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IVR logoInvesco Mortgage Capital Inc.(IVR)Earnings, Financials & Key Ratios

IVR•NYSE•REIT / Real Estate
$8.02
$576M mkt cap·5.2× P/E·Price updated May 6, 2026
SectorReal EstateIndustryMortgage REITsSub-IndustryDiversified mortgage and specialty finance REITs
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%
  • Debt/Assets86.77%+0.8%
  • Net Debt/EBITDA17.32+11.5%
  • Book Value/Share12.03-12.0%
Technical→

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.

IVR Price & Volume

Invesco Mortgage Capital Inc. (IVR) stock price & volume — 10-year historical chart

Loading chart...

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

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 2/12 qtrs (17%)
Q2 2026Latest
Apr 30, 2026
EPS
$0.55
Est $0.55
+0.0%
Revenue
$27M
Est $40M
-32.0%
Q1 2026
Jan 29, 2026
EPS
$0.56
Est $0.58
-3.4%
Revenue
$21M
Est $36M
-41.6%
Q4 2025
Oct 30, 2025
EPS
$0.58
Est $0.56
+3.9%
Revenue
$54M
Est $48M
+12.7%
Q3 2025
Jul 24, 2025
EPS
$0.58
Est $0.56
+3.6%
Revenue
$53M
Est $45M
+18.3%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 30, 2026
$0.55vs $0.55+0.0%
$27Mvs $40M-32.0%
Q1 2026Jan 29, 2026
$0.56vs $0.58-3.4%
$21Mvs $36M-41.6%
Q4 2025Oct 30, 2025
$0.58vs $0.56+3.9%
$54Mvs $48M+12.7%
Q3 2025Jul 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

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
AGNC logoAGNCAGNC Investment Corp.Direct Competitor9.68B10.7911.60384.69%24.23%7.32%0.01
NLY logoNLYAnnaly Capital Management, Inc.Direct Competitor16.19B22.547.725.35%30.28%14.05%6.92
DX logoDXDynex Capital, Inc.Direct Competitor2.66B13.355.40179.55%75.8%12.96%5.65
MFA logoMFAMFA Financial, Inc.Direct Competitor997.46M9.775.82213.02%20.7%7.43%6.01
TWO logoTWOTwo Harbors Investment Corp.Direct Competitor1.29B12.25-2.81-28.4%-44.82%-19.11%4.79
EARN logoEARNEllington Credit CompanyDirect Competitor182.16M4.8520.21-8.45%-2.76%2.91
CIM logoCIMChimera Investment CorporationProduct Competitor1.14B13.634.96218.22%33.11%8.85%5.08
EFC logoEFCEllington Financial Inc.Product Competitor1.35B13.5711.40139.04%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.

Closest Rival

vs AGNC

Most directly comparable listed peer for IVR.

Scale Benchmark

vs NLY

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

Peer Set

Compare Top 5

vs AGNC, NLY, DX, MFA

IVR Income Statement

Invesco Mortgage Capital Inc. (IVR) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Revenue405.94M424.49M408.05M-1.65B50.33M-437.55M189.8M450.5M339.7M
Revenue Growth %21.92%4.57%-3.87%-503.93%103.05%-969.33%143.38%137.36%-24.6%
Property Operating Expenses040.72M0021.08M012.29M250.18M11.29M
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 Expenses405.94M-26.12M408.05M-1.65B109.41M-123.02M19.73M128.84M7.27M
G&A Expenses44.75M47.79M46.17M10.86M29.23M8.42M19.73M7.15M7.27M
EBITDA335.98M-95.69M00-80.16M-331.44M222.84M310.38M321.14M
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-23.28M000587K0
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 Expense196.59M338.87M472.32M82.26M051.56M228.23M249.72M219.87M
Interest Coverage1.86x0.07x0.05x0.28x--6.43x0.98x1.24x1.46x
Non-Operating Income-5.91M-95.69M-23.21M-23.28M0067K00
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 Tax000000000
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 Share26.39-8.5825.76-97.72-4.05-12.35-0.581.131.54
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)28.70-10.3024.16-98.93-4.80-12.21-0.850.651.53
Diluted Shares Outstanding12.3M11.19M13.23M17.37M27.51M34.16M44.07M53.48M66.31M

IVR Balance Sheet

Invesco Mortgage Capital Inc. (IVR) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Assets18.66B17.81B22.35B8.63B8.44B5.1B5.28B5.69B6.48B
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-17.42B21.21B07.33B4.44B4.7B5.16B-3.82M
PP&E (Net)000000000
Investment Securities1000K1000K1000K01000K1000K1000K1000K1000K
Total Current Assets161.6M215.72M273.05M0627.11M303.77M237.39M210.88M198.69M
Cash & Equivalents88.38M135.62M172.51M392.58M357.13M175.53M76.97M73.4M56.04M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Assets000-409.5M246.19M103.25M133.82M112.03M114.8M
Intangible Assets000000000
Total Liabilities16B15.53B19.41B7.27B7.04B4.29B4.5B4.96B5.68B
Total Debt1.79B1.65B1.65B7.23B7B4.24B4.46B4.89B5.62B
Net Debt1.7B1.51B1.48B6.84B6.65B4.06B4.38B4.82B5.56B
Long-Term Debt1.79B1.65B1.65B000000
Short-Term Borrowings0007.23B7B4.24B4.46B4.89B5.62B
Capital Lease Obligations000000000
Total Current Liabilities93.58M300.42M287.85M7.26B7.04B4.29B4.5B4.95B5.62B
Accounts Payable20.05M39.31M45.56M01.89M1.36M17.08M34.33M1.58M
Deferred Revenue000000000
Other Liabilities00006.49M4.45M3.91M3.7M59.09M
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 Equity2.63B2.29B2.93B1.37B1.4B804.08M782.66M730.73M797.54M
Minority Interest26.39M00000000
Common Stock1.12M1.11M1.44M2.03M330K387K484K617K718K
Additional Paid-in Capital2.38B2.38B2.89B3.39B3.82B3.9B4.01B4.13B4.21B
Retained Earnings-579.33M-882.09M-814.48M-2.64B-2.88B-3.41B-3.52B-3.57B-3.58B
Preferred Stock563.32M563.32M563.32M563.32M427.97M298.71M288.49M174.28M165.76M
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 / Assets9.61%9.26%7.38%83.73%82.93%83.12%84.38%86.05%86.77%
Debt / Equity0.67x0.72x0.56x5.29x4.99x5.27x5.70x6.70x7.05x
Net Debt / EBITDA5.07x-----19.66x15.53x17.32x
Book Value per Share215.93204.42221.5878.6950.9623.5417.7613.6612.03

IVR Cash Flow Statement

Invesco Mortgage Capital Inc. (IVR) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations290.6M304.26M343.36M170.46M152.29M196.08M237.79M183.16M157.09M
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 Income353.06M-70.54M364.1M-1.67B-90M-402.92M-15.86M59.88M101.28M
Depreciation & Amortization-23.89M-25.18M-23.21M-23.28M-21.38M-19.09M-9.84M587K688K
Stock-Based Compensation000000000
Other Non-Cash Items-32M379.65M4.37M1.87B263.73M606.13M270.51M106.38M62.86M
Working Capital Changes-6.57M20.33M-1.91M2.18M-58K11.97M-7.03M16.31M-7.05M
Cash from Investing-3.09B621.55M-4.32B11.55B120.75M2.42B-536.8M-497.43M-892.87M
Acquisitions (Net)000000000
Purchase of Investments-6.27B-2.83M-9.84B-13.61B-17.14B-25.71B-6.17B-2.22B-2.88B
Sale of Investments67.84M4.75B3.31B25.03B16.43B27.75B5.29B1.34B1.46B
Other Investing3.11B-4.13B2.21B132.99M829.04M387.01M348.59M389.76M531.88M
Cash from Financing2.73B-879.2M4.13B-11.62B-88.57M-2.92B218.87M326.51M691.33M
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-1000K0-1000K-1000K-1000K1000K1000K1000K
Share Repurchases2.92B-1.14M000-1K0-117.31M-8.51M
Other Financing4.89M-21.93M3.9B-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 Effect000000000
Cash at Beginning161.79M89M135.62M289.5M392.58M577.05M278.78M198.64M210.88M
Cash at End88.38M135.62M289.5M392.58M577.05M278.78M198.64M210.88M166.43M
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

Metric2016201720182019202020212022202320242025
FFO per Share20.1326.39-8.5825.76-97.72-4.05-12.35-0.581.131.54
FFO Payout Ratio78%65.5%-244.21%79.57%-8.1%-119.47%-33.24%-397.71%174.42%104.82%
NOI Margin89.63%100%90.41%100%100%58.12%86.3%93.52%44.47%96.67%
Net Debt / EBITDA7.38x5.07x-----19.66x15.53x17.32x
Debt / Assets13.03%9.61%9.26%7.38%83.73%82.93%83.12%84.38%86.05%86.77%
Interest Coverage-0.05x1.86x0.07x0.05x0.28x--6.43x0.98x1.24x1.46x
Book Value / Share174.29215.93204.42221.5878.6950.9623.5417.7613.6612.03
Revenue Growth-24.44%21.92%4.57%-3.87%-503.93%103.05%-969.33%143.38%137.36%-24.6%

IVR SEC Filings & Documents

Invesco Mortgage Capital Inc. (IVR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 30, 2026·SEC

Material company update

Apr 15, 2026·SEC

Material company update

Apr 14, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 23, 2026·SEC

FY 2025

Feb 20, 2025·SEC

FY 2024

Feb 22, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 8, 2025·SEC

FY 2025

May 7, 2025·SEC

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 20.10%. 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 20.10% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

Explore More IVR

Invesco Mortgage Capital Inc. (IVR) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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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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