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AGNC Investment (AGNC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

AGNC Investment
NasdaqGS•Real Estate•REIT - Mortgage
$9.98+0.10(0.01%)Market open
Market Cap
$11.47B
P/E
5.1x
P/S
11.7x
P/B
0.9x

AGNC Investment Corp. provides private capital to housing market in the United States. It invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by the United States government-sponsored enterprise or by the United States government agency. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal or state corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as American Capital Agency Corp. and changed its name to AGNC Investment Corp. in September 2016. AGNC Investment Corp. was incorporated in 2008 and is headquartered in Bethesda, Maryland.

D

How this company scores

WeakMetricSide Score: 74/100

Grade capped at D — Interest coverage below 1× (0.3x) — earnings cannot cover interest. Strongest: Profitability (25/25); weakest: Balance Sheet & Red Flags (8/25).

Profitability25/25
Growth22/25
Balance Sheet & Red Flags8/25
Cash & Earnings Quality19/25
Strengths
Growing revenueRising free cash flowStrong marginsHigh ROE
Grade capped at D
  • Interest coverage below 1× (0.3x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 5.1x5y range 3.6x – 212.8x
P/E 5.1x · below its 15-quarter median

Currently below its 15-quarter median.

P/S · 11.7x5y range 4.4x – 402.6x
P/S 11.7x · near its 15-quarter median

Currently near its 15-quarter median.

P/B · 0.9x5y range 0.5x – 1.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 24.3% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 0.2x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume
Market Cap $11.47B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$978.00M
7Q
Q. Revenue
$305.00M
88%
TTM EBITDA
$708.00M
7Q
TTM Op. Income
$708.00M
7Q
Q. Op. Income
$245.00M
131%
TTM Net Income
$2.27B
499%
Q. Net Income
$654.00M
567%
EPS
$0.53
412%
Shares Out.
$1.16B
6Q
$978.00M in TTM revenue grew 162.9% YoY, reaching $305.00M last quarter. TTM EBITDA of $708.00M and TTM operating income of $708.00M show growth is flowing through to the bottom line. TTM net income of $2.27B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
80.3%
3Q
Op. Margin
80.3%
3Q
Net Margin
214.4%
348%
Op. margin of 80.3% is up 14.9% YoY — cost efficiency is improving. Net margin at 214.4% Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
5.1x
80%
P/S Ratio
11.7x
6Q
P/B Ratio
0.9x
1%
At 5.1x P/E, the stock trades below typical market levels. P/S of 11.7x and P/B of 0.9x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 80% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$121.76B
6Q
Cash
$457.00M
30%
Long-Term Debt
N/A
5Q
Book Value
$12.54B
21%
D/E Ratio
N/A
5Q
Debt/EBITDA
0.0
100%

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$218.00M
21%
TTM Free Cash Flow
$886.00M
7Q
FCF Margin
90.6%
26%
FCF / Net Income
0.4
68%
TTM FCF of $886.00M on $218.00M in operating cash flow. The FCF / Net Income ratio of 0.4x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has risen for 7 consecutive quarters — an improving trend.

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· near its 20-quarter median

Currently near its 20-quarter median.

Share Dilution

Red Flag

Shares outstanding increased 43.4% — significant dilution, likely from stock compensation or capital raises.