Onity Group Inc ONIT

FinancialsBanking ServicesUnited States of America

Last close 27.29 USD on Nov 1, 2026, −39.9% year to date

Quant rating

Quant rating C Rank 459 of 799 in Financials

Growth C 547 of 799
Valuation A 89 of 799
Quality A 101 of 799
Revisions C 470 of 799
Momentum D 759 of 799

Wall Street consensus Buy (1.67)Average target 51.33 USD +88.1%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 230M
Enterprise value: 10.9B
52-week range: 24.99 – 54.10
3-year range: 22.48 – 54.10
Dividend yield: –
Beta (5 years): 1.48
Shares outstanding: 8.4M
Next earnings: Nov 5, 2026

About the company

Onity Group Inc. is a non-bank financial services company delivering mortgage servicing and originations solutions through Onity Mortgage Corporation. The Company offers a range of services and lending programs powered by a technology-enabled, customer-centric platform. Its segments include Servicing and Originations as well as a Corporate segment. The Servicing segment is primarily comprised of its mortgage servicing and subservicing business. Its servicing portfolio includes conventional, government-insured and non-Agency mortgage loans, small-balance commercial and multi-family loans, and reverse mortgage loans. The Originations segment originates and purchases loans through multiple channels, such as consumer direct and correspondent lending. Its consumer direct channel for forward mortgage loans focuses on targeting existing servicing customers by offering them mortgage refinance opportunities, where permitted by the governing servicing and pooling agreement.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	1,067	976	1,067	954	1,050	–
Revenue growth	9.3%	−8.5%	11.8%	−9.2%	9.3%	2.1%
EPS (basic, normalized)	23.08	9.74	−8.45	2.89	1.72	–
EPS growth	137.0%	–	–	68.4%	–	–
Gross margin	94.5%	94.6%	94.6%	93.2%	78.7%	91.1%
Net margin	17.4%	3.4%	−6.0%	2.7%	0.5%	3.6%
ROE	11.8%	7.8%	−14.8%	5.5%	11.3%	4.3%

Balance sheet, last quarter
Cash & short-term investments (mil)	197
Tier 1 risk-adjusted capital ratio	–
Long-term debt (mil)	10,841
Net debt (mil)	10,694
Total equity (mil)	660
Net debt / equity	16.21x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	1,067	+9.3%	10.2x	73.69	+20.6%	0.4x	21.46	+419.6%	1.3x
2026	1,018	−4.6%	10.7x	77.05	+4.5%	0.4x	2.25	−89.5%	12.2x
2027	1,164	+14.4%	9.4x	83.18	+8.0%	0.3x	5.92	+163.8%	4.6x
2028	1,225	+5.2%	8.9x	86.48	+4.0%	0.3x	7.76	+31.0%	3.5x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	1,018	−0.1%	−5.9%	−13.7%	2.25	−1.5%	−54.2%	−77.5%
2027	1,164	−2.9%	+0.7%	−10.2%	5.92	−5.6%	−7.7%	−39.9%
2028	1,225	−1.8%	+0.3%	−9.1%	7.76	−3.6%	−9.1%	−29.5%

Earnings surprises EPS beat in 1 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	239	246	266	225	250	247	280	231	294	283
Sales mean (mil)	270	269	255	251	247	253	248	256	289	266
Surprise	−11.6%	−8.2%	+4.2%	−10.3%	+1.0%	−2.5%	+12.8%	−9.8%	+1.9%	+6.2%
EPS reported	3.74	1.33	2.65	−3.61	2.50	2.40	2.03	14.24	0.74	−1.53
EPS mean	1.19	1.36	1.35	2.17	1.67	1.88	2.27	2.57	2.37	0.96
Surprise	+214.9%	−2.4%	+96.7%	−266.4%	+49.5%	+27.9%	−10.8%	+454.1%	−68.7%	−259.9%

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
ONIT Onity Group Inc	230M	–	17.4%	–	12.2x	4.6x	0.4x	0.3x
JPM JPMorgan Chase & Co.	895.9B	15.2%	28.8%	1.74x	13.6x	13.2x	2.5x	2.3x
BAC Bank of America Corporation	346.2B	14.0%	21.0%	1.72x	11.3x	9.7x	1.3x	1.2x
WFC Wells Fargo & Company	250.4B	11.4%	23.2%	1.47x	11.4x	10.4x	1.5x	1.4x
RKT Rocket Companies Inc	36.2B	–	−1.0%	–	22.0x	17.0x	1.7x	1.6x
FNMA Federal National Mortgage Association	5.6B	–	0.0%	–	2.2x	1.8x	−1.8x	−22.9x
Mean		13.5%	14.9%	1.64x	12.1x	9.4x	0.9x	−2.7x
Median		14.0%	19.2%	1.72x	11.8x	10.0x	1.4x	1.3x

Technical analysis

1M−6.6%
3M−31.9%
1Y−27.4%
3Y+20.6%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Onity Group Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Interest income	1,067	976	1,067	954	1,050	961
Total interest expense	–	–	–	–	–	–
Net interest income	1,067	976	1,067	954	1,050	961
Loan loss provision	–	–	–	–	–	–
Net interest income after loan loss provision	–	–	–	–	–	–
Non-interest income	–	–	–	–	–	–
Non-interest expense	–	–	–	–	–	–
Net income before taxes	62.7	39.3	−58.1	24.9	−4.4	−106
Provision for taxes	−127	5.3	5.6	−0.7	−9.8	−1.6
Minority interest & equity in affiliates	–	–	–	–	–	0
Other	0	0	0	0	0	0
Net income before extraordinary items	190	34.0	−63.7	25.6	5.4	−104
Extraordinary items	–	–	–	0.1	12.6	64.0
Net income	190	34.0	−63.7	25.7	18.1	−40.2
Basic weighted average shares (mil)	8.0	7.8	7.6	8.6	9.0	8.7
Diluted weighted average shares (mil)	8.6	8.1	7.6	9.0	9.4	8.7
Basic EPS excluding extraordinary items	23.08	4.27	−8.34	2.96	0.60	−11.90
Basic EPS, normalized	23.08	9.74	−8.45	2.89	1.72	−11.52

Balance sheet in millions of USD, fiscal years

Balance sheet, Onity Group Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & due from banks	–	–	–	–	–	–
Other earning assets	–	–	–	–	–	–
Net loans	–	–	–	–	–	–
Property, plant & equipment	10.8	11.0	13.1	20.2	13.7	16.9
Goodwill	–	–	–	–	–	–
Intangibles	2,828	2,470	2,278	2,680	2,264	1,295
Long-term investments	0.7	7.4	50.6	44.5	24.5	4.2
Other long-term assets	208	84.0	56.6	68.8	74.0	76.0
Other assets	936	913	861	822	996	1,075
Total assets	16,171	16,435	12,514	12,399	12,147	10,651
Liabilities
Accounts payable	113	128	98.7	104	109	130
Payable/accrued	–	–	–	–	–	–
Accrued expenses	137	118	100	148	178	159
Total deposits	–	–	–	–	–	–
Other bearing liabilities	–	–	–	–	–	–
Short-term borrowings	–	–	–	–	–	–
Current portion of long-term debt	–	–	–	–	–	–
Long-term debt	14,694	15,110	11,420	11,234	10,803	9,312
Minority interest	–	–	–	–	–	–
Other liabilities	549	586	493	456	581	635
Total liabilities	15,493	15,942	12,112	11,942	11,670	10,236
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0.1	0.1	0.1	0.1	0.1	0.1
Additional paid-in capital	556	559	554	547	593	556
Retained earnings (accumulated deficit)	71.9	−118	−152	−87.9	−114	−132
Treasury stock	–	–	–	–	–	–
Other equity	49.8	51.1	−1.2	−2.5	−2.4	−9.1
Total equity	678	493	402	457	477	415
Total liabilities & shareholders' equity	16,171	16,435	12,514	12,399	12,147	10,651

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Onity Group Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	190	33.9	−63.7	25.7	18.1	−40.2
Depreciation, depletion & amortization	5.4	8.3	12.1	14.8	10.3	19.1
Deferred taxes	−121	–	–	4.6	−2.1	−29.3
Non-cash items	143	201	311	143	219	287
Changes in working capital	−965	−817	−249	−15.3	−717	24.6
Cash from operations	−748	−574	10.4	173	−472	261
Investing activities
Capital expenditures	−376	−233	−122	−205	−841	−277
Other investing cash flows	2,224	634	21.9	55.8	−161	−251
Cash from investing	1,848	401	−100	−149	−1,001	−528
Financing activities
Financing cash flow items	−8.0	5.6	64.3	200	−16.7	−7.7
Cash dividends paid	−4.2	−0.5	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−1,088	178	6.5	−213	1,397	140
Cash from financing	−1,100	183	70.8	−13.4	1,380	132
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	−1.0	10.4	−19.1	10.7	−93.8	−135
Free cash flow	−1,124	−807	−112	−31.7	−1,313	−16.3

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.