AGNC Investment Corp.

Real Estate Investment Trusts

AGNCStrained8 of 11 basics passed

$8.68

+0.00%

Market cap $10.3B

$8.68

+0.00%

Market cap $10.3B

AGNC Investment Corp is a real estate investment trust that invests in agency residential mortgage-backed securities. The firm's asset portfolio is comprised of residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S.

It is a $10.3B real estate company. Revenue grew 162.9% over the last year, it keeps 232¢ of every dollar of sales as profit, and its net debt equals ~95.8 years of free cash flow. It trades at 4.5× earnings — near the lowest of its own history.

Website: agnc.com
Location: Bethesda, MD
Employees: 54
Sector: Real Estate

Share price · 3 years

$9.12 → $8.68-4.8%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $978M
Profit: keeps 232¢ of every $1 sold; $2.27B
Free cash flow: cash left after running the business; $886M
Net debt: debt minus cash on hand; $84.9B
P/E: years of profit in the price; 4.5
EPS: earnings per share, TTM; $2.21
Dividend: pays out 54% of profit · 198% of FCF; 17.06%
Shares: up 185% since 2017 — dilution; 1.02B
Volatility: beta vs the market — under 1 swings less; 1.38

Revenue, last 10 years

52-week range

Low $8.46$8.68High $12.17

Today's price is 6% of the way from the year's low to its high.

P/E vs its history5y

4.7×median 12.5×

Higher than 0% of past days — near the lowest of its own history.

Valuation vs own history

P/E

4.7×

100%

P/S

11.1×

58%

EV/EBITDA

44.0×

97%

P/B

0.8×

36%

Share of the last ~5 years that was pricier than today (cheaper than usual). Based on the daily valuation record.

Insider activity · 90 days

-$221Knet selling

Purchases$0

Sales$221K

Insiders trading, last 14d0 buy · 0 sell

Standing in Real Estate

Size$10.3Btop 80%
Revenue growth+56%top 1%
Net margin42%top 13%
Return on equity19%top 18%
P/E4.5×top 1%
Dividend yield17.06%top 1%

Ranked against 46 Real Estate companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong valuation and profitability; Growth, Health, Quality and Moat lag behind.

Valuation75

P/E vs own history0th pct · 25/25
FCF yield8.6% · 25/25
P/S1.9x · 25/25
EV/EBITDA52.0x · 0/25

Growth25

Revenue CAGR-14.9% · 0/25
Net income CAGR22.2% · 25/25
EPS CAGR ~5Yn/a · 0/25
Fwd implied growth-31.6% · 0/25

Profitability75

ROIC1.7% · 5/25
ROE18.7% · 20/25
Net margin231.7% · 25/25
Operating margin42.5% · 25/25

Health25

Altman Zn/a · 0/25
Current ratio0.01 · 0/25
Interest coverageno interest expense · 25/25
Net cash / debtD/A 74% · 0/25

Quality10

Piotroski F4/9 · 10/25
Beneish M5.73 · 0/25
FCF conversionn/a · 0/25
Margin stabilityσ 1285.0% · 0/25

Moat0

ROIC >12% years0/5 yrs · 0/25
Median gross marginn/a · 0/25
FCF-positive yearsn/a · 0/25
Worst-year net marginworst -123.3% · 0/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2025Financial
Best year on record
$1.67B net income
FY2021Financial
Revenue crossed $1B
$1.29B for the year
FY2016Financial
First recorded profitable year
$623M net income

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$5 355 today — price return only

$675.0M revenue in FY2025

Revenue up 162.9% year over year

Profitable 3 years in a row

54 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

High gross margin (45.0%)
Strongly profitable — 231.7% net margin
Revenue growing 162.9% year over year
Strong cash conversion — FCF is 90.6% of revenue

Watch-outs

Loss-making in 2 of the recent years
Net debt equals ~95.8 years of free cash flow

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

8 of 11 checks passed

Revenue growing — the company sells more than a year ago+162.9% YoY
Profitable — makes more than it spends$2.27B TTM
Profit growing — earnings are higher than last year+93.5% YoY
Generates cash — cash left after running and investing$886M TTM
Debt under control — could handle its obligations~95.8y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$10.3B market cap
Not printing shares — share count not ballooning — you keep your slice+85.6% shares over ~5y
Proven track record — years of profitability behind it8/10 profitable years
Financially stable — balance sheet not near distresshealth score 25/100
Pays a dividend — returns cash to shareholdersyield 17.06%
Valuation not extreme — price not wildly above earningsP/E 4.5

Peer comparisonAGNC Investment Corp. vs 6 largest real estate peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
AGNC this company	$10.3B	4.5	+162.9%	231.7%	Strained
WELL Welltower Inc.	$162.5B	108.1	+37.6%	12.1%	Strained
PLD Prologis, Inc.	$123.1B	29.8	+7.3%	45.8%	Strained
EQIX Equinix, Inc.	$101.2B	66.0	+9.6%	15.6%	Strained
AMT American Tower Corporation	$84.5B	25.0	+14.2%	31.1%	Strained
DLR Digital Realty Trust, Inc.	$66.6B	83.0	+17.4%	11.8%	Strained
SPG Simon Property Group, Inc.	$64.7B	14.0	+15.0%	66.5%	Strained

Head-to-head: AGNC vs WELL · AGNC vs PLD · AGNC vs EQIX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 2Buy 6Hold 12

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $978M · net income $2.27B (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

RevenueNet income

Revenue (TTM)

$978M

YoY 162.9%

Net income (TTM)

$2.27B

Margin 231.7%

Gross margin

45.0%

Operating margin

42.5%

P/E ratio

4.5

Dividend yield

17.06%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	0.8	1.3	1.0	-0.2	0.0	0.7
Gross profit	—	—	—	—	—	—
Operating income (EBIT)	—	0.7	-1.2	0.2	0.9	1.7
Net income	-0.3	0.7	-1.2	0.2	0.9	1.7
EPS (diluted)	-0.48	1.41	-2.22	0.25	1.10	1.63

Cash flowFree cash flow $886M · operating cash flow $886M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$886M

Margin 90.6%

Operating cash flow (TTM)

$886M

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	1.7	1.5	1.0	-0.1	0.1	0.7
Capital expenditure	—	—	—	—	—	—
Free cash flow	1.7	1.5	1.0	-0.1	0.1	0.7
FCF margin	206.7%	119.8%	105.0%	—	477.8%	96.7%

Balance sheetAssets $115B · net debt $84.9B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $115B of assets is financed

89%

Liabilities $103B — borrowed moneyEquity $12.4B — owners' stake

Cash vs debt

Total debt $85.3B − cash $450M = net debt $84.9B

Cash on hand covers 1% of debt.

ROE

18.7%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	1.0	1.0	1.0	0.5	0.5	0.5
Total assets	81.8	68.1	51.7	71.6	88.0	115.1
Total liabilities	70.7	57.9	43.9	63.3	78.3	102.7
Total debt	—	47.6	36.5	50.9	61.0	85.3
Equity	11.1	10.3	7.9	8.3	9.8	12.4
Net debt	—	46.6	35.4	50.4	60.5	84.9

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of AGNC on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $8.68 · market cap $10.3B.