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Side-by-side financial comparison of INFINITY NATURAL RESOURCES, INC. (INR) and PennyMac Mortgage Investment Trust (PMT). Click either name above to swap in a different company.
INFINITY NATURAL RESOURCES, INC. is the larger business by last-quarter revenue ($115.5M vs $93.6M, roughly 1.2× PennyMac Mortgage Investment Trust). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs 17.3%, a 38.6% gap on every dollar of revenue.
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.
INR vs PMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $115.5M | $93.6M |
| Net Profit | $20.0M | $52.4M |
| Gross Margin | — | — |
| Operating Margin | 47.0% | 38.6% |
| Net Margin | 17.3% | 56.0% |
| Revenue YoY | — | -13.3% |
| Net Profit YoY | — | 12.5% |
| EPS (diluted) | $1.33 | $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 | $115.5M | $93.6M | ||
| Q3 25 | $78.3M | $99.2M | ||
| Q2 25 | $72.5M | $70.2M | ||
| Q1 25 | $84.2M | $44.5M | ||
| Q4 24 | — | $107.9M | ||
| Q3 24 | — | $80.9M | ||
| Q2 24 | — | $71.2M | ||
| Q1 24 | — | $74.2M |
| Q4 25 | $20.0M | $52.4M | ||
| Q3 25 | $10.4M | $58.3M | ||
| Q2 25 | $18.0M | $7.5M | ||
| Q1 25 | $-34.6M | $9.7M | ||
| Q4 24 | — | $46.5M | ||
| Q3 24 | — | $41.4M | ||
| Q2 24 | — | $25.4M | ||
| Q1 24 | — | $47.6M |
| Q4 25 | 47.0% | 38.6% | ||
| Q3 25 | 30.5% | 47.4% | ||
| Q2 25 | 29.9% | 24.2% | ||
| Q1 25 | -104.5% | -14.2% | ||
| Q4 24 | — | 51.1% | ||
| Q3 24 | — | 32.8% | ||
| Q2 24 | — | 40.2% | ||
| Q1 24 | — | 43.6% |
| Q4 25 | 17.3% | 56.0% | ||
| Q3 25 | 13.3% | 58.7% | ||
| Q2 25 | 24.8% | 10.7% | ||
| Q1 25 | -41.1% | 21.8% | ||
| Q4 24 | — | 43.1% | ||
| Q3 24 | — | 51.2% | ||
| Q2 24 | — | 35.7% | ||
| Q1 24 | — | 64.2% |
| Q4 25 | $1.33 | $0.49 | ||
| Q3 25 | $0.65 | $0.55 | ||
| Q2 25 | $1.18 | $-0.04 | ||
| Q1 25 | $-2.27 | $-0.01 | ||
| Q4 24 | — | $0.45 | ||
| Q3 24 | — | $0.36 | ||
| Q2 24 | — | $0.17 | ||
| Q1 24 | — | $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 | $2.8M | $190.5M |
| Total DebtLower is stronger | $55.0K | $1.1B |
| Stockholders' EquityBook value | $307.1M | $1.9B |
| Total Assets | $1.2B | $21.3B |
| Debt / EquityLower = less leverage | 0.00× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.8M | $190.5M | ||
| Q3 25 | $4.6M | $181.0M | ||
| Q2 25 | $6.3M | $108.6M | ||
| Q1 25 | $4.9M | $204.2M | ||
| Q4 24 | — | $103.2M | ||
| Q3 24 | — | $102.8M | ||
| Q2 24 | — | $336.3M | ||
| Q1 24 | — | $343.3M |
| Q4 25 | $55.0K | $1.1B | ||
| Q3 25 | — | $299.0M | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | $123.0K | $968.4M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | — | $5.4B | ||
| Q1 24 | — | $5.1B |
| Q4 25 | $307.1M | $1.9B | ||
| Q3 25 | $288.6M | $1.9B | ||
| Q2 25 | $10.1M | $1.9B | ||
| Q1 25 | $-52.2M | $1.9B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $2.0B |
| Q4 25 | $1.2B | $21.3B | ||
| Q3 25 | $1.1B | $18.5B | ||
| Q2 25 | $1.0B | $16.8B | ||
| Q1 25 | $953.9M | $14.9B | ||
| Q4 24 | — | $14.4B | ||
| Q3 24 | — | $13.1B | ||
| Q2 24 | — | $12.1B | ||
| Q1 24 | — | $12.3B |
| Q4 25 | 0.00× | 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 | $75.1M | $-7.2B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.75× | -137.76× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.1M | $-7.2B | ||
| Q3 25 | $42.1M | $-1.3B | ||
| Q2 25 | $70.4M | $-2.0B | ||
| Q1 25 | $74.2M | $-594.3M | ||
| Q4 24 | — | $-2.7B | ||
| Q3 24 | — | $-983.8M | ||
| Q2 24 | — | $243.8M | ||
| Q1 24 | — | $-342.4M |
| Q4 25 | 3.75× | -137.76× | ||
| Q3 25 | 4.04× | -22.26× | ||
| Q2 25 | 3.91× | -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
INR
| Oil Reserves | $54.0M | 47% |
| Natural Gas Reserves | $46.8M | 41% |
| Natural Gas Liquids Reserves | $14.7M | 13% |
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
