Invesco Mortgage Capital Inc. - Understand $ivr stock

$IVR Market Cap: $505.9 Million

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Financial Snapshot

Revenue

$273.4M

TTM

Gross Margin

7.25%

TTM

Net Earnings

$78.66M

TTM

Current Assets

$74.99M

Q3 2024

Current Liabilities

$5.225B

Q3 2024

Current Ratio

1.44%

Q3 2024

Total Assets

$6.082B

Q3 2024

Total Liabilities

$5.225B

Q3 2024

Book Value

$857.0M

Q3 2024

Cash

$48.25M

Q3 2024

P/E

6.432

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
Revenue	$277.9M	$194.5M	$169.2M	$280.2M	$778.4M	$643.0M	$545.1M	$478.7M	$650.1M	$687.1M	$682.4M	$566.8M	$453.4M	$134.2M	$23.50M	$0.00
YoY Change	42.88%	14.96%	-39.61%	-64.01%	21.05%	17.97%	13.86%	-26.37%	-5.38%	0.69%	20.4%	25.01%	237.85%	471.06%

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
Revenue	$277.9M	$194.5M	$169.2M	$280.2M	$778.4M	$643.0M	$545.1M	$478.7M	$650.1M	$687.1M	$682.4M	$566.8M	$453.4M	$134.2M	$23.50M	$0.00
Cost Of Revenue	$250.9M	$88.17M	$31.79M	$135.4M	$510.5M	$379.6M	$234.1M	$191.9M	$316.6M	$319.5M	$374.9M	$273.1M	$181.5M	$37.60M	$6.100M
Gross Profit	$37.41M	$126.0M	$159.4M	$168.5M	$267.9M	$263.4M	$310.9M	$286.8M	$333.5M	$367.6M	$307.5M	$293.8M	$271.9M	$96.60M	$17.40M
Gross Profit Margin	13.46%	64.8%	94.21%	60.14%	34.42%	40.96%	57.04%	59.91%	51.3%	53.5%	45.06%	51.83%	59.97%	71.98%	74.04%

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
Selling, General & Admin	$7.440M	$8.418M	$8.153M	$8.300M	$8.000M	$7.100M	$7.200M	$7.300M	$16.00M	$15.30M	$10.50M	$4.000M	$3.900M	$4.000M	$2.000M	$0.00
YoY Change	-11.62%	3.25%	-1.77%	3.75%	12.68%	-1.39%	-1.37%	-54.38%	4.58%	45.71%	162.5%	2.56%	-2.5%	100.0%
% of Gross Profit	19.89%	6.68%	5.11%	4.93%	2.99%	2.7%	2.32%	2.55%	4.8%	4.16%	3.41%	1.36%	1.43%	4.14%	11.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$19.73M	$25.32M	$29.23M	$40.23M	$46.17M	$47.79M	$44.75M	$41.81M	$54.62M	$52.87M	$53.14M	$39.68M	$30.12M	$12.09M	$2.000M	$0.00
YoY Change	-22.09%	-13.37%	-27.34%	-12.87%	-3.39%	6.81%	7.03%	-23.46%	3.32%	-0.52%	33.92%	31.76%	149.05%	504.65%
Operating Profit	$17.68M	$100.7M	$130.2M	$128.3M	$221.7M	$215.6M	$266.2M	$245.0M	$278.9M	$314.7M	$254.4M	$254.1M	$241.8M	$84.51M	$15.40M
YoY Change	-82.45%	-22.63%	1.49%	-42.15%	2.84%	-18.99%	8.64%	-12.15%	-11.39%	23.74%	0.09%	5.1%	186.11%	448.75%

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
Interest Expense	$228.2M	$51.56M	-$11.29M	$82.26M	$472.3M	$338.9M	$196.6M	$157.4M	$278.0M	$281.9M	$332.3M	$237.4M	$155.2M	$29.56M	$2.100M
YoY Change	342.65%	-556.69%	-113.72%	-82.58%	39.38%	72.37%	24.94%	-43.39%	-1.39%	-15.16%	39.95%	52.93%	425.24%	1307.43%
% of Operating Profit	1290.89%	51.19%	-8.67%	64.13%	213.02%	157.17%	73.86%	64.23%	99.67%	89.57%	130.62%	93.42%	64.21%	34.97%	13.64%
Other Income/Expense, Net	-$320.0K	$0.00	$1.768M	-$1.800M
YoY Change		-100.0%	-198.22%

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
Pretax Income	-$15.86M	-$402.9M	-$90.00M	-$1.674B	$364.1M	-$70.50M	$353.1M	$257.7M	$114.1M	-$217.5M	$159.8M	$342.8M	$286.8M	$103.7M	$17.50M	$0.00
YoY Change	-96.06%	347.69%	-94.62%	-559.87%	-616.45%	-119.97%	37.02%	125.85%	-152.46%	-236.11%	-53.38%	19.53%	176.57%	492.57%
Income Tax													$0.00	$0.00	$0.00	$0.00
% Of Pretax Income													0.0%	0.0%	0.0%
Net Earnings	-$15.86M	-$402.9M	-$90.00M	-$1.674B	$364.1M	-$70.79M	$348.6M	$254.4M	$112.7M	-$215.1M	$158.2M	$339.9M	$281.9M	$98.40M	$15.10M	$0.00
YoY Change	-96.06%	347.69%	-94.62%	-559.86%	-614.34%	-120.31%	37.03%	125.72%	-152.41%	-235.98%	-53.47%	20.56%	186.5%	551.65%
Net Earnings / Revenue	-5.71%	-207.15%	-53.19%	-597.63%	46.78%	-11.01%	63.96%	53.15%	17.34%	-31.3%	23.18%	59.97%	62.18%	73.32%	64.26%
Basic Earnings Per Share	-$0.85	-$12.21	-$0.48	-$9.89	$2.42	-$1.03	$2.87	$2.07	$0.74	-$1.89	$1.11	$2.89	$3.27
Diluted Earnings Per Share	-$0.85	-$12.21	-$0.48	-$9.89	$2.42	-$1.03	$2.75	$1.98	$0.74	-$1.89	$1.11	$2.89	$3.27	$3.075M	$2.517M	$0.00

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
Cash & Short-Term Investments	$76.97M	$175.5M	$357.1M	$148.0M	$173.0M	$136.0M	$88.00M	$162.0M	$53.00M	$164.0M	$211.0M	$286.0M	$197.0M	$64.00M	$24.00M	$0.00
YoY Change	-56.15%	-50.85%	141.31%	-14.45%	27.21%	54.55%	-45.68%	205.66%	-67.68%	-22.27%	-26.22%	45.18%	207.81%	166.67%
Cash & Equivalents	$76.97M	$175.5M	$357.1M	$148.0M	$173.0M	$136.0M	$88.00M	$162.0M	$53.00M	$164.0M	$211.0M	$286.0M	$197.0M	$64.00M	$24.00M	$0.00
Short-Term Investments
Other Short-Term Assets		$1.179M	$1.518M	$2.000M	$1.000M	$1.000M	$1.000M	$2.000M	$1.000M
YoY Change		-22.33%	-24.1%	100.0%	0.0%	0.0%	-50.0%	100.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$103.6M	$201.0M	$383.4M	$167.0M	$275.0M	$217.0M	$163.0M	$294.0M	$319.0M	$260.0M	$728.0M	$286.0M	$197.0M	$64.00M	$24.00M
YoY Change	-48.48%	-47.56%	129.58%	-39.27%	26.73%	33.13%	-44.56%	-7.84%	22.69%	-64.29%	154.55%	45.18%	207.81%	166.67%
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$5.057B	$4.792B	$7.817B	$8.189B	$21.79B	$17.42B	$18.22B	$15.02B	$16.10B	$17.36B	$17.40B	$18.51B	$14.28B	$5.633B	$807.0M
YoY Change	5.52%	-38.69%	-4.55%	-62.43%	25.1%	-4.37%	21.33%	-6.76%	-7.21%	-0.28%	-5.96%	29.57%	153.56%	598.02%
Other Assets	$121.7M	$103.2M	$219.9M	$245.0M	$117.0M	$0.00				$13.00M	$14.00M	$0.00	$74.00M	$101.0M	$15.00M	$1.000M
YoY Change	17.84%	-53.05%	-10.24%	109.4%						-7.14%		-100.0%	-26.73%	573.33%	1400.0%
Total Long-Term Assets	$5.181B	$4.896B	$8.060B	$8.466B	$22.07B	$17.60B	$18.49B	$15.41B	$16.45B	$20.97B	$19.62B	$18.63B	$14.58B	$5.798B	$829.0M
YoY Change	5.81%	-39.25%	-4.79%	-61.64%	25.43%	-4.85%	20.0%	-6.3%	-21.57%	6.87%	5.34%	27.81%	151.38%	599.4%
Total Assets	$5.284B	$5.097B	$8.444B	$8.633B	$22.35B	$17.81B	$18.66B	$15.71B	$16.77B	$21.23B	$20.35B	$18.92B	$14.77B	$5.862B	$853.0M	$1.000M
YoY Change
Accounts Payable	$5.203M	$5.818M	$6.489M	$6.000M	$111.0M	$144.0M	$16.00M	$19.00M	$11.00M	$27.00M	$40.00M	$73.00M	$116.0M	$376.0M	$1.000M	$1.000M
YoY Change	-10.57%	-10.34%	8.15%	-94.59%	-22.92%	800.0%	-15.79%	72.73%	-59.26%	-32.5%	-45.21%	-37.07%	-69.15%	37500.0%	0.0%
Accrued Expenses	$15.79M	$20.55M	$1.171M	$1.000M	$44.00M	$38.00M	$18.00M	$21.00M	$22.00M	$30.00M	$26.00M	$15.00M	$12.00M	$3.000M	$1.000M
YoY Change	-23.16%	1654.57%	17.1%	-97.73%	15.79%	111.11%	-14.29%	-4.55%	-26.67%	15.38%	73.33%	25.0%	300.0%	200.0%
Deferred Revenue
YoY Change
Short-Term Debt	$4.459B	$4.235B	$6.988B	$7.229B	$17.53B	$13.60B	$14.08B	$11.16B	$12.13B	$13.62B	$15.45B	$15.72B	$12.25B	$4.345B	$546.0M	$0.00
YoY Change	5.29%	-39.4%	-3.34%	-58.77%	28.89%	-3.4%	26.16%	-7.96%	-10.99%	-11.84%	-1.7%	28.3%	182.0%	695.79%
Long-Term Debt Due					$300.0M
YoY Change
Total Short-Term Liabilities	$4.502B	$4.291B	$7.021B	$7.259B	$17.95B	$13.71B	$14.16B	$11.24B	$12.22B	$13.73B	$15.64B	$15.89B	$12.46B	$4.774B	$559.0M	$1.000M
YoY Change	4.9%	-38.88%	-3.28%	-59.57%	30.95%	-3.17%	26.0%	-8.01%	-11.04%	-12.18%	-1.57%	27.53%	160.93%	754.03%	55800.0%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$1.350B	$1.650B	$1.793B	$2.047B	$2.045B	$4.580B	$2.044B	$0.00	$0.00	$0.00	$80.00M	$0.00
YoY Change				-100.0%	-18.18%	-7.98%	-12.41%	0.1%	-55.35%	124.07%				-100.0%
Other Long-Term Liabilities	$0.00	$2.079M	$14.36M	$6.000M	$0.00	$23.00M	$33.00M	$134.0M	$238.0M	$254.0M	$263.0M	$436.0M	$397.0M	$38.00M	$4.000M
YoY Change	-100.0%	-85.52%	139.27%		-100.0%	-30.3%	-75.37%	-43.7%	-6.3%	-3.42%	-39.68%	9.82%	944.74%	850.0%
Total Long-Term Liabilities	$0.00	$2.079M	$14.36M	$6.000M	$1.350B	$1.673B	$1.826B	$2.181B	$2.283B	$4.834B	$2.307B	$436.0M	$397.0M	$38.00M	$84.00M	$0.00
YoY Change	-100.0%	-85.52%	139.27%	-99.56%	-19.31%	-8.38%	-16.28%	-4.47%	-52.77%	109.54%	429.13%	9.82%	944.74%	-54.76%
Total Liabilities	$4.502B	$4.293B	$7.042B	$7.266B	$19.42B	$15.53B	$16.03B	$13.47B	$14.53B	$18.62B	$17.98B	$16.36B	$12.88B	$4.843B	$673.0M	$1.000M
YoY Change	4.85%	-39.03%	-3.09%	-62.58%	25.04%	-3.12%	19.03%	-7.3%	-21.99%	3.59%	9.89%	27.0%	165.95%	619.61%	67200.0%

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
Basic Shares Outstanding	44.07M shares	34.16M shares	275.1M shares	173.7M shares	132.3M shares	111.6M shares	111.6M shares	112.0M shares	121.4M shares	123.1M shares	132.7M shares	115.6M shares	86.37M shares	26.04M shares
Diluted Shares Outstanding	44.07M shares	34.16M shares	275.1M shares	173.7M shares	132.3M shares	111.6M shares	123.0M shares	130.3M shares	122.8M shares	124.5M shares	134.2M shares	117.0M shares	87.80M shares	27.47M 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: $505.88 Million

About Invesco Mortgage Capital Inc.

Invesco Mortgage Capital, Inc. is a real estate investment trust, which engages in the business of investing, financing, and managing mortgage-backed securities and other mortgage-related assets. The company is headquartered in Atlanta, Georgia. The company went IPO on 2009-06-26. Its objective is to provide attractive risk-adjusted returns to its stockholders, through dividends and secondarily through capital appreciation. The company invests in residential mortgage-backed securities (RMBS) that are guaranteed by a United States government agency, such as the Government National Mortgage Association (Ginnie Mae), or a federally chartered corporation, such as the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) (Agency RMBS). The company also invests in commercial mortgage-backed securities (CMBS) and RMBS that are not guaranteed by a United States government agency or a federally chartered corporation, as well as commercial mortgage loans, TBAs and other real estate-related investments. The company conducts its business through its subsidiary, IAS Operating Partnership L.P.

Industry: Real Estate Investment Trusts Peers: Advanced Flower Capital Inc. Angel Oak Mortgage REIT, Inc. ANNALY CAPITAL MANAGEMENT INC Ares Commercial Real Estate Corp Armour Residential REIT, Inc. Chicago Atlantic Real Estate Finance, Inc. DYNEX CAPITAL INC Granite Point Mortgage Trust Inc. Orchid Island Capital, Inc. TPG RE Finance Trust, Inc.