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AGNC Investment (AGNCO) Financials

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$25.52 -0.08 (-0.29%)
As of 10:44 AM Eastern
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Annual Income Statements for AGNC Investment

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.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 187 595 733 93 628 -362 649 -1,295 32 731
Consolidated Net Income / (Loss)		 215 623 771 129 688 -266 749 -1,190 155 863
Net Income / (Loss) Continuing Operations		 215 623 771 129 688 -266 749 -1,190 155 863
Total Pre-Tax Income 		215 623 771 129 688 -266 749 -1,190 155 863
Total Revenue		 354 728 844 229 771 -173 1,229 -1,116 251 973
Net Interest Income / (Expense)		 1,136 927 769 776 693 845 1,286 965 -246 18
Total Interest Income		 1,466 1,321 1,293 1,949 2,842 1,519 1,361 1,590 2,041 2,949
Investment Securities Interest Income		 1,466 1,321 1,293 1,949 2,842 1,519 1,361 1,590 2,041 2,949
Total Interest Expense		 330 394 524 1,173 2,149 674 75 625 2,287 2,931
Long-Term Debt Interest Expense		 330 394 524 1,173 2,149 674 75 625 2,287 2,931
Total Non-Interest Income		 -782 -199 75 -547 78 -1,018 -57 -2,081 497 955
Other Service Charges		 0.00 8.00 16 54 - 0.00 0.00 0.00 0.00 0.00
Net Realized & Unrealized Capital Gains on Investments		 -782 -207 59 -601 78 -1,018 -57 -2,081 497 955
Total Non-Interest Expense		 139 105 73 100 83 93 88 74 96 110
Salaries and Employee Benefits		 0.00 19 42 45 47 56 54 41 62 74
Other Operating Expenses		 139 86 31 55 36 37 34 33 34 36
Preferred Stock Dividends Declared		 28 28 38 36 60 96 100 105 123 132
Basic Earnings per Share		 $0.54 $1.79 $2.04 $0.21 $1.16 ($0.66) $1.23 ($2.41) $0.05 $0.93
Weighted Average Basic Shares Outstanding		 348.60M 331.90M 358.60M 441.10M 540.60M 551.60M 528.10M 537M 618.40M 783.40M
Diluted Earnings per Share		 $0.54 $1.79 $2.04 $0.21 $1.16 ($0.66) $1.22 ($2.41) $0.05 $0.93
Weighted Average Diluted Shares Outstanding		 348.60M 331.90M 358.70M 441.40M 541.40M 551.60M 530M 537M 619.60M 786M
Weighted Average Basic & Diluted Shares Outstanding		 348.60M 332.40M 359.30M 442.90M 540.94M 537.90M 522.22M 574.66M 695.02M 900.42M
Cash Dividends to Common per Share		 $2.48 $2.30 $2.16 $2.16 $2.00 $1.56 $1.44 $1.44 $1.44 $1.44

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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
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
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
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
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
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
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
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 Corp. has shown significant volatility and mixed performance over the past several quarters, with some notable trends in revenue, expenses, net income, and financial position.

Positive Trends and Highlights:

  • Strong rebound in net income in recent quarters. Q1 2025 reported $50 million net income, recovering from losses in 2024 Q2 and Q1.
  • Increase in total assets from about $58.5 billion in Q3 2022 to nearly $96 billion by Q1 2025, indicating growth in asset base.
  • Growing common equity, rising from approximately $5.6 billion in Q3 2022 to $8.4 billion by Q1 2025, improving shareholder equity.
  • Consistent dividend payments of $0.36 per share each quarter, reflecting stable dividend policy despite earnings volatility.
  • Net cash from continuing operating activities recovered strongly in 2025 Q1 at $192 million after negative cash flows in some 2024 quarters.

Neutral Observations:

  • Total revenue remains quite volatile, driven by swings in net realized and unrealized capital gains/losses on investments, with large losses in some quarters (e.g., Q1 2025: -$81 million) and gains in others (e.g., Q4 2024: +$627 million).
  • Salaries and employee benefits expense is relatively stable around $14-22 million per quarter, showing controlled operating expenses.
  • Cash and restricted cash combined have fluctuated modestly, with Q1 2025 holding around $1.7 billion total, indicating reasonable liquidity.
  • A stable preferred stock dividend around $30-35 million quarterly continues, showing committed payments to preferred shareholders.
  • Issuance and repayment of debt are very large and roughly balanced each quarter, maintaining the company’s leverage but meaning net debt position is managed actively.

Negative Trends and Concerns:

  • Net interest income shows substantial fluctuations with some quarters posting negative net interest income, notably Q3 2024 (-$64 million) and Q2 2024 (-$3 million), indicating margin pressure.
  • Frequent large net realized and unrealized capital losses (several quarters with -$50 million to -$80 million), which weigh on total revenue and net income stability.
  • Overall net income, on a quarterly basis, has been significantly negative during 2023 and early 2024, with losses exceeding $150 million in some quarters, reflecting high earnings volatility.
  • High levels of short-term debt, growing from $42.8 billion in Q3 2022 to $68 billion as of Q1 2025, adding financial risk and interest burden.
  • Retained earnings remain deeply negative (~ -$8.8 billion in Q1 2025), representing accumulated losses over time despite recent recoveries.

Summary: AGNC Investment Corp. has experienced a challenging operating environment over the last couple of years, reflected in volatile earnings largely driven by investment gains and losses. The company has expanded its asset base and maintained stable dividends, but high leverage and earnings variability pose risks. Improvement in operating cash flow and recent net income turn positive suggest potential for recovery, but investors should be cautious of earnings swings and financial leverage.

09/10/25 10:48 AM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About AGNC Investment's Financials

When does AGNC Investment's fiscal year end?

According to the most recent income statement we have on file, AGNC Investment's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has AGNC Investment's net income changed over the last 9 years?

AGNC Investment's net income appears to be on a downward trend, with a most recent value of $863 million in 2024, rising from $215 million in 2015. The previous period was $155 million in 2023.

How has AGNC Investment's revenue changed over the last 9 years?

Over the last 9 years, AGNC Investment's total revenue changed from $354 million in 2015 to $973 million in 2024, a change of 174.9%.

How much debt does AGNC Investment have?

AGNC Investment's total liabilities were at $78.25 billion at the end of 2024, a 23.5% increase from 2023, and a 59.5% increase since 2015.

How much cash does AGNC Investment have?

In the past 9 years, AGNC Investment's cash and equivalents has ranged from $505 million in 2024 to $1.21 billion in 2016, and is currently $505 million as of their latest financial filing in 2024.

How has AGNC Investment's book value per share changed over the last 9 years?

Over the last 9 years, AGNC Investment's book value per share changed from 22.04 in 2015 to 9.18 in 2024, a change of -58.4%.


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This page (NASDAQ:AGNCO) was last updated on 9/10/2025 by MarketBeat.com Staff
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