Chimera Investment Corp - Understand $cim stock

$CIM Market Cap: $1.192 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$752.3M

TTM

Gross Margin

30.02%

TTM

Net Earnings

$334.7M

TTM

Current Assets

$174.3M

Q3 2024

Current Liabilities

$3.444B

Q3 2024

Current Ratio

5.06%

Q3 2024

Total Assets

$13.70B

Q3 2024

Total Liabilities

$10.97B

Q3 2024

Book Value

$2.737B

Q3 2024

Cash

$97.33M

Q3 2024

P/E

3.562

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$741.7M	$696.6M	$982.9M	$1.197B	$1.382B	$1.271B	$1.148B	$952.2M	$949.8M	$779.5M	$493.5M	$674.6M	$759.4M	$593.4M	$287.7M	$105.3M	$3.500M
YoY Change	6.46%	-29.12%	-17.9%	-13.34%	8.73%	10.69%	20.55%	0.25%	21.85%	57.95%	-26.85%	-11.17%	27.97%	106.26%	173.22%	2908.57%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$741.7M	$696.6M	$982.9M	$1.197B	$1.382B	$1.271B	$1.148B	$952.2M	$949.8M	$779.5M	$493.5M	$674.6M	$759.4M	$593.4M	$287.7M	$105.3M	$3.500M
Cost Of Revenue	$542.2M	$369.3M	$363.2M	$553.6M	$795.1M	$719.9M	$574.4M	$379.0M	$309.2M	$180.3M	$128.0M	$176.1M	$186.8M	$187.4M	$60.80M	$69.00M	$1.600M
Gross Profit	$199.5M	$327.4M	$619.7M	$643.6M	$586.4M	$550.7M	$573.4M	$573.2M	$640.6M	$599.2M	$365.5M	$498.5M	$572.6M	$406.1M	$226.9M	$36.30M	$1.900M
Gross Profit Margin	26.9%	46.99%	63.05%	53.76%	42.45%	43.34%	49.95%	60.2%	67.45%	76.87%	74.06%	73.9%	75.4%	68.44%	78.87%	34.47%	54.29%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Selling, General & Admin	$55.69M	$72.03M	$69.07M	$70.20M	$75.40M	$59.10M	$47.90M	$44.40M	$42.20M	$31.80M	$16.70M	$14.00M	$7.300M	$6.000M	$4.100M	$4.100M	$500.0K
YoY Change	-22.69%	4.29%	-1.61%	-6.9%	27.58%	23.38%	7.88%	5.21%	32.7%	90.42%	19.29%	91.78%	21.67%	46.34%	0.0%	720.0%
% of Gross Profit	27.91%	22.0%	11.15%	10.91%	12.86%	10.73%	8.35%	7.75%	6.59%	5.31%	4.57%	2.81%	1.27%	1.48%	1.81%	11.29%	26.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$82.44M	$95.21M	$98.96M	$85.50M	$86.40M	$67.30M	$69.20M	-$33.20M	$43.60M	-$1.100M	$8.100M	$9.500M	$12.50M	$13.20M	$7.100M	$5.700M	$600.0K
YoY Change	-13.42%	-3.79%	15.74%	-1.04%	28.38%	-2.75%	-308.43%	-176.15%	-4063.64%	-113.58%	-14.74%	-24.0%	-5.3%	85.92%	24.56%	850.0%
Operating Profit	$117.1M	$232.1M	$520.7M	$558.1M	$500.0M	$483.4M	$504.2M	$606.4M	$597.0M	$600.3M	$357.4M	$489.0M	$560.1M	$392.9M	$219.8M	$30.60M	$1.300M
YoY Change	-49.57%	-55.42%	-6.7%	11.62%	3.43%	-4.13%	-16.85%	1.57%	-0.55%	67.96%	-26.91%	-12.69%	42.56%	78.75%	618.3%	2253.85%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Interest Expense	$5.263M	$333.3M	$326.6M	$516.2M	$758.8M	$679.1M	$532.7M	$347.9M	$259.4M	$147.8M	$102.0M	$126.6M	$11.94M	$7.749M	$9.871M	-$140.1M	-$4.200M
YoY Change	-98.42%	2.04%	-36.72%	-31.98%	11.74%	27.47%	53.15%	34.12%	75.5%	44.89%	-19.41%	959.86%	54.1%	-21.5%	-107.05%	3235.71%
% of Operating Profit	4.5%	143.58%	62.73%	92.49%	151.76%	140.49%	105.66%	57.36%	43.44%	24.62%	28.54%	25.88%	2.13%	1.97%	4.49%	-457.84%	-323.08%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Pretax Income	$126.2M	-$513.3M	$674.5M	$89.01M	$413.7M	$411.7M	$524.8M	$552.0M	$250.4M	$589.2M	$362.7M	$327.8M	$137.9M	$249.2M	$230.7M	-$119.8M	-$2.900M
YoY Change	-124.59%	-176.1%	657.78%	-78.49%	0.49%	-21.54%	-4.94%	120.5%	-57.51%	62.46%	10.65%	137.62%	-44.64%	8.0%	-292.57%	4031.03%
Income Tax	$102.0K	-$253.0K	$4.000M	$158.0K	$193.0K	$91.00K	$108.0K	$83.00K	$0.00	$2.000K	$2.000K	$1.000K	$606.0K	$756.0K	$1.000K	$0.00	$0.00
% Of Pretax Income	0.08%		0.59%	0.18%	0.05%	0.02%	0.02%	0.02%	0.0%	0.0%	0.0%	0.0%	0.44%	0.3%	0.0%
Net Earnings	$52.35M	-$513.1M	$670.1M	$88.85M	$413.6M	$411.6M	$524.7M	$551.9M	$250.3M	$589.2M	$362.7M	$327.8M	$137.3M	$248.4M	$230.7M	-$119.8M	-$2.900M
YoY Change	-110.2%	-176.56%	654.17%	-78.51%	0.46%	-21.54%	-4.94%	120.47%	-57.51%	62.46%	10.65%	138.67%	-44.72%	7.68%	-292.57%	4031.03%
Net Earnings / Revenue	7.06%	-73.65%	68.18%	7.42%	29.93%	32.4%	45.71%	57.97%	26.36%	75.59%	73.49%	48.59%	18.08%	41.86%	80.19%	-113.77%	-82.86%
Basic Earnings Per Share	$0.23	-$2.51	$2.55	$0.07	$1.82	$1.97	$2.62	$2.93	$1.25	$2.87	$1.77	$0.32	$0.13	$0.30	$0.46
Diluted Earnings Per Share	$0.23	-$2.51	$2.44	$0.07	$1.81	$1.96	$2.61	$2.92	$1.25	$2.87	$1.76	$0.32	$0.13	$0.30	$0.45	-$9.508M	-$386.7K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Cash & Short-Term Investments	$221.7M	$264.6M	$385.7M	$269.0M	$110.0M	$47.00M	$64.00M	$178.0M	$114.0M	$165.0M	$78.00M	$621.0M	$206.0M	$7.000M	$24.00M	$27.00M	$6.000M
YoY Change	-16.22%	-31.4%	43.4%	144.55%	134.04%	-26.56%	-64.04%	56.14%	-30.91%	111.54%	-87.44%	201.46%	2842.86%	-70.83%	-11.11%	350.0%
Cash & Equivalents	$221.7M	$264.6M	$385.7M	$269.0M	$110.0M	$47.00M	$64.00M	$178.0M	$114.0M	$165.0M	$78.00M	$621.0M	$206.0M	$7.000M	$24.00M	$27.00M	$6.000M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables				$0.00	$446.0M				$0.00	$1.572B	$254.0M
Other Receivables				$81.00M	$117.0M				$66.00M	$71.00M	$33.00M
Total Short-Term Assets	$298.6M	$326.4M	$455.3M	$350.0M	$673.0M	$170.0M	$165.0M	$258.0M	$180.0M	$1.808B	$365.0M	$660.0M	$255.0M	$56.00M	$57.00M	$37.00M	$277.0M
YoY Change	-8.49%	-28.31%	30.07%	-47.99%	295.88%	3.03%	-36.05%	43.33%	-90.04%	395.34%	-44.7%	158.82%	355.36%	-1.75%	54.05%	-86.64%
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.146B	$1.604B	$2.632B	$3.982B	$11.96B	$14.68B	$7.216B	$7.498B	$10.19B	$11.85B	$5.772B	$5.768B	$7.233B	$7.663B	$4.089B	$855.0M	$1.287B
YoY Change	-28.53%	-39.06%	-33.9%	-66.69%	-18.53%	103.37%	-3.76%	-26.43%	-13.97%	105.23%	0.07%	-20.25%	-5.61%	87.41%	378.25%	-33.57%
Other Assets																$0.00	$1.000M
YoY Change																-100.0%
Total Long-Term Assets	$12.63B	$13.08B	$14.95B	$17.17B	$26.45B	$27.54B	$21.06B	$16.43B	$15.17B	$17.35B	$6.571B	$7.082B	$7.492B	$8.013B	$4.561B	$1.441B	$1.289B
YoY Change	-3.41%	-12.55%	-12.93%	-35.06%	-3.97%	30.78%	28.19%	8.32%	-12.58%	163.99%	-7.22%	-5.47%	-6.5%	75.69%	216.52%	11.79%
Total Assets	$12.93B	$13.40B	$15.41B	$17.52B	$27.12B	$27.71B	$21.22B	$16.69B	$15.35B	$19.16B	$6.936B	$7.742B	$7.747B	$8.069B	$4.618B	$1.478B	$1.566B
YoY Change
Accounts Payable	$168.2M	$25.90M	$489.0M	$112.0M	$1.263B	$1.153B	$585.0M	$537.0M	$572.0M	$1.848B	$2.000M	$1.000M	$2.000M	$128.0M	$0.00	$0.00	$751.0M
YoY Change	549.65%	-94.7%	336.6%	-91.13%	9.54%	97.09%	8.94%	-6.12%	-69.05%	92300.0%	100.0%	-50.0%	-98.44%			-100.0%
Accrued Expenses	$38.27M	$30.70M	$20.42M	$41.00M	$64.00M	$110.0M	$62.00M	$49.00M	$37.00M	$32.00M	$7.000M	$11.00M	$11.00M	$12.00M	$3.000M	$2.000M	$0.00
YoY Change	24.68%	50.35%	-50.2%	-35.94%	-41.82%	77.42%	26.53%	32.43%	15.63%	357.14%	-36.36%	0.0%	-8.33%	300.0%	50.0%
Deferred Revenue
YoY Change
Short-Term Debt	$2.432B	$3.435B	$3.262B	$4.637B	$13.43B	$14.03B	$7.250B	$5.601B	$7.439B	$8.455B	$1.659B	$1.528B	$2.673B	$1.809B	$1.975B	$562.0M	$271.0M
YoY Change	-29.19%	5.31%	-29.66%	-65.47%	-4.29%	93.52%	29.44%	-24.71%	-12.02%	409.64%	8.57%	-42.84%	47.76%	-8.41%	251.42%	107.38%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$2.693B	$3.556B	$3.857B	$4.867B	$14.85B	$15.39B	$7.992B	$6.284B	$8.138B	$10.44B	$1.972B	$1.640B	$2.812B	$2.136B	$2.100B	$573.0M	$1.023B
YoY Change	-24.26%	-7.81%	-20.75%	-67.23%	-3.48%	92.56%	27.18%	-22.78%	-22.03%	429.31%	20.24%	-41.68%	31.65%	1.71%	266.49%	-43.99%
Long-Term Debt	$7.677B	$7.179B	$7.814B	$8.877B	$8.313B	$8.615B	$9.594B	$7.275B	$4.250B	$5.095B	$1.604B	$2.506B	$1.843B	$2.245B	$390.0M	$489.0M	$0.00
YoY Change	6.93%	-8.12%	-11.97%	6.78%	-3.51%	-10.2%	31.88%	71.18%	-16.58%	217.64%	-35.99%	35.97%	-17.91%	475.64%	-20.25%
Other Long-Term Liabilities						$0.00	$0.00	$2.000M	$10.00M	$14.00M	$30.00M	$54.00M	$44.00M	$10.00M	$0.00	$0.00	$4.000M
YoY Change							-100.0%	-80.0%	-28.57%	-53.33%	-44.44%	22.73%	340.0%			-100.0%
Total Long-Term Liabilities	$7.677B	$7.179B	$7.814B	$8.877B	$8.313B	$8.615B	$9.594B	$7.277B	$4.260B	$5.109B	$1.634B	$2.560B	$1.887B	$2.255B	$390.0M	$489.0M	$4.000M
YoY Change	6.93%	-8.12%	-11.97%	6.78%	-3.51%	-10.2%	31.84%	70.82%	-16.62%	212.67%	-36.17%	35.67%	-16.32%	478.21%	-20.25%	12125.0%
Total Liabilities	$10.37B	$10.74B	$11.67B	$13.74B	$23.17B	$24.01B	$17.59B	$13.56B	$12.40B	$15.55B	$3.605B	$4.200B	$4.700B	$4.391B	$2.492B	$1.063B	$1.027B
YoY Change	-3.4%	-8.02%	-15.08%	-40.67%	-3.5%	36.49%	29.69%	9.38%	-20.25%	331.26%	-14.17%	-10.64%	7.04%	76.2%	134.43%	3.51%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Basic Shares Outstanding	230.1M shares	233.9M shares	233.8M shares	213.0M shares	187.2M shares	187.1M shares	187.8M shares	187.7M shares	199.6M shares	205.5M shares	205.4M shares	1.027B shares	1.026B shares	821.7M shares	506.0M shares
Diluted Shares Outstanding	232.6M shares	233.9M shares	245.5M shares	226.4M shares	188.4M shares	187.7M shares	188.3M shares	188.0M shares	199.7M shares	205.5M shares	205.5M shares	1.027B shares	1.027B shares	822.6M shares	507.0M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.1921 Billion

About CHIMERA INVESTMENT CORP

Chimera Investment Corp is a US-based company operating in Mortgage Real Estate Investment Trusts (REITs) industry. The company is headquartered in New York City, New York and currently employs 39 full-time employees. The company went IPO on 2007-11-16. Chimera Investment Corporation is a real estate investment trust (REIT). The firm is primarily engaged in the business of investing in a diversified portfolio of mortgage assets, including residential mortgage loans, agency residential mortgage-backed securities (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), and other real estate-related assets. The firm invests in residential mortgage loans through secondary market purchases from banks, non-bank financial institutions, and agencies. Its residential mortgage loan portfolio is comprised of residential mortgage loans, business purpose loans, and investor loans. The company also invests in investment grade, non-investment grade and non-rated non-agency RMBS. The firm is focused on investing in commercial mortgage loans consisting of first or second lien loans secured by multifamily properties. The company is also focused on investing in securities issued in various collateralized debt obligations (CDOs), and others.

Industry: Real Estate Investment Trusts Peers: ANNALY CAPITAL MANAGEMENT INC Apollo Commercial Real Estate Finance, Inc. ARBOR REALTY TRUST INC BLACKSTONE MORTGAGE TRUST, INC. Claros Mortgage Trust, Inc. HA Sustainable Infrastructure Capital, Inc. Ladder Capital Corp Rithm Capital Corp. Ready Capital Corp TWO HARBORS INVESTMENT CORP.