Saturday 17 October 2026 Export PFSI’s income statement to Excel — free account

PennyMac Financial Services, Inc.

PennyMac Financial Services, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.0 billion, up 28.4% from fiscal 2024. In the quarter to June 2026, revenue grew 11.8%, EPS fell 84.1%, free cash flow grew 1,600.3% and total debt rose 14.2%, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.

60.32 0.87 −1.42%

Follow PFSI

Alert me

Market cap: $3.2B
P/E: 8.0×
Fwd P/E: 7.8×
Dividend yield: 1.99%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.20

Total sells 16.71

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	1	—	—	—	—	—	—	—	—
Sell	5	2	1	3	2	1	2	1	1	—	—	—

Insider Ownership 34.13%

Capital & Financial Ratios $m

Market Cap 3,180.00

Revenue 2,212.85

Net Income 392.38

Free Cash Flow (1,853.11)

Net Debt 13,220.34

Current Ratio 0.38

Debt/Equity 3.22

P/E ratio 7.98

Fwd P/E 7.84

P/S ratio 1.42

P/B ratio 0.72

Past 5Y EPS Growth (14.97%)

This Y EPS Growth (48.41%)

Next Y EPS Growth 108.08%

Next Y revenue growth 5.69%

Next 5Y EPS Growth 12.23%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 57.39%

10-year low 10-year high

P/S against its own 10 years 53.15%

10-year low 10-year high

P/B against its own 10 years 31.92%

10-year low 10-year high

Dividends

Payout Ratio 0.16

Annual Dividend Rate 1.20

Annual Dividend Yield 1.99%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.20	0.30 0.30 0.30
2025	1.20	0.30 0.30 0.30 0.30
2024	1.00	0.20 0.20 0.30 0.30
2023	0.80	0.20 0.20 0.20 0.20
2022	0.80	0.20 0.20 0.20 0.20
2021	0.80	0.20 0.20 0.20 0.20
2020	0.54	0.12 0.12 0.15 0.15
2019	0.12	0.12
2018	0.00	0.40
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	949	659	712	749
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	949	659	712	749

	2023	2024	2025	Q'26
Payables	450	354	644	437
ST’ Debt	—	—	—	—
Other	—	—	—	—
	2,558	2,552	2,111	1,970

Compound Annual Growth %

	10y	5y	3y
Sales	11.12%	(11.20%)	1.01%
Cash Flow	0.00%	0.00%	0.00%
Earnings	26.64%	(21.18%)	1.76%
Book Value	15.03%	4.92%	7.47%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	545	497	—	—	—
’25	431	445	633	538	2,047
’24	306	406	412	470	1,594
’23	303	337	400	362	1,402
’22	658	512	476	340	1,986
’21	945	742	787	694	3,167
’20	722	822	1,120	1,042	3,706

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(1,342)	2,143	—	—	—
’25	1,066	(131)	(697)	(1,889)	(1,652)
’24	(898)	(1,093)	(394)	(2,149)	(4,533)
’23	(3,265)	2,228	(976)	430	(1,582)
’22	4,427	1,704	(588)	489	6,033
’21	(1,248)	2,580	1,438	(207)	2,563
’20	(730)	1,096	(4,289)	(2,275)	(6,199)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(1,360)	2,127	—	—	—
’25	1,058	(142)	(708)	(1,912)	(1,703)
’24	(903)	(1,098)	(398)	(2,156)	(4,555)
’23	(3,276)	2,219	(985)	424	(1,617)
’22	4,405	1,683	(613)	475	5,950
’21	(1,180)	2,566	1,427	(226)	2,587
’20	(762)	1,083	(4,294)	(2,284)	(6,257)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.53	0.41	—	—	—
’25	1.42	2.54	3.37	1.97	9.30
’24	0.74	1.85	1.30	1.95	5.84
’23	0.57	1.11	1.77	(0.74)	2.74
’22	2.94	2.28	2.46	0.71	8.50
’21	5.15	2.94	3.80	2.79	14.87
’20	3.73	4.39	7.03	5.97	20.92

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	10.48	15.65	18.77	20.22	13.14	55.11	38.53	54.00	81.93	85.74	Analyst estimates 2026–2028 Powerpack
	High	19.35	22.45	25.20	34.74	70.00	71.52	71.45	93.50	119.13	137.53
People
People	Employees	3,038	3,189	3,460	4,215	4,000	6,900	4,000	3,900	4,100	4,900
	Revenue/emp, $m	0.31	0.30	0.28	0.35	0.93	0.46	0.50	0.36	0.39	0.42
Income, $m
Income, $m	Revenue	932	955	985	1,477	3,706	3,167	1,986	1,402	1,594	2,047
	Gross margin, %	88.37	85.54	83.29	80.91	87.14	86.09	88.25	86.88	83.05	81.70
	EBT	383	336	268	529	2,241	1,359	665	184	401	551
	EBT margin, %	41.11	35.16	27.19	35.84	60.47	42.91	33.50	13.10	25.16	26.94
	Net income	337	312	244	393	1,647	1,003	476	145	311	501
	Depreciation	317	288	(16)	21	57	67	69	91	98	102
Per share, $
Per share, $	Revenue	42.05	41.19	29.37	18.89	49.30	49.65	37.42	28.05	31.26	39.56
	Earnings	2.98	4.34	2.62	5.02	21.91	15.73	8.96	2.89	6.11	9.69
	Cash flow	(42.34)	(38.08)	17.07	(28.71)	(82.48)	40.17	113.70	(31.66)	(88.91)	(31.94)
	Capex	(1.38)	(8.47)	(7.32)	(3.06)	(0.77)	0.38	(1.57)	(0.70)	(0.43)	(0.99)
	Free cash flow	(43.72)	(46.55)	9.75	(31.77)	(83.24)	40.55	112.13	(32.36)	(89.34)	(32.93)
	Book value	63.15	74.13	49.33	26.36	45.10	53.58	65.41	70.80	75.11	83.30
	Shares, m	22	23	34	78	75	64	53	50	51	52
Valuation, ×
Valuation, ×	P/E	5.60	5.37	8.05	6.78	2.97	4.49	6.54	30.28	16.72	13.62
	P/S	0.40	0.56	0.72	1.80	1.33	1.41	1.54	3.13	3.27	3.33
	P/B	0.27	0.31	0.43	1.29	1.46	1.30	0.88	1.24	1.36	1.58
	EV/Sales	2.80	3.41	2.96	4.78	4.12	4.31	3.42	7.26	10.60	9.98
	EV/FCF	(2.69)	(3.01)	8.91	(2.84)	(2.44)	5.28	1.14	(6.27)	(3.71)	(11.97)
Cash, $m
Cash, $m	Operating cash flow	(938)	(883)	572	(2,245)	(6,199)	2,563	6,033	(1,582)	(4,533)	(1,652)
	Capex	(31)	(196)	(245)	(239)	(58)	24	(83)	(35)	(22)	(51)
	Free cash flow	(969)	(1,080)	327	(2,485)	(6,257)	2,587	5,950	(1,617)	(4,555)	(1,703)
Balance, $m
Balance, $m	Working capital	(390)	(995)	(1,333)	(1,347)	(1,244)	(1,572)	(1,181)	(1,609)	(1,893)	(1,400)
	Total debt	2,422	2,923	2,475	4,668	10,867	9,552	5,071	6,731	12,347	14,324
	Net debt	2,236	2,715	2,202	4,405	10,319	9,205	3,730	5,783	11,688	13,612
	Shareholders’ equity	1,399	1,720	1,654	2,062	3,389	3,418	3,471	3,539	3,830	4,309
Returns, %
Returns, %	ROA	1.53	1.61	1.18	4.44	7.88	3.98	2.67	0.81	1.39	1.81
	ROIC	7.27	5.48	5.34	5.66	10.51	7.16	6.57	2.81	1.94	2.24
	ROE	5.37	6.46	5.20	21.15	60.43	29.48	13.80	4.13	8.45	12.31

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
RKT Rocket Companies, Inc.	$31.4B	71.9×	23.0×	+91.87% (above 0%: growing)	n/m	+69.17% (above 0%: growing)	100.00%	23.53%	Compare
PFSI PennyMac Financial Services, Inc.	$3.2B	8.0×	7.8×	+11.75% (above 0%: growing)	−84.09% (below 0%: shrinking)	+1,600.30% (above 0%: growing)	72.56%	12.19%
UWMC UWM Holdings Corporation	$1.9B	— (loss-making)	5.8×	−81.06% (below 0%: shrinking)	n/m	+64.57% (above 0%: growing)	24.81%	(192.94%)	Compare
WD Walker & Dunlop, Inc.	$1.1B	29.1×	14.3×	−3.93% (below 0%: shrinking)	−91.00% (below 0%: shrinking)	+584.98% (above 0%: growing)	46.88%	5.65%	Compare
VEL Velocity Financial, Inc.	$584.7M	5.3×	12.1×	+34.05% (above 0%: growing)	−7.25% (below 0%: shrinking)	−3.27% (below 0%: shrinking)	0.00%	0.00%	Compare
ONIT Onity Group Inc.	$222.8M	1.5×	6.2×	+14.72% (above 0%: growing)	n/m	−9.61% (below 0%: shrinking)	100.00%	25.95%	Compare
BETR Better Home & Finance Holding Company	$204.6M	— (loss-making)	— (loss-making)	+25.81% (above 0%: growing)	n/m	+136.12% (above 0%: growing)	89.80%	0.00%	Compare
LDI loanDepot, Inc.	$191.7M	— (loss-making)	— (loss-making)	+19.39% (above 0%: growing)	n/m	+589.11% (above 0%: growing)	87.77%	10.45%	Compare
GHI Greystone Housing Impact Investors LP	$115.2M	— (loss-making)	3.2×	−7.10% (below 0%: shrinking)	n/m	−92.85% (below 0%: shrinking)	93.66%	60.90%	Compare
Median of peers	$403.8M	17.2×	9.1×	+17.05%	—	+66.87%	88.79%	8.05%

All 14 Mortgage Finance stocks →

PennyMac Financial Services, Inc. (PFSI) key facts

Strength: PennyMac Financial Services, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.0 billion, up 28.4% from fiscal 2024.
Strength: Net income was $501.1 million, or $9.69 per share (basic), a net margin of 24.5%.
PennyMac Financial Services, Inc. (PFSI) is a Mortgage Finance company in the Financial sector, listed on the New York Stock Exchange.
As of October 16, 2026, PFSI traded at $60.32, a market capitalization of $3.2 billion.
At that price the stock trades at 8.0× trailing-twelve-month earnings and 1.4× sales; its P/E is higher than 57% of its own readings over the past ten years.
PennyMac Financial Services, Inc. pays an annual dividend of $1.20 per share, a yield of 1.99%, with a payout ratio of 16.5%.
Return on equity was 12.3% and debt-to-equity 3.22.
Its Piotroski F-score is 5 out of 9 for fiscal 2025.