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Onity vs PennyMac Financial Services: revenue, profit, margins and growth compared

Onity brought in $1.1B of revenue in fiscal 2025, PennyMac Financial Services $2B in fiscal 2025. Revenue changed by +9.3% at Onity and +28.4% at PennyMac Financial Services on the year before, so PennyMac Financial Services grew faster. Onity kept 17.8% of its revenue as net profit, PennyMac Financial Services 24.5%. Free cash flow was -$750.9M at Onity and -$1.7B at PennyMac Financial Services.

Side by side, latest fiscal year

ONITPFSI
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.1B$2B
Revenue growth+9.3%+28.4%
Net income$189.5M$501.1M
Net margin17.8%24.5%
Free cash flow-$750.9M-$1.7B
Free cash flow margin-70.4%-81.3%
Earnings per share (diluted)$21.46$9.30
Cash$180.5M$301.7M
Debtn/a$6.2B
Price to earnings1.47.0
Market value$256.9M$3.4B
Dividend yieldn/a1.83%
Rank by revenue in sector#186 of 444 · Finance#143 of 444 · Finance

Over the years

Revenue
ONIT FY2018: $1.1BONIT FY2019: $1.1BONIT FY2020: $960.9MONIT FY2021: $1.1BONIT FY2022: $953.9MONIT FY2023: $1.1BONIT FY2024: $976MONIT FY2025: $1.1BPFSI FY2018: $984.6MPFSI FY2019: $1.5BPFSI FY2020: $3.7BPFSI FY2021: $3.2BPFSI FY2022: $2BPFSI FY2023: $1.4BPFSI FY2024: $1.6BPFSI FY2025: $2BFY18FY19FY20FY21FY22FY23FY24FY25
ONIT $1.1BPFSI $2B
Net income
ONIT FY2018: -$70.8MONIT FY2019: -$142.1MONIT FY2020: -$40.2MONIT FY2021: $18.1MONIT FY2022: $25.7MONIT FY2023: -$63.7MONIT FY2024: $33.9MONIT FY2025: $189.5MPFSI FY2018: $87.7MPFSI FY2019: $393MPFSI FY2020: $1.6BPFSI FY2021: $1BPFSI FY2022: $475.5MPFSI FY2023: $144.7MPFSI FY2024: $311.4MPFSI FY2025: $501.1MFY18FY19FY20FY21FY22FY23FY24FY25
ONIT $189.5MPFSI $501.1M
Net margin
ONIT FY2018: -6.7%ONIT FY2019: -12.7%ONIT FY2020: -4.2%ONIT FY2021: 1.7%ONIT FY2022: 2.7%ONIT FY2023: -6.0%ONIT FY2024: 3.5%ONIT FY2025: 17.8%PFSI FY2018: 8.9%PFSI FY2019: 26.6%PFSI FY2020: 44.4%PFSI FY2021: 31.7%PFSI FY2022: 23.9%PFSI FY2023: 10.3%PFSI FY2024: 19.5%PFSI FY2025: 24.5%FY18FY19FY20FY21FY22FY23FY24FY25
ONIT 17.8%PFSI 24.5%
Revenue growth
ONIT FY2019: +5.7%ONIT FY2020: -14.5%ONIT FY2021: +9.3%ONIT FY2022: -9.2%ONIT FY2023: +11.8%ONIT FY2024: -8.5%ONIT FY2025: +9.3%PFSI FY2019: +50.0%PFSI FY2020: +150.8%PFSI FY2021: -14.5%PFSI FY2022: -37.3%PFSI FY2023: -29.4%PFSI FY2024: +13.7%PFSI FY2025: +28.4%FY19FY20FY21FY22FY23FY24FY25
ONIT +9.3%PFSI +28.4%
Free cash flow
ONIT FY2018: $263.6MONIT FY2019: $150MONIT FY2020: $256.9MONIT FY2021: -$471.7MONIT FY2022: $167.7MONIT FY2023: $8.2MONIT FY2024: -$574.6MONIT FY2025: -$750.9MPFSI FY2018: $559MPFSI FY2019: -$2.3BPFSI FY2020: -$6.2BPFSI FY2021: $2.6BPFSI FY2022: $6BPFSI FY2023: -$1.6BPFSI FY2024: -$4.5BPFSI FY2025: -$1.7BFY18FY19FY20FY21FY22FY23FY24FY25
ONIT -$750.9MPFSI -$1.7B

Fiscal years as each company reports them; the two may end in different months.

Questions about Onity and PennyMac Financial Services

Which is bigger by revenue, Onity or PennyMac Financial Services?

PennyMac Financial Services is bigger by revenue: $2B in fiscal 2025, against $1.1B for Onity in fiscal 2025.

Which keeps more of its revenue as profit, Onity or PennyMac Financial Services?

Onity had a net margin of 17.8% in fiscal 2025; PennyMac Financial Services had 24.5% in fiscal 2025.

Which grew revenue faster, Onity or PennyMac Financial Services?

In their latest fiscal years revenue changed by +9.3% at Onity and +28.4% at PennyMac Financial Services.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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