Reportable was PennyMac Mortgage Investment Trust’s largest revenue line in fiscal 2024, bringing in $865.73M of $919.77M (94%).
| Consolidated Entities | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Reportable | $2.08B | $4.58B | $865.73M |
| Variable Interest Entities | — | $77.30M | — |
| Corporate | $12.17M | $50.51M | $54.04M |
| Total | $2.10B | $4.71B | $919.77M |
PennyMac Mortgage Investment Trust brought in $919.77M from its two revenue lines in fiscal 2024, the year ended December 31, 2024. PennyMac Mortgage Investment Trust regrouped these revenue lines after fiscal 2023, so the total does not compare directly with that year's $4.71B. Reportable was the largest at $865.73M (94.1%), ahead of Corporate at $54.04M (5.9%).
Compared with fiscal 2023, Corporate grew 7.0% to $54.04M, while Reportable fell 81.1% to $865.73M. From fiscal 2022 to 2024, combined revenue from these revenue lines fell from $2.10B to $919.77M, a compound annual decline of 33.8%. Reportable's share of the total fell from 99.4% to 94.1%.
PennyMac Mortgage Investment Trust stopped reporting Variable Interest Entities as a separate revenue line after fiscal 2023, when it brought in $77.30M.
Credit Sensitive Strategies was PennyMac Mortgage Investment Trust’s largest segment in fiscal 2023, bringing in $1.63B of $2.95B (55%).
| Segment | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Investment Activities | — | — | — | — | ||||||||
| Correspondent Production | $4.18B | $2.09B | $777.55M | $393.67M | ||||||||
| Interest Rate Sensitive Strategies | $1.22B | -$1.43B | $2.08B | $930.59M | ||||||||
| Credit Sensitive Strategies | -$2.14B | $2.26B | -$747.40M | $1.63B | ||||||||
| Corporate | $20.38M | $20.41M | — | — | ||||||||
| Total | $3.29B | $2.94B | $2.11B | $2.95B |
PennyMac Mortgage Investment Trust brought in $2.95B from its three segments in fiscal 2023, the year ended December 31, 2023. That was up 39.7% from $2.11B in fiscal 2022. Credit Sensitive Strategies was the largest at $1.63B (55.1%), ahead of Interest Rate Sensitive Strategies at $930.59M (31.5%) and Correspondent Production at $393.67M (13.3%).
Compared with fiscal 2022, Correspondent Production fell 49.4% to $393.67M and Interest Rate Sensitive Strategies fell 55.3% to $930.59M.
PennyMac Mortgage Investment Trust stopped reporting Corporate as a separate segment after fiscal 2021, when it brought in $20.41M.
PennyMac Mortgage Investment Trust (PMT) reports its revenue by consolidated entities and by segment. In fiscal 2024, Reportable was its largest revenue line, bringing in $865.73M (94.1% of the total), followed by Corporate at $54.04M (5.9%).
Reportable was PennyMac Mortgage Investment Trust's largest revenue line in fiscal 2024, bringing in $865.73M, or 94.1% of the $919.77M total across its two revenue lines.
Credit Sensitive Strategies was PennyMac Mortgage Investment Trust's largest segment in fiscal 2023, bringing in $1.63B, or 55.1% of the $2.95B total across its three segments.
Every figure comes from PennyMac Mortgage Investment Trust's annual financial filings, as reported. Each line keeps the name PennyMac Mortgage Investment Trust gives it, and years follow its fiscal calendar.
PennyMac Mortgage Investment Trust's revenue by consolidated entities goes back to fiscal 2022, with figures through fiscal 2024. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.