Better Home & Finance Holding (BETR) Gross Margin (2022 - 2024)
Better Home & Finance Holding (BETR) reported Gross Margin of 99.71% for Q4 2024, up 43116.0% on a YoY basis from N/an in Q1 2024, and up 0.51% sequentially from 99.2% in Q3 2024.
Better Home & Finance Holding (BETR) Gross Margin (2022 - 2024) Analysis & Trends
Better Home & Finance Holding (BETR) has 3 years of Gross Margin data on file, last reported at 99.71% in Q4 2024.
- For the quarter ending Q4 2024, Gross Margin rose 43116.0% year-over-year to 99.71%; the trailing twelve-month figure through Dec 2024 stood at 99.52% (up 25608.0% YoY), and the FY2024 full-year result was 99.08%, up 34958.0% from the prior year.
- Gross Margin climbed to 99.71% in Q4 2024, from 99.2% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 99.77% in Q2 2023 to a low of 14507.6% in Q4 2022.
- A 3-year average of 1404.87% and a median of 99.17% in 2023 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin soared 1417615 bps in 2023 and tumbled 509 bps in 2024, its largest moves.
- Tracing BETR's Gross Margin over 3 years: stood at 14507.6% in 2022, then soared by 98 bps to 331.45% in 2023, then soared by 130 bps to 99.71% in 2024.
- Business Quant data shows BETR's Gross Margin at 99.71% in Q4 2024, 99.2% in Q3 2024, and 94.69% in Q2 2024.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 38.33 Bn | 35.64 Bn | - | - |
| 2 | Federal National Mortgage Association Fannie Mae | 35.67 Bn | 35.67 Bn | - | - |
| 3 | Federal Home Loan Mortgage | 18.11 Bn | 13.64 Bn | - | - |
| 4 | PennyMac Financial Services | 4.41 Bn | 3.76 Bn | 523.89 Mn | 96.13% |
| 5 | CNFinance Holdings | 3.28 Bn | 3.20 Bn | - | - |
| 6 | Walker & Dunlop | 1.64 Bn | 1.44 Bn | - | - |
| 7 | Velocity Financial | 681.36 Mn | -6.51 Bn | - | - |
| 8 | UWM Holdings | 540.43 Mn | 116.43 Mn | - | - |
| 9 | Better Home & Finance Holding | 362.34 Mn | 298.07 Mn | - | - |
| 10 | Onity | 340.51 Mn | 215.81 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 99.71% |
| Sep 30, 2024 | 99.20% |
| Jun 30, 2024 | 94.69% |
| Mar 31, 2024 | 99.72% |
| Dec 31, 2023 | -331.45% |
| Sep 30, 2023 | 99.60% |
| Jun 30, 2023 | 99.77% |
| Mar 31, 2023 | 99.13% |
| Dec 31, 2022 | -14,507.60% |
| Sep 30, 2022 | 98.55% |