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Side-by-side financial comparison of ANAPTYSBIO, INC (ANAB) and PennyMac Mortgage Investment Trust (PMT). Click either name above to swap in a different company.

ANAPTYSBIO, INC is the larger business by last-quarter revenue ($108.2M vs $93.6M, roughly 1.2× PennyMac Mortgage Investment Trust). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs 45.8%, a 10.1% gap on every dollar of revenue. On growth, ANAPTYSBIO, INC posted the faster year-over-year revenue change (151.1% vs -13.3%). Over the past eight quarters, ANAPTYSBIO, INC's revenue compounded faster (288.3% CAGR vs 12.3%).

AnaptysBio, Inc. is a clinical-stage biotechnology company focused on developing antibody-based immunotherapies for inflammatory diseases, immuno-oncology indications, and rare disease conditions. It primarily serves the U.S. market, advancing its innovative product candidate pipeline to address unmet medical needs via rigorous research and clinical development.

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.

ANAB vs PMT — Head-to-Head

Bigger by revenue
ANAB
ANAB
1.2× larger
ANAB
$108.2M
$93.6M
PMT
Growing faster (revenue YoY)
ANAB
ANAB
+164.4% gap
ANAB
151.1%
-13.3%
PMT
Higher net margin
PMT
PMT
10.1% more per $
PMT
56.0%
45.8%
ANAB
Faster 2-yr revenue CAGR
ANAB
ANAB
Annualised
ANAB
288.3%
12.3%
PMT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ANAB
ANAB
PMT
PMT
Revenue
$108.2M
$93.6M
Net Profit
$49.6M
$52.4M
Gross Margin
Operating Margin
61.8%
38.6%
Net Margin
45.8%
56.0%
Revenue YoY
151.1%
-13.3%
Net Profit YoY
327.8%
12.5%
EPS (diluted)
$1.64
$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.

Revenue
ANAB
ANAB
PMT
PMT
Q4 25
$108.2M
$93.6M
Q3 25
$76.3M
$99.2M
Q2 25
$22.3M
$70.2M
Q1 25
$27.8M
$44.5M
Q4 24
$43.1M
$107.9M
Q3 24
$30.0M
$80.9M
Q2 24
$11.0M
$71.2M
Q1 24
$7.2M
$74.2M
Net Profit
ANAB
ANAB
PMT
PMT
Q4 25
$49.6M
$52.4M
Q3 25
$15.1M
$58.3M
Q2 25
$-38.6M
$7.5M
Q1 25
$-39.3M
$9.7M
Q4 24
$-21.8M
$46.5M
Q3 24
$-32.9M
$41.4M
Q2 24
$-46.7M
$25.4M
Q1 24
$-43.9M
$47.6M
Operating Margin
ANAB
ANAB
PMT
PMT
Q4 25
61.8%
38.6%
Q3 25
45.5%
47.4%
Q2 25
-117.5%
24.2%
Q1 25
-99.2%
-14.2%
Q4 24
-22.4%
51.1%
Q3 24
-75.8%
32.8%
Q2 24
-367.5%
40.2%
Q1 24
-587.8%
43.6%
Net Margin
ANAB
ANAB
PMT
PMT
Q4 25
45.8%
56.0%
Q3 25
19.8%
58.7%
Q2 25
-173.5%
10.7%
Q1 25
-141.6%
21.8%
Q4 24
-50.5%
43.1%
Q3 24
-109.4%
51.2%
Q2 24
-425.3%
35.7%
Q1 24
-612.0%
64.2%
EPS (diluted)
ANAB
ANAB
PMT
PMT
Q4 25
$1.64
$0.49
Q3 25
$0.52
$0.55
Q2 25
$-1.34
$-0.04
Q1 25
$-1.28
$-0.01
Q4 24
$-0.63
$0.45
Q3 24
$-1.14
$0.36
Q2 24
$-1.71
$0.17
Q1 24
$-1.64
$0.39

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ANAB
ANAB
PMT
PMT
Cash + ST InvestmentsLiquidity on hand
$238.2M
$190.5M
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$37.2M
$1.9B
Total Assets
$364.4M
$21.3B
Debt / EquityLower = less leverage
0.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANAB
ANAB
PMT
PMT
Q4 25
$238.2M
$190.5M
Q3 25
$109.8M
$181.0M
Q2 25
$44.3M
$108.6M
Q1 25
$98.6M
$204.2M
Q4 24
$123.1M
$103.2M
Q3 24
$191.6M
$102.8M
Q2 24
$71.8M
$336.3M
Q1 24
$53.7M
$343.3M
Total Debt
ANAB
ANAB
PMT
PMT
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
Stockholders' Equity
ANAB
ANAB
PMT
PMT
Q4 25
$37.2M
$1.9B
Q3 25
$-29.4M
$1.9B
Q2 25
$-44.7M
$1.9B
Q1 25
$34.0M
$1.9B
Q4 24
$70.9M
$1.9B
Q3 24
$84.4M
$1.9B
Q2 24
$9.9M
$1.9B
Q1 24
$47.8M
$2.0B
Total Assets
ANAB
ANAB
PMT
PMT
Q4 25
$364.4M
$21.3B
Q3 25
$353.1M
$18.5B
Q2 25
$335.3M
$16.8B
Q1 25
$422.1M
$14.9B
Q4 24
$483.8M
$14.4B
Q3 24
$493.4M
$13.1B
Q2 24
$427.4M
$12.1B
Q1 24
$405.8M
$12.3B
Debt / Equity
ANAB
ANAB
PMT
PMT
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
ANAB
ANAB
PMT
PMT
Operating Cash FlowLast quarter
$98.0M
$-7.2B
Free Cash FlowOCF − Capex
$98.0M
FCF MarginFCF / Revenue
90.5%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1.98×
-137.76×
TTM Free Cash FlowTrailing 4 quarters
$19.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANAB
ANAB
PMT
PMT
Q4 25
$98.0M
$-7.2B
Q3 25
$-27.4M
$-1.3B
Q2 25
$-40.2M
$-2.0B
Q1 25
$-10.7M
$-594.3M
Q4 24
$-66.7M
$-2.7B
Q3 24
$-10.1M
$-983.8M
Q2 24
$-21.3M
$243.8M
Q1 24
$-37.3M
$-342.4M
Free Cash Flow
ANAB
ANAB
PMT
PMT
Q4 25
$98.0M
Q3 25
$-27.4M
Q2 25
$-40.3M
Q1 25
$-10.7M
Q4 24
$-66.9M
Q3 24
$-10.1M
Q2 24
$-21.4M
Q1 24
$-37.3M
FCF Margin
ANAB
ANAB
PMT
PMT
Q4 25
90.5%
Q3 25
-35.9%
Q2 25
-180.9%
Q1 25
-38.7%
Q4 24
-155.3%
Q3 24
-33.7%
Q2 24
-194.6%
Q1 24
-519.3%
Capex Intensity
ANAB
ANAB
PMT
PMT
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.2%
Q1 25
0.1%
Q4 24
0.6%
Q3 24
0.1%
Q2 24
0.3%
Q1 24
0.4%
Cash Conversion
ANAB
ANAB
PMT
PMT
Q4 25
1.98×
-137.76×
Q3 25
-1.81×
-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

ANAB
ANAB

Segment breakdown not available.

PMT
PMT

Other$55.0M59%
Interest Rate Sensitive Strategies$31.4M34%
Correspondent Production$7.2M8%

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