PennyMac Mortgage Investment Trust (PMT) stock price, financials & research

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GoAI snapshot

AI-powered factor overview

Jul 1, 2026

62/100

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

85

Deep Value

Momentum

47

Neutral

Sentiment

53

Mixed

Risk resilience

65

Moderate Risk

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Company profile

Company website

PennyMac Mortgage Investment Trust (PMT) functions as a specialized financial firm, concentrating its investments primarily on mortgage-related assets within the United States. The company operates through several key divisions: Its Credit Sensitive Strategies segment channels capital into various instruments, including credit risk transfer (CRT) agreements and securities, distressed loans, real estate holdings, and non-agency subordinated bonds. The Interest Rate Sensitive Strategies segment focuses on investments such as mortgage servicing rights, excess servicing spreads, and both agency and senior non-agency mortgage-backed securities (MBS), while also undertaking related interest rate hedging activities. Through its Correspondent Production segment, PMT engages in the acquisition, pooling, and subsequent resale of newly originated prime credit residential loans, either directly or packaged as MBS. The trust is externally managed by PNMAC Capital Management, LLC. For federal income tax purposes, PennyMac Mortgage Investment Trust qualifies as a real estate investment trust (REIT). This status generally allows it to avoid federal corporate income taxes, provided it distributes at least 90% of its taxable income to its shareholders. PMT was founded in 2009 and has its headquarters situated in Westlake Village, California.

Industry: REIT - Mortgage
Sector: Real Estate
Headquarters: US
CEO: David A. Spector
Listed since: Jul 30, 2009
Employees: 7

Market position

Day range

Current $9.35

$9.2316$9.42

52-week range

Current $9.35

$9.05$13.81

Open: $9.38
Previous close: $9.39
Volume: 1.71M; 1.28× average
Average volume: 1.34M; Average daily volume
Market cap: 815.34M USD
Beta: 1.12; Market reference 1
50-day average: $9.9532; -6.06% below average
200-day average: $11.5145; -18.80% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value: 19.91B USD
P/E (TTM): 6.49×
P/B (TTM): 0.44×
P/S (TTM): 0.5×
EV / EBITDA: 212.26×
Earnings yield: 11.71%
Free cash flow yield: -660.73%
Dividend yield: 17.11%

Profitability & efficiency

Gross margin: 79.81%
Operating margin: 67.79%
Net margin: 10.11%
Return on equity: 6.78%
Return on assets: 0.60%
Return on invested capital: 506.64%

Financial health

Debt / equity: 12.37×
Current ratio: 0.03×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

1.74B USD+245.81%

Operating income

1.38B USD+315.88%

Net income

127.87M USD-20.57%

Metric (USD)	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	1.74B USD	504.6M USD	725.87M USD	−145.66M USD	757.48M USD
Cost of goods sold	146.45M USD	124.11M USD	122.1M USD	175.54M USD	308.74M USD
Gross profit	1.6B USD	380.5M USD	603.76M USD	−321.2M USD	448.74M USD
Research and development	2.07M USD	2.16M USD	2.05M USD	2.06M USD	1.79M USD
Selling, general, and administrative	77.31M USD	47.01M USD	43.49M USD	46.58M USD	52.95M USD
Operating expenses	220.61M USD	49.17M USD	45.53M USD	48.63M USD	54.74M USD
Interest income	850.91M USD	635.26M USD	490.42M USD	325.83M USD	181.87M USD
Interest expense	870.39M USD	714.66M USD	735.97M USD	410.42M USD	304.74M USD
Depreciation and amortization	—	—	110K USD	6.75M USD	—
Operating income	1.38B USD	331.33M USD	558.23M USD	−369.84M USD	394M USD
Net income	127.87M USD	160.98M USD	199.65M USD	−73.29M USD	56.85M USD