A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
Invesco Mortgage Capital Inc.
IVR
$506M
Mkt Cap
$7.58
-0.79%
Invesco Mortgage Capital Inc. (IVR) has a current P/E ratio of 5.7, compared to its historical median P/E of 2.8. The stock is currently considered Fair based on its historical valuation range.
Invesco Mortgage Capital Inc. (IVR) has a 5-year average return on invested capital (ROIC) of -9.1%. This is below average and may indicate limited pricing power.
Invesco Mortgage Capital Inc. (IVR) has a market capitalization of $663M. It is classified as a small-cap stock.
Yes, Invesco Mortgage Capital Inc. (IVR) pays a dividend with a trailing twelve-month yield of 19.22%.
Based on historical P/E analysis, Invesco Mortgage Capital Inc. (IVR) appears fair. The current P/E of 5.7 is 109% above its historical median of 2.8. The estimated fair value CAGR (P/E method) is -36.2%.
Invesco Mortgage Capital Inc. (IVR) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
Invesco Mortgage Capital Inc. (IVR) reported annual revenue of $75 million in its most recent fiscal year, based on SEC EDGAR filings.
Our Company Invesco Mortgage Capital Inc. (the “Company” or “we”) is a Maryland corporation primarily focused on investing in, financing and managing mortgage-backed securities (“MBS”) and other mortgage-related assets. Our objective is to provide attractive risk-adjusted returns to our stockholders, primarily through dividends and secondarily through capital appreciation. As of December 31, 2025, we were invested in: •residential mortgage-backed securities (“RMBS”) that are guaranteed by a U.S. government agency such as the Government National Mortgage Association (“Ginnie Mae”), or a federally chartered corporation such as the Federal National Mortgage Association (“Fannie Mae” or “FNMA”) or the Federal Home Loan Mortgage Corporation (“Freddie Mac” or “FHLMC”) (collectively “Agency RMBS”); and •commercial mortgage-backed securities (“CMBS”) that are guaranteed by a U.S.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 84M | 75M | 37M | 50M | - | 180M |
| Net Income | 49M | 88M | 35M | -38M | -417M | -132M |
| EPS | $0.71 | $1.32 | $0.65 | $-0.85 | $-12.21 | $-48.20 |
| Free Cash Flow | 0 | 157M | 183M | 238M | 196M | 152M |
| ROIC | 0.0% | 0.8% | 0.7% | 0.3% | -37.8% | -9.6% |
| Gross Margin | - | - | - | - | - | 88.3% |
| Debt/Equity | 16.53 | 60.64 | 52.65 | 52.49 | 83.17 | 58.73 |
| Dividends/Share | $1.46 | $1.60 | $1.97 | $2.31 | $4.11 | $48.42 |
| Operating Income | 0 | 308M | 284M | 191M | -365M | -121M |
| Operating Margin | 0.0% | - | - | - | - | -67.1% |
| ROE | 5.6% | 11.5% | 4.6% | -4.7% | -37.8% | -9.6% |
| Shares Outstanding | 87M | 67M | 53M | 44M | 34M | 3M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | -168M | 372M | 321M | 348M | 304M | 306M | N/A | 180M | N/A | 50M | 37M | 75M | 84M |
| Gross Margin | N/A | 89.6% | 86.8% | 82.4% | 78.3% | 87.5% | N/A | 88.3% | 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 | 9.2M | 7.8M | 7.3M | 7.2M | 7.1M | 8.0M | 11M | 8.2M | 8.4M | 7.4M | 7.2M | 7.3M | 7.5M |
| EBIT | 49M | 368M | 389M | 517M | 224M | 792M | -1.6B | -121M | -365M | 191M | 284M | 308M | 0 |
| Op. Margin | -29.5% | 98.8% | N/A | N/A | 73.5% | N/A | N/A | -67.1% | N/A | N/A | N/A | N/A | 0.0% |
| Net Income | -232M | 90M | 232M | 321M | -115M | 320M | -1.7B | -132M | -417M | -38M | 35M | 88M | 49M |
| Net Margin | 138.7% | 24.1% | 72.1% | 92.0% | -37.9% | 104.5% | N/A | -73.4% | N/A | -75.5% | 94.4% | 116.9% | 58.3% |
| Non-Recurring | 0 | 0 | 8.9M | 12M | 7.8M | 7.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 0.0% | 0.3% | 0.3% | 0.4% | 0.1% | 0.6% | -14.6% | -9.6% | -37.8% | 0.3% | 0.7% | 0.8% | 0.0% |
| ROE | -9.3% | 3.7% | 10.3% | 13.2% | -4.7% | 12.3% | -80.0% | -9.6% | -37.8% | -4.7% | 4.6% | 11.5% | 5.6% |
| ROA | -1.1% | 0.5% | 1.4% | 1.9% | -0.6% | 1.6% | -11.1% | -1.6% | -6.2% | -0.7% | 0.6% | 1.4% | 0.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 380M | 359M | 296M | 291M | 304M | 343M | 170M | 152M | 196M | 238M | 183M | 157M | 164M |
| Free Cash Flow | 380M | 359M | 296M | 291M | 304M | 343M | 170M | 152M | 196M | 238M | 183M | 157M | 0 |
| Owner Earnings | 379M | 358M | 288M | 266M | 279M | 343M | 170M | 152M | 195M | 237M | 183M | 156M | 164M |
| CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Maint. CapEx | 0 | 0 | 7.8M | 24M | 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 | 7.8M | 24M | 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 | 265M | 239M | 204M | 213M | 234M | 271M | 137M | 133M | 140M | 102M | 105M | 107M | 127M |
| Dividend Yield | 60.6% | 56.9% | 47.1% | 37.0% | 39.5% | 34.8% | 27.6% | 319.2% | 47.3% | 35.5% | 30.8% | 23.6% | 19.2% |
| Share Buybacks | 21M | 126M | 25M | 0 | 1.1M | 0 | 0 | 140M | 115M | 0 | 0 | 0 | 0 |
| Buyback Yield | 4.8% | 31.5% | 5.1% | N/A | 0.2% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 532K | 557K | 440K | 548K | 570K | 522K | 518K | 616K | 613K | 569K | 586K | 687K | 668K |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 142.4B | 138.8B | 125.1B | 150.9B | 145.9B | 128.9B | 75.4B | 81.9B | 66.7B | 41.0B | 38.4B | 42.0B | 14.4B |
| Cash & Equiv. | 164M | 53M | 162M | 88M | 136M | 173M | 148M | 357M | 176M | 77M | 73M | 56M | 53M |
| Long-Term Debt | 1.5B | 336M | 13.2B | 15.9B | 15.3B | 19.2B | N/A | N/A | N/A | N/A | N/A | N/A | 14.5B |
| Debt/Equity | 54.63 | 63.01 | 62.58 | 61.87 | 66.40 | 51.44 | 55.37 | 58.73 | 83.17 | 52.49 | 52.65 | 60.64 | 16.53 |
| Interest Coverage | 0.2 | 1.3 | 2.5 | 2.6 | 0.7 | 1.7 | -19.9 | -10.7 | -7.1 | 0.8 | 1.1 | 1.4 | 1.4 |
| Equity | 2.6B | 2.2B | 2.2B | 2.6B | 2.3B | 2.9B | 1.4B | 1.4B | 804M | 783M | 731M | 798M | 876M |
| Total Assets | 21.2B | 16.8B | 15.7B | 18.7B | 17.8B | 22.3B | 8.6B | 8.4B | 5.1B | 5.3B | 5.7B | 6.5B | 6.3B |
| Total Liabilities | 18.6B | 14.5B | 13.4B | 16.0B | 15.5B | 19.4B | 7.3B | 7.0B | 4.3B | 4.5B | 5.0B | 5.7B | 5.4B |
| Intangibles | 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 |
| Retained Earnings | -633M | -771M | -718M | -579M | -882M | -814M | -2.6B | -2.9B | -3.4B | -3.5B | -3.6B | -3.6B | -3.6B |
| Working Capital | N/A | N/A | N/A | -1.6M | N/A | 115M | 243M | 218M | N/A | N/A | 136M | 109M | 109M |
| Current Assets | N/A | N/A | N/A | 620K | 0 | 117M | 245M | 220M | 103M | 122M | 137M | 110M | 110M |
| Current Liabilities | 2.4M | 2.4M | 1.5M | 2.2M | 1.7M | 1.6M | 1.4M | 1.9M | N/A | N/A | 1.6M | 1.6M | 1.8M |
| Per Share Data | |||||||||||||
| EPS | -18.90 | 7.40 | 19.80 | 27.50 | -10.30 | 24.20 | -84.58 | -48.20 | -12.21 | -0.85 | 0.65 | 1.32 | 0.71 |
| Owner EPS | 30.83 | 29.49 | 24.59 | 22.84 | 24.90 | 25.95 | 8.36 | 55.19 | 5.72 | 5.37 | 3.41 | 2.34 | 1.87 |
| Book Value | 212.25 | 184.58 | 191.68 | 225.69 | 204.42 | 221.95 | 67.27 | 510.15 | 23.55 | 17.72 | 13.66 | 11.94 | 10.02 |
| Cash Flow/Share | 30.87 | 29.53 | 25.29 | 24.93 | 27.20 | 25.99 | 8.39 | 55.41 | 5.74 | 5.38 | 3.42 | 2.35 | 0.56 |
| Dividends/Share | 21.51 | 19.71 | 17.49 | 16.30 | 16.80 | 18.50 | 6.50 | 48.42 | 4.11 | 2.31 | 1.97 | 1.60 | 1.46 |
| Shares Out. | 12.3M | 12.1M | 11.7M | 11.7M | 11.2M | 13.2M | 20.3M | 2.7M | 34.1M | 44.2M | 53.5M | 66.8M | 87.5M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | 4.4 | 2.1 | 2.1 | N/A | 2.8 | N/A | N/A | N/A | N/A | 9.8 | 6.1 | 10.6 |
| P/FCF | 1.2 | 1.1 | 1.7 | 2.3 | 1.9 | 2.6 | 1.6 | 0.2 | 1.2 | 1.1 | 1.9 | 3.4 | N/A |
| EV/EBIT | 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 |
| Price/Book | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.2 | 0.3 | 0.3 | 0.3 | 0.5 | 0.7 | 0.8 |
| Price/Sales | N/A | 2.5 | 1.5 | 1.4 | N/A | 1.9 | N/A | 2.3 | N/A | 5.8 | 9.3 | 6.0 | 7.9 |
| FCF Yield | 86.0% | 90.1% | 60.5% | 43.5% | 52.2% | 39.0% | 70.9% | 42.7% | 81.1% | 87.4% | 53.7% | 29.3% | N/A |
| Market Cap | 442M | 398M | 489M | 669M | 583M | 880M | 240M | 356M | 242M | 272M | 341M | 537M | 663M |
| Avg. Price | 35.50 | 34.64 | 37.14 | 49.35 | 53.00 | 58.98 | 24.55 | 15.17 | 8.69 | 6.51 | 6.40 | 6.79 | 7.58 |
| Year-End Price | 35.81 | 32.79 | 41.84 | 57.37 | 52.15 | 66.63 | 13.83 | 12.97 | 7.08 | 6.16 | 6.37 | 8.03 | 7.58 |
Invesco Mortgage Capital Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
Invesco Mortgage Capital Inc. trades at 5.7x trailing earnings, compared to its 15-year median P/E of 2.8x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 3.2x vs a median of 1.8x. The company's 5-year average gross margin is 88.3%. Total shareholder yield (dividends) is 19.2%. At current prices, the estimated annualized return to fair value is -27.1%.
Invesco Mortgage Capital Inc. (IVR) has a net profit margin of 116.9%. This is a strong margin indicating high profitability.
Invesco Mortgage Capital Inc. (IVR) generated $157 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Invesco Mortgage Capital Inc. (IVR) has a debt-to-equity ratio of 60.64. This indicates higher leverage, which may increase financial risk.
Invesco Mortgage Capital Inc. (IVR) reported earnings per share (EPS) of $1.32 in its most recent fiscal year.
Invesco Mortgage Capital Inc. (IVR) has a return on equity (ROE) of 11.5%. This indicates moderate shareholder returns.
Invesco Mortgage Capital Inc. (IVR) has a 5-year average gross margin of 88.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for Invesco Mortgage Capital Inc. (IVR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Invesco Mortgage Capital Inc. (IVR) has a book value per share of $11.94, based on its most recent annual SEC filing.