Invesco Mortgage Capital (IVR) Financials

$6.54 +0.09 (+1.32%)

Closing price 04/15/2025 03:59 PM Eastern

Extended Trading

$6.54 -0.01 (-0.15%)

As of 04:11 AM Eastern

Annual Income Statements for Invesco Mortgage Capital

This table shows Invesco Mortgage Capital's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-417	-38	35
Consolidated Net Income / (Loss)	-403	-16	60
Net Income / (Loss) Continuing Operations	-403	-16	60
Total Pre-Tax Income	-403	-16	60
Total Revenue	-378	4.19	79
Net Interest Income / (Expense)	143	50	37
Total Interest Income	195	278	287
Loans and Leases Interest Income	1.95	0.00	0.00
Investment Securities Interest Income	193	278	287
Total Interest Expense	52	228	250
Total Non-Interest Income	-521	-46	43
Net Realized & Unrealized Capital Gains on Investments	-521	-46	43
Provision for Credit Losses	0.00	0.32	0.46
Total Non-Interest Expense	25	20	19
Other Operating Expenses	25	20	19
Preferred Stock Dividends Declared	14	22	25
Basic Earnings per Share	($12.21)	($0.85)	$0.65
Weighted Average Basic Shares Outstanding	34.16M	44.07M	53.77M
Diluted Earnings per Share	($12.21)	($0.85)	$0.65
Weighted Average Diluted Shares Outstanding	34.16M	44.07M	53.78M
Weighted Average Basic & Diluted Shares Outstanding	38.71M	48.46M	61.73M

This table shows Invesco Mortgage Capital'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
Net Income / (Loss) Attributable to Common Shareholders	-95	31	16	-1.40	-74	22	24	-19	35	-5.47
Consolidated Net Income / (Loss)	-101	36	21	4.08	-69	27	29	-13	41	3.51
Net Income / (Loss) Continuing Operations	-101	36	21	4.08	-69	27	29	-13	41	3.51
Total Pre-Tax Income	-101	36	21	4.08	-69	27	29	-13	41	3.51
Total Revenue	-96	41	27	9.38	-64	32	34	-8.32	45	8.52
Net Interest Income / (Expense)	32	26	20	12	9.43	8.30	7.00	8.64	7.51	14
Total Interest Income	50	58	69	71	75	62	69	68	74	76
Total Interest Expense	18	32	50	59	66	54	62	59	66	62
Total Non-Interest Income	-127	16	6.97	-3.03	-73	24	27	-17	38	-5.16
Net Realized & Unrealized Capital Gains on Investments	-127	16	6.97	-3.03	-73	24	27	-17	38	-5.16
Provision for Credit Losses	0.00	-	0.00	0.17	0.04	0.11	0.04	0.26	-0.08	0.24
Total Non-Interest Expense	5.85	5.03	5.07	5.13	4.78	4.75	4.66	4.89	4.69	4.78
Other Operating Expenses	5.85	5.03	5.07	5.13	4.78	4.75	4.66	4.89	4.69	4.78
Preferred Stock Dividends Declared	-6.83	5.86	5.86	5.48	5.43	4.92	5.39	5.30	5.45	8.98
Basic Earnings per Share	($2.78)	$0.90	$0.39	($0.03)	($1.62)	$0.51	$0.49	($0.38)	$0.63	($0.09)
Weighted Average Basic Shares Outstanding	35.35M	34.16M	41.65M	44.58M	48.46M	44.07M	48.83M	54.82M	60.73M	53.77M
Diluted Earnings per Share	($2.78)	$0.90	$0.39	($0.03)	($1.62)	$0.51	$0.49	($0.38)	$0.63	($0.09)
Weighted Average Diluted Shares Outstanding	35.35M	34.16M	41.65M	44.58M	48.46M	44.07M	48.83M	54.82M	60.73M	53.78M
Weighted Average Basic & Diluted Shares Outstanding	35.35M	38.71M	41.65M	44.58M	48.46M	48.46M	48.83M	54.82M	60.73M	61.73M

This table details how cash moves in and out of Invesco Mortgage Capital's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-298	-80	12
Net Cash From Operating Activities	196	238	183
Net Cash From Continuing Operating Activities	196	238	183
Net Income / (Loss) Continuing Operations	-403	-16	60
Consolidated Net Income / (Loss)	-403	-16	60
Provision For Loan Losses	0.00	0.32	0.46
Amortization Expense	-20	-24	-13
Non-Cash Adjustments to Reconcile Net Income	607	285	119
Changes in Operating Assets and Liabilities, net	12	-7.03	16
Net Cash From Investing Activities	2,424	-537	-497
Net Cash From Continuing Investing Activities	2,424	-537	-497
Purchase of Investment Securities	-26,226	-5,993	-2,222
Sale and/or Maturity of Investments	28,177	5,634	1,713
Other Investing Activities, net	473	-178	11
Net Cash From Financing Activities	-2,918	219	327
Net Cash From Continuing Financing Activities	-2,918	219	327
Issuance of Debt	66,872	41,085	38,472
Issuance of Common Equity	82	109	116
Repayment of Debt	-69,625	-40,861	-38,036
Repurchase of Preferred Equity	-115	-8.75	-117
Payment of Dividends	-140	-102	-105
Other Financing Activities, Net	8.07	-2.75	-2.84
Cash Interest Paid	52	243	233

This table details how cash moves in and out of Invesco Mortgage Capital'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
Net Change in Cash & Equivalents	-66	14	-50	105	26	-161	1.87	-17	-15	42
Net Cash From Operating Activities	46	69	67	87	52	32	57	33	31	62
Net Cash From Continuing Operating Activities	46	69	67	87	52	32	57	33	31	62
Net Income / (Loss) Continuing Operations	-101	36	21	4.08	-69	27	29	-13	41	3.51
Consolidated Net Income / (Loss)	-101	36	21	4.08	-69	27	29	-13	41	3.51
Provision For Loan Losses	-	-	0.00	0.17	0.04	0.11	0.04	0.26	-0.08	0.24
Amortization Expense	-6.20	-6.65	-2.39	-2.25	-8.84	-11	-3.04	-3.43	-3.07	-3.20
Non-Cash Adjustments to Reconcile Net Income	157	26	48	66	145	25	18	60	3.06	37
Changes in Operating Assets and Liabilities, net	-3.81	13	0.57	18	-16	-10	13	-11	-9.81	24
Net Cash From Investing Activities	-636	-422	-697	-133	-70	363	37	96	-1,032	401
Net Cash From Continuing Investing Activities	-636	-422	-697	-133	-70	363	37	96	-1,032	401
Purchase of Investment Securities	-6,279	-5,002	-1,450	-943	-2,178	-1,422	-390	-234	-1,288	-309
Sale and/or Maturity of Investments	5,577	4,603	845	782	2,023	1,984	379	354	428	553
Other Investing Activities, net	66	-22	-92	29	85	-199	49	-24	-172	157
Net Cash From Financing Activities	524	367	580	151	43	-556	-93	-146	986	-421
Net Cash From Continuing Financing Activities	524	367	580	151	43	-556	-93	-146	986	-421
Issuance of Debt	15,737	15,186	9,319	7,838	11,781	12,148	8,763	9,186	13,609	6,914
Issuance of Common Equity	39	43	36	31	42	-	3.32	16	89	8.40
Repayment of Debt	-15,112	-14,839	-8,739	-7,693	-11,753	-12,676	-8,827	-9,320	-12,684	-7,205
Repurchase of Preferred Equity	-101	-	0.00	-1.58	-2.72	-4.44	-4.38	-3.42	-1.58	-108
Payment of Dividends	-36	-29	-31	-22	-24	-25	-25	-25	-26	-30
Other Financing Activities, Net	-3.74	4.89	-4.82	-0.24	-0.16	2.48	-2.34	-0.14	0.23	-0.59
Cash Interest Paid	21	20	52	44	81	66	50	66	76	40

This table presents Invesco Mortgage Capital's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	5,097	5,284	5,688
Cash and Due from Banks	176	77	73
Restricted Cash	103	122	137
Trading Account Securities	4,793	5,057	5,451
Loans and Leases, Net of Allowance	0.00	0.00	0.00
Customer and Other Receivables	1.58	0.00	0.58
Other Assets	24	28	26
Total Liabilities & Shareholders' Equity	5,097	5,284	5,688
Total Liabilities	4,293	4,502	4,957
Short-Term Debt	4,235	4,459	4,895
Accrued Interest Payable	21	16	33
Other Short-Term Payables	-	19	25
Long-Term Debt	4.89	2.48	0.00
Other Long-Term Liabilities	33	5.20	5.32
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	804	783	731
Total Preferred & Common Equity	804	783	731
Preferred Stock	299	288	174
Total Common Equity	505	494	556
Common Stock	3,902	4,012	4,128
Retained Earnings	-3,407	-3,518	-3,572
Accumulated Other Comprehensive Income / (Loss)	11	0.70	0.17

This table presents Invesco Mortgage Capital'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
Total Assets	4,686	5,707	5,866	5,831	5,231	5,067	6,082
Cash and Due from Banks	164	102	209	174	60	59	48
Restricted Cash	101	127	125	186	141	125	120
Trading Account Securities	4,368	5,451	5,507	5,444	5,007	4,846	5,886
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	48	25	25	28	24	36	28
Total Liabilities & Shareholders' Equity	4,686	5,707	5,866	5,831	5,231	5,067	6,082
Total Liabilities	3,924	4,873	5,025	5,046	4,446	4,307	5,225
Short-Term Debt	3,891	4,827	4,962	4,995	4,394	4,262	5,185
Accrued Interest Payable	3.77	22	40	27	27	21	11
Other Short-Term Payables	25	19	20	21	21	22	26
Long-Term Debt	0.01	1.57	0.00	0.00	0.41	0.00	0.34
Other Long-Term Liabilities	4.92	3.74	3.55	3.70	3.76	3.22	3.42
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	761	834	841	785	786	759	857
Total Preferred & Common Equity	761	834	841	785	786	759	857
Preferred Stock	299	299	297	294	284	280	279
Total Common Equity	463	535	544	491	502	479	578
Common Stock	3,859	3,938	3,969	4,011	4,015	4,031	4,120
Retained Earnings	-3,413	-3,408	-3,428	-3,521	-3,514	-3,553	-3,542
Accumulated Other Comprehensive Income / (Loss)	17	5.90	2.74	0.88	0.54	0.65	0.36

This table displays calculated financial ratios and metrics derived from Invesco Mortgage Capital's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	-503.82%	101.11%	1,793.56%
EBITDA Growth	-471.92%	90.53%	217.68%
EBIT Growth	-347.69%	96.06%	477.59%
NOPAT Growth	-347.69%	96.06%	639.41%
Net Income Growth	-347.69%	96.06%	477.59%
EPS Growth	-153.32%	93.04%	176.47%
Operating Cash Flow Growth	28.75%	21.27%	-22.97%
Free Cash Flow Firm Growth	2,235.97%	-106.86%	-52.31%
Invested Capital Growth	-39.99%	3.97%	7.27%
Revenue Q/Q Growth	20.77%	-69.25%	-22.87%
EBITDA Q/Q Growth	17.83%	-51.14%	-25.52%
EBIT Q/Q Growth	20.19%	-148.38%	-28.35%
NOPAT Q/Q Growth	20.06%	-140.40%	-28.35%
Net Income Q/Q Growth	20.06%	-140.40%	-28.35%
EPS Q/Q Growth	17.11%	-41.67%	-36.89%
Operating Cash Flow Q/Q Growth	16.29%	-13.66%	19.73%
Free Cash Flow Firm Q/Q Growth	-28.82%	81.35%	-79.68%
Invested Capital Q/Q Growth	8.42%	-9.27%	-6.90%
Profitability Metrics	-	-	-
EBITDA Margin	0.00%	-956.22%	59.42%
EBIT Margin	0.00%	-378.41%	75.46%
Profit (Net Income) Margin	0.00%	-378.41%	75.46%
Tax Burden Percent	100.00%	100.00%	100.00%
Interest Burden Percent	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-0.22%	1.10%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-0.33%	1.10%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-1.78%	6.81%
Return on Equity (ROE)	-36.53%	-2.00%	7.91%
Cash Return on Invested Capital (CROIC)	45.79%	-4.10%	-5.92%
Operating Return on Assets (OROA)	0.00%	-0.31%	1.09%
Return on Assets (ROA)	0.00%	-0.31%	1.09%
Return on Common Equity (ROCE)	-24.50%	-1.26%	5.49%
Return on Equity Simple (ROE_SIMPLE)	-50.11%	-2.03%	8.19%
Net Operating Profit after Tax (NOPAT)	-282	-11	60
NOPAT Margin	0.00%	-264.88%	75.46%
Net Nonoperating Expense Percent (NNEP)	2.15%	0.11%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	0.00%	470.77%	23.97%
Earnings before Interest and Taxes (EBIT)	-403	-16	60
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-423	-40	47
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.60	0.72	0.88
Price to Tangible Book Value (P/TBV)	0.60	0.72	0.88
Price to Revenue (P/Rev)	0.00	85.38	6.16
Price to Earnings (P/E)	0.00	0.00	14.06
Dividend Yield	38.88%	30.47%	19.88%
Earnings Yield	0.00%	0.00%	7.11%
Enterprise Value to Invested Capital (EV/IC)	0.90	0.94	0.95
Enterprise Value to Revenue (EV/Rev)	0.00	1,171.28	67.38
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	113.38
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	89.29
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	89.29
Enterprise Value to Operating Cash Flow (EV/OCF)	23.28	20.64	29.19
Enterprise Value to Free Cash Flow (EV/FCFF)	1.48	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	5.27	5.70	6.70
Long-Term Debt to Equity	0.01	0.00	0.00
Financial Leverage	5.10	5.48	6.18
Leverage Ratio	6.14	6.54	7.25
Compound Leverage Factor	6.14	6.54	7.25
Debt to Total Capital	84.06%	85.07%	87.01%
Short-Term Debt to Total Capital	83.96%	85.03%	87.01%
Long-Term Debt to Total Capital	0.10%	0.05%	0.00%
Preferred Equity to Total Capital	5.92%	5.50%	3.10%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	10.02%	9.42%	9.89%
Debt to EBITDA	-10.02	-111.32	103.79
Net Debt to EBITDA	-9.36	-106.36	99.32
Long-Term Debt to EBITDA	-0.01	-0.06	0.00
Debt to NOPAT	-15.03	-401.86	81.74
Net Debt to NOPAT	-14.04	-383.97	78.22
Long-Term Debt to NOPAT	-0.02	-0.22	0.00
Noncontrolling Interest Sharing Ratio	32.94%	37.01%	30.58%
Liquidity Ratios	-	-	-
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	3,079	-211	-322
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	59.71	-0.93	-1.29
Operating Cash Flow to Interest Expense	3.80	1.04	0.73
Operating Cash Flow Less CapEx to Interest Expense	3.80	1.04	0.73
Efficiency Ratios	-	-	-
Asset Turnover	0.00	0.00	0.01
Fixed Asset Turnover	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-
Invested Capital	5,044	5,244	5,625
Invested Capital Turnover	0.00	0.00	0.01
Increase / (Decrease) in Invested Capital	-3,361	200	381
Enterprise Value (EV)	4,564	4,909	5,347
Market Capitalization	305	358	489
Book Value per Share	$14.30	$10.20	$9.16
Tangible Book Value per Share	$14.30	$10.20	$9.16
Total Capital	5,044	5,244	5,625
Total Debt	4,240	4,461	4,895
Total Long-Term Debt	4.89	2.48	0.00
Net Debt	3,961	4,263	4,684
Capital Expenditures (CapEx)	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	121	4.76	0.00
Net Nonoperating Obligations (NNO)	4,240	4,461	4,895
Total Depreciation and Amortization (D&A)	-20	-24	-13
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($12.21)	($0.85)	$0.65
Adjusted Weighted Average Basic Shares Outstanding	34.16M	44.07M	53.77M
Adjusted Diluted Earnings per Share	($12.21)	($0.85)	$0.65
Adjusted Weighted Average Diluted Shares Outstanding	34.16M	44.07M	53.78M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	38.71M	48.46M	61.73M
Normalized Net Operating Profit after Tax (NOPAT)	-282	-11	42
Normalized NOPAT Margin	0.00%	-264.88%	52.82%
Pre Tax Income Margin	0.00%	-378.41%	75.46%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-7.81	-0.07	0.24
NOPAT to Interest Expense	-5.47	-0.05	0.24
EBIT Less CapEx to Interest Expense	-7.81	-0.07	0.24
NOPAT Less CapEx to Interest Expense	-5.47	-0.05	0.24
Payout Ratios	-	-	-
Dividend Payout Ratio	-34.82%	-644.37%	176.13%
Augmented Payout Ratio	-34.82%	-644.37%	176.13%

This table displays calculated financial ratios and metrics derived from Invesco Mortgage Capital'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
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-246.47%	172.21%	112.00%	109.16%	33.27%	-22.74%	27.47%	-188.67%	171.08%	-73.41%
EBITDA Growth	-278.63%	148.09%	108.34%	101.57%	28.05%	-44.77%	36.80%	-1,022.00%	148.62%	-98.12%
EBIT Growth	-275.85%	155.69%	109.40%	103.72%	32.37%	-25.40%	35.68%	-430.21%	159.36%	-87.11%
NOPAT Growth	-223.09%	180.57%	113.42%	105.32%	32.37%	-25.40%	35.68%	-331.15%	184.80%	-87.11%
Net Income Growth	-275.85%	156.40%	109.40%	103.72%	32.37%	-25.40%	35.68%	-430.21%	159.36%	-87.11%
EPS Growth	-267.47%	133.96%	105.43%	99.15%	41.73%	-43.33%	25.64%	-1,166.67%	138.89%	-117.65%
Operating Cash Flow Growth	24.41%	65.64%	67.34%	113.03%	13.84%	-54.30%	-14.39%	-61.91%	-41.13%	95.30%
Free Cash Flow Firm Growth	263.50%	2,171.74%	-44.48%	-131.30%	-125.52%	-105.09%	-63.49%	150.35%	81.13%	-118.68%
Invested Capital Growth	-50.14%	-39.99%	-19.60%	36.06%	24.24%	3.97%	-8.53%	-13.47%	4.54%	7.27%
Revenue Q/Q Growth	6.66%	143.42%	-36.06%	-64.65%	-780.05%	150.27%	5.49%	-124.59%	645.20%	-81.20%
EBITDA Q/Q Growth	7.75%	127.70%	-36.04%	-90.39%	-4,327.07%	121.26%	58.45%	-164.75%	322.92%	-99.18%
EBIT Q/Q Growth	7.40%	135.95%	-41.13%	-81.00%	-1,782.17%	139.65%	7.07%	-146.24%	402.39%	-91.39%
NOPAT Q/Q Growth	7.40%	151.35%	-41.13%	-81.00%	-1,277.52%	156.64%	7.07%	-132.37%	531.99%	-91.39%
Net Income Q/Q Growth	7.40%	135.95%	-41.13%	-81.00%	-1,782.17%	139.65%	7.07%	-146.24%	402.39%	-91.39%
EPS Q/Q Growth	21.02%	132.37%	-56.67%	-107.69%	-5,300.00%	131.48%	-3.92%	-177.55%	265.79%	-114.29%
Operating Cash Flow Q/Q Growth	13.19%	50.63%	-3.08%	28.91%	-39.51%	-39.52%	81.55%	-42.65%	-6.51%	100.64%
Free Cash Flow Firm Q/Q Growth	-5.99%	-26.26%	-58.73%	-209.40%	23.36%	85.30%	396.16%	50.86%	-128.73%	-70.38%
Invested Capital Q/Q Growth	9.08%	8.42%	12.27%	2.48%	-0.40%	-9.27%	-1.22%	-3.06%	20.33%	-6.90%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	0.00%	71.84%	71.87%	19.54%	0.00%	51.36%	77.14%	0.00%	83.06%	3.63%
EBIT Margin	0.00%	87.87%	80.90%	43.48%	0.00%	84.85%	86.11%	0.00%	89.82%	41.14%
Profit (Net Income) Margin	0.00%	87.87%	80.90%	43.48%	0.00%	84.85%	86.11%	0.00%	89.82%	41.14%
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%	100.00%	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)	0.00%	0.00%	0.00%	0.00%	0.00%	0.07%	0.18%	0.00%	1.56%	0.60%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.07%	0.18%	0.00%	1.56%	0.60%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.38%	1.04%	0.00%	9.69%	3.71%
Return on Equity (ROE)	-45.46%	-36.53%	-15.60%	-4.38%	0.00%	0.45%	1.22%	-3.22%	11.26%	4.31%
Cash Return on Invested Capital (CROIC)	61.87%	45.79%	20.05%	-31.10%	-21.70%	-4.10%	8.80%	14.11%	-3.03%	-5.92%
Operating Return on Assets (OROA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.07%	0.18%	0.00%	1.55%	0.60%
Return on Assets (ROA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.07%	0.18%	0.00%	1.55%	0.60%
Return on Common Equity (ROCE)	-30.56%	-24.50%	-9.82%	-2.66%	0.00%	0.28%	0.78%	-2.06%	7.33%	2.99%
Return on Equity Simple (ROE_SIMPLE)	-66.21%	0.00%	-18.35%	-4.69%	-0.84%	0.00%	-1.04%	-3.39%	9.75%	0.00%
Net Operating Profit after Tax (NOPAT)	-71	36	21	4.08	-48	27	29	-9.43	41	3.51
NOPAT Margin	0.00%	87.87%	80.90%	43.48%	0.00%	84.85%	86.11%	0.00%	89.82%	41.14%
Net Nonoperating Expense Percent (NNEP)	0.52%	0.00%	0.00%	0.00%	0.46%	0.00%	0.00%	0.09%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	0.00%	12.13%	19.10%	54.71%	0.00%	14.82%	13.77%	0.00%	10.35%	56.10%
Earnings before Interest and Taxes (EBIT)	-101	36	21	4.08	-69	27	29	-13	41	3.51
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-108	30	19	1.83	-77	16	26	-17	38	0.31
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.56	0.60	0.63	0.74	0.73	0.72	0.86	0.91	0.85	0.88
Price to Tangible Book Value (P/TBV)	0.56	0.60	0.63	0.74	0.73	0.72	0.86	0.91	0.85	0.88
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	26.27	85.38	37.45	0.00	4.78	6.16
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	7.87	14.06
Dividend Yield	46.22%	38.88%	35.74%	31.16%	37.36%	30.47%	25.36%	17.84%	17.83%	19.88%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	12.71%	7.11%
Enterprise Value to Invested Capital (EV/IC)	0.90	0.90	0.92	0.92	0.91	0.94	0.95	0.96	0.96	0.95
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	387.89	1,171.28	427.57	0.00	56.25	67.38
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	91.41	113.38
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	69.25	89.29
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	69.25	89.29
Enterprise Value to Operating Cash Flow (EV/OCF)	24.80	23.28	23.46	19.80	19.20	20.64	21.51	27.49	37.83	29.19
Enterprise Value to Free Cash Flow (EV/FCFF)	0.97	1.48	4.11	0.00	0.00	0.00	10.29	6.28	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	5.11	5.27	5.79	5.90	6.36	5.70	5.59	5.61	6.05	6.70
Long-Term Debt to Equity	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	5.31	5.10	5.48	4.59	5.75	5.48	5.69	5.76	6.20	6.18
Leverage Ratio	6.34	6.14	6.52	5.65	6.80	6.54	6.75	6.83	7.26	7.25
Compound Leverage Factor	6.34	6.14	6.52	5.65	6.80	6.54	6.75	6.83	7.26	7.25
Debt to Total Capital	83.64%	84.06%	85.27%	85.51%	86.42%	85.07%	84.83%	84.88%	85.82%	87.01%
Short-Term Debt to Total Capital	83.64%	83.96%	85.24%	85.51%	86.42%	85.03%	84.83%	84.88%	85.81%	87.01%
Long-Term Debt to Total Capital	0.00%	0.10%	0.03%	0.00%	0.00%	0.05%	0.01%	0.00%	0.01%	0.00%
Preferred Equity to Total Capital	6.42%	5.92%	5.28%	5.11%	5.08%	5.50%	5.48%	5.58%	4.61%	3.10%
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	9.94%	10.02%	9.46%	9.38%	8.50%	9.42%	9.68%	9.54%	9.57%	9.89%
Debt to EBITDA	-7.56	-10.02	-27.53	-87.45	-188.37	-111.32	-132.93	-82.31	81.90	103.79
Net Debt to EBITDA	-7.04	-9.36	-26.22	-81.57	-174.80	-106.36	-126.87	-78.77	79.24	99.32
Long-Term Debt to EBITDA	0.00	-0.01	-0.01	0.00	0.00	-0.06	-0.01	0.00	0.01	0.00
Debt to NOPAT	-11.03	-15.03	-45.07	-179.80	-1,081.58	-401.86	-765.56	-236.50	62.04	81.74
Net Debt to NOPAT	-10.28	-14.04	-42.94	-167.70	-1,003.68	-383.97	-730.63	-226.33	60.03	78.22
Long-Term Debt to NOPAT	0.00	-0.02	-0.01	0.00	0.00	-0.22	-0.07	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	32.77%	32.94%	37.04%	39.36%	0.00%	37.01%	35.97%	36.06%	34.86%	30.58%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	4,607	3,397	1,402	-1,534	-1,175	-173	512	772	-222	-378
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	255.83	105.50	28.20	-25.99	-17.89	-3.21	8.31	13.00	-3.35	-6.05
Operating Cash Flow to Interest Expense	2.55	2.15	1.35	1.47	0.80	0.59	0.93	0.56	0.46	0.99
Operating Cash Flow Less CapEx to Interest Expense	2.55	2.15	1.35	1.47	0.80	0.59	0.93	0.56	0.46	0.99
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02	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	4,652	5,044	5,663	5,803	5,780	5,244	5,180	5,021	6,042	5,625
Invested Capital Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.01
Increase / (Decrease) in Invested Capital	-4,678	-3,361	-1,381	1,538	1,127	200	-483	-782	263	381
Enterprise Value (EV)	4,183	4,564	5,234	5,326	5,287	4,909	4,908	4,797	5,787	5,347
Market Capitalization	257	305	336	401	358	358	430	438	492	489
Book Value per Share	$14.00	$14.30	$13.83	$13.07	$11.02	$10.20	$10.27	$9.81	$10.55	$9.16
Tangible Book Value per Share	$14.00	$14.30	$13.83	$13.07	$11.02	$10.20	$10.27	$9.81	$10.55	$9.16
Total Capital	4,652	5,044	5,663	5,803	5,780	5,244	5,180	5,021	6,042	5,625
Total Debt	3,891	4,240	4,829	4,962	4,995	4,461	4,394	4,262	5,185	4,895
Total Long-Term Debt	0.01	4.89	1.57	0.00	0.00	2.48	0.41	0.00	0.34	0.00
Net Debt	3,627	3,961	4,600	4,628	4,635	4,263	4,194	4,079	5,017	4,684
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)	30	0.00	0.00	0.00	21	0.00	0.00	4.04	0.00	0.00
Net Nonoperating Obligations (NNO)	3,891	4,240	4,829	4,962	4,995	4,461	4,394	4,262	5,185	4,895
Total Depreciation and Amortization (D&A)	-6.20	-6.65	-2.39	-2.25	-8.84	-11	-3.04	-3.43	-3.07	-3.20
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($2.78)	$0.90	$0.39	($0.03)	($1.62)	$0.51	$0.49	($0.38)	$0.63	($0.09)
Adjusted Weighted Average Basic Shares Outstanding	35.35M	34.16M	41.65M	44.58M	48.46M	44.07M	48.83M	54.82M	60.73M	53.77M
Adjusted Diluted Earnings per Share	($2.78)	$0.90	$0.39	($0.03)	($1.62)	$0.51	$0.49	($0.38)	$0.63	($0.09)
Adjusted Weighted Average Diluted Shares Outstanding	35.35M	34.16M	41.65M	44.58M	48.46M	44.07M	48.83M	54.82M	60.73M	53.78M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.90	$0.00	$0.00	$0.00	$0.51	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	35.35M	38.71M	41.65M	44.58M	48.46M	48.46M	48.83M	54.82M	60.73M	61.73M
Normalized Net Operating Profit after Tax (NOPAT)	-71	26	15	2.85	-48	19	20	-9.43	29	2.45
Normalized NOPAT Margin	0.00%	61.51%	56.63%	30.44%	0.00%	59.39%	60.28%	0.00%	62.88%	28.80%
Pre Tax Income Margin	0.00%	87.87%	80.90%	43.48%	0.00%	84.85%	86.11%	0.00%	89.82%	41.14%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-5.63	1.13	0.43	0.07	-1.04	0.51	0.47	-0.23	0.61	0.06
NOPAT to Interest Expense	-3.94	1.13	0.43	0.07	-0.73	0.51	0.47	-0.16	0.61	0.06
EBIT Less CapEx to Interest Expense	-5.63	1.13	0.43	0.07	-1.04	0.51	0.47	-0.23	0.61	0.06
NOPAT Less CapEx to Interest Expense	-3.94	1.13	0.43	0.07	-0.73	0.51	0.47	-0.16	0.61	0.06
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-29.35%	-34.82%	-87.06%	-299.16%	-1,606.31%	-644.37%	-1,172.39%	-383.29%	120.61%	176.13%
Augmented Payout Ratio	-29.35%	-34.82%	-87.06%	-299.16%	-1,606.31%	-644.37%	-1,172.39%	-383.29%	120.61%	176.13%

Frequently Asked Questions About Invesco Mortgage Capital's Financials

When does Invesco Mortgage Capital's fiscal year end?

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

How has Invesco Mortgage Capital's net income changed over the last 2 years?

Invesco Mortgage Capital's net income appears to be on a downward trend, with a most recent value of $59.88 million in 2024, falling from -$402.92 million in 2022. The previous period was -$15.86 million in 2023.

How has Invesco Mortgage Capital revenue changed over the last 2 years?

Over the last 2 years, Invesco Mortgage Capital's total revenue changed from -$377.60 million in 2022 to $79.36 million in 2024, a change of -121.0%.

How much debt does Invesco Mortgage Capital have?

Invesco Mortgage Capital's total liabilities were at $4.96 billion at the end of 2024, a 10.1% increase from 2023, and a 15.5% increase since 2022.

How much cash does Invesco Mortgage Capital have?

In the past 2 years, Invesco Mortgage Capital's cash and equivalents has ranged from $73.40 million in 2024 to $175.54 million in 2022, and is currently $73.40 million as of their latest financial filing in 2024.

How has Invesco Mortgage Capital's book value per share changed over the last 2 years?

Over the last 2 years, Invesco Mortgage Capital's book value per share changed from 14.30 in 2022 to 9.16 in 2024, a change of -35.9%.

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This page (NYSE:IVR) was last updated on 4/16/2025 by MarketBeat.com Staff

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Invesco Mortgage Capital (IVR) Financials

Frequently Asked Questions About Invesco Mortgage Capital's Financials

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Invesco Mortgage Capital (IVR) Financials

Annual Income Statements for Invesco Mortgage Capital

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