Redwood Trust (RWT) Net Margin (2013 - 2024)
Redwood Trust (RWT) posted quarterly Net Margin of 20.43% for Q2 2024, up 1785.0% year-over-year from 1.08% in Q3 2023, and down 46.59% quarter-over-quarter from 38.25% in Q1 2024.
Redwood Trust (RWT) Net Margin (2013 - 2024) Analysis & Trends
Redwood Trust (RWT) has reported Net Margin for 12 consecutive years, with 20.43% the latest figure, recorded in Q2 2024.
- In Q2 2024, Net Margin rose 1785.0% year-over-year to 20.43%; the TTM figure through Jun 2024 stood at 3.49% (up 6306.0% YoY), while the FY2023 annual figure was 5.41%, down 226866.0% from the prior year.
- Net Margin retreated to 20.43% in Q2 2024 per RWT's latest filing, from 38.25% in the prior quarter.
- Across five years, Net Margin topped out at 2291.41% in Q3 2022 and bottomed at 302.69% in Q3 2023.
- Historically, Net Margin has averaged 151.17% across 5 years, with a median of 50.81% in 2020.
- Annual changes were most pronounced in 2022 — Net Margin soared 222848 bps — and 2023, when it slumped 259410 bps.
- Redwood Trust's Net Margin stood at 58.59% in 2020, then plunged by 39 bps to 35.94% in 2021, then plunged by 295 bps to 70.23% in 2022, then soared by 104 bps to 2.84% in 2023, then surged by 620 bps to 20.43% in 2024.
- Business Quant data shows RWT's Net Margin at 20.43% in Q2 2024, 38.25% in Q1 2024, and 2.84% in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net 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 | - | 2.92% |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 1.57% |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | - |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 39.93% |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | - |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | 34.76% |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 142.94% |
| 10 | Redwood Trust | 590.95 Mn | 399.10 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 20.43% |
| Mar 31, 2024 | 38.25% |
| Dec 31, 2023 | 2.84% |
| Sep 30, 2023 | -302.69% |
| Jun 30, 2023 | 2.58% |
| Mar 31, 2023 | 6.73% |
| Dec 31, 2022 | -70.23% |
| Sep 30, 2022 | 2,291.41% |
| Jun 30, 2022 | 141.81% |
| Mar 31, 2022 | 43.02% |
| Dec 31, 2021 | 35.94% |
| Sep 30, 2021 | 62.93% |
| Jun 30, 2021 | 62.07% |
| Mar 31, 2021 | 60.78% |
| Dec 31, 2020 | 58.59% |
| Sep 30, 2020 | 75.23% |
| Jun 30, 2020 | 82.45% |
| Mar 31, 2020 | 108.97% |
| Dec 31, 2019 | 47.65% |
| Sep 30, 2019 | 54.00% |