PennyMac Financial Services (PFSI) Operating Leases (2019 - 2023)
PennyMac Financial Services (PFSI) reported 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 5 years of Operating Leases data on file, last reported at $70.2 million in Q3 2023.
- Operating Leases for Q3 2023 came in at $70.2 million, down 24.0% year-over-year; the trailing twelve-month figure through Sep 2023 was $70.2 million (down 24.0% YoY), and the FY2022 annual result was $85.6 million, down 22.23% from the prior year.
- Operating Leases retreated to $70.2 million in Q3 2023 per PFSI's latest filing, from $76.0 million in the prior quarter.
- Over five years, Operating Leases peaked at $110.0 million in Q4 2021 and troughed at $70.2 million in Q3 2023.
- A 5-year average of $89.8 million and a median of $92.0 million in 2020 frame the typical range for Operating Leases.
- The sharpest annual moves came in 2020 and 2023: Operating Leases grew 27.5% in 2020, then fell 26.08% in 2023.
- A 5-year view of Operating Leases shows it stood at $91.3 million in 2019, then advanced by 3.15% to $94.2 million in 2020, then increased by 16.78% to $110.0 million in 2021, then fell by 22.23% to $85.6 million in 2022, then slipped 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 | 34.85 Bn | 32.16 Bn | - |
| 2 | PennyMac Financial Services | 4.14 Bn | 3.65 Bn | 523.89 Mn |
| 3 | Walker & Dunlop | 1.73 Bn | 1.55 Bn | - |
| 4 | UWM Holdings | 743.45 Mn | 1.57 Bn | - |
| 5 | Velocity Financial | 668.42 Mn | 583.96 Mn | - |
| 6 | CNFinance Holdings | 591.78 Mn | 542.97 Mn | - |
| 7 | Better Home & Finance Holding | 419.52 Mn | 349.24 Mn | - |
| 8 | Onity | 306.24 Mn | 306.24 Mn | - |
| 9 | loanDepot | 209.70 Mn | -4.79 Mn | - |
| 10 | Greystone Housing Impact Investors | 120.06 Mn | 120.06 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 |