PennyMac Mortgage Investment Trust (PMT) Net Margin (2010 - 2026)
PennyMac Mortgage Investment Trust's (PMT) quarterly Net Margin came in at 17.24% in Q1 2026, up 1898.0% year-on-year from 0.86% in Q1 2025, and down 61.87% quarter-over-quarter from 45.22% in Q4 2025.
PennyMac Mortgage Investment Trust (PMT) Net Margin (2010 - 2026) Analysis & Trends
PennyMac Mortgage Investment Trust's Net Margin history runs 17 years deep, the most recent figure standing at 17.24% for Q1 2026.
- On a quarterly basis, Net Margin rose 1898.0% year-over-year to 17.24% in Q1 2026; TTM through Mar 2026 was 29.33%, a 268.0% increase from a year earlier, with the FY2025 full-year figure at 27.99%, down 767.0% from the prior year.
- Net Margin eased to 17.24% in Q1 2026 per PMT's latest filing, from 45.22% in the prior quarter.
- Across five years, Net Margin topped out at 55.6% in Q1 2023 and bottomed at 377.62% in Q2 2022.
- The 5-year median for Net Margin is 21.04% (2024), against an average of 1.46%.
- Across the five-year window, Net Margin plunged 40383 bps in 2022 and soared 39329 bps in 2023, its largest moves.
- Year by year, Net Margin stood at 11.73% in 2022, then surged by 527 bps to 50.08% in 2023, then slumped by 33 bps to 33.43% in 2024, then surged by 35 bps to 45.22% in 2025, then tumbled by 62 bps to 17.24% in 2026.
- Per Business Quant, the three latest PMT Net Margin figures stand at 17.24% (Q1 2026), 45.22% (Q4 2025), and 48.21% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net 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 | - | 11.21% |
| 4 | Rithm Capital | 5.01 Bn | 5.01 Bn | - | 4.91% |
| 5 | Blackstone Mortgage Trust | 2.78 Bn | 2.24 Bn | - | 5.45% |
| 6 | Ellington Financial | 1.63 Bn | 1.51 Bn | - | 51.82% |
| 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 | 17.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 17.24% |
| Dec 31, 2025 | 45.22% |
| Sep 30, 2025 | 48.21% |
| Jun 30, 2025 | -4.42% |
| Mar 31, 2025 | -1.74% |
| Dec 31, 2024 | 33.43% |
| Sep 30, 2024 | 38.15% |
| Jun 30, 2024 | 21.04% |
| Mar 31, 2024 | 50.07% |
| Dec 31, 2023 | 50.08% |
| Sep 30, 2023 | 31.19% |
| Jun 30, 2023 | 15.67% |
| Mar 31, 2023 | 55.60% |
| Dec 31, 2022 | -11.73% |
| Sep 30, 2022 | 0.97% |
| Jun 30, 2022 | -377.62% |
| Mar 31, 2022 | -36.15% |
| Dec 31, 2021 | -55.25% |
| Sep 30, 2021 | -91.79% |
| Jun 30, 2021 | 26.21% |