PennyMac Mortgage Investment Trust (PMT) Revenue History
Annual and quarterly revenue from 2010 to present
PMT Revenue Over Time (2010–2025)
PMT Revenue Growth History
9 of 15 years with positive growth- FY2010 revenue growth
- N/A
- FY2011 revenue growth
- +156.6%
- FY2012 revenue growth
- +262.0%
- FY2013 revenue growth
- +29.3%
- FY2014 revenue growth
- -3.9%
- FY2015 revenue growth
- -28.4%
- FY2016 revenue growth
- +6.4%
- FY2017 revenue growth
- +44.3%
- FY2018 revenue growth
- -8.7%
- FY2019 revenue growth
- +132.6%
- FY2020 revenue growth
- +47.7%
- FY2021 revenue growth
- -46.2%
- FY2022 revenue growth
- -119.2%
- FY2023 revenue growth
- +598.3%
- FY2024 revenue growth
- -30.5%
- FY2025 revenue growth
- +103.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $3.4M | -98.2% |
| Q4 2025 | $425.9M | +2805.1% |
| Q3 2025 | $290.5M | +9.3% |
| Q2 2025 | $237.2M | +94.8% |
| Q1 2025 | $189.2M | +84.8% |
| Q4 2024 | $14.7M | -95.4% |
| Q3 2024 | $265.8M | +10518.5% |
| Q2 2024 | $121.8M | -31.8% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
PMT's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
PMT Revenue Analysis (2010–2025)
Current Revenue & Growth
As of June 21, 2026, PennyMac Mortgage Investment Trust (PMT) generated trailing twelve-month (TTM) revenue of $957.0 million, reflecting significant decline in growth of -98.2% year-over-year. The most recent quarter (Q1 2026) recorded $3.4 million in revenue, down 99.2% sequentially.
Historical Growth Trajectory
PMT's 5-year compound annual growth rate (CAGR) stands at -6.1%, indicating revenue contraction over this period. PennyMac Mortgage Investment Trust's highest annual revenue of $1.41 billion was recorded in 2020.
Revenue by Segment
PMT's revenue is primarily driven by Interest Rate Sensitive Strategies (49%), Correspondent Production (29%), and Credit Sensitive Strategies (22%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Real Estate sector peers — including MFA (+137.8% YoY), MITT (+16.1% YoY), and EARN — PMT has underperformed the peer group in revenue growth. Compare PMT vs MFA →
PMT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PMTCurrent | $957M | -98.2% | -6.1% | 9.1% | |
 MFA | $875M | +137.8% | - | 78.8% | |
 MITT | $473M | +16.1% | - | 96.9% | |
 EARN | $51M | - | - | 14.0% | |
 CIM | $821M | +129.5% | +29.4% | 93.2% | |
 IVR | $340M | +0.7% | - | 94.5% |
PMT Historical Revenue Data (2010–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.03B | +103.8% | $158.1M | 15.4% | $93.8M | 9.1% |
| 2024 | $504.6M | -30.5% | $380.5M | 75.4% | $331.3M | 65.7% |
| 2023 | $725.9M | +598.3% | $603.8M | 83.2% | $558.2M | 76.9% |
| 2022 | $-145,664,000 | -119.2% | $-321,203,000 | 220.5% | $-369,835,999 | 253.9% |
| 2021 | $757.5M | -46.2% | $448.7M | 59.2% | $394.0M | 52.0% |
| 2020 | $1.41B | +47.7% | $1.08B | 76.3% | $1.03B | 73.0% |
| 2019 | $953.2M | +132.6% | $719.0M | 75.4% | $668.4M | 70.1% |
| 2018 | $409.8M | -8.7% | $270.2M | 65.9% | $231.2M | 56.4% |
| 2017 | $448.9M | +44.3% | $309.0M | 68.8% | $271.7M | 60.5% |
| 2016 | $311.0M | +6.4% | $153.4M | 49.3% | $117.5M | 37.8% |
| 2015 | $292.4M | -28.4% | $172.3M | 58.9% | $132.2M | 45.2% |
| 2014 | $408.1M | -3.9% | $297.4M | 72.9% | $244.6M | 59.9% |
| 2013 | $424.7M | +29.3% | $303.7M | 71.5% | $254.2M | 59.8% |
| 2012 | $328.5M | +262.0% | $246.9M | 75.2% | $194.4M | 59.2% |
| 2011 | $90.7M | +156.6% | $86.3M | 95.1% | $72.5M | 79.9% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
16+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
PMT — Frequently Asked Questions
Quick answers to the most common questions about buying PMT stock.
Is PMT's revenue growth accelerating or slowing?
PMT revenue is declining -98.2% year-over-year. TTM revenue fell to $957M, contrasting with the 5-year CAGR of -6.1%. The reversal reflects either macro headwinds or company-specific challenges.
What is PMT's revenue history from 2010 to 2026?
PennyMac Mortgage Investment Trust (PMT) revenue history spans 2010 to 2026. TTM revenue as of 2026 is $957M, growing at -98.2% YoY. The 5-year CAGR is -6.1%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is PMT's long-term revenue growth rate (CAGR)?
PennyMac Mortgage Investment Trust's 5-year revenue CAGR of -6.1% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -98.2% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for PMT.
Why does PMT's quarterly revenue fluctuate?
PMT quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. PennyMac Mortgage Investment Trust's revenue data from 2010 to 2026 shows full historical quarterly detail on this page.
How is PMT's revenue distributed by segment?
PMT reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does PMT's revenue compare to industry peers?
PennyMac Mortgage Investment Trust (PMT) with TTM revenue of $957M and -98.2% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.