU's 0.7%, ROIC 4.0% vs 0.4% |
PMTU vs IVR — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
Segment breakdown not available.
PMTU vs IVR — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLIVRLAGGINGPMTU
PMTUPennyMac Mortgage Inv…
1leads
IVRInvesco Mortgage Capi…
4leads
6 Total Categories
CATEGORYLEADERvs PMTUMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
IVR5/5
Valuation MetricsMultiples, price ratios, and targets
IVR5/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
IVR9/9
Total Returns1Y, 3Y, 5Y total returns with dividends
Tied
—
Risk & VolatilityBeta, volatility, and downside exposure
PMTU2/2
Analyst OutlookRatings, price targets, and dividends
IVR1/1
Income & Cash Flow (Last 12 Months)
IVR leads this category, winning 5 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
PMTU is the larger business by revenue, generating $957M annually — 2.9x IVR's $335M. IVR is the more profitable business, keeping 30.2% of every revenue dollar as net income compared to PMTU's 13.8%. On growth, IVR holds the edge at -58.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | PMTUPennyMac Mortgage… | IVRInvesco Mortgage … |
|---|---|---|
| RevenueTrailing 12 months | $957M | $335M |
| EBITDAEarnings before interest/tax | $342M | $158M |
| Net IncomeAfter-tax profit | $132M | $101M |
| Free Cash FlowCash after capex | -$9.1B | $157M |
| Gross MarginGross profit ÷ Revenue | +49.5% | +50.5% |
| Operating MarginEBIT ÷ Revenue | +35.7% | +47.1% |
| Net MarginNet income ÷ Revenue | +13.8% | +30.2% |
| FCF MarginFCF ÷ Revenue | -9.6% | +46.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | -98.2% | -58.6% |
| EPS Growth (YoY)Latest quarter vs prior year | — | +9.7% |
IVR leads this category, winning 5 of 5 comparable metrics.
Valuation Metrics
IVR leads this category, winning 5 of 5 comparable metrics.
Valuation Metrics
At 5.2x trailing earnings, IVR trades at a 80% valuation discount to PMTU's 25.7x P/E. On an enterprise value basis, IVR's 19.1x EV/EBITDA is more attractive than PMTU's 224.3x.
| Metric | PMTUPennyMac Mortgage… | IVRInvesco Mortgage … |
|---|---|---|
| Market CapShares × price | $2.2B | $577M |
| Enterprise ValueMkt cap + debt − cash | $21.0B | $6.1B |
| Trailing P/EPrice ÷ TTM EPS | 25.72x | 5.25x |
| Forward P/EPrice ÷ next-FY EPS est. | 16.34x | 3.67x |
| PEG RatioP/E ÷ EPS growth rate | 0.87x | — |
| EV / EBITDAEnterprise value multiple | 224.30x | 19.12x |
| Price / SalesMarket cap ÷ Revenue | 2.16x | 1.70x |
| Price / BookPrice ÷ Book value/share | 1.17x | 0.67x |
| Price / FCFMarket cap ÷ FCF | — | 3.67x |
IVR leads this category, winning 5 of 5 comparable metrics.
Profitability & Efficiency
IVR leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
IVR delivers a 13.3% return on equity — every $100 of shareholder capital generates $13 in annual profit, vs $7 for PMTU. IVR carries lower financial leverage with a 7.05x debt-to-equity ratio, signaling a more conservative balance sheet compared to PMTU's 10.12x. On the Piotroski fundamental quality scale (0–9), IVR scores 5/9 vs PMTU's 3/9, reflecting solid financial health.
| Metric | PMTUPennyMac Mortgage… | IVRInvesco Mortgage … |
|---|---|---|
| ROE (TTM)Return on equity | +7.1% | +13.3% |
| ROA (TTM)Return on assets | +0.7% | +1.7% |
| ROICReturn on invested capital | +0.4% | +4.0% |
| ROCEReturn on capital employed | +0.9% | +40.4% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 5 |
| Debt / EquityFinancial leverage | 10.12x | 7.05x |
| Net DebtTotal debt minus cash | $18.8B | $5.6B |
| Cash & Equiv.Liquid assets | $272M | $56M |
| Total DebtShort + long-term debt | $19.1B | $5.6B |
| Interest CoverageEBIT ÷ Interest expense | 0.11x | 1.46x |
IVR leads this category, winning 9 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
Evenly matched — PMTU and IVR each lead in 3 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 $5,499 for IVR. Over the past 12 months, IVR leads with a +29.9% total return vs PMTU's +8.4%. The 3-year compound annual growth rate (CAGR) favors IVR at 9.4% vs PMTU's 8.0% — a key indicator of consistent wealth creation.
| Metric | PMTUPennyMac Mortgage… | IVRInvesco Mortgage … |
|---|---|---|
| YTD ReturnYear-to-date | +2.2% | +0.4% |
| 1-Year ReturnPast 12 months | +8.4% | +29.9% |
| 3-Year ReturnCumulative with dividends | +26.1% | +30.8% |
| 5-Year ReturnCumulative with dividends | +26.1% | -45.0% |
| 10-Year ReturnCumulative with dividends | +26.1% | -31.0% |
| CAGR (3Y)Annualised 3-year return | +8.0% | +9.4% |
Evenly matched — PMTU and IVR each lead in 3 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 IVR's 0.78 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 IVR's 84.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | PMTUPennyMac Mortgage… | IVRInvesco Mortgage … |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.55x | 0.78x |
| 52-Week HighHighest price in past year | $26.26 | $9.50 |
| 52-Week LowLowest price in past year | $7.06 | $7.10 |
| % of 52W HighCurrent price vs 52-week peak | +97.0% | +84.5% |
| RSI (14)Momentum oscillator 0–100 | 65.3 | 43.2 |
| Avg Volume (50D)Average daily shares traded | 2K | 2.2M |
PMTU leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
IVR leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
For income investors, IVR offers the higher dividend yield at 20.08% vs PMTU's 6.29%.
| Metric | PMTUPennyMac Mortgage… | IVRInvesco Mortgage … |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Hold |
| Price TargetConsensus 12-month target | — | $9.00 |
| # AnalystsCovering analysts | — | 20 |
| Dividend YieldAnnual dividend ÷ price | +6.3% | +20.1% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $1.60 | $1.61 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +1.5% |
IVR leads this category, winning 1 of 1 comparable metric.
Key Takeaway
IVR leads in 4 of 6 categories (Income & Cash Flow, Valuation Metrics). PMTU leads in 1 (Risk & Volatility). 1 tied.
Best OverallInvesco Mortgage Capital In… (IVR)Leads 4 of 6 categories
Loading custom metrics...
PMTU vs IVR: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is PMTU or IVR a better buy right now?
For growth investors, PennyMac Mortgage Investment Trust (PMTU) is the stronger pick with 103.
8% 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 Invesco Mortgage Capital Inc. (IVR) a "Hold" — based on 20 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 IVR?
On trailing P/E, Invesco Mortgage Capital Inc.
(IVR) is the cheapest at 5. 2x versus PennyMac Mortgage Investment Trust at 25. 7x. On forward P/E, Invesco Mortgage Capital Inc. is actually cheaper at 3. 7x.
03Which is the better long-term investment — PMTU or IVR?
Over the past 5 years, PennyMac Mortgage Investment Trust (PMTU) delivered a total return of +26.
1%, compared to -45. 0% for Invesco Mortgage Capital Inc. (IVR). Over 10 years, the gap is even starker: PMTU returned +26. 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.
04Which is safer — PMTU or IVR?
By beta (market sensitivity over 5 years), PennyMac Mortgage Investment Trust (PMTU) is the lower-risk stock at 0.
55β versus Invesco Mortgage Capital Inc. 's 0. 78β — meaning IVR is approximately 42% more volatile than PMTU relative to the S&P 500. On balance sheet safety, Invesco Mortgage Capital Inc. (IVR) carries a lower debt/equity ratio of 7% versus 10% for PennyMac Mortgage Investment Trust — giving it more financial flexibility in a downturn.
05Which is growing faster — PMTU or IVR?
By revenue growth (latest reported year), PennyMac Mortgage Investment Trust (PMTU) is pulling ahead at 103.
8% versus -24. 6% for Invesco Mortgage Capital Inc. (IVR). On earnings-per-share growth, the picture is similar: Invesco Mortgage Capital Inc. grew EPS 135. 4% 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 IVR?
Invesco Mortgage Capital Inc.
(IVR) is the more profitable company, earning 29. 8% net margin versus 12. 4% for PennyMac Mortgage Investment Trust — meaning it keeps 29. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: IVR leads at 94. 5% versus 9. 1% for PMTU. At the gross margin level — before operating expenses — IVR leads at 96. 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 PMTU or IVR more undervalued right now?
On forward earnings alone, Invesco Mortgage Capital Inc.
(IVR) trades at 3. 7x forward P/E versus 16. 3x for PennyMac Mortgage Investment Trust — 12. 7x cheaper on a one-year earnings basis.
08Which pays a better dividend — PMTU or IVR?
All stocks in this comparison pay dividends.
Invesco Mortgage Capital Inc. (IVR) offers the highest yield at 20. 1%, versus 6. 3% for PennyMac Mortgage Investment Trust (PMTU).
09Is PMTU or IVR 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%, 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.
10What are the main differences between PMTU and IVR?
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: PMTU is a small-cap high-growth stock; IVR 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>
%
(PMTU: -98.2% · IVR: -58.6%)Net Margin>
%
(PMTU: 13.8% · IVR: 30.2%)P/E Ratio<
x
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