Pennymac Finl Svcs Inc Financials

PFSI

Source SEC Filings (10-K/10-Q) Updated Sep 30, 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 9 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).

Financial Health Signals

Financial Profile 40/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Pennymac Finl Svcs Inc's revenue grew 13.7% year-over-year to $1.6B, a solid pace of expansion. This earns a growth score of 68/100.

Leverage

Pennymac Finl Svcs Inc has a moderate D/E ratio of 1.37. This balance of debt and equity financing earns a leverage score of 60/100.

Cash Flow

While Pennymac Finl Svcs Inc generated -$4.5B in operating cash flow, capex of $1.7M consumed most of it, leaving -$4.5B 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 8.1% shows moderate profitability relative to equity, earning a score of 33/100. This is up from 4.1% 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, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

-14.56x

For every $1 of reported earnings, Pennymac Finl Svcs Inc generates $-14.56 in operating cash flow (-$4.5B OCF vs $311.4M 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

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Revenue

$1.6B

YoY+13.7%

5Y CAGR+1.5%

Pennymac Finl Svcs Inc generated $1.6B in revenue in fiscal year 2024. This represents an increase of 13.7% from the prior year.

EBITDA

N/A

Free Cash Flow

-$4.5B

YoY-186.4%

Pennymac Finl Svcs Inc generated -$4.5B in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 186.4% from the prior year.

Net Income

$311.4M

YoY+115.3%

5Y CAGR-4.5%

Pennymac Finl Svcs Inc reported $311.4M in net income in fiscal year 2024. This represents an increase of 115.3% from the prior year.

EPS (Diluted)

$5.84

YoY+113.1%

5Y CAGR+3.6%

Pennymac Finl Svcs Inc earned $5.84 per diluted share (EPS) in fiscal year 2024. This represents an increase of 113.1% from the prior year.

Cash & Debt

$238.5M

YoY-74.6%

5Y CAGR+4.8%

Pennymac Finl Svcs Inc held $238.5M in cash against $5.3B in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.00

YoY+25.0%

Pennymac Finl Svcs Inc paid $1.00 per share in dividends in fiscal year 2024. This represents an increase of 25.0% from the prior year.

Shares Outstanding

51M

YoY+2.5%

Pennymac Finl Svcs Inc had 51M shares outstanding in fiscal year 2024. This represents an increase of 2.5% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

19.5%

YoY+9.2pp

5Y CAGR-7.1pp

Pennymac Finl Svcs Inc's net profit margin was 19.5% in fiscal year 2024, showing the share of revenue converted to profit. This is up 9.2 percentage points from the prior year.

Return on Equity

8.1%

YoY+4.0pp

5Y CAGR-10.9pp

Pennymac Finl Svcs Inc's ROE was 8.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 4.0 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$1.7M

YoY+23.7%

5Y CAGR-22.5%

Pennymac Finl Svcs Inc invested $1.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 23.7% from the prior year.

PFSI Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$1.6B+13.7%	$1.4B-29.4%	$2.0B-37.3%	$3.2B-14.5%	$3.7B+150.8%	$1.5B
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	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$819.3M+28.5%	$637.8M+90.1%	$335.4M-14.1%	$390.7M+43.9%	$271.6M+28.1%	$212.0M
Income Tax	$89.6M+129.9%	$39.0M-79.5%	$189.7M-46.7%	$355.7M-40.1%	$593.7M+335.0%	$136.5M
Net Income	$311.4M+115.3%	$144.7M-69.6%	$475.5M-52.6%	$1.0B-39.1%	$1.6B+319.1%	$393.0M
EPS (Diluted)	$5.84+113.1%	$2.74-67.8%	$8.50-42.8%	$14.87-28.9%	$20.92+327.8%	$4.89

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$632.9M+42.3%	$444.7M+3.2%	$430.9M-8.3%	$470.1M+15.8%	$406.1M+32.9%	$305.7M-15.5%	$361.9M-9.6%	$400.3M
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$249.9M+4.3%	$239.6M+15.1%	$208.1M-8.8%	$228.1M+9.7%	$207.9M+25.4%	$165.8M-2.8%	$170.5M+8.7%	$156.9M
Income Tax	$54.9M+191.4%	-$60.0M-315.0%	$27.9M+12.2%	$24.9M-30.1%	$35.6M+678.1%	$4.6M+126.3%	-$17.4M-151.3%	$33.9M
Net Income	$181.5M+33.0%	$136.5M+78.9%	$76.3M-27.0%	$104.5M+6.3%	$98.3M+150.0%	$39.3M+206.7%	-$36.8M-139.7%	$92.9M
EPS (Diluted)	$3.37+32.7%	$2.54+78.9%	$1.42-27.2%	$1.95+5.4%	$1.85+150.0%	$0.74+204.2%	$-0.71-140.1%	$1.77

PFSI Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$26.1B+38.4%	$18.8B+12.0%	$16.8B-10.4%	$18.8B-40.6%	$31.6B+209.7%	$10.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$238.5M-74.6%	$938.4M-29.4%	$1.3B+290.6%	$340.1M-36.2%	$532.8M+182.5%	$188.6M
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	$22.3B+45.4%	$15.3B+14.6%	$13.4B-13.1%	$15.4B-45.6%	$28.2B+246.4%	$8.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$5.3B+18.6%	$4.4B+18.1%	$3.8B+20.8%	$3.1B	N/A	$1.5B
Total Equity	$3.8B+8.2%	$3.5B+1.9%	$3.5B+1.5%	$3.4B+0.9%	$3.4B+64.4%	$2.1B
Retained Earnings	$3.8B+7.4%	$3.5B+1.2%	$3.5B+5.4%	$3.3B+40.6%	$2.3B+222.5%	$726.4M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$25.4B+4.9%	$24.2B+1.5%	$23.9B-8.5%	$26.1B+20.9%	$21.6B+9.0%	$19.8B+5.1%	$18.8B-0.6%	$18.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$621.9M+283.5%	$162.2M-23.2%	$211.1M-11.5%	$238.5M-59.9%	$595.3M-35.8%	$927.4M-1.2%	$938.4M-20.3%	$1.2B
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	$21.2B+5.0%	$20.2B+1.1%	$20.0B-10.3%	$22.3B+24.2%	$17.9B+10.4%	$16.2B+6.0%	$15.3B-0.5%	$15.4B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$6.2B+11.6%	$5.6B-3.5%	$5.8B+10.0%	$5.3B+6.6%	$4.9B+8.8%	$4.5B+2.3%	$4.4B-1.1%	$4.5B
Total Equity	$4.2B+4.3%	$4.0B+3.3%	$3.9B+1.9%	$3.8B+4.6%	$3.7B+2.5%	$3.6B+0.9%	$3.5B-1.0%	$3.6B
Retained Earnings	$4.1B+4.2%	$4.0B+3.1%	$3.8B+1.6%	$3.8B+3.9%	$3.6B+2.5%	$3.5B+0.8%	$3.5B-1.3%	$3.6B

PFSI Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$4.5B-186.5%	-$1.6B-126.2%	$6.0B+135.4%	$2.6B+141.3%	-$6.2B-176.1%	-$2.2B
Capital Expenditures	$1.7M+23.7%	$1.4M-80.6%	$7.2M-9.4%	$7.9M-26.0%	$10.7M+74.2%	$6.1M
Free Cash Flow	-$4.5B-186.4%	-$1.6B-126.3%	$6.0B+135.8%	$2.6B+141.1%	-$6.2B-175.8%	-$2.3B
Investing Cash Flow	-$1.9B-590.8%	-$273.3M+62.1%	-$721.6M-137.1%	-$304.4M-138.9%	$783.0M+426.3%	$148.8M
Financing Cash Flow	$5.7B+290.4%	$1.5B+133.9%	-$4.3B-76.4%	-$2.5B-142.6%	$5.8B+170.6%	$2.1B
Dividends Paid	$52.2M+25.9%	$41.4M-24.1%	$54.6M+3.3%	$52.9M+70.9%	$30.9M+218.8%	$9.7M
Share Buybacks	N/A	$71.5M-82.4%	$406.1M-57.6%	$958.2M+183.9%	$337.5M+31858.2%	$1.1M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$697.4M-431.1%	-$131.3M-112.3%	$1.1B+149.6%	-$2.1B-96.6%	-$1.1B-21.7%	-$897.9M-308.7%	$430.3M+144.1%	-$975.9M
Capital Expenditures	$2.1M+59.0%	$1.3M+251.8%	$371K+49.6%	$248K-38.2%	$401K-56.3%	$918K+85.5%	$495K+90.4%	$260K
Free Cash Flow	-$699.4M-427.4%	-$132.6M-112.4%	$1.1B+149.6%	-$2.1B-96.6%	-$1.1B-21.6%	-$898.9M-309.1%	$429.8M+144.0%	-$976.2M
Investing Cash Flow	$753.0M+578.4%	-$157.4M-618.1%	$30.4M+123.7%	-$128.3M+82.6%	-$737.8M+5.7%	-$782.6M-847.6%	$104.7M+154.7%	-$191.5M
Financing Cash Flow	$404.1M+68.5%	$239.8M+121.3%	-$1.1B-147.4%	$2.4B+58.1%	$1.5B-10.2%	$1.7B+315.7%	-$773.9M-195.3%	$812.3M
Dividends Paid	$15.8M0.0%	$15.8M+5.4%	$15.0M-4.3%	$15.7M+50.7%	$10.4M-0.2%	$10.4M+1.8%	$10.2M+0.1%	$10.2M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	-$84K	$0

PFSI Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
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	19.5%+9.2pp	10.3%-13.6pp	23.9%-7.7pp	31.7%-12.8pp	44.4%+17.8pp	26.6%
Return on Equity	8.1%+4.0pp	4.1%-9.6pp	13.7%-15.7pp	29.4%-19.2pp	48.6%+29.5pp	19.1%
Return on Assets	1.2%+0.4pp	0.8%-2.1pp	2.8%-2.5pp	5.3%+0.1pp	5.2%+1.4pp	3.9%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.37+0.1	1.25+0.2	1.08+0.2	0.91-7.4	8.32+7.6	0.72
FCF Margin	-284.6%-171.6pp	-113.0%-416.5pp	303.5%+222.8pp	80.7%+248.2pp	-167.6%-15.2pp	-152.4%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
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	28.7%-2.0pp	30.7%+13.0pp	17.7%-4.5pp	22.2%-2.0pp	24.2%+11.3pp	12.9%+23.0pp	-10.2%-33.4pp	23.2%
Return on Equity	4.3%+0.9pp	3.4%+1.4pp	1.9%-0.8pp	2.7%+0.1pp	2.7%+1.6pp	1.1%	N/A	2.6%
Return on Assets	0.7%+0.2pp	0.6%+0.2pp	0.3%-0.1pp	0.4%-0.1pp	0.5%+0.3pp	0.2%+0.4pp	-0.2%-0.7pp	0.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.48+0.1	1.38-0.1	1.48+0.1	1.37+0.0	1.35+0.1	1.27+0.0	1.250.0	1.25
FCF Margin	-110.5%-80.7pp	-29.8%-277.1pp	247.3%+704.4pp	-457.1%-187.9pp	-269.2%+24.9pp	-294.1%-412.8pp	118.8%+362.6pp	-243.9%

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Frequently Asked Questions

What is Pennymac Finl Svcs Inc's annual revenue?

Pennymac Finl Svcs Inc (PFSI) reported $1.6B in total revenue for fiscal year 2024. This represents a 13.7% 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 13.7% year-over-year, from $1.4B to $1.6B in fiscal year 2024.

Is Pennymac Finl Svcs Inc profitable?

Yes, Pennymac Finl Svcs Inc (PFSI) reported a net income of $311.4M in fiscal year 2024, with a net profit margin of 19.5%.

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

Pennymac Finl Svcs Inc (PFSI) reported diluted earnings per share of $5.84 for fiscal year 2024. This represents a 113.1% 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.

How much debt does Pennymac Finl Svcs Inc have?

As of fiscal year 2024, Pennymac Finl Svcs Inc (PFSI) had $238.5M in cash and equivalents against $5.3B 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 19.5% in fiscal year 2024, 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 $1.00 per share in dividends during fiscal year 2024.

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

Pennymac Finl Svcs Inc (PFSI) has a return on equity of 8.1% for fiscal year 2024, 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 -$4.5B in free cash flow during fiscal year 2024. This represents a -186.4% 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 -$4.5B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Pennymac Finl Svcs Inc's total assets?

Pennymac Finl Svcs Inc (PFSI) had $26.1B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Pennymac Finl Svcs Inc's capital expenditures?

Pennymac Finl Svcs Inc (PFSI) invested $1.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Pennymac Finl Svcs Inc have outstanding?

Pennymac Finl Svcs Inc (PFSI) had 51M shares outstanding as of fiscal year 2024.

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

Pennymac Finl Svcs Inc (PFSI) had a debt-to-equity ratio of 1.37 as of fiscal year 2024, 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 1.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Pennymac Finl Svcs Inc's cash runway?

Based on fiscal year 2024 data, Pennymac Finl Svcs Inc (PFSI) had $238.5M in cash against an annual operating cash burn of $4.5B. This gives an estimated cash runway of approximately 1 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 7–9 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 -14.56x, 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 40 out of 100 on our Financial Profile, indicating moderate 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.