What is PennyMac Mortgage Investment Trust's earnings per share (EPS)?

PennyMac Mortgage Investment Trust (PMTV) reported diluted earnings per share of $0.99 for fiscal year 2025. This represents a -27.7% 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.

PennyMac Mortgage Investment Trust Financials

PMTV

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows PennyMac Mortgage Investment Trust (PMTV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).

Rhea AI PMTV FY2025 2026-04-22

Positive earnings mask a funding-heavy model as cash outflows and liability-backed balance-sheet growth drive the economics.

Across FY2024-FY2025, reported profit and operating cash moved in opposite directions: operating cash flow worsened from -$2.7B to -$7.2B even though net income stayed positive. At the same time, external financing jumped from $1.4B to $6.7B, showing this is a balance-sheet-driven business where accounting earnings are a weak guide to cash self-funding.

The improved debt-to-equity ratio masks a funding mix shift: long-term debt was only $1.1B in FY2025, yet total liabilities were $19.5B. In other words, leverage did not disappear; it seems to have moved into other obligations, so the headline debt ratio can make the balance sheet look cleaner than the full liability stack.

The business is earning thin returns on a very large asset base; FY2025 assets reached $21.3B but return on assets was only 0.6%, so small changes in funding cost or asset performance can outweigh the revenue line. That also helps explain why shareholder distributions remained demanding: dividends paid of $139M exceeded net income of $128M.

Financial Health Signals

Financial Profile 20/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of PennyMac Mortgage Investment Trust's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

PennyMac Mortgage Investment Trust's revenue declined 8% year-over-year, from $334.2M to $307.5M. This contraction results in a growth score of 8/100.

Leverage

PennyMac Mortgage Investment Trust carries a low D/E ratio of 0.58, meaning only $0.58 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 90/100, indicating a strong balance sheet with room for future borrowing.

Returns

PennyMac Mortgage Investment Trust generates a 4.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 24/100. This is down from 6.2% the prior year.

Piotroski F-Score Weak

2/9

PennyMac Mortgage Investment Trust passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

-83.78x

For every $1 of reported earnings, PennyMac Mortgage Investment Trust generates $-83.78 in operating cash flow (-$7.2B OCF vs $86.1M 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

$307.5M

YoY-8.0%

5Y CAGR-8.1%

10Y CAGR+2.1%

PennyMac Mortgage Investment Trust generated $307.5M in revenue in fiscal year 2025. This represents a decrease of 8.0% from the prior year.

EBITDA

N/A

Net Income

$86.1M

YoY-27.8%

5Y CAGR+10.5%

10Y CAGR-0.5%

PennyMac Mortgage Investment Trust reported $86.1M in net income in fiscal year 2025. This represents a decrease of 27.8% from the prior year.

EPS (Diluted)

$0.99

YoY-27.7%

5Y CAGR+29.7%

10Y CAGR-1.6%

PennyMac Mortgage Investment Trust earned $0.99 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 27.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$272.0M

YoY-19.5%

5Y CAGR+36.4%

10Y CAGR+16.7%

PennyMac Mortgage Investment Trust held $272.0M in cash against $1.1B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.60

YoY+0.0%

10Y CAGR-3.0%

PennyMac Mortgage Investment Trust paid $1.60 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

87M

YoY+0.2%

5Y CAGR-2.3%

10Y CAGR+1.7%

PennyMac Mortgage Investment Trust had 87M shares outstanding in fiscal year 2025. This represents an increase of 0.2% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

28.0%

YoY-7.7pp

5Y CAGR+16.8pp

10Y CAGR-8.2pp

PennyMac Mortgage Investment Trust's net profit margin was 28.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 7.7 percentage points from the prior year.

Return on Equity

4.6%

YoY-1.6pp

5Y CAGR+2.3pp

10Y CAGR-1.5pp

PennyMac Mortgage Investment Trust's ROE was 4.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

PennyMac Mortgage Investment Trust spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

N/A

PMTV Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$307.5M-8.0%	$334.2M-22.1%	$429.0M+41.2%	$303.8M-27.7%	$420.3M-10.5%	$469.4M
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	$11.9M+111.9%	$5.6M-21.1%	$7.1M+19.6%	$5.9M+48.5%	$4.0M+2.8%	$3.9M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$870.4M+21.8%	$714.7M-2.9%	$736.0M+79.3%	$410.4M+34.7%	$304.7M+12.5%	$270.8M
Income Tax	-$34.1M-85.7%	-$18.3M-141.0%	$44.7M-67.2%	$136.4M+1218.5%	-$12.2M-144.6%	$27.4M
Net Income	$86.1M-27.8%	$119.2M-24.5%	$157.8M+237.1%	-$115.1M-544.4%	$25.9M-50.5%	$52.4M
EPS (Diluted)	$0.99-27.7%	$1.37-16.0%	$1.63+229.4%	$-1.26-584.6%	$0.26-3.7%	$0.27

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$82.1M-12.2%	$93.6M-5.7%	$99.2M+41.4%	$70.2M+57.9%	$44.5M-58.8%	$107.9M+33.5%	$80.9M+13.6%	$71.2M
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	$3.0M-8.8%	$3.3M+15.8%	$2.8M-0.7%	$2.8M-4.5%	$3.0M+197.9%	$997K-24.8%	$1.3M-3.1%	$1.4M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$279.8M+9.8%	$254.7M+11.5%	$228.4M+11.3%	$205.1M+12.6%	$182.1M-2.7%	$187.1M+1.6%	$184.2M+7.2%	$171.8M
Income Tax	$2.3M+114.0%	-$16.2M-43.8%	-$11.3M-219.3%	$9.5M+159.3%	-$16.0M-286.0%	$8.6M+157.7%	-$14.9M-568.4%	$3.2M
Net Income	$24.6M+132.4%	$10.6M-81.8%	$58.3M+673.8%	$7.5M-22.2%	$9.7M+103.7%	$4.8M-88.5%	$41.4M+62.8%	$25.4M
EPS (Diluted)	$0.16	N/A	$0.55+1475.0%	$-0.04-300.0%	$-0.01	N/A	$0.36+111.8%	$0.17

PMTV Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$21.3B+48.2%	$14.4B+9.9%	$13.1B-5.8%	$13.9B+1.1%	$13.8B+19.8%	$11.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$272.0M-19.5%	$337.7M+20.1%	$281.1M+151.3%	$111.9M+89.7%	$59.0M+2.2%	$57.7M
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	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$19.5B+56.0%	$12.5B+11.8%	$11.2B-6.7%	$12.0B+4.9%	$11.4B+24.0%	$9.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.1B+8.6%	$1.0B-80.4%	$5.1B+1.5%	$5.1B+13.0%	$4.5B	N/A
Total Equity	$1.9B-2.6%	$1.9B-0.9%	$2.0B-0.3%	$2.0B-17.1%	$2.4B+3.1%	$2.3B
Retained Earnings	-$582.8M-10.2%	-$528.9M-4.0%	-$508.7M+3.4%	-$526.8M-105.3%	-$256.7M-154.8%	-$100.7M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$22.5B+5.4%	$21.3B+15.2%	$18.5B+10.3%	$16.8B+12.9%	$14.9B+3.2%	$14.4B+10.4%	$13.1B+8.1%	$12.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$214.0M-21.3%	$272.0M+3.2%	$263.5M-27.4%	$362.9M+46.4%	$247.9M-26.6%	$337.7M-1.9%	$344.4M+163.4%	$130.7M
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$20.6B+6.0%	$19.5B+16.9%	$16.6B+11.5%	$14.9B+15.1%	$13.0B+4.0%	$12.5B+12.2%	$11.1B+9.6%	$10.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.5B+36.8%	$1.1B+266.0%	$299.0M-75.3%	$1.2B+25.0%	$968.4M-3.9%	$1.0B-80.7%	$5.2B-2.4%	$5.4B
Total Equity	$1.9B-1.1%	$1.9B+0.4%	$1.9B+0.7%	$1.9B-1.9%	$1.9B-1.8%	$1.9B+0.1%	$1.9B-0.2%	$1.9B
Retained Earnings	-$603.6M-3.6%	-$582.8M+1.1%	-$589.6M+2.1%	-$602.4M-6.7%	-$564.5M-6.7%	-$528.9M+0.2%	-$530.2M-0.7%	-$526.3M

PMTV Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$7.2B-166.9%	-$2.7B-301.7%	$1.3B-24.9%	$1.8B+163.3%	-$2.8B-519.8%	$671.7M
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	$429.7M-68.4%	$1.4B+6361.6%	-$21.7M+98.8%	-$1.9B-270.9%	$1.1B+7212.7%	-$15.4M
Financing Cash Flow	$6.7B+380.2%	$1.4B+221.7%	-$1.1B-945.7%	$135.9M-92.1%	$1.7B+345.9%	-$702.6M
Dividends Paid	$139.4M0.0%	$139.3M-0.9%	$140.6M-19.0%	$173.5M-5.7%	$184.0M+21.4%	$151.6M
Share Buybacks	$0	$0-100.0%	$28.5M-67.6%	$88.0M+54.8%	$56.9M+52.6%	$37.3M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$2.5B+23.5%	-$3.3B-154.8%	-$1.3B+35.6%	-$2.0B-239.2%	-$594.3M+63.3%	-$1.6B-64.7%	-$983.8M-503.5%	$243.8M
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	$1.3B+129.0%	$552.7M+226.7%	-$436.2M-259.8%	$272.9M+578.4%	$40.2M-85.7%	$282.0M-10.4%	$314.9M+4404.4%	-$7.3M
Financing Cash Flow	$1.2B-56.3%	$2.8B+69.0%	$1.6B-12.0%	$1.9B+300.1%	$464.3M-65.1%	$1.3B+50.9%	$882.6M+479.9%	-$232.3M
Dividends Paid	$34.8M0.0%	$34.8M0.0%	$34.8M0.0%	$34.8M0.0%	$34.8M0.0%	$34.9M0.0%	$34.9M0.0%	$34.8M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	$0	$0	$0

PMTV 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	28.0%-7.7pp	35.7%-1.1pp	36.8%+74.7pp	-37.9%-44.0pp	6.2%-5.0pp	11.2%
Return on Equity	4.6%-1.6pp	6.2%-1.9pp	8.1%+13.9pp	-5.9%-7.0pp	1.1%-1.2pp	2.3%
Return on Assets	0.4%-0.4pp	0.8%-0.4pp	1.2%+2.0pp	-0.8%-1.0pp	0.2%-0.3pp	0.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.58+0.1	0.52-2.1	2.63+0.0	2.58+0.7	1.90-2.1	4.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
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	30.0%+18.7pp	11.3%-47.4pp	58.8%+48.0pp	10.7%-11.0pp	21.8%+17.4pp	4.4%-46.8pp	51.2%+15.5pp	35.7%
Return on Equity	1.3%+0.8pp	0.6%-2.5pp	3.1%+2.7pp	0.4%-0.1pp	0.5%+0.3pp	0.3%-1.9pp	2.1%+0.8pp	1.3%
Return on Assets	0.1%+0.1pp	0.1%-0.3pp	0.3%+0.3pp	0.0%-0.0pp	0.1%+0.0pp	0.0%-0.3pp	0.3%+0.1pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.80+0.2	0.58+0.4	0.16-0.5	0.65+0.1	0.51-0.0	0.52-2.2	2.70-0.1	2.76
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is PennyMac Mortgage Investment Trust's annual revenue?

PennyMac Mortgage Investment Trust (PMTV) reported $307.5M in total revenue for fiscal year 2025. This represents a -8.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is PennyMac Mortgage Investment Trust's revenue growing?

PennyMac Mortgage Investment Trust (PMTV) revenue declined by 8% year-over-year, from $334.2M to $307.5M in fiscal year 2025.

Is PennyMac Mortgage Investment Trust profitable?

Yes, PennyMac Mortgage Investment Trust (PMTV) reported a net income of $86.1M in fiscal year 2025, with a net profit margin of 28.0%.

How much debt does PennyMac Mortgage Investment Trust have?

As of fiscal year 2025, PennyMac Mortgage Investment Trust (PMTV) had $272.0M in cash and equivalents against $1.1B in long-term debt.

What is PennyMac Mortgage Investment Trust's net profit margin?

PennyMac Mortgage Investment Trust (PMTV) had a net profit margin of 28.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does PennyMac Mortgage Investment Trust pay dividends?

Yes, PennyMac Mortgage Investment Trust (PMTV) paid $1.60 per share in dividends during fiscal year 2025.

What is PennyMac Mortgage Investment Trust's return on equity (ROE)?

PennyMac Mortgage Investment Trust (PMTV) has a return on equity of 4.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is PennyMac Mortgage Investment Trust's operating cash flow?

PennyMac Mortgage Investment Trust (PMTV) generated -$7.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are PennyMac Mortgage Investment Trust's total assets?

PennyMac Mortgage Investment Trust (PMTV) had $21.3B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does PennyMac Mortgage Investment Trust have outstanding?

PennyMac Mortgage Investment Trust (PMTV) had 87M shares outstanding as of fiscal year 2025.

What is PennyMac Mortgage Investment Trust's debt-to-equity ratio?

PennyMac Mortgage Investment Trust (PMTV) had a debt-to-equity ratio of 0.58 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is PennyMac Mortgage Investment Trust's return on assets (ROA)?

PennyMac Mortgage Investment Trust (PMTV) had a return on assets of 0.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is PennyMac Mortgage Investment Trust's cash runway?

Based on fiscal year 2025 data, PennyMac Mortgage Investment Trust (PMTV) had $272.0M in cash against an annual operating cash burn of $7.2B. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is PennyMac Mortgage Investment Trust's Piotroski F-Score?

PennyMac Mortgage Investment Trust (PMTV) has a Piotroski F-Score of 2 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are PennyMac Mortgage Investment Trust's earnings high quality?

PennyMac Mortgage Investment Trust (PMTV) has an earnings quality ratio of -83.78x, 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.

How financially healthy is PennyMac Mortgage Investment Trust?

PennyMac Mortgage Investment Trust (PMTV) scores 20 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.