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Side-by-side financial comparison of PennyMac Mortgage Investment Trust (PMT) and Repay Holdings Corp (RPAY). 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 $78.6M, roughly 1.2× Repay Holdings Corp). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs -178.3%, a 234.3% gap on every dollar of revenue. On growth, Repay Holdings Corp posted the faster year-over-year revenue change (0.4% vs -13.3%). Over the past eight quarters, PennyMac Mortgage Investment Trust's revenue compounded faster (12.3% CAGR vs -1.3%).
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.
Repay Holdings Corp is a leading payment technology provider delivering integrated end-to-end payment processing solutions for businesses across North America. Its offerings include credit/debit card processing, ACH transfer services, POS system integrations and digital payment tools, serving retail, healthcare, automotive and e-commerce segments to help clients streamline transaction workflows and boost operational efficiency.
PMT vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $93.6M | $78.6M |
| Net Profit | $52.4M | $-140.1M |
| Gross Margin | — | 74.2% |
| Operating Margin | 38.6% | -182.2% |
| Net Margin | 56.0% | -178.3% |
| Revenue YoY | -13.3% | 0.4% |
| Net Profit YoY | 12.5% | -3304.1% |
| EPS (diluted) | $0.49 | $-1.68 |
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 | $78.6M | ||
| Q3 25 | $99.2M | $77.7M | ||
| Q2 25 | $70.2M | $75.6M | ||
| Q1 25 | $44.5M | $77.3M | ||
| Q4 24 | $107.9M | $78.3M | ||
| Q3 24 | $80.9M | $79.1M | ||
| Q2 24 | $71.2M | $74.9M | ||
| Q1 24 | $74.2M | $80.7M |
| Q4 25 | $52.4M | $-140.1M | ||
| Q3 25 | $58.3M | $-6.4M | ||
| Q2 25 | $7.5M | $-102.3M | ||
| Q1 25 | $9.7M | $-7.9M | ||
| Q4 24 | $46.5M | $-4.1M | ||
| Q3 24 | $41.4M | $3.2M | ||
| Q2 24 | $25.4M | $-4.1M | ||
| Q1 24 | $47.6M | $-5.2M |
| Q4 25 | — | 74.2% | ||
| Q3 25 | — | 74.4% | ||
| Q2 25 | — | 75.7% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.3% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 78.2% | ||
| Q1 24 | — | 76.2% |
| Q4 25 | 38.6% | -182.2% | ||
| Q3 25 | 47.4% | -3.9% | ||
| Q2 25 | 24.2% | -138.7% | ||
| Q1 25 | -14.2% | -4.7% | ||
| Q4 24 | 51.1% | -1.5% | ||
| Q3 24 | 32.8% | -0.9% | ||
| Q2 24 | 40.2% | -4.6% | ||
| Q1 24 | 43.6% | -3.1% |
| Q4 25 | 56.0% | -178.3% | ||
| Q3 25 | 58.7% | -8.3% | ||
| Q2 25 | 10.7% | -135.2% | ||
| Q1 25 | 21.8% | -10.3% | ||
| Q4 24 | 43.1% | -5.3% | ||
| Q3 24 | 51.2% | 4.1% | ||
| Q2 24 | 35.7% | -5.4% | ||
| Q1 24 | 64.2% | -6.5% |
| Q4 25 | $0.49 | $-1.68 | ||
| Q3 25 | $0.55 | $-0.08 | ||
| Q2 25 | $-0.04 | $-1.15 | ||
| Q1 25 | $-0.01 | $-0.09 | ||
| Q4 24 | $0.45 | $-0.04 | ||
| Q3 24 | $0.36 | $0.03 | ||
| Q2 24 | $0.17 | $-0.04 | ||
| Q1 24 | $0.39 | $-0.06 |
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 | $115.7M |
| Total DebtLower is stronger | $1.1B | $280.1M |
| Stockholders' EquityBook value | $1.9B | $484.4M |
| Total Assets | $21.3B | $1.2B |
| Debt / EquityLower = less leverage | 0.58× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $190.5M | $115.7M | ||
| Q3 25 | $181.0M | $95.7M | ||
| Q2 25 | $108.6M | $162.6M | ||
| Q1 25 | $204.2M | $165.5M | ||
| Q4 24 | $103.2M | $189.5M | ||
| Q3 24 | $102.8M | $168.7M | ||
| Q2 24 | $336.3M | $147.1M | ||
| Q1 24 | $343.3M | $128.3M |
| Q4 25 | $1.1B | $280.1M | ||
| Q3 25 | $299.0M | $279.5M | ||
| Q2 25 | $1.2B | $279.0M | ||
| Q1 25 | $968.4M | $497.6M | ||
| Q4 24 | $1.0B | $496.8M | ||
| Q3 24 | $5.2B | $496.2M | ||
| Q2 24 | $5.4B | $435.6M | ||
| Q1 24 | $5.1B | $434.9M |
| Q4 25 | $1.9B | $484.4M | ||
| Q3 25 | $1.9B | $616.9M | ||
| Q2 25 | $1.9B | $633.7M | ||
| Q1 25 | $1.9B | $755.7M | ||
| Q4 24 | $1.9B | $761.3M | ||
| Q3 24 | $1.9B | $754.7M | ||
| Q2 24 | $1.9B | $815.4M | ||
| Q1 24 | $2.0B | $813.8M |
| Q4 25 | $21.3B | $1.2B | ||
| Q3 25 | $18.5B | $1.3B | ||
| Q2 25 | $16.8B | $1.4B | ||
| Q1 25 | $14.9B | $1.5B | ||
| Q4 24 | $14.4B | $1.6B | ||
| Q3 24 | $13.1B | $1.6B | ||
| Q2 24 | $12.1B | $1.5B | ||
| Q1 24 | $12.3B | $1.5B |
| Q4 25 | 0.58× | 0.58× | ||
| Q3 25 | 0.16× | 0.45× | ||
| Q2 25 | 0.65× | 0.44× | ||
| Q1 25 | 0.51× | 0.66× | ||
| Q4 24 | 0.52× | 0.65× | ||
| Q3 24 | 2.70× | 0.66× | ||
| Q2 24 | 2.76× | 0.53× | ||
| Q1 24 | 2.60× | 0.53× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | — | $23.2M |
| FCF MarginFCF / Revenue | — | 29.6% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | -137.76× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-7.2B | $23.3M | ||
| Q3 25 | $-1.3B | $32.2M | ||
| Q2 25 | $-2.0B | $33.1M | ||
| Q1 25 | $-594.3M | $2.5M | ||
| Q4 24 | $-2.7B | $34.3M | ||
| Q3 24 | $-983.8M | $60.1M | ||
| Q2 24 | $243.8M | $31.0M | ||
| Q1 24 | $-342.4M | $24.8M |
| Q4 25 | — | $23.2M | ||
| Q3 25 | — | $32.1M | ||
| Q2 25 | — | $33.0M | ||
| Q1 25 | — | $2.4M | ||
| Q4 24 | — | $34.0M | ||
| Q3 24 | — | $59.8M | ||
| Q2 24 | — | $30.5M | ||
| Q1 24 | — | $24.7M |
| Q4 25 | — | 29.6% | ||
| Q3 25 | — | 41.3% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 43.5% | ||
| Q3 24 | — | 75.6% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 30.6% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | -137.76× | — | ||
| Q3 25 | -22.26× | — | ||
| Q2 25 | -267.53× | — | ||
| Q1 25 | -61.39× | — | ||
| Q4 24 | -58.08× | — | ||
| Q3 24 | -23.76× | 18.52× | ||
| 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
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
