Better Home & Finance Holding Company (BETR) vs Greystone Housing Impact Investors LP (GHI)

Better Home & Finance Holding Company and Greystone Housing Impact Investors LP are both Mortgage Finance companies. Better Home & Finance Holding Company is the larger, with a market value of $206.1M against $135.2M — 1.5× the size. Better Home & Finance Holding Company grew revenue faster over the last twelve months: 57.8% against −13.6%. Greystone Housing Impact Investors LP has the higher net margin (−7.74% vs −75.7%) and the higher return on invested capital (2.87% vs 0.00%). Across the 17 metrics below, Greystone Housing Impact Investors LP leads on 11 and Better Home & Finance Holding Company on 6.

Valuation

Metric BETR GHI Mortgage Finance median
P/E n/m n/m 7.11
P/S 0.82 1.68 1.54
P/B 3.37 0.52 0.53
Price to free cash flow n/m 7.74 6.59
EV/EBITDA n/m 17.18 22.03
EV/Sales 0.35 13.50 5.95
Earnings yield (105.45%) (4.10%) 2.09%
Free cash flow yield (85.05%) 12.92% (16.97%)

Profitability

Metric BETR GHI Mortgage Finance median
Gross margin 81.25% 97.33% 84.40%
Operating margin 0.00% 69.11% 12.51%
Net margin (75.73%) (7.74%) (0.83%)
Free cash flow margin (69.77%) 21.65% (45.06%)
Return on equity (267.67%) (2.32%) (1.16%)
Return on assets (12.97%) (0.44%) 0.38%
Return on invested capital 0.00% 2.87% 0.36%

Growth

Metric BETR GHI Mortgage Finance median
Revenue growth (TTM) 57.78% (13.63%) 11.44%
EPS growth (last fiscal year) 20.88% (168.42%) —
Revenue growth, 5-year CAGR — 8.99% (11.16%)
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BETR GHI Mortgage Finance median
Debt to equity 0.00 3.80 1.22
Current ratio 0.91 8.88 1.38
Net debt to EBITDA 0.00 17.88 9.85

Dividend

Metric BETR GHI Mortgage Finance median
Dividend yield — 8.88% 5.81%
Payout ratio 0.00 0.49 0.00

Size

Metric BETR GHI Mortgage Finance median
Market cap 206.08m 135.18m 214.95m

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