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Side-by-side financial comparison of LXP Industrial Trust (LXP) 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 $86.7M, roughly 1.1× LXP Industrial Trust). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs 33.2%, a 22.8% gap on every dollar of revenue. On growth, PennyMac Mortgage Investment Trust posted the faster year-over-year revenue change (-13.3% vs -14.0%). Over the past eight quarters, PennyMac Mortgage Investment Trust's revenue compounded faster (12.3% CAGR vs 0.3%).
LXP Industrial Trust is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality industrial real estate assets, primarily distribution centers, logistics facilities, and light industrial properties across key markets in the United States. Its tenant base covers e-commerce, third-party logistics, and advanced manufacturing sectors, delivering stable long-term returns for its investors.
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.
LXP vs PMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.7M | $93.6M |
| Net Profit | $28.8M | $52.4M |
| Gross Margin | 81.5% | — |
| Operating Margin | 34.6% | 38.6% |
| Net Margin | 33.2% | 56.0% |
| Revenue YoY | -14.0% | -13.3% |
| Net Profit YoY | — | 12.5% |
| EPS (diluted) | — | $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 | $86.7M | $93.6M | ||
| Q3 25 | $86.9M | $99.2M | ||
| Q2 25 | $87.7M | $70.2M | ||
| Q1 25 | $88.9M | $44.5M | ||
| Q4 24 | $100.9M | $107.9M | ||
| Q3 24 | $85.6M | $80.9M | ||
| Q2 24 | $85.8M | $71.2M | ||
| Q1 24 | $86.3M | $74.2M |
| Q4 25 | $28.8M | $52.4M | ||
| Q3 25 | $36.3M | $58.3M | ||
| Q2 25 | $29.1M | $7.5M | ||
| Q1 25 | $19.0M | $9.7M | ||
| Q4 24 | — | $46.5M | ||
| Q3 24 | $6.3M | $41.4M | ||
| Q2 24 | $5.4M | $25.4M | ||
| Q1 24 | $-269.0K | $47.6M |
| Q4 25 | 81.5% | — | ||
| Q3 25 | 82.3% | — | ||
| Q2 25 | 81.9% | — | ||
| Q1 25 | 80.7% | — | ||
| Q4 24 | 85.3% | — | ||
| Q3 24 | 82.5% | — | ||
| Q2 24 | 82.0% | — | ||
| Q1 24 | 82.4% | — |
| Q4 25 | 34.6% | 38.6% | ||
| Q3 25 | 50.4% | 47.4% | ||
| Q2 25 | 33.7% | 24.2% | ||
| Q1 25 | 21.8% | -14.2% | ||
| Q4 24 | — | 51.1% | ||
| Q3 24 | 7.9% | 32.8% | ||
| Q2 24 | 6.9% | 40.2% | ||
| Q1 24 | 1.0% | 43.6% |
| Q4 25 | 33.2% | 56.0% | ||
| Q3 25 | 41.7% | 58.7% | ||
| Q2 25 | 33.2% | 10.7% | ||
| Q1 25 | 21.4% | 21.8% | ||
| Q4 24 | — | 43.1% | ||
| Q3 24 | 7.4% | 51.2% | ||
| Q2 24 | 6.3% | 35.7% | ||
| Q1 24 | -0.3% | 64.2% |
| Q4 25 | — | $0.49 | ||
| Q3 25 | $0.12 | $0.55 | ||
| Q2 25 | $0.09 | $-0.04 | ||
| Q1 25 | $0.06 | $-0.01 | ||
| Q4 24 | — | $0.45 | ||
| Q3 24 | $0.02 | $0.36 | ||
| Q2 24 | $0.01 | $0.17 | ||
| Q1 24 | $-0.01 | $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 | $170.4M | $190.5M |
| Total DebtLower is stronger | $1.4B | $1.1B |
| Stockholders' EquityBook value | $2.0B | $1.9B |
| Total Assets | $3.5B | $21.3B |
| Debt / EquityLower = less leverage | 0.66× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $170.4M | $190.5M | ||
| Q3 25 | $229.7M | $181.0M | ||
| Q2 25 | $71.0M | $108.6M | ||
| Q1 25 | $70.9M | $204.2M | ||
| Q4 24 | $101.8M | $103.2M | ||
| Q3 24 | $55.0M | $102.8M | ||
| Q2 24 | $48.7M | $336.3M | ||
| Q1 24 | $293.8M | $343.3M |
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $1.5B | $299.0M | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.5B | $968.4M | ||
| Q4 24 | $1.6B | $1.0B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | — | $5.4B | ||
| Q1 24 | — | $5.1B |
| Q4 25 | $2.0B | $1.9B | ||
| Q3 25 | $2.1B | $1.9B | ||
| Q2 25 | $2.1B | $1.9B | ||
| Q1 25 | $2.1B | $1.9B | ||
| Q4 24 | $2.1B | $1.9B | ||
| Q3 24 | $2.1B | $1.9B | ||
| Q2 24 | $2.1B | $1.9B | ||
| Q1 24 | $2.2B | $2.0B |
| Q4 25 | $3.5B | $21.3B | ||
| Q3 25 | $3.7B | $18.5B | ||
| Q2 25 | $3.7B | $16.8B | ||
| Q1 25 | $3.8B | $14.9B | ||
| Q4 24 | $3.8B | $14.4B | ||
| Q3 24 | $3.9B | $13.1B | ||
| Q2 24 | $3.9B | $12.1B | ||
| Q1 24 | $4.2B | $12.3B |
| Q4 25 | 0.66× | 0.58× | ||
| Q3 25 | 0.72× | 0.16× | ||
| Q2 25 | 0.72× | 0.65× | ||
| Q1 25 | 0.73× | 0.51× | ||
| Q4 24 | 0.75× | 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 | $188.7M | $-7.2B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 6.56× | -137.76× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $188.7M | $-7.2B | ||
| Q3 25 | $63.5M | $-1.3B | ||
| Q2 25 | $44.3M | $-2.0B | ||
| Q1 25 | $39.0M | $-594.3M | ||
| Q4 24 | $211.2M | $-2.7B | ||
| Q3 24 | $64.6M | $-983.8M | ||
| Q2 24 | $38.5M | $243.8M | ||
| Q1 24 | $38.9M | $-342.4M |
| Q4 25 | 6.56× | -137.76× | ||
| Q3 25 | 1.75× | -22.26× | ||
| Q2 25 | 1.52× | -267.53× | ||
| Q1 25 | 2.05× | -61.39× | ||
| Q4 24 | — | -58.08× | ||
| Q3 24 | 10.18× | -23.76× | ||
| Q2 24 | 7.09× | 9.59× | ||
| Q1 24 | — | -7.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LXP
Segment breakdown not available.
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
