What is AGNC Investment's earnings per share (EPS)?

AGNC Investment (AGNCL) reported diluted earnings per share of $1.47 for fiscal year 2025. This represents a 58.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

AGNC Investment Financials

AGNCL

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows AGNC Investment (AGNCL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

3/9

AGNC Investment passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Low Quality

0.39x

For every $1 of reported earnings, AGNC Investment generates $0.39 in operating cash flow ($653.0M OCF vs $1.7B net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

$1.7B

YoY+93.5%

10Y CAGR+2.9%

AGNC Investment reported $1.7B in net income in fiscal year 2025. This represents an increase of 93.5% from the prior year.

EPS (Diluted)

$1.47

YoY+58.1%

AGNC Investment earned $1.47 per diluted share (EPS) in fiscal year 2025. This represents an increase of 58.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$450.0M

YoY-10.9%

5Y CAGR-15.0%

10Y CAGR-14.5%

AGNC Investment held $450.0M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.44

YoY+0.0%

5Y CAGR-1.6%

10Y CAGR-9.1%

AGNC Investment paid $1.44 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

1.11B

YoY+23.1%

5Y CAGR+15.6%

10Y CAGR+12.0%

AGNC Investment had 1.11B shares outstanding in fiscal year 2025. This represents an increase of 23.1% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

13.5%

YoY+4.6pp

5Y CAGR+15.9pp

10Y CAGR-1.0pp

AGNC Investment's ROE was 13.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 4.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

AGNCL Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$40.0M+11.1%	$36.0M+5.9%	$34.0M+3.0%	$33.0M-2.9%	$34.0M-8.1%	$37.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$2.8B-2.8%	$2.9B+28.2%	$2.3B+265.9%	$625.0M+733.3%	$75.0M-88.9%	$674.0M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$1.7B+93.5%	$863.0M+456.8%	$155.0M+113.0%	-$1.2B-258.9%	$749.0M+381.6%	-$266.0M
EPS (Diluted)	$1.47+58.1%	$0.93+1760.0%	$0.05+102.1%	$-2.41-297.5%	$1.22+284.8%	$-0.66

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$10.0M0.0%	$10.0M+11.1%	$9.0M	N/A	$9.0M0.0%	$9.0M+12.5%	$8.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	$755.0M+13.0%	$668.0M-2.8%	$687.0M	N/A	$820.0M+17.5%	$698.0M+3.9%	$672.0M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	$806.0M+675.7%	-$140.0M-380.0%	$50.0M	N/A	$346.0M+820.8%	-$48.0M-110.8%	$443.0M
EPS (Diluted)	N/A	$0.72+523.5%	$-0.17-950.0%	$0.02	N/A	$0.39+454.5%	$-0.11-118.6%	$0.59

AGNCL Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$115.1B+30.7%	$88.0B+22.9%	$71.6B+38.4%	$51.7B-24.1%	$68.1B-16.7%	$81.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$450.0M-10.9%	$505.0M-2.5%	$518.0M-49.1%	$1.0B+2.0%	$998.0M-1.9%	$1.0B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$526.0M0.0%	$526.0M0.0%	$526.0M0.0%	$526.0M0.0%	$526.0M0.0%	$526.0M
Total Liabilities	$102.7B+31.2%	$78.3B+23.5%	$63.3B+44.4%	$43.9B-24.2%	$57.9B-18.2%	$70.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$12.4B+27.0%	$9.8B+18.2%	$8.3B+4.9%	$7.9B-23.5%	$10.3B-7.1%	$11.1B
Retained Earnings	-$8.5B+0.4%	-$8.6B-5.0%	-$8.1B-11.9%	-$7.3B-39.7%	-$5.2B-2.1%	-$5.1B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$115.1B+5.6%	$109.0B+6.8%	$102.0B+6.4%	$95.9B+8.9%	$88.0B-1.8%	$89.6B+12.4%	$79.7B+10.9%	$71.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$450.0M0.0%	$450.0M-31.4%	$656.0M+44.2%	$455.0M-9.9%	$505.0M-0.4%	$507.0M-4.3%	$530.0M+5.0%	$505.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$526.0M	N/A	N/A	N/A	$526.0M	N/A	N/A	N/A
Total Liabilities	$102.7B+5.3%	$97.5B+6.4%	$91.7B+6.8%	$85.8B+9.7%	$78.3B-2.1%	$79.9B+12.5%	$71.0B+12.2%	$63.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$12.4B+8.3%	$11.4B+10.6%	$10.3B+3.0%	$10.0B+2.9%	$9.8B+1.1%	$9.7B+11.6%	$8.7B+0.9%	$8.6B
Retained Earnings	-$8.5B+5.7%	-$9.0B+4.1%	-$9.4B-6.2%	-$8.9B-3.7%	-$8.6B-2.8%	-$8.3B+0.2%	-$8.3B-4.4%	-$8.0B

AGNCL Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$653.0M+659.3%	$86.0M+172.9%	-$118.0M-111.6%	$1.0B-34.2%	$1.5B-11.8%	$1.7B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$25.9B-131.6%	-$11.2B+23.9%	-$14.7B-231.1%	$11.2B+191.7%	$3.8B-89.5%	$36.5B
Financing Cash Flow	$25.2B+127.2%	$11.1B-22.1%	$14.2B+224.9%	-$11.4B-84.5%	-$6.2B+83.4%	-$37.2B
Dividends Paid	$1.6B+29.0%	$1.2B+23.5%	$1.0B+15.7%	$869.0M+1.0%	$860.0M-11.3%	$970.0M
Share Buybacks	N/A	$0	$0-100.0%	$51.0M-81.9%	$281.0M-25.7%	$378.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$128.0M-16.3%	$153.0M-15.0%	$180.0M-6.3%	$192.0M+143.0%	$79.0M+1028.6%	$7.0M+135.0%	-$20.0M-200.0%	$20.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$11.4B-112.8%	-$5.3B-55.0%	-$3.4B+39.9%	-$5.7B-216.3%	$4.9B+151.2%	-$9.6B-36.2%	-$7.1B-1313.2%	$582.0M
Financing Cash Flow	$11.1B+111.7%	$5.2B+52.8%	$3.4B-37.7%	$5.5B+209.2%	-$5.0B-152.9%	$9.5B+33.4%	$7.1B+1522.8%	-$500.0M
Dividends Paid	$428.0M+2.9%	$416.0M+5.6%	$394.0M+8.5%	$363.0M+4.3%	$348.0M+9.4%	$318.0M+8.5%	$293.0M+3.9%	$282.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

AGNCL Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	13.5%+4.6pp	8.8%+7.0pp	1.9%+17.0pp	-15.1%-22.4pp	7.3%+9.7pp	-2.4%
Return on Assets	1.5%+0.5pp	1.0%+0.8pp	0.2%+2.5pp	-2.3%-3.4pp	1.1%+1.4pp	-0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	8.29+0.3	8.02+0.3	7.67+2.1	5.58-0.0	5.62-0.8	6.38
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	7.0%+8.4pp	-1.4%-1.8pp	0.5%	N/A	3.6%+4.1pp	-0.5%-5.7pp	5.2%
Return on Assets	N/A	0.7%+0.9pp	-0.1%-0.2pp	0.1%	N/A	0.4%+0.4pp	-0.1%-0.7pp	0.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	8.29-0.2	8.52-0.3	8.86+0.3	8.55+0.5	8.02-0.3	8.28+0.1	8.21+0.8	7.38
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

Is AGNC Investment profitable?

Yes, AGNC Investment (AGNCL) reported a net income of $1.7B in fiscal year 2025.

Does AGNC Investment pay dividends?

Yes, AGNC Investment (AGNCL) paid $1.44 per share in dividends during fiscal year 2025.

What is AGNC Investment's return on equity (ROE)?

AGNC Investment (AGNCL) has a return on equity of 13.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is AGNC Investment's operating cash flow?

AGNC Investment (AGNCL) generated $653.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are AGNC Investment's total assets?

AGNC Investment (AGNCL) had $115.1B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does AGNC Investment have outstanding?

AGNC Investment (AGNCL) had 1.11B shares outstanding as of fiscal year 2025.

What is AGNC Investment's debt-to-equity ratio?

AGNC Investment (AGNCL) had a debt-to-equity ratio of 8.29 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is AGNC Investment's return on assets (ROA)?

AGNC Investment (AGNCL) had a return on assets of 1.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is AGNC Investment's Piotroski F-Score?

AGNC Investment (AGNCL) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are AGNC Investment's earnings high quality?

AGNC Investment (AGNCL) has an earnings quality ratio of 0.39x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.