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
DateValue
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%