Last 47 quarters of trend data · Real Estate · REIT - Mortgage
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Invesco Mortgage Capital Inc.'s quarterly P/E stands at 2.7x. EV/EBITDA has compressed 29.7% YoY to 14.2x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 5.25 | 2.70 | 2.55 | — | 7.59 | — | 3.54 | — | 4.70 | 4.58 | — | — | 6.76 |
| — | — | -27.9% | — | +61.5% | — | — | — | -30.5% | +27.1% | — | — | — | |
| P/S Ratio | 1.70 | 1.29 | 1.13 | 3.78 | 1.56 | 0.47 | 2.76 | — | 3.28 | 3.18 | — | 12.33 | 3.94 |
| — | +175.5% | -58.9% | — | -52.5% | -85.3% | — | — | -16.7% | +20.1% | — | — | — | |
| P/B Ratio | 0.67 | 0.70 | 0.67 | 0.73 | 0.65 | 0.67 | 0.58 | 0.58 | 0.57 | 0.52 | 0.55 | 0.55 | 0.50 |
| — | +4.4% | +14.3% | +26.7% | +14.7% | +28.4% | +5.2% | +5.3% | +13.3% | -4.9% | +17.4% | +14.5% | -21.0% | |
| P/FCF | 3.67 | 2.33 | 3.44 | 3.20 | 6.39 | 1.98 | 4.05 | 3.33 | 1.94 | 3.22 | 2.08 | 1.34 | 1.56 |
| — | +17.8% | -15.2% | -3.9% | +229.4% | -38.6% | +95.0% | +149.7% | +24.7% | +102.5% | +6.4% | -52.9% | -65.1% | |
| EV / EBITDA | 19.12 | 14.15 | 25.55 | — | 73.27 | 20.14 | 13.15 | 25.27 | 1.06 | 13.17 | — | — | — |
| — | -29.7% | +94.4% | — | +6808.4% | +52.9% | — | — | — | — | — | — | — | |
| EV / EBIT | 19.12 | 14.15 | 25.63 | — | 73.92 | 20.14 | 13.17 | 25.27 | 1.06 | 14.62 | 783.58 | 426.10 | 288.76 |
| — | -29.7% | +94.7% | — | +6860.5% | +37.7% | -98.3% | -94.1% | -99.6% | -93.9% | +269.7% | +133.3% | -3.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Invesco Mortgage Capital Inc.'s operating margin was 99.8% in Q4 2025, up 52.6 pp QoQ and up 74.6 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 26.0% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 96.7% | 97.4% | 51.2% | -53.6% | 30.6% | 98.8% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| — | -1.4% | -48.8% | -153.6% | -69.4% | -1.2% | 0.0% | 0.0% | 0.0% | -0.0% | 0.0% | 0.0% | 0.0% | |
| Operating Margin | 94.5% | 99.8% | 47.2% | -67.7% | 24.8% | 25.2% | 236.1% | -552.3% | 267.3% | 255.4% | — | — | — |
| — | +296.5% | -80.0% | +87.7% | -90.7% | -90.1% | — | — | — | — | — | — | — | |
| Net Margin | 29.8% | 47.5% | 47.2% | -67.7% | 24.8% | 1.3% | 89.8% | 161.9% | 85.6% | 84.8% | 107.6% | 43.5% | 80.9% |
| — | +3448.9% | -47.4% | -141.8% | -71.1% | -98.4% | -16.5% | +272.4% | +5.8% | -3.2% | +1.3% | -59.5% | -21.7% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.3% | 6.6% | 7.2% | -3.2% | 2.6% | 0.4% | 5.0% | -1.7% | 3.7% | 3.5% | -8.4% | 0.5% | 2.6% |
| — | +1387.3% | +43.5% | -82.2% | -29.0% | -87.3% | +159.7% | -458.1% | +41.7% | -25.5% | +28.4% | +104.6% | +114.5% | |
| ROA | 1.7% | 0.8% | 0.9% | -0.4% | 0.3% | 0.1% | 0.7% | -0.3% | 0.6% | 0.5% | -1.2% | 0.1% | 0.4% |
| — | +1288.6% | +28.9% | -54.3% | -40.1% | -87.8% | +162.3% | -470.9% | +39.4% | -34.3% | +48.0% | +103.7% | +113.5% | |
| ROIC | 4.0% | 1.3% | 0.7% | -0.3% | 0.3% | 0.9% | 1.5% | 1.2% | 2.3% | 1.1% | — | — | — |
| — | +56.5% | -49.8% | -125.7% | -89.1% | -24.9% | — | — | — | — | — | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Invesco Mortgage Capital Inc.'s Debt/EBITDA ratio is 52.0x, down from 96.0x last quarter — elevated, raising questions about debt serviceability. Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 7.05 | 7.05 | 6.69 | 6.54 | 7.06 | 6.70 | 6.05 | 5.61 | — | 5.70 | 6.36 | 5.90 | 5.77 |
| — | +5.2% | +10.6% | +16.4% | — | +17.6% | -4.9% | -4.9% | — | +8.1% | +24.6% | +73.5% | +11.5% | |
| Debt / EBITDA | 17.50 | 51.96 | 96.01 | — | 270.29 | 74.23 | 48.37 | 92.80 | — | 49.02 | — | — | — |
| — | -30.0% | +98.5% | — | — | +51.4% | — | — | — | — | — | — | — | |
| Current Ratio | 0.04 | 0.01 | — | — | — | — | 0.03 | — | — | — | 0.08 | 0.07 | — |
| — | — | — | — | — | — | -58.0% | — | — | — | — | — | — | |
| Quick Ratio | 0.04 | 0.01 | — | — | — | — | 0.03 | — | — | — | 0.08 | 0.07 | — |
| — | — | — | — | — | — | -58.0% | — | — | — | — | — | — | |
| Interest Coverage | 1.46 | 1.91 | 0.97 | -0.44 | 0.36 | 1.06 | 1.61 | 0.77 | 1.48 | 1.52 | 0.03 | 0.05 | 0.09 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Invesco Mortgage Capital Inc.'s current P/E is 5.2x. The average P/E over the last 3 quarters is 4.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Invesco Mortgage Capital Inc.'s current operating margin is 94.5%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Invesco Mortgage Capital Inc.'s business trajectory between earnings reports.