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Apr 30, 2026·SEC
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Invesco Mortgage Capital Inc.(IVR)Earnings, Financials & Key Ratios
IVR•NYSE•REIT / Real Estate
5.2× P/E·Price updated Jun 19, 2026
AboutInvesco Mortgage Capital Inc. operates as a real estate investment trust (REIT) that primarily focuses on investing in, financing, and managing mortgage-backed securities and other mortgage-related assets. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S. government agency or federally chartered corporation; RMBS and CMBS that are not issued or guaranteed by a U.S. government agency or federally chartered corporation; credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises; residential and commercial mortgage loans; and other real estate-related financing arrangements. Invesco Mortgage Capital Inc. has elected to be taxed as a REIT and would be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 2008 and is headquartered in Atlanta, Georgia.Show more
- Revenue$340M-24.6%
- FFO$102M+68.7%
- FFO/Share1.54+36.0%
- FFO Payout104.82%-39.9%
- FFO per Share1.54+36.0%
- NOI Margin96.67%+117.4%
- FFO Margin30.02%+123.7%
- ROE13.26%+67.5%
- ROA1.67%+52.6%
IVR Key Insights
Invesco Mortgage Capital Inc. (IVR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓FFO growing 68.6% TTM
- ✓High NOI margin of 96.7%
- ✓Trading at only 0.7x book value
✗Weaknesses
- ✗High debt to equity ratio of 7.0x
- ✗Dividend exceeds FFO - may not be sustainable
- ✗Dividend payout exceeds 100% of earnings
- ✗Shares diluted 24.0% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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IVR Price & Volume
Invesco Mortgage Capital Inc. (IVR) stock price & volume — 10-year historical chart
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IVR Growth Metrics
Invesco Mortgage Capital Inc. (IVR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-2.57%
5 Years-
3 Years-
TTM0.71%
Profit CAGR
10 Years-1.06%
5 Years-
3 Years-
TTM69.08%
EPS CAGR
10 Years-14.58%
5 Years-
3 Years-
TTM112.31%
Return on Capital
10 Years9.59%
5 Years14.68%
3 Years36.35%
Last Year40.37%
IVR Recent Earnings
Invesco Mortgage Capital Inc. (IVR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 2/12 qtrs (17%)
Q2 2026Latest
Apr 30, 2026Metric
Actual
Est
EPS
$0.55+0.0%
$0.55
Rev
$27M-32.0%
$40M
Q1 2026
Jan 29, 2026Metric
Actual
Est
EPS
$0.56-3.4%
$0.58
Rev
$21M-41.6%
$36M
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$0.58+3.9%
$0.56
Rev
$54M+12.7%
$48M
Q3 2025
Jul 24, 2025Metric
Actual
Est
EPS
$0.58+3.6%
$0.56
Rev
$53M+18.3%
$45M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $0.55vs $0.55+0.0% | $27Mvs $40M-32.0% |
| Q1 2026 | Jan 29, 2026 | $0.56vs $0.58-3.4% | $21Mvs $36M-41.6% |
| Q4 2025 | Oct 30, 2025 | $0.58vs $0.56+3.9% | $54Mvs $48M+12.7% |
| Q3 2025 | Jul 24, 2025 | $0.58vs $0.56+3.6% | $53Mvs $45M+18.3% |
Based on last 12 quarters of dataView full earnings history →
IVR Peer Comparison
Invesco Mortgage Capital Inc. (IVR) competitors in Diversified mortgage and specialty finance REITs — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 AGNC | 11.66B | 10.38 | 7.06 | -60.79% | 87.02% | 15.1% | 0.01 | |
 NLY | 15.96B | 22.21 | 7.61 | 5.35% | 30.28% | 14.05% | 6.92 | |
 DX | 1.98B | 13.06 | 5.29 | 67.76% | 59.8% | 17.19% | 5.65 | |
 MFA | 972.95M | 9.53 | 5.67 | 213.02% | 20.7% | 7.43% | 6.01 | |
 TWO | 1.29B | 12.32 | -2.83 | -28.4% | -44.82% | -19.11% | 4.79 | |
 EARN | 164.93M | 4.39 | 18.29 | -8.45% | -14.73% | -2.76% | 2.91 | |
 CIM | 1.11B | 13.28 | 4.83 | 218.22% | 2.72% | 0.75% | 5.08 | |
 EFC | 1.34B | 13.44 | 11.29 | 139.04% | 34.24% | 8.4% | 9.07 |
Compare IVR vs Peers
Invesco Mortgage Capital Inc. (IVR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
IVR Income Statement
Invesco Mortgage Capital Inc. (IVR) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 405.94M | 424.49M | 408.05M | -1.65B | 50.33M | -437.55M | 189.8M | 450.5M | 339.7M |
Revenue Growth % | 21.92% | 4.57% | -3.87% | -503.93% | 103.05% | -969.33% | 143.38% | 137.36% | -24.6% |
Property Operating Expenses | 0 | 40.72M | 0 | 0 | 21.08M | 0 | 12.29M | 250.18M | 11.29M |
Net Operating Income (NOI) | 405.94M▲ 0% | 383.77M▼ 5.5% | 408.05M▲ 6.3% | -1.65B▼ 503.9% | 29.25M▲ 101.8% | -377.6M▼ 1390.9% | 177.51M▲ 147.0% | 200.33M▲ 12.9% | 328.4M▲ 63.9% |
NOI Margin % | 100% | 90.41% | 100% | 100% | 58.12% | 86.3% | 93.52% | 44.47% | 96.67% |
Operating Expenses | 405.94M | -26.12M | 408.05M | -1.65B | 109.41M | -123.02M | 19.73M | 128.84M | 7.27M |
G&A Expenses | 44.75M | 47.79M | 46.17M | 10.86M | 29.23M | 8.42M | 19.73M | 7.15M | 7.27M |
EBITDA | 335.98M | -95.69M | 0 | 0 | -80.16M | -331.44M | 222.84M | 310.38M | 321.14M |
EBITDA Margin % | 82.77% | -22.54% | 0% | 0% | -159.26% | 75.75% | 117.41% | 68.9% | 94.54% |
Depreciation & Amortization | -23.89M | -25.18M | -23.21M | -23.28M | 0 | 0 | 0 | 587K | 0 |
D&A / Revenue % | -5.88% | -5.93% | -5.69% | 1.41% | 0% | 0% | 0% | 0.13% | 0% |
Operating Income | 359.87M▲ 0% | -70.51M▼ 119.6% | 0▲ 100.0% | 0▲ 0% | -80.16M▲ 0% | -331.44M▼ 313.5% | 222.84M▲ 167.2% | 309.79M▲ 39.0% | 321.14M▲ 3.7% |
Operating Margin % | 88.65% | -16.61% | 0% | 0% | -159.26% | 75.75% | 117.41% | 68.77% | 94.54% |
Interest Expense | 196.59M | 338.87M | 472.32M | 82.26M | 0 | 51.56M | 228.23M | 249.72M | 219.87M |
Interest Coverage | 1.86x | 0.07x | 0.05x | 0.28x | - | -6.43x | 0.98x | 1.24x | 1.46x |
Non-Operating Income | -5.91M | -95.69M | -23.21M | -23.28M | 0 | 0 | 67K | 0 | 0 |
Pretax Income | 353.06M▲ 0% | -70.54M▼ 120.0% | 364.1M▲ 616.2% | -1.67B▼ 559.9% | -90M▲ 94.6% | -402.92M▼ 347.7% | -15.86M▲ 96.1% | 59.88M▲ 477.6% | 101.28M▲ 69.1% |
Pretax Margin % | 86.97% | -16.62% | 89.23% | 101.58% | -178.81% | 92.09% | -8.36% | 13.29% | 29.81% |
Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Net Income | 348.61M▲ 0% | -70.79M▼ 120.3% | 364.1M▲ 614.3% | -1.67B▼ 559.9% | -90M▲ 94.6% | -402.92M▼ 347.7% | -15.86M▲ 96.1% | 59.88M▲ 477.6% | 101.29M▲ 69.2% |
Net Margin % | 85.88% | -16.68% | 89.23% | 101.58% | -178.81% | 92.09% | -8.36% | 13.29% | 29.82% |
Net Income Growth % | 37.03% | -120.31% | 614.34% | -559.86% | 94.62% | -347.69% | 96.06% | 477.59% | 69.15% |
Funds From Operations (FFO) | 324.72M▲ 0% | -95.97M▼ 129.6% | 340.89M▲ 455.2% | -1.7B▼ 598.0% | -111.38M▲ 93.4% | -422.02M▼ 278.9% | -25.7M▲ 93.9% | 60.47M▲ 335.3% | 101.98M▲ 68.7% |
FFO Margin % | 79.99% | -22.61% | 83.54% | 103% | -221.3% | 96.45% | -13.54% | 13.42% | 30.02% |
FFO Growth % | 23.86% | -129.56% | 455.19% | -597.99% | 93.44% | -278.89% | 93.91% | 335.33% | 68.65% |
FFO per Share | 26.39 | -8.58 | 25.76 | -97.72 | -4.05 | -12.35 | -0.58 | 1.13 | 1.54 |
FFO Payout Ratio % | 65.5% | -244.21% | 79.57% | -8.1% | -119.47% | -33.24% | -397.71% | 174.42% | 104.82% |
EPS (Diluted) | 27.50▲ 0% | -10.30▼ 137.5% | 24.16▲ 334.6% | -98.93▼ 509.5% | -4.80▲ 95.1% | -12.21▼ 154.4% | -0.85▲ 93.0% | 0.65▲ 176.5% | 1.53▲ 135.4% |
EPS Growth % | 38.89% | -137.45% | 334.56% | -509.48% | 95.15% | -154.38% | 93.04% | 176.47% | 135.38% |
EPS (Basic) | 28.70 | -10.30 | 24.16 | -98.93 | -4.80 | -12.21 | -0.85 | 0.65 | 1.53 |
Diluted Shares Outstanding | 12.3M | 11.19M | 13.23M | 17.37M | 27.51M | 34.16M | 44.07M | 53.48M | 66.31M |
IVR Balance Sheet
Invesco Mortgage Capital Inc. (IVR) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Total Assets | 18.66B | 17.81B | 22.35B | 8.63B | 8.44B | 5.1B | 5.28B | 5.69B | 6.48B |
Asset Growth % | 18.79% | -4.52% | 25.45% | -61.37% | -2.19% | -39.63% | 3.66% | 7.64% | 13.85% |
Real Estate & Other Assets | -18.22B | -17.42B | 21.21B | 0 | 7.33B | 4.44B | 4.7B | 5.16B | -3.82M |
PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investment Securities | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K |
Total Current Assets | 161.6M | 215.72M | 273.05M | 0 | 627.11M | 303.77M | 237.39M | 210.88M | 198.69M |
Cash & Equivalents | 88.38M | 135.62M | 172.51M | 392.58M | 357.13M | 175.53M | 76.97M | 73.4M | 56.04M |
Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Other Current Assets | 0 | 0 | 0 | -409.5M | 246.19M | 103.25M | 133.82M | 112.03M | 114.8M |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Liabilities | 16B | 15.53B | 19.41B | 7.27B | 7.04B | 4.29B | 4.5B | 4.96B | 5.68B |
Total Debt | 1.79B | 1.65B | 1.65B | 7.23B | 7B | 4.24B | 4.46B | 4.89B | 5.62B |
Net Debt | 1.7B | 1.51B | 1.48B | 6.84B | 6.65B | 4.06B | 4.38B | 4.82B | 5.56B |
Long-Term Debt | 1.79B | 1.65B | 1.65B | 0 | 0 | 0 | 0 | 0 | 0 |
Short-Term Borrowings | 0 | 0 | 0 | 7.23B | 7B | 4.24B | 4.46B | 4.89B | 5.62B |
Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Current Liabilities | 93.58M | 300.42M | 287.85M | 7.26B | 7.04B | 4.29B | 4.5B | 4.95B | 5.62B |
Accounts Payable | 20.05M | 39.31M | 45.56M | 0 | 1.89M | 1.36M | 17.08M | 34.33M | 1.58M |
Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Liabilities | 0 | 0 | 0 | 0 | 6.49M | 4.45M | 3.91M | 3.7M | 59.09M |
Total Equity | 2.66B▲ 0% | 2.29B▼ 13.9% | 2.93B▲ 28.2% | 1.37B▼ 53.4% | 1.4B▲ 2.6% | 804.08M▼ 42.7% | 782.66M▼ 2.7% | 730.73M▼ 6.6% | 797.54M▲ 9.1% |
Equity Growth % | 17.03% | -13.93% | 28.22% | -53.37% | 2.56% | -42.65% | -2.66% | -6.64% | 9.14% |
Shareholders Equity | 2.63B | 2.29B | 2.93B | 1.37B | 1.4B | 804.08M | 782.66M | 730.73M | 797.54M |
Minority Interest | 26.39M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common Stock | 1.12M | 1.11M | 1.44M | 2.03M | 330K | 387K | 484K | 617K | 718K |
Additional Paid-in Capital | 2.38B | 2.38B | 2.89B | 3.39B | 3.82B | 3.9B | 4.01B | 4.13B | 4.21B |
Retained Earnings | -579.33M | -882.09M | -814.48M | -2.64B | -2.88B | -3.41B | -3.52B | -3.57B | -3.58B |
Preferred Stock | 563.32M | 563.32M | 563.32M | 563.32M | 427.97M | 298.71M | 288.49M | 174.28M | 165.76M |
Return on Assets (ROA) | 2.03% | -0.39% | 1.81% | -10.81% | -1.05% | -5.95% | -0.31% | 1.09% | 1.67% |
Return on Equity (ROE) | 14.15% | -2.86% | 13.95% | -77.89% | -6.5% | -36.53% | -2% | 7.91% | 13.26% |
Debt / Assets | 9.61% | 9.26% | 7.38% | 83.73% | 82.93% | 83.12% | 84.38% | 86.05% | 86.77% |
Debt / Equity | 0.67x | 0.72x | 0.56x | 5.29x | 4.99x | 5.27x | 5.70x | 6.70x | 7.05x |
Net Debt / EBITDA | 5.07x | - | - | - | - | - | 19.66x | 15.53x | 17.32x |
Book Value per Share | 215.93 | 204.42 | 221.58 | 78.69 | 50.96 | 23.54 | 17.76 | 13.66 | 12.03 |
IVR Cash Flow Statement
Invesco Mortgage Capital Inc. (IVR) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 290.6M | 304.26M | 343.36M | 170.46M | 152.29M | 196.08M | 237.79M | 183.16M | 157.09M |
Operating CF Growth % | -1.76% | 4.7% | 12.85% | -50.36% | -10.66% | 28.75% | 21.27% | -22.97% | -14.24% |
Operating CF / Revenue % | 71.59% | 71.68% | 84.15% | -10.34% | 302.57% | -44.81% | 125.28% | 40.66% | 46.24% |
Net Income | 353.06M | -70.54M | 364.1M | -1.67B | -90M | -402.92M | -15.86M | 59.88M | 101.28M |
Depreciation & Amortization | -23.89M | -25.18M | -23.21M | -23.28M | -21.38M | -19.09M | -9.84M | 587K | 688K |
Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | -32M | 379.65M | 4.37M | 1.87B | 263.73M | 606.13M | 270.51M | 106.38M | 62.86M |
Working Capital Changes | -6.57M | 20.33M | -1.91M | 2.18M | -58K | 11.97M | -7.03M | 16.31M | -7.05M |
Cash from Investing | -3.09B | 621.55M | -4.32B | 11.55B | 120.75M | 2.42B | -536.8M | -497.43M | -892.87M |
Acquisitions (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Purchase of Investments | -6.27B | -2.83M | -9.84B | -13.61B | -17.14B | -25.71B | -6.17B | -2.22B | -2.88B |
Sale of Investments | 67.84M | 4.75B | 3.31B | 25.03B | 16.43B | 27.75B | 5.29B | 1.34B | 1.46B |
Other Investing | 3.11B | -4.13B | 2.21B | 132.99M | 829.04M | 387.01M | 348.59M | 389.76M | 531.88M |
Cash from Financing | 2.73B | -879.2M | 4.13B | -11.62B | -88.57M | -2.92B | 218.87M | 326.51M | 691.33M |
Dividends Paid | -212.69M | -234.37M | -271.23M | -137.5M | -133.07M | -140.3M | -102.19M | -105.47M | -106.9M |
Common Dividends | -212.69M | -234.37M | -271.23M | -137.5M | -133.07M | -140.3M | -102.19M | -105.47M | -106.9M |
Debt Issuance (Net) | 1000K | -1000K | 0 | -1000K | -1000K | -1000K | 1000K | 1000K | 1000K |
Share Repurchases | 2.92B | -1.14M | 0 | 0 | 0 | -1K | 0 | -117.31M | -8.51M |
Other Financing | 4.89M | -21.93M | 3.9B | -35K | -354K | -351K | -329K | -2.84M | -180K |
Net Change in Cash | -73.41M▲ 0% | 46.62M▲ 163.5% | 153.88M▲ 230.1% | 103.08M▼ 33.0% | 184.47M▲ 79.0% | -298.27M▼ 261.7% | -80.14M▲ 73.1% | 12.24M▲ 115.3% | -44.45M▼ 463.0% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 161.79M | 89M | 135.62M | 289.5M | 392.58M | 577.05M | 278.78M | 198.64M | 210.88M |
Cash at End | 88.38M | 135.62M | 289.5M | 392.58M | 577.05M | 278.78M | 198.64M | 210.88M | 166.43M |
Free Cash Flow | 290.6M▲ 0% | 304.26M▲ 4.7% | 343.36M▲ 12.8% | 170.46M▼ 50.4% | 152.29M▼ 10.7% | 196.08M▲ 28.8% | 237.79M▲ 21.3% | 183.16M▼ 23.0% | 157.09M▼ 14.2% |
FCF Growth % | -11.86% | 4.7% | 12.85% | -50.36% | -10.66% | 28.75% | 21.27% | -22.97% | -14.24% |
FCF / Revenue % | 71.59% | 71.68% | 84.15% | -10.34% | 302.57% | -44.81% | 125.28% | 40.66% | 46.24% |
IVR Key Ratios
Invesco Mortgage Capital Inc. (IVR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
FFO per Share | 20.13 | 26.39 | -8.58 | 25.76 | -97.72 | -4.05 | -12.35 | -0.58 | 1.13 | 1.54 |
FFO Payout Ratio | 78% | 65.5% | -244.21% | 79.57% | -8.1% | -119.47% | -33.24% | -397.71% | 174.42% | 104.82% |
NOI Margin | 89.63% | 100% | 90.41% | 100% | 100% | 58.12% | 86.3% | 93.52% | 44.47% | 96.67% |
Net Debt / EBITDA | 7.38x | 5.07x | - | - | - | - | - | 19.66x | 15.53x | 17.32x |
Debt / Assets | 13.03% | 9.61% | 9.26% | 7.38% | 83.73% | 82.93% | 83.12% | 84.38% | 86.05% | 86.77% |
Interest Coverage | -0.05x | 1.86x | 0.07x | 0.05x | 0.28x | - | -6.43x | 0.98x | 1.24x | 1.46x |
Book Value / Share | 174.29 | 215.93 | 204.42 | 221.58 | 78.69 | 50.96 | 23.54 | 17.76 | 13.66 | 12.03 |
Revenue Growth | -24.44% | 21.92% | 4.57% | -3.87% | -503.93% | 103.05% | -969.33% | 143.38% | 137.36% | -24.6% |
Related:IVR Dividend History·IVR Revenue History·IVR Price History·IVR P/E History·IVR Financial Ratios·IVR Institutional Holders
IVR SEC Filings & Documents
Invesco Mortgage Capital Inc. (IVR) SEC filings — annual & quarterly reports (10-K, 10-Q)
IVR Frequently Asked Questions
Invesco Mortgage Capital Inc. (IVR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Invesco Mortgage Capital Inc. (IVR) reported $335.4M in revenue for fiscal year 2025. This represents a 1504% increase from $20.9M in 2009.
Invesco Mortgage Capital Inc. (IVR) saw revenue decline by 24.6% over the past year.
Yes, Invesco Mortgage Capital Inc. (IVR) is profitable, generating $101.2M in net income for fiscal year 2025 (29.8% net margin).
Dividend & Returns
Yes, Invesco Mortgage Capital Inc. (IVR) pays a dividend with a yield of 20.15%. This makes it attractive for income-focused investors.
Invesco Mortgage Capital Inc. (IVR) has a return on equity (ROE) of 13.3%. This is reasonable for most industries.
Industry Metrics
Invesco Mortgage Capital Inc. (IVR) generated Funds From Operations (FFO) of $101.9M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Invesco Mortgage Capital Inc. (IVR) offers a 20.15% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.