Last 47 quarters of trend data · Real Estate · REIT - Industrial
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
PennyMac Mortgage Investment Trust's quarterly P/E stands at 11.5x, down 36.1% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has expanded 44.6% YoY to 11.6x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 18.72 | 11.51 | — | — | 15.45 | 18.00 | 37.24 | 16.19 | 14.35 | 11.99 | — | — | — |
| — | -36.1% | — | — | +7.7% | +50.1% | — | — | — | — | — | — | — | |
| P/S Ratio | 4.41 | 1.13 | 3.79 | 2.93 | 37.50 | 2.12 | 4.52 | 6.84 | 2.21 | 271.40 | — | — | — |
| — | -46.9% | -16.0% | -57.2% | +1597.3% | -99.2% | — | — | — | — | — | — | — | |
| P/B Ratio | 1.15 | 1.17 | 1.18 | 1.16 | 1.13 | 1.16 | 1.13 | 1.43 | 1.43 | 1.39 | — | — | — |
| — | +0.9% | +4.2% | -18.6% | -20.8% | -16.6% | — | — | — | — | — | — | — | |
| P/FCF | — | — | — | — | — | — | 2.25 | — | 1.31 | 10.67 | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 13.64 | 11.62 | 13.83 | 11.43 | 23.48 | 8.04 | 11.77 | 13.58 | 7.06 | 23.39 | — | — | — |
| — | +44.6% | +17.5% | -15.8% | +232.6% | -65.6% | — | — | — | — | — | — | — | |
| EV / EBIT | 42.31 | 11.62 | 13.83 | 11.43 | 23.48 | 8.04 | 11.77 | 13.58 | 7.06 | 23.39 | — | — | — |
| — | +44.6% | +17.5% | -15.8% | +232.6% | -65.6% | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
PennyMac Mortgage Investment Trust's operating margin was 80.0% in Q3 2025, up 14.7 pp QoQ and down 1.3 pp YoY. The trailing four-quarter average of -1.8% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 8.3% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.4% | 92.6% | 78.2% | 83.7% | -115.8% | 85.5% | 77.9% | 73.6% | 91.1% | -1052.8% | 83.9% | 84.1% | 63.1% |
| — | +8.3% | +0.3% | +13.8% | -227.1% | +108.1% | -7.1% | -12.5% | +44.2% | -2351.0% | -40.5% | -30.4% | -18.7% | |
| Operating Margin | 65.7% | 80.0% | 65.4% | 74.7% | -227.2% | 81.3% | 68.6% | 63.0% | 86.7% | -1503.0% | 78.2% | 79.6% | 50.8% |
| — | -1.6% | -4.7% | +18.7% | -362.0% | +105.4% | -12.2% | -20.8% | +70.7% | -4640.3% | -48.1% | -37.3% | -27.0% | |
| Net Margin | 31.9% | 11.9% | 5.2% | 5.1% | 317.4% | 15.6% | 20.9% | 46.5% | 16.7% | 2453.9% | 13.8% | 26.6% | 4.5% |
| — | -23.6% | -75.2% | -89.0% | +1802.4% | -99.4% | +51.4% | +74.5% | +273.6% | +17221.7% | -78.1% | +209.0% | +158.5% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.3% | 3.1% | 0.4% | 0.5% | 2.4% | 2.1% | 1.3% | 2.4% | 2.7% | 3.2% | 1.3% | 3.1% | 0.2% |
| — | +45.7% | -69.3% | -79.3% | -11.4% | -32.5% | +3.4% | -21.2% | +1056.3% | +443.2% | +138.3% | +470.2% | +133.6% | |
| ROA | 1.2% | 0.3% | 0.0% | 0.1% | 0.3% | 0.3% | 0.2% | 0.4% | 0.4% | 0.5% | 0.2% | 0.4% | 0.0% |
| — | +0.2% | -77.2% | -82.4% | -15.7% | -28.6% | +21.8% | -9.6% | +1099.4% | +426.5% | +131.0% | +383.6% | +127.4% | |
| ROIC | 1.9% | 1.7% | 0.5% | 0.8% | -0.2% | 1.4% | 0.5% | 0.4% | 1.7% | -0.2% | 0.8% | 1.0% | 0.3% |
| — | +27.8% | -12.9% | +86.7% | -111.4% | +703.5% | -29.6% | -58.4% | +456.5% | -236.8% | +172.6% | +158.2% | -65.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
PennyMac Mortgage Investment Trust's Debt/EBITDA ratio is 41.5x, down from 49.1x last quarter — elevated, raising questions about debt serviceability. Debt/Equity has risen for 6 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 6.26 | 8.66 | 7.83 | 6.67 | 6.26 | 5.58 | 5.03 | 5.07 | 5.35 | 5.51 | 5.70 | 6.52 | 5.80 |
| — | +55.2% | +55.7% | +31.5% | +16.9% | +1.2% | -11.9% | -22.3% | -7.7% | -0.9% | +11.8% | +48.1% | +22.9% | |
| Debt / EBITDA | 11.80 | 41.54 | 49.12 | 39.59 | 81.42 | 27.32 | 38.84 | 42.80 | 22.76 | 76.01 | 34.19 | 36.17 | 55.12 |
| — | +52.0% | +26.5% | -7.5% | +257.8% | -64.1% | +13.6% | +18.3% | -58.7% | -6.9% | — | — | +11.8% | |
| Current Ratio | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Quick Ratio | — | — | — | — | — | — | — | 0.01 | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Interest Coverage | 0.46 | 1.72 | 0.46 | 0.78 | -0.18 | 1.17 | 0.49 | 0.38 | 1.48 | -0.20 | 0.74 | 1.01 | 0.34 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Start ComparisonPennyMac Mortgage Investment Trust's current P/E is 18.7x. The average P/E over the last 2 quarters is 13.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
PennyMac Mortgage Investment Trust's current operating margin is 65.7%. 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 PennyMac Mortgage Investment Trust's business trajectory between earnings reports.