PennyMac Mortgage Investment Trust (PMT) Gross Margin (2010 - 2026)
PennyMac Mortgage Investment Trust's (PMT) quarterly Gross Margin came in at 75.99% in Q1 2026, up 2485.0% year-on-year from 2.94% in Q1 2025, and down 50.98% quarter-over-quarter from 155.02% in Q4 2025.
PennyMac Mortgage Investment Trust (PMT) Gross Margin (2010 - 2026) Analysis & Trends
PennyMac Mortgage Investment Trust's Gross Margin history runs 17 years deep, the most recent figure standing at 75.99% for Q1 2026.
- On a quarterly basis, Gross Margin rose 2485.0% year-over-year to 75.99% in Q1 2026; TTM through Mar 2026 was 96.99%, a 245.0% decrease from a year earlier, with the FY2025 full-year figure at 95.8%, up 192.0% from the prior year.
- Gross Margin declined to 75.99% in Q1 2026 per PMT's latest filing, from 155.02% in the prior quarter.
- Across five years, Gross Margin topped out at 184.86% in Q4 2022 and bottomed at 5.42% in Q2 2022.
- The 5-year median for Gross Margin is 92.63% (2023), against an average of 94.29%.
- Across the five-year window, Gross Margin slumped 7663 bps in 2022 and jumped 9455 bps in 2023, its largest moves.
- Year by year, Gross Margin stood at 184.86% in 2022, then plunged by 36 bps to 118.53% in 2023, then advanced by 17 bps to 139.23% in 2024, then advanced by 11 bps to 155.02% in 2025, then sank by 51 bps to 75.99% in 2026.
- Per Business Quant, the three latest PMT Gross Margin figures stand at 75.99% (Q1 2026), 155.02% (Q4 2025), and 78.83% (Q3 2025).
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.30 Bn | 14.44 Bn | - | - |
| 2 | AGNC Investment | 11.85 Bn | 11.36 Bn | - | - |
| 3 | Starwood Property Trust | 5.99 Bn | 5.94 Bn | - | - |
| 4 | Rithm Capital | 5.01 Bn | 5.01 Bn | - | - |
| 5 | Blackstone Mortgage Trust | 2.78 Bn | 2.24 Bn | - | - |
| 6 | Ellington Financial | 1.63 Bn | 1.51 Bn | - | - |
| 7 | Dynex Capital | 1.56 Bn | 1.05 Bn | - | - |
| 8 | Armour Residential REIT | 1.42 Bn | 1.34 Bn | - | - |
| 9 | Two Harbors Investment | 1.27 Bn | 987.19 Mn | - | - |
| 10 | PennyMac Mortgage Investment Trust | 834.25 Mn | 432.60 Mn | 62.41 Mn | 75.99% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 75.99% |
| Dec 31, 2025 | 155.02% |
| Sep 30, 2025 | 78.83% |
| Jun 30, 2025 | 69.90% |
| Mar 31, 2025 | 51.13% |
| Dec 31, 2024 | 139.23% |
| Sep 30, 2024 | 72.50% |
| Jun 30, 2024 | 99.91% |
| Mar 31, 2024 | 72.69% |
| Dec 31, 2023 | 118.53% |
| Sep 30, 2023 | 92.63% |
| Jun 30, 2023 | 99.97% |
| Mar 31, 2023 | 99.87% |
| Dec 31, 2022 | 184.86% |
| Sep 30, 2022 | 86.84% |
| Jun 30, 2022 | 5.42% |
| Mar 31, 2022 | 99.68% |
| Dec 31, 2021 | 214.82% |
| Sep 30, 2021 | 67.89% |
| Jun 30, 2021 | 82.05% |