PennyMac Financial Services, Inc. Common Stock (PFSI) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$2.15	$1.39	-35.3%	—	$972.2M	—
Q1 26	$2.14	$2.19	+2.3%	—	$966.7M	—
Q4 25	$1.61	$1.87	+16.1%	—	$2.2B	—
Q3 25	$2.98	$3.43	+15.1%	—	$882.8M	—
Q2 25	$3.07	$4.28	+39.4%	—	$931.6M	—
Q1 25	$2.83	$2.77	-2.1%	—	$1.1B	—
Q4 24	$3.02	$2.88	-4.6%	—	$698.3M	—
Q3 24	$2.93	$3.49	+19.1%	—	$629.4M	—
Q2 24	$2.62	$2.67	+1.9%	—	$715.4M	—
Q1 24	$2.31	$2.48	+7.4%	—	$500M	—
Q4 23	$1.77	$2.63	+48.6%	—	$532.2M	—
Q3 23	$1.69	$1.77	+4.7%	—	$557.2M	—
Q2 23	$1.49	$1.11	-25.5%	—	$570.3M	—
Q1 23	$1.06	$0.57	-46.2%	—	$671.1M	—
Q4 22	$1.06	$0.71	-33.0%	—	$444.4M	—
Q3 22	$1.13	$2.46	+117.7%	—	$559.4M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$9.69	—	—	$4.4B	—
FY24	—	$6.11	—	—	$2.4B	—
FY23	—	$2.89	—	—	$2B	—
FY22	—	$8.96	—	—	$2.3B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1B	$1.1B	$1.1B	$1.7B	$4B	$3.6B	$2.3B	$2B	$2.4B	$4.4B
YoY change	+30.3%	+6.57%	+5.26%	+47.7%	+135.3%	-9.96%	-34.8%	-12.2%	+18.3%	+83.2%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1B	1.1B	1.1B	1.7B	4B	3.6B	2.3B	2B	2.4B	4.4B
Cost of revenue	425.8M	512.4M	565.8M	788M	1.2B	1.4B	1B	1.2B	1.5B	1.8B
Gross profit	588.1M	568.2M	571.5M	891.7M	2.8B	2.1B	1.3B	847.5M	936.9M	2.6B
Gross margin	58%	52.6%	50.3%	53.1%	70%	59.9%	56.3%	41.6%	38.8%	59.3%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	135.2M	127.1M	150.6M	215.9M	322.5M	461.2M	338.2M	238.1M	257M	343.1M
Operating expenses	168.9M	189.9M	253.2M	301.8M	441.6M	654.8M	525.6M	417.4M	452.5M	2B
Operating income	383.1M	335.9M	267.7M	529.4M	2.2B	1.4B	688.7M	354M	403.5M	551.4M
Operating margin	37.8%	31.1%	23.5%	31.5%	56.7%	38.2%	29.7%	17.4%	16.7%	12.5%
Non-operating income, net	-22.5M	-30.2M	-34.3M	-32.7M	-187K	-152K	-23.4M	-170.4M	-2.5M	—
Pretax income	383.1M	335.9M	267.7M	529.4M	2.2B	1.4B	665.2M	183.6M	401M	551.4M
Income tax	46.1M	24.4M	23.3M	136.5M	593.7M	355.7M	189.7M	39M	89.6M	50.3M
Net income	337M	311.5M	244.4M	393M	1.6B	1B	475.5M	144.7M	311.4M	501.1M
Net margin	33.2%	28.8%	21.5%	23.4%	41.7%	28.2%	20.5%	7.09%	12.9%	11.3%
EBITDA	689.2M	617.5M	280.6M	554.6M	2.3B	1.4B	762.4M	594.5M	475.6M	620.8M
EPS	2.98	4.34	2.62	5.02	21.9	15.7	8.96	2.89	6.11	9.69
Diluted EPS	2.94	4.03	2.59	4.89	20.9	14.9	8.5	2.74	5.84	9.3

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	557.2M	532.2M	500M	715.4M	629.4M	698.3M	1.1B	931.6M	882.8M	2.2B	966.7M	972.2M
Cost of revenue	292.8M	317M	305.2M	363.4M	390.4M	417.2M	382.7M	448.1M	469.8M	500.4M	503.6M	549.4M
Gross profit	264.4M	215.3M	194.8M	351.9M	239M	281.1M	687.1M	483.4M	413.1M	1.7B	463.2M	422.8M
Gross margin	47.5%	40.4%	39%	49.2%	38%	40.3%	64.2%	51.9%	46.8%	77.4%	47.9%	43.5%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	70.7M	45M	52.4M	53.5M	76.3M	74.9M	76M	82.7M	93.9M	90.5M	96.4M	96.5M
Operating expenses	119.8M	84.6M	128.1M	199.2M	126.2M	129M	558.7M	384.5M	153.8M	1.6B	328.9M	363.8M
Operating income	126.8M	112.9M	44.5M	133.9M	94.1M	131M	104.5M	76.9M	236.6M	133.5M	104.7M	31.5M
Operating margin	22.8%	21.2%	8.91%	18.7%	15%	18.8%	9.77%	8.25%	26.8%	6.03%	10.8%	3.24%
Non-operating income, net	-10K	-167.1M	-643K	-17K	-177K	-1.6M	-325K	-420K	-196K	—	—	—
Pretax income	126.8M	-54.2M	43.9M	133.9M	93.9M	129.4M	104.2M	76.4M	236.4M	134.4M	104.7M	31.5M
Income tax	33.9M	-17.4M	4.6M	35.6M	24.6M	24.9M	27.9M	-60M	54.9M	27.6M	22.4M	9.8M
Net income	92.9M	-36.8M	39.3M	98.3M	69.4M	104.5M	76.3M	136.5M	181.5M	106.8M	82.3M	21.7M
Net margin	16.7%	-6.92%	7.86%	13.7%	11%	15%	7.13%	14.6%	20.6%	4.82%	8.52%	2.23%
EBITDA	144.2M	297.5M	62.8M	151.6M	111.4M	149.9M	122.1M	95.6M	253.2M	149.7M	122.4M	50.4M
EPS	1.86	-0.74	0.78	1.93	1.36	2.04	1.48	2.64	3.51	2.05	1.58	0.42
Diluted EPS	1.77	-0.74	0.74	1.85	1.3	1.95	1.42	2.54	3.37	1.97	1.53	0.41

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	369M	518.5M	—	—	4.9B	—	—	4.4B	5.2B	6.8B	3.3B
Enterprise value	3.3B	5.4B	—	—	31.3B	—	—	17B	25.1B	29.2B	26.8B
Shares outstanding	22.2M	23.2M	33.5M	78.5M	75.2M	63.8M	53.1M	50M	51M	51.7M	51.7M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	1.09	1.66	—	—	2.99	—	—	30.5	16.7	13.6	8.79
P/S	0.36	0.48	—	—	1.25	—	—	2.17	2.16	1.54	1
P/B	0.26	0.3	—	—	1.46	—	—	1.25	1.36	1.58	0.77
EV/EBITDA	4.72	8.7	—	—	13.7	—	—	28.5	52.8	47	43.2
EV/Sales	3.21	4.97	—	—	7.91	—	—	8.32	10.4	6.6	8.05
Earnings yield	91.3%	60.1%	—	—	33.4%	—	—	3.28%	5.98%	7.35%	11.4%
FCF yield	-262.6%	-209.4%	—	—	-127.4%	—	—	-36.6%	-87.5%	-25%	15.2%
PEG	—	—	—	—	—	—	—	—	—	—	-0.1

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	58%	52.6%	50.3%	53.1%	70%	59.9%	56.3%	41.6%	38.8%	59.3%	43.5%
Operating margin	37.8%	31.1%	23.5%	31.5%	56.7%	38.2%	29.7%	17.4%	16.7%	12.5%	4.48%
Net margin	33.2%	28.8%	21.5%	23.4%	41.7%	28.2%	20.5%	7.09%	12.9%	11.3%	11.8%
ROE	24.1%	18.1%	14.8%	19.1%	48.6%	29.4%	13.7%	4.09%	8.13%	11.6%	9.38%
ROA	6.56%	4.23%	3.27%	3.85%	5.21%	5.34%	2.83%	0.77%	1.19%	1.7%	1.45%
ROIC	7.87%	4.74%	3.84%	4.38%	5.54%	5.88%	3.56%	1.73%	1.32%	1.88%	1.44%
Return on tangible assets	18.2%	10.1%	13.9%	9.3%	6.27%	9.29%	10.3%	3.33%	3.73%	5.02%	4.64%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.3	1.64	1.49	1.31	2.56	1.65	2.29	2.05	1.56	1.71	0.93
Quick ratio	1.3	1.64	1.49	1.31	2.56	1.65	2.29	2.05	1.56	1.71	1.77
Debt / equity	2.13	2.93	2.95	3.45	7.93	4.09	3.38	3.81	5.37	5.35	5.49
Debt / assets	0.58	0.68	0.65	0.7	0.85	0.75	0.7	0.72	0.79	0.78	0.79
Net debt / EBITDA	4.19	7.86	16.8	12.5	11.6	9.73	13.6	21.1	41.8	36	39.8
Interest coverage	3.61	2.32	1.85	—	—	—	—	—	—	—	—
Effective tax rate	12%	7.26%	8.69%	25.8%	26.5%	26.2%	28.5%	21.2%	22.3%	9.13%	22.6%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	45.8	46.6	33.9	21.4	52.6	55.8	43.7	40.8	47.3	85.5	64.1
EPS (basic)	2.98	4.34	2.62	5.02	21.9	15.7	8.96	2.89	6.11	9.69	9.69
EPS (diluted)	2.94	4.03	2.59	4.89	20.9	14.9	8.5	2.74	5.84	9.3	7.27
Book value per share	63.1	74.1	49.3	26.3	45.1	53.6	65.4	70.8	75.1	83.3	83.5
FCF per share	-43.7	-46.8	9.36	-32	-83.6	39.3	112.1	-32.4	-89.3	-32.9	-34.8
Cash per share	4.22	8.06	4.92	2.68	7.29	5.44	25.3	19	12.9	13.8	8.01
Capex per share	0.99	0.29	0.4	0.08	0.14	0.12	0.13	0.01	0.03	0.76	0.97

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.16%	0.63%	1.18%	0.36%	0.27%	0.22%	0.31%	0.02%	0.07%	0.89%	1.03%
Capex / operating cash flow	-2.38%	-0.76%	3.01%	-0.32%	-0.21%	0.35%	0.14%	-0.02%	-0.03%	-2.38%	-2.9%
Payout ratio	0%	0%	4.11%	2.47%	1.88%	5.27%	11.5%	28.7%	16.7%	12.5%	16.5%
Dividend yield	0%	0%	—	—	0.63%	—	—	0.94%	1%	0.92%	1.88%

Yield

1.88%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.30

ex-dividend Aug 17, 2026

Payout ratio

17%

of earnings

Dividend growth

2 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 17, 2026	$0.30
May 18, 2026	$0.30
Feb 13, 2026	$0.30
Nov 17, 2025	$0.30
Aug 13, 2025	$0.30
May 14, 2025	$0.30
Feb 13, 2025	$0.30
Nov 18, 2024	$0.30

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$557.2M	$532.2M	$500M	$715.4M	$629.4M	$698.3M	$1.1B	$931.6M	$882.8M	$2.2B	$966.7M	$972.2M
YoY change	-0.38%	+19.8%	-25.5%	+25.4%	+12.9%	+31.2%	+113.9%	+30.2%	+40.3%	+217.1%	-9.63%	+4.36%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	93.5M	187M	164.9M	210.3M	547.9M	346.9M	1.3B	948.6M	659M	711.7M
Receivables	17.6M	27.1M	33.5M	48.2M	141.7M	187.3M	116.7M	132.3M	164.2M	141.9M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	3.2B	4.9B	4.2B	6.7B	27.8B	14.2B	10.5B	11.3B	16.1B	18.4B
Property, plant & equipment	80M	83.6M	88.6M	103.6M	107.2M	120.7M	94.2M	68.9M	49.5M	79.5M
Goodwill & intangibles	3.3B	4.3B	5.7B	6B	5.3B	8B	12.2B	14.5B	17.7B	19.4B
Total assets	5.1B	7.4B	7.5B	10.2B	31.6B	18.8B	16.8B	18.8B	26.1B	29.4B
Accounts payable	593.3M	482.7M	477M	427.1M	580.5M	587.4M	552.9M	658.1M	476.7M	760.5M
Short-term debt	1.7B	2.4B	1.9B	4.1B	9.7B	7.3B	3B	3.8B	8.7B	8.8B
Total current liabilities	2.4B	3B	2.9B	5.1B	10.9B	8.6B	4.6B	5.5B	10.3B	10.8B
Long-term debt	1.2B	2.7B	2.9B	3B	17.2B	6.7B	8.7B	9.7B	11.9B	14.3B
Total liabilities	3.7B	5.6B	5.8B	8.1B	28.2B	15.4B	13.4B	15.3B	22.3B	25.1B
Shareholders' equity	1.4B	1.7B	1.7B	2.1B	3.4B	3.4B	3.5B	3.5B	3.8B	4.3B
Total debt	3B	5B	4.9B	7.1B	26.9B	14B	11.7B	13.5B	20.6B	23.1B
Net debt	3B	5B	4.8B	7B	26.4B	13.6B	10.4B	12.6B	20.3B	22.8B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	1.2B	948.6M	927.5M	784.1M	813.7M	659M	654.5M	624.4M	684.1M	711.7M	653.7M	748.6M
Receivables	132.6M	132.3M	150.3M	151.9M	166.1M	164.2M	158.8M	165.2M	180.2M	141.9M	162.9M	178.3M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	11.5B	11.3B	11.4B	12.3B	13.7B	16.1B	13.6B	13.5B	14.4B	18.4B	20.5B	18.1B
Property, plant & equipment	74.2M	68.9M	64.4M	58.3M	54.6M	49.5M	45.1M	41.5M	50.7M	79.5M	76.9M	105.1M
Goodwill & intangibles	14.5B	14.5B	15.2B	16.1B	15.8B	17.7B	18.2B	19.3B	19.5B	19.4B	20.5B	21.4B
Total assets	18.9B	18.8B	19.8B	21.6B	22.9B	26.1B	23.9B	24.2B	25.4B	29.4B	31.9B	29.9B
Accounts payable	334.6M	658.1M	391.3M	395M	412.6M	476.7M	466.2M	481M	556.7M	760.5M	555M	518M
Short-term debt	4.4B	3.8B	5.4B	6.4B	6.6B	8.7B	7.1B	7.3B	7.1B	8.8B	10.2B	8.4B
Total current liabilities	5.8B	5.5B	6.9B	7.9B	8.1B	10.3B	8.7B	8.9B	8.9B	10.8B	12B	10.2B
Long-term debt	9.5B	9.7B	9.3B	10B	10.9B	11.9B	11.2B	11.2B	12.3B	14.3B	15.5B	15.3B
Total liabilities	15.4B	15.3B	16.2B	17.9B	19.1B	22.3B	20B	20.2B	21.2B	25.1B	27.6B	25.5B
Shareholders' equity	3.6B	3.5B	3.6B	3.7B	3.7B	3.8B	3.9B	4B	4.2B	4.3B	4.3B	4.3B
Total debt	13.9B	13.5B	14.7B	16.4B	17.5B	20.6B	18.3B	18.5B	19.4B	23.1B	25.7B	23.7B
Net debt	12.7B	12.6B	13.8B	15.8B	17.4B	20.3B	18.1B	18.4B	18.8B	22.8B	25.5B	23.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	337M	311.5M	244.4M	393M	1.6B	1B	475.5M	144.7M	311.4M	501.1M
Depreciation & amortization	306.1M	281.6M	12.9M	25.2M	37.9M	42.9M	50.2M	70M	69.7M	69.4M
Stock-based compensation	16.2M	20.7M	25.3M	24.8M	45.1M	37.8M	42.6M	27.6M	20.9M	36.2M
Change in working capital	25.3M	-38.7M	7.5M	-132.2M	-260.5M	115.5M	65.3M	45.7M	-196.8M	183.7M
Operating cash flow	-919M	-892M	446.6M	-1.9B	-5.2B	2.3B	5.2B	-1.8B	-5.4B	-1.7B
Capital expenditure	-21.9M	-6.8M	-13.4M	-6.1M	-10.7M	-7.9M	-7.2M	-386K	-1.7M	-39.3M
Investing cash flow	-26.1M	-143.7M	-77.5M	405.6M	856.6M	-255.4M	-645.7M	-238.8M	-1.9B	-50.8M
Dividends paid	0	0	-10.1M	-9.7M	-30.9M	-52.9M	-54.6M	-41.4M	-52.2M	-62.5M
Share repurchases	0	-8.6M	-5.3M	-1.1M	-337.5M	-958.2M	-406.1M	-71.5M	0	-4.7M
Financing cash flow	967M	1.2B	-137.4M	2.1B	5.8B	-2.5B	-4.3B	1.4B	5.7B	1.1B
Net change in cash	21.9M	124.2M	231.8M	600M	1.4B	-443.7M	223.9M	-576.8M	-1.6B	-552.9M
Free cash flow	-968.9M	-1.1B	313.9M	-2.5B	-6.3B	2.5B	6B	-1.6B	-4.6B	-1.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	92.9M	-36.8M	39.3M	98.3M	69.4M	104.5M	76.3M	136.5M	181.5M	106.8M	82.3M	21.7M
Depreciation & amortization	17.3M	17.6M	17.6M	17.7M	17.1M	17.2M	17.3M	18.4M	16.5M	17.2M	17.7M	18.8M
Stock-based compensation	8.8M	6.7M	4.6M	-2.2M	18.9M	-446K	11.1M	7.5M	9.9M	7.7M	2.4M	4.5M
Change in working capital	3M	126.4M	-222.2M	27M	27.9M	-29.5M	452K	44.5M	-11.3M	150.1M	-205.8M	106.2M
Operating cash flow	-1.5B	946.8M	-1.3B	-1.3B	-140M	-2.6B	1.1B	-131.3M	-697.4M	-1.9B	-1.3B	2.1B
Capital expenditure	-260K	505K	-918K	-401K	-148K	-248K	-371K	-9.1M	-8.2M	-14.8M	-15.9M	-12.8M
Investing cash flow	-183.2M	111.8M	-778.7M	-733M	-234.9M	-121M	37.5M	-156.1M	588.1M	-513.5M	-139.8M	-398.5M
Dividends paid	-10.2M	-10.2M	-10.4M	-10.4M	-15.7M	-15.7M	-15M	-15.8M	-15.8M	-15.9M	-15.6M	-15.9M
Share repurchases	0	84K	0	0	0	0	—	—	-4.7M	0	-50M	0
Financing cash flow	809.7M	-779.8M	1.7B	1.5B	178M	2.4B	-1.1B	239.3M	399.6M	1.6B	1.4B	-1.8B
Net change in cash	-861.3M	278.8M	-399.9M	-567.9M	-196.9M	-387.1M	44.2M	-48.1M	290.3M	-762.7M	-81.1M	-15.4M
Free cash flow	-984.6M	422.7M	-902.7M	-1.1B	-398.2M	-2.2B	1.1B	-141.8M	-707.6M	-1.9B	-1.4B	2.1B

PennyMac Financial Services, Inc. Common Stock Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement