AGNC's reported total assets expanded from $71.9B in 2024Q1 to $133.4B in 2026Q3, an 86% increase funded largely by liabilities, while equity grew only from $8.6B to $11.6B and the debt-to-equity ratio sits near 8.37.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Reported revenue swung from $2.8B in 2024Q4 to negative $407.0M in 2025Q1 and $1.2B in 2026Q3, with NOI margins of 100.0% in most quarters suggesting these figures reflect investment income accounting rather than property-level profitability, so trend assessment remains unreliable.
AGNC is known for its substantial dividend yield, which is a primary draw for income-focused investors. The company has a history of returning value to shareholders through dividends, with current yields often cited around 13%.
A significant portion of AGNC's portfolio, over 85%, consists of government-guaranteed Agency Mortgage-Backed Securities (MBS). This minimizes credit risk, as these securities are backed by U.S. housing agencies like Fannie Mae and Freddie Mac, making the portfolio relatively safe even amidst economic volatility.
Bulls believe that a stable or declining interest rate environment, coupled with a steepening yield curve, can benefit AGNC. Tightening mortgage spreads and favorable market conditions, such as lower benchmark rates, have positively impacted the company's portfolio value.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 19, 2026 | $0.37-0.6% vs $0.37 | $1.2B+13.2% vs $1.1B |
Q3 2026 Jul 20, 2026 | $0.40+5.1% vs $0.38 | $1.0B-3.9% vs $1.1B |
Q2 2026 Apr 20, 2026 | $0.42+16.6% vs $0.36 | $1.1B+6.2% vs $989M |
Q1 2026 Jan 26, 2026 | $0.35-5.4% vs $0.37 | $944M+0.3% vs $941M |
AGNC Investment may have sufficient coverage now for its 16.7% dividend, but a continuation of current interest-rate trends could bode poorly for the mortgage rate. Annaly Capital Management has similar risks, but recent upbeat statements from management suggest a possible path to steadier payouts and stronger total returns.
Four stocks are paying out billions in dividends that their cash flows can barely support, and the gap between what investors expect and what the business can actually deliver keeps widening.
Mortgage rates approaching twenty-year highs have frozen existing home sales near Great Financial Crisis lows. Homeowners with four percent mortgages remain locked in place, severely constraining new housing supply. Government-sponsored enterprise guarantees eliminate credit default risk from agency mortgage-backed securities.
We're at the halfway point of another surprisingly strong REIT earnings season, with property fundamentals continuing to improve despite a materially tougher interest rate and capital market backdrop. Among 52 equity REITs providing full-year FFO guidance, 44 raised their outlooks (85%), six maintained guidance, and just two lowered (4%) their FFO outlook. REITs have significantly outperformed during earnings season, with the Equity REIT Index gaining nearly 4% during this stretch versus a -3% decline for the S&P 500.
Benchmark AGNC against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for AGNC Investment Corp. (AGNC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $8.78 | $10.08B | 178.82 | -60.79% | 1.68% | 0.48% | 17.81% | |
| $18.75 | $14.07B | 12.64 | 5.35% | 14.55% | 6.94% | 15.66% | |
| $3.28 | $123.23M | -3.36 | 101.88% | -77.65% | -21.22% | 29.16% | |
| $12.60 | $1.47B | -34.98 | 444.08% | -5.85% | -2.19% | 22.85% | |
| $6.21 | $634M | -50.45 | 213.02% | -2% | -0.66% | 28.82% | |
| $5.41 | $562.35M | -19.38 | 3.17% | — | -3.25% | 29.8% |
AGNC Investment Corp. (AGNC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
AGNC Investment Corp. (AGNC) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 19, 2026·SEC
Jul 20, 2026·SEC
May 29, 2026·SEC
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AGNC Investment Corp. (AGNC) stock FAQ — growth, dividends, profitability & financials explained
AGNC Investment Corp. (AGNC) reported $3.50B in revenue over the trailing twelve months. Revenue was $1.91B in fiscal year 2025. That is 3364% more than the $55.2M of fiscal year 2008.
AGNC Investment Corp. (AGNC) grew revenue by 125.2% over the trailing twelve months, compared with the twelve months before.
Yes. AGNC Investment Corp. (AGNC) earned $59.0M in net income over the trailing twelve months (a 1.7% net margin).
Yes. AGNC Investment Corp. (AGNC) pays a dividend that yields 17.81% at the current price, a high yield.
AGNC Investment Corp. (AGNC) had a return on equity (ROE) of 0.5% over the trailing twelve months. That is below the market's typical 10-15%.
AGNC Investment Corp. (AGNC) offers a 17.81% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
