Annual Income Statements for AGNC Investment
This table shows AGNC Investment's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for AGNC Investment
This table shows AGNC Investment's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
-692 |
532 |
-181 |
255 |
-423 |
381 |
412 |
-80 |
313 |
86 |
15 |
Consolidated Net Income / (Loss) |
|
-666 |
561 |
-151 |
286 |
-392 |
412 |
443 |
-48 |
346 |
122 |
50 |
Net Income / (Loss) Continuing Operations |
|
-666 |
561 |
-151 |
286 |
-392 |
412 |
443 |
-48 |
346 |
122 |
50 |
Total Pre-Tax Income |
|
-666 |
561 |
-151 |
286 |
-392 |
412 |
443 |
-48 |
346 |
122 |
50 |
Total Revenue |
|
-383 |
311 |
-179 |
309 |
-587 |
708 |
-121 |
-24 |
376 |
742 |
78 |
Net Interest Income / (Expense) |
|
177 |
25 |
-98 |
-69 |
-53 |
-26 |
-30 |
-3.00 |
-64 |
115 |
159 |
Total Interest Income |
|
373 |
347 |
351 |
457 |
593 |
640 |
642 |
695 |
756 |
856 |
846 |
Investment Securities Interest Income |
|
373 |
347 |
351 |
457 |
593 |
640 |
642 |
695 |
756 |
856 |
846 |
Total Interest Expense |
|
196 |
322 |
449 |
526 |
646 |
666 |
672 |
698 |
820 |
741 |
687 |
Long-Term Debt Interest Expense |
|
196 |
322 |
449 |
526 |
646 |
666 |
672 |
698 |
820 |
741 |
687 |
Total Non-Interest Income |
|
-560 |
286 |
-81 |
378 |
-534 |
734 |
-91 |
-21 |
440 |
627 |
-81 |
Other Service Charges |
|
0.00 |
- |
0.00 |
0.00 |
- |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
Net Realized & Unrealized Capital Gains on Investments |
|
-560 |
286 |
-81 |
378 |
-534 |
734 |
-91 |
-21 |
440 |
627 |
-81 |
Total Non-Interest Expense |
|
19 |
14 |
22 |
23 |
23 |
28 |
24 |
24 |
30 |
32 |
28 |
Salaries and Employee Benefits |
|
11 |
5.00 |
14 |
14 |
14 |
20 |
16 |
15 |
21 |
22 |
19 |
Other Operating Expenses |
|
8.00 |
9.00 |
8.00 |
9.00 |
9.00 |
8.00 |
8.00 |
9.00 |
9.00 |
10 |
9.00 |
Preferred Stock Dividends Declared |
|
26 |
29 |
30 |
31 |
31 |
31 |
31 |
32 |
33 |
36 |
35 |
Basic Earnings per Share |
|
($1.31) |
$1.06 |
($0.31) |
$0.43 |
($0.68) |
$0.61 |
$0.59 |
($0.11) |
$0.39 |
$0.06 |
$0.02 |
Weighted Average Basic Shares Outstanding |
|
528.70M |
537M |
579.30M |
598.80M |
622M |
618.40M |
702.20M |
740M |
807.20M |
783.40M |
918.30M |
Diluted Earnings per Share |
|
($1.31) |
$1.06 |
($0.31) |
$0.43 |
($0.68) |
$0.61 |
$0.59 |
($0.11) |
$0.39 |
$0.06 |
$0.02 |
Weighted Average Diluted Shares Outstanding |
|
528.70M |
537M |
579.30M |
599.70M |
622M |
619.60M |
704.20M |
740M |
810.10M |
786M |
921.90M |
Weighted Average Basic & Diluted Shares Outstanding |
|
571.62M |
574.66M |
595.71M |
606.08M |
671.11M |
695.02M |
726.93M |
782.46M |
885.64M |
900.42M |
1.02B |
Cash Dividends to Common per Share |
|
$0.36 |
$0.36 |
$0.36 |
$0.36 |
$0.36 |
$0.36 |
$0.36 |
$0.36 |
$0.36 |
$0.36 |
$0.36 |
Annual Cash Flow Statements for AGNC Investment
This table details how cash moves in and out of AGNC Investment's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
-610 |
-1,109 |
81 |
157 |
-238 |
1,042 |
-799 |
809 |
-563 |
0.00 |
Net Cash From Operating Activities |
|
1,428 |
1,352 |
1,260 |
1,113 |
1,180 |
1,747 |
1,540 |
1,013 |
-118 |
86 |
Net Cash From Continuing Operating Activities |
|
1,428 |
1,352 |
1,260 |
1,113 |
1,180 |
1,747 |
1,540 |
1,013 |
-118 |
86 |
Net Income / (Loss) Continuing Operations |
|
215 |
623 |
771 |
129 |
688 |
-266 |
749 |
-1,190 |
155 |
863 |
Consolidated Net Income / (Loss) |
|
215 |
623 |
771 |
129 |
688 |
-266 |
749 |
-1,190 |
155 |
863 |
Amortization Expense |
|
408 |
402 |
381 |
356 |
601 |
1,082 |
369 |
13 |
201 |
123 |
Non-Cash Adjustments to Reconcile Net Income |
|
883 |
247 |
-55 |
607 |
-65 |
1,036 |
468 |
2,083 |
-486 |
-937 |
Changes in Operating Assets and Liabilities, net |
|
-78 |
80 |
163 |
21 |
-44 |
-105 |
-46 |
107 |
12 |
37 |
Net Cash From Investing Activities |
|
4,093 |
3,201 |
-11,061 |
-27,936 |
-14,218 |
36,525 |
3,836 |
11,188 |
-14,672 |
-11,169 |
Net Cash From Continuing Investing Activities |
|
4,093 |
3,201 |
-11,061 |
-27,936 |
-14,218 |
36,525 |
3,836 |
11,188 |
-14,672 |
-11,169 |
Purchase of Investment Securities |
|
-82,949 |
-33,398 |
-51,940 |
-65,558 |
-75,777 |
-85,147 |
-67,114 |
-52,602 |
-32,580 |
-64,834 |
Sale and/or Maturity of Investments |
|
87,610 |
36,599 |
40,626 |
37,622 |
61,559 |
121,672 |
70,950 |
63,790 |
17,908 |
53,665 |
Net Cash From Financing Activities |
|
-6,131 |
-5,662 |
9,882 |
26,980 |
12,800 |
-37,230 |
-6,175 |
-11,392 |
14,227 |
11,083 |
Net Cash From Continuing Financing Activities |
|
-6,131 |
-5,662 |
9,882 |
26,980 |
12,800 |
-37,230 |
-6,175 |
-11,392 |
14,227 |
11,083 |
Issuance of Debt |
|
393,537 |
219,636 |
483,516 |
2,031,463 |
4,234,972 |
3,133,008 |
2,189,555 |
2,360,328 |
3,282,218 |
5,600,336 |
Issuance of Preferred Equity |
|
0.00 |
0.00 |
315 |
0.00 |
617 |
557 |
0.00 |
145 |
0.00 |
0.00 |
Issuance of Common Equity |
|
0.00 |
0.00 |
1,238 |
2,611 |
190 |
439 |
0.00 |
526 |
1,085 |
1,967 |
Repayment of Debt |
|
-398,481 |
-224,383 |
-474,219 |
-2,006,120 |
-4,221,562 |
-3,169,886 |
-2,194,589 |
-2,371,471 |
-3,268,071 |
-5,589,979 |
Repurchase of Preferred Equity |
|
0.00 |
0.00 |
-173 |
0.00 |
-175 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Repurchase of Common Equity |
|
-285 |
-116 |
0.00 |
0.00 |
-103 |
-378 |
-281 |
-51 |
0.00 |
0.00 |
Payment of Dividends |
|
-902 |
-799 |
-795 |
-974 |
-1,139 |
-970 |
-860 |
-869 |
-1,005 |
-1,241 |
Cash Interest Paid |
|
215 |
332 |
474 |
1,090 |
2,097 |
866 |
89 |
557 |
2,246 |
2,899 |
Cash Income Taxes Paid |
|
1.00 |
- |
- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Quarterly Cash Flow Statements for AGNC Investment
This table details how cash moves in and out of AGNC Investment's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Change in Cash & Equivalents |
|
923 |
-828 |
505 |
-1,216 |
259 |
-111 |
102 |
33 |
-120 |
-15 |
-53 |
Net Cash From Operating Activities |
|
226 |
94 |
26 |
-61 |
-52 |
-31 |
20 |
-20 |
7.00 |
79 |
192 |
Net Cash From Continuing Operating Activities |
|
226 |
94 |
26 |
-61 |
-52 |
-31 |
20 |
-20 |
7.00 |
79 |
192 |
Net Income / (Loss) Continuing Operations |
|
-666 |
561 |
-151 |
286 |
-392 |
412 |
443 |
-48 |
346 |
122 |
50 |
Consolidated Net Income / (Loss) |
|
-666 |
561 |
-151 |
286 |
-392 |
412 |
443 |
-48 |
346 |
122 |
50 |
Amortization Expense |
|
36 |
55 |
120 |
45 |
20 |
16 |
37 |
28 |
69 |
-11 |
39 |
Non-Cash Adjustments to Reconcile Net Income |
|
828 |
-550 |
30 |
-374 |
319 |
-461 |
-498 |
27 |
-435 |
-31 |
77 |
Changes in Operating Assets and Liabilities, net |
|
28 |
28 |
27 |
-18 |
1.00 |
2.00 |
38 |
-27 |
27 |
-1.00 |
26 |
Net Cash From Investing Activities |
|
3,329 |
3,168 |
-11,571 |
5,342 |
-9,943 |
1,500 |
582 |
-7,061 |
-9,616 |
4,926 |
-5,727 |
Net Cash From Continuing Investing Activities |
|
3,329 |
3,168 |
-11,571 |
5,342 |
-9,943 |
1,500 |
582 |
-7,061 |
-9,616 |
4,926 |
-5,727 |
Purchase of Investment Securities |
|
-5,378 |
-19,397 |
-16,145 |
4,872 |
-41,411 |
20,104 |
-9,419 |
-12,907 |
-24,328 |
-18,180 |
-7,501 |
Sale and/or Maturity of Investments |
|
8,707 |
22,565 |
4,574 |
470 |
31,468 |
-18,604 |
10,001 |
5,846 |
14,712 |
23,106 |
1,774 |
Net Cash From Financing Activities |
|
-2,632 |
-4,090 |
12,050 |
-6,497 |
10,254 |
-1,580 |
-500 |
7,114 |
9,489 |
-5,020 |
5,482 |
Net Cash From Continuing Financing Activities |
|
-2,683 |
-4,090 |
12,050 |
-6,497 |
10,254 |
-1,580 |
-500 |
7,114 |
9,489 |
-5,020 |
5,482 |
Issuance of Debt |
|
620,103 |
611,093 |
705,124 |
894,010 |
991,590 |
691,494 |
1,140,681 |
1,310,144 |
1,529,278 |
1,620,233 |
1,523,750 |
Issuance of Preferred Equity |
|
145 |
- |
0.00 |
- |
- |
- |
0.00 |
- |
- |
- |
0.00 |
Issuance of Common Equity |
|
289 |
187 |
171 |
106 |
432 |
376 |
241 |
434 |
780 |
512 |
509 |
Repayment of Debt |
|
-622,955 |
-615,142 |
-693,007 |
-900,370 |
-981,516 |
-693,178 |
-1,141,140 |
-1,303,171 |
-1,520,251 |
-1,625,417 |
-1,518,414 |
Repurchase of Preferred Equity |
|
- |
- |
0.00 |
- |
- |
- |
0.00 |
- |
- |
- |
0.00 |
Repurchase of Common Equity |
|
-51 |
- |
0.00 |
- |
- |
- |
0.00 |
- |
- |
- |
0.00 |
Payment of Dividends |
|
-214 |
-228 |
-238 |
-243 |
-252 |
-272 |
-282 |
-293 |
-318 |
-348 |
-363 |
Cash Interest Paid |
|
- |
557 |
0.00 |
- |
- |
2,246 |
0.00 |
- |
- |
2,899 |
0.00 |
Cash Income Taxes Paid |
|
- |
- |
0.00 |
- |
- |
- |
0.00 |
- |
- |
- |
0.00 |
Annual Balance Sheets for AGNC Investment
This table presents AGNC Investment's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
57,021 |
56,880 |
70,376 |
109,241 |
113,082 |
81,817 |
68,149 |
51,748 |
71,596 |
88,015 |
Cash and Due from Banks |
|
1,110 |
1,208 |
1,046 |
921 |
831 |
1,017 |
998 |
1,018 |
518 |
505 |
Restricted Cash |
|
1,281 |
74 |
317 |
599 |
451 |
1,307 |
527 |
1,316 |
1,253 |
1,266 |
Trading Account Securities |
|
51,583 |
46,054 |
55,776 |
83,158 |
99,382 |
65,773 |
54,027 |
40,998 |
55,749 |
67,462 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Intangible Assets |
|
0.00 |
554 |
551 |
526 |
526 |
526 |
526 |
526 |
526 |
526 |
Other Assets |
|
3,047 |
8,990 |
12,686 |
24,037 |
11,521 |
13,194 |
12,071 |
7,890 |
13,550 |
18,256 |
Total Liabilities & Shareholders' Equity |
|
57,021 |
56,880 |
70,376 |
109,241 |
113,082 |
81,817 |
68,149 |
51,748 |
71,596 |
88,015 |
Total Liabilities |
|
49,050 |
49,524 |
61,622 |
99,335 |
102,041 |
70,738 |
57,858 |
43,878 |
63,339 |
78,253 |
Short-Term Debt |
|
42,871 |
38,114 |
50,419 |
77,005 |
91,742 |
58,525 |
47,547 |
36,663 |
50,998 |
60,966 |
Other Short-Term Payables |
|
135 |
277 |
379 |
624 |
528 |
90 |
88 |
100 |
115 |
143 |
Long-Term Debt |
|
6,044 |
11,133 |
10,824 |
21,706 |
9,771 |
11,904 |
9,823 |
6,629 |
10,974 |
16,740 |
Other Long-Term Liabilities |
|
- |
- |
- |
- |
- |
219 |
400 |
486 |
1,252 |
404 |
Total Equity & Noncontrolling Interests |
|
7,971 |
7,356 |
8,754 |
9,906 |
11,041 |
11,079 |
10,291 |
7,870 |
8,257 |
9,762 |
Total Preferred & Common Equity |
|
7,971 |
7,356 |
8,754 |
9,906 |
11,041 |
11,079 |
10,291 |
7,870 |
8,257 |
9,762 |
Preferred Stock |
|
336 |
336 |
484 |
484 |
932 |
1,489 |
1,489 |
1,634 |
1,634 |
1,634 |
Total Common Equity |
|
7,635 |
7,020 |
8,270 |
9,422 |
10,109 |
9,590 |
8,802 |
6,236 |
6,623 |
8,128 |
Common Stock |
|
10,051 |
9,935 |
11,177 |
13,798 |
13,898 |
13,977 |
13,715 |
14,192 |
15,288 |
17,273 |
Retained Earnings |
|
-2,350 |
-2,518 |
-2,562 |
-3,433 |
-3,886 |
-5,106 |
-5,214 |
-7,284 |
-8,148 |
-8,554 |
Accumulated Other Comprehensive Income / (Loss) |
|
-66 |
-397 |
-345 |
-943 |
97 |
719 |
301 |
-672 |
-517 |
-591 |
Quarterly Balance Sheets for AGNC Investment
This table presents AGNC Investment's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Total Assets |
|
58,524 |
66,111 |
60,518 |
69,991 |
71,876 |
79,685 |
89,590 |
95,889 |
Cash and Due from Banks |
|
976 |
975 |
716 |
493 |
505 |
530 |
507 |
455 |
Restricted Cash |
|
2,186 |
1,864 |
907 |
1,389 |
1,368 |
1,376 |
1,279 |
1,263 |
Trading Account Securities |
|
44,673 |
52,326 |
48,682 |
56,770 |
55,888 |
62,475 |
70,999 |
74,031 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Intangible Assets |
|
526 |
526 |
526 |
526 |
526 |
526 |
526 |
526 |
Other Assets |
|
10,163 |
10,420 |
9,687 |
10,813 |
13,589 |
14,778 |
16,279 |
19,614 |
Total Liabilities & Shareholders' Equity |
|
58,524 |
66,111 |
60,518 |
69,991 |
71,876 |
79,685 |
89,590 |
95,889 |
Total Liabilities |
|
51,302 |
58,319 |
52,640 |
62,541 |
63,298 |
71,033 |
79,934 |
85,847 |
Short-Term Debt |
|
42,806 |
48,710 |
44,047 |
52,888 |
50,672 |
57,219 |
66,356 |
68,051 |
Other Short-Term Payables |
|
92 |
101 |
103 |
109 |
118 |
125 |
134 |
148 |
Long-Term Debt |
|
7,567 |
8,961 |
8,057 |
9,102 |
12,191 |
13,319 |
13,078 |
17,242 |
Other Long-Term Liabilities |
|
837 |
547 |
433 |
442 |
317 |
370 |
366 |
406 |
Total Equity & Noncontrolling Interests |
|
7,222 |
7,792 |
7,878 |
7,450 |
8,578 |
8,652 |
9,656 |
10,042 |
Total Preferred & Common Equity |
|
7,222 |
7,792 |
7,878 |
7,450 |
8,578 |
8,652 |
9,656 |
10,042 |
Preferred Stock |
|
1,634 |
1,634 |
1,634 |
1,634 |
1,634 |
1,634 |
1,634 |
1,634 |
Total Common Equity |
|
5,588 |
6,158 |
6,244 |
5,816 |
6,944 |
7,018 |
8,022 |
8,408 |
Common Stock |
|
14,005 |
14,362 |
14,472 |
14,907 |
15,528 |
15,968 |
16,754 |
17,778 |
Retained Earnings |
|
-7,610 |
-7,674 |
-7,633 |
-8,283 |
-7,990 |
-8,338 |
-8,320 |
-8,872 |
Accumulated Other Comprehensive Income / (Loss) |
|
-807 |
-530 |
-595 |
-808 |
-594 |
-612 |
-412 |
-498 |
Annual Metrics And Ratios for AGNC Investment
This table displays calculated financial ratios and metrics derived from AGNC Investment's official financial filings.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
484.78% |
105.65% |
15.93% |
-72.87% |
236.68% |
-122.44% |
810.40% |
-190.81% |
122.49% |
287.65% |
EBITDA Growth |
|
160.67% |
64.53% |
12.39% |
-57.90% |
165.77% |
-36.70% |
85.05% |
-177.95% |
130.25% |
176.97% |
EBIT Growth |
|
192.27% |
189.77% |
23.76% |
-83.27% |
433.33% |
-138.66% |
528.95% |
-204.29% |
113.03% |
456.77% |
NOPAT Growth |
|
231.82% |
189.77% |
23.76% |
-83.27% |
433.33% |
-127.06% |
712.78% |
-173.01% |
118.61% |
456.77% |
Net Income Growth |
|
192.27% |
189.77% |
23.76% |
-83.27% |
433.33% |
-138.66% |
381.58% |
-258.88% |
113.03% |
456.77% |
EPS Growth |
|
175.00% |
231.48% |
13.97% |
-89.71% |
452.38% |
-156.90% |
284.85% |
-297.54% |
102.07% |
1,760.00% |
Operating Cash Flow Growth |
|
-11.96% |
-5.32% |
-6.80% |
-11.67% |
6.02% |
48.05% |
-11.85% |
-34.22% |
-111.65% |
172.88% |
Free Cash Flow Firm Growth |
|
40.16% |
-91.70% |
-1,493.27% |
-204.93% |
91.56% |
1,049.82% |
-51.43% |
4.52% |
-220.72% |
13.41% |
Invested Capital Growth |
|
-15.83% |
-0.50% |
23.66% |
55.17% |
3.62% |
-27.58% |
-16.99% |
-24.38% |
37.27% |
24.55% |
Revenue Q/Q Growth |
|
164.01% |
132.59% |
-42.74% |
-83.87% |
184.73% |
-124.68% |
-25.24% |
-7.10% |
125.59% |
186.49% |
EBITDA Q/Q Growth |
|
356.38% |
54.14% |
-32.12% |
-70.84% |
455.10% |
11.78% |
-26.27% |
-14.72% |
143.26% |
191.21% |
EBIT Q/Q Growth |
|
130.98% |
224.48% |
-45.12% |
-90.21% |
169.71% |
-56.47% |
-26.43% |
-6.06% |
114.58% |
170.11% |
NOPAT Q/Q Growth |
|
144.26% |
224.48% |
-45.12% |
-90.21% |
199.58% |
-56.47% |
-26.43% |
33.07% |
-49.01% |
-25.15% |
Net Income Q/Q Growth |
|
130.98% |
224.48% |
-45.12% |
-90.21% |
169.71% |
-56.47% |
-51.71% |
33.07% |
-49.01% |
-25.15% |
EPS Q/Q Growth |
|
126.09% |
306.82% |
-49.38% |
-93.54% |
148.13% |
-32.00% |
-54.81% |
31.92% |
-90.00% |
-37.16% |
Operating Cash Flow Q/Q Growth |
|
2.15% |
-2.52% |
0.16% |
-4.46% |
9.26% |
2.16% |
-2.16% |
-21.78% |
-1,785.71% |
458.33% |
Free Cash Flow Firm Q/Q Growth |
|
1,092.09% |
-81.59% |
-56.36% |
-55.59% |
82.62% |
-18.35% |
207.95% |
69.87% |
-63.87% |
11.47% |
Invested Capital Q/Q Growth |
|
-5.94% |
1.53% |
7.31% |
18.99% |
2.98% |
14.19% |
-0.59% |
-11.17% |
1.14% |
-1.82% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
175.99% |
140.80% |
136.49% |
211.79% |
167.19% |
0.00% |
122.86% |
0.00% |
141.83% |
101.34% |
EBIT Margin |
|
60.73% |
85.58% |
91.35% |
56.33% |
89.23% |
0.00% |
92.84% |
0.00% |
61.75% |
88.69% |
Profit (Net Income) Margin |
|
60.73% |
85.58% |
91.35% |
56.33% |
89.23% |
0.00% |
60.94% |
0.00% |
61.75% |
88.69% |
Tax Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
65.64% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Return on Invested Capital (ROIC) |
|
0.35% |
1.10% |
1.22% |
0.14% |
0.62% |
0.00% |
1.53% |
0.00% |
0.26% |
1.09% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.35% |
1.10% |
1.22% |
0.14% |
0.62% |
0.00% |
0.92% |
0.00% |
0.26% |
1.09% |
Return on Net Nonoperating Assets (RNNOA) |
|
2.13% |
7.03% |
8.35% |
1.24% |
5.95% |
0.00% |
5.48% |
0.00% |
1.67% |
8.48% |
Return on Equity (ROE) |
|
2.47% |
8.13% |
9.57% |
1.38% |
6.57% |
-2.41% |
7.01% |
-13.11% |
1.92% |
9.58% |
Cash Return on Invested Capital (CROIC) |
|
17.53% |
1.60% |
-19.94% |
-43.10% |
-2.94% |
31.80% |
20.10% |
26.37% |
-31.16% |
-20.77% |
Operating Return on Assets (OROA) |
|
0.34% |
1.09% |
1.21% |
0.14% |
0.62% |
0.00% |
1.52% |
0.00% |
0.25% |
1.08% |
Return on Assets (ROA) |
|
0.34% |
1.09% |
1.21% |
0.14% |
0.62% |
0.00% |
1.00% |
0.00% |
0.25% |
1.08% |
Return on Common Equity (ROCE) |
|
2.38% |
7.77% |
9.08% |
1.31% |
6.12% |
-2.14% |
6.03% |
-10.85% |
1.53% |
7.84% |
Return on Equity Simple (ROE_SIMPLE) |
|
2.70% |
8.47% |
8.81% |
1.30% |
6.23% |
-2.40% |
7.28% |
-15.12% |
1.88% |
8.84% |
Net Operating Profit after Tax (NOPAT) |
|
215 |
623 |
771 |
129 |
688 |
-186 |
1,141 |
-833 |
155 |
863 |
NOPAT Margin |
|
60.73% |
85.58% |
91.35% |
56.33% |
89.23% |
0.00% |
92.84% |
0.00% |
61.75% |
88.69% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.09% |
0.61% |
0.71% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
0.00% |
2.61% |
4.98% |
19.65% |
6.10% |
0.00% |
4.39% |
0.00% |
24.70% |
7.61% |
Operating Expenses to Revenue |
|
39.27% |
14.42% |
8.65% |
43.67% |
10.77% |
0.00% |
7.16% |
0.00% |
38.25% |
11.31% |
Earnings before Interest and Taxes (EBIT) |
|
215 |
623 |
771 |
129 |
688 |
-266 |
1,141 |
-1,190 |
155 |
863 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
623 |
1,025 |
1,152 |
485 |
1,289 |
816 |
1,510 |
-1,177 |
356 |
986 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.28 |
0.35 |
0.43 |
0.45 |
0.54 |
0.56 |
0.62 |
0.70 |
0.85 |
0.99 |
Price to Tangible Book Value (P/TBV) |
|
0.28 |
0.38 |
0.46 |
0.48 |
0.57 |
0.60 |
0.66 |
0.76 |
0.92 |
1.06 |
Price to Revenue (P/Rev) |
|
6.11 |
3.35 |
4.23 |
18.57 |
7.08 |
0.00 |
4.45 |
0.00 |
22.34 |
8.28 |
Price to Earnings (P/E) |
|
11.56 |
4.10 |
4.87 |
45.73 |
8.69 |
0.00 |
8.43 |
0.00 |
175.26 |
11.03 |
Dividend Yield |
|
39.75% |
31.18% |
23.67% |
24.27% |
19.83% |
15.75% |
13.82% |
18.98% |
17.23% |
15.82% |
Earnings Yield |
|
8.65% |
24.37% |
20.53% |
2.19% |
11.51% |
0.00% |
11.87% |
0.00% |
0.57% |
9.07% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.86 |
0.90 |
0.91 |
0.94 |
0.95 |
0.92 |
0.93 |
0.92 |
0.96 |
0.98 |
Enterprise Value to Revenue (EV/Rev) |
|
138.48 |
69.70 |
75.75 |
445.10 |
138.29 |
0.00 |
51.10 |
0.00 |
268.70 |
88.00 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
78.69 |
49.51 |
55.50 |
210.16 |
82.71 |
91.90 |
41.59 |
0.00 |
189.45 |
86.84 |
Enterprise Value to EBIT (EV/EBIT) |
|
228.01 |
81.45 |
82.92 |
790.14 |
154.97 |
0.00 |
55.04 |
0.00 |
435.12 |
99.22 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
228.01 |
81.45 |
82.92 |
790.14 |
154.97 |
0.00 |
55.04 |
0.00 |
435.12 |
99.22 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
34.33 |
37.53 |
50.74 |
91.58 |
90.35 |
42.93 |
40.78 |
46.33 |
0.00 |
995.68 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
4.49 |
56.01 |
0.00 |
0.00 |
0.00 |
2.43 |
4.19 |
3.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
6.14 |
6.69 |
7.00 |
9.96 |
9.19 |
6.36 |
5.57 |
5.50 |
7.51 |
7.96 |
Long-Term Debt to Equity |
|
0.76 |
1.51 |
1.24 |
2.19 |
0.89 |
1.07 |
0.95 |
0.84 |
1.33 |
1.71 |
Financial Leverage |
|
6.15 |
6.40 |
6.86 |
8.57 |
9.56 |
7.77 |
5.98 |
5.54 |
6.53 |
7.75 |
Leverage Ratio |
|
7.17 |
7.43 |
7.90 |
9.63 |
10.61 |
8.81 |
7.02 |
6.60 |
7.65 |
8.86 |
Compound Leverage Factor |
|
7.17 |
7.43 |
7.90 |
9.63 |
10.61 |
8.81 |
4.61 |
6.60 |
7.65 |
8.86 |
Debt to Total Capital |
|
85.99% |
87.00% |
87.49% |
90.88% |
90.19% |
86.41% |
84.79% |
84.62% |
88.24% |
88.84% |
Short-Term Debt to Total Capital |
|
75.36% |
67.34% |
72.03% |
70.90% |
81.51% |
71.80% |
70.27% |
71.66% |
72.62% |
69.70% |
Long-Term Debt to Total Capital |
|
10.62% |
19.67% |
15.46% |
19.98% |
8.68% |
14.60% |
14.52% |
12.96% |
15.63% |
19.14% |
Preferred Equity to Total Capital |
|
0.59% |
0.59% |
0.69% |
0.45% |
0.83% |
1.83% |
2.20% |
3.19% |
2.33% |
1.87% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
13.42% |
12.40% |
11.81% |
8.67% |
8.98% |
11.77% |
13.01% |
12.19% |
9.43% |
9.29% |
Debt to EBITDA |
|
78.52 |
48.05 |
53.16 |
203.53 |
78.75 |
86.31 |
37.99 |
-36.78 |
174.08 |
78.81 |
Net Debt to EBITDA |
|
74.68 |
46.80 |
51.98 |
200.39 |
77.76 |
83.46 |
36.98 |
-34.80 |
169.10 |
77.01 |
Long-Term Debt to EBITDA |
|
9.70 |
10.86 |
9.40 |
44.75 |
7.58 |
14.59 |
6.51 |
-5.63 |
30.83 |
16.98 |
Debt to NOPAT |
|
227.51 |
79.05 |
79.43 |
765.20 |
147.55 |
-378.24 |
50.28 |
-51.97 |
399.82 |
90.04 |
Net Debt to NOPAT |
|
216.39 |
76.99 |
77.67 |
753.42 |
145.68 |
-365.76 |
48.94 |
-49.17 |
388.39 |
87.99 |
Long-Term Debt to NOPAT |
|
28.11 |
17.87 |
14.04 |
168.26 |
14.20 |
-63.93 |
8.61 |
-7.96 |
70.80 |
19.40 |
Noncontrolling Interest Sharing Ratio |
|
3.86% |
4.38% |
5.09% |
5.19% |
6.76% |
10.94% |
13.94% |
17.20% |
20.26% |
18.14% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
10,910 |
906 |
-12,623 |
-38,491 |
-3,249 |
30,860 |
14,988 |
15,666 |
-18,912 |
-16,376 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
33.06 |
2.30 |
-24.09 |
-32.81 |
-1.51 |
45.79 |
199.84 |
25.07 |
-8.27 |
-5.59 |
Operating Cash Flow to Interest Expense |
|
4.33 |
3.43 |
2.40 |
0.95 |
0.55 |
2.59 |
20.53 |
1.62 |
-0.05 |
0.03 |
Operating Cash Flow Less CapEx to Interest Expense |
|
4.33 |
3.43 |
2.40 |
0.95 |
0.55 |
2.59 |
20.53 |
1.62 |
-0.05 |
0.03 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.01 |
0.01 |
0.01 |
0.00 |
0.01 |
0.00 |
0.02 |
0.00 |
0.00 |
0.01 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
56,886 |
56,603 |
69,997 |
108,617 |
112,554 |
81,508 |
67,661 |
51,162 |
70,229 |
87,468 |
Invested Capital Turnover |
|
0.01 |
0.01 |
0.01 |
0.00 |
0.01 |
0.00 |
0.02 |
0.00 |
0.00 |
0.01 |
Increase / (Decrease) in Invested Capital |
|
-10,695 |
-283 |
13,394 |
38,620 |
3,937 |
-31,046 |
-13,847 |
-16,499 |
19,067 |
17,239 |
Enterprise Value (EV) |
|
49,021 |
50,743 |
63,935 |
101,928 |
106,618 |
74,994 |
62,804 |
46,929 |
67,443 |
85,629 |
Market Capitalization |
|
2,161 |
2,442 |
3,571 |
4,253 |
5,455 |
5,400 |
5,470 |
4,337 |
5,608 |
8,060 |
Book Value per Share |
|
$22.04 |
$21.21 |
$21.13 |
$19.72 |
$18.69 |
$17.59 |
$16.77 |
$10.91 |
$9.87 |
$9.18 |
Tangible Book Value per Share |
|
$22.04 |
$19.53 |
$19.73 |
$18.62 |
$17.72 |
$16.62 |
$15.77 |
$9.99 |
$9.09 |
$8.58 |
Total Capital |
|
56,886 |
56,603 |
69,997 |
108,617 |
112,554 |
81,508 |
67,661 |
51,162 |
70,229 |
87,468 |
Total Debt |
|
48,915 |
49,247 |
61,243 |
98,711 |
101,513 |
70,429 |
57,370 |
43,292 |
61,972 |
77,706 |
Total Long-Term Debt |
|
6,044 |
11,133 |
10,824 |
21,706 |
9,771 |
11,904 |
9,823 |
6,629 |
10,974 |
16,740 |
Net Debt |
|
46,524 |
47,965 |
59,880 |
97,191 |
100,231 |
68,105 |
55,845 |
40,958 |
60,201 |
75,935 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
80 |
392 |
357 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
48,915 |
49,247 |
61,243 |
98,711 |
101,513 |
70,429 |
57,370 |
43,292 |
61,972 |
77,706 |
Total Depreciation and Amortization (D&A) |
|
408 |
402 |
381 |
356 |
601 |
1,082 |
369 |
13 |
201 |
123 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.54 |
$1.79 |
$2.04 |
$0.21 |
$1.16 |
($0.66) |
$1.23 |
($2.41) |
$0.05 |
$0.93 |
Adjusted Weighted Average Basic Shares Outstanding |
|
346.45M |
331.05M |
358.60M |
441.10M |
540.60M |
551.60M |
528.10M |
537M |
618.40M |
783.40M |
Adjusted Diluted Earnings per Share |
|
$0.54 |
$1.79 |
$2.04 |
$0.21 |
$1.16 |
($0.66) |
$1.22 |
($2.41) |
$0.05 |
$0.93 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
346.45M |
331.05M |
358.70M |
441.40M |
541.40M |
551.60M |
530M |
537M |
619.60M |
786M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.54 |
$1.79 |
$2.04 |
$0.00 |
$1.16 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
348.60M |
331.90M |
391.32M |
536.34M |
540.94M |
537.90M |
522.22M |
574.66M |
695.02M |
900.42M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
151 |
436 |
540 |
90 |
482 |
-186 |
799 |
-833 |
109 |
604 |
Normalized NOPAT Margin |
|
42.51% |
59.90% |
63.95% |
39.43% |
62.46% |
0.00% |
64.99% |
0.00% |
43.23% |
62.09% |
Pre Tax Income Margin |
|
60.73% |
85.58% |
91.35% |
56.33% |
89.23% |
0.00% |
60.94% |
0.00% |
61.75% |
88.69% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.65 |
1.58 |
1.47 |
0.11 |
0.32 |
-0.39 |
15.21 |
-1.90 |
0.07 |
0.29 |
NOPAT to Interest Expense |
|
0.65 |
1.58 |
1.47 |
0.11 |
0.32 |
-0.28 |
15.21 |
-1.33 |
0.07 |
0.29 |
EBIT Less CapEx to Interest Expense |
|
0.65 |
1.58 |
1.47 |
0.11 |
0.32 |
-0.39 |
15.21 |
-1.90 |
0.07 |
0.29 |
NOPAT Less CapEx to Interest Expense |
|
0.65 |
1.58 |
1.47 |
0.11 |
0.32 |
-0.28 |
15.21 |
-1.33 |
0.07 |
0.29 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
419.53% |
128.25% |
103.11% |
755.04% |
165.55% |
-364.66% |
114.82% |
-73.03% |
648.39% |
143.80% |
Augmented Payout Ratio |
|
552.09% |
146.87% |
103.11% |
755.04% |
180.52% |
-506.77% |
152.34% |
-77.31% |
648.39% |
143.80% |
Quarterly Metrics And Ratios for AGNC Investment
This table displays calculated financial ratios and metrics derived from AGNC Investment's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-263.68% |
-19.22% |
71.59% |
174.64% |
-53.26% |
127.65% |
32.40% |
-107.77% |
164.05% |
4.80% |
-83.30% |
EBITDA Growth |
|
-216.19% |
-30.02% |
88.89% |
176.27% |
-61.20% |
97.73% |
-33.33% |
-106.04% |
170.34% |
0.43% |
-81.46% |
EBIT Growth |
|
-289.62% |
-18.63% |
69.12% |
165.90% |
-51.74% |
128.96% |
27.86% |
-116.78% |
156.72% |
4.41% |
-88.71% |
NOPAT Growth |
|
-232.74% |
3,068.25% |
69.12% |
194.14% |
-51.74% |
-26.56% |
-3.06% |
-111.75% |
181.03% |
-70.39% |
-88.71% |
Net Income Growth |
|
-414.15% |
2,177.78% |
76.80% |
165.90% |
41.14% |
-26.56% |
393.38% |
-116.78% |
188.27% |
-70.39% |
-88.71% |
EPS Growth |
|
-474.29% |
1,614.29% |
75.97% |
149.43% |
48.09% |
-42.45% |
290.32% |
-125.58% |
157.35% |
-90.16% |
-96.61% |
Operating Cash Flow Growth |
|
-42.49% |
-75.00% |
-92.99% |
-118.94% |
-123.01% |
-132.98% |
-23.08% |
67.21% |
113.46% |
354.84% |
860.00% |
Free Cash Flow Firm Growth |
|
188.71% |
23.37% |
-100.22% |
-95.17% |
-220.48% |
-209.35% |
-14,944.23% |
-3,046.65% |
-57.30% |
8.24% |
-330.79% |
Invested Capital Growth |
|
-15.38% |
-24.38% |
-0.15% |
-0.61% |
20.57% |
37.27% |
9.13% |
32.02% |
28.30% |
24.55% |
33.45% |
Revenue Q/Q Growth |
|
7.49% |
181.20% |
65.84% |
272.63% |
-289.97% |
220.61% |
91.08% |
80.17% |
1,666.67% |
97.34% |
-89.49% |
EBITDA Q/Q Growth |
|
15.67% |
196.17% |
83.23% |
508.64% |
-278.25% |
217.97% |
92.11% |
81.48% |
2,175.00% |
68.43% |
-87.27% |
EBIT Q/Q Growth |
|
7.37% |
173.88% |
62.64% |
242.29% |
-313.29% |
211.48% |
89.52% |
66.90% |
820.83% |
105.20% |
-92.96% |
NOPAT Q/Q Growth |
|
7.37% |
299.36% |
-125.08% |
303.27% |
-249.30% |
196.49% |
-135.19% |
76.83% |
1,129.76% |
-64.74% |
-59.02% |
Net Income Q/Q Growth |
|
-53.46% |
184.23% |
-126.92% |
289.40% |
-237.06% |
205.10% |
7.52% |
-110.84% |
820.83% |
-64.74% |
-59.02% |
EPS Q/Q Growth |
|
-50.57% |
180.92% |
-129.25% |
238.71% |
-258.14% |
189.71% |
-3.28% |
-118.64% |
454.55% |
-84.62% |
-66.67% |
Operating Cash Flow Q/Q Growth |
|
-29.81% |
-58.41% |
-72.34% |
-334.62% |
14.75% |
40.38% |
164.52% |
-200.00% |
135.00% |
1,028.57% |
143.04% |
Free Cash Flow Firm Q/Q Growth |
|
-24.65% |
67.49% |
-100.24% |
1,704.42% |
-1,979.33% |
-52.01% |
67.18% |
-214.25% |
-0.32% |
11.33% |
-39.30% |
Invested Capital Q/Q Growth |
|
-4.56% |
-11.17% |
27.95% |
-8.37% |
15.77% |
1.14% |
1.73% |
10.85% |
12.50% |
-1.82% |
8.99% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
0.00% |
113.18% |
0.00% |
107.12% |
0.00% |
98.31% |
0.00% |
0.00% |
110.37% |
94.20% |
114.10% |
EBIT Margin |
|
0.00% |
95.50% |
0.00% |
92.56% |
0.00% |
96.05% |
0.00% |
0.00% |
92.02% |
95.69% |
64.10% |
Profit (Net Income) Margin |
|
0.00% |
180.39% |
0.00% |
92.56% |
0.00% |
58.19% |
0.00% |
0.00% |
92.02% |
16.44% |
64.10% |
Tax Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Interest Burden Percent |
|
165.67% |
188.89% |
75.12% |
100.00% |
64.26% |
60.59% |
-305.52% |
100.00% |
100.00% |
17.18% |
100.00% |
Effective Tax Rate |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Return on Invested Capital (ROIC) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.24% |
0.00% |
0.00% |
0.00% |
0.20% |
0.45% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.24% |
0.00% |
0.00% |
0.00% |
0.20% |
0.45% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
1.57% |
0.00% |
0.00% |
0.00% |
1.57% |
3.57% |
Return on Equity (ROE) |
|
-19.86% |
-13.11% |
-8.25% |
0.38% |
4.14% |
1.81% |
9.15% |
5.02% |
13.48% |
1.78% |
4.02% |
Cash Return on Invested Capital (CROIC) |
|
14.68% |
26.37% |
-0.58% |
0.66% |
-18.17% |
-31.16% |
-11.44% |
-27.01% |
-23.34% |
-20.77% |
-28.09% |
Operating Return on Assets (OROA) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.39% |
0.00% |
0.00% |
0.00% |
1.17% |
0.45% |
Return on Assets (ROA) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.24% |
0.00% |
0.00% |
0.00% |
0.20% |
0.45% |
Return on Common Equity (ROCE) |
|
-16.40% |
-10.85% |
-6.71% |
0.30% |
3.22% |
1.44% |
7.32% |
4.03% |
10.91% |
1.45% |
3.32% |
Return on Equity Simple (ROE_SIMPLE) |
|
-24.62% |
0.00% |
-8.86% |
0.38% |
4.08% |
0.00% |
8.73% |
4.80% |
11.94% |
0.00% |
4.68% |
Net Operating Profit after Tax (NOPAT) |
|
-281 |
561 |
-141 |
286 |
-427 |
412 |
-145 |
-34 |
346 |
122 |
50 |
NOPAT Margin |
|
0.00% |
180.39% |
0.00% |
92.56% |
0.00% |
58.19% |
0.00% |
0.00% |
92.02% |
16.44% |
64.10% |
Net Nonoperating Expense Percent (NNEP) |
|
0.71% |
0.00% |
0.02% |
0.00% |
-0.06% |
0.00% |
-0.98% |
0.02% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
0.00% |
1.61% |
0.00% |
4.53% |
0.00% |
2.82% |
0.00% |
0.00% |
5.59% |
2.97% |
24.36% |
Operating Expenses to Revenue |
|
0.00% |
4.50% |
0.00% |
7.44% |
0.00% |
3.95% |
0.00% |
0.00% |
7.98% |
4.31% |
35.90% |
Earnings before Interest and Taxes (EBIT) |
|
-402 |
297 |
-201 |
286 |
-610 |
680 |
-145 |
-48 |
346 |
710 |
50 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
-366 |
352 |
-81 |
331 |
-590 |
696 |
-108 |
-20 |
415 |
699 |
89 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.60 |
0.70 |
0.77 |
0.82 |
0.83 |
0.85 |
0.91 |
0.98 |
1.01 |
0.99 |
1.01 |
Price to Tangible Book Value (P/TBV) |
|
0.66 |
0.76 |
0.84 |
0.89 |
0.92 |
0.92 |
0.98 |
1.06 |
1.08 |
1.06 |
1.08 |
Price to Revenue (P/Rev) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
22.34 |
0.00 |
0.00 |
0.00 |
8.28 |
14.58 |
Price to Earnings (P/E) |
|
0.00 |
0.00 |
0.00 |
0.00 |
26.49 |
175.26 |
10.11 |
23.63 |
7.88 |
11.03 |
25.48 |
Dividend Yield |
|
22.55% |
18.98% |
17.52% |
16.79% |
18.01% |
17.23% |
15.29% |
15.27% |
13.94% |
15.82% |
15.23% |
Earnings Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
3.78% |
0.57% |
9.89% |
4.23% |
12.69% |
9.07% |
3.92% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.91 |
0.92 |
0.93 |
0.95 |
0.96 |
0.96 |
0.97 |
0.97 |
0.98 |
0.98 |
0.98 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
268.70 |
0.00 |
0.00 |
0.00 |
88.00 |
160.48 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
189.45 |
0.00 |
0.00 |
0.00 |
86.84 |
157.51 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
435.12 |
0.00 |
0.00 |
0.00 |
99.22 |
199.41 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.00 |
0.00 |
1,907.44 |
219.04 |
435.12 |
0.00 |
185.83 |
75.77 |
99.22 |
199.41 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
40.30 |
46.33 |
91.60 |
200.78 |
9,512.76 |
0.00 |
0.00 |
0.00 |
0.00 |
995.68 |
363.26 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
5.66 |
3.00 |
0.00 |
144.14 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
6.97 |
5.50 |
7.40 |
6.61 |
8.32 |
7.51 |
7.33 |
8.15 |
8.23 |
7.96 |
8.49 |
Long-Term Debt to Equity |
|
1.05 |
0.84 |
1.15 |
1.02 |
1.22 |
1.33 |
1.42 |
1.54 |
1.35 |
1.71 |
1.72 |
Financial Leverage |
|
6.02 |
5.54 |
6.84 |
6.56 |
7.66 |
6.53 |
7.36 |
7.42 |
8.27 |
7.75 |
7.96 |
Leverage Ratio |
|
7.11 |
6.60 |
7.92 |
7.65 |
8.76 |
7.65 |
8.43 |
8.48 |
9.33 |
8.86 |
9.01 |
Compound Leverage Factor |
|
11.78 |
12.47 |
5.95 |
7.65 |
5.63 |
4.63 |
-25.75 |
8.48 |
9.33 |
1.52 |
9.01 |
Debt to Total Capital |
|
87.46% |
84.62% |
88.10% |
86.87% |
89.27% |
88.24% |
87.99% |
89.07% |
89.16% |
88.84% |
89.47% |
Short-Term Debt to Total Capital |
|
74.32% |
71.66% |
74.41% |
73.43% |
76.16% |
72.62% |
70.93% |
72.26% |
74.48% |
69.70% |
71.38% |
Long-Term Debt to Total Capital |
|
13.14% |
12.96% |
13.69% |
13.43% |
13.11% |
15.63% |
17.06% |
16.82% |
14.68% |
19.14% |
18.09% |
Preferred Equity to Total Capital |
|
2.84% |
3.19% |
2.50% |
2.72% |
2.35% |
2.33% |
2.29% |
2.06% |
1.83% |
1.87% |
1.71% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
9.70% |
12.19% |
9.41% |
10.41% |
8.38% |
9.43% |
9.72% |
8.86% |
9.00% |
9.29% |
8.82% |
Debt to EBITDA |
|
-49.10 |
-36.78 |
-42.28 |
-86.99 |
-75.32 |
174.08 |
-36.23 |
-33.82 |
-73.48 |
78.81 |
143.35 |
Net Debt to EBITDA |
|
-46.01 |
-34.80 |
-40.20 |
-84.28 |
-73.04 |
169.10 |
-35.15 |
-32.90 |
-71.83 |
77.01 |
140.46 |
Long-Term Debt to EBITDA |
|
-7.38 |
-5.63 |
-6.57 |
-13.45 |
-11.06 |
30.83 |
-7.03 |
-6.38 |
-12.10 |
16.98 |
28.98 |
Debt to NOPAT |
|
-40.47 |
-51.97 |
-119.40 |
1,736.80 |
203.91 |
399.82 |
-33.93 |
169.97 |
68.89 |
90.04 |
181.47 |
Net Debt to NOPAT |
|
-37.93 |
-49.17 |
-113.52 |
1,682.70 |
197.72 |
388.39 |
-32.91 |
165.38 |
67.34 |
87.99 |
177.82 |
Long-Term Debt to NOPAT |
|
-6.08 |
-7.96 |
-18.55 |
268.57 |
29.94 |
70.80 |
-6.58 |
32.09 |
11.34 |
19.40 |
36.69 |
Noncontrolling Interest Sharing Ratio |
|
17.45% |
17.20% |
18.68% |
19.62% |
22.27% |
20.26% |
19.96% |
19.77% |
19.10% |
18.14% |
17.55% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
10,186 |
17,060 |
-41 |
653 |
-12,272 |
-18,655 |
-6,123 |
-19,242 |
-19,304 |
-17,117 |
-23,844 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
51.97 |
52.98 |
-0.09 |
1.24 |
-19.00 |
-28.01 |
-9.11 |
-27.57 |
-23.54 |
-23.10 |
-34.71 |
Operating Cash Flow to Interest Expense |
|
1.15 |
0.29 |
0.06 |
-0.12 |
-0.08 |
-0.05 |
0.03 |
-0.03 |
0.01 |
0.11 |
0.28 |
Operating Cash Flow Less CapEx to Interest Expense |
|
1.15 |
0.29 |
0.06 |
-0.12 |
-0.08 |
-0.05 |
0.03 |
-0.03 |
0.01 |
0.11 |
0.28 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.01 |
0.01 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
57,595 |
51,162 |
65,463 |
59,982 |
69,440 |
70,229 |
71,441 |
79,190 |
89,090 |
87,468 |
95,335 |
Invested Capital Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.01 |
0.01 |
Increase / (Decrease) in Invested Capital |
|
-10,467 |
-16,499 |
-100 |
-367 |
11,845 |
19,067 |
5,978 |
19,208 |
19,650 |
17,239 |
23,894 |
Enterprise Value (EV) |
|
52,183 |
46,929 |
61,190 |
57,223 |
66,589 |
67,443 |
68,944 |
77,119 |
87,364 |
85,629 |
93,721 |
Market Capitalization |
|
3,338 |
4,337 |
4,724 |
5,108 |
4,847 |
5,608 |
6,320 |
6,853 |
8,082 |
8,060 |
8,512 |
Book Value per Share |
|
$10.69 |
$10.91 |
$10.72 |
$10.48 |
$9.60 |
$9.87 |
$9.89 |
$9.65 |
$10.25 |
$9.18 |
$9.34 |
Tangible Book Value per Share |
|
$9.68 |
$9.99 |
$9.80 |
$9.60 |
$8.73 |
$9.09 |
$9.14 |
$8.93 |
$9.58 |
$8.58 |
$8.75 |
Total Capital |
|
57,595 |
51,162 |
65,463 |
59,982 |
69,440 |
70,229 |
71,441 |
79,190 |
89,090 |
87,468 |
95,335 |
Total Debt |
|
50,373 |
43,292 |
57,671 |
52,104 |
61,990 |
61,972 |
62,863 |
70,538 |
79,434 |
77,706 |
85,293 |
Total Long-Term Debt |
|
7,567 |
6,629 |
8,961 |
8,057 |
9,102 |
10,974 |
12,191 |
13,319 |
13,078 |
16,740 |
17,242 |
Net Debt |
|
47,211 |
40,958 |
54,832 |
50,481 |
60,108 |
60,201 |
60,990 |
68,632 |
77,648 |
75,935 |
83,575 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
385 |
0.00 |
10 |
0.00 |
-35 |
0.00 |
-588 |
14 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
50,373 |
43,292 |
57,671 |
52,104 |
61,990 |
61,972 |
62,863 |
70,538 |
79,434 |
77,706 |
85,293 |
Total Depreciation and Amortization (D&A) |
|
36 |
55 |
120 |
45 |
20 |
16 |
37 |
28 |
69 |
-11 |
39 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
($1.31) |
$1.06 |
($0.31) |
$0.43 |
($0.68) |
$0.61 |
$0.59 |
($0.11) |
$0.39 |
$0.06 |
$0.02 |
Adjusted Weighted Average Basic Shares Outstanding |
|
528.70M |
537M |
579.30M |
598.80M |
622M |
618.40M |
702.20M |
740M |
807.20M |
783.40M |
918.30M |
Adjusted Diluted Earnings per Share |
|
($1.31) |
$1.06 |
($0.31) |
$0.43 |
($0.68) |
$0.61 |
$0.59 |
($0.11) |
$0.39 |
$0.06 |
$0.02 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
528.70M |
537M |
579.30M |
599.70M |
622M |
619.60M |
704.20M |
740M |
810.10M |
786M |
921.90M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
571.62M |
574.66M |
595.71M |
606.08M |
671.11M |
695.02M |
726.93M |
782.46M |
885.64M |
900.42M |
1.02B |
Normalized Net Operating Profit after Tax (NOPAT) |
|
-281 |
393 |
-141 |
200 |
-427 |
288 |
-102 |
-34 |
242 |
85 |
35 |
Normalized NOPAT Margin |
|
0.00% |
126.27% |
0.00% |
64.79% |
0.00% |
40.73% |
0.00% |
0.00% |
64.41% |
11.51% |
44.87% |
Pre Tax Income Margin |
|
0.00% |
180.39% |
0.00% |
92.56% |
0.00% |
58.19% |
0.00% |
0.00% |
92.02% |
16.44% |
64.10% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
-2.05 |
0.92 |
-0.45 |
0.54 |
-0.94 |
1.02 |
-0.22 |
-0.07 |
0.42 |
0.96 |
0.07 |
NOPAT to Interest Expense |
|
-1.44 |
1.74 |
-0.31 |
0.54 |
-0.66 |
0.62 |
-0.22 |
-0.05 |
0.42 |
0.16 |
0.07 |
EBIT Less CapEx to Interest Expense |
|
-2.05 |
0.92 |
-0.45 |
0.54 |
-0.94 |
1.02 |
-0.22 |
-0.07 |
0.42 |
0.96 |
0.07 |
NOPAT Less CapEx to Interest Expense |
|
-1.44 |
1.74 |
-0.31 |
0.54 |
-0.66 |
0.62 |
-0.22 |
-0.05 |
0.42 |
0.16 |
0.07 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
-48.09% |
-73.03% |
-129.57% |
3,076.67% |
316.12% |
648.39% |
140.05% |
264.82% |
101.04% |
143.80% |
281.28% |
Augmented Payout Ratio |
|
-53.32% |
-77.31% |
-136.96% |
3,246.67% |
316.12% |
648.39% |
140.05% |
264.82% |
101.04% |
143.80% |
281.28% |
Key Financial Trends
AGNC Investment (NASDAQ: AGNC) has experienced significant fluctuations in its financial results over the past several quarters and years, reflecting volatility often seen in the mortgage real estate investment trust (REIT) sector. Here are the key takeaways from the latest four years of quarterly financial statements:
- AGNC's total assets have grown from $58.5 billion in Q3 2022 to nearly $95.9 billion in Q1 2025, indicating expansion of its investment portfolio.
- The company maintains a strong equity base, with total equity rising from about $7.2 billion in late 2022 to over $10 billion by Q1 2025.
- Net income attributable to common shareholders showed a dramatic recovery, from significant quarterly losses in 2022 and parts of 2023 to a positive $15 million in Q1 2025.
- Sustained dividend payments of $0.36 per share each quarter demonstrate AGNC's commitment to returning cash to shareholders despite earnings volatility.
- Interest income has consistently outpaced interest expense, but the net interest income fluctuated from losses in some quarters to positive income in others over this period, reflecting interest rate and portfolio yield changes.
- Common share count has risen steadily, from approximately 528 million shares in early 2022 to over 918 million in Q1 2025, likely due to common equity issuances supporting portfolio growth.
- Non-interest expenses, including salaries and operating costs, have remained relatively stable around $20-$30 million per quarter, indicating controlled overhead.
- The company faced substantial realized and unrealized losses on investments at times, including a loss of $81 million in Q1 2025, negatively impacting non-interest income.
- Net income volatility is pronounced, with quarters posting losses as large as several hundred million dollars to profits, reflecting sensitivity to market conditions and investment valuations.
- Cash flows from operating activities have varied widely, including negative results in some quarters, which may pressure liquidity and operational flexibility.
Summary: AGNC Investment has been actively expanding its asset base and equity financing over the last several years, supporting growth in its investment portfolio. The company continues to pay steady dividends, appealing to income-focused investors. However, earnings and cash flow remain volatile due to fluctuations in interest rates and investment valuations, leading to periods of both losses and gains. Retail investors should be mindful of the variable net income and investment gains/losses history, as AGNC’s financial performance is closely tied to market conditions affecting mortgage-backed securities.
08/31/25 05:02 PM ETAI Generated. May Contain Errors.