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

PennyMac Mortgage Investment Trust is the larger business by last-quarter revenue ($93.6M vs $90.1M, roughly 1.0× INNODATA INC). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs 16.5%, a 39.4% gap on every dollar of revenue. On growth, INNODATA INC posted the faster year-over-year revenue change (54.4% vs -13.3%). Over the past eight quarters, INNODATA INC's revenue compounded faster (66.4% CAGR vs 12.3%).

Innodata Inc., formerly Innodata Isogen, Inc., is an American company that provides business process, technology and consulting services. The company also provides products that aim to help clients create, manage, use and distribute digital information.

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.

INOD vs PMT — Head-to-Head

Bigger by revenue
PMT
PMT
1.0× larger
PMT
$93.6M
$90.1M
INOD
Growing faster (revenue YoY)
INOD
INOD
+67.7% gap
INOD
54.4%
-13.3%
PMT
Higher net margin
PMT
PMT
39.4% more per $
PMT
56.0%
16.5%
INOD
Faster 2-yr revenue CAGR
INOD
INOD
Annualised
INOD
66.4%
12.3%
PMT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
INOD
INOD
PMT
PMT
Revenue
$90.1M
$93.6M
Net Profit
$14.9M
$52.4M
Gross Margin
Operating Margin
38.6%
Net Margin
16.5%
56.0%
Revenue YoY
54.4%
-13.3%
Net Profit YoY
91.3%
12.5%
EPS (diluted)
$0.42
$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
INOD
INOD
PMT
PMT
Q1 26
$90.1M
Q4 25
$72.4M
$93.6M
Q3 25
$62.5M
$99.2M
Q2 25
$58.4M
$70.2M
Q1 25
$58.3M
$44.5M
Q4 24
$59.2M
$107.9M
Q3 24
$52.2M
$80.9M
Q2 24
$32.6M
$71.2M
Net Profit
INOD
INOD
PMT
PMT
Q1 26
$14.9M
Q4 25
$8.8M
$52.4M
Q3 25
$8.3M
$58.3M
Q2 25
$7.2M
$7.5M
Q1 25
$7.8M
$9.7M
Q4 24
$10.3M
$46.5M
Q3 24
$17.4M
$41.4M
Q2 24
$-14.0K
$25.4M
Gross Margin
INOD
INOD
PMT
PMT
Q1 26
Q4 25
38.3%
Q3 25
40.8%
Q2 25
39.4%
Q1 25
39.9%
Q4 24
45.2%
Q3 24
40.8%
Q2 24
28.7%
Operating Margin
INOD
INOD
PMT
PMT
Q1 26
Q4 25
15.1%
38.6%
Q3 25
18.8%
47.4%
Q2 25
15.3%
24.2%
Q1 25
14.2%
-14.2%
Q4 24
19.0%
51.1%
Q3 24
21.9%
32.8%
Q2 24
1.0%
40.2%
Net Margin
INOD
INOD
PMT
PMT
Q1 26
16.5%
Q4 25
12.2%
56.0%
Q3 25
13.3%
58.7%
Q2 25
12.4%
10.7%
Q1 25
13.3%
21.8%
Q4 24
17.4%
43.1%
Q3 24
33.3%
51.2%
Q2 24
-0.0%
35.7%
EPS (diluted)
INOD
INOD
PMT
PMT
Q1 26
$0.42
Q4 25
$0.26
$0.49
Q3 25
$0.24
$0.55
Q2 25
$0.20
$-0.04
Q1 25
$0.22
$-0.01
Q4 24
$0.35
$0.45
Q3 24
$0.51
$0.36
Q2 24
$0.00
$0.17

Balance Sheet & Financial Strength

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

Metric
INOD
INOD
PMT
PMT
Cash + ST InvestmentsLiquidity on hand
$117.4M
$190.5M
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$128.2M
$1.9B
Total Assets
$210.4M
$21.3B
Debt / EquityLower = less leverage
0.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INOD
INOD
PMT
PMT
Q1 26
$117.4M
Q4 25
$82.2M
$190.5M
Q3 25
$73.9M
$181.0M
Q2 25
$59.8M
$108.6M
Q1 25
$56.6M
$204.2M
Q4 24
$46.9M
$103.2M
Q3 24
$26.4M
$102.8M
Q2 24
$16.5M
$336.3M
Total Debt
INOD
INOD
PMT
PMT
Q1 26
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
Stockholders' Equity
INOD
INOD
PMT
PMT
Q1 26
$128.2M
Q4 25
$107.1M
$1.9B
Q3 25
$97.3M
$1.9B
Q2 25
$86.7M
$1.9B
Q1 25
$75.5M
$1.9B
Q4 24
$63.5M
$1.9B
Q3 24
$47.7M
$1.9B
Q2 24
$29.0M
$1.9B
Total Assets
INOD
INOD
PMT
PMT
Q1 26
$210.4M
Q4 25
$168.6M
$21.3B
Q3 25
$152.9M
$18.5B
Q2 25
$132.6M
$16.8B
Q1 25
$125.2M
$14.9B
Q4 24
$113.4M
$14.4B
Q3 24
$88.2M
$13.1B
Q2 24
$66.0M
$12.1B
Debt / Equity
INOD
INOD
PMT
PMT
Q1 26
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×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
INOD
INOD
PMT
PMT
Operating Cash FlowLast quarter
$37.3M
$-7.2B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.50×
-137.76×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INOD
INOD
PMT
PMT
Q1 26
$37.3M
Q4 25
$12.9M
$-7.2B
Q3 25
$18.8M
$-1.3B
Q2 25
$4.2M
$-2.0B
Q1 25
$10.9M
$-594.3M
Q4 24
$17.2M
$-2.7B
Q3 24
$11.4M
$-983.8M
Q2 24
$-454.0K
$243.8M
Free Cash Flow
INOD
INOD
PMT
PMT
Q1 26
Q4 25
$10.1M
Q3 25
$14.5M
Q2 25
$2.5M
Q1 25
$8.5M
Q4 24
$15.0M
Q3 24
$9.9M
Q2 24
$-3.2M
FCF Margin
INOD
INOD
PMT
PMT
Q1 26
Q4 25
13.9%
Q3 25
23.2%
Q2 25
4.3%
Q1 25
14.6%
Q4 24
25.3%
Q3 24
19.0%
Q2 24
-9.8%
Capex Intensity
INOD
INOD
PMT
PMT
Q1 26
Q4 25
3.9%
Q3 25
6.8%
Q2 25
2.9%
Q1 25
4.0%
Q4 24
3.7%
Q3 24
2.8%
Q2 24
8.4%
Cash Conversion
INOD
INOD
PMT
PMT
Q1 26
2.50×
Q4 25
1.46×
-137.76×
Q3 25
2.25×
-22.26×
Q2 25
0.59×
-267.53×
Q1 25
1.40×
-61.39×
Q4 24
1.67×
-58.08×
Q3 24
0.65×
-23.76×
Q2 24
9.59×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

INOD
INOD

Segment breakdown not available.

PMT
PMT

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

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