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PMTU logoPennyMac Mortgage Investment Trust(PMTU)Earnings, Financials & Key Ratios

PMTU•NYSE•REIT / Real Estate
$25.50
$2.22B mkt cap·25.8× P/E·Price updated May 6, 2026
SectorReal EstateIndustryIndustrial REITsSub-IndustryReal Estate Finance and Mortgage REITs
AboutPennyMac Mortgage Investment Trust is a finance company, which invests primarily in residential mortgage loans and mortgage-related assets. It operates through following segments: Correspondent Production, Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Corporate Activities. The Correspondent Production segment deals with purchasing, pooling, and reselling newly originated prime credit quality mortgage loans either directly or in the form of mortgage-backed securities in capital markets. The Credit Sensitive Strategies segment includes investments in distressed mortgage loans, real estate acquired in settlement of mortgage loans, real estate held for investment, credit risk transfer agreements, non-agency subordinated bonds, and small balance commercial real estate mortgage loans. The Interest Rate Sensitive Strategies segment focuses on investments in mortgage servicing rights, excess servicing spread, agency and senior non-agency mortgage-backed securities, and the related interest rate hedging activities. The Corporate segment includes management fee and corporate expense amounts and certain interest income. The company was founded by Stanford L. Kurland on May 18, 2009 and is headquartered in Westlake Village, CA.Show more
  • Revenue$1.03B+103.8%
  • FFO$128M-20.6%
  • FFO/Share1.47-20.7%
  • FFO Payout108.99%+26.0%
  • FFO per Share1.47-20.7%
  • NOI Margin15.37%-79.6%
  • FFO Margin12.43%-61.0%
  • ROE6.68%-19.1%
  • ROA0.72%-38.9%
  • Debt/Assets89.45%+6.3%
  • Net Debt/EBITDA200.63+1648.5%
  • Book Value/Share21.70-2.8%
Technical→

PMTU Key Insights

PennyMac Mortgage Investment Trust (PMTU) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 19.5%
  • ✓Momentum leader: RS Rating 95 (top 5%)
  • ✓Trading near 52-week high
  • ✓Trading at only 1.2x book value

✗Weaknesses

  • ✗High debt to equity ratio of 10.1x
  • ✗Weak Piotroski F-Score: 3/9
  • ✗Low NOI margin of 15.4%
  • ✗Dividend payout exceeds 100% of earnings

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

PMTU Price & Volume

PennyMac Mortgage Investment Trust (PMTU) stock price & volume — 10-year historical chart

Loading chart...

PMTU Growth Metrics

PennyMac Mortgage Investment Trust (PMTU) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years13.4%
5 Years-6.09%
3 Years-
TTM61.81%

Profit CAGR

10 Years3.56%
5 Years19.55%
3 Years-
TTM7.56%

EPS CAGR

10 Years-1.57%
5 Years29.67%
3 Years-
TTM25.11%

Return on Capital

10 Years4.85%
5 Years2.61%
3 Years4.56%
Last Year0.9%

PMTU Recent Earnings

PennyMac Mortgage Investment Trust (PMTU) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 2/7 qtrs (40%)●Beat Revenue 1/7 qtrs (20%)
Q2 2026Latest
May 5, 2026
EPS
$0.16
Est $0.37
-56.6%
Revenue
$82M
Est $93M
-11.6%
Q1 2026
Jan 29, 2026
EPS
$0.48
Est $0.40
+20.8%
Revenue
$94M
Est $98M
-5.0%
Q4 2025
Oct 21, 2025
EPS
$0.67
Est $0.35
+89.0%
Revenue
$444M
Est $97M
+357.0%
Q3 2025
Jul 22, 2025
EPS
$0.09
Est $0.36
-75.7%
Revenue
$5M
Est $94M
-94.6%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 5, 2026
$0.16vs $0.37-56.6%
$82Mvs $93M-11.6%
Q1 2026Jan 29, 2026
$0.48vs $0.40+20.8%
$94Mvs $98M-5.0%
Q4 2025Oct 21, 2025
$0.67vs $0.35+89.0%
$444Mvs $97M+357.0%
Q3 2025Jul 22, 2025
$0.09vs $0.36-75.7%
$5Mvs $94M-94.6%
Based on last 7 quarters of dataView full earnings history →

PMTU Peer Comparison

PennyMac Mortgage Investment Trust (PMTU) competitors in Real Estate Finance and Mortgage 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
MFA logoMFAMFA Financial, Inc.Direct Competitor997.46M9.775.82213.02%20.7%7.43%6.01
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
TWO logoTWOTwo Harbors Investment Corp.Direct Competitor1.29B12.25-2.81-28.4%-44.82%-19.11%4.79
IVR logoIVRInvesco Mortgage Capital Inc.Direct Competitor576.12M8.025.24-24.6%30.19%13.34%7.05
EARN logoEARNEllington Credit CompanyDirect Competitor182.16M4.8520.21-8.45%-2.76%2.91
EFC logoEFCEllington Financial Inc.Direct Competitor1.35B13.5711.40139.04%34.24%8.4%9.07
PMT logoPMTPennyMac Mortgage Investment TrustProduct Competitor959.79M11.0311.14103.82%13.83%7.06%10.12

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 NLY

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

Peer Set

Compare Top 5

vs MFA, AGNC, NLY, TWO

PMTU Income Statement

PennyMac Mortgage Investment Trust (PMTU) 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'25TTM
Revenue448.93M409.85M953.17M1.41B757.48M-145.66M725.87M504.6M1.03B956.98M
Revenue Growth %44.35%-8.71%132.57%47.75%-46.21%-119.23%598.32%-30.48%103.82%61.81%
Property Operating Expenses139.93M139.61M234.21M333.27M308.74M175.54M122.1M124.11M870.39M483.04M
Net Operating Income (NOI)
309.01M▲ 0%
270.23M▼ 12.5%
718.96M▲ 166.1%
1.08B▲ 49.5%
448.74M▼ 58.3%
-321.2M▼ 171.6%
603.76M▲ 288.0%
380.5M▼ 37.0%
158.07M▼ 58.5%
473.94M▲ 0%
NOI Margin %68.83%65.94%75.43%76.33%59.24%220.51%83.18%75.4%15.37%49.52%
Operating Expenses37.29M39.03M50.56M46.27M54.74M48.63M45.53M49.17M64.25M132.22M
G&A Expenses35.81M37.63M48.95M44.83M52.95M46.58M43.49M47.01M11.89M32.57M
EBITDA129.76M334.68M190.64M1.29B688.32M26.33M1.28B1.03B93.82M341.72M
EBITDA Margin %28.9%81.66%20%91.57%90.87%-18.08%176.24%203.67%9.12%35.71%
Depreciation & Amortization0000000000
D&A / Revenue %0%0%0%0%0%0%0%0%0%0%
Operating Income
271.72M▲ 0%
231.2M▼ 14.9%
668.4M▲ 189.1%
1.03B▲ 53.9%
394M▼ 61.7%
-369.84M▼ 193.9%
558.23M▲ 250.9%
331.33M▼ 40.6%
93.82M▼ 71.7%
341.72M▲ 0%
Operating Margin %60.53%56.41%70.12%73.05%52.01%253.9%76.91%65.66%9.12%35.71%
Interest Expense151.37M175.17M297.45M270.77M304.74M410.42M735.97M714.66M870.39M4M
Interest Coverage0.86x1.91x0.64x4.76x2.26x0.06x1.74x1.44x0.11x-
Non-Operating Income271.72M231.2M668.4M1.03B394M-369.84M558.23M331.33M00
Pretax Income
124.55M▲ 0%
157.99M▲ 26.9%
190.64M▲ 20.7%
79.73M▼ 58.2%
44.66M▼ 44.0%
63.09M▲ 41.3%
244.4M▲ 287.4%
142.65M▼ 41.6%
93.82M▼ 34.2%
127.01M▲ 0%
Pretax Margin %27.74%38.55%20%5.66%5.9%-43.31%33.67%28.27%9.12%13.27%
Income Tax6.8M5.19M35.72M27.36M12.19M136.37M44.74M18.34M-34.05M-15.8M
Effective Tax Rate %5.46%3.29%18.73%34.31%27.3%216.17%18.31%12.85%-36.3%-12.44%
Net Income
117.75M▲ 0%
152.8M▲ 29.8%
226.36M▲ 48.1%
52.37M▼ 76.9%
56.85M▲ 8.6%
-73.29M▼ 228.9%
199.65M▲ 372.4%
160.98M▼ 19.4%
127.87M▼ 20.6%
132.35M▲ 0%
Net Margin %26.23%37.28%23.75%3.72%7.51%50.31%27.51%31.9%12.43%13.83%
Net Income Growth %55.32%29.77%48.14%-76.86%8.56%-228.9%372.43%-19.37%-20.57%7.56%
Funds From Operations (FFO)
199.37M▲ 0%
247.13M▲ 24.0%
610.09M▲ 146.9%
52.37M▼ 91.4%
56.85M▲ 8.6%
-66.54M▼ 217.0%
199.76M▲ 400.2%
160.98M▼ 19.4%
127.87M▼ 20.6%
75.97M▲ 0%
FFO Margin %44.41%60.3%64.01%3.72%7.51%45.68%27.52%31.9%12.43%7.94%
FFO Growth %40.94%23.95%146.87%---400.22%--0%
FFO per Share2.673.566.960.530.58-0.731.791.851.470.87
FFO Payout Ratio %63.27%46.78%23.11%289.42%323.59%-260.82%70.39%86.53%108.99%137.59%
EPS (Diluted)
1.48▲ 0%
2.20▲ 48.6%
2.42▲ 10.0%
0.27▼ 88.8%
0.26▼ 3.7%
-1.26▼ 584.6%
1.63▲ 229.4%
1.37▼ 16.0%
0.99▼ 27.7%
1.52▲ 0%
EPS Growth %37.04%48.65%10%-88.84%-3.7%-584.62%229.37%-15.95%-27.74%25.11%
EPS (Basic)1.532.202.540.270.26-1.261.801.370.99-
Diluted Shares Outstanding74.61M69.36M87.71M99.37M97.4M91.43M111.7M86.81M86.99M87.08M

PMTU Balance Sheet

PennyMac Mortgage Investment Trust (PMTU) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Assets5.6B7.81B11.77B11.52B13.77B13.92B13.11B14.41B21.35B22.5B
Asset Growth %-11.84%39.4%50.66%-2.17%19.59%1.08%-5.8%9.87%48.15%180.39%
Real Estate & Other Assets-863.18M-1.1B3.31B-3.7B-3.06B-4.01B-8.88B-8.03B-3.64B0
PP&E (Net)-3.75B-7.81B0-7.4B000000
Investment Securities1000K1000K1000K1000K001000K1000K00
Total Current Assets96.05M138.77M4703.12B226.98M000271.97M213.96M
Cash & Equivalents77.65M59.84M104.06M2.86B58.98M111.87M281.08M337.69M271.97M213.96M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K0
Other Current Assets14.24M7.18M-197.65M0-15.95M-431.07M-1.89B-1.74B-209.62M0
Intangible Assets844.78M1.16B1.54B1.76B2.89B4.01B3.92B3.87B3.64B0
Total Liabilities4.06B6.25B9.32B9.22B11.41B11.96B11.16B12.47B19.46B20.64B
Total Debt3.93B6.06B9.14B8.94B11.17B11.38B10.47B12.13B19.09B3.08B
Net Debt3.85B6B9.04B-583.6M11.11B11.27B10.19B11.79B18.82B2.87B
Long-Term Debt0529.85M2.16B2.27B4.46B4.77B4.88B5.59B11.08B0
Short-Term Borrowings189.92M08.45B6.67B9.19B9.42B3.51B3.54B8.02B3.08B
Capital Lease Obligations0000000000
Total Current Liabilities27.32M70.69M7.15B1.95B6.91B7.13B6.25B6.9B8.02B3.21B
Accounts Payable71.82M106.7M116.86M135.57M106.75M155.87M387.66M173.35M168.5M0
Deferred Revenue4.06B6.25B00000000
Other Liabilities4.03B-529.85M7.61M21.89M40.25M39.47M26.14M6.89M365.22M17.43B
Total Equity
1.54B▲ 0%
1.57B▲ 1.4%
2.45B▲ 56.5%
2.3B▼ 6.3%
2.37B▲ 3.1%
1.96B▼ 17.1%
1.96B▼ 0.3%
1.94B▼ 0.9%
1.89B▼ 2.6%
1.87B▲ 0%
Equity Growth %14.32%1.4%56.49%-6.29%3.08%-17.09%-0.29%-0.95%-2.64%-11.33%
Shareholders Equity1.54B1.57B2.45B2.3B2.37B1.96B1.96B1.94B1.89B1.87B
Minority Interest0000000000
Common Stock613K610K1M979K949K889K866K869K870K872K
Additional Paid-in Capital1.29B1.29B2.13B2.1B2.08B1.95B1.92B1.93B1.93B0
Retained Earnings-46.67M-19.72M22.32M-100.73M-256.67M-526.82M-508.69M-528.92M-582.83M-603.56M
Preferred Stock299.71M299.71M299.71M299.71M541.48M541.48M541.48M541.48M541.48M0
Return on Assets (ROA)1.97%2.28%2.31%0.45%0.45%-0.53%1.48%1.17%0.72%0.67%
Return on Equity (ROE)8.13%9.82%11.27%2.21%2.44%-3.38%10.19%8.26%6.68%7.06%
Debt / Assets70.16%77.52%77.64%77.61%81.08%81.76%79.86%84.19%89.45%13.69%
Debt / Equity2.55x3.87x3.73x3.89x4.72x5.80x5.35x6.26x10.12x10.12x
Net Debt / EBITDA29.71x17.92x47.40x-0.45x16.14x427.96x7.97x11.47x200.63x200.63x
Book Value per Share20.7022.5827.9423.1124.3121.4717.5222.3321.7021.43

PMTU Cash Flow Statement

PennyMac Mortgage Investment Trust (PMTU) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations223.13M-573.75M-2.99B671.66M-2.82B1.78B1.34B-2.7B-7.21B-7.21B
Operating CF Growth %135.9%-357.14%-420.27%122.5%-519.82%163.29%-24.9%-301.68%-166.87%-1388.26%
Operating CF / Revenue %49.7%-139.99%-313.17%47.69%-372.25%-1225.06%184.63%-535.65%-701.36%-753.75%
Net Income117.75M152.8M226.36M52.37M56.85M-73.29M199.65M160.2M127.87M132.35M
Depreciation & Amortization81.62M94.33M383.73M006.75M110K004.83M
Stock-Based Compensation4.9M5.32M5.53M2.29M2.42M4.31M5.21M-1.85M3.87M2.75M
Other Non-Cash Items112.12M-712.94M-3.31B-3.83M-2.38B1.81B992.61M-2.11B-7.3B-9.05B
Working Capital Changes-11.64M13.62M105.75M620.82M-497.4M41.44M142.59M-753.08M-46.72M-248.45M
Cash from Investing681.68M-1.42B-704.68M-15.37M1.09B-1.87B-21.73M1.36B429.67M1.65B
Acquisitions (Net)79K000-28.82M00000
Purchase of Investments-252.59M-1.87B-1.27B-2.38B-2.3B-3.8B-3.17B0-1.03B-922.45M
Sale of Investments286.26M220.61M1.16B3.18B1.83B1.38B3.11B0756.65M451.72M
Other Investing648.01M227.29M-595.22M-822.28M1.56B551.2M37.81M1.36B702.79M2.13B
Cash from Financing-861.63M1.98B3.73B-702.64M1.73B135.89M-1.15B1.4B6.72B6.25B
Dividends Paid-140.2M-140.54M-165.94M-176.53M-214.12M-215.37M-182.44M-181.12M-181.19M-135.89M
Common Dividends-126.14M-115.6M-141M-151.58M-183.97M-173.55M-140.62M-139.3M-139.37M-104.53M
Debt Issuance (Net)-1000K1000K1000K-1000K1000K1000K1000K1000K1000K3M
Share Repurchases-91.2M-10.72M0-37.27M-56.85M-87.99M-28.49M000
Other Financing285.98M1.57B1.82B-366.3M245.78M-70.07M-1.01B759.45M1.5B1.8B
Net Change in Cash
43.17M▲ 0%
-17.8M▼ 141.2%
44.21M▲ 348.3%
-46.35M▼ 204.8%
1.28M▲ 102.8%
52.88M▲ 4034.7%
169.22M▲ 220.0%
56.61M▼ 66.5%
-65.72M▼ 216.1%
24.03M▲ 0%
Exchange Rate Effect0000000000
Cash at Beginning34.48M77.65M59.84M104.06M57.7M58.98M111.87M281.08M337.69M0
Cash at End77.65M59.84M104.06M57.7M58.98M111.87M281.08M337.69M271.97M0
Free Cash Flow
223.05M▲ 0%
-573.75M▼ 357.2%
-2.99B▼ 420.3%
671.66M▲ 122.5%
-2.79B▼ 515.5%
1.78B▲ 163.9%
1.33B▼ 25.7%
-2.73B▼ 306.1%
-7.21B▼ 164.0%
-9.15B▲ 0%
FCF Growth %135.73%-357.23%-420.27%122.5%-515.53%163.94%-25.72%-306.12%-164.01%-209.32%
FCF / Revenue %49.68%-139.99%-313.17%47.69%-368.44%-1225.06%182.61%-541.44%-701.36%-955.96%

PMTU Key Ratios

PennyMac Mortgage Investment Trust (PMTU) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
FFO per Share2.673.566.960.530.58-0.731.791.851.470.87
FFO Payout Ratio63.27%46.78%23.11%289.42%323.59%-260.82%70.39%86.53%108.99%137.59%
NOI Margin68.83%65.94%75.43%76.33%59.24%220.51%83.18%75.4%15.37%49.52%
Net Debt / EBITDA29.71x17.92x47.40x-0.45x16.14x427.96x7.97x11.47x200.63x200.63x
Debt / Assets70.16%77.52%77.64%77.61%81.08%81.76%79.86%84.19%89.45%13.69%
Interest Coverage0.86x1.91x0.64x4.76x2.26x0.06x1.74x1.44x0.11x-
Book Value / Share20.722.5827.9423.1124.3121.4717.5222.3321.721.43
Revenue Growth44.35%-8.71%132.57%47.75%-46.21%-119.23%598.32%-30.48%103.82%61.81%

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

May 5, 2026·SEC

Material company update

Jan 29, 2026·SEC

Material company update

Dec 22, 2025·SEC

10-K Annual Reports

2
FY 2026

Feb 18, 2026·SEC

FY 2025

Feb 20, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

May 5, 2026·SEC

FY 2025

Oct 29, 2025·SEC

FY 2025

Jul 30, 2025·SEC

PMTU Frequently Asked Questions

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

Growth & Financials

PennyMac Mortgage Investment Trust (PMTU) reported $957.0M in revenue for fiscal year 2025. This represents a 2606% increase from $35.4M in 2010.

PennyMac Mortgage Investment Trust (PMTU) grew revenue by 103.8% over the past year. This is strong growth.

Yes, PennyMac Mortgage Investment Trust (PMTU) is profitable, generating $132.4M in net income for fiscal year 2025 (12.4% net margin).

Dividend & Returns

Yes, PennyMac Mortgage Investment Trust (PMTU) pays a dividend with a yield of 6.28%. This makes it attractive for income-focused investors.

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

Industry Metrics

PennyMac Mortgage Investment Trust (PMTU) generated Funds From Operations (FFO) of $76.0M in the trailing twelve months. FFO is the primary profitability metric for REITs.

PennyMac Mortgage Investment Trust (PMTU) offers a 6.28% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

Explore More PMTU

PennyMac Mortgage Investment Trust (PMTU) 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

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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