What is Pennymac Finl Svcs Inc's earnings per share (EPS)?

Pennymac Finl Svcs Inc (PFSI) reported diluted earnings per share of $9.30 for fiscal year 2025. This represents a 59.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Pennymac Finl Svcs Inc Financials

PFSI

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Pennymac Finl Svcs Inc (PFSI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI PFSI FY2025 2026-04-22

PennyMac’s earnings recovery rides on a larger, more leveraged balance sheet, while cash flow still moves opposite reported profit.

From FY2023 to FY2025, net income nearly tripled to $501M while operating cash flow remained negative at -$1.65B. At the same time, assets expanded by about $10.9B and ROE recovered to 11.6%, implying the business restored accounting returns by putting more capital to work on a larger, more leveraged balance sheet rather than by turning profits into cash.

Because total assets are far larger than revenue, the better lens is balance-sheet efficiency: FY2025 ROA was only 1.7%, but leverage amplified that into ROE of 11.6%. That gap shows shareholder returns depend heavily on funding structure, so modest asset-level profitability can still produce meaningful equity earnings.

Interest expense rose to $960.6M in FY2025 from $637.8M in FY2023, so funding costs became a larger drag even as earnings improved. With only $301.7M of cash against a much bigger balance sheet, liquidity posture appears to rely more on continued market financing than on cash already sitting on hand.

Financial Health Signals

Financial Profile 29/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Pennymac Finl Svcs Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Pennymac Finl Svcs Inc's revenue surged 28.4% year-over-year to $2.0B, reflecting rapid business expansion. This strong growth earns a score of 68/100.

Leverage

Pennymac Finl Svcs Inc carries a low D/E ratio of 1.45, meaning only $1.45 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 73/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

While Pennymac Finl Svcs Inc generated -$1.7B in operating cash flow, capex of $11.9M consumed most of it, leaving -$1.7B in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Pennymac Finl Svcs Inc's ROE of 11.6% shows moderate profitability relative to equity, earning a score of 31/100. This is up from 8.1% the prior year.

Piotroski F-Score Weak

3/9

Pennymac Finl Svcs Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Low Quality

-3.30x

For every $1 of reported earnings, Pennymac Finl Svcs Inc generates $-3.30 in operating cash flow (-$1.7B OCF vs $501.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$2.0B

YoY+28.4%

5Y CAGR-11.2%

Pennymac Finl Svcs Inc generated $2.0B in revenue in fiscal year 2025. This represents an increase of 28.4% from the prior year.

EBITDA

N/A

Net Income

$501.1M

YoY+60.9%

5Y CAGR-21.2%

Pennymac Finl Svcs Inc reported $501.1M in net income in fiscal year 2025. This represents an increase of 60.9% from the prior year.

EPS (Diluted)

$9.30

YoY+59.2%

5Y CAGR-15.0%

Pennymac Finl Svcs Inc earned $9.30 per diluted share (EPS) in fiscal year 2025. This represents an increase of 59.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$1.7B

YoY+63.3%

Pennymac Finl Svcs Inc generated -$1.7B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 63.3% from the prior year.

Cash & Debt

$301.7M

YoY+26.5%

5Y CAGR-10.8%

Pennymac Finl Svcs Inc held $301.7M in cash against $6.2B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.20

YoY+20.0%

Pennymac Finl Svcs Inc paid $1.20 per share in dividends in fiscal year 2025. This represents an increase of 20.0% from the prior year.

Shares Outstanding

52M

YoY+1.2%

Pennymac Finl Svcs Inc had 52M shares outstanding in fiscal year 2025. This represents an increase of 1.2% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

24.5%

YoY+4.9pp

5Y CAGR-20.0pp

Pennymac Finl Svcs Inc's net profit margin was 24.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.9 percentage points from the prior year.

Return on Equity

11.6%

YoY+3.5pp

5Y CAGR-37.0pp

Pennymac Finl Svcs Inc's ROE was 11.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$4.7M

5Y CAGR-57.4%

Pennymac Finl Svcs Inc spent $4.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$11.9M

YoY+595.1%

5Y CAGR+2.2%

Pennymac Finl Svcs Inc invested $11.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 595.1% from the prior year.

PFSI Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$2.0B+28.4%	$1.6B+13.7%	$1.4B-29.4%	$2.0B-37.3%	$3.2B-14.5%	$3.7B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$782.9M+23.7%	$632.7M+9.7%	$577.0M-21.5%	$735.2M-26.5%	$999.8M+35.4%	$738.6M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$960.6M+17.2%	$819.3M+28.5%	$637.8M+90.1%	$335.4M-14.1%	$390.7M+43.9%	$271.6M
Income Tax	$50.3M-43.8%	$89.6M+129.9%	$39.0M-79.5%	$189.7M-46.7%	$355.7M-40.1%	$593.7M
Net Income	$501.1M+60.9%	$311.4M+115.3%	$144.7M-69.6%	$475.5M-52.6%	$1.0B-39.1%	$1.6B
EPS (Diluted)	$9.30+59.2%	$5.84+113.1%	$2.74-67.8%	$8.50-42.8%	$14.87-28.9%	$20.92

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$538.0M-15.0%	$632.9M+42.3%	$444.7M+3.2%	$430.9M-8.3%	$470.1M+14.2%	$411.8M+1.4%	$406.1M+32.9%	$305.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$208.1M+1.3%	$205.3M+9.5%	$187.5M+3.1%	$182.0M+5.1%	$173.1M+1.0%	$171.3M+20.7%	$142.0M-3.0%	$146.4M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$263.0M+5.2%	$249.9M+4.3%	$239.6M+15.1%	$208.1M-8.8%	$228.1M+4.8%	$217.6M+4.7%	$207.9M+25.4%	$165.8M
Income Tax	$27.6M-49.7%	$54.9M+191.4%	-$60.0M-315.0%	$27.9M+12.2%	$24.9M+1.3%	$24.6M-31.0%	$35.6M+678.1%	$4.6M
Net Income	$106.8M-41.1%	$181.5M+33.0%	$136.5M+78.9%	$76.3M-27.0%	$104.5M+50.6%	$69.4M-29.4%	$98.3M+150.0%	$39.3M
EPS (Diluted)	N/A	$3.37+32.7%	$2.54+78.9%	$1.42	N/A	$1.30-29.7%	$1.85+150.0%	$0.74

PFSI Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$29.4B+12.7%	$26.1B+38.4%	$18.8B+12.0%	$16.8B-10.4%	$18.8B-40.6%	$31.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$301.7M+26.5%	$238.5M-74.6%	$938.4M-29.4%	$1.3B+290.6%	$340.1M-36.2%	$532.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$25.1B+12.7%	$22.3B+45.4%	$15.3B+14.6%	$13.4B-13.1%	$15.4B-45.6%	$28.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$6.2B+18.6%	$5.3B+18.6%	$4.4B+18.1%	$3.8B+20.8%	$3.1B	N/A
Total Equity	$4.3B+12.5%	$3.8B+8.2%	$3.5B+1.9%	$3.5B+1.5%	$3.4B+0.9%	$3.4B
Retained Earnings	$4.2B+11.6%	$3.8B+7.4%	$3.5B+1.2%	$3.5B+5.4%	$3.3B+40.6%	$2.3B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$29.4B+15.7%	$25.4B+4.9%	$24.2B+1.5%	$23.9B-8.5%	$26.1B+14.1%	$22.9B+6.0%	$21.6B+9.0%	$19.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$301.7M-51.5%	$621.9M+283.5%	$162.2M-23.2%	$211.1M-11.5%	$238.5M+63.6%	$145.8M-75.5%	$595.3M-35.8%	$927.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$25.1B+18.3%	$21.2B+5.0%	$20.2B+1.1%	$20.0B-10.3%	$22.3B+16.3%	$19.1B+6.8%	$17.9B+10.4%	$16.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$6.2B0.0%	$6.2B+11.6%	$5.6B-3.5%	$5.8B+10.0%	$5.3B+6.6%	$4.9B0.0%	$4.9B+8.8%	$4.5B
Total Equity	$4.3B+2.4%	$4.2B+4.3%	$4.0B+3.3%	$3.9B+1.9%	$3.8B+2.4%	$3.7B+2.1%	$3.7B+2.5%	$3.6B
Retained Earnings	$4.2B+2.2%	$4.1B+4.2%	$4.0B+3.1%	$3.8B+1.6%	$3.8B+2.4%	$3.7B+1.5%	$3.6B+2.5%	$3.5B

PFSI Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$1.7B+63.6%	-$4.5B-186.5%	-$1.6B-126.2%	$6.0B+135.4%	$2.6B+141.3%	-$6.2B
Capital Expenditures	$11.9M+595.1%	$1.7M+23.7%	$1.4M-80.6%	$7.2M-9.4%	$7.9M-26.0%	$10.7M
Free Cash Flow	-$1.7B+63.3%	-$4.5B-186.4%	-$1.6B-126.3%	$6.0B+135.8%	$2.6B+141.1%	-$6.2B
Investing Cash Flow	$552.5M+129.3%	-$1.9B-590.8%	-$273.3M+62.1%	-$721.6M-137.1%	-$304.4M-138.9%	$783.0M
Financing Cash Flow	$1.2B-79.7%	$5.7B+290.4%	$1.5B+133.9%	-$4.3B-76.4%	-$2.5B-142.6%	$5.8B
Dividends Paid	$62.5M+19.9%	$52.2M+25.9%	$41.4M-24.1%	$54.6M+3.3%	$52.9M+70.9%	$30.9M
Share Buybacks	$4.7M	N/A	$71.5M-82.4%	$406.1M-57.6%	$958.2M+183.9%	$337.5M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$1.9B-170.9%	-$697.4M-431.1%	-$131.3M-112.3%	$1.1B+149.6%	-$2.1B-445.8%	-$393.7M+64.0%	-$1.1B-21.7%	-$897.9M
Capital Expenditures	$8.2M+293.7%	$2.1M+59.0%	$1.3M+251.8%	$371K+49.6%	$248K+67.6%	$148K-63.1%	$401K-56.3%	$918K
Free Cash Flow	-$1.9B-171.3%	-$699.4M-427.4%	-$132.6M-112.4%	$1.1B+149.6%	-$2.1B-445.6%	-$393.9M+64.0%	-$1.1B-21.6%	-$898.9M
Investing Cash Flow	-$73.5M-109.8%	$753.0M+578.4%	-$157.4M-618.1%	$30.4M+123.7%	-$128.3M+46.3%	-$239.2M+67.6%	-$737.8M+5.7%	-$782.6M
Financing Cash Flow	$1.6B+306.5%	$404.1M+68.5%	$239.8M+121.3%	-$1.1B-147.4%	$2.4B+1192.2%	$183.4M-87.8%	$1.5B-10.2%	$1.7B
Dividends Paid	$15.9M+0.8%	$15.8M0.0%	$15.8M+5.4%	$15.0M-4.3%	$15.7M0.0%	$15.7M+50.7%	$10.4M-0.2%	$10.4M
Share Buybacks	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A

PFSI Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	24.5%+4.9pp	19.5%+9.2pp	10.3%-13.6pp	23.9%-7.7pp	31.7%-12.8pp	44.4%
Return on Equity	11.6%+3.5pp	8.1%+4.0pp	4.1%-9.6pp	13.7%-15.7pp	29.4%-19.2pp	48.6%
Return on Assets	1.7%+0.5pp	1.2%+0.4pp	0.8%-2.1pp	2.8%-2.5pp	5.3%+0.1pp	5.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.45+0.1	1.37+0.1	1.25+0.2	1.08+0.2	0.91-7.4	8.32
FCF Margin	-81.3%+203.2pp	-284.6%-171.6pp	-113.0%-416.5pp	303.5%+222.8pp	80.7%+248.2pp	-167.6%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	19.9%-8.8pp	28.7%-2.0pp	30.7%+13.0pp	17.7%-4.5pp	22.2%+5.4pp	16.8%-7.4pp	24.2%+11.3pp	12.9%
Return on Equity	2.5%-1.8pp	4.3%+0.9pp	3.4%+1.4pp	1.9%-0.8pp	2.7%+0.9pp	1.9%-0.8pp	2.7%+1.6pp	1.1%
Return on Assets	0.4%-0.4pp	0.7%+0.2pp	0.6%+0.2pp	0.3%-0.1pp	0.4%+0.1pp	0.3%-0.2pp	0.5%+0.3pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.45-0.0	1.48+0.1	1.38-0.1	1.48+0.1	1.37+0.1	1.32-0.0	1.35+0.1	1.27
FCF Margin	-352.7%-242.2pp	-110.5%-80.7pp	-29.8%-277.1pp	247.3%+704.4pp	-457.1%-361.5pp	-95.6%+173.6pp	-269.2%+24.9pp	-294.1%

Similar Companies

Walker & Dunlop Inc WD

$1.7B

Uwm Holdings Corporation UWMC

$1.1B

Mr Cooper Group Inc COOP

$13.5B

Loandepot Inc LDI

$566.2M

Guild Holdings Co GHLD

$1.2B

Frequently Asked Questions

What is Pennymac Finl Svcs Inc's annual revenue?

Pennymac Finl Svcs Inc (PFSI) reported $2.0B in total revenue for fiscal year 2025. This represents a 28.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Pennymac Finl Svcs Inc's revenue growing?

Pennymac Finl Svcs Inc (PFSI) revenue grew by 28.4% year-over-year, from $1.6B to $2.0B in fiscal year 2025.

Is Pennymac Finl Svcs Inc profitable?

Yes, Pennymac Finl Svcs Inc (PFSI) reported a net income of $501.1M in fiscal year 2025, with a net profit margin of 24.5%.

How much debt does Pennymac Finl Svcs Inc have?

As of fiscal year 2025, Pennymac Finl Svcs Inc (PFSI) had $301.7M in cash and equivalents against $6.2B in long-term debt.

What is Pennymac Finl Svcs Inc's net profit margin?

Pennymac Finl Svcs Inc (PFSI) had a net profit margin of 24.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Pennymac Finl Svcs Inc pay dividends?

Yes, Pennymac Finl Svcs Inc (PFSI) paid $1.20 per share in dividends during fiscal year 2025.

What is Pennymac Finl Svcs Inc's return on equity (ROE)?

Pennymac Finl Svcs Inc (PFSI) has a return on equity of 11.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Pennymac Finl Svcs Inc's free cash flow?

Pennymac Finl Svcs Inc (PFSI) generated -$1.7B in free cash flow during fiscal year 2025. This represents a 63.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Pennymac Finl Svcs Inc's operating cash flow?

Pennymac Finl Svcs Inc (PFSI) generated -$1.7B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Pennymac Finl Svcs Inc's total assets?

Pennymac Finl Svcs Inc (PFSI) had $29.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Pennymac Finl Svcs Inc's capital expenditures?

Pennymac Finl Svcs Inc (PFSI) invested $11.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Pennymac Finl Svcs Inc buy back shares?

Yes, Pennymac Finl Svcs Inc (PFSI) spent $4.7M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Pennymac Finl Svcs Inc have outstanding?

Pennymac Finl Svcs Inc (PFSI) had 52M shares outstanding as of fiscal year 2025.

What is Pennymac Finl Svcs Inc's debt-to-equity ratio?

Pennymac Finl Svcs Inc (PFSI) had a debt-to-equity ratio of 1.45 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Pennymac Finl Svcs Inc's return on assets (ROA)?

Pennymac Finl Svcs Inc (PFSI) had a return on assets of 1.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Pennymac Finl Svcs Inc's cash runway?

Based on fiscal year 2025 data, Pennymac Finl Svcs Inc (PFSI) had $301.7M in cash against an annual operating cash burn of $1.7B. This gives an estimated cash runway of approximately 2 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Pennymac Finl Svcs Inc's Piotroski F-Score?

Pennymac Finl Svcs Inc (PFSI) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Pennymac Finl Svcs Inc's earnings high quality?

Pennymac Finl Svcs Inc (PFSI) has an earnings quality ratio of -3.30x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Pennymac Finl Svcs Inc?

Pennymac Finl Svcs Inc (PFSI) scores 29 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.