PennyMac Financial Services, Inc.

PFSI Financial Mortgage Finance

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%
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
Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
P/E ratio
5.60 5.37 8.05 6.78 2.97 4.49 6.54 30.28 16.72 13.62
Piotroski F-Score
2 3 4 3 7 5 7 2 2 5
P/S ratio
0.40 0.56 0.72 1.80 1.33 1.41 1.54 3.13 3.27 3.33
P/FCF ratio
0.00 0.00 2.18 0.00 0.00 1.72 0.51 0.00 0.00 0.00
P/Operating CF
0.38 (2.27) (4.45) (4.80) (2.17) (21.50) 6.26 10.20 (2.42) (3.61)
P/B ratio
0.27 0.31 0.43 1.29 1.46 1.30 0.88 1.24 1.36 1.58
Price to Tangible BV
0.00 0.00 0.00 0.00 6.10 0.00 0.00 0.00 0.00 0.00
EV/Sales
2.80 3.41 2.96 4.78 4.12 4.31 3.42 7.26 10.60 9.98
EV/EBITDA
3.52 4.81 9.31 11.64 6.46 9.02 8.22 19.91 29.14 27.45
EV/Operating CF
(2.78) (3.68) 5.09 (3.15) (2.46) 5.33 1.13 (6.43) (3.73) (12.37)
EV/FCF
(2.69) (3.01) 8.91 (2.84) (2.44) 5.28 1.14 (6.27) (3.71) (11.97)
Quick Ratio
0.32 0.17 0.17 0.16 0.31 0.18 0.53 0.37 0.26 0.34
Current Ratio
0.32 0.17 0.17 0.16 0.31 0.18 0.53 0.37 0.26 0.34
Net Debt/EBITDA
3.02 4.01 7.04 7.26 4.37 6.08 4.51 11.32 20.16 18.29
Debt/Assets
47.17% 39.67% 33.09% 45.75% 34.39% 50.87% 30.14% 35.72% 47.33% 48.74%
Debt/Equity
1.73 1.70 1.50 2.26 3.21 2.79 1.46 1.90 3.22 3.32
Asset Turnover
0.22 0.15 0.13 0.17 0.18 0.13 0.11 0.08 0.07 0.07
Operating CF/Net income
(14.20) (8.77) 6.53 (5.71) (3.76) 2.55 12.69 (10.94) (14.56) (3.30)
Capex/Depreciation
(0.10) (0.68) 15.11 (11.36) (1.01) 0.36 (1.20) (0.38) (0.22) (0.50)
ROE
5.37% 6.46% 5.20% 21.15% 60.43% 29.48% 13.80% 4.13% 8.45% 12.31%
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%
Return on Tangible Assets
(18.42%) (10.44%) (6.75%) (29.18%) (132.42%) (63.83%) (40.27%) (8.99%) (16.46%) (35.80%)
Average Days of Receivables
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Research and Development Expense of Revenue
3.79% 5.44% 6.10% 4.60% 3.04% 4.47% 7.05% 10.21% 9.38% 7.95%
Selling, General and Administrative Expense of Revenue
39.22% 39.41% 43.76% 36.65% 21.89% 35.96% 43.07% 46.74% 43.46% 42.37%
Intangible Assets out of Total Assets
0.32 0.29 0.38 0.29 0.08 0.21 0.35 0.38 0.34 0.33
Share Based Compensation of Revenue
1.74% 2.17% 2.56% 1.68% 1.22% 1.19% 2.14% 1.97% 1.31% 1.77%
Graham Net Nets
(9.56) (10.09) (7.79) (2.96) (5.61) (3.37) (3.92) (3.27) (4.15) (3.57)
Graham Number
65.18 84.98 54.13 54.57 149.81 136.87 114.00 67.97 101.61 134.70
Earnings Yield
17.85% 18.62% 12.42% 14.75% 33.71% 22.27% 15.29% 3.30% 5.98% 7.34%
Free Cash Flow Yield
(261.01%) (200.20%) 45.88% (93.33%) (126.85%) 58.09% 194.20% (36.95%) (87.54%) (25.03%)
Revenue per Share
42.05 41.19 29.37 18.89 49.30 49.65 37.42 28.05 31.26 39.56
Operating CF per Share
(42.34) (38.08) 17.07 (28.71) (82.48) 40.17 113.70 (31.66) (88.91) (31.94)
Capex per Share
(1.38) (8.47) (7.32) (3.06) (0.77) 0.38 (1.57) (0.70) (0.43) (0.99)
Free Cash Flow per Share
(43.72) (46.55) 9.75 (31.77) (83.24) 40.55 112.13 (32.36) (89.34) (32.93)
Cash per Share
8.36 8.96 8.15 3.36 7.29 5.44 25.27 18.98 12.92 13.76
Shareholders Equity per Share
63.15 74.13 49.33 26.36 45.10 53.58 65.41 70.80 75.11 83.30
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
63.15 74.13 49.33 26.36 45.10 53.58 65.41 70.80 75.11 83.30
Free Cash Flow
(968.86) (1,079.85) 326.97 (2,484.56) (6,256.52) 2,587.04 5,950.15 (1,617.39) (4,555.37) (1,703.19)
Working Capital
(390.03) (994.82) (1,333.16) (1,346.69) (1,243.64) (1,572.13) (1,180.93) (1,608.98) (1,892.57) (1,399.54)
Capital Expenditures
(30.53) (196.44) (245.43) (239.44) (57.58) 23.98 (83.09) (35.17) (22.10) (51.20)
Net Current Asset Value
(3,549.21) (5,440.61) (5,551.67) (7,879.61) (27,660.48) (15,011.35) (12,010.81) (14,357.32) (21,598.20) (24,367.99)
EV/EBIT
6.17 8.37 8.85 12.06 6.62 9.44 8.97 24.25 35.10 31.81
Capex to Sales
0.03 0.21 0.25 0.16 0.02 (0.01) 0.04 0.03 0.01 0.03
Price to Operating Income
0.88 1.39 2.17 4.54 2.14 3.08 4.05 10.46 10.82 10.62
Other line items
Depreciation/Fixed assets
10.13 9.78 (0.49) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash ROIC
(24.18%) (22.26%) 7.43% (35.53%) (42.26%) 19.43% 60.21% (14.42%) (27.06%) (8.80%)
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover
0.97 1.13 1.24 1.70 1.97 1.32 0.66 0.46 0.67 0.75
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Days of Payables
453.32 288.41 346.61 226.83 236.14 297.73 544.42 892.78 478.96 627.37
Days of Inventory on Hand
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Payables
112.26 121.88 132.68 165.74 241.84 333.91 353.66 398.90 402.16 499.16
Average Assets
4,319.60 6,251.00 7,423.33 8,841.30 20,900.91 25,187.20 17,799.60 17,833.57 22,465.73 27,737.79
Average Common Equity
1,230.85 1,559.52 1,686.73 1,857.65 2,725.45 3,403.86 3,444.69 3,504.83 3,684.13 4,069.31

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