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Pennymac Mortgage (PMT) | Financial Analysis & Statements

Pennymac Mortgage Investment Trust | Small-cap | Real Estate

$12.38

4.08%

Pennymac Mortgage vs Annaly Capital Pennymac Mortgage vs Rithm Capital Pennymac Mortgage vs Armour Residential Pennymac Mortgage vs Dynex Capital Pennymac Mortgage vs Ladder Capital Pennymac Mortgage vs S&P 500 | Market

TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 7.1M

Net Income 9.7M 136.68%

EPS (Diluted) $-0.01

Balance Sheet Metrics

Total Assets 14.9B

Total Liabilities 13.0B

Shareholders Equity 1.9B

Debt to Equity 6.82

Cash Flow Metrics

Operating Cash Flow -551.9M

Free Cash Flow -594.3M

Revenue & Profitability Trend

Interactive Financial Charts Not Available

This page uses interactive financial charts and dynamic data visualization tools that require JavaScript. For detailed financial analysis:

Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

Pennymac Mortgage Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue i	183.5M	279.9M	103.1M	81.1M	106.7M
Cost of Goods Sold i	-	-	-	-	-
Gross Profit i	-	-	-	-	-
Gross Margin % i	0.0%	0.0%	0.0%	0.0%	0.0%
Operating Expenses
Research & Development i	-	-	-	-	-
Selling, General & Administrative i	5.6M	7.1M	5.9M	4.0M	3.9M
Other Operating Expenses i	-	-	-	-	-
Total Operating Expenses i	5.6M	7.1M	5.9M	4.0M	3.9M
Operating Income i	-	-	-	-	-
Operating Margin % i	0.0%	0.0%	0.0%	0.0%	0.0%
Non-Operating Items
Interest Income i	-	-	-	-	-
Interest Expense i	-	-	-	-	-
Other Non-Operating Income	-	-	-	-	-
Pre-tax Income i	142.6M	244.4M	63.1M	44.7M	79.7M
Income Tax i	-18.3M	44.7M	136.4M	-12.2M	27.4M
Effective Tax Rate % i	-12.9%	18.3%	216.2%	-27.3%	34.3%
Net Income i	161.0M	199.7M	-73.3M	56.9M	52.4M
Net Margin % i	87.7%	71.3%	-71.1%	70.1%	49.1%
Key Metrics
EBITDA i	-	-	-	-	-
EPS (Basic) i	$1.37	$1.80	$-1.26	$0.26	$0.27
EPS (Diluted) i	$1.37	$1.63	$-1.26	$0.26	$0.27
Basic Shares Outstanding i	86815000	87372000	91434000	97402000	99373000
Diluted Shares Outstanding i	86815000	87372000	91434000	97402000	99373000

Income Statement Trend

Pennymac Mortgage Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets
Cash & Equivalents i	1.4B	1.5B	1.4B	1.8B	2.9B
Short-term Investments i	103.2M	128.3M	252.3M	168.0M	127.3M
Accounts Receivable i	49.5M	51.9M	46.8M	31.9M	-
Inventory i	-	-	-	-	-
Other Current Assets	-	-	-	-	-
Total Current Assets i	-	-	-	-	-
Non-Current Assets
Property, Plant & Equipment i	-	-	-	-	-
Goodwill i	3.9B	3.9B	4.0B	2.9B	1.8B
Intangible Assets i	3.9B	3.9B	4.0B	2.9B	1.8B
Long-term Investments	-	-	-	-	-
Other Non-Current Assets	-	-	-	-	-
Total Non-Current Assets i	-	-	-	-	-
Total Assets i	14.4B	-	-	-	-
Liabilities
Current Liabilities
Accounts Payable i	173.3M	387.7M	182.1M	106.7M	135.6M
Short-term Debt i	-	-	-	-	-
Current Portion of Long-term Debt	-	-	-	-	-
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities i	-	-	-	-	-
Non-Current Liabilities
Long-term Debt i	5.6B	4.8B	4.8B	4.5B	2.3B
Deferred Tax Liabilities i	-	-	-	-	-
Other Non-Current Liabilities	-	-	-	-	-
Total Non-Current Liabilities i	-	-	-	-	-
Total Liabilities i	12.5B	-	-	-	-
Equity
Common Stock i	869.0K	866.0K	889.0K	949.0K	979.0K
Retained Earnings i	-528.9M	-508.7M	-526.8M	-256.7M	-100.7M
Treasury Stock i	-	-	-	-	-
Other Equity	-	-	-	-	-
Total Shareholders Equity i	1.9B	2.0B	2.0B	2.4B	2.3B
Key Metrics
Total Debt i	5.6B	4.8B	4.8B	4.5B	2.3B
Working Capital i	0	0	0	0	0

Balance Sheet Composition

Pennymac Mortgage Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income i	161.0M	199.7M	-73.3M	56.9M	52.4M
Depreciation & Amortization i	-	-	-	-	-
Stock-Based Compensation i	3.5M	5.2M	4.3M	2.4M	2.3M
Working Capital Changes i	-828.8M	111.5M	-104.0M	-353.3M	633.8M
Operating Cash Flow i	-2.8B	1.4B	810.9M	-2.6B	1.5B
Investing Activities
Capital Expenditures i	-	-	-	-	-
Acquisitions i	-	-	-	-	-
Investment Purchases i	-649.2M	-3.2B	-3.8B	-2.3B	-2.4B
Investment Sales i	1.5B	3.1B	1.4B	1.8B	3.2B
Investing Cash Flow i	866.2M	-54.4M	-2.4B	-450.5M	-849.6M
Financing Activities
Share Repurchases i	0	-28.5M	-88.0M	-56.9M	-37.3M
Dividends Paid i	-181.1M	-182.4M	-215.4M	-214.1M	-176.5M
Debt Issuance i	4.7B	3.0B	5.1B	7.2B	6.0B
Debt Repayment i	-4.0B	-2.9B	-4.6B	-5.7B	-6.1B
Financing Cash Flow i	517.5M	-158.4M	191.8M	1.5B	-345.2M
Free Cash Flow i	-2.7B	1.3B	1.8B	-2.8B	671.7M
Net Change in Cash i	-1.5B	1.2B	-1.4B	-1.6B	272.4M

Cash Flow Trend

Pennymac Mortgage Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 16.89

Forward P/E 7.95

Price to Book 0.80

Price to Sales 1.72

PEG Ratio -0.14

Profitability Ratios

Profit Margin 17.10%

Operating Margin 11.70%

Return on Equity 5.53%

Return on Assets 0.73%

Financial Health

Current Ratio 1.07

Debt to Equity 782.72

Beta 1.22

Per Share Data

EPS (TTM) $0.72

Book Value per Share $15.22

Revenue per Share $7.07

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
pmt	1.1B	16.89	0.80	5.53%	17.10%	782.72
Annaly Capital	13.3B	19.94	1.12	6.03%	68.12%	714.05
Rithm Capital	13.2B	-	1.99	10.35%	21.90%	382.45
Armour Residential	1.7B	6.62	0.80	-2.04%	-140.05%	778.16
Dynex Capital	1.6B	14.85	1.04	4.93%	60.69%	534.18
Ladder Capital	1.4B	16.11	0.96	5.78%	36.26%	186.61

Financial data is updated regularly. All figures are in the company's reporting currency.