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Onity Group Inc. (ONIT) 10-Year Financial Performance & Capital Metrics

ONIT • • Banking & Credit
Financial ServicesMortgage FinanceResidential Mortgage Origination & ServicingFull-Service Mortgage Banking
AboutOnity 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.Show more
  • Net Interest Income $93M
  • Total Revenue $1.07B -6.6%
  • Net Income $34M +153.2%
  • Return on Equity 7.58% +151.1%
  • Net Interest Margin 0.57%
  • Efficiency Ratio 23.17% -25.9%
  • ROA 0.23% +145.8%
  • Equity / Assets 3% -6.6%
  • Book Value per Share 60.94 +15.8%
  • Tangible BV/Share -244.40 +0.6%
  • Debt/Equity 29.90 +9.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Efficient operations: 23.2% efficiency ratio
  • ✓Diversified revenue: 91.3% from non-interest income
  • ✓Trading near 52-week high
  • ✓Trading at only 0.9x book value

✗Weaknesses

  • ✗High debt to equity ratio of 29.9x
  • ✗Weak Piotroski F-Score: 3/9
  • ✗Weak NIM of 0.6%
  • ✗Thin capital base

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-6.68%
5Y-1.28%
3Y-0.22%
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y23.27%
TTM135.86%

EPS CAGR

10Y-
5Y-
3Y28.86%
TTM120.13%

ROCE

10Y Avg0.83%
5Y Avg1.97%
3Y Avg1.95%
Latest1.74%

Peer Comparison

Full-Service Mortgage Banking
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
PFSIPennyMac Financial Services, Inc.7.83B150.7025.80-21.84%19.54%11.85%5.37
ONITOnity Group Inc.454.63M53.3512.92-6.58%3.17%6.2%29.90
GHLDGuild Holdings Company439.06M20.0112.8360.87%8.27%10.18%2.42
SNFCASecurity National Financial Corporation202.03M9.028.51-14.2%323.91%5.1%27.15%0.32

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Net Interest Income+-464.05M-393.5M-110.96M-89.34M-97.03M-93.37M-117.59M0093.3M
NII Growth %0.11%0.15%0.72%0.19%-0.09%0.04%-0.26%1%--
Net Interest Margin %----------
Interest Income18.32M19.08M15.96M14.03M17.1M16M26.37M0093.3M
Interest Expense482.37M412.58M126.93M103.37M114.13M109.37M143.97M000
Loan Loss Provision759.62M570.09M500.49M429.33M422.51M342.63M411.53M540.3M560.1M573.7M
Non-Interest Income+1.83B1.4B1.21B1.06B1.12B960.8M1.05B999.5M1.14B976M
Non-Interest Income %----------
Total Revenue+1.84B1.41B1.22B1.08B1.14B976.8M1.08B999.5M1.14B1.07B
Revenue Growth %-0.14%-0.23%-0.14%-0.12%0.06%-0.14%0.1%-0.07%0.15%-0.07%
Non-Interest Expense718.57M653.16M498.15M503.16M372.3M524.8M296.2M188.5M357.8M247.8M
Efficiency Ratio----------
Operating Income+-117.22M-221.1M95.51M41.2M231.53M0224.8M270.7M226.7M247.8M
Operating Margin %----------
Operating Income Growth %-2.54%-0.89%1.43%-0.57%4.62%-1%-0.2%-0.16%0.09%
Pretax Income+-129.86M-206.36M-143.97M-71.48M-126.49M-105.7M-4.3M24.9M-58.1M39.3M
Pretax Margin %----------
Income Tax+116.85M-6.99M-15.52M529K15.63M-65.5M-22.4M-800K5.6M5.4M
Effective Tax Rate %----------
Net Income+-247.02M-199.76M-127.97M-70.77M-142.13M-40.2M18.1M25.7M-63.7M33.9M
Net Margin %----------
Net Income Growth %0.47%0.19%0.36%0.45%-1.01%0.72%1.45%0.42%-3.48%1.53%
Net Income (Continuing)-246.71M-199.38M-128.46M-72M-142.13M-40.2M18.1M25.7M-63.7M33.9M
EPS (Diluted)+-29.55-24.17-15.15-7.95-15.90-4.591.932.85-8.344.13
EPS Growth %0.53%0.18%0.37%0.48%-1%0.71%1.42%0.48%-3.93%1.5%
EPS (Basic)-29.55-24.17-15.15-7.95-15.90-4.592.002.97-8.344.28
Diluted Shares Outstanding8.35M8.27M8.47M8.91M8.96M8.75M9.38M9M7.64M8.09M

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash & Short Term Investments+1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Cash & Due from Banks257.27M256.55M259.65M329.13M428.34M284.8M192.8M208M201.6M184.8M
Short Term Investments001000K0000000
Total Investments+7.99M14.8M6.33M2.84M2.08M023.3M42.2M37.8M0
Investments Growth %0.09%0.85%-0.57%-0.55%-0.27%-1%-0.81%-0.1%-1%
Long-Term Investments7.99M14.8M1.59M2.84M2.08M023.3M42.2M37.8M0
Accounts Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Goodwill & Intangibles+----------
Goodwill0000000000
Intangible Assets1.14B1.04B1.01B1.46B1.49B1.3B2.26B2.68B2.28B2.47B
PP&E (Net)57.63M62.74M37.01M33.42M38.27M16.93M13.7M20.2M13.1M11M
Other Assets387.59M266.9M447.43M320.55M511.02M519.21M442.6M312.9M387.9M478.3M
Total Current Assets5.79B6.27B6.91B7.57B8.37B8.82B9.4B9.34B9.79B13.47B
Total Non-Current Assets1.59B1.39B1.5B1.82B2.04B1.84B2.75B3.06B2.72B2.96B
Total Assets+7.38B7.66B8.4B9.39B10.41B10.65B12.15B12.4B12.51B16.44B
Asset Growth %-0.11%0.04%0.1%0.12%0.11%0.02%0.14%0.02%0.01%0.31%
Return on Assets (ROA)-0.03%-0.03%-0.02%-0.01%-0.01%-0%0%0%-0.01%0%
Accounts Payable18.54M122.65M98.49M53M63.6M02.13M000
Total Debt+5.54B6.08B7.02B7.4B8.67B9.29B10.47B10.46B10.93B14.74B
Net Debt5.28B5.83B6.76B7.07B8.24B9B10.28B10.25B10.73B14.55B
Long-Term Debt5.53B5.38B6.44B7B7.72B9.23B10.41B10.39B10.87B14.67B
Short-Term Debt14.3M706.92M573.34M407.9M909.14M35.65M44.9M48.1M52M54.1M
Other Liabilities769.1M607.04M952.43M1.21B1.16B721.22M950.7M1.27B1.01B1.01B
Total Current Liabilities229.7M1.01B806.61M630.15M1.08B262.09M293.3M264.9M219.9M252.4M
Total Non-Current Liabilities6.3B5.99B7.4B8.21B8.92B9.97B11.38B11.68B11.89B15.69B
Total Liabilities6.53B7B7.86B8.84B9.99B10.24B11.67B11.94B12.11B15.94B
Total Equity+854.64M655.28M546.87M554.71M412.01M415.37M476.7M456.7M401.8M492.9M
Equity Growth %-0.18%-0.23%-0.17%0.01%-0.26%0.01%0.15%-0.04%-0.12%0.23%
Equity / Assets (Capital Ratio)----------
Return on Equity (ROE)-0.26%-0.26%-0.21%-0.13%-0.29%-0.1%0.04%0.06%-0.15%0.08%
Book Value per Share102.3079.2764.5562.2345.9747.4850.8150.7652.6260.94
Tangible BV per Share----------
Common Stock1.25M1.24M1.31M1.34M90K87K100K100K100K100K
Additional Paid-in Capital526.15M527M547.06M554.06M558.06M556.06M592.6M547M554.5M559.3M
Retained Earnings325.93M126.17M-2.08M3.57M-138.54M-131.68M-113.6M-87.9M-151.6M-117.6M
Accumulated OCI-1.76M-1.45M-1.25M-4.26M-7.59M-9.1M-2.4M-2.5M-1.2M1.2M
Treasury Stock0000000000
Preferred Stock00000000049.9M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+581.68M421.23M409.02M272.58M151.94M261M-468.4M173.2M10.4M-651M
Operating CF Growth %0.65%-0.28%-0.03%-0.33%-0.44%0.72%-2.79%1.37%-0.94%-63.6%
Net Income-247.02M-199.38M-127.97M-70.6M-142.13M-40.2M18.1M25.7M-63.7M33.9M
Depreciation & Amortization118.35M25.34M78.67M27.2M31.91M19.12M11M14.8M12.1M8.3M
Deferred Taxes68.93M4.52M731K-3.29M3.12M-1.4M215K700K00
Other Non-Cash Items165.75M11.87M23.35M-17.11M95.5M-12.02M-551.01M135.6M30.7M-644.5M
Working Capital Changes468.37M573.69M428.61M334M159.75M293.1M48.6M-8.2M21.6M-48.7M
Cash from Investing+280.37M-791.62M-839.22M-344.87M-587.44M-527.9M-1.01B-149.1M-100.3M478.5M
Purchase of Investments-1.01B-1.1B-1.28B-920.48M-1.03B-1.2B-1.77B-1.67B-1.03B0
Sale/Maturity of Investments1000K1000K01000K01000K1000K1000K1000K1000K
Net Investment Activity----------
Acquisitions000103.5M07.53M-27.93M-19M030.7M
Other Investing1.17B97.06M449.11M80.6M440.67M796K14.2M-40.7M-142.7M672.4M
Cash from Financing+-734.25M316.23M430.36M166.74M530.83M131.8M1.38B-13.4M70.8M182.9M
Dividends Paid0000000000
Share Repurchases-4.14M-5.89M000-4.6M0-50M00
Stock Issued0013.91M0009.9M0020M
Net Stock Activity----------
Debt Issuance (Net)-1000K1000K1000K1000K1000K1000K1000K-1000K1000K1000K
Other Financing-16.35M-11.19M52.28M54.76M-225.12M-58K-533K87.7M-31M-1.9M
Net Change in Cash+127.8M-54.16M162K94.45M95.33M-135.07M-93.7M10.7M-19.1M10.5M
Exchange Rate Effect000000000100K
Cash at Beginning129.47M356.56M302.4M302.56M397.01M492.34M357.2M263.5M274.2M255.1M
Cash at End257.27M302.4M302.56M397.01M492.34M357.26M263.5M274.2M255.1M265.6M
Interest Paid470.72M389.64M128.39M100.17M111.14M00168.5M00
Income Taxes Paid5.71M19.71M23.5M10.96M4.08M00000
Free Cash Flow+531.84M370.35M398.31M258.13M4.32M-16.3M-1.3B-31.7M-111.8M-688.7M
FCF Growth %0.67%-0.3%0.08%-0.35%-0.98%-4.77%-78.93%0.98%-2.53%-5.16%

Banking Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-26.06%-26.46%-21.29%-12.85%-29.4%-9.72%4.06%5.51%-14.84%7.58%
Return on Assets (ROA)-3.16%-2.66%-1.59%-0.8%-1.44%-0.38%0.16%0.21%-0.51%0.23%
Net Interest Margin-6.29%-5.14%-1.32%-0.95%-0.93%-0.88%-0.97%0%0%0.57%
Efficiency Ratio38.98%46.17%40.8%46.72%32.64%53.73%27.52%18.86%31.26%23.17%
Equity / Assets11.58%8.56%6.51%5.9%3.96%3.9%3.92%3.68%3.21%3%
Book Value / Share102.379.2764.5562.2345.9747.4850.8150.7652.6260.94
NII Growth10.55%15.2%71.8%19.48%-8.6%3.77%-25.95%100%--

Frequently Asked Questions

Valuation & Price

Onity Group Inc. (ONIT) has a price-to-earnings (P/E) ratio of 12.9x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Onity Group Inc. (ONIT) saw revenue decline by 6.6% over the past year.

Yes, Onity Group Inc. (ONIT) is profitable, generating $34.2M in net income for fiscal year 2024 (3.2% net margin).

Dividend & Returns

Onity Group Inc. (ONIT) has a return on equity (ROE) of 7.6%. This is below average, suggesting room for improvement.

Industry Metrics

Onity Group Inc. (ONIT) has a net interest margin (NIM) of 0.6%. NIM has been under pressure due to interest rate environment.

Onity Group Inc. (ONIT) has an efficiency ratio of 23.2%. This is excellent, indicating strong cost control.

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