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Side-by-side financial comparison of PUMA BIOTECHNOLOGY, INC. (PBYI) 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 $75.5M, roughly 1.2× PUMA BIOTECHNOLOGY, INC.). On growth, PUMA BIOTECHNOLOGY, INC. posted the faster year-over-year revenue change (27.7% vs -13.3%). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% CAGR vs 12.3%).

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

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.

PBYI vs PMT — Head-to-Head

Bigger by revenue
PMT
PMT
1.2× larger
PMT
$93.6M
$75.5M
PBYI
Growing faster (revenue YoY)
PBYI
PBYI
+41.0% gap
PBYI
27.7%
-13.3%
PMT
Faster 2-yr revenue CAGR
PBYI
PBYI
Annualised
PBYI
31.3%
12.3%
PMT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PBYI
PBYI
PMT
PMT
Revenue
$75.5M
$93.6M
Net Profit
$52.4M
Gross Margin
69.3%
Operating Margin
22.7%
38.6%
Net Margin
56.0%
Revenue YoY
27.7%
-13.3%
Net Profit YoY
12.5%
EPS (diluted)
$0.26
$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
PBYI
PBYI
PMT
PMT
Q4 25
$75.5M
$93.6M
Q3 25
$54.5M
$99.2M
Q2 25
$52.4M
$70.2M
Q1 25
$46.0M
$44.5M
Q4 24
$59.1M
$107.9M
Q3 24
$80.5M
$80.9M
Q2 24
$47.1M
$71.2M
Q1 24
$43.8M
$74.2M
Net Profit
PBYI
PBYI
PMT
PMT
Q4 25
$52.4M
Q3 25
$8.8M
$58.3M
Q2 25
$5.9M
$7.5M
Q1 25
$3.0M
$9.7M
Q4 24
$46.5M
Q3 24
$20.3M
$41.4M
Q2 24
$-4.5M
$25.4M
Q1 24
$-4.8M
$47.6M
Gross Margin
PBYI
PBYI
PMT
PMT
Q4 25
69.3%
Q3 25
77.7%
Q2 25
76.5%
Q1 25
77.1%
Q4 24
76.4%
Q3 24
63.9%
Q2 24
77.4%
Q1 24
75.5%
Operating Margin
PBYI
PBYI
PMT
PMT
Q4 25
22.7%
38.6%
Q3 25
17.6%
47.4%
Q2 25
12.7%
24.2%
Q1 25
8.7%
-14.2%
Q4 24
22.6%
51.1%
Q3 24
27.4%
32.8%
Q2 24
-4.6%
40.2%
Q1 24
-5.3%
43.6%
Net Margin
PBYI
PBYI
PMT
PMT
Q4 25
56.0%
Q3 25
16.2%
58.7%
Q2 25
11.2%
10.7%
Q1 25
6.5%
21.8%
Q4 24
43.1%
Q3 24
25.2%
51.2%
Q2 24
-9.6%
35.7%
Q1 24
-11.0%
64.2%
EPS (diluted)
PBYI
PBYI
PMT
PMT
Q4 25
$0.26
$0.49
Q3 25
$0.17
$0.55
Q2 25
$0.12
$-0.04
Q1 25
$0.06
$-0.01
Q4 24
$0.40
$0.45
Q3 24
$0.41
$0.36
Q2 24
$-0.09
$0.17
Q1 24
$-0.10
$0.39

Balance Sheet & Financial Strength

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

Metric
PBYI
PBYI
PMT
PMT
Cash + ST InvestmentsLiquidity on hand
$97.5M
$190.5M
Total DebtLower is stronger
$22.7M
$1.1B
Stockholders' EquityBook value
$130.3M
$1.9B
Total Assets
$216.3M
$21.3B
Debt / EquityLower = less leverage
0.17×
0.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PBYI
PBYI
PMT
PMT
Q4 25
$97.5M
$190.5M
Q3 25
$94.4M
$181.0M
Q2 25
$96.0M
$108.6M
Q1 25
$93.2M
$204.2M
Q4 24
$101.0M
$103.2M
Q3 24
$96.7M
$102.8M
Q2 24
$96.8M
$336.3M
Q1 24
$107.2M
$343.3M
Total Debt
PBYI
PBYI
PMT
PMT
Q4 25
$22.7M
$1.1B
Q3 25
$34.0M
$299.0M
Q2 25
$45.3M
$1.2B
Q1 25
$56.7M
$968.4M
Q4 24
$68.0M
$1.0B
Q3 24
$79.3M
$5.2B
Q2 24
$90.7M
$5.4B
Q1 24
$102.0M
$5.1B
Stockholders' Equity
PBYI
PBYI
PMT
PMT
Q4 25
$130.3M
$1.9B
Q3 25
$115.3M
$1.9B
Q2 25
$104.7M
$1.9B
Q1 25
$97.1M
$1.9B
Q4 24
$92.1M
$1.9B
Q3 24
$71.1M
$1.9B
Q2 24
$48.5M
$1.9B
Q1 24
$51.0M
$2.0B
Total Assets
PBYI
PBYI
PMT
PMT
Q4 25
$216.3M
$21.3B
Q3 25
$202.9M
$18.5B
Q2 25
$194.9M
$16.8B
Q1 25
$196.2M
$14.9B
Q4 24
$213.3M
$14.4B
Q3 24
$220.7M
$13.1B
Q2 24
$205.0M
$12.1B
Q1 24
$214.1M
$12.3B
Debt / Equity
PBYI
PBYI
PMT
PMT
Q4 25
0.17×
0.58×
Q3 25
0.30×
0.16×
Q2 25
0.43×
0.65×
Q1 25
0.58×
0.51×
Q4 24
0.74×
0.52×
Q3 24
1.12×
2.70×
Q2 24
1.87×
2.76×
Q1 24
2.00×
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
PBYI
PBYI
PMT
PMT
Operating Cash FlowLast quarter
$14.4M
$-7.2B
Free Cash FlowOCF − Capex
$14.4M
FCF MarginFCF / Revenue
19.1%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-137.76×
TTM Free Cash FlowTrailing 4 quarters
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PBYI
PBYI
PMT
PMT
Q4 25
$14.4M
$-7.2B
Q3 25
$9.7M
$-1.3B
Q2 25
$14.1M
$-2.0B
Q1 25
$3.6M
$-594.3M
Q4 24
$15.6M
$-2.7B
Q3 24
$11.0M
$-983.8M
Q2 24
$1.0M
$243.8M
Q1 24
$11.2M
$-342.4M
Free Cash Flow
PBYI
PBYI
PMT
PMT
Q4 25
$14.4M
Q3 25
$9.7M
Q2 25
$14.1M
Q1 25
$3.6M
Q4 24
$15.6M
Q3 24
$11.0M
Q2 24
$1.0M
Q1 24
FCF Margin
PBYI
PBYI
PMT
PMT
Q4 25
19.1%
Q3 25
17.7%
Q2 25
26.8%
Q1 25
7.7%
Q4 24
26.4%
Q3 24
13.7%
Q2 24
2.1%
Q1 24
Capex Intensity
PBYI
PBYI
PMT
PMT
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
PBYI
PBYI
PMT
PMT
Q4 25
-137.76×
Q3 25
1.10×
-22.26×
Q2 25
2.41×
-267.53×
Q1 25
1.21×
-61.39×
Q4 24
-58.08×
Q3 24
0.54×
-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

PBYI
PBYI

Segment breakdown not available.

PMT
PMT

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

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