PennyMac Finl Svcs Inc (PFSI) - Net Assets
Based on the latest financial reports, PennyMac Finl Svcs Inc (PFSI) has net assets worth $4.31 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($29.39 Billion) and total liabilities ($25.08 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check PennyMac Finl Svcs Inc liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.31 Billion |
| % of Total Assets | 14.66% |
| Annual Growth Rate | 28.85% |
| 5-Year Change | 26.06% |
| 10-Year Change | 207.93% |
| Growth Volatility | 41.57 |
PennyMac Finl Svcs Inc - Net Assets Trend (2011–2025)
This chart illustrates how PennyMac Finl Svcs Inc's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of PennyMac Finl Svcs Inc for the complete picture of this company's asset base.
Annual Net Assets for PennyMac Finl Svcs Inc (2011–2025)
The table below shows the annual net assets of PennyMac Finl Svcs Inc from 2011 to 2025. For live valuation and market cap data, see PFSI market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $4.31 Billion | +12.52% |
| 2024-12-31 | $3.83 Billion | +8.22% |
| 2023-12-31 | $3.54 Billion | +1.95% |
| 2022-12-31 | $3.47 Billion | +1.54% |
| 2021-12-31 | $3.42 Billion | +0.85% |
| 2020-12-31 | $3.39 Billion | +64.41% |
| 2019-12-31 | $2.06 Billion | +24.65% |
| 2018-12-31 | $1.65 Billion | -3.83% |
| 2017-12-31 | $1.72 Billion | +22.89% |
| 2016-12-31 | $1.40 Billion | +31.72% |
| 2015-12-31 | $1.06 Billion | +31.60% |
| 2014-12-31 | $807.27 Million | +28.30% |
| 2013-12-31 | $629.20 Million | +140.38% |
| 2012-12-31 | $261.75 Million | +111.23% |
| 2011-12-31 | $123.92 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PennyMac Finl Svcs Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 9318.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $4.21 Billion | 97.75% |
| Common Stock | $5.00K | 0.00% |
| Other Components | $96.87 Million | 2.25% |
| Total Equity | $4.31 Billion | 100.00% |
PennyMac Finl Svcs Inc Competitors by Market Cap
The table below lists competitors of PennyMac Finl Svcs Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bank BRISyariah Tbk PT
JK:BRIS
|
$4.80 Billion |
|
Murphy Oil Corporation
NYSE:MUR
|
$4.80 Billion |
|
Umicore S.A.
BR:UMI
|
$4.80 Billion |
|
Bayerische Motoren Werke Aktiengesellschaft
XETRA:BMW3
|
$4.80 Billion |
|
Fortune Brands Innovations Inc.
NYSE:FBIN
|
$4.79 Billion |
|
SIG Combibloc Group AG
SW:SIGN
|
$4.79 Billion |
|
Moelis & Co
NYSE:MC
|
$4.79 Billion |
|
SGHC Limited
NYSE:SGHC
|
$4.79 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PennyMac Finl Svcs Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,829,651,000 to 4,308,976,000, a change of 479,325,000 (12.5%).
- Net income of 501,077,000 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $501.08 Million | +11.63% |
| Other Changes | $-21.75 Million | -0.5% |
| Total Change | $- | 12.52% |
Book Value vs Market Value Analysis
This analysis compares PennyMac Finl Svcs Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.15x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 8.26x to 1.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $11.15 | $92.13 | x |
| 2012-12-31 | $23.56 | $92.13 | x |
| 2013-12-31 | $2.21 | $92.13 | x |
| 2014-12-31 | $2.82 | $92.13 | x |
| 2015-12-31 | $3.56 | $92.13 | x |
| 2016-12-31 | $4.53 | $92.13 | x |
| 2017-12-31 | $5.95 | $92.13 | x |
| 2018-12-31 | $46.82 | $92.13 | x |
| 2019-12-31 | $25.66 | $92.13 | x |
| 2020-12-31 | $43.05 | $92.13 | x |
| 2021-12-31 | $50.66 | $92.13 | x |
| 2022-12-31 | $62.04 | $92.13 | x |
| 2023-12-31 | $67.10 | $92.13 | x |
| 2024-12-31 | $71.78 | $92.13 | x |
| 2025-12-31 | $79.97 | $92.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PennyMac Finl Svcs Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.63%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.48%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 6.82x
- Recent ROE (11.63%) is below the historical average (18.71%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 11.86% | 19.17% | 0.26x | 2.33x | $2.31 Million |
| 2012 | 45.20% | 43.35% | 0.33x | 3.18x | $92.15 Million |
| 2013 | 8.60% | 3.55% | 0.26x | 9.47x | $-2.34 Million |
| 2014 | 17.22% | 6.63% | 0.22x | 11.72x | $15.45 Million |
| 2015 | 17.44% | 6.04% | 0.22x | 12.94x | $20.15 Million |
| 2016 | 19.03% | 6.37% | 0.20x | 14.78x | $31.35 Million |
| 2017 | 21.46% | 9.16% | 0.15x | 15.70x | $53.82 Million |
| 2018 | 5.30% | 7.77% | 0.15x | 4.52x | $-77.69 Million |
| 2019 | 19.06% | 23.39% | 0.16x | 4.95x | $186.81 Million |
| 2020 | 48.59% | 41.67% | 0.13x | 9.32x | $1.31 Billion |
| 2021 | 29.36% | 28.20% | 0.19x | 5.49x | $661.66 Million |
| 2022 | 13.70% | 20.48% | 0.14x | 4.85x | $128.40 Million |
| 2023 | 4.09% | 10.32% | 0.07x | 5.33x | $-209.20 Million |
| 2024 | 8.13% | 19.54% | 0.06x | 6.81x | $-71.54 Million |
| 2025 | 11.63% | 11.48% | 0.15x | 6.82x | $70.18 Million |
Industry Comparison
This section compares PennyMac Finl Svcs Inc's net assets metrics with peer companies in the Mortgage Finance industry.
Industry Context
- Industry: Mortgage Finance
- Average net assets among peers: $3,503,216,712
- Average return on equity (ROE) among peers: 11.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PennyMac Finl Svcs Inc (PFSI) | $4.31 Billion | 11.86% | 5.82x | $4.80 Billion |
| Better Home & Finance Holding Company (BETR) | $15.42 Million | 64.09% | 22.39x | $472.18 Million |
| Better Home & Finance Holding Company (BETR) | $51.73 Million | 52.76% | 15.20x | $430.66 Million |
| Eastside Distilling, Inc. (BLNE) | $18.75 Million | -48.25% | 0.41x | $54.53 Million |
| CNFinance Holdings Ltd (CNF) | $3.05 Billion | 28.27% | 5.36x | $19.07 Million |
| Mr. Cooper Group Inc (COOP) | $28.50 Billion | -0.24% | 10.50x | $13.49 Billion |
| Greystone Housing Impact Investors LP (GHI) | $0.00 | 0.00% | 0.00x | $128.29 Million |
| Guild Holdings Co (GHLD) | $1.18 Billion | -3.30% | 2.11x | $1.25 Billion |
| Income Opportunity Realty Investors (IOR) | $73.53 Million | 2.50% | 0.59x | $72.78 Million |
| Loandepot Inc (LDI) | $375.88 Million | 9.16% | 12.18x | $198.44 Million |
| Onity Group Inc. (ONIT) | $1.76 Billion | 10.25% | 2.22x | $334.39 Million |
About PennyMac Finl Svcs Inc
PennyMac Financial Services, Inc., through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. The company operates through two segments, Production and Servicing. The Production segment is involved in the origination, acquisition, and sale of loans. This segment sources residential conventional and government-insured or guaranteed mortgage… Read more