"In response to the shifting interest rate environment, we are adjusting our investment strategy to prioritize lower-risk, higher-yield assets that can provide better returns to our shareholders."
— CEO
03Detailed Report
0H6E.L
AGNC Investment Corp
Period
Q4 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 27, 2026
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Executive Summary
AGNC Investment Corp (0H6E.L) reported a challenging fourth quarter for 2024, with a notable decline in revenue and profitability indicators compared to prior quarters. The firm generated revenue of $154 million, down 65% year-over-year (YoY) and 59% quarter-over-quarter (QoQ). Despite the drop, AGNC's operating income improved significantly by 74.55% YoY, signaling some operational effectiveness amidst fluctuations in the external environment. However, net income saw a substantial reduction of 70.39% YoY, emphasizing the adverse effects of high interest expenses which totaled $741 million in the latest quarter.
Key Performance Indicators
Revenue
Decreasing
154.00M
QoQ: -59.04% | YoY: -65.00%
Gross Profit
Decreasing
154.00M
1.00% margin
QoQ: -59.04% | YoY: -82.64%
Operating Income
Increasing
871.00M
QoQ: -26.06% | YoY: 74.55%
Net Income
Decreasing
122.00M
QoQ: -64.74% | YoY: -70.39%
EPS
Decreasing
0.10
QoQ: -75.03% | YoY: -82.91%
Revenue Trend
Margin Analysis
Financial Highlights
1. Revenue: $154 million, YoY decrease of 65.00%, QoQ decrease of 59.04%.
2. Gross Profit: $154 million, representing a dramatic drop of 82.64% YoY.
3. Operating Income: Recorded at $871 million with an increase of 74.55% YoY, and a decrease of 26.06% QoQ, indicating better management of operational costs.
4. Net Income: $122 million, a decline of 70.39% YoY and 64.74% QoQ, attributed to high interest expenses.
5. EPS: At $0.0974, down 82.91% YoY, reflecting declining profitability.
The drastic decline in revenue and net income is indicative of market pressures, primarily stemming from interest rate hikes impacting REIT valuations.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
154.00M
-65.00%
-59.04%
Gross Profit
154.00M
-82.64%
-59.04%
Operating Income
871.00M
74.55%
-26.06%
Net Income
122.00M
-70.39%
-64.74%
EPS
0.10
-82.91%
-75.03%
Key Financial Ratios
Gross Profit Margin
Weak
1.00%
Gross profit margin is below industry norms, profitability concerns
Operating Profit Margin
Excellent
31.10%
Operating margin is exceptional, indicating strong pricing power and operational efficiency
Net Profit Margin
Fair
4.36%
Net profit margin is moderate, room for improvement in cost management
Return on Assets
Weak
0.14%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
1.25%
Return on equity suggests inefficient capital allocation
Debt to Equity
High Risk
7.94
Debt-to-equity indicates high leverage and elevated financial risk
P/E Ratio
Fair Value
16.57x
P/E ratio in line with market averages
Price to Book
Undervalued
0.83x
Trading below book value, potential value opportunity or distressed
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