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PMT stock logo

PMT

PennyMac Mortgage Investment Trust

$11.96
0.18
 (1.53%)
Exchange:  NYSE
Market Cap:  1.041B
Shares Outstanding:  16.775M
Overview
Earnings
Financials
Valuation
Chart

About The Company

Sector:  Real Estate
Industry:  REIT – Mortgage
   
CEO:  David A. Spector
Full Time Employees:  7
Address: 
3043 Townsgate Road
Westlake Village
CA
91361
US
Website:  https://www.pennymacmortgageinvestmenttrust.com
PennyMac Mortgage Investment Trust, a specialty finance company, primarily invests in mortgage-related assets in the United States. The company’s Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, distressed loans, real estate, and non-agency subordinated bonds. Its Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, excess servicing spreads, and agency and senior non-agency mortgage-backed securities (MBS), as well as related interest rate hedging activities. The company’s Correspondent Production segment is involved in purchasing, pooling, and reselling newly originated prime credit residential loans directly or in the form of MBS. PNMAC Capital Management, LLC acts as the manager of PennyMac Mortgage Investment Trust. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its shareholders. PennyMac Mortgage Investment Trust was founded in 2009 and is headquartered in Westlake Village, California.

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Revenue Segmentation

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EPS

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Earnings Call

Full text

Earnings transcript

Read the complete earnings call transcript.

AI summary

Key takeaways

Short, structured highlights from the call so you can focus on what matters.

2026/01/29 — 4 quarter 2025

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Income Statement
Balance Sheet
Cash Flow Statement
Analyst Estimates

Income Statement

Year202320242025
Revenue725,867504,6031,744,979
Gross Profit603,764380,4951,598,531
EBITDA1,279,2341,027,715.999964,276
Operating Income558,229331,3271,377,921
Net Income199,654160,984127,872

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(* All numbers are in thousands)

Balance Sheet

Year202320242025
Total Assets13,113,88714,408,70621,346,882
Total Liabilities11,156,79712,470,20619,459,551
Total Stockholders Equity1,957,0901,938,5001,887,331
Total Debt4,847,79412,130,12919,094,332
Cash and Cash Equivalents281,085337,694271,970

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(* All numbers are in thousands)

Cash Flow Statement

Year202320242025
Operating Cash Flow1,340,173-2,734,330142,288
Capital Expenditure-14,63200
Free Cash Flow1,325,541-2,732,146142,288
Net Income199,654160,196127,872
Net Change in Cash169,21956,609-37

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(* All numbers are in thousands)

Analyst Estimates

Fiscal Year2028Full AccessFull AccessFull AccessFull Access
Estimated Revenue (Low)417,422.520Full AccessFull AccessFull AccessFull Access
Estimated Revenue (High)417,422.521Full AccessFull AccessFull AccessFull Access
Estimated Revenue (Avg)417,422.521Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (Low)273,871.039Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (High)273,871.040Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (Avg)273,871.040Full AccessFull AccessFull AccessFull Access
Estimated Net Income (Low)133,590.082Full AccessFull AccessFull AccessFull Access
Estimated Net Income (High)141,790.441Full AccessFull AccessFull AccessFull Access
Estimated Net Income (Avg)133,634.549Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (Low)-4,379.784Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (High)-4,379.784Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (Avg)-4,379.784Full AccessFull AccessFull AccessFull Access
Estimated EPS (Avg)1.580Full AccessFull AccessFull AccessFull Access
Estimated EPS (High)1.630Full AccessFull AccessFull AccessFull Access
Estimated EPS (Low)1.540Full AccessFull AccessFull AccessFull Access
Number of Analysts (Estimated Revenue)1Full AccessFull AccessFull AccessFull Access
Number of Analysts (Estimated EPS)2Full AccessFull AccessFull AccessFull Access

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(* All numbers are in thousands)

Current Key Metrics

?Revenue
 (TTM)
: 
1.356B  ?P/S
 (TTM)
: 
0.84
?Net Income
 (TTM)
: 
160.567M  ?P/E
 (TTM)
: 
8.23
?Enterprise Value
 (TTM)
: 
19.874B  ?EV/FCF
 (TTM)
: 
-2.76
?Dividend Yield
 (TTM)
: 
0.13  ?Payout Ratio
 (TTM)
: 
1.42
?ROE
 (TTM)
: 
0.07  ?ROIC
 (TTM)
: 
3.38
?Net Debt
 (TTM)
: 
11.648B  ?Debt/Equity
 (TTM)
: 
10.12
?P/B
 (TTM)
: 
0.56  ?Current Ratio
 (TTM)
: 
0.03

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Forward P/E Ratios

?

Forward P/E (Avg EPS estimate) — log in with Full Access for high/low estimates and the interactive table.

Forward P/E 1YFull AccessFull AccessFull AccessFull Access
7.67Full AccessFull AccessFull AccessFull Access

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SWOT Analysis

Strengths (preview)
  • Strong Revenue Performance: PMT has demonstrated robust revenue figures as per the latest income statements, reflecting a solid top-line growth trajectory. This performance aligns with positive industry trends within the sector, as indicated by the industry performance metrics.
  • Healthy Free Cash Flow: The cash flow statements highlight a strong free cash flow yield (freeCashFlowYieldTTM), indicating PMT's ability to generate cash after capital expenditures. This provides financial flexibility for reinvestment or dividend payments.
  • Competitive Valuation Metrics: PMT's price-to-earnings ratio (priceToEarningsRatioTTM) and forward P/E estimates suggest the stock is reasonably valued compared to the industry average (industry_avg_priceToEarningsRatioTTM), potentially appealing to value-focused investors.

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At what price to buy it? -
Intrinsic Value Calculator

This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.


Calculate PMT Intrinsic Value

Common questions about PMT valuation

Is PennyMac Mortgage Investment Trust (PMT) overvalued or undervalued right now?

MARKETSnap estimates intrinsic value for PennyMac Mortgage Investment Trust (PMT) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.

Is PMT a buy, hold, or sell for long-term investors?

MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether PMT trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.

What is PMT’s P/E ratio?

You can see PMT’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.

How is intrinsic value calculated for PMT?

MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.

Is PMT a good long-term investment?

Whether PMT fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.

PMT

1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.

Daily snapshot

1.53
MARKETSnap

Trading Metrics:

Open: 11.69   Previous Close: 11.78
Day Low: 11.57   Day High: 11.99
Year Low: 11.15   Year High: 14.18
Price Avg 50: 12.12   Price Avg 200: 12.39
Volume: 942675   Average Volume: 1.195M

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PMT full analysis

05/09/2025

Welcome to MARKETSNAP’s SWOT analysis for PennyMac Mortgage Investment Trust, or PMT as you might know it on the ticker. If you’re a long-term investor looking to build wealth, you’re in the right place. Today, we’re diving deep into what makes PennyMac tick, breaking down its strengths, weaknesses, opportunities, and threats, while keeping an eye on both short-term trends and long-term potential. Let’s get started with a quick overview of who they are and what’s been happening with this company…

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See in Nexus

Relevant news

Will PennyMac Mortgage (PMT) Beat Estimates Again in Its Next Earnings Report?
10-04-2026 13:10
Will PennyMac Mortgage (PMT) Beat Estimates Again in Its Next Earnings Report?
PennyMac Mortgage Investment Trust (PMT) Q4 2025 Earnings Call Transcript
29-01-2026 20:42
PennyMac Mortgage Investment Trust (PMT) Q4 2025 Earnings Call Transcript
PennyMac Mortgage (PMT) Q4 Earnings Beat Estimates
29-01-2026 19:26
PennyMac Mortgage (PMT) Q4 Earnings Beat Estimates
PennyMac Mortgage Investment Trust Reports Fourth Quarter and Full-Year 2025 Results
29-01-2026 16:16
PennyMac Mortgage Investment Trust Reports Fourth Quarter and Full-Year 2025 Results
PennyMac Mortgage Investment Trust: 8.7% Preferred Yield From Stable mREIT
26-01-2026 09:00
PennyMac Mortgage Investment Trust: 8.7% Preferred Yield From Stable mREIT
PennyMac Mortgage Investment Trust (PMT) Projected to Post Quarterly Earnings on Thursday
22-01-2026 01:26
PennyMac Mortgage Investment Trust (PMT) Projected to Post Quarterly Earnings on Thursday

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