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Side-by-side financial comparison of ACV Auctions Inc. (ACVA) and PennyMac Mortgage Investment Trust (PMT). Click either name above to swap in a different company.
ACV Auctions Inc. is the larger business by last-quarter revenue ($183.6M vs $93.6M, roughly 2.0× PennyMac Mortgage Investment Trust). On growth, ACV Auctions Inc. posted the faster year-over-year revenue change (15.1% vs -13.3%). Over the past eight quarters, PennyMac Mortgage Investment Trust's revenue compounded faster (12.3% CAGR vs 12.3%).
ACV Auctions Inc.ACVAEarnings & Financial Report
ACV Auctions Inc. operates a leading digital wholesale vehicle auction platform serving automotive dealers across the U.S. and Canada. It offers end-to-end services including transparent vehicle inspections, secure payment processing, and logistics support, enabling efficient trading of used vehicles between registered wholesale buyers and sellers.
PennyMac Mortgage Investment Trust is a U.S.-headquartered real estate investment trust specializing in residential mortgage assets. It invests in performing and non-performing mortgage loans, mortgage-backed securities, and credit risk transfer instruments, operating across investment management and mortgage servicing segments in the U.S. housing market.
ACVA vs PMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.6M | $93.6M |
| Net Profit | — | $52.4M |
| Gross Margin | — | — |
| Operating Margin | -9.7% | 38.6% |
| Net Margin | — | 56.0% |
| Revenue YoY | 15.1% | -13.3% |
| Net Profit YoY | — | 12.5% |
| EPS (diluted) | $-0.12 | $0.49 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $183.6M | $93.6M | ||
| Q3 25 | $199.6M | $99.2M | ||
| Q2 25 | $193.7M | $70.2M | ||
| Q1 25 | $182.7M | $44.5M | ||
| Q4 24 | $159.5M | $107.9M | ||
| Q3 24 | $171.3M | $80.9M | ||
| Q2 24 | $160.6M | $71.2M | ||
| Q1 24 | $145.7M | $74.2M |
| Q4 25 | — | $52.4M | ||
| Q3 25 | $-24.5M | $58.3M | ||
| Q2 25 | $-7.3M | $7.5M | ||
| Q1 25 | $-14.8M | $9.7M | ||
| Q4 24 | — | $46.5M | ||
| Q3 24 | $-16.0M | $41.4M | ||
| Q2 24 | $-17.1M | $25.4M | ||
| Q1 24 | $-20.5M | $47.6M |
| Q4 25 | -9.7% | 38.6% | ||
| Q3 25 | -11.9% | 47.4% | ||
| Q2 25 | -3.7% | 24.2% | ||
| Q1 25 | -7.9% | -14.2% | ||
| Q4 24 | -16.2% | 51.1% | ||
| Q3 24 | -10.0% | 32.8% | ||
| Q2 24 | -11.6% | 40.2% | ||
| Q1 24 | -15.5% | 43.6% |
| Q4 25 | — | 56.0% | ||
| Q3 25 | -12.3% | 58.7% | ||
| Q2 25 | -3.8% | 10.7% | ||
| Q1 25 | -8.1% | 21.8% | ||
| Q4 24 | — | 43.1% | ||
| Q3 24 | -9.4% | 51.2% | ||
| Q2 24 | -10.6% | 35.7% | ||
| Q1 24 | -14.1% | 64.2% |
| Q4 25 | $-0.12 | $0.49 | ||
| Q3 25 | $-0.14 | $0.55 | ||
| Q2 25 | $-0.04 | $-0.04 | ||
| Q1 25 | $-0.09 | $-0.01 | ||
| Q4 24 | $-0.15 | $0.45 | ||
| Q3 24 | $-0.10 | $0.36 | ||
| Q2 24 | $-0.10 | $0.17 | ||
| Q1 24 | $-0.13 | $0.39 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $271.5M | $190.5M |
| Total DebtLower is stronger | — | $1.1B |
| Stockholders' EquityBook value | $429.7M | $1.9B |
| Total Assets | $1.1B | $21.3B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.5M | $190.5M | ||
| Q3 25 | $265.3M | $181.0M | ||
| Q2 25 | $258.4M | $108.6M | ||
| Q1 25 | $291.9M | $204.2M | ||
| Q4 24 | $224.1M | $103.2M | ||
| Q3 24 | $252.5M | $102.8M | ||
| Q2 24 | $215.0M | $336.3M | ||
| Q1 24 | $209.8M | $343.3M |
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $299.0M | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $968.4M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | — | $5.4B | ||
| Q1 24 | — | $5.1B |
| Q4 25 | $429.7M | $1.9B | ||
| Q3 25 | $434.4M | $1.9B | ||
| Q2 25 | $448.8M | $1.9B | ||
| Q1 25 | $439.6M | $1.9B | ||
| Q4 24 | $440.0M | $1.9B | ||
| Q3 24 | $456.2M | $1.9B | ||
| Q2 24 | $457.6M | $1.9B | ||
| Q1 24 | $458.3M | $2.0B |
| Q4 25 | $1.1B | $21.3B | ||
| Q3 25 | $1.2B | $18.5B | ||
| Q2 25 | $1.1B | $16.8B | ||
| Q1 25 | $1.2B | $14.9B | ||
| Q4 24 | $984.1M | $14.4B | ||
| Q3 24 | $1.0B | $13.1B | ||
| Q2 24 | $1.0B | $12.1B | ||
| Q1 24 | $1.0B | $12.3B |
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 2.70× | ||
| Q2 24 | — | 2.76× | ||
| Q1 24 | — | 2.60× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-12.4M | $-7.2B |
| Free Cash FlowOCF − Capex | $-14.7M | — |
| FCF MarginFCF / Revenue | -8.0% | — |
| Capex IntensityCapex / Revenue | 1.2% | — |
| Cash ConversionOCF / Net Profit | — | -137.76× |
| TTM Free Cash FlowTrailing 4 quarters | $69.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-12.4M | $-7.2B | ||
| Q3 25 | $10.3M | $-1.3B | ||
| Q2 25 | $13.7M | $-2.0B | ||
| Q1 25 | $66.6M | $-594.3M | ||
| Q4 24 | $-3.2M | $-2.7B | ||
| Q3 24 | $21.1M | $-983.8M | ||
| Q2 24 | $4.5M | $243.8M | ||
| Q1 24 | $43.0M | $-342.4M |
| Q4 25 | $-14.7M | — | ||
| Q3 25 | $7.7M | — | ||
| Q2 25 | $10.9M | — | ||
| Q1 25 | $65.3M | — | ||
| Q4 24 | $-3.9M | — | ||
| Q3 24 | $20.2M | — | ||
| Q2 24 | $2.7M | — | ||
| Q1 24 | $41.9M | — |
| Q4 25 | -8.0% | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 5.6% | — | ||
| Q1 25 | 35.7% | — | ||
| Q4 24 | -2.5% | — | ||
| Q3 24 | 11.8% | — | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | 28.8% | — |
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 1.1% | — | ||
| Q1 24 | 0.7% | — |
| Q4 25 | — | -137.76× | ||
| Q3 25 | — | -22.26× | ||
| Q2 25 | — | -267.53× | ||
| Q1 25 | — | -61.39× | ||
| Q4 24 | — | -58.08× | ||
| Q3 24 | — | -23.76× | ||
| Q2 24 | — | 9.59× | ||
| Q1 24 | — | -7.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACVA
| Auction Marketplace Revenue | $77.6M | 42% |
| Other Marketplace Revenue | $72.4M | 39% |
| Customer Assurance | $24.1M | 13% |
| Data Services Revenue | $9.4M | 5% |
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
