ONIT (Onity Group) Operating Income: $193 Mil (TTM As of Jun. 2026)

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ONIT Onity Group Inc ONIT
59 GF Score
Price $39.30
GF Value $36.56
Valuation Fairly Valued
! 7 Warning Signs
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What is Onity Group Operating Income?

Onity Group ONIT +1.50% 59 Operating Income is $193 Mil as of Jun. 2026. GuruFocus rates ONIT with a GF Score™ of 59/100 and a GF Value™ of $36.56 (Fairly Valued). The stock has 7 warning signs investors should review.

Onity Group's Operating Income for the three months ended in Jun. 2026 was $26 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was $193 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Onity Group's Operating Income for the three months ended in Jun. 2026 was $26 Mil. Onity Group's Revenue for the three months ended in Jun. 2026 was $338 Mil. Therefore, Onity Group's Operating Margin % for the quarter that ended in Jun. 2026 was 7.62%.

Good Sign:

Onity Group Inc operating margin is expanding. Margin expansion is usually a good sign.

Onity Group's 5-Year average Growth Rate for Operating Margin % was 2.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Onity Group's annualized ROC % for the quarter that ended in Jun. 2026 was 0.55%. Onity Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 14.72%.


Onity Group  (NYSE:ONIT) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Onity Group's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=103.2 * ( 1 - 21.19% )/( (17338.1 + 12016.3)/ 2 )
=81.33192/14677.2
=0.55 %

where

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Onity Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=103.2/( ( (11.3 + max(711.6, 0)) + (11 + max(668.3, 0)) )/ 2 )
=103.2/( ( 722.9 + 679.3 )/ 2 )
=103.2/701.1
=14.72 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(346.4 + 0 + 579.8) - (214.6 + 0 + 0)
=711.6

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(218.5 + 0 + 587.2) - (137.4 + 0 + -2.8421709430404E-14)
=668.3

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Onity Group's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=25.8/338.4
=7.62 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Onity Group Operating Income Related Terms


Onity Group Operating Income Historical Data

* Premium members only.

The historical data trend for Onity Group's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Onity Group Operating Income Chart

Onity Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 224.80 270.70 226.70 247.80 232.10

Onity Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 66.20 64.20 51.30 51.50 25.80
ONIT
59GF Score
Onity Group Inc ONIT
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Onity Group Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $193 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $193 Mil mean?
Onity Group (ONIT) has a Operating Income of $193 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Onity Group and its competitors.
Is Onity Group's Operating Income too high?
Onity Group's current Operating Income is $193 Mil. Overall, Onity Group has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Onity Group's Operating Income compare to BETR and GHI?
Onity Group's Operating Income of $193 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Banks company?
A good Operating Income depends on the Banks industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Onity Group and its competitors. Onity Group's current Operating Income is $193 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Onity Group stock overvalued right now?
Based on GuruFocus' analysis, Onity Group (ONIT) is currently considered Fairly Valued. The stock's GF Value™ is $36.56, compared to a current price of $39.30 — trading 7.5% above its estimated fair value. The current Operating Income is $193 Mil. Onity Group's overall GF Score™ is 59/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Onity Group (ONIT), the current Operating Income is $193 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Onity Group (ONIT) Overvalued in 2026?

Based on GuruFocus' analysis, Onity Group stock appears to be overvalued. The current stock price of $39.30 is trading 7.5% above its estimated GF Value™ of $36.56. GuruFocus considers Onity Group to be Fairly Valued.

Key valuation signals for ONIT:

  • Operating Income: $193 Mil
  • GF Value™: $36.56 vs. price of $39.30 (7.5% above fair value)
  • GF Score™: 59/100 with 7 warning signs

No single metric tells the full story. See the ONIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Onity Group Business Description

Other Exchanges 0KAS:UKOW0A:Germany
Address 1661 Worthington Road, Suite 100, West Palm Beach, FL, USA, 33409
Onity Group Inc is a non-bank mortgage servicer and originator providing solutions through its brands, PHH Mortgage and Liberty Reverse Mortgage. PHH Mortgage is one of the servicers in the country that focused on delivering a variety of servicing and lending programs and Liberty is one of the nation's reverse mortgage lenders dedicated to education and providing loans that help customers meet their personal and financial needs.
59GF Score

Get the complete analysis for ONIT

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$39.30
Price
$36.56
GF Value