PMT
PennyMac Mortgage Investment Trust
NYSE: PMT · REAL ESTATE · REIT - MORTGAGE
$11.03
-9.07% today
Updated 2026-05-06
Market cap
$1.08B
P/E ratio
12.45
P/S ratio
1.49x
EPS (TTM)
$0.99
Dividend yield
13.10%
52W range
$11 – $13
Volume
1.1M
PennyMac Mortgage Investment Trust (PMT) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $35.36M | $90.74M | $328.46M | $424.66M | $408.13M | $292.43M | $311.01M | $448.93M | $409.85M | $953.17M | $108.63M | $82.84M | $-145.66M | $725.87M | $504.60M | $1.74B |
| Revenue growth (YoY) | — | — | +156.6% | +262.0% | +29.3% | -3.9% | -28.4% | +6.4% | +44.3% | -8.7% | +132.6% | -88.6% | -23.7% | -275.8% | +598.3% | -30.5% | +245.8% |
| Cost of revenue | — | $2.58M | $4.43M | $81.51M | $120.99M | $110.77M | $120.12M | $157.62M | $139.93M | $139.61M | $234.21M | $228.60M | $190.07M | $175.54M | $122.10M | $124.11M | $146.45M |
| Gross profit | — | $32.78M | $86.31M | $246.95M | $303.68M | $297.36M | $172.30M | $153.38M | $309.01M | $270.23M | $718.96M | $-119.97M | $-107.23M | $-321.20M | $603.76M | $380.50M | $1.60B |
| Gross margin | — | 92.7% | 95.1% | 75.2% | 71.5% | 72.9% | 58.9% | 49.3% | 68.8% | 65.9% | 75.4% | -110.4% | -129.4% | 220.5% | 83.2% | 75.4% | 91.6% |
| R&D | — | — | $0.00 | $701000.00 | $826000.00 | $984000.00 | $1.28M | $1.45M | $1.48M | $1.41M | $1.62M | $1.44M | $1.79M | $2.06M | $2.05M | $2.16M | $2.07M |
| SG&A | — | $3.40M | $5.16M | $18.49M | $40.78M | $43.41M | $31.50M | $27.48M | $29.49M | $30.84M | $42.05M | $3.89M | $4.00M | $40.63M | $36.38M | $41.40M | $65.42M |
| Operating income | — | $27.03M | $72.50M | $194.37M | $254.15M | $244.64M | $132.16M | $117.46M | $271.72M | $231.20M | $668.40M | $79.73M | $44.66M | $-369.84M | $558.23M | $331.33M | $1.38B |
| Operating margin | — | 76.4% | 79.9% | 59.2% | 59.8% | 59.9% | 45.2% | 37.8% | 60.5% | 56.4% | 70.1% | 73.4% | 53.9% | 253.9% | 76.9% | 65.7% | 79.0% |
| EBITDA | — | $27.03M | $72.50M | $-75.92M | $209.66M | $184.60M | $76.35M | $64.48M | $129.76M | $334.68M | $190.64M | $79.73M | $44.66M | $26.33M | $1.28B | $1.03B | $964.28M |
| EBITDA margin | — | 76.4% | 79.9% | -23.1% | 49.4% | 45.2% | 26.1% | 20.7% | 28.9% | 81.7% | 20.0% | 73.4% | 53.9% | -18.1% | 176.2% | 203.7% | 55.3% |
| EBIT | — | $26.20M | $55.55M | $118.44M | $-91.61M | $-56.53M | $-65.00M | $211.51M | $275.86M | $-122.86M | $-782.82M | $79.73M | $44.66M | $129.80M | $558.23M | — | — |
| Interest expense | $0.00 | $826000.00 | $16.95M | $31.64M | $65.22M | $85.59M | $124.71M | $149.77M | $151.37M | $175.17M | $297.45M | $270.77M | $304.74M | $410.42M | $735.97M | $714.66M | $870.39M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | — | $24.48M | $64.44M | $138.25M | $200.19M | $194.54M | $90.10M | $75.81M | $117.75M | $152.80M | $226.36M | $52.37M | $56.85M | $-73.29M | $199.65M | $160.98M | $127.87M |
| Net income growth (YoY) | — | — | +163.2% | +114.5% | +44.8% | -2.8% | -53.7% | -15.9% | +55.3% | +29.8% | +48.1% | -76.9% | +8.6% | -228.9% | +372.4% | -19.4% | -20.6% |
| Profit margin | — | 69.2% | 71.0% | 42.1% | 47.1% | 47.7% | 30.8% | 24.4% | 26.2% | 37.3% | 23.7% | 48.2% | 68.6% | 50.3% | 27.5% | 31.9% | 7.3% |