Better Home & Finance Holding Company (BETR) vs UWM Holdings Corporation (UWMC)

Better Home & Finance Holding Company and UWM Holdings Corporation are both Mortgage Finance companies. UWM Holdings Corporation is the larger, with a market value of $2.0B against $206.1M — 9.5× the size. Better Home & Finance Holding Company grew revenue faster over the last twelve months: 57.8% against 3.22%. UWM Holdings Corporation has the higher net margin (−1.66% vs −75.7%) and the higher return on invested capital (1.91% vs 0.00%). Across the 18 metrics below, Better Home & Finance Holding Company leads on 9 and UWM Holdings Corporation on 9.

Valuation

Metric BETR UWMC Mortgage Finance median
P/E n/m n/m 7.11
P/S 0.82 0.18 1.54
P/B 3.37 0.42 0.53
Price to free cash flow n/m n/m 6.59
EV/EBITDA n/m 27.85 22.03
EV/Sales 0.35 6.51 5.95
Earnings yield (105.45%) (6.56%) 2.09%
Free cash flow yield (85.05%) (798.75%) (16.97%)

Profitability

Metric BETR UWMC Mortgage Finance median
Gross margin 81.25% 81.01% 84.40%
Operating margin 0.00% 20.72% 12.51%
Net margin (75.73%) (1.66%) (0.83%)
Free cash flow margin (69.77%) (147.01%) (45.06%)
Return on equity (267.67%) (2.72%) (1.16%)
Return on assets (12.97%) (0.23%) 0.38%
Return on invested capital 0.00% 1.91% 0.36%

Growth

Metric BETR UWMC Mortgage Finance median
Revenue growth (TTM) 57.78% 3.22% 11.44%
EPS growth (last fiscal year) 20.88% (7.69%) —
Revenue growth, 5-year CAGR — (13.42%) (11.16%)
Net income growth, 5-year CAGR 0.00% (61.84%) 0.00%

Health

Metric BETR UWMC Mortgage Finance median
Debt to equity 0.00 14.86 1.22
Current ratio 0.91 1.64 1.38
Net debt to EBITDA 0.00 15.25 9.85

Dividend

Metric BETR UWMC Mortgage Finance median
Dividend yield — 5.81% 5.81%
Payout ratio 0.00 5.71 0.00

Size

Metric BETR UWMC Mortgage Finance median
Market cap 206.08m 1.96b 214.95m

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