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 '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
P/E ratio
13.62 16.72 30.28 6.54 4.49 2.97 6.78 8.05 5.37 5.60
Piotroski F-Score
5 2 2 7 5 7 3 4 3 2
P/S ratio
3.33 3.27 3.13 1.54 1.41 1.33 1.80 0.72 0.56 0.40
P/FCF ratio
0.00 0.00 0.00 0.51 1.72 0.00 0.00 2.18 0.00 0.00
P/Operating CF
(3.61) (2.42) 10.20 6.26 (21.50) (2.17) (4.80) (4.45) (2.27) 0.38
P/B ratio
1.58 1.36 1.24 0.88 1.30 1.46 1.29 0.43 0.31 0.27
Price to Tangible BV
0.00 0.00 0.00 0.00 0.00 6.10 0.00 0.00 0.00 0.00
EV/Sales
9.98 10.60 7.26 3.42 4.31 4.12 4.78 2.96 3.41 2.80
EV/EBITDA
27.45 29.14 19.91 8.22 9.02 6.46 11.64 9.31 4.81 3.52
EV/Operating CF
(12.37) (3.73) (6.43) 1.13 5.33 (2.46) (3.15) 5.09 (3.68) (2.78)
EV/FCF
(11.97) (3.71) (6.27) 1.14 5.28 (2.44) (2.84) 8.91 (3.01) (2.69)
Quick Ratio
0.34 0.26 0.37 0.53 0.18 0.31 0.16 0.17 0.17 0.32
Current Ratio
0.34 0.26 0.37 0.53 0.18 0.31 0.16 0.17 0.17 0.32
Net Debt/EBITDA
18.29 20.16 11.32 4.51 6.08 4.37 7.26 7.04 4.01 3.02
Debt/Assets
48.74% 47.33% 35.72% 30.14% 50.87% 34.39% 45.75% 33.09% 39.67% 47.17%
Debt/Equity
3.32 3.22 1.90 1.46 2.79 3.21 2.26 1.50 1.70 1.73
Asset Turnover
0.07 0.07 0.08 0.11 0.13 0.18 0.17 0.13 0.15 0.22
Operating CF/Net income
(3.30) (14.56) (10.94) 12.69 2.55 (3.76) (5.71) 6.53 (8.77) (14.20)
Capex/Depreciation
(0.50) (0.22) (0.38) (1.20) 0.36 (1.01) (11.36) 15.11 (0.68) (0.10)
ROE
12.31% 8.45% 4.13% 13.80% 29.48% 60.43% 21.15% 5.20% 6.46% 5.37%
ROA
1.81% 1.39% 0.81% 2.67% 3.98% 7.88% 4.44% 1.18% 1.61% 1.53%
ROIC
2.24% 1.94% 2.81% 6.57% 7.16% 10.51% 5.66% 5.34% 5.48% 7.27%
Return on Tangible Assets
(35.80%) (16.46%) (8.99%) (40.27%) (63.83%) (132.42%) (29.18%) (6.75%) (10.44%) (18.42%)
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
7.95% 9.38% 10.21% 7.05% 4.47% 3.04% 4.60% 6.10% 5.44% 3.79%
Selling, General and Administrative Expense of Revenue
42.37% 43.46% 46.74% 43.07% 35.96% 21.89% 36.65% 43.76% 39.41% 39.22%
Intangible Assets out of Total Assets
0.33 0.34 0.38 0.35 0.21 0.08 0.29 0.38 0.29 0.32
Share Based Compensation of Revenue
1.77% 1.31% 1.97% 2.14% 1.19% 1.22% 1.68% 2.56% 2.17% 1.74%
Graham Net Nets
(3.57) (4.15) (3.27) (3.92) (3.37) (5.61) (2.96) (7.79) (10.09) (9.56)
Graham Number
134.70 101.61 67.97 114.00 136.87 149.81 54.57 54.13 84.98 65.18
Earnings Yield
7.34% 5.98% 3.30% 15.29% 22.27% 33.71% 14.75% 12.42% 18.62% 17.85%
Free Cash Flow Yield
(25.03%) (87.54%) (36.95%) 194.20% 58.09% (126.85%) (93.33%) 45.88% (200.20%) (261.01%)
Revenue per Share
39.56 31.26 28.05 37.42 49.65 49.30 18.89 29.37 41.19 42.05
Operating CF per Share
(31.94) (88.91) (31.66) 113.70 40.17 (82.48) (28.71) 17.07 (38.08) (42.34)
Capex per Share
(0.99) (0.43) (0.70) (1.57) 0.38 (0.77) (3.06) (7.32) (8.47) (1.38)
Free Cash Flow per Share
(32.93) (89.34) (32.36) 112.13 40.55 (83.24) (31.77) 9.75 (46.55) (43.72)
Cash per Share
13.76 12.92 18.98 25.27 5.44 7.29 3.36 8.15 8.96 8.36
Shareholders Equity per Share
83.30 75.11 70.80 65.41 53.58 45.10 26.36 49.33 74.13 63.15
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
83.30 75.11 70.80 65.41 53.58 45.10 26.36 49.33 74.13 63.15
Free Cash Flow
(1,703.19) (4,555.37) (1,617.39) 5,950.15 2,587.04 (6,256.52) (2,484.56) 326.97 (1,079.85) (968.86)
Working Capital
(1,399.54) (1,892.57) (1,608.98) (1,180.93) (1,572.13) (1,243.64) (1,346.69) (1,333.16) (994.82) (390.03)
Capital Expenditures
(51.20) (22.10) (35.17) (83.09) 23.98 (57.58) (239.44) (245.43) (196.44) (30.53)
Net Current Asset Value
(24,367.99) (21,598.20) (14,357.32) (12,010.81) (15,011.35) (27,660.48) (7,879.61) (5,551.67) (5,440.61) (3,549.21)
EV/EBIT
31.81 35.10 24.25 8.97 9.44 6.62 12.06 8.85 8.37 6.17
Capex to Sales
0.03 0.01 0.03 0.04 (0.01) 0.02 0.16 0.25 0.21 0.03
Price to Operating Income
10.62 10.82 10.46 4.05 3.08 2.14 4.54 2.17 1.39 0.88
Other line items
Depreciation/Fixed assets
0.00 0.00 0.00 0.00 0.00 0.00 0.00 (0.49) 9.78 10.13
Cash ROIC
(8.80%) (27.06%) (14.42%) 60.21% 19.43% (42.26%) (35.53%) 7.43% (22.26%) (24.18%)
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
0.75 0.67 0.46 0.66 1.32 1.97 1.70 1.24 1.13 0.97
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
627.37 478.96 892.78 544.42 297.73 236.14 226.83 346.61 288.41 453.32
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
499.16 402.16 398.90 353.66 333.91 241.84 165.74 132.68 121.88 112.26
Average Assets
27,737.79 22,465.73 17,833.57 17,799.60 25,187.20 20,900.91 8,841.30 7,423.33 6,251.00 4,319.60
Average Common Equity
4,069.31 3,684.13 3,504.83 3,444.69 3,403.86 2,725.45 1,857.65 1,686.73 1,559.52 1,230.85

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