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Side-by-side financial comparison of PennyMac Mortgage Investment Trust (PMT) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
CPI Card Group Inc. is the larger business by last-quarter revenue ($153.1M vs $93.6M, roughly 1.6× PennyMac Mortgage Investment Trust). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs 4.8%, a 51.2% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs -13.3%). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% CAGR vs 12.3%).
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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
PMT vs PMTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $93.6M | $153.1M |
| Net Profit | $52.4M | $7.3M |
| Gross Margin | — | 31.5% |
| Operating Margin | 38.6% | 12.0% |
| Net Margin | 56.0% | 4.8% |
| Revenue YoY | -13.3% | 22.3% |
| Net Profit YoY | 12.5% | 8.5% |
| EPS (diluted) | $0.49 | $0.62 |
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 | $93.6M | $153.1M | ||
| Q3 25 | $99.2M | $138.0M | ||
| Q2 25 | $70.2M | $129.8M | ||
| Q1 25 | $44.5M | $122.8M | ||
| Q4 24 | $107.9M | $125.1M | ||
| Q3 24 | $80.9M | $124.8M | ||
| Q2 24 | $71.2M | $118.8M | ||
| Q1 24 | $74.2M | $111.9M |
| Q4 25 | $52.4M | $7.3M | ||
| Q3 25 | $58.3M | $2.3M | ||
| Q2 25 | $7.5M | $518.0K | ||
| Q1 25 | $9.7M | $4.8M | ||
| Q4 24 | $46.5M | $6.8M | ||
| Q3 24 | $41.4M | $1.3M | ||
| Q2 24 | $25.4M | $6.0M | ||
| Q1 24 | $47.6M | $5.5M |
| Q4 25 | — | 31.5% | ||
| Q3 25 | — | 29.7% | ||
| Q2 25 | — | 30.9% | ||
| Q1 25 | — | 33.2% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | 35.8% | ||
| Q2 24 | — | 35.7% | ||
| Q1 24 | — | 37.1% |
| Q4 25 | 38.6% | 12.0% | ||
| Q3 25 | 47.4% | 9.4% | ||
| Q2 25 | 24.2% | 7.3% | ||
| Q1 25 | -14.2% | 11.5% | ||
| Q4 24 | 51.1% | 12.7% | ||
| Q3 24 | 32.8% | 14.3% | ||
| Q2 24 | 40.2% | 12.5% | ||
| Q1 24 | 43.6% | 12.6% |
| Q4 25 | 56.0% | 4.8% | ||
| Q3 25 | 58.7% | 1.7% | ||
| Q2 25 | 10.7% | 0.4% | ||
| Q1 25 | 21.8% | 3.9% | ||
| Q4 24 | 43.1% | 5.4% | ||
| Q3 24 | 51.2% | 1.0% | ||
| Q2 24 | 35.7% | 5.1% | ||
| Q1 24 | 64.2% | 4.9% |
| Q4 25 | $0.49 | $0.62 | ||
| Q3 25 | $0.55 | $0.19 | ||
| Q2 25 | $-0.04 | $0.04 | ||
| Q1 25 | $-0.01 | $0.40 | ||
| Q4 24 | $0.45 | $0.56 | ||
| Q3 24 | $0.36 | $0.11 | ||
| Q2 24 | $0.17 | $0.51 | ||
| Q1 24 | $0.39 | $0.46 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $190.5M | $21.7M |
| Total DebtLower is stronger | $1.1B | $286.7M |
| Stockholders' EquityBook value | $1.9B | $-17.3M |
| Total Assets | $21.3B | $403.2M |
| Debt / EquityLower = less leverage | 0.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $190.5M | $21.7M | ||
| Q3 25 | $181.0M | $16.0M | ||
| Q2 25 | $108.6M | $17.1M | ||
| Q1 25 | $204.2M | $31.5M | ||
| Q4 24 | $103.2M | $33.5M | ||
| Q3 24 | $102.8M | $14.7M | ||
| Q2 24 | $336.3M | $7.5M | ||
| Q1 24 | $343.3M | $17.1M |
| Q4 25 | $1.1B | $286.7M | ||
| Q3 25 | $299.0M | $308.4M | ||
| Q2 25 | $1.2B | $310.9M | ||
| Q1 25 | $968.4M | $280.7M | ||
| Q4 24 | $1.0B | $280.4M | ||
| Q3 24 | $5.2B | $280.2M | ||
| Q2 24 | $5.4B | $269.7M | ||
| Q1 24 | $5.1B | $265.3M |
| Q4 25 | $1.9B | $-17.3M | ||
| Q3 25 | $1.9B | $-25.7M | ||
| Q2 25 | $1.9B | $-29.0M | ||
| Q1 25 | $1.9B | $-29.7M | ||
| Q4 24 | $1.9B | $-35.6M | ||
| Q3 24 | $1.9B | $-42.8M | ||
| Q2 24 | $1.9B | $-44.6M | ||
| Q1 24 | $2.0B | $-48.5M |
| Q4 25 | $21.3B | $403.2M | ||
| Q3 25 | $18.5B | $407.1M | ||
| Q2 25 | $16.8B | $399.8M | ||
| Q1 25 | $14.9B | $351.9M | ||
| Q4 24 | $14.4B | $349.7M | ||
| Q3 24 | $13.1B | $342.3M | ||
| Q2 24 | $12.1B | $321.4M | ||
| Q1 24 | $12.3B | $319.8M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-7.2B | $39.6M |
| Free Cash FlowOCF − Capex | — | $35.2M |
| FCF MarginFCF / Revenue | — | 23.0% |
| Capex IntensityCapex / Revenue | — | 2.9% |
| Cash ConversionOCF / Net Profit | -137.76× | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-7.2B | $39.6M | ||
| Q3 25 | $-1.3B | $10.0M | ||
| Q2 25 | $-2.0B | $4.3M | ||
| Q1 25 | $-594.3M | $5.6M | ||
| Q4 24 | $-2.7B | $26.7M | ||
| Q3 24 | $-983.8M | $12.5M | ||
| Q2 24 | $243.8M | $-4.8M | ||
| Q1 24 | $-342.4M | $8.9M |
| Q4 25 | — | $35.2M | ||
| Q3 25 | — | $5.3M | ||
| Q2 25 | — | $533.0K | ||
| Q1 25 | — | $292.0K | ||
| Q4 24 | — | $21.6M | ||
| Q3 24 | — | $11.1M | ||
| Q2 24 | — | $-6.0M | ||
| Q1 24 | — | $7.4M |
| Q4 25 | — | 23.0% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | — | 8.9% | ||
| Q2 24 | — | -5.0% | ||
| Q1 24 | — | 6.6% |
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 1.3% |
| Q4 25 | -137.76× | 5.39× | ||
| Q3 25 | -22.26× | 4.32× | ||
| Q2 25 | -267.53× | 8.39× | ||
| Q1 25 | -61.39× | 1.17× | ||
| Q4 24 | -58.08× | 3.94× | ||
| Q3 24 | -23.76× | 9.70× | ||
| Q2 24 | 9.59× | -0.79× | ||
| Q1 24 | -7.19× | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
