PennyMac Mortgage Investment Trust (PMTU) Revenue History
Annual and quarterly revenue from 2010 to present
PMTU Revenue Over Time (2010–2025)
PMTU 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)
PMTU's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
PMTU Revenue Analysis (2010–2025)
Current Revenue & Growth
As of June 29, 2026, PennyMac Mortgage Investment Trust (PMTU) 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
PMTU'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
PMTU'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), AGNC (+19.5% YoY), and NLY (+8.0% YoY) — PMTU has underperformed the peer group in revenue growth. Compare PMTU vs MFA →
PMTU Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PMTUCurrent | $957M | -98.2% | -6.1% | 9.1% | |
 MFA | $875M | +137.8% | - | 78.8% | |
 AGNC | $1.9B | +19.5% | +41.2% | 236.3% | |
 NLY | $6.7B | +8.0% | +35.2% | 102.6% | |
 TWO | $606M | -0.2% | - | 68.7% | |
 IVR | $340M | -25.8% | - | 29.8% |
PMTU 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.
PMTU — Frequently Asked Questions
Quick answers to the most common questions about buying PMTU stock.
Is PMTU's revenue growth accelerating or slowing?
PMTU 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 PMTU's revenue history from 2010 to 2026?
PennyMac Mortgage Investment Trust (PMTU) 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 PMTU'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 PMTU.
Why does PMTU's quarterly revenue fluctuate?
PMTU 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 PMTU's revenue distributed by segment?
PMTU 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 PMTU's revenue compare to industry peers?
PennyMac Mortgage Investment Trust (PMTU) 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.