Better Home & Finance Holding (BETRW) Gross Margin (2022 - 2024)
Better Home & Finance Holding's (BETRW) quarterly Gross Margin came in at 101.29% in Q4 2024, up 190.0% year-on-year from 34.93% in Q1 2024, and up 2.11% quarter-over-quarter from 99.2% in Q3 2024.
Better Home & Finance Holding (BETRW) Gross Margin (2022 - 2024) Analysis & Trends
Better Home & Finance Holding has disclosed Gross Margin across 3 years of filings, most recently posting 101.29% for Q4 2024.
- Gross Margin for Q4 2024 came in at 101.29%, up 190.0% year-over-year; the trailing twelve-month figure through Dec 2024 was 120.73% (up 2136.0% YoY), and the FY2024 annual result was 92.24%, down 721.0% from the prior year.
- Gross Margin came in at 101.29% for Q4 2024 at Better Home & Finance Holding, up from 99.2% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 101.29% in Q4 2024 to a low of 15.83% in Q4 2022.
- The 3-year median for Gross Margin is 99.46% (2023), against an average of 91.08%.
- Across the five-year window, Gross Margin surged 8356 bps in 2023 and tumbled 58 bps in 2024, its largest moves.
- Better Home & Finance Holding's Gross Margin stood at 15.83% in 2022, then jumped by 528 bps to 99.39% in 2023, then advanced by 2 bps to 101.29% in 2024.
- The last three Gross Margin figures came in at 101.29% (Q4 2024), 99.2% (Q3 2024), and 99.53% (Q2 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 37.42 Bn | 34.73 Bn | - | - |
| 2 | PennyMac Financial Services | 4.27 Bn | 3.77 Bn | 523.89 Mn | 96.13% |
| 3 | Walker & Dunlop | 1.77 Bn | 1.59 Bn | - | - |
| 4 | UWM Holdings | 728.84 Mn | 1.55 Bn | - | - |
| 5 | Velocity Financial | 676.73 Mn | 592.27 Mn | - | - |
| 6 | CNFinance Holdings | 606.48 Mn | 557.67 Mn | - | - |
| 7 | Better Home & Finance Holding | 411.40 Mn | 341.12 Mn | - | - |
| 8 | Onity | 314.31 Mn | 314.31 Mn | - | - |
| 9 | loanDepot | 211.55 Mn | -2.94 Mn | - | - |
| 10 | Better Home & Finance Holding | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 101.29% |
| Sep 30, 2024 | 99.20% |
| Jun 30, 2024 | 99.53% |
| Mar 31, 2024 | 97.80% |
| Dec 31, 2023 | 99.39% |
| Sep 30, 2023 | 99.67% |
| Jun 30, 2023 | 99.86% |
| Mar 31, 2023 | 98.38% |
| Dec 31, 2022 | 15.83% |
| Sep 30, 2022 | 99.85% |