"We continue to adapt our capital allocation strategies to ensure resilience amid changing market dynamics."
— Peter B. Jarett
03Detailed Report
0H6E.L
AGNC Investment Corp
Period
Q3 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 27, 2026
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Executive Summary
AGNC Investment Corp reported a robust financial performance in Q3 2024, with net income jumping 188.27% year-over-year to $346 million, translating to earnings per share (EPS) of $0.39. This reversal follows a challenging previous quarter where the company experienced a substantial loss. The significant increase in net income signals improved operational efficiency and effective management strategies in response to market conditions. Investors should note the strategic emphasis on liquidity and stability as AGNC navigates prevailing economic challenges.
The effective restructuring of the investment portfolio led to a gross profit margin of 100%, indicating robust revenue generation without proportional cost increases. This performance is augmented by disciplined cost management, illustrated by a decrease in total operating expenses compared to prior periods. Overall, AGNC's recovery trajectory may reinforce investor confidence, though sustained market volatility necessitates vigilant oversight of macroeconomic indicators.
Key Performance Indicators
Revenue
Increasing
376.00M
QoQ: -61.12% | YoY: 201.90%
Gross Profit
Increasing
376.00M
1.00% margin
QoQ: 1 666.67% | YoY: 149.41%
Operating Income
Increasing
1.18B
QoQ: 311.89% | YoY: 400.51%
Net Income
Increasing
346.00M
QoQ: 820.83% | YoY: 188.27%
EPS
Increasing
0.39
QoQ: 454.55% | YoY: 157.35%
Revenue Trend
Margin Analysis
Financial Highlights
### Revenue Performance
In Q3 2024, AGNC's revenue totaled $376 million, reflecting an impressive 201.90% year-over-year increase, albeit a significant decline of 61.12% compared to Q2 2024.
### Profitability Metrics
- Net Income increased by 188.27% YoY to $346 million.
- EPS also rose to $0.39, a considerable rise from Q2's loss per share of $0.11, showcasing sharp recovery.
### Balance Sheet Health
The company maintains total assets of $89.59 billion against liabilities of $79.93 billion, yielding a comfortable equity position of $9.66 billion. The asset-to-equity ratio of approximately 9.28 further emphasizes strong leverage but underscores the importance of prudent risk management particularly in volatile markets.
### Cash Flow Analysis
Net cash from operating activities registered at $7 million, underscoring a tight cash position, yet a dramatic negative cash flow of -$9.62 billion from investing activities due to significant purchases of investments prompts scrutiny of asset management strategy.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
376.00M
201.90%
-61.12%
Gross Profit
376.00M
149.41%
1 666.67%
Operating Income
1.18B
400.51%
311.89%
Net Income
346.00M
188.27%
820.83%
EPS
0.39
157.35%
454.55%
Key Financial Ratios
Gross Profit Margin
Weak
1.00%
Gross profit margin is below industry norms, profitability concerns
Operating Profit Margin
Weak
-2.16%
Operating margin is below industry norms, profitability concerns
Net Profit Margin
Weak
-0.63%
Net profit margin is below industry norms, profitability concerns
Return on Assets
Weak
0.39%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
3.58%
Return on equity suggests inefficient capital allocation
Debt to Equity
High Risk
8.19
Debt-to-equity indicates high leverage and elevated financial risk
P/E Ratio
Value
6.11x
P/E ratio suggests potential undervaluation or stable earnings
Price to Book
Undervalued
0.88x
Trading below book value, potential value opportunity or distressed
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