Onity (ONIT)
Market Price (2/5/2026): $42.88 | Market Cap: $345.4 MilSector: Financials | Industry: Commercial & Residential Mortgage Finance
Onity (ONIT)
Market Price (2/5/2026): $42.88Market Cap: $345.4 MilSector: FinancialsIndustry: Commercial & Residential Mortgage Finance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.8% | Weak multi-year price returns3Y Excs Rtn is -45% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 4119% |
| Low stock price volatilityVol 12M is 43% | Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -65%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -97% | |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and Smart Buildings & Proptech. Themes include Travel & Leisure Tech, IoT for Buildings, Show more. | Key risksONIT key risks include [1] significant financial fragility and potential bankruptcy risk due to its substantial debt load and "distress zone" Altman Z-Score, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.8% |
| Low stock price volatilityVol 12M is 43% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and Smart Buildings & Proptech. Themes include Travel & Leisure Tech, IoT for Buildings, Show more. |
| Weak multi-year price returns3Y Excs Rtn is -45% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 4119% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -65%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -97% |
| Key risksONIT key risks include [1] significant financial fragility and potential bankruptcy risk due to its substantial debt load and "distress zone" Altman Z-Score, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Onity (ONIT) stock has gained about 15% since 10/31/2025 because of the following key factors:
1. Strong Q3 2025 Earnings Beat. Onity Group reported robust third-quarter 2025 financial results on November 6, 2025, with an Earnings Per Share (EPS) of $3.44. This significantly surpassed analysts' consensus estimates of $1.92. Additionally, the company's quarterly revenue of $265 million exceeded the consensus estimate of $257.77 million.
2. Favorable Analyst Ratings and Price Target Increases. Leading up to and during the period, analysts maintained a positive outlook on Onity. As of January 27, 2026, Onity received a consensus "Buy" rating from analysts, with 50% recommending a "Strong Buy" and 50% recommending "Buy". The average twelve-month stock price forecast by analysts stands at $57.50, with price targets updated as recently as November 10, 2025, anticipating a substantial increase in the stock price.
Show more
1. Strong Q3 2025 Earnings Beat. Onity Group reported robust third-quarter 2025 financial results on November 6, 2025, with an Earnings Per Share (EPS) of $3.44. This significantly surpassed analysts' consensus estimates of $1.92. Additionally, the company's quarterly revenue of $265 million exceeded the consensus estimate of $257.77 million.
2. Favorable Analyst Ratings and Price Target Increases. Leading up to and during the period, analysts maintained a positive outlook on Onity. As of January 27, 2026, Onity received a consensus "Buy" rating from analysts, with 50% recommending a "Strong Buy" and 50% recommending "Buy". The average twelve-month stock price forecast by analysts stands at $57.50, with price targets updated as recently as November 10, 2025, anticipating a substantial increase in the stock price.
Show more
Stock Movement Drivers
Fundamental Drivers
The 14.4% change in ONIT stock from 10/31/2025 to 2/4/2026 was primarily driven by a 23.9% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2042026 | Change |
|---|---|---|---|
| Stock Price ($) | 37.47 | 42.85 | 14.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,098 | 1,126 | 2.5% |
| Net Income Margin (%) | 3.4% | 3.0% | -9.6% |
| P/E Multiple | 8.1 | 10.1 | 23.9% |
| Shares Outstanding (Mil) | 8 | 8 | -0.4% |
| Cumulative Contribution | 14.4% |
Market Drivers
10/31/2025 to 2/4/2026| Return | Correlation | |
|---|---|---|
| ONIT | 14.4% | |
| Market (SPY) | 0.6% | 33.3% |
| Sector (XLF) | 3.0% | 20.6% |
Fundamental Drivers
The 13.6% change in ONIT stock from 7/31/2025 to 2/4/2026 was primarily driven by a 27.6% change in the company's Net Income Margin (%).| (LTM values as of) | 7312025 | 2042026 | Change |
|---|---|---|---|
| Stock Price ($) | 37.72 | 42.85 | 13.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,089 | 1,126 | 3.4% |
| Net Income Margin (%) | 2.4% | 3.0% | 27.6% |
| P/E Multiple | 11.5 | 10.1 | -12.0% |
| Shares Outstanding (Mil) | 8 | 8 | -2.3% |
| Cumulative Contribution | 13.6% |
Market Drivers
7/31/2025 to 2/4/2026| Return | Correlation | |
|---|---|---|
| ONIT | 13.6% | |
| Market (SPY) | 8.9% | 33.9% |
| Sector (XLF) | 3.4% | 36.9% |
Fundamental Drivers
The 18.6% change in ONIT stock from 1/31/2025 to 2/4/2026 was primarily driven by a 132.6% change in the company's Net Income Margin (%).| (LTM values as of) | 1312025 | 2042026 | Change |
|---|---|---|---|
| Stock Price ($) | 36.12 | 42.85 | 18.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,111 | 1,126 | 1.4% |
| Net Income Margin (%) | 1.3% | 3.0% | 132.6% |
| P/E Multiple | 19.6 | 10.1 | -48.5% |
| Shares Outstanding (Mil) | 8 | 8 | -2.4% |
| Cumulative Contribution | 18.6% |
Market Drivers
1/31/2025 to 2/4/2026| Return | Correlation | |
|---|---|---|
| ONIT | 18.6% | |
| Market (SPY) | 15.0% | 44.5% |
| Sector (XLF) | 5.9% | 46.8% |
Fundamental Drivers
The 19.0% change in ONIT stock from 1/31/2023 to 2/4/2026 was primarily driven by a 240.9% change in the company's P/E Multiple.| (LTM values as of) | 1312023 | 2042026 | Change |
|---|---|---|---|
| Stock Price ($) | 36.00 | 42.85 | 19.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,038 | 1,126 | 8.5% |
| Net Income Margin (%) | 10.0% | 3.0% | -69.6% |
| P/E Multiple | 3.0 | 10.1 | 240.9% |
| Shares Outstanding (Mil) | 9 | 8 | 5.9% |
| Cumulative Contribution | 19.0% |
Market Drivers
1/31/2023 to 2/4/2026| Return | Correlation | |
|---|---|---|
| ONIT | 19.0% | |
| Market (SPY) | 75.1% | 40.4% |
| Sector (XLF) | 54.3% | 46.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ONIT Return | 38% | -23% | 1% | -0% | 49% | -6% | 49% |
| Peers Return | 33% | -16% | 23% | 4% | -3% | 11% | 53% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 84% |
Monthly Win Rates [3] | |||||||
| ONIT Win Rate | 67% | 33% | 50% | 42% | 50% | 0% | |
| Peers Win Rate | 57% | 40% | 48% | 50% | 52% | 90% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| ONIT Max Drawdown | -21% | -55% | -30% | -27% | -14% | -6% | |
| Peers Max Drawdown | -5% | -40% | -13% | -9% | -29% | -2% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ALLE, HON, NSSC, FBIN, SPB.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/4/2026 (YTD)
How Low Can It Go
| Event | ONIT | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -56.4% | -25.4% |
| % Gain to Breakeven | 129.6% | 34.1% |
| Time to Breakeven | 1,204 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -80.3% | -33.9% |
| % Gain to Breakeven | 408.7% | 51.3% |
| Time to Breakeven | 126 days | 148 days |
| 2018 Correction | ||
| % Loss | -79.3% | -19.8% |
| % Gain to Breakeven | 382.9% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -77.9% | -56.8% |
| % Gain to Breakeven | 353.1% | 131.3% |
| Time to Breakeven | 536 days | 1,480 days |
Compare to ALLE, HON, NSSC, FBIN, SPB
In The Past
Onity's stock fell -56.4% during the 2022 Inflation Shock from a high on 1/7/2022. A -56.4% loss requires a 129.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Onity (ONIT)
Onity Group Inc., a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. It operates through, Servicing and Originations segments. The company provides commercial forward mortgage loan servicing, reverse mortgage servicing, special servicing, and asset management services for to owners of mortgage loans and foreclosed real estate, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans classified as 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. It serves primarily under the PHH Mortgage and Liberty Reverse Mortgage brands. 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.
AI Analysis | Feedback
null
AI Analysis | Feedback
- Electronic Locking Systems: Provides advanced electronic door locks and keycard solutions primarily for the hospitality industry.
- Energy Management Systems: Offers smart systems designed to optimize energy consumption and reduce costs in hotel guest rooms.
- In-Room Safes: Manufactures and supplies secure digital safes for guests to store valuables within their hotel rooms.
- Minibars: Provides refrigerated minibars for guest rooms, enhancing the in-room amenities experience.
- Front Desk Systems: Develops software and hardware solutions for managing guest access and room status from the hotel's front desk.
AI Analysis | Feedback
Onity is not a standalone public company with the symbol ONIT. Onity is a brand and business unit of **Carrier Global Corporation** (NYSE: CARR), specializing in electronic locking systems, in-room safes, and energy management solutions primarily for the hospitality industry. Onity sells primarily to other companies (B2B). Its major customers are companies within the hospitality sector. While specific contracts with individual hotel chains are generally not publicly disclosed, Onity serves a broad range of entities in this industry. The major categories of customer companies Onity serves include:- Hotel Chains and Groups: Large global and regional hotel companies that operate numerous properties. These customers typically purchase Onity's systems for new constructions and property renovations across their portfolios. Examples of public companies in this sector that would be potential customers (though not specifically disclosed as such by Onity) include:
- Marriott International, Inc. (NASDAQ: MAR)
- Hilton Worldwide Holdings Inc. (NYSE: HLT)
- Hyatt Hotels Corporation (NYSE: H)
- InterContinental Hotels Group PLC (NYSE: IHG)
- Independent Hotels and Resorts: Individual, privately owned or managed hotels and resorts that require secure access and energy management solutions.
- Cruise Lines: Operators of cruise ships that utilize Onity's locking systems and other solutions for cabin access and guest services. Examples of public companies in this sector include:
- Carnival Corporation & plc (NYSE: CCL)
- Royal Caribbean Group (NYSE: RCL)
- Other Hospitality and Institutional Facilities: This can include student housing, military housing, and other large residential or commercial facilities requiring secure access solutions.
AI Analysis | Feedback
null
AI Analysis | Feedback
Glen A. Messina, President & Chief Executive Officer
- Appointed President and CEO of Onity Group Inc. in October 2018, and also serves as Chairman.
- Previously, Mr. Messina served as Chief Executive Officer and President of PHH Corporation from 2012 to 2017, and as its Chief Operating Officer from July 2011 to December 2011.
- Before that, he was the Chief Executive Officer at GE Chemical and Monitoring Solutions from 2008 to 2011, and he also worked with General Electric Company.
Sean O'Neil, Executive Vice President & Chief Financial Officer
- Appointed Executive Vice President and Chief Financial Officer of Onity Group Inc. in June 2022.
- Prior to joining Onity Group Inc., he served as Chief Financial Officer at Bayview Asset Management from 2015 to 2022.
- His previous experience includes serving as a Group Financial Officer for Wells Fargo, Eastern Community Bank, and as Chief Financial Officer for Wachovia's Wealth Management Group.
Dennis Zeleny, Chief Administrative Officer & Executive Vice President
- Mr. Zeleny has been the Chief Administrative Officer and Executive Vice President of Onity Group Inc. since 2019.
- He previously served as a Human Resources Consultant for the company from January 2019 to August 2019.
- His prior experience includes working with Sunoco, Caremark, DuPont, and PepsiCo.
Joseph J. Samarias, Executive Vice President & Chief Legal Officer
- Mr. Samarias has served as the Executive Vice President and Chief Legal Officer of Onity Group Inc. since 2022.
- He has also been the General Counsel of the company since 2019 and Company Secretary since 2020.
- Previously, he worked with the Office of Financial Stability.
Jenna D Evans, Executive Vice President & Chief Risk & Compliance Officer
- Ms. Evans holds the position of Executive Vice President and Chief Risk & Compliance Officer.
- She has served as the Compliance Officer for Onity Group Inc. since January 2022.
AI Analysis | Feedback
Onity Group Inc. (symbol: ONIT), a non-bank mortgage servicer and originator, faces several significant risks inherent to the financial services industry. The most prominent risks to its business include high debt levels and financial fragility, stringent regulatory scrutiny and compliance obligations, and the volatility of interest rates and the broader housing market.Key Risks to Onity Group Inc.
- High Debt Levels and Financial Fragility: Onity Group Inc. is characterized by poor financial strength, largely due to its substantial debt load, reflected in a high debt-to-equity ratio of 28.7. The company's Altman Z-Score of 1.03 indicates it is in a "distress zone," signaling a potential risk of bankruptcy within two years. The inability to secure adequate capital for its operational financing needs, potential non-compliance with its debt covenants, or difficulties in obtaining sufficient servicer advance financing (especially with increased delinquencies or forbearance plans) represent critical financial vulnerabilities.
- Regulatory Scrutiny and Compliance Obligations: The mortgage servicing and origination sector is heavily regulated, subjecting Onity Group Inc. to intense oversight from various regulatory bodies, including the Consumer Financial Protection Bureau (CFPB). The company faces ongoing risks related to complying with complex legal and regulatory requirements, including those from government-sponsored enterprises (GSEs) and Ginnie Mae. Historical instances of misconduct, such as allegations of unfair practices, unauthorized fees, and illegal foreclosures under its former name, Ocwen Financial Corporation, highlight the potential for significant legal actions and reputational damage if compliance failures recur.
- Interest Rate Fluctuations and Housing Market Deterioration: Onity Group Inc.'s financial performance is intrinsically linked to the dynamics of interest rates and the health of the housing market. Periods of high interest rates can slow down loan repayments, which reduces servicing income, while declining rates can spur loan originations but also increase "portfolio runoff" as borrowers refinance with other lenders, leading to potential losses and higher customer acquisition costs. Furthermore, economic downturns, rising unemployment, or a general weakening of the housing market can elevate credit risk, resulting in increased loan delinquencies and foreclosures.
AI Analysis | Feedback
The increasing adoption of smartphone operating system-level digital key solutions, such as Apple HomeKey and similar initiatives by other major smartphone platform providers, directly integrated into native wallet applications. These solutions standardize and centralize mobile access functionality, potentially diminishing the value proposition of proprietary hotel mobile key applications and the underlying hardware solutions offered by traditional lock manufacturers. The shift could commoditize the hardware components as the primary control and user experience for access moves to the smartphone platform providers, similar to how smartphone operating systems became the dominant platform over device-specific software.
AI Analysis | Feedback
The addressable markets for Onity's main products and services are as follows:
- Electronic Locking Systems (Hospitality): The global hotel electronic door lock market was valued at approximately USD 3.79 billion in 2024 and is projected to reach USD 11.95 billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of about 13.61% during the forecast period. Another estimate places the global hotel lock market size at USD 3.45 billion in 2024, projected to grow to USD 6.05 billion by 2030, at a CAGR of 10.2%. A different source estimated the global electronic hotel locks market size at USD 1.5 billion in 2023, expected to reach USD 3.2 billion by 2032, with a CAGR of 8.4%.
- Access Control Systems (Global): The global access control market size was estimated at USD 10.76 billion in 2024 and is projected to reach USD 17.30 billion by 2030, growing at a CAGR of 8.4% from 2025 to 2030. Another report valued the global access control market at USD 9.24 billion in 2023, with projections to reach USD 19.10 billion by 2032, at a CAGR of 8.4% over 2024-2032. For 2024, another source estimated the global access control market size to be USD 13.69 billion, growing to USD 14.96 billion in 2025 at a CAGR of 9.3%. It is expected to reach USD 25.93 billion by 2029 at a CAGR of 14.7%. The hospitality & entertainment access control market specifically was valued at USD 535.6 million in 2024 and is estimated to grow at a CAGR of 6.9% from 2024 to 2030.
- Access Control as a Service (ACaaS) (Global): The global Access Control as a Service (ACaaS) market was valued at USD 1.34 billion in 2024 and is poised to reach USD 3.06 billion by 2029, growing at a CAGR of 17.9%. Another estimate states the ACaaS market was valued at USD 1.65 billion in 2023 and is expected to reach USD 10.29 billion by 2032, growing at a CAGR of 22.59% over the forecast period 2024-2032.
- Energy Management Systems: While Onity offers energy management systems, specific market sizes solely for "energy management systems in hospitality" or "Onity-type energy management systems" are not distinctly available in the provided search results. The broader "smart hospitality market," which includes solutions such as property management systems, network management systems, and integrated security management systems, was estimated to be worth USD 13.6 billion in 2022 and is projected to reach USD 49.9 billion by 2027 at a CAGR of 29.8%.
- In-room Safes and Minibars: Market sizes specifically for "in-room safes" or "minibars" within the hospitality sector are not readily available in the provided search results. These products are often part of broader "hospitality solutions" or "facility technologies" offered by companies like Onity.
AI Analysis | Feedback
Onity Group Inc. (NYSE: ONIT), a leading non-bank mortgage servicer and originator, is expected to drive future revenue growth over the next 2-3 years through several key strategies. The company, which rebranded from Ocwen Financial Corporation in June 2024, operates primarily through its PHH Mortgage and Liberty Reverse Mortgage brands.
Here are 3-5 expected drivers of future revenue growth for Onity Group Inc.:
- Expansion and Diversification of Mortgage Servicing Portfolio: Onity Group Inc. aims to grow and diversify its mortgage servicing portfolio. As a significant mortgage servicer, increasing the volume and types of loans it services directly translates to higher recurring revenue from servicing fees. The company has a long history in mortgage loan servicing, including subprime mortgage loans, and continues to expand its capabilities in this area.
- Growth in Mortgage Originations (Forward and Reverse Mortgages): Onity Group Inc. is a prominent originator of both forward and reverse mortgage loans through its PHH Mortgage and Liberty Reverse Mortgage brands. Growth in the origination segment, driven by market demand, competitive product offerings, and effective sales channels, will contribute to revenue growth. The company anticipates rebranding its primary mortgage brands to Onity Mortgage in the fall of 2024, which could streamline branding and market presence.
- Operational Efficiency and Technology Advancements: The company emphasizes its strong servicing platform with industry-leading cost and operational performance. Continued investment in technology-enabled global platforms and operational efficiencies can lead to increased profitability and capacity for growth without proportional increases in costs, thereby boosting net revenue.
- Strategic Market Positioning in Reverse Mortgages: Liberty Reverse Mortgage, one of Onity Group Inc.'s core brands, is noted as one of the nation's largest reverse mortgage lenders, focusing on education and helping customers meet financial needs. Given demographic trends, the reverse mortgage market may present a growing opportunity, allowing Onity to leverage its expertise and market position for revenue expansion in this specialized segment.
AI Analysis | Feedback
Here is a summary of Onity Group Inc.'s capital allocation decisions over the last 3-5 years:Share Repurchases
- Information on specific dollar amounts of share repurchases made or explicitly authorized by Onity Group Inc. within the last 3-5 years is not readily available in the provided search results.
Share Issuance
- Onity Group Inc. issued non-convertible, perpetual preferred stock with an aggregate liquidation preference of approximately $52.7 million to Waterfall Asset Management as consideration for the acquisition of Mortgage Assets Management (MAM) assets.
- The number of shares outstanding for Onity Group Inc. increased by 7.32% in one year.
- The basic weighted average common shares outstanding were 8,055,262 in Q3 2025, 8,021,182 in Q2 2025, and 7,860,572 in Q1 2025, indicating a gradual increase.
Outbound Investments
- In October 2021, Onity's subsidiary PHH Mortgage Corporation acquired substantially all of the Reverse Mortgage Solutions, Inc. (RMS) reverse mortgage servicing platform and its Real Estate Owned (REO) business for approximately $12.4 million.
- Onity Group Inc. entered into an agreement in October 2024 to acquire substantially all assets of Mortgage Assets Management, LLC (MAM), with an estimated aggregate net asset value of approximately $55 million. The acquired assets include reverse mortgage loans and servicing rights valued at approximately $3 billion.
Capital Expenditures
- Onity Group Inc. reported capital expenditures of -$1.50 million in the last 12 months.
- The company's persistently negative free cash flow in 2024, at -$807 million, was attributed in part to ongoing heavy capital expenditures.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 64.81 |
| Mkt Cap | 4.5 |
| Rev LTM | 3,394 |
| Op Inc LTM | 443 |
| FCF LTM | 280 |
| FCF 3Y Avg | 301 |
| CFO LTM | 373 |
| CFO 3Y Avg | 360 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.2% |
| Rev Chg 3Y Avg | 5.7% |
| Rev Chg Q | 8.3% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Mgn LTM | 19.4% |
| Op Mgn 3Y Avg | 19.4% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 15.2% |
| CFO/Rev 3Y Avg | 16.5% |
| FCF/Rev LTM | 12.0% |
| FCF/Rev 3Y Avg | 12.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 4.5 |
| P/S | 2.7 |
| P/EBIT | 15.5 |
| P/E | 22.8 |
| P/CFO | 16.5 |
| Total Yield | 6.1% |
| Dividend Yield | 1.3% |
| FCF Yield 3Y Avg | 3.7% |
| D/E | 0.3 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 10.1% |
| 3M Rtn | 14.1% |
| 6M Rtn | 12.2% |
| 12M Rtn | 16.3% |
| 3Y Rtn | 25.6% |
| 1M Excs Rtn | 10.4% |
| 3M Excs Rtn | 15.3% |
| 6M Excs Rtn | 3.0% |
| 12M Excs Rtn | 2.3% |
| 3Y Excs Rtn | -43.5% |
Price Behavior
Price Behavior
| Market Price | $42.85 | |
| Market Cap ($ Bil) | 0.3 | |
| First Trading Date | 09/25/1996 | |
| Distance from 52W High | -19.7% | |
| 50 Days | 200 Days | |
| DMA Price | $46.18 | $40.56 |
| DMA Trend | up | up |
| Distance from DMA | -7.2% | 5.6% |
| 3M | 1YR | |
| Volatility | 44.0% | 43.5% |
| Downside Capture | 141.32 | 102.86 |
| Upside Capture | 176.89 | 105.52 |
| Correlation (SPY) | 35.7% | 44.4% |
ONIT Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.84 | 1.02 | 1.24 | 1.16 | 0.99 | 1.18 |
| Up Beta | 0.59 | 1.42 | 1.21 | 1.80 | 0.82 | 1.21 |
| Down Beta | 0.88 | 0.75 | 0.65 | 0.59 | 1.18 | 1.29 |
| Up Capture | 250% | 108% | 229% | 140% | 114% | 109% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 13 | 25 | 39 | 71 | 128 | 377 |
| Down Capture | 353% | 119% | 106% | 111% | 100% | 105% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 7 | 16 | 22 | 53 | 121 | 368 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ONIT | |
|---|---|---|---|---|
| ONIT | 21.5% | 43.5% | 0.57 | - |
| Sector ETF (XLF) | 6.4% | 19.1% | 0.20 | 46.6% |
| Equity (SPY) | 15.9% | 19.2% | 0.64 | 44.3% |
| Gold (GLD) | 76.1% | 24.5% | 2.27 | 0.6% |
| Commodities (DBC) | 9.3% | 16.5% | 0.36 | 10.5% |
| Real Estate (VNQ) | 4.6% | 16.5% | 0.10 | 37.2% |
| Bitcoin (BTCUSD) | -24.7% | 40.5% | -0.60 | 12.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ONIT | |
|---|---|---|---|---|
| ONIT | 11.7% | 48.9% | 0.40 | - |
| Sector ETF (XLF) | 14.7% | 18.7% | 0.64 | 43.0% |
| Equity (SPY) | 14.2% | 17.0% | 0.66 | 37.2% |
| Gold (GLD) | 21.5% | 16.8% | 1.04 | 4.7% |
| Commodities (DBC) | 12.1% | 18.9% | 0.52 | 15.1% |
| Real Estate (VNQ) | 5.0% | 18.8% | 0.17 | 35.5% |
| Bitcoin (BTCUSD) | 18.0% | 57.4% | 0.52 | 14.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ONIT | |
|---|---|---|---|---|
| ONIT | -5.7% | 74.3% | 0.27 | - |
| Sector ETF (XLF) | 14.2% | 22.2% | 0.59 | 36.9% |
| Equity (SPY) | 15.7% | 17.9% | 0.75 | 33.5% |
| Gold (GLD) | 15.6% | 15.5% | 0.84 | 2.8% |
| Commodities (DBC) | 8.3% | 17.6% | 0.39 | 17.8% |
| Real Estate (VNQ) | 5.9% | 20.8% | 0.25 | 32.8% |
| Bitcoin (BTCUSD) | 69.3% | 66.5% | 1.09 | 9.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 1/26/2026 | -1.0% | -12.5% | |
| 11/6/2025 | -2.9% | 6.3% | 8.5% |
| 8/5/2025 | 3.4% | 4.1% | 12.1% |
| 4/30/2025 | 5.6% | 4.9% | 6.5% |
| 2/13/2025 | -8.3% | -17.2% | -22.9% |
| 11/5/2024 | 2.8% | 2.9% | 6.6% |
| 10/21/2024 | 0.2% | -0.9% | 0.4% |
| 8/1/2024 | -1.5% | -15.8% | 1.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 12 | 13 |
| # Negative | 11 | 10 | 8 |
| Median Positive | 5.6% | 9.5% | 8.7% |
| Median Negative | -4.9% | -12.8% | -18.6% |
| Max Positive | 70.0% | 48.8% | 100.0% |
| Max Negative | -20.1% | -22.2% | -29.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/27/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 02/25/2022 | 10-K |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.