vs
PennyMac Financial Services, Inc.（PFSI）与UWM Holdings Corp（UWMC）财务数据对比。点击上方公司名可切换其他公司
UWM Holdings Corp的季度营收约是PennyMac Financial Services, Inc.的155.1倍（$945.2M vs $6.1M）。PennyMac Financial Services, Inc.净利率更高（1752.5% vs 2.1%，领先1750.4%）。UWM Holdings Corp同比增速更快（68.7% vs 49.3%）。UWM Holdings Corp自由现金流更多（$82.0M vs $-1.9B）。过去两年PennyMac Financial Services, Inc.的营收复合增速更高（29.8% vs 28.8%）
PennyMac Financial Services是总部位于美国加利福尼亚州西湖村的住宅抵押贷款企业，核心业务涵盖美国抵押贷款的发放、贷后服务，以及抵押贷款市场相关投资管理。公司下设两家子公司，其中PNMAC资本管理有限公司负责运营旗下的抵押贷款不动产投资信托（REIT）PennyMac Mortgage Investment Trust。
UWM控股（前身为联合海岸金融服务）是总部位于美国密歇根州庞蒂亚克的批发抵押贷款机构，专门为独立贷款经纪人提供贷款承销服务，据2024年公开数据显示，该公司是目前美国规模最大的抵押贷款放贷机构。
PFSI vs UWMC — 直观对比
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.1M | $945.2M |
| 净利润 | $106.8M | $19.4M |
| 毛利率 | — | — |
| 营业利润率 | — | 17.9% |
| 净利率 | 1752.5% | 2.1% |
| 营收同比 | 49.3% | 68.7% |
| 净利润同比 | 2.2% | 117.6% |
| 每股收益（稀释后） | $1.97 | $0.14 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
| Q4 25 | $6.1M | $945.2M | ||
| Q3 25 | $4.6M | $843.3M | ||
| Q2 25 | $4.5M | $758.7M | ||
| Q1 25 | $4.9M | $613.4M | ||
| Q4 24 | $4.1M | $560.2M | ||
| Q3 24 | $3.4M | $526.4M | ||
| Q2 24 | $15.7M | $507.1M | ||
| Q1 24 | $3.6M | $570.0M |
| Q4 25 | $106.8M | $19.4M | ||
| Q3 25 | $181.5M | $-1.3M | ||
| Q2 25 | $136.5M | $22.9M | ||
| Q1 25 | $76.3M | $-13.7M | ||
| Q4 24 | $104.5M | $8.9M | ||
| Q3 24 | $69.4M | $-6.3M | ||
| Q2 24 | $98.3M | $3.0M | ||
| Q1 24 | $39.3M | $8.7M |
| Q4 25 | — | 17.9% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 43.4% | ||
| Q1 25 | — | -42.5% | ||
| Q4 24 | — | 7.6% | ||
| Q3 24 | — | 6.1% | ||
| Q2 24 | — | 15.2% | ||
| Q1 24 | — | 32.3% |
| Q4 25 | 1752.5% | 2.1% | ||
| Q3 25 | 3964.7% | -0.1% | ||
| Q2 25 | 3021.8% | 3.0% | ||
| Q1 25 | 1551.0% | -2.2% | ||
| Q4 24 | 2559.8% | 1.6% | ||
| Q3 24 | 2017.7% | -1.2% | ||
| Q2 24 | 624.6% | 0.6% | ||
| Q1 24 | 1086.8% | 1.5% |
| Q4 25 | $1.97 | $0.14 | ||
| Q3 25 | $3.37 | $-0.01 | ||
| Q2 25 | $2.54 | $0.11 | ||
| Q1 25 | $1.42 | $-0.12 | ||
| Q4 24 | $1.95 | $0.07 | ||
| Q3 24 | $1.30 | $-0.06 | ||
| Q2 24 | $1.85 | $0.03 | ||
| Q1 24 | $0.74 | $0.09 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $410.0M | $503.4M |
| 总债务越低越好 | $6.2B | $3.0B |
| 股东权益账面价值 | $4.3B | $1.6B |
| 总资产 | $29.4B | $16.9B |
| 负债/权益比越低杠杆越低 | 1.45× | 1.87× |
8季度趋势，按日历期对齐
| Q4 25 | $410.0M | $503.4M | ||
| Q3 25 | $62.2M | $870.7M | ||
| Q2 25 | $462.3M | $490.0M | ||
| Q1 25 | $443.4M | $485.0M | ||
| Q4 24 | $420.6M | $507.3M | ||
| Q3 24 | $667.9M | $636.3M | ||
| Q2 24 | $188.8M | $680.2M | ||
| Q1 24 | $69.0K | $605.6M |
| Q4 25 | $6.2B | $3.0B | ||
| Q3 25 | $6.2B | $3.8B | ||
| Q2 25 | $5.6B | $2.8B | ||
| Q1 25 | $5.8B | $2.8B | ||
| Q4 24 | $5.3B | $2.8B | ||
| Q3 24 | $4.9B | $2.0B | ||
| Q2 24 | $4.9B | $2.0B | ||
| Q1 24 | $4.5B | $2.0B |
| Q4 25 | $4.3B | $1.6B | ||
| Q3 25 | $4.2B | $1.6B | ||
| Q2 25 | $4.0B | $1.7B | ||
| Q1 25 | $3.9B | $1.6B | ||
| Q4 24 | $3.8B | $2.1B | ||
| Q3 24 | $3.7B | $2.2B | ||
| Q2 24 | $3.7B | $2.3B | ||
| Q1 24 | $3.6B | $2.5B |
| Q4 25 | $29.4B | $16.9B | ||
| Q3 25 | $25.4B | $17.0B | ||
| Q2 25 | $24.2B | $13.9B | ||
| Q1 25 | $23.9B | $14.0B | ||
| Q4 24 | $26.1B | $15.7B | ||
| Q3 24 | $22.9B | $15.1B | ||
| Q2 24 | $21.6B | $12.9B | ||
| Q1 24 | $19.8B | $12.8B |
| Q4 25 | 1.45× | 1.87× | ||
| Q3 25 | 1.48× | 2.38× | ||
| Q2 25 | 1.38× | 1.59× | ||
| Q1 25 | 1.48× | 1.70× | ||
| Q4 24 | 1.37× | 1.36× | ||
| Q3 24 | 1.32× | 0.92× | ||
| Q2 24 | 1.35× | 0.86× | ||
| Q1 24 | 1.27× | 0.81× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-1.9B | $103.8M |
| 自由现金流经营现金流 - 资本支出 | $-1.9B | $82.0M |
| 自由现金流率自由现金流/营收 | -31125.7% | 8.7% |
| 资本支出强度资本支出/营收 | 134.0% | 2.3% |
| 现金转化率经营现金流/净利润 | -17.68× | 5.34× |
| 过去12个月自由现金流最近4个季度 | $-1.7B | $-2.7B |
8季度趋势，按日历期对齐
| Q4 25 | $-1.9B | $103.8M | ||
| Q3 25 | $-697.4M | $-3.1B | ||
| Q2 25 | $-131.3M | $-265.9M | ||
| Q1 25 | $1.1B | $593.9M | ||
| Q4 24 | $-2.1B | $-543.3M | ||
| Q3 24 | $-393.7M | $-2.2B | ||
| Q2 24 | $-1.1B | $-1.3B | ||
| Q1 24 | $-897.9M | $-2.2B |
| Q4 25 | $-1.9B | $82.0M | ||
| Q3 25 | $-699.4M | $-3.1B | ||
| Q2 25 | $-132.6M | $-290.1M | ||
| Q1 25 | $1.1B | $576.1M | ||
| Q4 24 | $-2.1B | $-551.6M | ||
| Q3 24 | $-393.9M | $-2.2B | ||
| Q2 24 | $-1.1B | $-1.3B | ||
| Q1 24 | $-898.9M | $-2.2B |
| Q4 25 | -31125.7% | 8.7% | ||
| Q3 25 | -15278.5% | -366.4% | ||
| Q2 25 | -2936.7% | -38.2% | ||
| Q1 25 | 21667.1% | 93.9% | ||
| Q4 24 | -52645.4% | -98.5% | ||
| Q3 24 | -11456.0% | -416.1% | ||
| Q2 24 | -6949.9% | -262.1% | ||
| Q1 24 | -24850.9% | -387.7% |
| Q4 25 | 134.0% | 2.3% | ||
| Q3 25 | 45.3% | 1.2% | ||
| Q2 25 | 28.9% | 3.2% | ||
| Q1 25 | 7.5% | 2.9% | ||
| Q4 24 | 6.1% | 1.5% | ||
| Q3 24 | 4.3% | 2.3% | ||
| Q2 24 | 2.5% | 2.4% | ||
| Q1 24 | 25.4% | 1.2% |
| Q4 25 | -17.68× | 5.34× | ||
| Q3 25 | -3.84× | — | ||
| Q2 25 | -0.96× | -11.61× | ||
| Q1 25 | 13.97× | — | ||
| Q4 24 | -20.56× | -60.91× | ||
| Q3 24 | -5.68× | — | ||
| Q2 24 | -11.12× | -431.86× | ||
| Q1 24 | -22.84× | -252.32× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
