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Side-by-side financial comparison of PennyMac Mortgage Investment Trust (PMT) and PTC THERAPEUTICS, INC. (PTCT). Click either name above to swap in a different company.

PTC THERAPEUTICS, INC. is the larger business by last-quarter revenue ($164.7M vs $93.6M, roughly 1.8× PennyMac Mortgage Investment Trust). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs -82.0%, a 137.9% gap on every dollar of revenue. On growth, PennyMac Mortgage Investment Trust posted the faster year-over-year revenue change (-13.3% vs -22.7%). Over the past eight quarters, PennyMac Mortgage Investment Trust's revenue compounded faster (12.3% CAGR vs -11.5%).

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.

PTC Therapeutics, Inc. is a US pharmaceutical company focused on the development of orally administered small molecule drugs and gene therapy which regulate gene expression by targeting post-transcriptional control (PTC) mechanisms in orphan diseases.

PMT vs PTCT — Head-to-Head

Bigger by revenue
PTCT
PTCT
1.8× larger
PTCT
$164.7M
$93.6M
PMT
Growing faster (revenue YoY)
PMT
PMT
+9.4% gap
PMT
-13.3%
-22.7%
PTCT
Higher net margin
PMT
PMT
137.9% more per $
PMT
56.0%
-82.0%
PTCT
Faster 2-yr revenue CAGR
PMT
PMT
Annualised
PMT
12.3%
-11.5%
PTCT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PMT
PMT
PTCT
PTCT
Revenue
$93.6M
$164.7M
Net Profit
$52.4M
$-135.0M
Gross Margin
Operating Margin
38.6%
-43.3%
Net Margin
56.0%
-82.0%
Revenue YoY
-13.3%
-22.7%
Net Profit YoY
12.5%
-104.8%
EPS (diluted)
$0.49
$-1.63

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
PMT
PMT
PTCT
PTCT
Q4 25
$93.6M
$164.7M
Q3 25
$99.2M
$211.0M
Q2 25
$70.2M
$178.9M
Q1 25
$44.5M
$1.2B
Q4 24
$107.9M
$213.2M
Q3 24
$80.9M
$196.8M
Q2 24
$71.2M
$186.7M
Q1 24
$74.2M
$210.1M
Net Profit
PMT
PMT
PTCT
PTCT
Q4 25
$52.4M
$-135.0M
Q3 25
$58.3M
$15.9M
Q2 25
$7.5M
$-64.8M
Q1 25
$9.7M
$866.6M
Q4 24
$46.5M
$-65.9M
Q3 24
$41.4M
$-106.7M
Q2 24
$25.4M
$-99.2M
Q1 24
$47.6M
$-91.6M
Operating Margin
PMT
PMT
PTCT
PTCT
Q4 25
38.6%
-43.3%
Q3 25
47.4%
1.4%
Q2 25
24.2%
-19.5%
Q1 25
-14.2%
82.5%
Q4 24
51.1%
-76.2%
Q3 24
32.8%
-27.7%
Q2 24
40.2%
-21.5%
Q1 24
43.6%
-21.6%
Net Margin
PMT
PMT
PTCT
PTCT
Q4 25
56.0%
-82.0%
Q3 25
58.7%
7.5%
Q2 25
10.7%
-36.3%
Q1 25
21.8%
73.7%
Q4 24
43.1%
-30.9%
Q3 24
51.2%
-54.2%
Q2 24
35.7%
-53.1%
Q1 24
64.2%
-43.6%
EPS (diluted)
PMT
PMT
PTCT
PTCT
Q4 25
$0.49
$-1.63
Q3 25
$0.55
$0.20
Q2 25
$-0.04
$-0.83
Q1 25
$-0.01
$10.04
Q4 24
$0.45
$-0.85
Q3 24
$0.36
$-1.39
Q2 24
$0.17
$-1.29
Q1 24
$0.39
$-1.20

Balance Sheet & Financial Strength

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

Metric
PMT
PMT
PTCT
PTCT
Cash + ST InvestmentsLiquidity on hand
$190.5M
$1.9B
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$1.9B
$-205.3M
Total Assets
$21.3B
$2.9B
Debt / EquityLower = less leverage
0.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PMT
PMT
PTCT
PTCT
Q4 25
$190.5M
$1.9B
Q3 25
$181.0M
$1.7B
Q2 25
$108.6M
$2.0B
Q1 25
$204.2M
$2.0B
Q4 24
$103.2M
$1.1B
Q3 24
$102.8M
$1.0B
Q2 24
$336.3M
$1.1B
Q1 24
$343.3M
$884.8M
Total Debt
PMT
PMT
PTCT
PTCT
Q4 25
$1.1B
Q3 25
$299.0M
Q2 25
$1.2B
Q1 25
$968.4M
Q4 24
$1.0B
Q3 24
$5.2B
Q2 24
$5.4B
Q1 24
$5.1B
Stockholders' Equity
PMT
PMT
PTCT
PTCT
Q4 25
$1.9B
$-205.3M
Q3 25
$1.9B
$-155.8M
Q2 25
$1.9B
$-206.5M
Q1 25
$1.9B
$-185.8M
Q4 24
$1.9B
$-1.1B
Q3 24
$1.9B
$-1.1B
Q2 24
$1.9B
$-980.2M
Q1 24
$2.0B
$-893.9M
Total Assets
PMT
PMT
PTCT
PTCT
Q4 25
$21.3B
$2.9B
Q3 25
$18.5B
$2.6B
Q2 25
$16.8B
$2.6B
Q1 25
$14.9B
$2.7B
Q4 24
$14.4B
$1.7B
Q3 24
$13.1B
$1.8B
Q2 24
$12.1B
$1.9B
Q1 24
$12.3B
$1.8B
Debt / Equity
PMT
PMT
PTCT
PTCT
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
PMT
PMT
PTCT
PTCT
Operating Cash FlowLast quarter
$-7.2B
$-34.3M
Free Cash FlowOCF − Capex
$-36.6M
FCF MarginFCF / Revenue
-22.3%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
-137.76×
TTM Free Cash FlowTrailing 4 quarters
$702.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PMT
PMT
PTCT
PTCT
Q4 25
$-7.2B
$-34.3M
Q3 25
$-1.3B
$-66.3M
Q2 25
$-2.0B
$-58.3M
Q1 25
$-594.3M
$870.1M
Q4 24
$-2.7B
$-30.0M
Q3 24
$-983.8M
$-77.0M
Q2 24
$243.8M
$-71.5M
Q1 24
$-342.4M
$70.8M
Free Cash Flow
PMT
PMT
PTCT
PTCT
Q4 25
$-36.6M
Q3 25
$-69.7M
Q2 25
$-59.6M
Q1 25
$868.4M
Q4 24
$-33.8M
Q3 24
$-77.5M
Q2 24
$-78.8M
Q1 24
$61.2M
FCF Margin
PMT
PMT
PTCT
PTCT
Q4 25
-22.3%
Q3 25
-33.1%
Q2 25
-33.3%
Q1 25
73.8%
Q4 24
-15.8%
Q3 24
-39.4%
Q2 24
-42.2%
Q1 24
29.1%
Capex Intensity
PMT
PMT
PTCT
PTCT
Q4 25
1.4%
Q3 25
1.6%
Q2 25
0.7%
Q1 25
0.1%
Q4 24
1.8%
Q3 24
0.3%
Q2 24
4.0%
Q1 24
4.6%
Cash Conversion
PMT
PMT
PTCT
PTCT
Q4 25
-137.76×
Q3 25
-22.26×
-4.17×
Q2 25
-267.53×
Q1 25
-61.39×
1.00×
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

PMT
PMT

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

PTCT
PTCT

Segment breakdown not available.

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