ORCOrchid Island Capital, Inc.
Real Estate Investment Trusts
- Revenue
- —
- Operating margin
- —
- EBITDA
- —
- Market cap
- $934M
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- 0.0
- mentions per 10K words
Takeover score 5 of 13
Fixable underperformance 3 of 7
- TSR below peersYes5 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$512K medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashYes76% of net incomeCash flow under 80% of net income
- Dilutive SBCNo—Over 10% of revenue
- Payouts exceed cash flowYes155% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo91% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AIYes0.0 per 10K words · 0th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$934M 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 | −$65M | −$258M | −$39M | $38M | $159M | 322% |
| Operating cash flow | $96M | $289M | $8M | $67M | $120M | 80% |
| Stock-based comp | $772K | $685K | $1M | $553K | $309K | 44% |
| Buybacks | $299K | $25M | $10M | $3M | $7M | 113% |
| Dividends | $91M | $93M | $81M | $93M | $179M | 93% |
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 | $0 | $19K | 67 | 114 |
| FY2024 | $220K | $249K | 60 | 98 |
| FY2023 | $616K | $491K | 54 | 98 |
| FY2022 | $512K | $265K | 56 | 85 |
| FY2021 | $738K | $689K | 100 | 116 |