Redwood Trust (RWT) EBT Margin (2013 - 2024)
Redwood Trust (RWT) posted quarterly EBT Margin of 30.33% for Q2 2024, up 2353.0% year-over-year from 1.24% in Q3 2023, and down 26.55% quarter-over-quarter from 41.29% in Q1 2024.
Redwood Trust (RWT) EBT Margin (2013 - 2024) Analysis & Trends
Redwood Trust (RWT) has reported EBT Margin for 12 consecutive years, with 30.33% the latest figure, recorded in Q2 2024.
- In Q2 2024, EBT Margin rose 2353.0% year-over-year to 30.33%; the TTM figure through Jun 2024 stood at 5.31% (up 6878.0% YoY), while the FY2023 annual figure was 0.39%, down 253935.0% from the prior year.
- EBT Margin declined to 30.33% in Q2 2024 per RWT's latest filing, from 41.29% in the prior quarter.
- Across five years, EBT Margin topped out at 2227.0% in Q3 2022 and bottomed at 270.65% in Q3 2023.
- Historically, EBT Margin has averaged 151.71% across 5 years, with a median of 50.57% in 2024.
- Annual changes were most pronounced in 2022 — EBT Margin surged 216715 bps — and 2023, when it tumbled 249765 bps.
- Redwood Trust's EBT Margin stood at 67.63% in 2020, then plunged by 41 bps to 39.67% in 2021, then plunged by 315 bps to 85.27% in 2022, then surged by 104 bps to 3.24% in 2023, then surged by 835 bps to 30.33% in 2024.
- Business Quant data shows RWT's EBT Margin at 30.33% in Q2 2024, 41.29% in Q1 2024, and 3.24% in Q4 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | - |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | - |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 4.13% |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 6.78% |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | - |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 38.70% |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | - |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | 38.26% |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | -78.79% |
| 10 | Redwood Trust | 590.95 Mn | 399.10 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 30.33% |
| Mar 31, 2024 | 41.29% |
| Dec 31, 2023 | 3.24% |
| Sep 30, 2023 | -270.65% |
| Jun 30, 2023 | 6.80% |
| Mar 31, 2023 | 7.36% |
| Dec 31, 2022 | -85.27% |
| Sep 30, 2022 | 2,227.00% |
| Jun 30, 2022 | 155.20% |
| Mar 31, 2022 | 39.60% |
| Dec 31, 2021 | 39.67% |
| Sep 30, 2021 | 59.85% |
| Jun 30, 2021 | 66.68% |
| Mar 31, 2021 | 68.00% |
| Dec 31, 2020 | 67.63% |
| Sep 30, 2020 | 80.07% |
| Jun 30, 2020 | 82.47% |
| Mar 31, 2020 | 111.54% |
| Dec 31, 2019 | 51.96% |
| Sep 30, 2019 | 53.82% |