Financial Snapshot

Revenue
$2.123B
TTM
Gross Margin
103.82%
TTM
Net Earnings
-$21.59M
TTM
Current Assets
$1.109B
Q3 2024
Current Liabilities
$929.2M
Q3 2024
Current Ratio
119.3%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$2.181B
Q3 2024
Cash
Q3 2024
P/E
-482.4
Nov 29, 2024 EST
Free Cash Flow
-$6.065B
TTM

Revenues

Revenues

Loading...

Revenue YoY Change

Loading...

Revenues

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $1.311B $2.373B $2.970B $4.939B $1.278B $593.3M $495.3M
YoY Change -44.73% -20.12% -39.86% 286.3% 115.48% 19.79%

Expenses

Cost Of Revenues

Loading...

Gross Profit

Loading...

Gross Profit Margin

Loading...

Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $1.311B $2.373B $2.970B $4.939B $1.278B $593.3M $495.3M
Cost Of Revenue $236.1M $256.4M $181.9M $125.3M $65.40M $43.30M $51.30M
Gross Profit $1.929B $1.832B $3.376B $4.813B $1.213B $550.0M $444.0M
Gross Profit Margin 147.14% 77.22% 113.67% 97.46% 94.89% 92.7% 89.64%

Selling, General & Admin Expense

Loading...

Research & Development

Loading...

Depreciation, Depletion & Amortization

Loading...

SGA Expense to Gross Profit Ratio

Loading...

R&D To Gross Profit Ratio

Loading...

DDA To Gross Profit Ratio

Loading...

Operating Expenses Total

Loading...

Operating Profits/Loss

Loading...

Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017
Selling, General & Admin $785.2M $806.6M $893.5M $671.4M $486.7M $310.2M $264.3M
YoY Change -2.66% -9.72% 33.08% 37.94% 56.9% 17.37%
% of Gross Profit 40.69% 44.03% 26.46% 13.95% 40.12% 56.4% 59.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $50.06M $49.40M $35.08M $570.4M $126.6M $62.90M $51.50M
YoY Change 1.33% 40.84% -93.85% 350.52% 101.27% 22.14%
% of Gross Profit 2.59% 2.7% 1.04% 11.85% 10.44% 11.44% 11.6%
Operating Expenses $1.388B $1.438B $1.392B $1.554B $863.4M $373.0M $288.6M
YoY Change -3.5% 3.3% -10.4% 79.95% 131.46% 29.24%
Operating Profit $541.8M $394.2M $1.984B $3.260B $349.7M $177.0M $155.4M
YoY Change 37.45% -80.13% -39.13% 832.03% 97.59% 13.9%

Interest Expenses

Loading...

Interest Expenses To Operating Income %

Loading...

Other Expense/Income

Loading...

Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017
Interest Expense $320.3M $306.0M $304.7M $167.0M $164.1M -$85.60M -$40.40M
YoY Change 4.66% 0.44% 82.39% 1.77% -291.74% 111.88%
% of Operating Profit 59.11% 77.63% 15.35% 5.12% 46.93% -48.36% -26.0%
Other Income/Expense, Net $5.000K -$23.74M $23.11M $0.00 $0.00
YoY Change -100.02% -202.74%

Income/Loss

Pretax Income

Loading...

Income Tax

Loading...

Net Profits/Loss

Loading...

Pretax Income YoY Change

Loading...

Income Tax Rate

Loading...

Net Profits/Loss YoY Change

Loading...

Basic EPS

Loading...

Net Income To Revenue Ratio

Loading...

Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017
Pretax Income -$76.29M $934.7M $1.578B $3.385B $415.1M $91.40M $115.0M
YoY Change -108.16% -40.78% -53.37% 715.54% 354.11% -20.52%
Income Tax -$6.511M $2.811M $9.841M $2.450M $0.00 $100.0K $400.0K
% Of Pretax Income 0.3% 0.62% 0.07% 0.0% 0.11% 0.35%
Net Earnings -$13.23M $41.72M $98.45M -$5.807M $415.1M $91.30M $114.6M
YoY Change -131.72% -57.63% -1795.19% -101.4% 354.61% -20.33%
Net Earnings / Revenue -1.01% 1.76% 3.31% -0.12% 32.47% 15.39% 23.14%
Basic Earnings Per Share -$0.14 $0.45 $0.98
Diluted Earnings Per Share -$0.14 $0.45 $0.66 $32.81M $4.026M $885.5K $1.112M

Assets & Liabilities

Cash & Short-Term Investments

Loading...

Cash & Equivalents

Loading...

Cash To Operating Expenses Ratio

Loading...

Inventory

Loading...

Receivables

Loading...

Total Short-Term Assets

Loading...

Property, Plant And Equipment

Loading...

Long-Term Investments

Loading...

Total Long-Term Assets

Loading...

Total Assets

Loading...

Net Income To Total Assets Percentage

Loading...

Accounts Payable

Loading...

Short-Term Debt

Loading...

Long Term Debt Due

Loading...

Total Short-Term Liabilities

Loading...

Long-Term Debt

Loading...

Other Long-Term Liabilities

Loading...

Total Long-Term Liabilities

Loading...

Total Liabilities

Loading...

Short-Term To Long-Term Debt Ratio

Loading...

Short-Term Assets To Debt Ratio

Loading...

Long-Term Debt To Net Income Ratio

Loading...

Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017
Cash & Short-Term Investments $497.5M $704.9M $731.1M $1.224B $133.3M $42.10M $68.70M
YoY Change -29.43% -3.58% -40.26% 818.11% 216.63% -38.72%
Cash & Equivalents $497.5M $704.9M $731.1M $1.224B $133.3M $42.10M $68.70M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $46.13M $59.30M $42.71M $14.14M $10.10M $300.0K $6.400M
Other Receivables $288.9M $161.0M $237.9M $179.4M $144.1M $67.20M $28.00M
Total Short-Term Assets $832.5M $925.1M $1.012B $1.417B $287.5M $109.6M $103.1M
YoY Change -10.01% -8.55% -28.62% 393.0% 162.32% 6.3%
Property, Plant & Equipment $274.7M $298.9M $313.5M $223.6M $135.4M $48.60M $800.0K
YoY Change -8.1% -4.68% 40.22% 65.14% 178.6% 5975.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $110.4M $113.3M $152.3M $0.00
YoY Change -2.59% -25.6%
Other Assets
YoY Change
Total Long-Term Assets $11.04B $12.68B $21.52B $10.08B $6.367B $2.971B $2.069B
YoY Change -12.91% -41.09% 113.54% 58.26% 114.33% 43.57%
Total Assets $11.87B $13.60B $22.53B $11.49B $6.654B $3.080B $2.172B
YoY Change
Accounts Payable $469.1M $439.7M $1.085B $847.7M $283.0M $219.1M $149.8M
YoY Change 6.68% -59.49% 28.03% 199.56% 29.16% 46.26%
Accrued Expenses $265.6M $270.8M $121.4M $104.5M $91.80M $0.00
YoY Change -1.92% 123.06% 16.14% 13.87%
Deferred Revenue
YoY Change
Short-Term Debt $93.81M $101.3M $118.8M $0.00 $0.00 $0.00 $0.00
YoY Change -7.43% -14.68%
Long-Term Debt Due $6.000M
YoY Change
Total Short-Term Liabilities $828.5M $811.9M $1.326B $952.3M $380.8M $219.1M $149.8M
YoY Change 2.05% -38.75% 39.2% 150.07% 73.8% 46.26%
Long-Term Debt $8.528B $9.567B $18.00B $8.101B $5.590B $2.513B $1.779B
YoY Change -10.86% -46.83% 122.14% 44.92% 122.43% 41.28%
Other Long-Term Liabilities $40.78M $49.75M $36.74M $66.24M $22.40M $29.00M $10.40M
YoY Change -18.02% 35.4% -44.53% 195.7% -22.76% 178.85%
Total Long-Term Liabilities $8.569B $9.617B $18.03B $8.167B $5.612B $2.542B $1.789B
YoY Change -10.9% -46.67% 120.79% 45.53% 120.77% 42.07%
Total Liabilities $11.76B $13.46B $22.39B $9.119B $5.993B $2.761B $1.939B
YoY Change -12.62% -39.89% 145.48% 52.17% 117.05% 42.39%

Ownership

Basic Shares Outstanding

Loading...

Diluted Shares Outstanding

Loading...

Preferred Stock

Loading...

Treasury Stock Shares

Loading...

Stock Issuance & Repurchase

Loading...

Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017
Basic Shares Outstanding 93.25M shares 92.48M shares 100.9M shares
Diluted Shares Outstanding 93.25M shares 92.48M shares 1.603B shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Loading...

Book Value

Loading...

Free Cash Flow

Loading...

Free Cash Flow YoY

Loading...

Free Cash Flow Margin

Loading...

Dividends

Dividends

Loading...

Stock Price

Loading...
Market Cap: $10.416 Billion

About UWM Holdings Corp

UWM Holdings Corp. is a wholesale mortgage lender, which underwrites and provides closing documentation for residential mortgage loans originated by independent mortgage brokers, correspondents, small banks and local credit unions. The company is headquartered in Pontiac, Michigan and currently employs 6,700 full-time employees. The company went IPO on 2020-01-24. The company originates primarily conforming and government loans across all 50 states and the District of Columbia. The firm is focused on the wholesale channel and has resulted in relationships with over 13,000 independent broker businesses throughout the United States, with over 53,000 associated loan officers, of which approximately 35,000 have submitted a loan to the Company. The company also focuses primarily on originating conventional, agency-eligible loans that can be sold to Fannie Mae, Freddie Mac or transferred to Ginnie Mae pools for sale in the secondary market. Utilizing its proprietary system, Easiest Application System Ever (EASE), it is focused on client service, and loan quality throughout the entire loan origination, underwriting and closing processes.

Industry: Mortgage Bankers & Loan Correspondents Peers: RADIAN GROUP INC Enact Holdings, Inc. MGIC INVESTMENT CORP Mr. Cooper Group Inc. FLAGSTAR FINANCIAL, INC. Rocket Companies, Inc. TFS Financial CORP Walker & Dunlop, Inc. WSFS FINANCIAL CORP