Onity Group (ONIT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Onity Group

NYSE•Financial Services•Mortgage Finance

$34.86-0.60(-0.02%)After hours

Market Cap

$276.14M

P/E

2.0x

P/S

0.2x

P/B

0.5x

Onity Group Inc., a financial services company, originates and services forward and reserve mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. The company operates through the Servicing and Originations segments. The company offers owned mortgage servicing rights and subservicing products; conventional, government-insured, and non-agency mortgage loans, as well as reverse mortgage and multi-family loans; and residential forward mortgage and small commercial mortgage loans. It also originates and purchases conventional and government-insured residential forward and reverse mortgage loans through its correspondent lending arrangements, broker relationships, and retail channels. In addition, the company engages in reinsurance business. The company offers its services under the PHH Mortgage and Liberty Reverse Mortgage brands. It serves financial institutions. The company was formerly known as Ocwen Financial Corporation and changed its name to Onity Group Inc. in June 2024. Onity Group Inc. was founded in 1988 and is headquartered in West Palm Beach, Florida.

How this company scores

AverageMetricSide Score: 53/100

Strongest: Profitability (22/25); weakest: Cash & Earnings Quality (2/25).

Profitability22/25

Growth21/25

Balance Sheet & Red Flags8/25

Cash & Earnings Quality2/25

Strengths

Growing revenueStrong marginsHigh ROERising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 2.0x5y range 1.9x – 117.2x

Currently below its 16-quarter median.

P/S · 0.2x5y range 0.2x – 0.4x

Currently near its 20-quarter median.

P/B · 0.5x5y range 0.4x – 0.8x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 6 of the last 8 quarters — earnings are not translating to cash.

Leverage Risk

Red Flag

D/E ratio is 3.2 — heavily leveraged and vulnerable to rising rates or cash flow dips.

Price & Volume

Market Cap $276.14M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.15B
Q. Revenue: $282.90M
TTM EBITDA: $618.30M
TTM Op. Income: $614.00M
Q. Op. Income: $143.90M
TTM Net Income: $141.60M
Q. Net Income: $-11.90M
EPS: $-1.53
Shares Out.: $8.45M

$1.15B in TTM revenue grew 16.3% YoY, reaching $282.90M last quarter. TTM EBITDA of $618.30M and TTM operating income of $614.00M show growth is flowing through to the bottom line. TTM net income of $141.60M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 51.3%
Op. Margin: 50.9%
Net Margin: -4.2%

Op. margin of 50.9% is down 4.7% YoY — costs are rising relative to revenue. Net margin at -4.2% Over the past year, operating margin is down 9% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 2.0x
P/S Ratio: 0.2x
P/B Ratio: 0.5x

At 2.0x P/E, the stock trades below typical market levels. P/S of 0.2x and P/B of 0.5x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 76% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $12.35B
Cash: $196.60M
Long-Term Debt: $1.93B
Book Value: $609.90M
D/E Ratio: 3.2
Debt/EBITDA: 13.3

With $12.35B in assets and $1.93B in long-term debt, D/E is 3.2and book value is $609.90M — elevated leverage, meaning significant financial risk in a downturn. Across the last 3 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-516.10M
TTM Free Cash Flow: $-2.11B
FCF Margin: -183.9%
FCF / Net Income: -14.9

TTM FCF of $-2.11B on $-516.10M in operating cash flow. The FCF / Net Income ratio of -14.9x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 123% — an improving trend.