Loading…
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. The company 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. In addition, the company engages in reinsurance business. 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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.2B | $238M | $190M | $-1.1B | 30.2% | 12.4% | 459.0% |
| 2024 | $1.1B | $256M | $34M | $-807M | 7.7% | -6.6% | -153.2% |
| 2023 | $1.1B | $239M | $-64M | $-112M | -15.9% | 14.5% | -347.9% |
| 2022 | $1000M | $286M | $26M | $-32M | 5.6% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 999.50 | 1,144.60 | 1,069.30 | 1,202.20 |
| Operating Revenue | - | 966.30 | 1,112.60 | 1,027.30 | 1,144.40 |
| Cost Of Revenue | - | 540.30 | 560.10 | 573.70 | 620.10 |
| Gross Profit | - | 459.20 | 584.50 | 495.60 | 582.10 |
| Operating Expense | - | 188.50 | 357.80 | 247.80 | 350 |
| Selling General And Administration | - | 149 | 106.60 | 136.90 | 165.50 |
| Total Expenses | - | 728.80 | 917.90 | 821.50 | 970.10 |
| Operating Income | - | 270.70 | 226.70 | 247.80 | 232.10 |
| EBITDA | - | 285.50 | 238.80 | 256.10 | 237.50 |
| Normalized EBITDA | - | 284.60 | 237.50 | 305.50 | 237.50 |
| EBIT | - | 270.70 | 226.70 | 247.80 | 232.10 |
| Interest Income | 26.37 | - | - | - | - |
| Interest Expense | 143.97 | - | - | - | - |
| Net Interest Income | -117.59 | - | - | - | - |
| Other Non Operating Income Expenses | - | -265.20 | -293.50 | -182 | -169.20 |
| Other Income Expense | - | -245.80 | -284.90 | -208.50 | -169.20 |
| Interest Income Non Operating | 26.37 | - | - | - | - |
| Interest Expense Non Operating | 143.97 | - | - | - | - |
| Net Non Operating Interest Income Expense | -117.59 | - | - | - | - |
| Pretax Income | - | 24.90 | -58.10 | 39.30 | 62.70 |
| Tax Provision | - | -0.80 | 5.60 | 5.30 | -126.80 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.19 | 0.27 | -6.92 | 0 |
| Net Income Continuous Operations | - | 25.70 | -63.70 | 33.90 | 189.50 |
| Net Income From Continuing And Discontinued Operation | - | 25.70 | -63.70 | 33.90 | 189.50 |
| Net Income From Continuing Operation Net Minority Interest | - | 25.70 | -63.70 | 33.90 | 189.50 |
| Net Income | - | 25.70 | -63.70 | 33.90 | 189.50 |
| Net Income Common Stockholders | - | 25.70 | -63.70 | 33.90 | 189.50 |
| Net Income Including Noncontrolling Interests | - | 25.70 | -63.70 | 33.90 | 189.50 |
| Normalized Income | - | 24.99 | -64.73 | 76.38 | 189.50 |
| Diluted NI Availto Com Stockholders | - | 25.70 | -63.70 | 33.40 | 185.40 |
| Basic Average Shares | - | 8.65 | 7.64 | 7.92 | 8.04 |
| Diluted Average Shares | - | 9 | 7.64 | 8.21 | 8.64 |
| Reconciled Depreciation | - | 14.80 | 12.10 | 8.30 | 5.40 |
| Reconciled Cost Of Revenue | - | 540.30 | 560.10 | 573.70 | 620.10 |
| Total Unusual Items | - | 0.90 | 1.30 | -49.40 | 0 |
| Total Unusual Items Excluding Goodwill | - | 0.90 | 1.30 | -49.40 | 0 |
| Special Income Charges | - | 0.90 | 1.30 | -49.40 | 0 |
| Other Special Charges | 15.50 | -0.90 | -1.30 | 49.40 | - |
| General And Administrative Expense | - | 149 | 106.60 | 136.90 | 165.50 |
| Other Gand A | - | 107.20 | 74.80 | 105.50 | 131.90 |
| Rent Expense Supplemental | - | 41.80 | 31.80 | 31.40 | 33.60 |
| Other Operating Expenses | - | 39.50 | 251.20 | 110.90 | 184.50 |
| Rent And Landing Fees | - | 41.80 | 31.80 | 31.40 | 33.60 |
| Earnings From Equity Interest | - | 18.50 | 7.30 | 22.90 | 0 |
| Average Dilution Earnings | - | 0 | 0 | -0.50 | -4.20 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Onity Group Inc.this co. | ONIT | $312M | 1.65↓ discount | 0.50 | 30.2% | 64.46 |
| LINKBANCORP, Inc. | LNKB | $326M | 9.72 | 1.06 | 10.9% | - |
| Timberland Bancorp, Inc. | TSBK | $323M | 11.08 | 1.23 | 11.1% | - |
| American Integrity Insurance Group, Inc. | AII | $321M | 3.22 | 0.95 | 29.6% | - |
| CoastalSouth Bancshares, Inc. | COSO | $314M |
| - |
| - |
| - |
| - |
| - |
| 12.63 |
| 1.21 |
| 9.6% |
| - |
| Citizens Financial Services, Inc. | CZFS | $308M | 8.43 | 0.91 | 10.8% | - |
| Value Line, Inc. | VALU | $305M | 14.75 | 3.06 | 20.8% | 37.84 |
| NI Holdings, Inc. | NODK | $299M | - | 1.24 | -4.3% | - |
| John Marshall Bancorp, Inc. | JMSB | $299M | 14.06 | 1.12 | 8.0% | - |
| Peer Median | - | 11.08 | 1.17 | 10.9% | 37.84 | |