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PMTUPennyMac Mortgage Investment Trust
$25.17$2.2B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
PMTU logo

PennyMac Mortgage Investment Trust

PMTU
NYSE · Industrial REITs
$25.17
At close - Oct 1, 4:00 PM EDT - USD
Market Cap$2.2B
P/E25.4x
52W High$26.26
Volume7.22K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Debt-Funded Leverage Surge Masks Earnings Uncertainty

PMTU's balance sheet has roughly doubled from $12.3B in assets (2024Q1) to $25.1B (2026Q2) while common equity remained flat at $1.9B, suggesting the entire expansion has been debt-funded as the debt-to-equity ratio climbed from 5.07 to 12.37. Reported revenue...

GrowthMixed
ProfitabilityStrained
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

PMTU price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

6/12 Beats

EPS beat 6 of last 12 quarters

02

Valuation risk

+224% Peers

P/E is 224% above peer median

03

Market leadership

RS 50 · Avg

Average momentum (RS Rating: 50)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Oct 29

Market performance

Price History →

Trailing total returns as of 10/3/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
PMTU+5.25%
S&P 500 (^GSPC)+11.83%
1-Year Return
PMTU+7.81%
S&P 500 (^GSPC)+14.29%
3-Year Return
PMTU+30.58%
S&P 500 (^GSPC)+78.39%
5-Year Return
PMTU+29.24%
S&P 500 (^GSPC)+75.53%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
25.5x
Forward P/EExpansion
24.9x
EV/EBITDA67th %ile
224.1x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
25.5x
18.5x
67th· Fair
EV/EBITDA
224.1x
23.3x
67th· Fair
Price/FCF
N/A
2.1x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$79.95+217.6%
Base (Fair)$107.74+327.4%
Bull$136.21+441.1%
$79.95 Bear$107.74 Base$136.21 Bull
Current Market Price: $25.17
Trades at a 76.6% discount to Base DCF ($107.74)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.74B+245.8% YoY
Net income
$128M-20.6% YoY
Free cash flow
-$7.21B-164.0% YoY
Operating margin
79%+13.3 pts YoY
ROIC (TTM)6%
Avg ROIC 5Y-
ROE (TTM)6.7%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate6/12 (55%)
Revenue Beat Rate2/12 (18%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 29, 2026
$0.23-24.5%
vs $0.30
$73M-22.3%
vs $94M
Q2 2026
May 5, 2026
$0.16-56.6%
vs $0.37
$82M-11.6%
vs $93M
Q1 2026
Jan 29, 2026
$0.48+20.8%
vs $0.40
$94M-5.0%
vs $98M
Q4 2025
Oct 21, 2025
$0.55+55.1%
vs $0.35
$99M+2.1%
vs $97M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
04

Compare before deciding

Benchmark PMTU against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for PennyMac Mortgage Investment Trust (PMTU)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
PMTU logoPMTUPennyMac Mortgage Investment TrustCurrent
$25.17$2.2B25.43245.81%7.33%6.68%6.36%
MFA logoMFAMFA Financial, Inc.
$7.74$790.21M4.61213.02%19.71%8.23%—
AGNC logoAGNCAGNC Investment Corp.
$8.95$10.27B6.09-60.79%43.6%12.7%—
NLY logoNLYAnnaly Capital Management, Inc.
$18.70$14.04B6.405.35%40.52%18.31%—
TWO logoTWOTwo Harbors Investment Corp.
$12.18$1.28B-2.79-28.4%-2.53%-1.23%—
IVR logoIVRInvesco Mortgage Capital Inc.
$5.82$599.13M4.413.17%38.68%13.99%—

Compare PMTU vs Peers

PennyMac Mortgage Investment Trust (PMTU) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MFA

Most directly comparable listed peer for PMTU.

Scale Benchmark

vs RKT

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

Peer Set

Compare Top 5

vs MFA, AGNC, NLY, TWO

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

PMTU SEC Filings & Documents

PennyMac Mortgage Investment Trust (PMTU) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 29, 2026·SEC

Material company update

Jun 16, 2026·SEC

Material company update

May 5, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 18, 2026·SEC

FY 2025

Feb 20, 2025·SEC

FY 2024

Feb 22, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 4, 2026·SEC

FY 2026

May 5, 2026·SEC

FY 2025

Oct 29, 2025·SEC

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PMTU Frequently Asked Questions

PennyMac Mortgage Investment Trust (PMTU) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is PennyMac Mortgage Investment Trust's revenue?

PennyMac Mortgage Investment Trust (PMTU) reported $1.65B in revenue for fiscal year 2025. This represents a 4553% increase from $35.4M in 2010.

How fast is PennyMac Mortgage Investment Trust growing?

PennyMac Mortgage Investment Trust (PMTU) grew revenue by 245.8% over the past year. This is strong growth.

Is PMTU profitable?

Yes, PennyMac Mortgage Investment Trust (PMTU) is profitable, generating $166.3M in net income for fiscal year 2025 (7.3% net margin).

Dividend & Returns
Does PMTU pay dividends?

Yes, PennyMac Mortgage Investment Trust (PMTU) pays a dividend with a yield of 6.36%. This makes it attractive for income-focused investors.

What is PMTU's return on equity?

PennyMac Mortgage Investment Trust (PMTU) has a return on equity (ROE) of 6.7%. This is below average, suggesting room for improvement.

Industry Metrics
Is PMTU a good dividend stock?

PennyMac Mortgage Investment Trust (PMTU) offers a 6.36% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

What if you invested $1,000 in PMTU back in 2010?

Total return calculator · dividends reinvested · 16+ years of data

See returns →