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AGNC logoAGNC Investment Corp.(AGNC)Earnings, Financials & Key Ratios

AGNC•NASDAQ•REIT / Real Estate
$10.72
$9.62B mkt cap·11.5× P/E·Price updated May 6, 2026
SectorReal EstateIndustryMortgage REITsSub-IndustryAgency mortgage securities REITs
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$4.88B+384.7%
  • FFO$863M+456.8%
  • FFO/Share1.10+338.9%
  • FFO Payout143.8%-77.8%
  • FFO per Share1.10+338.9%
  • NOI Margin100%
  • FFO Margin17.7%+14.9%
  • ROE9.58%+398.3%
  • ROA1.08%+330.3%
  • Debt/Assets0.07%-34.9%
  • Net Debt/EBITDA-0.12+35.2%
  • Book Value/Share12.42-6.8%
Analysis→Technical→

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

  • ✗Dividend payout exceeds 100% of earnings
  • ✗Shares diluted 26.9% in last year

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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 Years11.48%
5 Years35.13%
3 Years26.41%
TTM729.5%

Profit CAGR

10 Years-
5 Years4.64%
3 Years4.84%
TTM-27.32%

EPS CAGR

10 Years-
5 Years-4.32%
3 Years-8.65%
TTM-53.77%

Return on Capital

10 Years8.43%
5 Years3%
3 Years0.99%
Last Year4.86%

AGNC Recent Earnings

AGNC Investment Corp. (AGNC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Apr 20, 2026
EPS
$0.42
Est $0.36
+16.7%
Revenue
$1.1B
Est $989M
+6.2%
Q1 2026
Jan 26, 2026
EPS
$0.35
Est $0.37
-5.4%
Revenue
$944M
Est $941M
+0.3%
Q4 2025
Oct 20, 2025
EPS
$0.35
Est $0.38
-7.9%
Revenue
$903M
Est $355M
+154.5%
Q3 2025
Jul 21, 2025
EPS
$0.38
Est $0.42
-9.5%
Revenue
$112M
Est $401M
-127.9%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 20, 2026
$0.42vs $0.36+16.7%
$1.1Bvs $989M+6.2%
Q1 2026Jan 26, 2026
$0.35vs $0.37-5.4%
$944Mvs $941M+0.3%
Q4 2025Oct 20, 2025
$0.35vs $0.38-7.9%
$903Mvs $355M+154.5%
Q3 2025Jul 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

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
NLY logoNLYAnnaly Capital Management, Inc.Direct Competitor16.08B22.387.665.35%30.28%14.05%6.92
TWO logoTWOTwo Harbors Investment Corp.Direct Competitor1.29B12.26-2.81-28.4%-44.82%-19.11%6.9%4.79
EARN logoEARNEllington Credit CompanyDirect Competitor179.53M4.7819.92-8.45%13%-2.76%5.08%2.91
ARR logoARRARMOUR Residential REIT, Inc.Direct Competitor2.15B17.305.24444.08%24.22%11.47%5.79%7.94
MFA logoMFAMFA Financial, Inc.Direct Competitor975M9.555.68213.02%39.14%7.42%7.82%6.01
IVR logoIVRInvesco Mortgage Capital Inc.Direct Competitor576.83M8.035.25-24.6%30.19%13.34%27.23%7.05
PMT logoPMTPennyMac Mortgage Investment TrustProduct Competitor1.06B12.1312.25245.81%12.44%7.06%13.48%10.12
RWT logoRWTRedwood Trust, Inc.Product Competitor696.22M5.57-8.84356.5%-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.

Closest Rival

vs NLY

Most directly comparable listed peer for AGNC.

Scale Benchmark

vs O

Larger-name benchmark to compare AGNC against a more recognizable public peer.

Peer Set

Compare Top 5

vs NLY, TWO, EARN, ARR

AGNC Income Statement

AGNC Investment Corp. (AGNC) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Revenue-11M1.59B1.92B1.08B341M2.41B3.3B1.01B4.88B3.46B
Revenue Growth %-101.19%14563.64%20.68%-43.65%-68.48%607.92%36.87%-69.55%384.69%729.5%
Property Operating Expenses4M6M50M0000000
Net Operating Income (NOI)
-15M▲ 0%
1.58B▲ 10666.7%
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%
5.15B▲ 0%
NOI Margin %136.36%99.62%97.4%100%100%100%100%100%100%149.02%
Operating Expenses-1B290M568M-1.75B-213M1.59B3.87B-1.58B995M-245M
G&A Expenses0000000000
EBITDA980M1.3B1.33B2.84B408M824M-565M2.44B3.79B3.69B
EBITDA Margin %-8909.09%81.58%69.11%262.2%119.65%34.13%-17.1%242.74%77.81%106.65%
Depreciation & Amortization0000000000
D&A / Revenue %0%0%0%0%0%0%0%0%0%0%
Operating Income
987M▲ 0%
1.29B▲ 31.2%
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%
3.7B▲ 0%
Operating Margin %-8972.73%81.4%67.81%262.2%162.46%34.13%-17.1%257.26%79.59%107.08%
Interest Expense394M524M1.17B2.15B674M75M625M2.29B2.93B4M
Interest Coverage2.51x2.47x1.11x1.32x0.82x10.99x-0.90x1.13x1.32x-
Non-Operating Income9M000146M00146M87M15M
Pretax Income
623M▲ 0%
771M▲ 23.8%
129M▼ 83.3%
688M▲ 433.3%
-266M▼ 138.7%
749M▲ 381.6%
-1.19B▼ 258.9%
155M▲ 113.0%
863M▲ 456.8%
838M▲ 0%
Pretax Margin %-5663.64%48.46%6.72%63.59%-78.01%31.03%-36.02%15.41%17.7%24.23%
Income Tax987M024.84M0000000
Effective Tax Rate %158.43%0%19.26%0%0%0%0%0%0%0%
Net Income
623M▲ 0%
771M▲ 23.8%
129M▼ 83.3%
688M▲ 433.3%
-266M▼ 138.7%
749M▲ 381.6%
-1.19B▼ 258.9%
155M▲ 113.0%
863M▲ 456.8%
838M▲ 0%
Net Margin %-5663.64%48.46%6.72%63.59%-78.01%31.03%-36.02%15.41%17.7%24.23%
Net Income Growth %189.77%23.76%-83.27%433.33%-138.66%381.58%-258.88%113.03%456.77%-27.32%
Funds From Operations (FFO)
625M▲ 0%
774M▲ 23.8%
154M▼ 80.1%
1.29B▲ 737.0%
816M▼ 36.7%
1.12B▲ 37.0%
-1.18B▼ 205.3%
155M▲ 113.2%
863M▲ 456.8%
3.73B▲ 0%
FFO Margin %-5681.82%48.65%8.02%119.13%239.3%46.31%-35.62%15.41%17.7%107.78%
FFO Growth %-13.67%23.84%-80.1%737.01%-36.7%37.01%-205.28%--0%
FFO per Share1.882.160.352.381.482.11-2.190.251.103.53
FFO Payout Ratio %127.84%102.71%632.47%88.36%118.87%76.92%-73.83%648.39%143.8%40.8%
EPS (Diluted)
1.79▲ 0%
2.04▲ 14.0%
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%
0.79▲ 0%
EPS Growth %231.48%13.97%-89.71%452.38%-156.9%284.85%-297.54%102.07%1760%-53.77%
EPS (Basic)1.792.040.211.16-0.661.23-2.410.050.93-
Diluted Shares Outstanding331.9M358.7M441.4M541.4M551.6M530M537M619.6M786M1.06B

AGNC Balance Sheet

AGNC Investment Corp. (AGNC) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Total Assets56.88B70.38B109.24B113.08B81.82B68.15B51.75B71.6B88.02B108.97B
Asset Growth %-0.25%23.73%55.22%3.52%-27.65%-16.71%-24.07%38.36%22.93%106%
Real Estate & Other Assets-45.3B-32.94B1.65B-526M-526M-526M-526M-4.77B-6.1B-8.54B
PP&E (Net)-56.88B-70.38B-109.24B0000000
Investment Securities1000K1000K1000K00001000K1000K1000K
Total Current Assets54.94B45.66B22.73B0000000
Cash & Equivalents1.21B1.05B921M1.28B2.32B1.52B2.33B518M505M450M
Receivables1000K01000K1000K1000K1000K1000K001000K
Other Current Assets53.71B44.61B20.84B-11.46B-14.28B-12B-9.08B-518M-505M-1.95B
Intangible Assets28M25M00000000
Total Liabilities49.52B61.62B99.33B102.04B70.74B57.86B43.88B63.34B78.25B97.53B
Total Debt3.5B357M275M98.95B64.27B57.2B42.89B80M64M58M
Net Debt2.29B-689M-646M97.67B61.95B55.68B40.56B-438M-441M-392M
Long-Term Debt0357M275M2.65B177M126M95M80M64M58M
Short-Term Borrowings00096.3B64.09B57.08B42.8B000
Capital Lease Obligations0000000000
Total Current Liabilities49.06B61.27B99.06B99.39B70.56B57.65B43.68B000
Accounts Payable211M299M518M0000000
Deferred Revenue-5.79B-4.88B-3.1B0000000
Other Liabilities04.53B2.83B-2.65B-177M-126M-95M-80M-64M-58M
Total Equity
55.06B▲ 0%
68.51B▲ 24.4%
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%
11.44B▲ 0%
Equity Growth %590.82%24.42%54.44%-89.57%0.34%-7.11%-23.53%4.92%18.23%73.4%
Shareholders Equity7.36B8.75B9.91B11.04B11.08B10.29B7.87B8.26B9.76B11.44B
Minority Interest47.71B59.76B95.9B0000000
Common Stock3M4M5M5M5M5M6M7M9M11M
Additional Paid-in Capital9.93B11.17B13.79B13.89B13.97B13.71B14.19B15.28B17.26B18.89B
Retained Earnings-2.52B-2.56B-3.43B-3.89B-5.11B-5.21B-7.28B-8.15B-8.55B-9.04B
Preferred Stock336M484M484M932M1.49B1.49B1.63B1.63B1.63B1.97B
Return on Assets (ROA)1.09%1.21%0.14%0.62%-0.27%1%-1.98%0.25%1.08%0.77%
Return on Equity (ROE)1.98%1.25%0.15%1.18%-2.41%7.01%-13.11%1.92%9.58%7.32%
Debt / Assets6.15%0.51%0.25%87.51%78.55%83.94%82.88%0.11%0.07%0.05%
Debt / Equity0.06x0.01x0.00x8.96x5.80x5.56x5.45x0.01x0.01x0.01x
Net Debt / EBITDA2.34x-0.53x-0.49x34.43x151.83x67.57x--0.18x-0.12x-0.12x
Book Value per Share165.91191.00239.7120.3920.0919.4214.6613.3312.4210.83

AGNC Cash Flow Statement

AGNC Investment Corp. (AGNC) cash flow — operating, investing & free cash flow history

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations1.35B1.26B1.11B1.18B1.75B1.54B1.01B-118M86M86M
Operating CF Growth %-5.32%-6.8%-11.67%6.02%48.05%-11.85%-34.22%-111.65%172.88%4300.55%
Operating CF / Revenue %-12290.91%79.2%57.97%109.06%512.32%63.79%30.66%-11.73%1.76%2.49%
Net Income623M771M129M688M-266M749M-1.19B155M863M838M
Depreciation & Amortization2M3M25M601M1.08B369M13M00126M
Stock-Based Compensation1M4M6M13M18M19M2M11M18M21M
Other Non-Cash Items646M319M932M523M2.1B818M2.08B-296M-832M-380M
Working Capital Changes80M163M21M-44M-105M-46M107M12M37M-1M
Cash from Investing4.45B-11.33B-27.94B-14.22B36.52B3.84B11.19B-14.67B-11.17B-9.58B
Acquisitions (Net)-555M000000000
Purchase of Investments-25.55B-48.78B-54.99B-75.78B-83.62B-69.43B-55.51B-32.58B-42.01B-48.96B
Sale of Investments1000K1000K1000K1000K1000K1000K1000K1000K1000K2M
Other Investing1.35B-3.43B-10.54B11.96B-1.53B1.27B4B-34.06B7.54B-4.1B
Cash from Financing-5.7B9.88B26.98B12.8B-37.23B-6.17B-11.39B14.23B11.08B9.1B
Dividends Paid-799M-795M-974M-1.14B-970M-860M-869M-1B-1.24B-1.52B
Common Dividends-799M-795M-974M-1.14B-970M-860M-869M-1B-1.24B-1.52B
Debt Issuance (Net)-1000K1000K1000K1000K-1000K-1000K-1000K-1000K-1000K-4M
Share Repurchases-116M-173M0-278M-378M-281M-51M000
Other Financing-3.93B000-36.82B-4.99B-11.12B14.16B10.37B8.17B
Net Change in Cash
98M▲ 0%
-162M▼ 265.3%
157M▲ 196.9%
-238M▼ 251.6%
1.04B▲ 537.8%
-799M▼ 176.7%
809M▲ 201.3%
-563M▼ 169.6%
0▲ 100.0%
125M▲ 0%
Exchange Rate Effect0000000000
Cash at Beginning1.11B1.21B1.36B1.52B1.28B2.32B1.52B2.33B1.77B1.87B
Cash at End1.21B1.05B1.52B1.28B2.32B1.52B2.33B1.77B1.77B1.91B
Free Cash Flow
-4.65B▲ 0%
1.26B▲ 127.1%
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%
604M▲ 0%
FCF Growth %-425.7%127.09%-11.67%6.02%48.05%-11.85%-34.22%-111.65%172.88%2616.67%
FCF / Revenue %42281.82%79.2%57.97%109.06%512.32%63.79%30.66%-11.73%1.76%17.46%

AGNC Key Ratios

AGNC Investment Corp. (AGNC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201620172018201920202021202220232024TTM
FFO per Share1.882.160.352.381.482.11-2.190.251.13.53
FFO Payout Ratio127.84%102.71%632.47%88.36%118.87%76.92%-73.83%648.39%143.8%40.8%
NOI Margin136.36%99.62%97.4%100%100%100%100%100%100%149.02%
Net Debt / EBITDA2.34x-0.53x-0.49x34.43x151.83x67.57x--0.18x-0.12x-0.12x
Debt / Assets6.15%0.51%0.25%87.51%78.55%83.94%82.88%0.11%0.07%0.05%
Interest Coverage2.51x2.47x1.11x1.32x0.82x10.99x-0.90x1.13x1.32x-
Book Value / Share165.91191239.7120.3920.0919.4214.6613.3312.4210.83
Revenue Growth-101.19%14563.64%20.68%-43.65%-68.48%607.92%36.87%-69.55%384.69%729.5%

AGNC SEC Filings & Documents

AGNC Investment Corp. (AGNC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 20, 2026·SEC

Material company update

Apr 17, 2026·SEC

Material company update

Jan 26, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 23, 2026·SEC

FY 2025

Feb 21, 2025·SEC

FY 2024

Feb 22, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Oct 31, 2025·SEC

FY 2025

Aug 1, 2025·SEC

FY 2025

May 2, 2025·SEC

AGNC Frequently Asked Questions

AGNC Investment Corp. (AGNC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

AGNC Investment Corp. (AGNC) reported $3.46B in revenue for fiscal year 2024. This represents a 6166% increase from $55.2M in 2008.

AGNC Investment Corp. (AGNC) grew revenue by 384.7% over the past year. This is strong growth.

Yes, AGNC Investment Corp. (AGNC) is profitable, generating $838.0M in net income for fiscal year 2024 (17.7% net margin).

Dividend & Returns

Yes, AGNC Investment Corp. (AGNC) pays a dividend with a yield of 14.73%. This makes it attractive for income-focused investors.

AGNC Investment Corp. (AGNC) has a return on equity (ROE) of 9.6%. This is below average, suggesting room for improvement.

Industry Metrics

AGNC Investment Corp. (AGNC) generated Funds From Operations (FFO) of $3.73B in the trailing twelve months. FFO is the primary profitability metric for REITs.

AGNC Investment Corp. (AGNC) offers a 14.73% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

Explore More AGNC

AGNC Investment Corp. (AGNC) financial analysis — history, returns, DCA and operating performance tools

Full AGNC Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Historical returns with dividends reinvested

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DCA Calculator

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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