UWM Holdings Corporation
Description
UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.
About
CEO
Mr. Mathew R. Ishbia
Employees
6,700
Instrument type
Common Stock
Sector
Financial Services
Industry
Mortgage Finance
MIC code
XNYS
Address
585 South Boulevard East, Pontiac, MI 48341, United States
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 5, 2025 | — | — | — | — |
| Aug 4, 2025 | — | — | — | — |
| May 7, 2025 | — | — | — | — |
| Feb 26, 2025 | 0.07 | — | — | — |
| Nov 7, 2024 | 0.08 | 0.01 | -0.07 | -87.50% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 8 | — | 9 |
| Average estimate | — | 0.08 | — | 0.46 |
| Low estimate | — | 0.05 | — | 0.33 |
| High estimate | — | 0.10 | — | 0.61 |
| Last year EPS | — | 0.09 | — | 0.21 |
[stock_revenue_estimate]
Growth estimates
Current qtr
134.580%
Next qtr. (Mar 2025)
-14.670%
Current year
643.100%
Next year (Dec 2025)
100.050%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 793.69M | 1.84B | 2.53B | 4.68B | 1.07B |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 785.17M | 806.60M | 893.49M | 671.37M | 486.68M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | -76.29M | 934.67M | 1.58B | 3.38B | 415.06M |
| Tax provision | -6.51M | 2.81M | 9.84M | 2.45M | — |
| Net income | -69.78M | 931.86M | 1.57B | 3.38B | 415.06M |
| Basic EPS | -0.14 | 0.45 | 0.98 | 32.81 | 4.03 |
| Diluted EPS | -0.14 | 0.45 | 0.66 | 32.81 | 4.03 |
| Basic average shares | 93.25M | 92.48M | 100.88M | 103.10M | 103.10M |
| Diluted average shares | 93.25M | 92.48M | 100.88M | 103.10M | 103.10M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | -69.78M | 931.86M | 1.57B | 3.38B | 415.06M |
| Minority interests | 56.55M | -890.14M | -1.47B | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total assets | — | — | — | — |
| Current assets | ||||
| Cash | — | — | — | — |
| Cash equivalents | — | — | — | — |
| Cash and cash equivalents | 497.47M | 704.90M | 731.09M | 1.22B |
| Other short term investments | — | — | — | — |
| Accounts receivable | 512.07M | 383.15M | 415.69M | 253.60M |
| Other receivables | 29.11M | 42.22M | 57.02M | 22.93M |
| Inventory | — | — | — | — |
| Prepaid assets | 177.02M | 162.90M | 54.49M | 55.06M |
| Restricted cash | — | — | — | — |
| Assets held for sale | — | — | — | — |
| Hedging assets | — | — | — | — |
| Other current assets | — | — | — | — |
| Non current assets | ||||
| Properties | 99.13M | 104.18M | 104.83M | 93.10M |
| Land and improvements | — | — | — | — |
| Machinery furniture equipment | 89.66M | 64.07M | 53.25M | 27.97M |
| Construction in progress | 147,000 | 1.32M | 4.50M | 1.25M |
| Leases | 163.50M | 160.95M | 140.29M | 104.07M |
| Accumulated depreciation | -106.89M | -73.87M | -46.35M | -25.72M |
| Goodwill | 4.03B | 4.45B | 3.31B | 1.76B |
| Investment properties | — | — | — | — |
| Financial assets | — | — | — | — |
| Intangible assets | 4.03B | 4.45B | 3.31B | 1.76B |
| Investments and advances | 110.35M | 113.29M | 152.26M | — |
| Other non current assets | — | — | — | — |
| Total liabilities | — | — | — | — |
| Current liabilities | ||||
| Accounts payable | 167.85M | 138.73M | 523.99M | 847.75M |
| Accrued expenses | 94.94M | 79.69M | — | — |
| Short term debt | 750.00M | 750.00M | — | 7.26B |
| Deferred revenue | — | — | — | — |
| Tax payable | — | — | — | — |
| Pensions | — | — | — | — |
| Other current liabilities | — | — | — | — |
| Non current liabilities | ||||
| Long term debt | 2.22B | 2.24B | 2.27B | 943.52M |
| Provision for risks and charges | — | — | — | — |
| Deferred liabilities | 45.83M | 53.40M | — | — |
| Derivative product liabilities | 48.61M | 51.52M | 36.74M | 66.24M |
| Other non current liabilities | — | — | — | — |
| Shareholders equity | ||||
| Common stock | 160,000 | 159,000 | 159,000 | — |
| Retained earnings | 110.69M | 142.50M | 141.81M | 2.35B |
| Other shareholders equity | — | — | — | — |
| Total shareholders equity | 2.47B | 3.17B | 3.17B | 2.37B |
| Additional paid in capital | 1.70M | 903,000 | 437,000 | 24.84M |
| Treasury stock | — | — | — | — |
| Minority interest | 2.36B | 3.03B | 3.03B | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -69.78M | 931.86M | 1.57B | 3.38B | 415.06M |
| Depreciation | 50.06M | 49.40M | 38.03M | 570.71M | 129.14M |
| Deferred Taxes | — | — | — | — | — |
| Stock-Based Compensation | 13.83M | 7.55M | 6.47M | — | — |
| Other Non-Cash Items | -1.37B | -2.44B | -1.76B | -1.86B | -1.11B |
| Accounts Receivable | — | — | — | — | — |
| Accounts Payable | — | — | — | — | — |
| Other Assets & Liabilities | -149.95M | -75.85M | -171.17M | -15.44M | -46.89M |
| Operating Cash Flow | -1.52B | -1.53B | -322.65M | 2.08B | -610.50M |
| Investing Activities | |||||
| Capital Expenditures | -26.43M | -26.62M | -65.38M | -57.29M | -16.78M |
| Net Intangibles | 1.84B | 1.31B | 264.03M | 289.17M | 594.15M |
| Net Acquisitions | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — |
| Sale of Investments | 7.44M | 10.99M | 1.11M | — | — |
| Investing Cash Flow | -13.69M | -20.94M | -64.28M | -57.29M | -16.78M |
| Financing Activities | |||||
| Long-Term Debt Issuance | 1.17B | 1.35B | 1.40B | 1.21B | 828.32M |
| Long-Term Debt Payments | -2.73B | -10.15B | -439.26M | -478.68M | -582.42M |
| Other Financing Charges | -602.14M | -751.04M | -597.12M | -1.69B | -72.79M |
| Financing Cash Flow | -3.74B | -19.10B | 9.26B | 802.26M | 3.01B |
| Other Cash Details | |||||
| End Cash Position | 497.47M | 704.90M | 731.09M | 1.22B | 133.28M |
| Income Tax Paid | — | — | 1.78M | — | — |
| Interest Paid | 341.09M | 241.73M | 287.30M | 161.80M | 157.81M |
| Free Cash Flow | 138.81M | 8.24B | -10.02B | -876,000 | -3.51B |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Fidelity Balanced Fund | Nov 30, 2024 | 4,555,743 | 27.20M | 2.88% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 2,984,801 | 17.82M | 1.89% |
| Fidelity Strategic Advisers Fidelity U.S. Total Stock Fund | Nov 30, 2024 | 2,967,023 | 17.71M | 1.88% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 2,277,049 | 13.59M | 1.44% |
| Advisers Investment Tr-State Farm Growth Fd | Sep 30, 2024 | 1,944,719 | 11.61M | 1.23% |
| First Tr Exchg Tr AlphaDex Fd-FT Financials AlphaDEX | Nov 30, 2024 | 1,845,216 | 11.02M | 1.17% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 1,462,917 | 8.73M | 0.93% |
| Vanguard Small-Cap Growth Index Fund | Sep 30, 2024 | 1,253,731 | 7.48M | 0.79% |
| Fidelity Advisor Stock Selector Mid Cap Fund | Nov 30, 2024 | 1,006,788 | 6.01M | 0.64% |
| Variable Insurance Products Fund III-Balanced Portfolio | Nov 30, 2024 | 601,954 | 3.59M | 0.38% |
Article
UWM Holdings: 6.5% Dividend While Waiting For Refinancing Boom
UWMC dominates the broker channel market, aiming to exceed 50% market share, with substantial growth in purchase originations despite high interest rates. Proprietary tech investments enhance efficiency and scalability, positioning UWMC to capitalize on refinancing volume spikes when interest rates decline. Key risks include prolonged high mortgage rates, increased broker channel competition, and potential dividend or buyback issues.
Jan 26, 2025
Article
Why one of the biggest U.S. mortgage lenders expects housing demand to double in 2025
Home buyers are expected to see more for-sale listings and lower mortgage rates in 2025.
Dec 18, 2024
Article
UWM Holdings Corporation Announces Pricing of Upsized Offering of $800 Million of 6.625% Senior Notes Due 2030
PONTIAC, Mich.--(BUSINESS WIRE)-- #UWMC--UWM Holdings Corporation (NYSE: UWMC) (“UWMC”) announced today that its direct subsidiary, UWM Holdings, LLC (“UWM Holdings”), priced its offering of $800 million aggregate principal amount of 6.625% senior notes due 2030 (the “Notes”). The aggregate principal amount of the offering was increased from the previously announced offering size of $500 million. The Notes will be guaranteed on a senior unsecured basis by UWM Holdings' wholly-owned subsidiary, United W.
Dec 5, 2024
