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UWM Holdings Corporation

UWMC Financial Mortgage Finance

UWM Holdings Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.4 billion, up 11.1% from fiscal 2024.

Revenue
−81.1%
EPS
−318.2%
Free cash flow
+64.6%
Total debt
+38.4%

Quarter to June 2026, against a year earlier

1.52 0.11 −6.75%
Market cap
$2.6B
P/E
0.0×
Fwd P/E
−29.2×
Dividend yield
19.7%
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 332.44
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 5 7 7 9 9 2 — — — — — —
Insider Ownership 8.67%

Capital & Financial Ratios $m

Size
Market Cap 2,620.00
Revenue ttm 2,237.30
Net income ttm (104.96)
Free cash flow ttm (3,289.09)
Net debt Q 14,142.10
Valuation
P/E 0.00
Forward P/E (29.20) (negative: loss-making)
Price / sales 0.23
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.52
Financial health
Current ratio Q 1.64
Debt / equity Q 14.86
Interest coverage Q (1.97)
Growth
Revenue growth Q −81.06% (below 0%: shrinking)
Operating income growth Q −167.31% (below 0%: shrinking)
EPS, this year −17.29% (below 0%: weak)
EPS, next year A +93.00% (at or above 15%: strong)
Revenue, next year A +3.15%
EPS, past 5 yrs —
EPS, next 5 yrs A +38.91% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 42.86%
10-year low 10-year high
P/B against its own 10 years 77.58%
10-year low 10-year high

Dividends

Yield
19.7%
Annual rate
0.30
Payout ratio
—
Growth, 2021–26
−16.7%/yr
  1. 0.50 ’21
  2. 0.50 ’22 +0
  3. 0.40 ’23 −20
  4. 0.40 ’24 +0
  5. 0.40 ’25 +0
  6. 0.20 ’26 −50
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 497 507 503 498
Receivables 512 418 527 532
Inventory — — — —
Other 33 100 38 84
10,519 14,512 15,074 16,044
2023 2024 2025 Q'26
Payables 469 581 708 882
ST’ Debt 4,996 8,788 9,000 8,684
Other 41 36 27 34
5,665 9,565 9,896 9,760

Compound Annual Growth %

10y 5y 3y
Sales — (13.42%) 0.43%
Cash Flow — 0.00% 0.00%
Earnings — (61.84%) (13.09%)
Book Value — (7.66%) (20.50%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.03 Actual 0.10

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.09 0.08 Miss by 0.01
Q1 FY26 0.06 0.09 Beat by 0.03
Q2 FY26 0.07 −0.23 Miss by 0.30
Q3 FY26 0.03 0.10 Beat by 0.07
Q4 FY26 −0.01 — Reports 24 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.09 (0.24) — — —
’25 (0.12) 0.11 (0.01) 0.08 0.12
’24 0.09 0.03 (0.06) 0.02 0.13
’23 (0.13) 0.08 0.15 (0.29) (0.14)
’22 0.22 0.09 0.13 (0.03) 0.45
’21 0.33 0.07 0.16 0.11 0.66
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 753 162 — — —
’25 225 856 563 759 2,403
’24 570 507 526 560 2,164
’23 161 588 677 (115) 1,311
’22 822 564 684 302 2,373
’21 1,190 485 690 605 2,970
’20 455 831 1,834 1,818 4,939
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (2,230) 344 — — —
’25 594 (266) (3,079) 104 (2,648)
’24 (2,203) (1,317) (2,178) (543) (6,241)
’23 1,993 (1,844) 346 (329) 165
’22 11,752 (391) (548) (2,545) 8,268
’21 2,637 (6,983) 592 (6,203) (9,957)
’20 (636) 415 1,611 (1,334) 56
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (1,706) 593 — — —
’25 1,518 360 (2,439) 263 (298)
’24 (916) (259) (1,947) (447) (3,569)
’23 2,636 (1,419) 927 (162) 1,982
’22 12,359 (190) (206) (2,411) 9,553
’21 2,630 (7,005) 811 (6,194) (9,758)
’20 (404) 420 1,588 (1,316) 288
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — 1,278 4,939 2,970 2,373 1,311 2,164 2,403 2,237 +11.1% 2,479 2,615 2,900 +6.5%
Gross margin, % — — — 94.89 97.46 93.88 89.19 82.00 86.08 85.25 81.01 (9.6) pt
EBT — — — 415 3,385 1,578 935 (76) 336 251 (113) (8.0%)
EBT margin, % — — — 32.47 68.54 53.13 39.39 (5.82) 15.53 10.44 (5.06) (22.0) pt
Net income — 0 — 415 3,383 1,568 932 (70) 329 244 (105) n/m
Per share, $
Per share, $ Revenue — — — 24.12 98.77 29.44 25.66 14.06 19.43 11.37 6.63 (11.8%)
Earnings — — — — — 0.98 0.45 (0.14) 0.13 0.13 (0.08) (39.6%)
Cash flow — — — (65.96) 1.13 (98.70) 89.41 1.77 (56.04) (12.52) (14.40) (24.2%)
Capex — — — 10.89 4.64 1.97 13.89 19.49 24.00 11.11 4.66 +0.3%
Free cash flow — — — (55.07) 5.77 (96.73) 103.30 21.26 (32.04) (1.41) (9.74) (45.7%)
Book value — — — 0.00 47.49 31.43 34.30 26.54 18.44 7.54 2.92 n/m
Shares, m — — — 53 50 101 92 93 111 211 266 +25.9%
Valuation, ×
Valuation, × P/E — — — 0.00 0.00 6.10 7.39 0.00 48.92 43.80 0.00 15.2
P/S — — — 0.00 0.14 0.20 0.13 0.50 0.30 0.39 0.23 0.2
P/B — — — 0.00 0.29 0.19 0.10 0.26 0.32 0.58 0.52 0.2
EV/Sales — — — 0.00 1.53 6.05 3.76 6.04 5.66 5.67 — 4.1
EV/FCF — — — 0.00 26.18 (1.84) 0.94 4.00 (3.43) (45.75) — (2.8)
Cash, $m
Cash, $m Operating cash flow — — — (3,496) 56 (9,957) 8,268 165 (6,241) (2,648) (4,861) (4.5%)
Capex — — — 577 232 199 1,285 1,817 2,673 2,350 1,572 +26.4%
Free cash flow — — — (2,919) 288 (9,758) 9,553 1,982 (3,569) (298) (3,289) (31.6%)
Balance, $m
Balance, $m Working capital — — — 0 3,330 4,795 5,565 4,853 4,947 5,178 6,285 n/m
Net debt — — — 0 6,850 17,381 8,618 7,267 11,591 12,702 14,142 n/m
Shareholders’ equity — — — 0 2,374 3,171 3,172 2,475 2,054 1,594 985 n/m
Returns, %
Returns, % ROA — — — 201,239.76 58.86 0.58 0.23 (0.10) 0.10 0.17 (0.23) (201,239.6) pt
ROIC — — — 0.00 24.07 5.66 6.70 1.57 3.76 3.40 1.91 +3.4 pt
ROE — — — 16,602.28 284.93 3.55 1.32 (0.47) 0.64 1.50 (2.72) (16,600.8) pt
People
People Employees — — — 3 0 8,000 6,000 6,700 9,100 9,100 — +280.5%
Revenue/emp, $m — — — 426.14 0.00 0.37 0.40 0.20 0.24 0.26 — (70.8%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

UWM Holdings Corporation 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. $42.1B 32.8× 31.0× +104.57% (above 0%: growing) n/m +7,729.63% (above 0%: growing) 100.00% 40.10% Compare
PFSI PennyMac Financial Services, Inc. $3.5B 14.2× 15.8× −25.93% (below 0%: shrinking) −84.29% (below 0%: shrinking) +218.40% (above 0%: growing) 76.86% 14.29% Compare
UWMC UWM Holdings Corporation $2.6B — (loss-making) — (loss-making) −81.06% (below 0%: shrinking) n/m +64.57% (above 0%: growing) 24.81% (192.94%)
WD Walker & Dunlop, Inc. $1.4B — (loss-making) 35.2× −11.62% (below 0%: shrinking) n/m +175.64% (above 0%: growing) 44.82% (10.67%) Compare
VEL Velocity Financial, Inc. $689.0M 6.3× 12.1× +34.05% (above 0%: growing) +3.03% (above 0%: growing) −152.77% (below 0%: shrinking) 0.00% 0.00% Compare
BETR Better Home & Finance Holding Company $360.6M — (loss-making) — (loss-making) +25.81% (above 0%: growing) n/m +136.12% (above 0%: growing) 89.80% 0.00% Compare
ONIT Onity Group Inc. $269.2M 2.0× 13.2× −0.78% (below 0%: shrinking) −80.82% (below 0%: shrinking) +306.19% (above 0%: growing) 100.00% 0.00% Compare
LDI loanDepot, Inc. $211.5M — (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 $103.1M — (loss-making) 3.2× −7.10% (below 0%: shrinking) n/m −92.85% (below 0%: shrinking) 93.66% 60.90% Compare
Median of peers $524.8M 10.2× 14.5× +9.31% −80.82% +197.02% 88.79% 5.23%

All 13 Mortgage Finance stocks →

Pay and ownership Proxy statement filed 24 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 9.96m 9.39m 50.68
2024 13.15m 12.83m 62.51
2023 12.17m 12.92m 77.21
2022 6.99m 6.99m 33.43
2021 7.81m 7.81m 53.55
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

UWM Holdings Corporation (UWMC) Latest News

7 Nov

Impact 3 · · MarketBeat transcript

6 Nov

Impact 3 · · Moby transcript

5 Nov

Impact 3 · · The Motley Fool transcript

4 Nov

Impact 3 · · Business Wire

28 Oct

Impact 3 · · Business Wire

23 Oct

Impact 4 · · TIKR
Impact 4 · · Business Wire

17 Oct

Impact 3 · · Simply Wall St.

15 Oct

Impact 4 · · Insider Monkey

6 Oct

Impact 4 · · Business Wire

24 Sep

Impact 4 · · Simply Wall St.
Impact 4 ·

22 Sep

Impact 4 ·
Impact 3 · · Zacks

15 Sep

Impact 3 ·

7 Sep

Impact 4 · · The Motley Fool

19 Aug

Impact 4 · · The Motley Fool

13 Aug

Impact 4 · · The Motley Fool transcript

10 Aug

Impact 4 ·
Impact 3 ·

9 Aug

Impact 4 ·
Impact 4 ·
Impact 3 · · MarketBeat transcript

7 Aug

Impact 4 ·

6 Aug

Impact 3 · · Moby transcript
Impact 3 ·
Impact 3 ·

5 Aug

Impact 4 ·
Impact 3 ·

30 Jul

Impact 3 ·

UWMC metrics, ten years each

stockrow.com/UWMC · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com