CIMCHIMERA INVESTMENT CORP
Real Estate Investment Trusts
- Revenue
- —
- Operating margin
- —
- EBITDA
- —
- Market cap
- $695M
- Employees
- 423
- Net debt / EBITDA
- —
- −$191M net debt
- AI in 10-K
- 1.6
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 2 of 7
- TSR below peersYes4 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashYes-108% of net incomeCash flow under 80% of net income
- Dilutive SBCNo—Over 10% of revenue
- Payouts exceed cash flowNo-49% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo96% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo1.6 per 10K words · 47th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$695M market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$0 netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Net income | $675M | −$513M | $126M | $176M | $230M | 31% |
| Operating cash flow | $519M | $326M | $213M | $206M | −$249M | 221% |
| Stock-based comp | $7M | $8M | $10M | $10M | $10M | 4.0% |
| Buybacks | $2M | $49M | $33M | $0 | $0 | |
| Dividends | $299M | $288M | $195M | $119M | $123M | 3.0% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 72 | 109 |
| FY2024 | — | — | 72 | 96 |
| FY2023 | — | — | 70 | 97 |
| FY2022 | — | — | 68 | 84 |
| FY2021 | — | — | 161 | 116 |