UWM Holdings Corporation (UWMC) Key Metrics
UWMC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.69B
- Enterprise value
- $16.57B
- P/E (TTM)
- — 10-yr median 7.3
- Forward P/E
- 3.1
- PEG ratio
- —
- Price / sales
- 0.6 10-yr median 0.3
- Price / book
- 3.1 10-yr median 3.1
- EV / EBITDA
- 22.1 10-yr median 9.5
- Dividend yield
- 8.18% $0.40 a year
- Beta
- 1.87
UWMC key metrics, 2017–2025
Fiscal year ended December 31, 2025 · U.S. dollarsUWMC valuation Price multiples at each fiscal year-end price.
UWMC returns How much profit the business earns on the capital it uses.
UWMC per-share figures Results divided by the shares outstanding at year-end.
UWMC financial health Debt, liquidity and how easily interest is covered.
UWMC efficiency & capital use Working capital cycle and where the cash goes.
UWMC valuation history
UWMC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
UWMC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
UWMC cash returned to shareholders
UWMC price vs earnings per share
UWMC key metrics
2017–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Valuation | |||||||||
| Market capitalization | $926.0M | $653.8M | $666.7M | $306.1M | $542.3M | $1.35B | — | — | — |
| Enterprise value | $14.86B | $12.99B | $8.90B | $9.38B | $9.16B | $8.34B | — | — | — |
| P/E ratio | 33.8 | 45.4 | — | 7.3 | 5.5 | 0.4 | — | — | — |
| Price / sales | 0.3 | 0.3 | 0.6 | 0.1 | 0.2 | 0.3 | — | — | — |
| Price / book | 4.6 | 4.0 | 5.9 | 2.1 | 0.2 | 0.6 | — | — | — |
| Price / free cash flow | — | — | 4.8 | 0.0 | 0.1 | — | — | — | — |
| Price / operating cash flow | — | — | 4.0 | 0.0 | 0.1 | — | — | — | — |
| EV / sales | 4.7 | 6.8 | 8.0 | 4.4 | 3.2 | 1.7 | — | — | — |
| EV / EBITDA | 17.8 | 33.8 | — | 9.5 | 5.7 | 2.1 | — | — | — |
| EV / free cash flow | — | — | 64.1 | 1.1 | 1.1 | — | — | — | — |
| Earnings yield | 3.0% | 2.2% | −2.0% | 13.6% | 18.2% | 249.9% | — | — | — |
| Free cash flow yield | −293.9% | −960.7% | 20.8% | 2,692.5% | 1,519.6% | −740.3% | — | — | — |
| Dividend yield | 77.4% | 6.1% | 5.6% | 257.4% | 145.3% | 110.8% | — | — | — |
| Shareholder yield (dividends + buybacks) | 77.4% | 6.1% | 5.6% | 277.2% | 160.3% | 116.8% | — | — | — |
| Share price at fiscal year-end | $4.38 | $5.87 | $7.15 | $3.31 | $5.92 | $13.13 | — | — | — |
| Per share | |||||||||
| Revenue per share | $14.95 | $17.11 | $11.95 | $23.21 | $30.93 | $47.04 | $11.95 | $4.87 | $4.42 |
| Earnings per share | $0.13 | $0.13 | −$0.14 | $0.45 | $1.07 | $32.81 | $4.03 | $0.89 | $1.11 |
| Operating cash flow per share | −$12.52 | −$56.04 | $1.77 | $89.41 | $90.25 | −$96.57 | $0.55 | −$8.98 | −$7.32 |
| Free cash flow per share | −$12.87 | −$56.39 | $1.49 | $89.12 | $89.96 | −$97.21 | −$0.01 | −$9.50 | −$7.32 |
| Cash per share | $2.38 | $4.56 | $5.34 | $7.62 | $8.93 | $11.87 | $1.29 | $0.41 | $0.67 |
| Book value per share | $0.94 | $1.45 | $1.21 | $1.55 | $34.62 | $23.03 | $6.41 | $3.09 | $2.26 |
| Tangible book value per share | −$18.33 | −$34.19 | −$41.97 | −$46.60 | −$13.99 | $5.99 | −$0.68 | −$0.48 | $0.25 |
| Dividends per share | $3.39 | $0.36 | $0.40 | $8.52 | $8.60 | $14.54 | $19.10 | $0.05 | $0.87 |
| Capex per share | $0.35 | $0.35 | $0.28 | $0.29 | $0.29 | $0.63 | $0.56 | $0.52 | $0.00 |
| Debt per share | $68.30 | $115.29 | $93.60 | $105.76 | $102.98 | $79.58 | $55.16 | $24.37 | $17.25 |
| Shares outstanding | 211.4M | 111.4M | 93.2M | 92.5M | 91.6M | 103.1M | 103.1M | 103.1M | 103.1M |
| Change in shares outstanding | +89.8% | +19.4% | +0.8% | +0.9% | −11.1% | 0.0% | 0.0% | 0.0% | — |
| Returns & profitability | |||||||||
| Return on equity (ROE) | 15.2% | 10.5% | −10.3% | 2.5% | 3.6% | 222.9% | 84.7% | 33.1% | 49.2% |
| Return on invested capital (ROIC) | 13.4% | 3.2% | −0.7% | 8.9% | 14.8% | 43.4% | 9.2% | 3.6% | 6.6% |
| Return on assets (ROA) | 0.2% | 0.1% | −0.1% | 0.3% | 0.8% | 37.3% | 8.5% | 3.5% | 5.3% |
| Return on tangible assets | 0.2% | 0.1% | −0.2% | 0.5% | 1.1% | 34.7% | 7.0% | 3.4% | 5.8% |
| Free cash flow margin | −86.1% | −329.6% | 12.5% | 383.9% | 290.8% | −206.7% | −0.1% | −195.0% | −165.7% |
| Income quality (OCF / net income) | −96.70 | −433.32 | — | 198.21 | 83.99 | −2.94 | 0.14 | −10.14 | −6.58 |
| Financial health | |||||||||
| Total debt | $14.44B | $12.84B | $8.73B | $9.78B | $9.43B | $8.21B | $5.69B | $2.51B | $1.78B |
| Cash & short-term investments | $503.4M | $507.3M | $497.5M | $704.9M | $818.2M | $1.22B | $133.3M | $42.1M | $68.7M |
| Net debt | $13.94B | $12.33B | $8.23B | $9.08B | $8.62B | $6.98B | $5.55B | $2.47B | $1.71B |
| Debt / equity | 72.37 | 79.50 | 77.54 | 68.12 | 2.97 | 3.46 | 8.60 | 7.88 | 7.63 |
| Debt / assets | 0.85 | 0.82 | 0.74 | 0.72 | 0.69 | 0.71 | 0.85 | 0.82 | 0.82 |
| Net debt / EBITDA | 16.65 | 32.06 | — | 9.22 | 5.33 | 1.76 | 10.21 | 18.10 | 10.13 |
| Current ratio | 0.67 | 0.09 | 0.18 | 0.16 | 2.73 | 0.19 | 12.88 | 1.12 | 12.21 |
| Quick ratio | 0.67 | 0.09 | 0.18 | 0.16 | 2.79 | 0.20 | 12.88 | 1.12 | 12.21 |
| Interest coverage | 3.5 | 0.7 | -0.2 | 3.1 | 5.2 | 20.3 | 2.5 | — | — |
| Working capital | −$1.05B | −$9.22B | −$5.58B | −$6.51B | $761.6M | −$6.58B | $5.32B | $291.8M | $1.80B |
| Invested capital | $14.14B | $12.49B | $8.34B | $9.22B | $11.79B | $9.36B | $6.22B | $2.79B | $1.94B |
| Tangible asset value | −$2.48B | −$1.92B | −$1.55B | −$1.28B | −$1.28B | $617.4M | −$70.0M | −$49.1M | $25.6M |
| Net current asset value | −$13.17B | −$12.69B | −$8.21B | −$9.18B | −$9.23B | −$7.59B | −$225.0M | −$108.1M | $17.7M |
| Graham number | $1.66 | $2.05 | — | $3.97 | $28.93 | $130.38 | $24.10 | $7.85 | $7.52 |
| Graham net-net per share | −$64.27 | −$114.90 | −$91.48 | −$102.09 | −$101.56 | −$75.02 | −$56.66 | −$7.70 | −$4.53 |
| Capital allocation | |||||||||
| Dividends paid | $716.6M | $39.7M | $37.2M | $788.0M | $788.0M | $1.50B | $1.97B | $5.4M | $89.4M |
| Share buybacks (net) | — | — | $0 | $60.6M | $81.6M | $81.6M | $25,000 | — | — |
| Dividend payout ratio | — | 275.9% | — | — | 800.4% | 44.3% | 474.5% | 5.9% | 78.0% |
| Dividends + buybacks / free cash flow | — | — | 26.8% | 10.3% | 10.6% | — | — | — | — |
| Capex / revenue | 2.3% | 2.1% | 2.4% | 1.2% | 0.9% | 1.3% | 4.6% | 10.6% | 0.0% |
| Capex / operating cash flow | — | — | 16.0% | 0.3% | 0.3% | — | 101.6% | — | — |
| Capex / depreciation | 1.33 | 0.81 | 0.53 | 0.54 | 0.54 | 1.86 | 0.10 | 1.05 | 0.00 |
| Stock-based compensation / revenue | 1.6% | 1.3% | 1.2% | 0.4% | 0.3% | 0.1% | 1,207.2% | — | — |
| R&D / revenue | — | — | — | 0.0% | 0.0% | — | — | — | — |
| SG&A / revenue | 11.7% | 52.2% | 70.5% | 37.6% | 31.5% | 13.8% | 39.5% | 7.8% | 10.4% |
| Efficiency | |||||||||
| Days sales outstanding | 120.0 | 89.1 | 146.7 | 68.7 | 43.7 | 10.4 | 383.5 | 1,612.8 | 1,499.4 |
| Days of inventory on hand | — | — | -19.1 | -17.8 | -44.4 | -54.0 | 0.0 | — | — |
| Days payables outstanding | 165.3 | 117.0 | 155.8 | 313.8 | 671.4 | 984.2 | 434.2 | — | — |
| Cash conversion cycle (days) | -45.3 | -27.9 | -28.2 | -262.9 | -672.1 | -1,027.9 | -50.8 | — | — |
| Receivables turnover | 3.04 | 4.10 | 2.49 | 5.31 | 8.35 | 35.09 | 0.95 | 0.23 | 0.24 |
| Payables turnover | 2.21 | 3.12 | 2.34 | 1.16 | 0.54 | 0.37 | 0.84 | 0.00 | 0.00 |
| Inventory turnover | — | — | — | — | — | — | 183,284,000.00 | — | — |
| Asset turnover | 0.19 | 0.14 | 0.09 | 0.16 | 0.23 | 0.53 | 0.25 | 0.19 | 0.21 |
| Average receivables | $1.04B | $465.0M | $447.6M | $404.3M | $339.5M | $138.2M | $1.29B | $2.22B | $1.87B |
| Average payables | $205.9M | $171.2M | $153.2M | $289.2M | $643.7M | $548.9M | $218.0M | $152.4M | $118.6M |
| Average inventory | — | — | −$18.7M | −$16.4M | −$42.6M | −$30.1M | $1 | — | — |
| Intangibles / total assets | 24.1% | 25.3% | 33.9% | 32.7% | 32.7% | 15.3% | 11.0% | 12.0% | 9.6% |
Computed from UWMC's annual financial statements (latest annual report filed February 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
UWMC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), UWM traded at 33.8 times earnings, against a 9-year median of 7.3. UWM earned a return on equity of 15.2% and a return on invested capital of 13.4% in fiscal 2025. It ended the year with $14.4 billion of debt and $503.4 million in cash and short-term investments, net debt of $13.9 billion. It returned $716.6 million to shareholders: $716.6 million in dividends and $0 in share buybacks. The share count rose 105.0% from 103.1M to 211.4M over 8 years.
See the UWMC income statement, the UWMC chart for price history, or the UWMC stock overview for the latest quote and news.
UWMC key metrics FAQ
What is UWM's P/E ratio?
UWM traded at 33.8 times earnings at the end of fiscal 2025.
What is UWM's EV/EBITDA?
UWM's enterprise value was 17.8 times EBITDA at the end of fiscal 2025 (enterprise value $14.9 billion, EBITDA $837.2 million); the current EV/EBITDA is 22.1.
What is UWM's return on equity?
UWM's return on equity (ROE) was 15.2% in fiscal 2025: net income of $27.4 million on average shareholders' equity of $180.5 million.
What is UWM's ROIC?
UWM's return on invested capital was 13.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does UWM have?
UWM had total debt of $14.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 72.37 and $13.9 billion of net debt (16.65 times EBITDA).
What is UWM's dividend yield?
UWM's forward dividend yield is 8.18%. UWM paid $716.6 million in dividends in fiscal 2025 ($3.39 per share), a payout ratio of —.
What is UWM's free cash flow yield?
UWM generated -$2.7 billion of free cash flow in fiscal 2025, a free cash flow yield of −293.9% on its market value at year-end ($926.0 million).
What is UWM's current ratio?
UWM's current ratio was 0.67 at the end of fiscal 2025: current assets were 0.67 times current liabilities.