PFSI PennyMac Financial Services margins

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  2. Financial Services
  3. NYSE: PFSI
  4. Margins
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Relative Growth: Rel. Growth: 39
Relative Strength: Rel. Strength: 21
Relative Valuation: Rel. Valuation: 65
Relative Profitability: Rel. Profitability: 63
Gross margin
93.1%
Operating margin
22.9%
EBITDA margin
26.1%
Net margin
17.7%

Current PennyMac Financial Services reports a gross margin of 93.1%, an operating margin of 22.9%, an EBITDA margin of 26.1%, and a net margin of 17.7%. All measured margins weakened year over year, led by net margin with a decline of 4.3 percentage points.

PFSI margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, PennyMac Financial Services's margins averaged 93.88% gross, 21.46% operating, 25.57% EBITDA, and 18.04% net. Currently, operating and EBITDA margins are above their three-year averages, while gross and net margins are below their three-year averages.

PFSI margin expansion

Year-over-year margin changes in percentage points

All available margins contracted year over year, led by net margin with a decline of 4.3 percentage points.

Gross margin expansion
-0.2pp
Operating margin expansion
-0.1pp
EBITDA margin expansion
-0.9pp
Net margin expansion
-4.3pp

PFSI Gross margin

Looking back over the last 3 years, PennyMac Financial Services recorded an average gross margin of 93.88%. PennyMac Financial Services's current gross margin is 93.1% and is 0.8 percentage points below its three-year average. The highest gross margin for PennyMac Financial Services was 95% in Dec 2023, while the lowest was 93.1% in Jun 2026.

PFSI Operating margin

In the last 3 years, PennyMac Financial Services had an average operating margin of 21.46%. Against its three-year average, PennyMac Financial Services's operating margin is currently 22.9%, 1.4 percentage points above its three-year average. Looking back over the last 3 years, PennyMac Financial Services's operating margin reached 27.6% at its highest point in Sep 2025 and 13.1% at its lowest in Dec 2023.

PFSI EBITDA margin

Looking at the last 3 years, PennyMac Financial Services had an average EBITDA margin of 25.57%. Against its three-year average, PennyMac Financial Services's EBITDA margin is currently 26.1%, 0.5 percentage points above its three-year average. Looking back over the last 3 years, PennyMac Financial Services's EBITDA margin reached 31.1% at its highest point in Sep 2025 and 18.1% at its lowest in Dec 2023.

PFSI Net margin

PennyMac Financial Services's net margin averaged 18.04% during the last 3 years. Compared with its three-year average, PennyMac Financial Services's current net margin is 17.7% and is 0.3 percentage points below its three-year average. Over the last 3 years, PennyMac Financial Services's net margin peaked at 25.2% in Sep 2025 and reached a low of 10.3% in Dec 2023.

PFSI margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 93.1%, PFSI ranks higher than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 83.4%, PennyMac Financial Services's gross margin is 12% higher.

PFSI margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is PennyMac Financial Services's gross margin?

For the period ending Jun 30, 2026, PFSI recorded a gross margin of 93.1%.

What is PennyMac Financial Services's operating margin?

For the period ending Jun 30, 2026, PFSI recorded an operating margin of 22.9%.

What is PennyMac Financial Services's EBITDA margin?

As of Jun 30, 2026, PFSI has an EBITDA margin of 26.1%.

What is PennyMac Financial Services's net margin?

As of Jun 30, 2026, PFSI has a net margin of 17.7%.

What are the average margins of PFSI?

Over the last 3 years, PennyMac Financial Services's margins averaged 93.9% gross, 21.5% operating, 25.6% EBITDA, and 18.0% net.

What are the highest historical margins of PFSI?

Looking back across 5 years, PFSI reached 97.7% gross in Sep 2022, 42.9% operating in Dec 2021, 44.3% EBITDA in Dec 2021, and 31.7% net in Dec 2021.

What are the lowest historical margins of PFSI?

Within the 5-year period, PFSI recorded its lowest margins at 93.1% gross in Jun 2026, 13.1% operating in Dec 2023, 18.1% EBITDA in Dec 2023, and 10.3% net in Dec 2023.