PennyMac Mortgage Investment Trust (PMT) Gross Margin (2012 - 2024)
PennyMac Mortgage Investment Trust (PMT) posted Gross Margin of 113.1% for Q4 2024, up 35.66% on a QoQ basis from 83.37% in Q3 2024, and down 543.0% year-over-year from 25.53% in Q1 2024.
Analysis
PennyMac Mortgage Investment Trust (PMT) Gross Margin (2012 - 2024) Analysis & Trends
PennyMac Mortgage Investment Trust has reported Gross Margin for 13 years, with the latest figure at 113.1% in Q4 2024.
- On a quarterly basis, Gross Margin fell 543.0% year-over-year to 113.1% in Q4 2024; TTM through Dec 2024 was 132.07%, a 2390.0% increase from a year earlier, with the FY2025 full-year figure at 95.8%, up 192.0% from the prior year.
- Gross Margin was 113.1% for Q4 2024 at PennyMac Mortgage Investment Trust, up from 83.37% in the prior quarter.
- The five-year high for Gross Margin was 152.73% in Q4 2022, with the low at 41.97% in Q2 2022.
- Average Gross Margin over 5 years is 90.46%, with a median of 89.81% recorded in 2021.
- The largest YoY upside for Gross Margin was 9127 bps in 2022 against a maximum downside of 4008 bps in 2022.
- Over 5 years, Gross Margin stood at 88.31% in 2020, then slumped by 30 bps to 61.46% in 2021, then surged by 149 bps to 152.73% in 2022, then fell by 22 bps to 118.53% in 2023, then retreated by 5 bps to 113.1% in 2024.
- The last three Gross Margin figures came in at 113.1% (Q4 2024), 83.37% (Q3 2024), and 118.53% (Q4 2023), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | - |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | - |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | - |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | - |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | - |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | - |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | - |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | - |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | - |
| 10 | PennyMac Mortgage Investment Trust | 840.19 Mn | 419.34 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2024 | 113.10% |
| Sep 30, 2024 | 83.37% |
| Dec 31, 2023 | 118.53% |
| Sep 30, 2023 | 92.63% |
| Dec 31, 2022 | 152.73% |
| Sep 30, 2022 | 90.53% |
| Jun 30, 2022 | 41.97% |
| Mar 31, 2022 | 78.22% |
| Dec 31, 2021 | 61.46% |
| Sep 30, 2021 | 67.89% |
| Jun 30, 2021 | 82.05% |
| Mar 31, 2021 | 89.08% |
| Dec 31, 2020 | 88.31% |
| Sep 30, 2020 | 92.44% |
| Jun 30, 2020 | 97.56% |
| Mar 31, 2020 | 97.55% |
| Dec 31, 2019 | 91.32% |
| Sep 30, 2019 | 88.98% |
| Jun 30, 2019 | 86.47% |
| Mar 31, 2019 | 89.35% |