OneMain Holdings Inc (OMF)
🔔 Watch stock
symbol.quality_heading
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
Yellow here stands for valuation and cycle risk, not a threat to substance. Against red: $783 million of net income in 2025, $226 million in the first quarter of 2026, $11.8 billion of unencumbered receivables against $1.1 billion of scheduled payments for 2026, a dividend covered by earnings and a falling share count. Against green, equally documented: the net charge-off ratio rose to 8.41 percent in the first quarter of 2026, the allowance fell from $2,865 million to $2,819 million because losses exceeded the provision, the equity ratio is 12.4 percent, and operations and investing together produced a $29 million net outflow in 2025.
symbol.quality_note
A price-to-free-cash-flow ratio of 2.17 looks like a gift: the entire market value earned back in a little over two years. OneMain Holdings, the largest U.S. installment lender to nonprime borrowers, did report $3,132 million of operating cash flow for 2025. Almost two thirds of that figure, however, is the add-back of a $1,997 million loan loss provision — money that never moved. Add the loan book the company has to keep funding and the annual report shows a net outflow of $29 million. In the same year, $499 million of dividends and $141 million of buybacks stood against $1,148 million of net new borrowings. Not investment advice — just the question of which cash box the dividend actually comes from.
Read the analysis
Stock Watch
This analysis is as of July 26, 2026. Stock Watch will tell you what's changed at OMF since then.
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Appears in These Scanners
This stock currently matches 2 of our scanner strategies — each hit links to the scanner.
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 62.60 $ — 60% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
Quality & Screener
AI Rating
NeutralIn den sechs ausgewerteten SEC-Berichten (vier Quartalsberichte 10-Q und zwei Geschäftsberichte 10-K) kommt kein einziger Treffer für „artificial intelligence“, „machine learning“, „AI“ oder „generative“ vor; OneMain beschreibt sein Kreditgeschäft ausschließlich über Filialnetz, zentrale Bearbeitung, digitale Vertriebskanäle und ein „conservative and disciplined underwriting model“ ohne KI-Bezug.
View the full file — quotes, sources, reviewed filings
Filings Reviewed: 10-Q 2026-05-01 · 10-K 2026-02-06 · 10-Q 2025-10-31 · 10-Q 2025-07-29 · 10-Q 2025-05-02 · 10-K 2025-02-07
Rated on July 27, 2026 · How the Rating Is Built
Analysts & Price Target
The price target sits 11.0% above the current price.
- Consensus
- Sell
- Analyst Ratings
- 16
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 7.09 | 6.80 – 7.40 | 5,259 | 6.4% | 16 |
| 12/31/2027 | 8.59 | 8.15 – 9.05 | 5,651 | 21.2% | 16 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
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· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 1.05 | -23.60 | 1,498 | 8.90 | 8.40 | 752 | 752 |
| 2025: Q1 | 1.78 | 37.70 | 1,501 | 10.80 | 14.20 | 665 | 665 |
| 2025: Q2 | 1.40 | 136.80 | 1,536 | 9.30 | 10.90 | 774 | 774 |
| 2025: Q3 | 1.67 | 27.50 | 1,594 | 8.80 | 12.50 | 828 | 828 |
| 2025: Q4 | 1.72 | 64.40 | 1,612 | 7.60 | 12.70 | 865 | 865 |
| 2026: Q1 | 1.93 | 8.50 | 1,587 | 5.70 | 14.20 | 739 | 739 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Annual Figures
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 3,729 | 356 | 215 | 1.59 | 1,326 | 3,066 | 18,123 |
| 2017 | 3,785 | 431 | 183 | 1.35 | 1,555 | 3,278 | 19,433 |
| 2018 | 4,241 | 624 | 447 | 3.29 | 2,046 | 3,799 | 20,090 |
| 2019 | 4,682 | 1,098 | 855 | 6.27 | 2,362 | 5,571 | 22,817 |
| 2020 | 4,933 | 977 | 730 | 5.41 | 2,212 | 4,626 | 22,471 |
| 2021 | 4,973 | 1,741 | 1,314 | 9.88 | 2,247 | 4,328 | 22,079 |
| 2022 | 5,091 | 1,155 | 872 | 7.01 | 2,387 | 3,029 | 22,533 |
| 2023 | 5,299 | 840 | 641 | 5.31 | 2,519 | 3,186 | 24,294 |
| 2024 | 5,722 | 667 | 509 | 4.24 | 2,699 | 3,191 | 25,910 |
| 2025 | 6,242 | 1,001 | 783 | 6.56 | 3,130 | 3,401 | 27,388 |
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Assessment: Opportunities & Risks
Market leader in installment lending to nonprime borrowers: more than 1,300 branches in 44 states, approximately 9,300 employees, 2.4 million personal loans totaling $21.43 billion, 53 percent of them secured (December 31, 2025). Net interest income rose from $3,545 million (2023) through $3,808 million (2024) to $4,183 million (2025), and the yield on consumer loans ran at 22.60 percent in the first quarter of 2026.
Net income recovered to $783 million in 2025 after $509 million (2024) and $641 million (2023); $6.56 diluted per share. The first quarter of 2026 followed with $226 million after $213 million a year earlier. Return on equity most recently ran at about 24 percent (data as of July 27, 2026).
The price-to-free-cash-flow ratio of 2.17 (measured July 27, 2026, scanner run of July 26, 2026) measures the interest margin before losses at an installment lender. Of the $3,132 million of operating cash flow in 2025, $1,997 million is the add-back of the loan loss provision. The annual report itself reports a $29 million net outflow from operating and investing activities combined. Adjusted for actual net charge-offs of $1,837 million, the ratio lands on the order of 5.
The net charge-off ratio rose to 8.41 percent in the first quarter of 2026 after 8.16 percent a year earlier (full years 7.48 / 8.12 / 7.65 percent for 2023 to 2025). Actual net charge-offs of $511 million exceeded the $465 million provision, and the allowance fell from $2,865 million to $2,819 million. The company’s own pretax capital generation metric stagnated at $258 million while reported net income rose 6.1 percent.
The equity ratio is 12.4 percent ($3,401 million of $27,388 million at December 31, 2025), and $12.7 billion of consumer loan receivables are pledged (March 31, 2026). Against that sit $11.8 billion of unencumbered receivables versus $1.1 billion of scheduled principal and interest payments for 2026, plus $5.9 billion of undrawn conduit capacity. Dividends ($499 million) and buybacks ($141 million) stood against $1,148 million of net new borrowings in 2025.
Shares outstanding fell from 119,360,509 (December 31, 2024) through 117,196,792 (December 31, 2025) to 115,627,261 (March 31, 2026); a new $1.0 billion repurchase program running to December 31, 2028 was authorized on October 23, 2025. The quarterly dividend is $1.05 per share and the payout ratio a little over 60 percent of 2025 diluted earnings. $100 invested on December 31, 2020 with dividends reinvested had become $236.43 by December 31, 2025 (figure from the annual report).
OneMain Holdings is a profitable market leader with a headline metric that measures something other than its name suggests. Of $3,132 million of operating cash flow in 2025, $1,997 million is the add-back of the loan loss provision; operations and investing combined produced a $29 million outflow according to the annual report. Dividends and buybacks totaling $640 million stood against $1,148 million of net new borrowings. Against that sits a real, growing business: $4,183 million of net interest income, $783 million of net income, more than 1,300 branches, a share count reduced by almost 4 million and a payout ratio a little over 60 percent. The leverage sits entirely in the charge-off rate, which climbed to 8.41 percent in the first quarter of 2026. Not investment advice.
- Hook: rank 46 in our in-house P/FCF ranking with the U.S. market filter at a price-to-free-cash-flow ratio of 2.17. The scanner page shows only the 25 strongest hits — OneMain is not among them; 544 stocks passed the criteria in total. Measured July 27, 2026, underlying scanner run of July 26, 2026; the lists are recalculated daily.
- Data basis: annual report 10-K for 2025 (filed February 6, 2026), quarterly report 10-Q for March 31, 2026 (filed May 1, 2026), current report 8-K of June 22, 2026; valuation metrics and analyst votes as of July 27, 2026.
- Risk of confusion: the listed company was named Springleaf Holdings, Inc. until November 9, 2015; the subsidiary OneMain Finance Corporation (OMFC) reports inside the same 10-K, which is why some figures appear twice and differ slightly (2025 net income: $783 million for OMH, $782 million for OMFC).
- Meaningless at a lender: Altman Z-score, enterprise value and price-to-sales. The balance sheet consists almost entirely of receivables from customers, and debt is the raw material of the business.
About the Company
OneMain Holdings, Inc., eine Finanzdienstleistungsholding, ist im Verbraucherfinanzierungs- und Versicherungsgeschäft in den USA tätig.
| CEO Insider Trades (12 Mo.) | selling own stock |
|---|---|
| Employees | 9,300 |
| Headquarters | Evansville, IN |
| Address | 601 N.W. Second Street, 47708 Evansville, United States |
| Phone | 812 424 8031 |
| Website | onemainfinancial.com |
| IPO Date | 16. Oct 2013 |
| ISIN | US68268W1036 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Douglas H. Shulman J.D. | Chairman, President & CEO | 1968 |
| Jeannette E. Osterhout | Executive VP & CFO | 1982 |
| Micah R. Conrad C.F.A. | Executive VP & COO | 1971 |
| Michael A. Hedlund | Senior VP & Group Controller | 1973 |
| Larry Fitzpatrick | Executive VP & Chief Technology Officer | – |
| Peter R. Poillon | Head of Investor Relations | – |
| Lily Fu Claffee | Executive VP, Chief Legal Officer & Corporate Secretary | 1970 |
| Karen M. Mooney | Executive VP & Chief Human Resources Officer | – |
| Dinesh Goyal | Executive Vice President & Chief Credit and Customer Acquisition Officer | – |
| Sundus Kubba | Chief of Staff | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Insider Transactions
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 29. Jul 2026 | Hedlund Michael A | pao, SVP and Group Controller | Sell | 2,500 | 64.00 | 160,000 |
| 17. Apr 2026 | Micah R Conrad | COO | Sell | 5,000 | 60.00 | 300,000 |
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
View all insider transactions →Chart
Interactive price chart (TradingView).
Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.