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AGNC Investment Corp.(AGNC)Earnings, Financials & Key Ratios
AGNC•NASDAQ•REIT / Real Estate
7.1× P/E·Price updated Jun 19, 2026
AboutAGNC Investment Corp. operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by the United States government-sponsored enterprise or by the United States government agency. It funds its investments primarily through collateralized borrowings structured as repurchase agreements. The company has elected to be taxed as a REIT under the Internal Revenue Code of 1986 and would not be subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as American Capital Agency Corp. and changed its name to AGNC Investment Corp. in September 2016. AGNC Investment Corp. was incorporated in 2008 and is headquartered in Bethesda, Maryland.Show more
- Revenue$1.91B-60.8%
- FFO$1.85B+114.0%
- FFO/Share1.80+64.3%
- FFO Payout86.68%-39.7%
- FFO per Share1.80+64.3%
- NOI Margin100%
- FFO Margin96.6%+445.8%
- ROE15.08%+57.4%
- ROA1.64%+52.1%
AGNC Key Insights
AGNC Investment Corp. (AGNC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓High NOI margin of 100.0%
- ✓Trading at only 0.9x book value
✗Weaknesses
- ✗Shares diluted 30.2% 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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AGNC Price & Volume
AGNC Investment Corp. (AGNC) stock price & volume — 10-year historical chart
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AGNC Growth Metrics
AGNC Investment Corp. (AGNC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years7.57%
5 Years41.17%
3 Years-16.67%
TTM-60.64%
Profit CAGR
10 Years22.75%
5 Years-
3 Years-
TTM93.51%
EPS CAGR
10 Years10.53%
5 Years-
3 Years-
TTM50.94%
Return on Capital
10 Years11.59%
5 Years9.36%
3 Years15.11%
Last Year36.27%
AGNC Recent Earnings
AGNC Investment Corp. (AGNC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Apr 20, 2026Metric
Actual
Est
EPS
$0.42+16.7%
$0.36
Rev
$1.1B+6.2%
$989M
Q1 2026
Jan 26, 2026Metric
Actual
Est
EPS
$0.35-5.4%
$0.37
Rev
$944M+0.3%
$941M
Q4 2025
Oct 20, 2025Metric
Actual
Est
EPS
$0.35-7.9%
$0.38
Rev
$903M+154.5%
$355M
Q3 2025
Jul 21, 2025Metric
Actual
Est
EPS
$0.38-9.5%
$0.42
Rev
$112M-127.9%
$401M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 20, 2026 | $0.42vs $0.36+16.7% | $1.1Bvs $989M+6.2% |
| Q1 2026 | Jan 26, 2026 | $0.35vs $0.37-5.4% | $944Mvs $941M+0.3% |
| Q4 2025 | Oct 20, 2025 | $0.35vs $0.38-7.9% | $903Mvs $355M+154.5% |
| Q3 2025 | Jul 21, 2025 | $0.38vs $0.42-9.5% | $112Mvs $401M-127.9% |
Based on last 12 quarters of dataView full earnings history →
AGNC Peer Comparison
AGNC Investment Corp. (AGNC) competitors in Agency mortgage securities 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 |
|---|---|---|---|---|---|---|---|---|
 NLY | 15.96B | 22.21 | 7.61 | 5.35% | 30.28% | 14.05% | 6.92 | |
 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 | |
 ARR | 2.08B | 16.76 | 5.08 | 444.08% | 24.22% | 11.47% | 7.94 | |
 MFA | 972.95M | 9.53 | 5.67 | 213.02% | 20.7% | 7.43% | 6.01 | |
 IVR | 574.68M | 8.00 | 5.23 | -24.6% | 30.19% | 13.34% | 7.05 | |
 PMT | 891.92M | 10.25 | 10.35 | 103.82% | 13.83% | 7.06% | 10.12 | |
 RWT | 644.97M | 5.16 | -8.19 | 356.5% | -6.58% | -6.64% | 22.56 |
Compare AGNC vs Peers
AGNC Investment Corp. (AGNC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AGNC Income Statement
AGNC Investment Corp. (AGNC) 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 | 1.59B | 1.92B | 1.08B | 341M | 2.41B | 3.3B | 1.01B | 4.88B | 1.91B |
Revenue Growth % | 14563.64% | 20.68% | -43.65% | -68.48% | 607.92% | 36.87% | -69.55% | 384.69% | -60.79% |
Property Operating Expenses | 6M | 50M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net Operating Income (NOI) | 1.58B▲ 0% | 1.87B▲ 18.0% | 1.08B▼ 42.1% | 341M▼ 68.5% | 2.41B▲ 607.9% | 3.3B▲ 36.9% | 1.01B▼ 69.6% | 4.88B▲ 384.7% | 1.91B▼ 60.8% |
NOI Margin % | 99.62% | 97.4% | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Operating Expenses | 290M | 568M | -1.75B | -213M | 1.59B | 3.87B | -1.58B | 995M | -2.61B |
G&A Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 87M |
EBITDA | 1.3B | 1.33B | 2.84B | 408M | 824M | -565M | 2.44B | 3.79B | 4.7B |
EBITDA Margin % | 81.58% | 69.11% | 262.2% | 119.65% | 34.13% | -17.1% | 242.74% | 77.81% | 245.55% |
Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 177M |
D&A / Revenue % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 9.26% |
Operating Income | 1.29B▲ 0% | 1.3B▲ 0.5% | 2.84B▲ 117.9% | 554M▼ 80.5% | 824M▲ 48.7% | -565M▼ 168.6% | 2.59B▲ 558.1% | 3.88B▲ 50.0% | 4.52B▲ 16.4% |
Operating Margin % | 81.4% | 67.81% | 262.2% | 162.46% | 34.13% | -17.1% | 257.26% | 79.59% | 236.3% |
Interest Expense | 524M | 1.17B | 2.15B | 674M | 75M | 625M | 2.29B | 2.93B | 2.85B |
Interest Coverage | 2.47x | 1.11x | 1.32x | 0.61x | 10.99x | -0.90x | 1.07x | 1.29x | 1.59x |
Non-Operating Income | 0 | 0 | 0 | 146M | 0 | 0 | 146M | 87M | 0 |
Pretax Income | 771M▲ 0% | 129M▼ 83.3% | 688M▲ 433.3% | -266M▼ 138.7% | 749M▲ 381.6% | -1.19B▼ 258.9% | 155M▲ 113.0% | 863M▲ 456.8% | 1.67B▲ 93.5% |
Pretax Margin % | 48.46% | 6.72% | 63.59% | -78.01% | 31.03% | -36.02% | 15.41% | 17.7% | 87.34% |
Income Tax | 0 | 24.84M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Effective Tax Rate % | 0% | 19.26% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Net Income | 771M▲ 0% | 129M▼ 83.3% | 688M▲ 433.3% | -266M▼ 138.7% | 749M▲ 381.6% | -1.19B▼ 258.9% | 155M▲ 113.0% | 863M▲ 456.8% | 1.67B▲ 93.5% |
Net Margin % | 48.46% | 6.72% | 63.59% | -78.01% | 31.03% | -36.02% | 15.41% | 17.7% | 87.34% |
Net Income Growth % | 23.76% | -83.27% | 433.33% | -138.66% | 381.58% | -258.88% | 113.03% | 456.77% | 93.51% |
Funds From Operations (FFO) | 774M▲ 0% | 154M▼ 80.1% | 1.29B▲ 737.0% | 816M▼ 36.7% | 1.12B▲ 37.0% | -1.18B▼ 205.3% | 155M▲ 113.2% | 863M▲ 456.8% | 1.85B▲ 114.0% |
FFO Margin % | 48.65% | 8.02% | 119.13% | 239.3% | 46.31% | -35.62% | 15.41% | 17.7% | 96.6% |
FFO Growth % | 23.84% | -80.1% | 737.01% | -36.7% | 37.01% | -205.28% | - | - | - |
FFO per Share | 2.16 | 0.35 | 2.38 | 1.48 | 2.11 | -2.19 | 0.25 | 1.10 | 1.80 |
FFO Payout Ratio % | 102.71% | 632.47% | 88.36% | 118.87% | 76.92% | -73.83% | 648.39% | 143.8% | 86.68% |
EPS (Diluted) | 2.04▲ 0% | 0.21▼ 89.7% | 1.16▲ 452.4% | -0.66▼ 156.9% | 1.22▲ 284.8% | -2.41▼ 297.5% | 0.05▲ 102.1% | 0.93▲ 1760.0% | 1.47▲ 58.1% |
EPS Growth % | 13.97% | -89.71% | 452.38% | -156.9% | 284.85% | -297.54% | 102.07% | 1760% | 58.06% |
EPS (Basic) | 2.04 | 0.21 | 1.16 | -0.66 | 1.23 | -2.41 | 0.05 | 0.93 | 1.48 |
Diluted Shares Outstanding | 358.7M | 441.4M | 541.4M | 551.6M | 530M | 537M | 619.6M | 786M | 1.02B |
AGNC Balance Sheet
AGNC Investment Corp. (AGNC) 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 | 70.38B | 109.24B | 113.08B | 81.82B | 68.15B | 51.75B | 71.6B | 88.02B | 115.08B |
Asset Growth % | 23.73% | 55.22% | 3.52% | -27.65% | -16.71% | -24.07% | 38.36% | 22.93% | 30.75% |
Real Estate & Other Assets | -32.94B | 1.65B | -526M | -526M | -526M | -526M | -4.77B | -6.1B | -526M |
PP&E (Net) | -70.38B | -109.24B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investment Securities | 1000K | 1000K | 0 | 0 | 0 | 0 | 1000K | 1000K | 0 |
Total Current Assets | 45.66B | 22.73B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash & Equivalents | 1.05B | 921M | 1.28B | 2.32B | 1.52B | 2.33B | 518M | 505M | 1.74B |
Receivables | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 1000K |
Other Current Assets | 44.61B | 20.84B | -11.46B | -14.28B | -12B | -9.08B | -518M | -505M | -18.51B |
Intangible Assets | 25M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Liabilities | 61.62B | 99.33B | 102.04B | 70.74B | 57.86B | 43.88B | 63.34B | 78.25B | 102.68B |
Total Debt | 357M | 275M | 275M | 64.27B | 57.2B | 42.89B | 80M | 64M | 64M |
Net Debt | -689M | -646M | -1.01B | 61.95B | 55.68B | 40.56B | -438M | -441M | -1.68B |
Long-Term Debt | 357M | 275M | 2.65B | 177M | 126M | 95M | 80M | 64M | 56M |
Short-Term Borrowings | 0 | 0 | 96.3B | 64.09B | 57.08B | 42.8B | 0 | 0 | 101.74B |
Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Current Liabilities | 61.27B | 99.06B | 99.39B | 70.56B | 57.65B | 43.68B | 0 | 0 | 102.62B |
Accounts Payable | 299M | 518M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Revenue | -4.88B | -3.1B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Liabilities | 4.53B | 2.83B | -2.65B | -177M | -126M | -95M | -80M | -64M | -56M |
Total Equity | 68.51B▲ 0% | 105.81B▲ 54.4% | 11.04B▼ 89.6% | 11.08B▲ 0.3% | 10.29B▼ 7.1% | 7.87B▼ 23.5% | 8.26B▲ 4.9% | 9.76B▲ 18.2% | 12.39B▲ 27.0% |
Equity Growth % | 24.42% | 54.44% | -89.57% | 0.34% | -7.11% | -23.53% | 4.92% | 18.23% | 26.95% |
Shareholders Equity | 8.75B | 9.91B | 11.04B | 11.08B | 10.29B | 7.87B | 8.26B | 9.76B | 12.39B |
Minority Interest | 59.76B | 95.9B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common Stock | 4M | 5M | 5M | 5M | 5M | 6M | 7M | 9M | 11M |
Additional Paid-in Capital | 11.17B | 13.79B | 13.89B | 13.97B | 13.71B | 14.19B | 15.28B | 17.26B | 19.26B |
Retained Earnings | -2.56B | -3.43B | -3.89B | -5.11B | -5.21B | -7.28B | -8.15B | -8.55B | -8.52B |
Preferred Stock | 484M | 484M | 932M | 1.49B | 1.49B | 1.63B | 1.63B | 1.63B | 1.97B |
Return on Assets (ROA) | 1.21% | 0.14% | 0.62% | -0.27% | 1% | -1.98% | 0.25% | 1.08% | 1.64% |
Return on Equity (ROE) | 1.25% | 0.15% | 1.18% | -2.41% | 7.01% | -13.11% | 1.92% | 9.58% | 15.08% |
Debt / Assets | 0.51% | 0.25% | 0.24% | 78.55% | 83.94% | 82.88% | 0.11% | 0.07% | 0.06% |
Debt / Equity | 0.01x | 0.00x | 0.02x | 5.80x | 5.56x | 5.45x | 0.01x | 0.01x | 0.01x |
Net Debt / EBITDA | -0.53x | -0.49x | -0.35x | 151.83x | 67.57x | - | -0.18x | -0.12x | -0.36x |
Book Value per Share | 191.00 | 239.71 | 20.39 | 20.09 | 19.42 | 14.66 | 13.33 | 12.42 | 12.11 |
AGNC Cash Flow Statement
AGNC Investment Corp. (AGNC) 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 | 1.26B | 1.11B | 1.18B | 1.75B | 1.54B | 1.01B | -118M | 86M | 653M |
Operating CF Growth % | -6.8% | -11.67% | 6.02% | 48.05% | -11.85% | -34.22% | -111.65% | 172.88% | 659.3% |
Operating CF / Revenue % | 79.2% | 57.97% | 109.06% | 512.32% | 63.79% | 30.66% | -11.73% | 1.76% | 34.15% |
Net Income | 771M | 129M | 688M | -266M | 749M | -1.19B | 155M | 863M | 1.67B |
Depreciation & Amortization | 3M | 25M | 601M | 1.08B | 369M | 13M | 0 | 0 | 177M |
Stock-Based Compensation | 4M | 6M | 13M | 18M | 19M | 2M | 11M | 18M | 26M |
Other Non-Cash Items | 319M | 932M | 523M | 2.1B | 818M | 2.08B | -296M | -832M | -1.12B |
Working Capital Changes | 163M | 21M | -44M | -105M | -46M | 107M | 12M | 37M | -98M |
Cash from Investing | -11.33B | -27.94B | -14.22B | 36.52B | 3.84B | 11.19B | -14.67B | -11.17B | -25.86B |
Acquisitions (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Purchase of Investments | -48.78B | -54.99B | -75.78B | -83.62B | -69.43B | -55.51B | -32.58B | -42.01B | -45.65B |
Sale of Investments | 40.88B | 37.59B | 49.6B | 121.67B | 72B | 62.7B | 51.96B | 23.3B | 25.55B |
Other Investing | -3.43B | -10.54B | 11.96B | -1.53B | 1.27B | 4B | -34.06B | 7.54B | -5.77B |
Cash from Financing | 9.88B | 26.98B | 12.8B | -37.23B | -6.17B | -11.39B | 14.23B | 11.08B | 25.18B |
Dividends Paid | -795M | -974M | -1.14B | -970M | -860M | -869M | -1B | -1.24B | -1.6B |
Common Dividends | -795M | -974M | -1.14B | -970M | -860M | -869M | -1B | -1.24B | -1.6B |
Debt Issuance (Net) | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
Share Repurchases | -173M | 0 | -278M | -378M | -281M | -51M | 0 | 0 | 0 |
Other Financing | 0 | 0 | 0 | -36.82B | -4.99B | -11.12B | 14.16B | 10.37B | 24.82B |
Net Change in Cash | -162M▲ 0% | 157M▲ 196.9% | -238M▼ 251.6% | 1.04B▲ 537.8% | -799M▼ 176.7% | 809M▲ 201.3% | -563M▼ 169.6% | 0▲ 100.0% | -29M▲ 0% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 1.21B | 1.36B | 1.52B | 1.28B | 2.32B | 1.52B | 2.33B | 1.77B | 1.77B |
Cash at End | 1.05B | 1.52B | 1.28B | 2.32B | 1.52B | 2.33B | 1.77B | 1.77B | 1.74B |
Free Cash Flow | 1.26B▲ 0% | 1.11B▼ 11.7% | 1.18B▲ 6.0% | 1.75B▲ 48.1% | 1.54B▼ 11.8% | 1.01B▼ 34.2% | -118M▼ 111.6% | 86M▲ 172.9% | 653M▲ 659.3% |
FCF Growth % | 127.09% | -11.67% | 6.02% | 48.05% | -11.85% | -34.22% | -111.65% | 172.88% | 659.3% |
FCF / Revenue % | 79.2% | 57.97% | 109.06% | 512.32% | 63.79% | 30.66% | -11.73% | 1.76% | 34.15% |
AGNC Key Ratios
AGNC Investment Corp. (AGNC) 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 | 1.88 | 2.16 | 0.35 | 2.38 | 1.48 | 2.11 | -2.19 | 0.25 | 1.1 | 1.8 |
FFO Payout Ratio | 127.84% | 102.71% | 632.47% | 88.36% | 118.87% | 76.92% | -73.83% | 648.39% | 143.8% | 86.68% |
NOI Margin | 136.36% | 99.62% | 97.4% | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Net Debt / EBITDA | 2.34x | -0.53x | -0.49x | -0.35x | 151.83x | 67.57x | - | -0.18x | -0.12x | -0.36x |
Debt / Assets | 6.15% | 0.51% | 0.25% | 0.24% | 78.55% | 83.94% | 82.88% | 0.11% | 0.07% | 0.06% |
Interest Coverage | 2.48x | 2.47x | 1.11x | 1.32x | 0.61x | 10.99x | -0.90x | 1.07x | 1.29x | 1.59x |
Book Value / Share | 165.91 | 191 | 239.71 | 20.39 | 20.09 | 19.42 | 14.66 | 13.33 | 12.42 | 12.11 |
Revenue Growth | -101.19% | 14563.64% | 20.68% | -43.65% | -68.48% | 607.92% | 36.87% | -69.55% | 384.69% | -60.79% |
Related:AGNC Dividend History·AGNC Revenue History·AGNC Price History·AGNC P/E History·AGNC Financial Ratios·AGNC Institutional Holders
AGNC SEC Filings & Documents
AGNC Investment Corp. (AGNC) SEC filings — annual & quarterly reports (10-K, 10-Q)
AGNC Frequently Asked Questions
AGNC Investment Corp. (AGNC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
AGNC Investment Corp. (AGNC) reported $1.92B in revenue for fiscal year 2025. This represents a 3376% increase from $55.2M in 2008.
AGNC Investment Corp. (AGNC) saw revenue decline by 60.8% over the past year.
Yes, AGNC Investment Corp. (AGNC) is profitable, generating $1.67B in net income for fiscal year 2025 (87.3% net margin).
Dividend & Returns
Yes, AGNC Investment Corp. (AGNC) pays a dividend with a yield of 15.07%. This makes it attractive for income-focused investors.
AGNC Investment Corp. (AGNC) has a return on equity (ROE) of 15.1%. This is reasonable for most industries.
Industry Metrics
AGNC Investment Corp. (AGNC) generated Funds From Operations (FFO) of $3.74B in the trailing twelve months. FFO is the primary profitability metric for REITs.
AGNC Investment Corp. (AGNC) offers a 15.07% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.