AGNC Investment Corp. AGNC
AGNC Investment Corp. ("AGNC," the "Company," "we," "us" and "our") was organized on January 7, 2008 and commenced operations on May 20, 2008 following the completion of our initial public offering. Our common stock is traded on The Nasdaq Global Select Market under the symbol "AGNC."
We are a leading provider of private capital to the U.S. housing market, enhancing liquidity in the residential real estate mortgage markets and, in turn, facilitating home ownership in the U.S. We invest primarily in Agency residential mortgage-backed securities ("Agency RMBS") on a leveraged basis. These investments consist of residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government-sponsored enterprise, such as the Federal National Mortgage Association ("Fannie Mae") and the Federal Home Loan Mortgage Corporation ("Freddie Mac," and together with Fannie Mae, the "GSEs"), or by a U.S. Government agency, such as the Government National Mortgage Association ("Ginnie Mae").
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| SG&A | $40.0M | $36.0M | $34.0M | $33.0M | $34.0M | $37.0M | $36.0M | $55.0M | $31.0M | $34.0M |
| Total operating expenses | $127.0M | $110.0M | $96.0M | $74.0M | $88.0M | $93.0M | $83.0M | $100.0M | $73.0M | $105.0M |
| Interest expense | $675.0M | $18.0M | $246.0M | $965.0M | $75.0M | $674.0M | $2.15B | $1.17B | $524.0M | $394.0M |
| Net income | $1.67B | $863.0M | $155.0M | -$1.19B | $749.0M | -$266.0M | $688.0M | $129.0M | $771.0M | $623.0M |
| EPS, basic | 1.48 | 0.93 | 0.05 | -2.41 | 1.23 | -0.66 | 1.16 | 0.21 | 2.04 | 1.79 |
| EPS, diluted | 1.47 | 0.93 | 0.05 | -2.41 | 1.22 | -0.66 | 1.16 | 0.21 | 2.04 | 1.79 |
| Shares, diluted (wtd. avg.) | $1.02B | $786.0M | $619.6M | $537.0M | $530.0M | $551.6M | $541.4M | $441.4M | $358.7M | $331.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $450.0M | $505.0M | $518.0M | $2.33B | $1.52B | $2.32B | $1.28B | $1.52B | $1.36B | $1.28B |
| Goodwill | $526.0M | $526.0M | $526.0M | $526.0M | $526.0M | $526.0M | $526.0M | — | — | — |
| Total assets | $115.08B | $88.02B | $71.60B | $51.75B | $68.15B | $81.82B | $113.08B | $109.24B | — | — |
| Total liabilities | $102.68B | $78.25B | $63.34B | $43.88B | $57.86B | $70.74B | $102.04B | $99.33B | — | — |
| Retained earnings | -$8.52B | -$8.55B | -$8.15B | -$7.28B | -$5.21B | -$5.11B | -$3.89B | -$3.43B | — | — |
| Total equity | $12.39B | $9.76B | $8.26B | $7.87B | $10.29B | $11.08B | $11.04B | $9.91B | $8.75B | $7.36B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $653.0M | $86.0M | -$118.0M | $1.01B | $1.54B | $1.75B | $1.18B | $1.11B | $1.26B | $1.35B |
| Stock-based compensation | $26.0M | $18.0M | $11.0M | $2.0M | $19.0M | $18.0M | $13.0M | $6.0M | $4.0M | $1.0M |
| Investing cash flow | -$25.86B | -$11.17B | -$14.67B | $11.19B | $3.84B | $36.52B | -$14.22B | -$27.94B | -$11.06B | $3.20B |
| Financing cash flow | $25.18B | $11.08B | $14.23B | -$11.39B | -$6.17B | -$37.23B | $12.80B | $26.98B | $9.88B | -$5.66B |
| Dividends paid | $1.60B | $1.24B | $1.00B | $869.0M | $860.0M | $970.0M | $1.14B | $974.0M | $795.0M | $799.0M |
| Buybacks | — | $0 | $0 | $51.0M | $281.0M | $378.0M | $103.0M | $0 | $0 | $116.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001423689-26-000043.
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