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Mortgage originator and servicer operating retail, wholesale/correspondent and consumer-direct lending channels.
Mortgage originator and servicer operating retail, wholesale/correspondent and consumer-direct lending channels.
Earns a gain when it sells newly made home loans into mortgage securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae, and a steady fee for collecting payments on loans it services, which cushions it when borrowing slows. It is one of the largest buyers of loans from smaller lenders and also manages a separate listed mortgage REIT for fees.
Moat: narrow (scale, distribution). Large correspondent/servicing scale gives cost and capital-markets execution advantages over smaller lenders.
Headquarters: Westlake Village, California, US · Founded: 2008 · Employees: 4,900
Size PennyMac Financial Services (PFSI) is a United States Financials company (Finance/Rental/Leasing) with a market value of $3.41B, the 1455th largest of 3,117 United States companies the cockpit tracks. Shares closed at $65.59 on 6 Nov 2026.
Performance Over six months the shares fell 27.6%, against -9.1% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 3.6% over the last twelve months (peer median +9.0%); the operating margin is 28.8% (peer median 29.2%).
Valuation It trades at 0.78× book value against a peer median of 1.55× (5th cheapest of 20).
Price implies The share price implies a return on equity of about 10.2%; PennyMac Financial Services delivers 5.6%, so the price asks more than the business earns today.
Credit PennyMac Financial Services has 6 bonds outstanding ($4.40B), rated B+ by the agencies and trading like B at a weighted spread of 418 bp.
Short interest Short interest is 7.1% of the free float (15 Oct 2026).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $4.34B | $4.24B | $3.91B | $2.75B | $2.73B |
| Revenue growth | — | +8% | +42% | +1% | — |
| Gross profit | $3.69B | $3.72B | $3.51B | $2.46B | $2.40B |
| EBITDA | $1.32B | $1.51B | $1.23B | $859M | $1.00B |
| Net income | $240M | $501M | $311M | $145M | $476M |
| Free cash flow | $248M | -$1.41B | -$4.52B | -$1.51B | $6.06B |
| Capital expenditure | $73.8M | $51.2M | $22.1M | $36.2M | $83.1M |
| Total debt | $15.3B | $15.7B | $14.4B | $8.67B | $7.10B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| PennyMac Financial Services PFSI | $3.41B | -28% | +4% | 6% | 0.78× | 10.2% |
| Rocket Companies RKT | $42.7B | -4% | +88% | 8% | 1.76× | 26.3% |
| UWM UWMC | $2.44B | -56% | +16% | 2% | 2.67× | 32.8% |
| loanDepot LDI | n/a | -54% | n/a | n/a | n/a | n/a |
| Rithm Capital RITM | $5.15B | -6% | +19% | 6% | 0.74× | 8.7% |
| Onity ONIT | n/a | -20% | n/a | n/a | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PFSI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.9% | +1.4% | 5th highest of 21 |
| 6-month return | -27.6% | -9.1% | 3rd lowest of 21 |
| Return on equity | 5.6% | 14.3% | 2nd lowest of 20 |
| Price / book | 0.78× | 1.55× | 5th cheapest of 20 |
| Trailing P/E | 14.8× | 10.7× | 6th most expensive of 18 |
| ROE the price implies | 10.2% | 15.8% | 5th least demanding of 20 |
| ROE delivered | 5.6% | 14.4% | 2nd lowest of 17 |
| Bond spread | 418 bp | 244 bp | widest of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| PennyMac Financial Services PFSI | United States | $3.41B | -28% | +4% | 6% | 0.78× | 10.2% | 5.6% |
| WillScot WSC | United States | $3.42B | -33% | -3% | -7% | 3.75× | 35.8% | -7.1% |
| Housing & Urban Development HUDCO.NS | India | $3.39B | -30% | +22% | 22% | 1.39× | 31.5% | 21.7% |
| Far East Horizon 3360.HK | Hong Kong | $3.44B | -25% | +1% | 8% | 0.45× | 4.5% | 7.6% |
| Indian Renewable Energy Development Agency IREDA.NS | India | $3.31B | -18% | +17% | 14% | 2.18× | 42.4% | 14.4% |
| Samsung Card 029780.KS | South Korea | $3.30B | -21% | +11% | 7% | 0.51× | 4.2% | n/a |
| Manappuram Finance MANAPPURAM.NS | India | $3.23B | +3% | +5% | 7% | 1.90× | 33.0% | n/a |
| Credit Saison 8253.T | Japan | $3.62B | -10% | +10% | 9% | 0.73× | 6.3% | 9.2% |
| Sixt SIX2.DE | Germany | $3.67B | +4% | +7% | 15% | 1.67× | 15.8% | 15.0% |
| LIC Housing Finance LICHSGFIN.NS | India | $3.12B | -9% | -1% | 14% | 0.67× | 11.6% | 14.3% |
| SLM SLM | United States | $3.10B | -25% | -6% | 25% | 1.55× | 13.8% | 24.7% |
| Marui 8252.T | Japan | $3.09B | -7% | +8% | 12% | 2.12× | 7.1% | 12.4% |
| Hercules Capital HTGC | United States | $3.06B | 0% | +40% | 16% | 1.32× | 10.4% | 15.7% |
| McGrath RentCorp MGRC | United States | $3.05B | +9% | +2% | 13% | 2.38× | 13.2% | 12.9% |
| PNB Housing Finance PNBHOUSING.NS | India | $3.03B | +5% | +11% | 12% | 1.42× | 19.4% | 12.3% |
| Bread Financial BFH | United States | $3.87B | +17% | +2% | 16% | 1.13× | 12.2% | 15.9% |
| GMO Payment Gateway 3769.T | Japan | $3.98B | +6% | +13% | 22% | 5.02× | 32.4% | 21.5% |
| Cholamandalam Financial CHOLAHLDNG.NS | India | $2.89B | -17% | +18% | 17% | 1.77× | 26.2% | n/a |
| IIFL Finance IIFL.NS | India | $2.83B | +35% | +36% | 18% | 1.73× | 23.7% | 17.6% |
| Mahindra & Mahindra Financial Services M&MFIN.NS | India | $4.12B | -15% | +15% | 14% | 1.41× | 23.7% | 13.8% |
| Avis Budget CAR | United States | $4.20B | -18% | -1% | n/a | n/a | n/a | n/a |
PennyMac Financial Services has 6 bonds outstanding with $4.40B face value. The agencies rate it B+; its bonds trade like B. Weighted yield 8.85%, a spread of 418 bp over government bonds.