PennyMac Mortgage Investment Trust (PMT) Operating Margin (2010 - 2026)
PennyMac Mortgage Investment Trust's (PMT) quarterly Operating Margin came in at 8.73% in Q1 2026, up 7177.0% year-on-year from 0.12% in Q1 2025, and down 90.67% quarter-over-quarter from 93.62% in Q4 2025.
PennyMac Mortgage Investment Trust (PMT) Operating Margin (2010 - 2026) Analysis & Trends
PennyMac Mortgage Investment Trust's Operating Margin history runs 17 years deep, the most recent figure standing at 8.73% for Q1 2026.
- On a quarterly basis, Operating Margin rose 7177.0% year-over-year to 8.73% in Q1 2026; TTM through Mar 2026 was 33.79%, a 20.0% increase from a year earlier, with the FY2025 full-year figure at 26.32%, down 1026.0% from the prior year.
- Operating Margin fell to 8.73% in Q1 2026 per PMT's latest filing, from 93.62% in the prior quarter.
- Across five years, Operating Margin topped out at 93.62% in Q4 2025 and bottomed at 280.01% in Q2 2022.
- The 5-year median for Operating Margin is 40.09% (2024), against an average of 17.62%.
- Across the five-year window, Operating Margin slumped 27341 bps in 2022 and jumped 33178 bps in 2023, its largest moves.
- Year by year, Operating Margin stood at 73.76% in 2022, then decreased by 10 bps to 66.1% in 2023, then surged by 37 bps to 90.3% in 2024, then grew by 4 bps to 93.62% in 2025, then slumped by 91 bps to 8.73% in 2026.
- Per Business Quant, the three latest PMT Operating Margin figures stand at 8.73% (Q1 2026), 93.62% (Q4 2025), and 26.19% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.41 Bn | 14.50 Bn | - | - |
| 2 | AGNC Investment | 11.93 Bn | 11.43 Bn | - | - |
| 3 | Starwood Property Trust | 6.07 Bn | 5.70 Bn | - | - |
| 4 | Rithm Capital | 5.15 Bn | 5.15 Bn | - | - |
| 5 | Blackstone Mortgage Trust | 2.82 Bn | 2.27 Bn | - | - |
| 6 | Dynex Capital | 2.54 Bn | 2.02 Bn | - | - |
| 7 | Armour Residential REIT | 2.10 Bn | 2.02 Bn | - | - |
| 8 | Ellington Financial | 1.65 Bn | 1.49 Bn | - | - |
| 9 | Orchid Island Capital | 1.31 Bn | 626.48 Mn | 61.82 Mn | 88.22% |
| 10 | PennyMac Mortgage Investment Trust | 843.39 Mn | 441.74 Mn | 62.41 Mn | 8.73% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.73% |
| Dec 31, 2025 | 93.62% |
| Sep 30, 2025 | 26.19% |
| Jun 30, 2025 | -5.88% |
| Mar 31, 2025 | -63.03% |
| Dec 31, 2024 | 90.30% |
| Sep 30, 2024 | 5.31% |
| Jun 30, 2024 | 40.09% |
| Mar 31, 2024 | 16.33% |
| Dec 31, 2023 | 66.10% |
| Sep 30, 2023 | 65.09% |
| Jun 30, 2023 | 51.76% |
| Mar 31, 2023 | 42.80% |
| Dec 31, 2022 | 73.76% |
| Sep 30, 2022 | 46.67% |
| Jun 30, 2022 | -280.01% |
| Mar 31, 2022 | 21.74% |
| Dec 31, 2021 | 75.40% |
| Sep 30, 2021 | -117.07% |
| Jun 30, 2021 | -6.60% |