Pricing Log in Create free account
Saturday 17 October 2026 Export PFSI’s income statement to Excel — free account

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
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%) (below 0%: weak)
This Y EPS Growth (48.41%) (below 0%: weak)
Next Y EPS Growth 108.08% (at or above 15%: strong)
Next Y revenue growth 6.23%
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.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

PennyMac Financial Services, Inc. vs peers in Mortgage Finance (Q) = latest quarter vs a year earlier

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.

Source: company filings (standardised) and stockrow calculations.

PennyMac Financial Services, Inc. (PFSI) Latest News

No news at this impact. Lower the threshold for more.
stockrow.com/PFSI · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com