# Chimera Investment Corporation (CIM)

> Source: Nexqual · https://nexqual.com/CIM · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Chimera Investment Corporation (CIM), nexqual.com/CIM" · informational, not investment advice.

**Price:** USD 8.45 (+2.55% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 8.24 · day 8.24–8.6 · 52w 8.11–14.18 · market cap $707M · NYQ

## Key facts
- Valuation: P/E 583.7x (avg 6.7x at the last 3 fiscal year-ends), net cash $191M.
- Total return with dividends: 1Y -24.6% vs S&P 500 +14.9%; 5Y -66.2% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.49, revenue estimate $76.8M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Net income | $670M | -$513M | $126M | $176M | $230M | $1.2M |
| EPS (diluted) | $7.32 | -$7.53 | $0.68 | $1.10 | $1.72 | — |
| Cash + short-term investments | $386M | $265M | $222M | $84.0M | $279M | — |
| Total debt | $0K | — | $0K | $135M | $252M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 583.7x · P/B 0.3x · Earnings yield 0.17% · Dividend yield (paid, TTM) 18.67% · Net cash $191M · EV $515M
P/E at fiscal year-ends: Dec 2025 4.5x, Dec 2024 6.5x, Dec 2023 9.2x.

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-06 | Keefe, Bruyette & Woods | Target lowered | Market Perform | $15 → $14 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -24.6% | -66.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -24.6% | -19.5% |
| Volatility (annualized) | 26.7% | 36.4% |
| Max drawdown | -37.0% (May 2026→Oct 2026) | -69.0% (Nov 2021→Oct 2026) |

## Peers (REIT - Mortgage)
ADAM (Adamas Trust, Inc.) USD 7.73 +3.90% · MFA (MFA Financial, Inc.) USD 6.62 +2.32% · ARI (Apollo Commercial Real Estate F) USD 6.3 -0.63% · IVR (INVESCO MORTGAGE CAPITAL INC) USD 5.52 +1.85% · ABR (Arbor Realty Trust) USD 2.96 +2.07% · FBRT (Franklin BSP Realty Trust, Inc.) USD 6.25 +3.82%

## More
Full page: https://nexqual.com/CIM · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in CIM's own 10-K filed 2026-02-18 (https://www.sec.gov/Archives/edgar/data/1409493/000140949326000017/cim-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | HomeXpress Mortgage | "With the HomeXpress and Palisades acquisitions, we have embarked on our strategy of enhancing returns to our shareholders through diversification of revenue from fee-based income." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.48 | $0.53 | -8.1% | $76.8M | 4 |
| Next quarter (ends 2026-12-31) | $0.48 | $0.53 | -9.5% | $75.9M | 4 |
| Current fiscal year (ends 2026-12-31) | $1.99 | $2.12 | -6.3% | $302.1M | 4 |
| Next fiscal year (ends 2027-12-31) | $2.08 | $2.19 | -5.0% | $298.4M | 4 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-05): ±14.5%; last 8 reports averaged ±4.4%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 63.0% | ±14.5% |
| 2026-12-18 | 56 | 46.4% | ±15.7% |
| 2027-03-19 | 147 | 30.1% | ±15.7% |
| 2027-06-17 | 237 | 30.9% | ±20.4% |