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Onity Group Inc.

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Financial Services · Financial - Mortgages · United States · Updated May 10, 5:44pm
$38.91
Price
$328.1M
Market Cap
4,200
Employees
1.56
Beta
Glen A. Messina
CEO
Business Description

Onity Group Inc., a financial services company, originates and services forward and reserve mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. It operates through the Servicing and Originations segments. The company offers owned mortgage servicing rights and subservicing products; conventional, government-insured, and non-agency mortgage loans, as well as reverse mortgage and multi-family loans; and residential forward mortgage and small commercial mortgage loans. It also originates and purchases conventional and government-insured residential forward and reverse mortgage loans through its correspondent lending arrangements, broker relationships, and retail channels. The company offers its services under the PHH Mortgage and Liberty Reverse Mortgage brands. It serves financial institutions. The company was formerly known as Ocwen Financial Corporation and changed its name to Onity Group Inc. in June 2024. Onity Group Inc. was founded in 1988 and is headquartered in West Palm Beach, Florida.

Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
1.69
Stock Price: $38.91
EPS (Diluted): 23.07
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
0.59
Stock Price: $38.91
Total Equity: $628.00M
Shares: 8,634,669
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
26.48
Market Cap: $328.09M
Total Debt: $15.17B
Cash: $180.50M
EBITDA: $580.33M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$15.4B
Market Cap: $328.09M
Total Debt: $15.17B
Cash: $180.50M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
94.5%
Gross Profit: $1.01B
Revenue: $1.07B
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
55.3%
Operating Income: $589.70M
Revenue: $1.07B
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
17.8%
Net Income: $189.50M
Revenue: $1.07B
ROE (Profit from shareholder equity)
CALC
Net Income / Total Equity
30.2%
Net Income: $189.50M
Total Equity: $628.00M
ROIC (Profit from all invested capital)
CALC
NOPAT / Invested Capital
11.4%
Operating Income: $589.70M
Tax Rate: -202.2%
Equity: $628.00M
Total Debt: $15.17B
Cash: $180.50M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
51.26
Current Assets: $12.66B
Current Liabilities: $247.00M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
24.16
Short-Term Debt: $53.20M
Long-Term Debt: $15.12B
Total Debt: $15.17B
Total Equity: $628.00M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$123.54
Revenue: $1.07B
Shares: 8,634,669
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$72.73
Total Equity: $628.00M
Shares: 8,634,669
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$-130.21
Operating CF: -$748.00M
CapEx: -$376.30M
Shares: 8,634,669
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
1.1%
Last Dividend: N/A
Stock Price: $38.91
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $189.50M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares ONIT against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $1.1B $999.5M $1.1B $1.1B $1.1B
Cost of Revenue $555.5M $540.3M $560.1M $573.7M $58.9M
Gross Profit $521.0M $459.2M $584.5M $495.6M $1.0B
Operating Expenses $296.2M $188.5M $357.8M $247.8M $418.1M
Operating Income $224.8M $270.7M $226.7M $247.8M $589.7M
Net Income $18.1M $25.7M -$63.7M $33.9M $189.5M
EBITDA $235.8M $285.5M $238.8M $256.1M $580.3M
EPS $2.00 $2.97 $-8.34 $4.28 $23.07
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $192.8M $208.0M $201.6M $184.8M $180.5M
Total Current Assets $9.4B $9.3B $9.8B $13.5B $12.7B
Total Assets $12.1B $12.4B $12.5B $16.4B $16.2B
Current Liabilities $293.3M $264.9M $219.9M $252.4M $247.0M
Long-Term Debt $10.4B $10.4B $10.9B $14.7B $15.1B
Total Liabilities $11.7B $11.9B $12.1B $15.9B $15.5B
Total Equity $476.7M $456.7M $401.8M $492.9M $628.0M
Retained Earnings -$113.6M -$87.9M -$151.6M -$117.6M $71.9M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow -$468.4M $173.2M $10.4M -$651.0M -$748.0M
Capital Expenditure -$834.5M -$204.9M -$122.2M -$37.7M -$376.3M
Free Cash Flow -$1.3B -$31.7M -$111.8M -$688.7M -$1.1B
Acquisitions (net) -$27.9M -$19.0M $0 $30.7M $0
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks $0 -$50.0M $0 $0 $0
Net Change in Cash -$93.7M $10.7M -$19.1M $10.5M -$1.0M
Analyst Estimates (Annual)
Metric 2025 2026 2027 2028
Revenue $1.1B
$1.1B – $1.1B
 $1.2B
$1.2B – $1.2B
 $1.3B
$1.3B – $1.3B
 $1.4B
$1.4B – $1.4B
EBITDA $770.5M
$770.5M – $770.5M
 $860.7M
$860.7M – $860.7M
 $946.3M
$946.3M – $946.3M
 $984.7M
$981.2M – $988.2M
Net Income $83.7M
$83.7M – $83.7M
 $73.8M
$73.8M – $73.8M
 $69.5M
$69.5M – $69.5M
 $83.7M
$83.7M – $83.7M
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth -7.2% +14.5% -6.6% -0.2%
Gross Profit Growth -11.9% +27.3% -15.2% +103.3%
Operating Income Growth +20.4% -16.3% +9.3% +138.0%
Net Income Growth +42.0% -347.9% +153.2% +459.0%
EBITDA Growth +21.1% -16.4% +7.2% +126.6%
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My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27