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Side-by-side financial comparison of PennyMac Mortgage Investment Trust (PMT) and Porch Group, Inc. (PRCH). Click either name above to swap in a different company.
Porch Group, Inc. is the larger business by last-quarter revenue ($121.1M vs $93.6M, roughly 1.3× PennyMac Mortgage Investment Trust). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs -3.9%, a 59.8% gap on every dollar of revenue. On growth, Porch Group, Inc. posted the faster year-over-year revenue change (100.0% vs -13.3%). Over the past eight quarters, Porch Group, Inc.'s revenue compounded faster (26.4% 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.
Porch is a website that tries to connect homeowners with local home improvement contractors. The site features advice articles, cost guide, and online booking for over 160 home projects.
PMT vs PRCH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $93.6M | $121.1M |
| Net Profit | $52.4M | $-4.7M |
| Gross Margin | — | 52.7% |
| Operating Margin | 38.6% | 34.7% |
| Net Margin | 56.0% | -3.9% |
| Revenue YoY | -13.3% | 100.0% |
| Net Profit YoY | 12.5% | 2.0% |
| EPS (diluted) | $0.49 | $-0.04 |
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.
| Q1 26 | — | $121.1M | ||
| Q4 25 | $93.6M | $112.3M | ||
| Q3 25 | $99.2M | $115.1M | ||
| Q2 25 | $70.2M | $107.0M | ||
| Q1 25 | $44.5M | $84.5M | ||
| Q4 24 | $107.9M | $75.3M | ||
| Q3 24 | $80.9M | $77.7M | ||
| Q2 24 | $71.2M | $75.9M |
| Q1 26 | — | $-4.7M | ||
| Q4 25 | $52.4M | $-3.5M | ||
| Q3 25 | $58.3M | $-10.9M | ||
| Q2 25 | $7.5M | $2.6M | ||
| Q1 25 | $9.7M | $8.4M | ||
| Q4 24 | $46.5M | $30.5M | ||
| Q3 24 | $41.4M | $14.4M | ||
| Q2 24 | $25.4M | $-64.3M |
| Q1 26 | — | 52.7% | ||
| Q4 25 | — | 99.5% | ||
| Q3 25 | — | 75.6% | ||
| Q2 25 | — | 70.9% | ||
| Q1 25 | — | 77.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 79.4% | ||
| Q2 24 | — | 22.1% |
| Q1 26 | — | 34.7% | ||
| Q4 25 | 38.6% | 14.7% | ||
| Q3 25 | 47.4% | 14.2% | ||
| Q2 25 | 24.2% | 4.7% | ||
| Q1 25 | -14.2% | -1.5% | ||
| Q4 24 | 51.1% | 33.3% | ||
| Q3 24 | 32.8% | -3.2% | ||
| Q2 24 | 40.2% | -69.2% |
| Q1 26 | — | -3.9% | ||
| Q4 25 | 56.0% | -3.1% | ||
| Q3 25 | 58.7% | -9.4% | ||
| Q2 25 | 10.7% | 2.4% | ||
| Q1 25 | 21.8% | 9.9% | ||
| Q4 24 | 43.1% | 40.5% | ||
| Q3 24 | 51.2% | 18.5% | ||
| Q2 24 | 35.7% | -84.8% |
| Q1 26 | — | $-0.04 | ||
| Q4 25 | $0.49 | $0.00 | ||
| Q3 25 | $0.55 | $-0.10 | ||
| Q2 25 | $-0.04 | $0.00 | ||
| Q1 25 | $-0.01 | $0.07 | ||
| Q4 24 | $0.45 | $0.34 | ||
| Q3 24 | $0.36 | $0.12 | ||
| Q2 24 | $0.17 | $-0.65 |
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 | $68.4M |
| Total DebtLower is stronger | $1.1B | $391.3M |
| Stockholders' EquityBook value | $1.9B | $26.3M |
| Total Assets | $21.3B | $806.6M |
| Debt / EquityLower = less leverage | 0.58× | 14.87× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $68.4M | ||
| Q4 25 | $190.5M | $57.3M | ||
| Q3 25 | $181.0M | $85.0M | ||
| Q2 25 | $108.6M | $79.8M | ||
| Q1 25 | $204.2M | $70.4M | ||
| Q4 24 | $103.2M | $191.7M | ||
| Q3 24 | $102.8M | $238.6M | ||
| Q2 24 | $336.3M | $308.4M |
| Q1 26 | — | $391.3M | ||
| Q4 25 | $1.1B | $392.8M | ||
| Q3 25 | $299.0M | $387.1M | ||
| Q2 25 | $1.2B | $394.1M | ||
| Q1 25 | $968.4M | $409.2M | ||
| Q4 24 | $1.0B | $403.9M | ||
| Q3 24 | $5.2B | $399.0M | ||
| Q2 24 | $5.4B | $436.8M |
| Q1 26 | — | $26.3M | ||
| Q4 25 | $1.9B | $-24.6M | ||
| Q3 25 | $1.9B | $-27.9M | ||
| Q2 25 | $1.9B | $-29.3M | ||
| Q1 25 | $1.9B | $-52.4M | ||
| Q4 24 | $1.9B | $-43.2M | ||
| Q3 24 | $1.9B | $-77.0M | ||
| Q2 24 | $1.9B | $-101.9M |
| Q1 26 | — | $806.6M | ||
| Q4 25 | $21.3B | $797.4M | ||
| Q3 25 | $18.5B | $787.7M | ||
| Q2 25 | $16.8B | $770.7M | ||
| Q1 25 | $14.9B | $802.3M | ||
| Q4 24 | $14.4B | $814.0M | ||
| Q3 24 | $13.1B | $867.3M | ||
| Q2 24 | $12.1B | $876.1M |
| Q1 26 | — | 14.87× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-7.2B | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | -137.76× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-7.2B | $1.2M | ||
| Q3 25 | $-1.3B | $40.8M | ||
| Q2 25 | $-2.0B | $35.6M | ||
| Q1 25 | $-594.3M | $-11.2M | ||
| Q4 24 | $-2.7B | $-26.6M | ||
| Q3 24 | $-983.8M | $12.4M | ||
| Q2 24 | $243.8M | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1M | ||
| Q3 25 | — | $40.7M | ||
| Q2 25 | — | $35.4M | ||
| Q1 25 | — | $-11.2M | ||
| Q4 24 | — | $-26.8M | ||
| Q3 24 | — | $12.2M | ||
| Q2 24 | — | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 33.0% | ||
| Q1 25 | — | -13.3% | ||
| Q4 24 | — | -35.6% | ||
| Q3 24 | — | 15.7% | ||
| Q2 24 | — | -34.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | -137.76× | — | ||
| Q3 25 | -22.26× | — | ||
| Q2 25 | -267.53× | 13.79× | ||
| Q1 25 | -61.39× | -1.33× | ||
| Q4 24 | -58.08× | -0.87× | ||
| Q3 24 | -23.76× | 0.86× | ||
| Q2 24 | 9.59× | — |
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% |
PRCH
Segment breakdown not available.
