PennyMac Financial Services (PFSI) Operating Leases (2019 - 2023)
PennyMac Financial Services (PFSI) posted quarterly Operating Leases of $70.2 million for Q3 2023, down 24.0% year-over-year from $92.4 million in Q3 2022, and down 7.56% quarter-over-quarter from $76.0 million in Q2 2023.
PennyMac Financial Services (PFSI) Operating Leases (2019 - 2023) Analysis & Trends
PennyMac Financial Services (PFSI) has reported Operating Leases for 5 consecutive years, with $70.2 million the latest figure, recorded in Q3 2023.
- In Q3 2023, Operating Leases fell 24.0% year-over-year to $70.2 million; the TTM figure through Sep 2023 stood at $70.2 million (down 24.0% YoY), while the FY2022 annual figure was $85.6 million, down 22.23% from the prior year.
- Operating Leases declined to $70.2 million in Q3 2023 per PFSI's latest filing, from $76.0 million in the prior quarter.
- Across five years, Operating Leases topped out at $110.0 million in Q4 2021 and bottomed at $70.2 million in Q3 2023.
- Historically, Operating Leases has averaged $89.8 million across 5 years, with a median of $92.0 million in 2020.
- Annual changes were most pronounced in 2020 — Operating Leases grew 27.5% — and 2023, when it fell 26.08%.
- PennyMac Financial Services' Operating Leases stood at $91.3 million in 2019, then climbed by 3.15% to $94.2 million in 2020, then rose by 16.78% to $110.0 million in 2021, then retreated by 22.23% to $85.6 million in 2022, then dropped by 17.93% to $70.2 million in 2023.
- Business Quant data shows PFSI's Operating Leases at $70.2 million in Q3 2023, $76.0 million in Q2 2023, and $81.7 million in Q1 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rocket Companies | 39.89 Bn | 36.79 Bn | - |
| 2 | Federal National Mortgage Association Fannie Mae | 36.43 Bn | 36.43 Bn | - |
| 3 | Federal Home Loan Mortgage | 18.24 Bn | 13.92 Bn | - |
| 4 | PennyMac Financial Services | 3.95 Bn | 3.20 Bn | 480.08 Mn |
| 5 | CNFinance Holdings | 1.54 Bn | 1.47 Bn | - |
| 6 | Walker & Dunlop | 1.34 Bn | 1.18 Bn | - |
| 7 | Velocity Financial | 711.47 Mn | -6.74 Bn | - |
| 8 | UWM Holdings | 482.66 Mn | -15.75 Mn | - |
| 9 | Onity | 303.97 Mn | 107.67 Mn | - |
| 10 | loanDepot | 201.58 Mn | -109.56 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2023 | 70.21 Mn |
| Jun 30, 2023 | 75.96 Mn |
| Mar 31, 2023 | 81.72 Mn |
| Dec 31, 2022 | 85.55 Mn |
| Sep 30, 2022 | 92.38 Mn |
| Jun 30, 2022 | 102.76 Mn |
| Mar 31, 2022 | 106.32 Mn |
| Dec 31, 2021 | 110.00 Mn |
| Sep 30, 2021 | 105.45 Mn |
| Jun 30, 2021 | 96.46 Mn |
| Mar 31, 2021 | 96.07 Mn |
| Dec 31, 2020 | 94.19 Mn |
| Sep 30, 2020 | 92.01 Mn |
| Jun 30, 2020 | 93.61 Mn |
| Mar 31, 2020 | 89.83 Mn |
| Dec 31, 2019 | 91.32 Mn |
| Sep 30, 2019 | 72.16 Mn |
| Jun 30, 2019 | 73.46 Mn |
| Mar 31, 2019 | 76.37 Mn |