Pennymac Mortgage Investment Trust's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Pennymac Mortgage Investment Trust (PMT) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Pennymac Mortgage Investment Trust vs Its Competitors
- TTM: Trailing 12-month revenue of 1,315M vs 19,275M combined for tracked competitors (6.4% combined share).
- Scale: Pennymac Mortgage Investment Trust ranks #112 of 189 companies by market capitalization in the Real Estate Investment Trusts industry, holding 0.0% of industry market cap.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
Pennymac Mortgage Investment Trust vs. its Competitors, Q2 2026
Net income growth, year on year
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Pennymac Mortgage Investment Trust and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Pennymac Mortgage Investment Trust | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (16) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (9) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Pennymac Mortgage Investment Trust's competitor groups requires a Commercial License.
Pennymac Mortgage Investment Trust's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Pennymac Mortgage Investment Trust | - | - | - | Yes |
| Competitors combined (16) | ||||
| High-Confidence Competitors (19) | ||||
| Similar-Size Competitors (10) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
PMT Stock Performance relative to its Competitors
PMT Stock Performance relative to High-Confidence Competitors
PMT Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Two Harbors Investment Corp | 282.9% | Outperformed |
| 2 | Adamas Trust Inc | 282.9% | Outperformed |
| 3 | Cherry Hill Mortgage Investment Corporation | 282.9% | Outperformed |
| 4 | Cim Real Estate Finance Trust Inc | 282.9% | Outperformed |
| 5 | Mfa Financial inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Pennymac Mortgage Investment Trust's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Pennymac Mortgage Investment Trust's Comment on Competition and Industry Peers
Publicly Traded Peers of Pennymac Mortgage Investment Trust
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Pennymac Mortgage Investment Trust | 711.50 | 1,314.78 |
| Annaly Capital Management Inc | 15,008.70 | 7,228.06 |
| Agnc Investment Corp | 10,940.23 | 4,497.00 |
| Bxp Inc | 10,037.47 | 3,525.68 |
| Mfa Financial inc | 2,652.82 | 651.38 |
| Dynex Capital Inc | 2,532.31 | 623.87 |
| SUBTOTAL | 47,284.82 | 21,303.19 |
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Sources: Pennymac Mortgage Investment Trust's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Pennymac Mortgage Investment Trust versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Pennymac Mortgage Investment Trust's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Western Alliance Bancorporation | Named by the company | 85% |
| Annaly Capital Management Inc. | Named by the company | 85% |
| Freedom Mortgage | Named by the company | 85% |
| Mr. Cooper | Named by the company | 85% |
| Redwood Trust, Inc. | Named by the company | 85% |
| US Bank | Named by the company | 85% |
| AGNC Investments Corp. | Named by the company | 85% |
| Chimera Investment Corporation | Named by the company | 85% |
| Ladder Capital Corp. | Named by the company | 85% |
| Ocwen Financial | Named by the company | 85% |
| Truist Financial | Named by the company | 85% |
| Western Alliance Bank | Named by the company | 85% |
| Neuroone Medical Technologies Corp | Named by the company | 85% |
| Arbor Realty Trust, Inc. | Named by the company | 85% |
| Invesco Mortgage Capital Inc. | Named by the company | 85% |
| New Residential Investment Corp. | Named by the company | 85% |
| Rithm Capital Corp. | Named by the company | 85% |
| Wells Fargo | Named by the company | 85% |
| AmeriHome Mortgage | Named by the company | 85% |
| Ellington Financial, Inc. | Named by the company | 85% |
| MFA Financial, Inc. | Named by the company | 85% |
| Onity Group Inc. | Named by the company | 85% |
| Two Harbors Investment Corp. | Named by the company | 85% |
| Adamas Trust, Inc. | Named by the company | 85% |
| ARMOUR Residential REIT, Inc. | Named by the company | 85% |
| JP Morgan Chase | Named by the company | 85% |
| New York Mortgage Trust | Named by the company | 85% |
| Rocket Mortgage | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Pennymac Mortgage Investment Trust's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Pennymac Mortgage Investment Trust's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Cim Real Estate Finance Trust Inc | Asset Management 94.30 % |
| Bimini Capital Management Inc | Bimini Advisors Asset Management 70.26 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Pennymac Mortgage Investment Trust's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Pennymac Mortgage Investment Trust | 712 | - | - |
| Annaly Capital Management Inc | 15,009 | 37,843,225 | 15,598,440 |
| Agnc Investment Corp | 10,940 | 83,277,778 | 41,962,963 |
| Bxp Inc | 10,037 | 4,268,383 | 500,507 |
| Mfa Financial inc | 2,653 | 2,121,756 | 585,964 |
| Dynex Capital Inc | 2,532 | 22,280,929 | 15,482,857 |
| PEERS TOTAL | 46,573 | 6,682,851 | 2,207,327 |
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Pennymac Mortgage Investment Trust's Position in Industry Market Structure
Market-capitalization share and concentration across all 182 companies in Pennymac Mortgage Investment Trust's industry classification, broader than the peer set above. Market cap in millions of $.Pennymac Mortgage Investment Trust ranks #112 of 182 companies by market capitalization in its industry, holding 0.05 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 417, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Welltower Inc | 169,817 | 11.86 % |
| 2 | Prologis Inc | 126,843 | 8.86 % |
| 3 | Equinix Inc | 101,124 | 7.07 % |
| 4 | American Tower Corporation | 78,291 | 5.47 % |
| 5 | Simon Property Group inc | 1,234 | 5.2% |
| 6 | Digital Realty Trust Inc | 1,234 | 5.2% |
| 7 | Realty Income Corporation | 1,234 | 5.2% |
| 8 | Public Storage | 1,234 | 5.2% |
| 9 | Ventas inc | 1,234 | 5.2% |
| 10 | Iron Mountain Inc | 1,234 | 5.2% |
| 112 | Pennymac Mortgage Investment Trust | 712 | 0.05 % |
Market cap and industry share for the rest of Pennymac Mortgage Investment Trust's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-29.
Pennymac Mortgage Investment Trust's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 107 | Service Properties Trust | 837 | 137.64 % |
| 108 | Apollo Commercial Real Estate Finance Inc | 821 | -40.51 % |
| 109 | Arbor Realty Trust Inc | 753 | -67.26 % |
| 110 | Adamas Trust Inc | 740 | 14.10 % |
| 111 | Saul Centers Inc | 1,234 | 12.3% |
| 112 | Pennymac Mortgage Investment Trust | 712 | -33.13 % |
| 113 | Cto Realty Growth Inc | 1,234 | 12.3% |
| 114 | Postal Realty Trust Inc | 1,234 | 12.3% |
| 115 | Chatham Lodging Trust | 1,234 | 12.3% |
| 116 | Summit Hotel Properties inc | 1,234 | 12.3% |
| 117 | Jbg Smith Properties | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Pennymac Mortgage Investment Trust's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-29. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Pennymac Mortgage Investment Trust's Valuation vs Competitive Position
Valuation multiples vs the Real Estate Investment Trusts industry average (194 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Real Estate Investment Trusts industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 7.3x | 33.2x | -26.0x |
| EV / EBITDA | 29.3x | 17.6x | +11.7x |
| P/B | 0.5x | 2.0x | -1.5x |
| Return on Equity | 10.55 % | industry aggregate | 4.60 % |
| Return on Invested Capital | - | 1.99 % (avg) | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Pennymac Mortgage Investment Trust's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 10.42 % | 68.01 % | 109.87 % | -39.08 % | - | - | - | -18.65 % |
| Operating Margin | 45.00 % | 32.32 % | 6.44 % | 5.92 % | - | - | 11.75 % | 9.50 % |
| Return on Invested Capital | 4.12 % | 3.68 % | 1.16 % | 0.56 % | - | - | 0.96 % | 0.76 % |
| P/E | 9.8x | 9.3x | 57.0x | 49.7x | - | 9.3x | 10.4x | 12.9x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Pennymac Mortgage Investment Trust's BCG Growth-Share Matrix
Relative market share (vs Pennymac Mortgage Investment Trust's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Pennymac Mortgage Investment Trust falls in the Dog quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue 1.9% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Pennymac Mortgage Investment Trust's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 417 (see Industry Market Structure & Concentration above) |
| Supplier Power | Not covered on this page | See Pennymac Mortgage Investment Trust's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Pennymac Mortgage Investment Trust's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Pennymac Mortgage Investment Trust's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Pennymac Mortgage Investment Trust falls in the Medium attractiveness / Low strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Pennymac Mortgage Investment Trust's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.00x).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- A meaningful share of tracked competitors (40.00 %) show financial-distress signals, a possible opening to gain share.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-73.6% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Pennymac Mortgage Investment Trust's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Pennymac Mortgage Investment Trust | 0.03 | 0.05 | 3.25 |
| Annaly Capital Management Inc | - | 0.85 | - |
| Agnc Investment Corp | 0.01 | 0.43 | 6.94 |
| Bxp Inc | 0.75 | 0.89 | 1.45 |
| Mfa Financial inc | 0.84 | 42.09 | - |
| Dynex Capital Inc | 0.04 | 0.05 | 6.72 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Pennymac Mortgage Investment Trust's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Pennymac Mortgage Investment Trust | Q2 2026 | - | +71.8 % |
| Annaly Capital Management Inc | Q2 2026 | - | +1,271.1 % |
| Agnc Investment Corp | Q2 2026 | - | - |
| Bxp Inc | Q2 2026 | +3.1 % | -14.0 % |
| Mfa Financial inc | Q2 2026 | -52.2 % | +6.3 % |
| Dynex Capital Inc | Q2 2026 | - | - |
| PEERS TOTAL | -62.4 % | - |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Pennymac Mortgage Investment Trust's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Pennymac Mortgage Investment Trust | Q2 2026 | - | - |
| Annaly Capital Management Inc | Q2 2026 | - | - |
| Agnc Investment Corp | Q2 2026 | - | - |
| Bxp Inc | Q2 2026 | +1.2 % | +13.1 % |
| Mfa Financial inc | Q2 2026 | - | - |
| Dynex Capital Inc | Q2 2026 | - | - |
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Pennymac Mortgage Investment Trust's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Pennymac Mortgage Investment Trust | 0.90% | 1.41% | 10.55% |
| Annaly Capital Management Inc | 2.19% | 2.19% | 18.49% |
| Agnc Investment Corp | 1.95% | 7.27% | 18.67% |
| Bxp Inc | 1.61% | 1.44% | 5.40% |
| Mfa Financial inc | 1.38% | 1.39% | 9.99% |
| Dynex Capital Inc | 2.11% | 16.13% | 16.81% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Pennymac Mortgage Investment Trust's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Pennymac Mortgage Investment Trust | 5.70 | 0.54 |
| Annaly Capital Management Inc | 4.62 | 2.08 |
| Agnc Investment Corp | 4.80 | 2.43 |
| Bxp Inc | 33.81 | 2.85 |
| Mfa Financial inc | 19.50 | 4.07 |
| Dynex Capital Inc | 24.62 | 4.06 |
| PEERS AVERAGE | 6.95 | 2.22 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.