OneMain Holdings, Inc. (OMF) 10-Year Financial Performance & Capital Metrics

OMF • • Banking & Credit

Financial ServicesCredit ServicesConsumer Lending & Credit CardsPersonal Installment Lenders

AboutOneMain Holdings, Inc., a financial service holding company, engages in the consumer finance and insurance businesses. The company originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards and insurance products comprising life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans. It operates through a network of approximately 1,400 branch offices in 44 states in the United States, as well as through its website onemainfinancial.com. The company was formerly known as Springleaf Holdings, Inc. and changed its name to OneMain Holdings, Inc. in November 2015. OneMain Holdings, Inc. was founded in 1912 and is based in Evansville, Indiana.Show more

Net Interest Income $3.81B +7.4%
Total Revenue $5.72B +8.0%
Net Income $509M -20.6%
Return on Equity 15.96% -22.8%
Net Interest Margin 14.7% +0.7%
Efficiency Ratio 31.98% -1.4%
ROA 2.03% -25.9%
Equity / Assets 12.32% -6.1%
Book Value per Share 26.57 +0.6%
Tangible BV/Share 11.92 -3.5%
Debt/Equity 6.72 +8.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 21.7%
✓Strong NIM of 14.7%
✓Efficient operations: 32.0% efficiency ratio
✓Well capitalized: 12.3% equity/assets

✗Weaknesses

✗High debt to equity ratio of 6.7x
✗Dividend payout exceeds 100% of earnings

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.31%

5Y4.09%

3Y4.79%

TTM-

Profit (Net Income) CAGR

10Y0.95%

5Y-9.85%

3Y-27.1%

TTM28.65%

EPS CAGR

10Y-0.32%

5Y-7.53%

3Y-24.57%

TTM29.1%

ROCE

10Y Avg3.46%

5Y Avg4.71%

3Y Avg3.81%

Latest2.66%

Peer Comparison

Personal Installment Lenders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ENVAEnova International, Inc.	3.84B	155.23	20.89	25.51%	7.88%	22.83%	38.96%	3.00
FOAFinance Of America Companies Inc.	194.36M	24.63	20.87	24.25%	0.79%	1.65%		90.98
OMFOneMain Holdings, Inc.	7.66B	65.04	15.34	7.98%	8.9%	20.87%	35.25%	6.72
ATLCAtlanticus Holdings Corporation	917.58M	60.60	12.70	13.46%	8.49%	20.24%	50.96%	5.12
RMRegional Management Corp.	369.48M	38.04	9.19	6.73%	7.01%	11.14%	71.42%	4.24
WRLDWorld Acceptance Corporation	703.06M	139.55	8.56	-1.46%	15.89%	15.61%	35.63%	1.20
MFINMedallion Financial Corp.	234.19M	10.06	6.62	14.65%	12.3%	8.96%	49.32%	0.66
OPRTOportun Financial Corporation	226.38M	5.13	-2.63	15.93%	-14.75%	7.97%	100%	7.98

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	1.22B	2.25B	2.38B	2.78B	3.16B	3.34B	3.43B	3.54B	3.54B	3.81B
NII Growth %	-0.02%	0.86%	0.06%	0.17%	0.13%	0.06%	0.03%	0.03%	0%	0.07%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	1.93B	3.11B	3.2B	3.66B	4.13B	4.37B	4.36B	4.43B	4.56B	4.99B
Interest Expense	715M	856M	816M	875M	970M	1.03B	937M	892M	1.02B	1.19B
Loan Loss Provision	716M	932M	955M	1.05B	1.13B	1.32B	593M	1.4B	1.72B	2.04B
Non-Interest Income+	263M	619M	589M	583M	555M	565M	609M	656M	735M	729M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	2.19B	3.73B	3.79B	4.24B	4.68B	4.93B	4.97B	5.09B	5.3B	5.72B
Revenue Growth %	-0.22%	0.7%	0.02%	0.12%	0.1%	0.05%	0.01%	0.02%	0.04%	0.08%
Non-Interest Expense	988M	1.58B	1.58B	1.69B	1.49B	1.61B	1.7B	1.64B	1.72B	1.83B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	-226M	356M	431M	624M	1.1B	977M	1.74B	1.16B	840M	667M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-1.26%	2.58%	0.21%	0.45%	0.76%	-0.11%	0.78%	-0.34%	-0.27%	-0.21%
Pretax Income+	-226M	356M	431M	624M	1.1B	977M	1.74B	1.16B	840M	667M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	-133M	113M	248M	177M	243M	247M	427M	283M	199M	158M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-220M	215M	183M	447M	855M	730M	1.31B	872M	641M	509M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-1.48%	1.98%	-0.15%	1.44%	0.91%	-0.15%	0.8%	-0.34%	-0.26%	-0.21%
Net Income (Continuing)	-93M	243M	183M	447M	855M	730M	1.31B	872M	641M	509M
EPS (Diluted)+	-1.72	1.59	1.35	3.29	6.27	5.41	9.88	7.01	5.31	4.24
EPS Growth %	-1.39%	1.92%	-0.15%	1.44%	0.91%	-0.14%	0.83%	-0.29%	-0.24%	-0.2%
EPS (Basic)	-1.72	1.60	1.35	3.29	6.28	5.42	9.91	7.02	5.35	4.25
Diluted Shares Outstanding	127.91M	135.14M	135.68M	136.03M	136.33M	134.92M	133.05M	124.42M	120.63M	120.1M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	939M	579M	987M	679M	1.23B	2.27B	541M	498M	1.01B	458M
Short Term Investments	0	0	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	3.73B	2.26B	2.2B	1.69B	19.44B	17.74B	19.11B	19.48B	20.66B	2.08B
Investments Growth %	0.27%	-0.39%	-0.03%	-0.23%	10.48%	-0.09%	0.08%	0.02%	0.06%	-0.9%
Long-Term Investments	1.87B	1.76B	1.7B	1.69B	17.65B	15.89B	17.2B	17.75B	18.94B	472M
Accounts Receivables	0	0	0	1000K	1000K	1000K	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	1.44B	1.42B	1.42B	1.42B	1.42B	1.42B	1.44B	1.44B	1.44B	1.47B
Intangible Assets	559M	492M	440M	388M	343M	306M	274M	261M	260M	286M
PP&E (Net)	179M	167M	144M	133M	0	0	0	0	165M	152M
Other Assets	14.1B	11.87B	13.01B	13.95B	92M	435M	718M	866M	-18.94B	-624M
Total Current Assets	2.81B	2.34B	2.68B	2.37B	3.31B	4.42B	2.45B	2.23B	2.73B	2.06B
Total Non-Current Assets	18.25B	15.78B	16.75B	17.72B	19.5B	18.05B	19.63B	20.31B	1.7B	1.76B
Total Assets+	21.19B	18.12B	19.43B	20.09B	22.82B	22.47B	22.08B	22.54B	24.29B	25.91B
Asset Growth %	0.92%	-0.14%	0.07%	0.03%	0.14%	-0.02%	-0.02%	0.02%	0.08%	0.07%
Return on Assets (ROA)	-0.01%	0.01%	0.01%	0.02%	0.04%	0.03%	0.06%	0.04%	0.03%	0.02%
Accounts Payable	67M	61M	58M	123M	0	0	0	0	0	0
Total Debt+	17.3B	13.96B	15.05B	15.18B	17.21B	17.8B	17.75B	18.28B	19.81B	21.44B
Net Debt	16.36B	13.38B	14.06B	14.5B	15.98B	15.53B	17.21B	17.78B	18.8B	20.98B
Long-Term Debt	17.3B	13.96B	15.05B	15.18B	17.21B	17.8B	17.75B	18.28B	19.81B	21.44B
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Liabilities	0	1.1B	1.1B	1.11B	1.24B	1.19B	1.24B	1.24B	1.29B	1.28B
Total Current Liabilities	1.08B	356M	0	624M	0	0	0	0	0	0
Total Non-Current Liabilities	17.3B	15.06B	16.16B	16.29B	18.49B	19.03B	18.99B	19.52B	21.11B	22.72B
Total Liabilities	18.46B	15.06B	16.16B	16.29B	18.49B	19.03B	18.99B	19.52B	21.11B	22.72B
Total Equity+	2.73B	3.07B	3.28B	3.8B	4.33B	3.44B	3.09B	3.02B	3.19B	3.19B
Equity Growth %	0.49%	0.12%	0.07%	0.16%	0.14%	-0.21%	-0.1%	-0.03%	0.06%	0%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	-0.1%	0.07%	0.06%	0.13%	0.21%	0.19%	0.4%	0.29%	0.21%	0.16%
Book Value per Share	21.34	22.69	24.16	27.93	31.76	25.50	23.25	24.23	26.41	26.57
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M
Additional Paid-in Capital	1.53B	1.55B	1.56B	1.68B	1.69B	1.66B	1.67B	1.69B	1.72B	1.73B
Retained Earnings	1.31B	1.52B	1.71B	2.15B	2.6B	1.69B	1.73B	2.12B	2.29B	2.3B
Accumulated OCI	-33M	-6M	11M	-34M	44M	94M	61M	-127M	-87M	-81M
Treasury Stock	0	0	0	0	0	0	-368M	-667M	-728M	-759M
Preferred Stock	0	0	0	0	19M	13M	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	741M	1.33B	1.55B	2.05B	2.36B	2.21B	2.25B	2.39B	2.52B	2.7B
Operating CF Growth %	0.85%	0.79%	0.17%	0.32%	0.15%	-0.06%	0.02%	0.06%	0.06%	0.07%
Net Income	-93M	243M	183M	447M	855M	730M	1.31B	878M	641M	509M
Depreciation & Amortization	198M	521M	328M	289M	271M	264M	264M	262M	257M	277M
Deferred Taxes	-209M	-97M	30M	23M	1M	-42M	78M	-62M	-36M	-42M
Other Non-Cash Items	723M	752M	980M	1.07B	1.16B	1.36B	616M	1.37B	1.67B	2.05B
Working Capital Changes	92M	-115M	17M	86M	67M	-118M	-48M	-90M	-44M	-125M
Cash from Investing+	-2.19B	-2M	-2.19B	-2.4B	-3.43B	-751M	-2.14B	-2.12B	-2.86B	-3.27B
Purchase of Investments	-2.01B	-763M	-671M	-691M	-736M	-994M	-1.23B	-536M	-184M	-284M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-3.9B	26M	-4M	0	0	0	0	0	0	-64M
Other Investing	-599M	-274M	-2.28B	-2.31B	-3.3B	-777M	-2.02B	-2.06B	-3.01B	-2.92B
Cash from Financing+	1.96B	-1.69B	975M	44M	1.52B	-370M	-1.81B	-326M	932M	161M
Dividends Paid	-77M	-18M	0	0	-408M	-806M	-1.27B	-480M	-487M	-498M
Share Repurchases	0	-7M	-5M	-10M	0	-45M	-368M	-303M	-65M	-35M
Stock Issued	976M	0	0	0	0	0	0	2M	3M	4M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	1000K	1000K	1000K	1000K	-1000K	1000K	1000K	1000K
Other Financing	-2M	0	-5M	-10M	0	-6M	-6M	-12M	-7M	-11M
Net Change in Cash+	518M	-360M	338M	-307M	454M	1.09B	-1.71B	-58M	589M	-406M
Exchange Rate Effect	-1000K	1000K	0	0	0	0	0	0	0	0
Cash at Beginning	879M	939M	1.15B	1.49B	1.18B	1.63B	2.72B	1.02B	959M	1.55B
Cash at End	1.61B	579M	1.49B	1.18B	1.63B	2.72B	1.02B	959M	1.55B	1.14B
Interest Paid	0	765M	746M	752M	845M	978M	891M	857M	968M	1.14B
Income Taxes Paid	0	249M	156M	150M	261M	289M	403M	343M	215M	219M
Free Cash Flow+	744M	1.33B	1.56B	2.05B	2.36B	2.21B	2.25B	2.39B	2.52B	2.7B
FCF Growth %	0.62%	0.79%	0.17%	0.31%	0.15%	-0.06%	0.02%	0.06%	0.06%	0.07%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-9.63%	7.42%	5.77%	12.63%	21.04%	18.79%	40.22%	28.55%	20.67%	15.96%
Return on Assets (ROA)	-1.36%	1.09%	0.97%	2.26%	3.99%	3.22%	5.9%	3.91%	2.74%	2.03%
Net Interest Margin	5.73%	12.44%	12.25%	13.85%	13.84%	14.87%	15.52%	15.72%	14.59%	14.7%
Efficiency Ratio	45.05%	42.5%	41.82%	39.94%	31.72%	32.64%	34.22%	32.25%	32.44%	31.98%
Equity / Assets	12.88%	16.92%	16.87%	18.91%	18.98%	15.31%	14.01%	13.38%	13.11%	12.32%
Book Value / Share	21.34	22.69	24.16	27.93	31.76	25.5	23.25	24.23	26.41	26.57
NII Growth	-1.94%	85.51%	5.59%	16.93%	13.44%	5.83%	2.57%	3.38%	0.06%	7.42%
Dividend Payout	-	8.37%	-	-	47.72%	110.41%	96.96%	55.05%	64.59%	110.02%

Revenue by Segment

	2012	2013	2014
Consumer	-	-	166.41M
Consumer Growth	-	-	-
Acquisitions and Servicing	-	-	-
Acquisitions and Servicing Growth	-	-	-
Insurance	-	148.13M	-
Insurance Growth	-	-	-
Historical Accounting Basis	126.53M	-	-
Historical Accounting Basis Growth	-	-	-
Consumer Portfolio	42.2M	-	-
Consumer Portfolio Growth	-	-	-
Corporate and Other	177K	-	-
Corporate and Other Growth	-	-	-
Residential Portfolio	95K	-	-
Residential Portfolio Growth	-	-	-
Push Down Accounting Adjustments	-108K	-	-
Push Down Accounting Adjustments Growth	-	-	-
Insurance	-42.48M	-	-
Insurance Growth	-	-	-

Frequently Asked Questions

Valuation & Price

OneMain Holdings, Inc. (OMF) has a price-to-earnings (P/E) ratio of 15.3x. This is roughly in line with market averages.

Growth & Financials

OneMain Holdings, Inc. (OMF) grew revenue by 8.0% over the past year. This is steady growth.

Yes, OneMain Holdings, Inc. (OMF) is profitable, generating $705.0M in net income for fiscal year 2024 (8.9% net margin).

Dividend & Returns

Yes, OneMain Holdings, Inc. (OMF) pays a dividend with a yield of 7.17%. This makes it attractive for income-focused investors.

OneMain Holdings, Inc. (OMF) has a return on equity (ROE) of 16.0%. This is reasonable for most industries.

Industry Metrics

OneMain Holdings, Inc. (OMF) has a net interest margin (NIM) of 14.7%. This indicates healthy earnings from lending activities.

OneMain Holdings, Inc. (OMF) has an efficiency ratio of 32.0%. This is excellent, indicating strong cost control.

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