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Orchid Island Capital, Inc.(ORC)Earnings, Financials & Key Ratios
ORC•NYSE•REIT / Real Estate
5.4× P/E·Price updated Jun 19, 2026
AboutOrchid Island Capital, Inc., a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company's RMBS is backed by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS comprising interest only securities, inverse interest only securities, and principal only securities. The company qualifies as a real estate investment trust for federal income tax purposes. Orchid Island Capital, Inc. was incorporated in 2010 and is based in Vero Beach, Florida.Show more
- Revenue$180M+229.9%
- FFO$159M+322.3%
- FFO/Share1.24+115.4%
- FFO Payout112.47%-54.2%
- FFO per Share1.24+115.4%
- NOI Margin97.78%-2.2%
- FFO Margin88.59%+28.0%
- ROE15.59%+135.6%
- ROA1.83%+142.4%
ORC Key Insights
Orchid Island Capital, Inc. (ORC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y profit CAGR of 137.0%
- ✓High NOI margin of 97.8%
- ✓Trading at only 0.6x book value
✗Weaknesses
- ✗High debt to equity ratio of 7.5x
- ✗Weak 3Y average ROE of 4.5%
- ✗Dividend payout exceeds 100% of earnings
- ✗Shares diluted 96.0% 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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ORC Price & Volume
Orchid Island Capital, Inc. (ORC) stock price & volume — 10-year historical chart
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ORC Growth Metrics
Orchid Island Capital, Inc. (ORC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years10.29%
5 Years69.92%
3 Years-
TTM272.15%
Profit CAGR
10 Years64.88%
5 Years136.97%
3 Years-
TTM322.26%
EPS CAGR
10 Years17.37%
5 Years50.61%
3 Years-
TTM72.33%
Return on Capital
10 Years1.31%
5 Years3.19%
3 Years11.11%
Last Year11.11%
ORC Recent Earnings
Orchid Island Capital, Inc. (ORC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Apr 23, 2026Metric
Actual
Est
EPS
$0.26-3.7%
$0.27
Rev
$57M+85.5%
$31M
Q1 2026
Jan 29, 2026Metric
Actual
Est
EPS
$0.19-18.6%
$0.23
Rev
$38M+29.5%
$30M
Q4 2025
Oct 23, 2025Metric
Actual
Est
EPS
$0.16-11.1%
$0.18
Rev
$78M+110.0%
$37M
Q3 2025
Jul 24, 2025Metric
Actual
Est
EPS
$0.16+6.7%
$0.15
Rev
$84M+262.4%
$23M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 23, 2026 | $0.26vs $0.27-3.7% | $57Mvs $31M+85.5% |
| Q1 2026 | Jan 29, 2026 | $0.19vs $0.23-18.6% | $38Mvs $30M+29.5% |
| Q4 2025 | Oct 23, 2025 | $0.16vs $0.18-11.1% | $78Mvs $37M+110.0% |
| Q3 2025 | Jul 24, 2025 | $0.16vs $0.15+6.7% | $84Mvs $23M+262.4% |
Based on last 12 quarters of dataView full earnings history →
ORC Peer Comparison
Orchid Island Capital, Inc. (ORC) 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 |
|---|---|---|---|---|---|---|---|---|
 AGNC | 11.66B | 10.38 | 7.06 | -60.79% | 87.02% | 15.1% | 0.01 | |
 NLY | 15.96B | 22.21 | 7.61 | 5.35% | 30.28% | 14.05% | 6.92 | |
 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 | |
 DX | 1.98B | 13.06 | 5.29 | 67.76% | 59.8% | 17.19% | 5.65 | |
 TWO | 1.29B | 12.32 | -2.83 | -28.4% | -44.82% | -19.11% | 4.79 | |
 MFA | 972.95M | 9.53 | 5.67 | 213.02% | 20.7% | 7.43% | 6.01 | |
 MITT | 251.98M | 7.94 | 8.82 | 14.4% | 6.82% | 6.11% | 14.45 |
Compare ORC vs Peers
Orchid Island Capital, Inc. (ORC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ORC Income Statement
Orchid Island Capital, Inc. (ORC) 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 | 138.17M | 124.29M | 34.65M | 12.67M | -49.89M | -241M | -20.7M | 54.41M | 179.51M |
Revenue Growth % | 53.17% | -10.05% | -72.12% | -63.43% | -493.73% | -383.03% | 91.41% | 362.89% | 229.95% |
Property Operating Expenses | 6.98M | 7.83M | 2.38M | 2.57M | 0 | 2.87M | 0 | 0 | 3.99M |
Net Operating Income (NOI) | 131.19M▲ 0% | 116.46M▼ 11.2% | 32.27M▼ 72.3% | 10.1M▼ 68.7% | -49.89M▼ 594.0% | -243.88M▼ 388.8% | -20.7M▲ 91.5% | 54.41M▲ 362.9% | 175.52M▲ 222.6% |
NOI Margin % | 94.95% | 93.7% | 93.14% | 79.71% | 100% | 101.19% | 100% | 100% | 97.78% |
Operating Expenses | 0 | 0 | 8.01M | 7.97M | -49.89M | 14.58M | -20.7M | 54.41M | 16.49M |
G&A Expenses | 0 | 0 | 8.01M | 7.97M | 2.88M | 14.58M | 3.44M | 2.62M | 16.49M |
EBITDA | 2.01M | 25.97M | 24.27M | 2.13M | 0 | -258.45M | 0 | 0 | 464.76M |
EBITDA Margin % | 1.45% | 20.9% | 70.03% | 16.79% | 0% | 107.24% | 0% | 0% | 258.91% |
Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
D&A / Revenue % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Operating Income | 2.01M▲ 0% | 25.97M▲ 1194.1% | 24.27M▼ 6.6% | 2.13M▼ 91.2% | 0▼ 100.0% | -258.45M▲ 0% | 0▲ 100.0% | 0▲ 0% | 159.03M▲ 0% |
Operating Margin % | 1.45% | 20.9% | 70.03% | 16.79% | 0% | 107.24% | 0% | 0% | 88.59% |
Interest Expense | 41.67M | 70.36M | 83.67M | 25.06M | 7.09M | 61.71M | 201.92M | 236.28M | 305.73M |
Interest Coverage | 0.05x | 0.37x | 0.29x | 0.08x | - | -4.19x | - | - | 1.52x |
Non-Operating Income | 0 | 0 | 24.27M | 2.13M | 0 | -258.45M | 0 | 0 | -305.73M |
Pretax Income | 2.01M▲ 0% | -44.39M▼ 2311.6% | 24.27M▲ 154.7% | 2.13M▼ 91.2% | -64.76M▼ 3143.2% | -258.45M▼ 299.1% | -39.23M▲ 84.8% | 37.66M▲ 196.0% | 159.03M▲ 322.3% |
Pretax Margin % | 1.45% | -35.71% | 70.03% | 16.79% | 129.8% | 107.24% | 189.54% | 69.22% | 88.59% |
Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Net Income | 2.01M▲ 0% | -44.39M▼ 2311.6% | 24.27M▲ 154.7% | 2.13M▼ 91.2% | -64.76M▼ 3143.2% | -258.45M▼ 299.1% | -39.23M▲ 84.8% | 37.66M▲ 196.0% | 159.03M▲ 322.3% |
Net Margin % | 1.45% | -35.71% | 70.03% | 16.79% | 129.8% | 107.24% | 189.54% | 69.22% | 88.59% |
Net Income Growth % | 1.41% | -2311.61% | 154.67% | -91.23% | -3143.23% | -299.09% | 84.82% | 196.01% | 322.26% |
Funds From Operations (FFO) | 2.01M▲ 0% | -44.39M▼ 2311.6% | 24.27M▲ 154.7% | 2.13M▼ 91.2% | -64.76M▼ 3143.2% | -258.45M▼ 299.1% | -39.23M▲ 84.8% | 37.66M▲ 196.0% | 159.03M▲ 322.3% |
FFO Margin % | 1.45% | -35.71% | 70.03% | 16.79% | 129.8% | 107.24% | 189.54% | 69.22% | 88.59% |
FFO Growth % | - | - | - | - | - | - | - | - | - |
FFO per Share | 0.24 | -4.25 | 2.15 | 0.16 | -2.67 | -6.90 | -0.88 | 0.58 | 1.24 |
FFO Payout Ratio % | 3383.36% | -133.62% | 219.69% | 2520.91% | -140.49% | -36.17% | -205.87% | 245.61% | 112.47% |
EPS (Diluted) | 0.25▲ 0% | -4.25▼ 1800.7% | 2.15▲ 150.6% | 0.16▼ 92.6% | -2.67▼ 1768.8% | -6.90▼ 158.4% | -0.88▲ 87.2% | 0.58▲ 165.9% | 1.24▲ 113.8% |
EPS Growth % | -37.5% | -1800.72% | 150.57% | -92.56% | -1768.75% | -158.43% | 87.25% | 165.91% | 113.79% |
EPS (Basic) | 0.25 | -4.25 | 2.15 | 0.16 | -2.67 | -6.90 | -0.88 | 0.58 | 1.24 |
Diluted Shares Outstanding | 8.21M | 10.44M | 11.27M | 13.44M | 24.23M | 37.46M | 44.65M | 65.45M | 128.3M |
ORC Balance Sheet
Orchid Island Capital, Inc. (ORC) 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 | 4.02B | 3.4B | 3.88B | 4.06B | 7.07B | 3.87B | 4.26B | 5.72B | 11.68B |
Asset Growth % | 28.19% | -15.6% | 14.33% | 4.53% | 74.19% | -45.31% | 10.33% | 34.15% | 104.07% |
Real Estate & Other Assets | -32.25M | 0 | 3.58B | 0 | -41.9M | -27.36M | -77.6M | -44.24M | -137.22M |
PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investment Securities | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K |
Total Current Assets | 292.76M | 343.27M | 291.06M | 0 | 0 | 0 | 0 | 0 | 911.55M |
Cash & Equivalents | 214.36M | 108.28M | 193.77M | 299.51M | 385.14M | 205.65M | 171.89M | 309.33M | 724.56M |
Receivables | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Other Current Assets | 46.79M | 0 | 97.29M | -309.64M | -404M | -217.17M | -255.98M | -332.37M | 137.87M |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Liabilities | 3.56B | 3.06B | 3.49B | 3.64B | 6.3B | 3.43B | 3.8B | 5.05B | 10.3B |
Total Debt | 216K | 2.99M | 2.99M | 3.6B | 0 | 0 | 0 | 0 | 10.24B |
Net Debt | -214.36M | -108.28M | -190.78M | 3.3B | -385.14M | -205.65M | -171.89M | -309.33M | 9.52B |
Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Short-Term Borrowings | 0 | 0 | 3.47B | 3.6B | 0 | 0 | 0 | 0 | 10.24B |
Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Current Liabilities | 22.05M | 18.13M | 3.49B | 0 | 0 | 0 | 0 | 0 | 10.24B |
Accounts Payable | 6.52M | 6.45M | 0 | 0 | 788K | 9.21M | 7.94M | 10.75M | 31.4M |
Deferred Revenue | 3.56B | 3.06B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Liabilities | -3.56B | -3.06B | 0 | 0 | 0 | 0 | 0 | 0 | 59.85M |
Total Equity | 462.21M▲ 0% | 336.08M▼ 27.3% | 395.51M▲ 17.7% | 415.29M▲ 5.0% | 768.1M▲ 85.0% | 438.76M▼ 42.9% | 469.94M▲ 7.1% | 668.5M▲ 42.3% | 1.37B▲ 105.2% |
Equity Growth % | 38.89% | -27.29% | 17.68% | 5% | 84.95% | -42.88% | 7.11% | 42.25% | 105.23% |
Shareholders Equity | 462.21M | 336.08M | 395.51M | 415.29M | 768.1M | 438.76M | 469.94M | 668.5M | 1.37B |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common Stock | 531K | 491K | 631K | 761K | 354K | 368K | 516K | 826K | 1.82M |
Additional Paid-in Capital | 461.68M | 379.98M | 415M | 432.52M | 850.5M | 779.6M | 849.85M | 1.01B | 1.55B |
Retained Earnings | 0 | -44.39M | -20.12M | -17.99M | -82.75M | -341.21M | -380.43M | -342.77M | -183.74M |
Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Return on Assets (ROA) | 0.06% | -1.2% | 0.67% | 0.05% | -1.16% | -4.73% | -0.96% | 0.75% | 1.83% |
Return on Equity (ROE) | 0.5% | -11.12% | 6.63% | 0.52% | -10.94% | -42.83% | -8.63% | 6.62% | 15.59% |
Debt / Assets | 0.01% | 0.09% | 0.08% | 88.6% | - | - | - | - | 87.74% |
Debt / Equity | 0.00x | 0.01x | 0.01x | 8.66x | - | - | - | - | 7.47x |
Net Debt / EBITDA | -106.81x | -4.17x | -7.86x | 1548.91x | - | - | - | - | 20.48x |
Book Value per Share | 56.28 | 32.19 | 35.11 | 30.89 | 31.70 | 11.71 | 10.53 | 10.21 | 10.69 |
ORC Cash Flow Statement
Orchid Island Capital, Inc. (ORC) 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 | 85.01M | 94M | 48.16M | 55.37M | 96.44M | 289.37M | 8M | 66.99M | 120.45M |
Operating CF Growth % | 80.69% | 10.58% | -48.76% | 14.98% | 74.16% | 200.05% | -97.23% | 737.06% | 79.8% |
Operating CF / Revenue % | 61.52% | 75.63% | 138.99% | 436.98% | -193.29% | -120.07% | -38.67% | 123.13% | 67.1% |
Net Income | 2.01M | -44.39M | 24.27M | 2.13M | -64.76M | -258.45M | -39.23M | 37.66M | 159.03M |
Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Stock-Based Compensation | 535K | 492K | 294K | 244K | 772K | 957K | 1.2M | 553K | 908K |
Other Non-Cash Items | 76.64M | 136.91M | 18.04M | 58.12M | 168.65M | 530.71M | 50.32M | 33.19M | -14.53M |
Working Capital Changes | 5.83M | 990K | 5.56M | -5.11M | -8.22M | 16.16M | -4.29M | -4.42M | -24.96M |
Cash from Investing | -802.5M | 380.02M | -354.81M | -199.34M | -3.02B | 2.44B | -441.06M | -1.42B | -5.38B |
Acquisitions (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Purchase of Investments | -6.5B | -3.89B | -4.27B | -4.86B | -6.47B | -1B | -1.62B | -2.84B | -7.7B |
Sale of Investments | 5.7B | 4.26B | 3.92B | 4.72B | 3.45B | 3.2B | 1.18B | 1.42B | 2.36B |
Other Investing | -4.1M | 14.1M | 0 | -63.26M | 0 | 245.34M | 0 | 0 | -32.38M |
Cash from Financing | 869.78M | -594.47M | 459.04M | 164.82M | 3.07B | -2.94B | 396.13M | 1.48B | 5.65B |
Dividends Paid | -67.9M | -59.31M | -53.31M | -53.65M | -90.98M | -93.49M | -80.75M | -92.5M | -178.86M |
Common Dividends | -67.9M | -59.31M | -53.31M | -53.65M | -90.98M | -93.49M | -80.75M | -92.5M | -178.86M |
Debt Issuance (Net) | 0 | 0 | 0 | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K |
Share Repurchases | 0 | -26.42M | -3.02M | -68K | -299K | -24.84M | -9.76M | -3.46M | -7.38M |
Other Financing | 740.08M | -508.73M | 515.37M | 0 | 514.06M | 0 | 159.44M | 0 | 0 |
Net Change in Cash | 152.29M▲ 0% | -120.45M▼ 179.1% | 152.39M▲ 226.5% | 20.85M▼ 86.3% | 150.94M▲ 623.9% | -213.22M▼ 241.3% | -36.93M▲ 82.7% | 134.76M▲ 464.9% | 389.51M▲ 189.0% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 94.42M | 246.71M | 126.26M | 278.65M | 299.51M | 450.44M | 237.22M | 200.29M | 335.05M |
Cash at End | 246.71M | 126.26M | 278.65M | 299.51M | 450.44M | 237.22M | 200.29M | 335.05M | 724.56M |
Free Cash Flow | 85.01M▲ 0% | 94M▲ 10.6% | 48.16M▼ 48.8% | 55.37M▲ 15.0% | 96.44M▲ 74.2% | 289.37M▲ 200.1% | 8M▼ 97.2% | 66.99M▲ 737.1% | 120.45M▲ 79.8% |
FCF Growth % | 80.69% | 10.58% | -48.76% | 14.98% | 74.16% | 200.05% | -97.23% | 737.06% | 79.8% |
FCF / Revenue % | 61.52% | 75.63% | 138.99% | 436.98% | -193.29% | -120.07% | -38.67% | 123.13% | 67.1% |
ORC Key Ratios
Orchid Island Capital, Inc. (ORC) 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 | 0.41 | 0.24 | -4.25 | 2.15 | 0.16 | -2.67 | -6.9 | -0.88 | 0.58 | 1.24 |
FFO Payout Ratio | 1858.11% | 3383.36% | -133.62% | 219.69% | 2520.91% | -140.49% | -36.17% | -205.87% | 245.61% | 112.47% |
NOI Margin | 94.63% | 94.95% | 93.7% | 93.14% | 79.71% | 100% | 101.19% | 100% | 100% | 97.78% |
Net Debt / EBITDA | -37.13x | -106.81x | -4.17x | -7.86x | 1548.91x | - | - | - | - | 20.48x |
Debt / Assets | 0.01% | 0.01% | 0.09% | 0.08% | 88.6% | - | - | - | - | 87.74% |
Interest Coverage | 0.13x | 0.05x | 0.37x | 0.29x | 0.08x | - | -4.19x | - | - | 1.52x |
Book Value / Share | 69.04 | 56.28 | 32.19 | 35.11 | 30.89 | 31.7 | 11.71 | 10.53 | 10.21 | 10.69 |
Revenue Growth | 33.85% | 53.17% | -10.05% | -72.12% | -63.43% | -493.73% | -383.03% | 91.41% | 362.89% | 229.95% |
Related:ORC Dividend History·ORC Revenue History·ORC Price History·ORC P/E History·ORC Financial Ratios·ORC Institutional Holders
ORC SEC Filings & Documents
Orchid Island Capital, Inc. (ORC) SEC filings — annual & quarterly reports (10-K, 10-Q)
ORC Frequently Asked Questions
Orchid Island Capital, Inc. (ORC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Orchid Island Capital, Inc. (ORC) reported $202.5M in revenue for fiscal year 2025. This represents a 291900% increase from $0.1M in 2010.
Orchid Island Capital, Inc. (ORC) grew revenue by 229.9% over the past year. This is strong growth.
Yes, Orchid Island Capital, Inc. (ORC) is profitable, generating $159.0M in net income for fiscal year 2025 (88.6% net margin).
Dividend & Returns
Yes, Orchid Island Capital, Inc. (ORC) pays a dividend with a yield of 20.81%. This makes it attractive for income-focused investors.
Orchid Island Capital, Inc. (ORC) has a return on equity (ROE) of 15.6%. This is reasonable for most industries.
Industry Metrics
Orchid Island Capital, Inc. (ORC) offers a 20.81% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.