A Business at a Glance
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AGNC Investment Corp.
AGNC
$10.9B
Mkt Cap
$10.59
+0.28%
AGNC Investment Corp. (AGNC) has a current P/E ratio of 7.2, compared to its historical median P/E of 7.1. The stock is currently considered Fair based on its historical valuation range.
AGNC Investment Corp. (AGNC) has a 5-year average return on invested capital (ROIC) of -2.8%. This is below average and may indicate limited pricing power.
AGNC Investment Corp. (AGNC) has a market capitalization of $12.2B. It is classified as a large-cap stock.
Yes, AGNC Investment Corp. (AGNC) pays a dividend with a trailing twelve-month yield of 13.90%.
Based on historical P/E analysis, AGNC Investment Corp. (AGNC) appears fair. The current P/E of 7.2 is 2% above its historical median of 7.1. The estimated fair value CAGR (P/E method) is 8.1%.
AGNC Investment Corp. (AGNC) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
AGNC Investment Corp. (AGNC) generated $653 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
AGNC Investment Corp. ("AGNC," the "Company," "we," "us" and "our") was organized on January 7, 2008 and commenced operations on May 20, 2008 following the completion of our initial public offering. Our common stock is traded on The Nasdaq Global Select Market under the symbol "AGNC." We are a leading provider of private capital to the U.S. housing market, enhancing liquidity in the residential real estate mortgage markets and, in turn, facilitating home ownership in the U.S. We invest primarily in Agency residential mortgage-backed securities ("Agency RMBS") on a leveraged basis. These investments consist of residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government-sponsored enterprise, such as the Federal National Mortgage Association ("Fannie Mae") and the Federal Home Loan Mortgage Corporation ("Freddie Mac," and together with Fannie Mae, the "GSEs"), or by a U.S.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 835M | - | - | -246M | 965M | 1.3B |
| Net Income | 1.3B | 1.5B | 731M | 155M | -1.3B | 649M |
| EPS | $1.19 | $1.47 | $0.93 | $0.22 | $-2.41 | $1.22 |
| Free Cash Flow | 0 | 653M | 86M | -118M | 1.0B | 1.5B |
| ROIC | 0.0% | 0.1% | 0.1% | 0.1% | -14.1% | 0.0% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 193.80 | 578.97 | 573.69 | 397.52 | 299.93 | 212.78 |
| Dividends/Share | $1.47 | $1.44 | $1.44 | $1.44 | $1.44 | $1.44 |
| Operating Income | 0 | 4.4B | 3.7B | 2.4B | -670M | 724M |
| Operating Margin | 0.0% | - | - | -992.7% | -69.4% | 56.3% |
| ROE | 10.7% | 13.6% | 8.1% | 1.9% | -14.3% | 6.1% |
| Shares Outstanding | 1,148M | 1,027M | 786M | 694M | 537M | 532M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | N/A | 354M | 728M | 844M | 229M | 771M | 845M | 1.3B | 965M | -246M | N/A | N/A | 835M |
| Gross Margin | N/A | 97.7% | 99.3% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 22M | 23M | 34M | 31M | 55M | 36M | 37M | 34M | 33M | 34M | 36M | 40M | 42M |
| EBIT | 116M | 517M | 989M | 1.3B | 1.3B | 2.8B | 312M | 724M | -670M | 2.4B | 3.7B | 4.4B | 0 |
| Op. Margin | N/A | N/A | N/A | N/A | N/A | N/A | 36.9% | 56.3% | -69.4% | -992.7% | N/A | N/A | 0.0% |
| Net Income | -256M | 187M | 595M | 733M | 93M | 628M | -362M | 649M | -1.3B | 155M | 731M | 1.5B | 1.3B |
| Net Margin | N/A | 52.8% | 81.7% | 86.8% | 40.6% | 81.5% | -42.8% | 50.5% | -134.2% | -63.0% | N/A | N/A | 155.9% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 0.0% | 0.2% | 0.3% | 0.4% | 0.1% | 0.1% | 0.0% | 0.0% | -14.1% | 0.1% | 0.1% | 0.1% | 0.0% |
| ROE | -2.8% | 2.1% | 7.8% | 9.1% | 1.0% | 6.0% | -3.3% | 6.1% | -14.3% | 1.9% | 8.1% | 13.6% | 10.7% |
| ROA | -0.4% | 0.3% | 1.0% | 1.2% | 0.1% | 0.6% | -0.4% | 0.9% | -2.2% | 0.3% | 0.9% | 1.5% | 1.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 1.6B | 1.4B | 1.4B | 1.3B | 1.1B | 1.2B | 1.7B | 1.5B | 1.0B | -118M | 86M | 653M | 848M |
| Free Cash Flow | 1.6B | 1.4B | 1.4B | 1.3B | 1.1B | 1.2B | 1.7B | 1.5B | 1.0B | -118M | 86M | 653M | 0 |
| Owner Earnings | 1.6B | 1.4B | 1.3B | 1.3B | 1.1B | 1.2B | 1.7B | 1.5B | 1.0B | -129M | 68M | 627M | 820M |
| CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Maint. CapEx | 0 | 0 | 2.0M | 3.0M | 25M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Growth CapEx | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 |
| D&A | 0 | 0 | 2.0M | 3.0M | 25M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 1.1B | 902M | 799M | 795M | 974M | 1.1B | 970M | 860M | 869M | 1.0B | 1.2B | 1.6B | 1.7B |
| Dividend Yield | 57.8% | 48.5% | 41.6% | 31.4% | 30.7% | 28.5% | 25.4% | 18.5% | 23.6% | 21.8% | 20.4% | 17.5% | 13.9% |
| Share Buybacks | 74M | 285M | 116M | 0 | 0 | 103M | 378M | 281M | 51M | 0 | 0 | 0 | 0 |
| Buyback Yield | 3.7% | 16.2% | 6.0% | N/A | N/A | 2.3% | 8.7% | 6.2% | 1.5% | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 0 | 0 | 1.0M | 4.0M | 6.0M | 13M | 18M | 19M | 2.0M | 11M | 18M | 26M | 28M |
| Debt Repayment | 305.0B | 389.1B | 221.4B | 471.1B | 2.0T | 4.2T | 3.2T | 2.2T | 2.4T | 3.3T | 5.6T | 7.2T | 7.2T |
| Balance Sheet | |||||||||||||
| Net Debt | 290.5B | 380.1B | 216.8B | 482.8B | 2.0T | 4.2T | 3.1T | 2.2T | 2.4T | 3.3T | 5.6T | 7.2T | 2.4T |
| Cash & Equiv. | 1.7B | 1.1B | 1.2B | 1.0B | 921M | 831M | 1.0B | 998M | 1.0B | 518M | 505M | 450M | 493M |
| Long-Term Debt | 761M | 595M | 460M | 357M | 275M | 228M | 177M | 126M | 95M | 80M | 64M | 56M | N/A |
| Debt/Equity | 31.02 | 47.82 | 29.64 | 55.27 | 205.10 | 383.59 | 282.80 | 212.78 | 299.93 | 397.52 | 573.69 | 578.97 | 193.80 |
| Interest Coverage | 0.3 | 1.6 | 2.5 | 2.4 | 1.1 | 1.3 | 0.5 | 9.7 | -1.1 | 1.1 | 1.2 | 1.5 | 1.5 |
| Equity | 9.4B | 8.0B | 7.4B | 8.8B | 9.9B | 11.0B | 11.1B | 10.3B | 7.9B | 8.3B | 9.8B | 12.4B | 12.2B |
| Total Assets | 67.8B | 57.0B | 56.9B | 70.4B | 109.2B | 113.1B | 81.8B | 68.1B | 51.7B | 71.6B | 88.0B | 115.1B | 118.9B |
| Total Liabilities | 58.3B | 49.0B | 49.5B | 61.6B | 99.3B | 102.0B | 70.7B | 57.9B | 43.9B | 63.3B | 78.3B | 102.7B | 106.7B |
| Intangibles | N/A | 0 | 28M | 25M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -1.7B | -2.4B | -2.5B | -2.6B | -3.4B | -3.9B | -5.1B | -5.2B | -7.3B | -8.1B | -8.6B | -8.5B | -9.1B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | -0.72 | 0.54 | 1.79 | 2.04 | 0.21 | 1.16 | -0.66 | 1.22 | -2.41 | 0.22 | 0.93 | 1.47 | 1.19 |
| Owner EPS | 4.56 | 4.12 | 4.06 | 3.49 | 2.44 | 2.16 | 3.15 | 2.86 | 1.88 | -0.19 | 0.09 | 0.61 | 0.71 |
| Book Value | 26.52 | 23.02 | 22.13 | 24.36 | 22.37 | 20.39 | 20.20 | 19.35 | 14.65 | 11.89 | 12.42 | 12.07 | 10.61 |
| Cash Flow/Share | 4.56 | 4.12 | 4.07 | 3.51 | 2.51 | 2.18 | 3.19 | 2.89 | 1.89 | -0.17 | 0.11 | 0.64 | 1.13 |
| Dividends/Share | 2.61 | 2.48 | 2.30 | 2.16 | 2.16 | 2.00 | 1.56 | 1.44 | 1.44 | 1.44 | 1.44 | 1.44 | 1.47 |
| Shares Out. | 355.6M | 346.3M | 332.4M | 359.3M | 442.9M | 541.4M | 548.5M | 532.0M | 537.3M | 694.3M | 786.0M | 1.0B | 1.1B |
| Valuation | |||||||||||||
| P/E Ratio | N/A | 9.4 | 3.3 | 3.6 | 34.4 | 7.1 | N/A | 7.0 | N/A | 148.1 | 8.5 | 7.2 | 8.9 |
| P/FCF | 1.2 | 1.2 | 1.4 | 2.1 | 2.9 | 3.8 | 2.5 | 3.0 | 3.5 | N/A | 71.8 | 16.7 | N/A |
| EV/EBIT | N/A | 738.5 | 221.2 | 386.2 | N/A | 38.4 | N/A | N/A | N/A | 7.6 | 5.5 | 9.0 | N/A |
| Price/Book | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.6 | 0.6 | 0.9 | 1.0 |
| Price/Sales | N/A | 1.3 | 1.4 | N/A | 13.8 | 5.8 | 4.5 | 3.6 | 3.8 | N/A | N/A | N/A | 14.6 |
| FCF Yield | 81.1% | 81.2% | 69.5% | 47.5% | 34.8% | 26.6% | 40.3% | 33.9% | 28.9% | -2.5% | 1.4% | 6.0% | N/A |
| Market Cap | 2.0B | 1.8B | 1.9B | 2.7B | 3.2B | 4.4B | 4.3B | 4.5B | 3.5B | 4.7B | 6.2B | 10.9B | 12.2B |
| Avg. Price | 5.32 | 5.37 | 5.77 | 7.04 | 7.15 | 7.38 | 6.96 | 8.75 | 6.86 | 6.63 | 7.72 | 8.90 | 10.59 |
| Year-End Price | 5.62 | 5.08 | 5.85 | 7.38 | 7.22 | 8.18 | 7.91 | 8.55 | 6.52 | 7.40 | 7.86 | 10.62 | 10.59 |
AGNC Investment Corp. passes 1 of 9 quality checks, indicating weak fundamentals.
AGNC Investment Corp. trades at 7.2x trailing earnings, compared to its 15-year median P/E of 7.1x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 16.6x vs a median of 3.0x. Total shareholder yield (dividends) is 13.9%. At current prices, the estimated annualized return to fair value is -35.9%.
AGNC Investment Corp. (AGNC) has a debt-to-equity ratio of 578.97. This indicates higher leverage, which may increase financial risk.
AGNC Investment Corp. (AGNC) reported earnings per share (EPS) of $1.47 in its most recent fiscal year.
AGNC Investment Corp. (AGNC) has a return on equity (ROE) of 13.6%. This indicates moderate shareholder returns.
The Ledger Terminal provides 17 years of financial data for AGNC Investment Corp. (AGNC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
AGNC Investment Corp. (AGNC) has a book value per share of $12.07, based on its most recent annual SEC filing.
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