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UWM (UWMC) Financials

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$4.09 +0.03 (+0.74%)
Closing price 03:59 PM Eastern
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$4.11 +0.02 (+0.49%)
As of 06:42 PM Eastern
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Annual Income Statements for UWM

Annual Income Statements for UWM

This table shows UWM's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Net Income / (Loss) Attributable to Common Shareholders		 14 -13 42 98 0.00 415
Consolidated Net Income / (Loss)		 329 -70 932 1,568 3,383 415
Net Income / (Loss) Continuing Operations		 329 -70 932 1,568 3,383 415
Total Pre-Tax Income 		336 -76 935 1,578 3,385 415
Total Revenue		 2,164 1,311 2,373 2,666 4,772 1,278
Net Interest Income / (Expense)		 509 346 314 27 -5.88 0.00
Total Interest Income		 509 346 314 332 161 0.00
Loans and Leases Interest Income		 509 346 314 332 161 -
Total Interest Expense		 0.00 0.00 0.00 305 167 0.00
Total Non-Interest Income		 1,655 965 2,058 2,639 4,777 1,278
Other Service Charges		 637 819 792 639 288 257
Net Realized & Unrealized Capital Gains on Investments		 1,313 1,001 982 2,588 4,489 1,021
Other Non-Interest Income		 -295 -854 284 -588 0.00 0.00
Total Non-Interest Expense		 1,828 1,388 1,438 1,087 1,387 863
Salaries and Employee Benefits		 689 530 553 698 552 372
Net Occupancy & Equipment Expense		 -5.55 -0.01 24 -23 0.00 -
Marketing Expense		 97 85 74 62 20 23
Other Operating Expenses		 1,002 727 742 315 224 321
Depreciation Expense		 45 46 45 35 17 9.41
Income Tax Expense		 6.58 -6.51 2.81 9.84 2.45 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 315 -57 890 1,470 0.00 0.00
Basic Earnings per Share		 $0.13 ($0.14) $0.45 $0.98 $0.00 $0.00
Weighted Average Basic Shares Outstanding		 111.37M 93.25M 92.48M 100.88M 0.00 0.00
Diluted Earnings per Share		 $0.13 ($0.14) $0.45 $0.66 $0.00 $0.00
Weighted Average Diluted Shares Outstanding		 111.37M 93.25M 92.48M 1.60B 0.00 0.00
Weighted Average Basic & Diluted Shares Outstanding		 1.60B 1.60B 1.60B 1.59B 103.10M -

Quarterly Income Statements for UWM

This table shows UWM's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 -14 8.92 -6.30 3.05 8.73 -27 18 7.56 -12 -0.28 12
Consolidated Net Income / (Loss)		 -247 41 32 76 181 -461 301 229 -139 -62 326
Net Income / (Loss) Continuing Operations		 -247 41 32 76 181 -461 301 229 -139 -62 326
Total Pre-Tax Income 		-261 42 32 77 184 -468 302 230 -140 -69 330
Total Revenue		 225 768 526 398 471 31 677 505 98 494 611
Net Interest Income / (Expense)		 118 347 145 13 3.20 234 95 6.46 11 298 5.07
Total Interest Income		 118 140 145 121 102 88 95 89 75 107 78
Loans and Leases Interest Income		 118 140 145 121 102 88 95 89 75 107 78
Total Interest Expense		 0.00 -207 0.00 109 99 -146 0.00 82 63 -191 73
Total Non-Interest Income		 107 420 381 386 468 -202 582 499 87 196 606
Other Service Charges		 191 173 135 144 185 206 200 193 219 217 197
Net Realized & Unrealized Capital Gains on Investments		 305 80 692 242 299 201 289 305 205 129 172
Other Non-Interest Income		 -389 - -446 - -16 - 93 - -337 -151 237
Total Non-Interest Expense		 486 725 494 321 287 500 375 275 238 563 281
Salaries and Employee Benefits		 193 193 181 160 154 143 135 131 121 118 135
Net Occupancy & Equipment Expense		 -2.85 -4.63 0.42 -1.11 -0.24 -2.39 -0.08 2.70 -0.24 - 6.73
Marketing Expense		 22 31 22 24 19 26 20 22 17 23 18
Other Operating Expenses		 262 495 278 126 103 322 208 108 88 400 110
Depreciation Expense		 11 11 12 11 11 11 12 11 12 12 11
Income Tax Expense		 -14 1.72 0.34 0.79 3.73 -7.45 0.73 1.21 -1.00 -6.77 4.77
Net Income / (Loss) Attributable to Noncontrolling Interest		 -233 32 38 73 172 -434 283 221 -127 -62 314
Basic Earnings per Share		 ($0.08) $0.07 ($0.06) $0.03 $0.09 ($0.29) $0.20 $0.08 ($0.13) ($0.01) $0.13
Weighted Average Basic Shares Outstanding		 164.10M 111.37M 99.80M 95.39M 94.37M 93.25M 93.29M 93.11M 92.92M 92.48M 92.57M
Diluted Earnings per Share		 ($0.12) $0.07 ($0.06) $0.03 $0.09 ($0.24) $0.15 $0.08 ($0.13) $0.01 $0.13
Weighted Average Diluted Shares Outstanding		 1.60B 111.37M 99.80M 95.39M 1.60B 93.25M 1.60B 93.11M 92.92M 92.48M 92.57M
Weighted Average Basic & Diluted Shares Outstanding		 1.60B 1.60B 1.60B 1.60B 1.60B 1.60B 1.60B 1.60B 1.60B 1.60B 1.59B

Annual Cash Flow Statements for UWM

This table details how cash moves in and out of UWM's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Net Change in Cash & Equivalents		 9.87 -207 -26 -493 1,091 91
Net Cash From Operating Activities		 -6,241 165 8,268 -9,957 56 -3,496
Net Cash From Continuing Operating Activities		 -6,241 165 8,268 -9,957 56 -3,496
Net Income / (Loss) Continuing Operations		 329 -70 932 1,568 3,383 415
Consolidated Net Income / (Loss)		 329 -70 932 1,568 3,383 415
Depreciation Expense		 49 50 49 38 17 9.41
Non-Cash Adjustments to Reconcile Net Income		 -2,574 -1,350 -2,470 -1,948 -1,841 -1,065
Changes in Operating Assets and Liabilities, net		 -4,045 1,535 9,757 -9,616 -2,056 -2,975
Net Cash From Investing Activities		 2,676 1,830 1,290 200 232 577
Net Cash From Continuing Investing Activities		 2,676 1,830 1,290 200 232 577
Purchase of Property, Leasehold Improvements and Equipment		 -39 -26 -27 -65 -57 -17
Sale and/or Maturity of Investments		 2,716 1,856 1,317 265 289 594
Net Cash From Financing Activities		 3,575 -2,203 -9,585 9,264 802 3,010
Net Cash From Continuing Financing Activities		 3,575 -2,203 -9,585 9,264 802 3,010
Issuance of Debt		 2,845 1,166 -8,160 1,400 2,966 3,665
Repayment of Debt		 1,492 -2,729 -637 8,562 -490 -582
Payment of Dividends		 -754 -638 -788 -1,499 -1,970 -73
Other Financing Activities, Net		 -7.87 -1.31 0.00 884 295 0.00
Cash Interest Paid		 477 341 242 287 162 158
Cash Income Taxes Paid		 2.98 -0.06 0.00 1.78 0.00 0.00

Quarterly Cash Flow Statements for UWM

This table details how cash moves in and out of UWM's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 -22 -129 -44 75 108 -232 95 -105 35 -95 -159
Net Cash From Operating Activities		 594 -543 -2,178 -1,317 -2,203 -329 346 -1,844 1,993 -2,545 -548
Net Cash From Continuing Operating Activities		 594 -543 -2,178 -1,317 -2,203 -329 346 -1,844 1,993 -2,545 -548
Net Income / (Loss) Continuing Operations		 -247 41 32 76 181 -461 301 229 -139 -62 326
Consolidated Net Income / (Loss)		 -247 41 32 76 181 -461 301 229 -139 -62 326
Depreciation Expense		 13 12 13 12 12 12 13 12 13 13 12
Non-Cash Adjustments to Reconcile Net Income		 -331 -1,252 -293 -514 -515 180 -711 -633 -186 -320 -924
Changes in Operating Assets and Liabilities, net		 1,159 656 -1,930 -892 -1,881 -61 743 -1,453 2,305 -2,175 38
Net Cash From Investing Activities		 928 95 237 1,056 1,288 178 582 426 644 146 342
Net Cash From Continuing Investing Activities		 928 95 237 1,056 1,288 178 582 426 644 146 342
Purchase of Property, Leasehold Improvements and Equipment		 -18 -8.29 -12 -12 -6.97 -6.82 -6.33 -5.34 -7.95 -5.87 -5.38
Sale and/or Maturity of Investments		 946 103 250 1,068 1,294 184 588 432 652 152 347
Net Cash From Financing Activities		 -1,545 319 1,897 335 1,023 -81 -832 1,312 -2,602 2,304 47
Net Cash From Continuing Financing Activities		 -1,545 319 1,897 335 1,023 -81 -832 1,312 -2,602 2,304 47
Issuance of Debt		 314 2,066 394 -1,588 1,974 1,696 -1,352 2,506 -1,684 3,054 -11,214
Repayment of Debt		 -1,691 -1,579 1,686 2,132 -746 -1,617 679 -1,034 -757 -591 11,420
Payment of Dividends		 -167 -160 -182 -208 -204 -160 -160 -160 -159 -159 -160
Other Financing Activities, Net		 -0.34 -6.97 - - -0.90 -0.01 - - -1.31 - -
Cash Interest Paid		 85 177 100 131 69 108 119 51 63 120 41
Cash Income Taxes Paid		 0.06 0.02 2.10 0.50 0.36 0.07 - - -0.12 - -

Annual Balance Sheets for UWM

This table presents UWM's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Total Assets		 15,671 11,872 13,601 22,528 11,493 0.41
Cash and Due from Banks		 507 497 705 731 1,224 0.00
Trading Account Securities		 9,720 5,593 7,331 17,130 7,978 -
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 146 146 152 152 108 -
Other Assets		 5,298 5,635 5,412 4,516 2,184 0.00
Total Liabilities & Shareholders' Equity		 15,671 11,872 13,601 22,528 11,493 0.41
Total Liabilities		 13,617 9,397 10,429 19,357 9,119 0.43
Short-Term Debt		 500 750 750 0.00 320 0.15
Long-Term Debt		 12,215 7,841 8,875 18,617 7,757 -
Other Long-Term Liabilities		 902 806 804 740 1,042 0.00
Total Equity & Noncontrolling Interests		 2,054 2,475 3,172 3,171 2,374 -0.01
Total Preferred & Common Equity		 162 113 144 142 2,374 -0.01
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 162 113 144 142 2,374 -0.01
Common Stock		 3.68 1.86 1.06 0.60 25 0.03
Retained Earnings		 158 111 143 142 2,349 -0.04
Noncontrolling Interest		 1,892 2,362 3,028 3,029 0.00 -

Quarterly Balance Sheets for UWM

This table presents UWM's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 14,048 15,120 12,922 12,797 12,204 12,426 10,948 11,890
Cash and Due from Banks		 485 636 680 606 730 635 740 800
Trading Account Securities		 8,549 10,318 8,397 7,481 5,757 6,443 4,976 5,842
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 154 148 147 145 147 150 152 152
Other Assets		 4,860 4,018 3,698 4,566 5,571 5,199 5,080 5,097
Total Liabilities & Shareholders' Equity		 14,048 15,120 12,922 12,797 12,204 12,426 10,948 11,890
Total Liabilities		 12,413 12,939 10,593 10,340 9,112 9,479 8,073 8,498
Short-Term Debt		 250 300 0.00 200 500 500 500 -
Long-Term Debt		 11,199 11,684 9,791 9,343 7,769 8,229 6,787 6,811
Other Long-Term Liabilities		 964 955 802 798 843 750 786 1,687
Total Equity & Noncontrolling Interests		 1,635 2,181 2,329 2,457 3,092 2,947 2,875 3,392
Total Preferred & Common Equity		 165 119 113 114 132 122 123 142
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 165 119 113 114 132 122 123 142
Common Stock		 4.46 2.80 2.47 2.24 1.64 1.43 1.20 0.94
Retained Earnings		 160 117 111 112 130 120 122 141
Noncontrolling Interest		 1,470 2,061 2,216 2,343 2,960 2,825 2,751 3,250

Annual Metrics And Ratios for UWM

This table displays calculated financial ratios and metrics derived from UWM's official financial filings.

Metric 2024 2023 2022 2021 2020 2019
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Growth Metrics		 - - - - - -
Revenue Growth		 65.00% -44.73% -10.99% -44.13% 273.24% 0.00%
EBITDA Growth		 1,566.60% -102.67% -39.11% -59.14% 626.88% 0.00%
EBIT Growth		 540.35% -108.16% -40.78% -53.37% 715.54% 0.00%
NOPAT Growth		 716.75% -105.73% -40.59% -53.63% 714.95% 0.00%
Net Income Growth		 572.01% -107.49% -40.59% -53.63% 714.95% 0.00%
EPS Growth		 192.86% -131.11% -31.82% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 -3,877.14% -98.00% 183.04% -17,750.43% 101.61% 0.00%
Free Cash Flow Firm Growth		 -301.11% -83.09% 201.59% -38.18% 0.00% 0.00%
Invested Capital Growth		 33.47% -13.53% -41.27% 108.46% 7,685,180.67% 0.00%
Revenue Q/Q Growth		 95.45% -10.65% -0.97% -30.64% 0.00% 0.00%
EBITDA Q/Q Growth		 406.00% -107.02% -23.33% -41.33% 0.00% 0.00%
EBIT Q/Q Growth		 292.21% -123.63% -24.37% -41.96% 0.00% 0.00%
NOPAT Q/Q Growth		 369.21% -116.25% -24.50% -41.92% 0.00% 0.00%
Net Income Q/Q Growth		 291.28% -121.23% -24.50% -41.92% 0.00% 0.00%
EPS Q/Q Growth		 172.22% -227.27% -16.67% 17.86% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 -3.55% 108.06% 79.36% -95.71% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 -15.31% 302.21% 65.38% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 4.27% -2.60% 25.43% 45.56% 0.00% 0.00%
Profitability Metrics		 - - - - - -
EBITDA Margin		 17.78% -2.00% 41.48% 60.63% 82.90% 42.57%
EBIT Margin		 15.53% -5.82% 39.39% 59.21% 70.94% 32.47%
Profit (Net Income) Margin		 15.22% -5.32% 39.28% 58.84% 70.89% 32.47%
Tax Burden Percent		 98.04% 91.47% 99.70% 99.38% 99.93% 100.00%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 1.96% 0.00% 0.30% 0.62% 0.07% 0.00%
Return on Invested Capital (ROIC)		 2.55% -0.45% 5.39% 9.73% 64.72% 305,193.46%
ROIC Less NNEP Spread (ROIC-NNEP)		 2.55% -0.63% 5.39% 9.73% 64.72% 305,193.46%
Return on Net Nonoperating Assets (RNNOA)		 12.00% -2.02% 23.99% 46.84% 220.21% -3,269,462.85%
Return on Equity (ROE)		 14.55% -2.47% 29.38% 56.57% 284.93% -2,964,269.39%
Cash Return on Invested Capital (CROIC)		 -26.12% 14.06% 57.38% -60.60% -135.27% 0.00%
Operating Return on Assets (OROA)		 2.44% -0.60% 5.17% 9.28% 58.90% 100,621.34%
Return on Assets (ROA)		 2.39% -0.55% 5.16% 9.22% 58.86% 100,621.34%
Return on Common Equity (ROCE)		 0.88% -0.11% 1.32% 25.67% 284.93% -2,964,269.39%
Return on Equity Simple (ROE_SIMPLE)		 203.92% -62.00% 649.10% 1,101.40% 142.46% 0.00%
Net Operating Profit after Tax (NOPAT)		 329 -53 932 1,568 3,383 415
NOPAT Margin		 15.22% -4.07% 39.28% 58.84% 70.89% 32.47%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.18% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 36.07% 46.88% 27.43% 27.65% 12.00% 30.94%
Operating Expenses to Revenue		 84.47% 105.82% 60.61% 40.79% 29.06% 67.53%
Earnings before Interest and Taxes (EBIT)		 336 -76 935 1,578 3,385 415
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 385 -26 984 1,616 3,956 544
Valuation Ratios		 - - - - - -
Price to Book Value (P/BV)		 58.08 95.70 32.30 54.35 0.24 0.00
Price to Tangible Book Value (P/TBV)		 58.08 95.70 32.30 54.35 0.24 0.00
Price to Revenue (P/Rev)		 4.34 8.21 1.95 2.90 0.12 0.31
Price to Earnings (P/E)		 651.33 0.00 111.17 78.62 0.00 0.96
Dividend Yield		 6.81% 5.93% 13.75% 8.28% 0.00% 0.00%
Earnings Yield		 0.15% 0.00% 0.90% 1.27% 0.00% 103.76%
Enterprise Value to Invested Capital (EV/IC)		 1.59 1.92 1.30 1.32 0.71 2,942.31
Enterprise Value to Revenue (EV/Rev)		 10.85 16.19 6.99 10.75 1.56 0.31
Enterprise Value to EBITDA (EV/EBITDA)		 61.03 0.00 16.85 17.73 1.88 0.74
Enterprise Value to EBIT (EV/EBIT)		 69.90 0.00 17.75 18.16 2.20 0.96
Enterprise Value to NOPAT (EV/NOPAT)		 71.29 0.00 17.80 18.27 2.20 0.96
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 128.46 2.01 0.00 131.79 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 12.65 1.67 0.00 0.00 0.00
Leverage & Solvency		 - - - - - -
Debt to Equity		 6.19 3.47 3.03 5.87 3.40 -10.71
Long-Term Debt to Equity		 5.95 3.17 2.80 5.87 3.27 0.00
Financial Leverage		 4.70 3.23 4.45 4.81 3.40 -10.71
Leverage Ratio		 6.08 4.51 5.70 6.14 4.84 -29.46
Compound Leverage Factor		 6.08 4.51 5.70 6.14 4.84 -29.46
Debt to Total Capital		 86.09% 77.64% 75.22% 85.45% 77.28% 110.30%
Short-Term Debt to Total Capital		 3.39% 6.78% 5.86% 0.00% 3.06% 110.30%
Long-Term Debt to Total Capital		 82.71% 70.86% 69.35% 85.45% 74.22% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 12.81% 21.35% 23.66% 13.90% 0.00% 0.00%
Common Equity to Total Capital		 1.09% 1.02% 1.12% 0.65% 22.72% -10.30%
Debt to EBITDA		 33.05 -327.49 9.78 11.52 2.04 0.00
Net Debt to EBITDA		 31.73 -308.53 9.06 11.07 1.73 0.00
Long-Term Debt to EBITDA		 31.75 -298.90 9.02 11.52 1.96 0.00
Debt to NOPAT		 38.60 -160.87 10.33 11.87 2.39 0.00
Net Debt to NOPAT		 37.06 -151.55 9.57 11.40 2.03 0.00
Long-Term Debt to NOPAT		 37.09 -146.82 9.52 11.87 2.29 0.00
Noncontrolling Interest Sharing Ratio		 93.95% 95.46% 95.49% 54.62% 0.00% 0.00%
Liquidity Ratios		 - - - - - -
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 -3,374 1,678 9,923 -9,768 -7,069 0.00
Operating Cash Flow to CapEx		 -15,819.28% 625.12% 31,065.87% -15,228.44% 98.47% -20,840.61%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 -32.06 -42.32 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 -32.68 0.34 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 -32.90 -0.01 0.00
Efficiency Ratios		 - - - - - -
Asset Turnover		 0.16 0.10 0.13 0.16 0.83 3,099.25
Fixed Asset Turnover		 14.79 8.77 15.60 20.56 0.00 0.00
Capital & Investment Metrics		 - - - - - -
Invested Capital		 14,769 11,066 12,797 21,788 10,452 0.14
Invested Capital Turnover		 0.17 0.11 0.14 0.17 0.91 9,400.29
Increase / (Decrease) in Invested Capital		 3,703 -1,731 -8,991 11,336 10,452 0.00
Enterprise Value (EV)		 23,482 21,227 16,586 28,655 7,435 400
Market Capitalization		 9,382 10,771 4,638 7,740 581 400
Book Value per Share		 $0.10 $0.07 $0.09 $0.09 $44.69 $0.00
Tangible Book Value per Share		 $0.10 $0.07 $0.09 $0.09 $44.69 $0.00
Total Capital		 14,769 11,066 12,797 21,788 10,452 0.14
Total Debt		 12,715 8,591 9,625 18,617 8,078 0.15
Total Long-Term Debt		 12,215 7,841 8,875 18,617 7,757 0.00
Net Debt		 12,208 8,094 8,920 17,886 6,854 0.15
Capital Expenditures (CapEx)		 39 26 27 65 57 17
Net Nonoperating Expense (NNE)		 0.00 16 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 12,715 8,591 9,625 18,617 8,078 0.15
Total Depreciation and Amortization (D&A)		 49 50 49 38 571 129
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.13 ($0.14) $0.45 $0.98 ($0.12) $0.00
Adjusted Weighted Average Basic Shares Outstanding		 111.37M 93.25M 92.48M 100.88M 103.10M 0.00
Adjusted Diluted Earnings per Share		 $0.13 ($0.14) $0.45 $0.66 ($0.12) $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 111.37M 93.25M 92.48M 1.60B 103.10M 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 ($0.12) $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 1.60B 1.60B 1.60B 1.59B 103.10M 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 329 -53 932 1,568 3,955 387
Normalized NOPAT Margin		 15.22% -4.07% 39.28% 58.84% 82.89% 30.27%
Pre Tax Income Margin		 15.53% -5.82% 39.39% 59.21% 70.94% 32.47%
Debt Service Ratios		 - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 5.18 20.26 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 5.15 20.25 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 4.97 19.92 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 4.93 19.91 0.00
Payout Ratios		 - - - - - -
Dividend Payout Ratio		 228.85% -914.38% 84.56% 95.60% 58.23% 17.54%
Augmented Payout Ratio		 228.85% -914.38% 84.56% 100.81% 58.23% 17.54%

Quarterly Metrics And Ratios for UWM

This table displays calculated financial ratios and metrics derived from UWM's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -60.56% 2,364.92% -22.25% -21.11% 380.96% -93.69% 10.81% -0.31% -87.13% -4.49% 1.82%
EBITDA Growth		 -226.25% 111.95% -85.72% -63.36% 254.84% -709.76% -8.25% 6.06% -127.06% -123.16% -0.07%
EBIT Growth		 -241.54% 109.04% -89.30% -66.49% 231.98% -576.32% -8.67% 6.38% -130.53% -129.87% -0.89%
NOPAT Growth		 -201.13% 112.39% -89.39% -66.66% 284.72% -576.32% -7.56% 6.20% -121.56% -120.21% -1.29%
Net Income Growth		 -236.83% 108.81% -89.39% -66.66% 230.24% -637.72% -7.56% 6.20% -130.58% -126.05% -1.29%
EPS Growth		 -233.33% 129.17% -140.00% -62.50% 169.23% -2,500.00% 15.38% -11.11% -159.09% -90.00% -18.75%
Operating Cash Flow Growth		 126.96% -64.99% -729.75% 28.58% -210.53% 87.06% 163.13% -371.62% -83.04% 58.98% -192.53%
Free Cash Flow Firm Growth		 23.54% -361.02% -223.28% 77.42% -80.83% -84.31% -116.84% -127.95% -1,162.41% 180.59% 135.78%
Invested Capital Growth		 9.04% 33.47% 24.68% 3.80% 18.09% -13.53% 11.35% 18.88% 8.76% -41.27% -31.84%
Revenue Q/Q Growth		 -70.71% 45.80% 32.12% -15.46% 341.20% -95.40% 34.06% 415.44% -47.74% -19.24% 20.60%
EBITDA Q/Q Growth		 -555.44% 21.34% -49.39% -54.86% 143.11% -244.97% 29.87% 290.75% -125.48% -116.43% 50.13%
EBIT Q/Q Growth		 -716.12% 31.10% -58.11% -58.17% 139.34% -255.24% 31.18% 264.74% -101.59% -120.96% 52.80%
NOPAT Q/Q Growth		 -549.54% 27.13% -58.12% -57.74% 155.06% -208.93% 31.56% 334.11% -101.59% -114.89% 51.13%
Net Income Q/Q Growth		 -708.25% 27.13% -58.12% -57.74% 139.16% -253.15% 31.56% 265.06% -121.84% -119.19% 51.13%
EPS Q/Q Growth		 -271.43% 216.67% -300.00% -66.67% 137.50% -260.00% 87.50% 161.54% -1,400.00% -92.31% 44.44%
Operating Cash Flow Q/Q Growth		 209.32% 75.06% -65.38% 40.20% -568.98% -195.19% 118.76% -192.54% 178.32% -364.45% -40.10%
Free Cash Flow Firm Q/Q Growth		 65.40% -32.15% -655.15% 77.85% -218.11% 263.67% 47.25% -77.32% -110.25% 75.64% -12.45%
Invested Capital Q/Q Growth		 -11.41% 4.27% 16.88% 1.00% 8.44% -2.60% -2.70% 14.90% -20.59% 25.43% 3.87%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 -110.41% 7.10% 8.53% 22.27% 41.71% -1,464.35% 46.45% 47.95% -129.57% -11.41% 56.10%
EBIT Margin		 -116.03% 5.52% 6.13% 19.34% 39.10% -1,504.30% 44.56% 45.54% -142.48% -14.03% 54.07%
Profit (Net Income) Margin		 -109.90% 5.29% 6.07% 19.15% 38.31% -1,480.36% 44.45% 45.30% -141.46% -12.66% 53.29%
Tax Burden Percent		 94.71% 95.94% 98.93% 98.98% 97.97% 98.41% 99.76% 99.47% 99.28% 90.22% 98.56%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 4.06% 1.07% 1.02% 2.03% 0.00% 0.24% 0.53% 0.00% 0.00% 1.44%
Return on Invested Capital (ROIC)		 -11.78% 0.89% 0.53% 2.02% 4.72% -115.73% 6.05% 5.91% -14.35% -1.35% 10.14%
ROIC Less NNEP Spread (ROIC-NNEP)		 -12.39% 0.89% 0.53% 2.02% 4.72% -117.19% 6.05% 5.91% -14.96% -1.45% 10.14%
Return on Net Nonoperating Assets (RNNOA)		 -63.56% 4.17% 2.02% 7.10% 14.89% -378.09% 14.07% 14.67% -33.34% -6.44% 29.84%
Return on Equity (ROE)		 -75.33% 5.06% 2.55% 9.13% 19.61% -493.82% 20.12% 20.58% -47.69% -7.79% 39.98%
Cash Return on Invested Capital (CROIC)		 -9.26% -26.12% -22.93% -2.91% -14.34% 14.06% -7.70% -13.96% -4.91% 57.38% 47.67%
Operating Return on Assets (OROA)		 -15.72% 0.87% 0.50% 1.92% 4.49% -154.88% 5.43% 5.45% -18.23% -1.84% 9.13%
Return on Assets (ROA)		 -14.89% 0.83% 0.49% 1.90% 4.40% -152.42% 5.42% 5.42% -18.10% -1.66% 9.00%
Return on Common Equity (ROCE)		 -5.14% 0.31% 0.12% 0.41% 0.87% -22.40% 0.85% 0.87% -2.08% -0.35% 1.71%
Return on Equity Simple (ROE_SIMPLE)		 -59.55% 0.00% -144.26% 85.34% 218.31% 0.00% 249.24% 290.06% 275.65% 0.00% 868.29%
Net Operating Profit after Tax (NOPAT)		 -183 41 32 76 181 -328 301 229 -98 -48 326
NOPAT Margin		 -81.22% 5.29% 6.07% 19.15% 38.31% -1,053.01% 44.45% 45.30% -99.74% -9.82% 53.29%
Net Nonoperating Expense Percent (NNEP)		 0.61% 0.00% 0.00% 0.00% 0.00% 1.46% 0.00% 0.00% 0.61% 0.10% 0.00%
SG&A Expenses to Revenue		 94.38% 28.57% 38.82% 46.09% 36.73% 532.22% 22.95% 30.82% 140.80% 28.62% 26.10%
Operating Expenses to Revenue		 216.03% 94.48% 93.87% 80.66% 60.90% 1,604.30% 55.44% 54.46% 242.48% 114.03% 45.93%
Earnings before Interest and Taxes (EBIT)		 -261 42 32 77 184 -468 302 230 -140 -69 330
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -248 54 45 89 197 -456 315 242 -127 -56 343
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 52.93 58.08 114.04 97.56 100.03 95.70 55.58 68.97 58.68 32.30 29.08
Price to Tangible Book Value (P/TBV)		 52.93 58.08 114.04 97.56 100.03 95.70 55.58 68.97 58.68 32.30 29.08
Price to Revenue (P/Rev)		 4.80 4.34 12.30 8.80 8.37 8.21 4.99 5.99 5.16 1.95 1.73
Price to Earnings (P/E)		 0.00 651.33 0.00 3,774.87 1,535.46 0.00 540.15 1,193.91 922.56 111.17 70.14
Dividend Yield		 7.33% 6.81% 4.69% 5.77% 5.59% 5.93% 8.70% 7.60% 8.82% 13.75% 15.43%
Earnings Yield		 0.00% 0.15% 0.00% 0.03% 0.07% 0.00% 0.19% 0.08% 0.11% 0.90% 1.43%
Enterprise Value to Invested Capital (EV/IC)		 1.62 1.59 1.91 1.85 1.89 1.92 1.57 1.65 1.63 1.30 1.31
Enterprise Value to Revenue (EV/Rev)		 11.64 10.85 24.41 17.81 16.64 16.19 12.15 13.78 11.78 6.99 5.59
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 61.03 0.00 155.67 76.37 0.00 47.75 48.09 42.63 16.85 10.44
Enterprise Value to EBIT (EV/EBIT)		 0.00 69.90 0.00 236.62 91.71 0.00 55.23 54.96 48.96 17.75 10.84
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 71.29 0.00 231.25 91.05 0.00 54.25 54.68 48.64 17.80 10.85
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 128.46 0.00 0.00 0.00 2.01 2.91
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 12.65 0.00 0.00 0.00 1.67 2.23
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 7.00 6.19 5.50 4.20 3.88 3.47 2.67 2.96 2.54 3.03 2.01
Long-Term Debt to Equity		 6.85 5.95 5.36 4.20 3.80 3.17 2.51 2.79 2.36 2.80 2.01
Financial Leverage		 5.13 4.70 3.84 3.51 3.16 3.23 2.33 2.48 2.23 4.45 2.94
Leverage Ratio		 6.56 6.08 5.18 4.80 4.45 4.51 3.72 3.80 3.63 5.70 4.44
Compound Leverage Factor		 6.56 6.08 5.18 4.80 4.45 4.51 3.72 3.80 3.63 5.70 4.44
Debt to Total Capital		 87.50% 86.09% 84.61% 80.78% 79.52% 77.64% 72.78% 74.76% 71.71% 75.22% 66.75%
Short-Term Debt to Total Capital		 1.91% 3.39% 2.12% 0.00% 1.67% 6.78% 4.40% 4.28% 4.92% 5.86% 0.00%
Long-Term Debt to Total Capital		 85.59% 82.71% 82.49% 80.78% 77.86% 70.86% 68.38% 70.48% 66.79% 69.35% 66.75%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 11.24% 12.81% 14.55% 18.28% 19.52% 21.35% 26.06% 24.20% 27.07% 23.66% 31.85%
Common Equity to Total Capital		 1.26% 1.09% 0.84% 0.94% 0.95% 1.02% 1.16% 1.04% 1.21% 1.12% 1.39%
Debt to EBITDA		 -190.70 33.05 -95.32 68.05 32.10 -327.49 22.14 21.73 18.79 9.78 5.31
Net Debt to EBITDA		 -182.62 31.73 -90.26 63.32 30.06 -308.53 20.19 20.15 16.88 9.06 4.68
Long-Term Debt to EBITDA		 -186.53 31.75 -92.93 68.05 31.42 -298.90 20.80 20.49 17.50 9.02 5.31
Debt to NOPAT		 -149.89 38.60 -97.95 101.09 38.27 -160.87 25.16 24.71 21.44 10.33 5.52
Net Debt to NOPAT		 -143.54 37.06 -92.75 94.06 35.84 -151.55 22.94 22.91 19.26 9.57 4.87
Long-Term Debt to NOPAT		 -146.61 37.09 -95.50 101.09 37.47 -146.82 23.64 23.29 19.97 9.52 5.52
Noncontrolling Interest Sharing Ratio		 93.18% 93.95% 95.24% 95.54% 95.54% 95.46% 95.77% 95.78% 95.65% 95.49% 95.73%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,267 -3,663 -2,772 -367 -1,657 1,403 -857 -1,625 -917 8,943 5,092
Operating Cash Flow to CapEx		 3,343.27% -6,550.80% -17,760.44% -11,046.45% -31,589.56% -4,830.12% 5,465.37% -34,563.57% 25,061.90% -43,320.40% -10,185.52%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 -3.38 -16.80 0.00 0.00 -19.72 -14.48 0.00 69.62
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 -12.12 -22.32 0.00 0.00 -22.37 31.49 0.00 -7.49
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 -12.23 -22.40 0.00 0.00 -22.44 31.37 0.00 -7.56
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.14 0.16 0.08 0.10 0.11 0.10 0.12 0.12 0.13 0.13 0.17
Fixed Asset Turnover		 12.16 14.79 7.52 8.49 9.17 8.77 9.83 9.24 9.24 15.60 16.08
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 13,084 14,769 14,165 12,120 12,000 11,066 11,361 11,676 10,162 12,797 10,203
Invested Capital Turnover		 0.15 0.17 0.09 0.11 0.12 0.11 0.14 0.13 0.14 0.14 0.19
Increase / (Decrease) in Invested Capital		 1,085 3,703 2,804 443 1,838 -1,731 1,158 1,854 819 -8,991 -4,766
Enterprise Value (EV)		 21,161 23,482 27,021 22,398 22,705 21,227 17,830 19,320 16,535 16,586 13,395
Market Capitalization		 8,727 9,382 13,612 11,072 11,425 10,771 7,330 8,400 7,237 4,638 4,134
Book Value per Share		 $1.00 $0.10 $0.07 $0.07 $1.21 $0.07 $0.08 $0.08 $0.08 $0.09 $0.09
Tangible Book Value per Share		 $1.00 $0.10 $0.07 $0.07 $1.21 $0.07 $0.08 $0.08 $0.08 $0.09 $0.09
Total Capital		 13,084 14,769 14,165 12,120 12,000 11,066 11,361 11,676 10,162 12,797 10,203
Total Debt		 11,449 12,715 11,984 9,791 9,543 8,591 8,269 8,729 7,287 9,625 6,811
Total Long-Term Debt		 11,199 12,215 11,684 9,791 9,343 7,841 7,769 8,229 6,787 8,875 6,811
Net Debt		 10,964 12,208 11,348 9,110 8,937 8,094 7,539 8,094 6,547 8,920 6,011
Capital Expenditures (CapEx)		 18 8.29 12 12 6.97 6.82 6.33 5.34 7.95 5.87 5.38
Net Nonoperating Expense (NNE)		 64 0.00 0.00 0.00 0.00 133 0.00 0.00 41 14 0.00
Net Nonoperating Obligations (NNO)		 11,449 12,715 11,984 9,791 9,543 8,591 8,269 8,729 7,287 9,625 6,811
Total Depreciation and Amortization (D&A)		 13 12 13 12 12 12 13 12 13 13 12
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.08) $0.07 ($0.06) $0.03 $0.09 ($0.29) $0.20 $0.08 ($0.13) ($0.01) $0.13
Adjusted Weighted Average Basic Shares Outstanding		 164.10M 111.37M 99.80M 95.39M 94.37M 93.25M 93.29M 93.11M 92.92M 92.48M 92.57M
Adjusted Diluted Earnings per Share		 ($0.12) $0.07 ($0.06) $0.03 $0.09 ($0.24) $0.15 $0.08 ($0.13) $0.01 $0.13
Adjusted Weighted Average Diluted Shares Outstanding		 1.60B 111.37M 99.80M 95.39M 1.60B 93.25M 1.60B 93.11M 92.92M 92.48M 92.57M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 1.60B 1.60B 1.60B 1.60B 1.60B 1.60B 1.60B 1.60B 1.60B 1.60B 1.59B
Normalized Net Operating Profit after Tax (NOPAT)		 -183 41 32 76 181 -328 301 229 -98 -48 326
Normalized NOPAT Margin		 -81.22% 5.29% 6.07% 19.15% 38.31% -1,053.01% 44.45% 45.30% -99.74% -9.82% 53.29%
Pre Tax Income Margin		 -116.03% 5.52% 6.13% 19.34% 39.10% -1,504.30% 44.56% 45.54% -142.48% -14.03% 54.07%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.71 1.87 0.00 0.00 2.79 -2.21 0.00 4.52
NOPAT to Interest Expense		 0.00 0.00 0.00 0.70 1.83 0.00 0.00 2.78 -1.54 0.00 4.45
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.60 1.80 0.00 0.00 2.73 -2.33 0.00 4.44
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.59 1.76 0.00 0.00 2.71 -1.67 0.00 4.38
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -730.54% 228.85% -437.60% 754.41% 273.59% -914.38% 193.93% 180.54% 187.62% 84.56% 51.79%
Augmented Payout Ratio		 -730.54% 228.85% -437.60% 754.41% 273.59% -914.38% 193.93% 180.54% 187.62% 84.56% 51.79%

Frequently Asked Questions About UWM's Financials

When does UWM's financial year end?

According to the most recent income statement we have on file, UWM's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has UWM's net income changed over the last 5 years?

UWM's net income appears to be on a downward trend, with a most recent value of $329.38 million in 2024, falling from $415.06 million in 2019. The previous period was -$69.78 million in 2023. Find out what analysts predict for UWM in the coming months.

How has UWM revenue changed over the last 5 years?

Over the last 5 years, UWM's total revenue changed from $1.28 billion in 2019 to $2.16 billion in 2024, a change of 69.2%.

How much debt does UWM have?

UWM's total liabilities were at $13.62 billion at the end of 2024, a 44.9% increase from 2023, and a 3,192,724.3% increase since 2019.

How much cash does UWM have?

In the past 5 years, UWM's cash and equivalents has ranged from $1.12 thousand in 2019 to $1.22 billion in 2020, and is currently $507.34 million as of their latest financial filing in 2024.

How has UWM's book value per share changed over the last 5 years?

Over the last 5 years, UWM's book value per share changed from 0.00 in 2019 to 0.10 in 2024, a change of -25,375.0%.


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This page (NYSE:UWMC) was last updated on 5/27/2025 by MarketBeat.com Staff
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