PennyMac Financial Services (PFSI) Operating Leases (2019 - 2023)
PennyMac Financial Services' (PFSI) quarterly Operating Leases came in at $70.2 million in 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.
Analysis
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.
- On a quarterly basis, Operating Leases fell 24.0% year-over-year to $70.2 million in Q3 2023; TTM through Sep 2023 was $70.2 million, a 24.0% decrease from a year earlier, with the FY2022 full-year figure at $85.6 million, down 22.23% from the prior year.
- Operating Leases was $70.2 million for Q3 2023 at PennyMac Financial Services, down 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.
- Across the five-year window, Operating Leases climbed 27.5% in 2020 and declined 26.08% in 2023, its largest moves.
- Over 5 years, Operating Leases stood at $91.3 million in 2019, then gained by 3.15% to $94.2 million in 2020, then grew by 16.78% to $110.0 million in 2021, then declined by 22.23% to $85.6 million in 2022, then decreased by 17.93% to $70.2 million in 2023.
- The last three Operating Leases figures came in at $70.2 million (Q3 2023), $76.0 million (Q2 2023), and $81.7 million (Q1 2023), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Federal National Mortgage Association Fannie Mae | 83.31 Bn | 83.31 Bn | - |
| 2 | Rocket Companies | 38.09 Bn | 34.99 Bn | - |
| 3 | Figure Technology Solutions | 8.45 Bn | 6.92 Bn | 196.67 Mn |
| 4 | PennyMac Financial Services | 3.68 Bn | 2.93 Bn | 480.08 Mn |
| 5 | Federal Agricultural Mortgage | 2.45 Bn | 1.41 Bn | - |
| 6 | CNFinance Holdings | 1.41 Bn | 1.41 Bn | - |
| 7 | Walker & Dunlop | 1.38 Bn | 1.21 Bn | - |
| 8 | Velocity Financial | 703.72 Mn | -6.75 Bn | - |
| 9 | UWM Holdings | 467.47 Mn | -30.93 Mn | - |
| 10 | Onity | 290.33 Mn | 94.03 Mn | - |
Historic Data
Download Data
Historic 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 |