PCM Fund Inc.

NYSE:PCM Stock Report

Market Cap: US$68.8m

PCM Fund Past Earnings Performance

Past criteria checks 1/6

PCM Fund's earnings have been declining at an average annual rate of -3.6%, while the Capital Markets industry saw earnings growing at 6.3% annually. Revenues have been declining at an average rate of 2.8% per year. PCM Fund's return on equity is 9.1%, and it has net margins of 61.9%.

Key information

-3.62%

Earnings growth rate

-4.67%

EPS growth rate

Capital Markets Industry Growth10.26%
Revenue growth rate-2.83%
Return on equity9.12%
Net Margin61.93%
Last Earnings Update31 Dec 2025

Recent past performance updates

No updates

Recent updates

Seeking Alpha • Nov 08

PCM: Limited Value Here Going Into 2026

Summary PCM Fund is evaluated as an investment, focusing on its strategy of high current income via non-agency mortgage and high-yield corporate debt. Despite a generally risk-on market, PCM has delivered only modest returns, validating a cautious stance. I view the premium to NAV, weak income metrics, and outpacing of downgrades (over upgrades) in the high yield credit market as all reasons to stay on the sidelines. Read the full article on Seeking Alpha
Seeking Alpha • Aug 12

PCM: Small CEF Trading At Wide Premium To NAV

Summary PCM Fund Inc. is a small closed-end fund from Pimco that aims to deliver high current income from a portfolio of credit instruments like MBS and high yield bonds. PCM Fund has delivered modest returns in recent years due to a poor 2022 performance. My main concern with the PCM fund is its 14.3% of NAV distribution yield, which appears far too high relative to the fund's earnings power. Furthermore, the fund is trading at an unsustainable ~50% premium to NAV. While the premium may not collapse overnight, long-term investors could be at risk. Read the full article on Seeking Alpha
Seeking Alpha • Feb 09

PCM Fund declares $0.08 dividend

PCM Fund (NYSE:PCM) declares $0.08/share monthly dividend, in line with previous. Forward yield 9.94% Payable March 1; for shareholders of record Feb. 13; ex-div Feb. 10. See PCM Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Jan 04

PCM Fund declares $0.08 dividend

PCM Fund (NYSE:PCM) declares $0.08/share monthly dividend, in line with previous. Forward yield 11.55% Payable Feb. 1; for shareholders of record Jan. 13; ex-div Jan. 12. See PCM Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Dec 08

PCM Fund declares $0.08 dividend

PCM Fund (NYSE:PCM) declares $0.08/share monthly dividend, in line with previous. Forward yield 10.86% Payable Jan. 3; for shareholders of record Dec. 12; ex-div Dec. 9. See PCM Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Nov 04

PCM Fund declares $0.08 dividend

PCM Fund (NYSE:PCM) declares $0.08/share monthly dividend, in line with previous. Forward yield 11.15% Payable Dec. 1; for shareholders of record Nov. 14; ex-div Nov. 10. See PCM Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Oct 03

PCM Fund declares $0.08 dividend

PCM Fund (NYSE:PCM) declares $0.08/share monthly dividend, in line with previous. Forward yield 12.03% Payable Nov. 1; for shareholders of record Oct. 13; ex-div Oct. 12. See PCM Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Sep 02

PCM Fund declares $0.08 dividend

PCM Fund (NYSE:PCM) declares $0.08/share monthly dividend, in line with previous. Forward yield 9.7% Payable Oct. 3; for shareholders of record Sept. 12; ex-div Sept. 9. See PCM Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Aug 02

PCM Fund declares $0.08 dividend

PCM Fund (NYSE:PCM) declares $0.08/share monthly dividend, in line with previous. Forward yield 9.74% Payable Sept. 1; for shareholders of record Aug. 11; ex-div Aug. 10. See PCM Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Jun 23

PCM: Attractive Holdings, Unattractive Price

PCM has caught my attention recently because it is now the most expensive non-muni CEF offered by PIMCO. This is unusual for this fund, and tells me caution should be exercised before buying in at these levels. However, there are some positives. The fund holds high yield credit and non-agency MBS. Both of these sectors I expect to do well in the second half of the year. The fund's income metrics are currently quite strong. This limits the downside of the fund since many investors buy this as an income play.
Seeking Alpha • Feb 11

PCM: Attractive 8.86% Distribution Yield That Is Showing Strong Coverage

PCM's premium to NAV has been receding a bit with the latest market declines, making it a more tempting PIMCO offering. Despite that, the fund's premium has been even lower over the longer term, so that is worth watching. Though it is still a PIMCO fund that often commands higher premiums, it could still be considered richly valued at 15%+. The latest decline also means the distribution yield is inching higher, but so is the fund's NAV rate.

Revenue & Expenses Breakdown

How PCM Fund makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:PCM Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2511710
30 Sep 2511710
30 Jun 2512710
31 Mar 2513710
31 Dec 2413710
30 Sep 2413610
30 Jun 2412510
31 Mar 2413510
31 Dec 2313510
30 Sep 2314310
30 Jun 2315010
31 Mar 2314-920
31 Dec 2213-1820
30 Sep 2212-1420
30 Jun 2212-1020
31 Mar 2212020
31 Dec 21131120
30 Sep 21131720
30 Jun 21142320
31 Mar 21141420
31 Dec 2014520
30 Sep 2014-220
30 Jun 2014-920
31 Mar 2013220
31 Dec 19121420
30 Sep 19121220
30 Jun 19121120
31 Mar 1913820
31 Dec 1813520
30 Sep 1813920
30 Jun 18141220
31 Mar 18141620
31 Dec 17141920
30 Sep 17152120
30 Jun 17152220
31 Mar 17171820
31 Dec 16181520
30 Sep 1618720
30 Jun 1617020
30 Jun 15131020

Quality Earnings: PCM has a large one-off loss of $1.9M impacting its last 12 months of financial results to 31st December, 2025.

Growing Profit Margin: PCM's current net profit margins (61.9%) are higher than last year (53.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: PCM's earnings have declined by 3.6% per year over the past 5 years.

Accelerating Growth: PCM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PCM had negative earnings growth (-3.1%) over the past year, making it difficult to compare to the Capital Markets industry average (38.3%).

Return on Equity

High ROE: PCM's Return on Equity (9.1%) is considered low.

Return on Assets

Return on Capital Employed

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/15 13:22
End of Day Share Price 2026/06/12 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

PCM Fund Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.