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what it is
OneMain lends money to consumers and sells insurance through personal loans, auto loans, and credit cards.
how it gets paid
Last year Onemain made $5.5B in revenue. Personal loans was the main engine at $3.6B, or 66% of sales.
why it's growing
Revenue grew 9.3% last year. Revenue rose 190% vs. prior year, and the reported profit margin was 26.34% in web data.
what just happened
The quarter printed $4.0B of revenue, and EPS reached $4.84.
At a glance
C++ balance sheet — some cracks in the foundation
55/100 earnings predictability — expect surprises
10.0x trailing p/e — the market's not buying it — or you found a deal
8.1% dividend yield — cash in your pocket every quarter
4.5% return on capital — nothing to write home about
xvary composite: 48/100 — below average
What they do
OneMain lends money to consumers and sells insurance through personal loans, auto loans, and credit cards.
OneMain has 1,300 locations and digital channels. That means you can borrow, pay, and roll loans without starting over somewhere else. It also has 2.4 million personal loans and 144 thousand auto loans on the books, so the machine already has scale.
How they make money
$5.5B
annual revenue · their business grew +9.3% last year
Personal loans
$3.6B
Auto finance
$0.7B
Credit cards
$0.4B
Insurance and servicing
$0.8B
The products that matter
unsecured consumer lending
Personal Loans
$26.3B managed receivables
this is the core book, with $26.3B in managed receivables at the end of 2025. when underwriting holds, this engine prints interest income. when it slips, charge-offs show up fast.
core
secured vehicle lending
Auto Finance
2025 platform migration
this segment moved onto new tech infrastructure in 2025. that does not create a moat, but it matters if management wants cleaner servicing and more efficient growth from here.
execution watch
add-on products and fees
Insurance & Other
$1.1B · 20% of revenue
this $1.1B revenue stream is the second leg of the model. it helps diversify a business otherwise dominated by lending spreads, but it is still small next to the $4.4B interest engine.
secondary revenue
Key numbers
$5.5B
annual revenue
That is the size of the whole business, and it grew 9.3% vs. prior year.
$4.24
FY2024 EPS
Earnings per share tells you what the business earned for each share you own.
8.1%
dividend yield
That is a large cash payout, but you are paying for it with debt and credit risk.
$22.3B
long-term debt
This is the bill that makes the stock more sensitive to funding costs than most lenders.
Financial health
C++
strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 3 — safer than 50% of stocks
- price stability 45 / 100
- long-term debt $22.3B (79% of capital)
C++ — balance sheet grade and long-term debt are flagged. this stock carries more risk than average.
Total return vs. market
Return history isn't available for OMF right now.
source: institutional data · return history unavailable
What just happened
beat estimates
The quarter printed $4.0B of revenue, and EPS reached $4.84.
Revenue rose 190% vs. prior year, and the reported profit margin was 26.34% in web data. That is a strong print, but it still sits on a debt-heavy balance sheet.
$4.0B
revenue
$4.84
eps
26.34%
profit margin
the number that mattered
The $4.0B revenue print mattered most because it was 190% above last year and showed the business still throws off cash.
source: company earnings report, 2026
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What could go wrong
the #1 risk is non-prime consumer credit deterioration. OneMain gets paid for taking risk other lenders avoid. if that risk is mispriced, the whole model feels it fast.
high
consumer credit deterioration
net charge-offs were 5.7% in Q4 2025. a lender targeting non-prime borrowers does not need a recession to feel pain — it only needs delinquencies to drift higher.
net charge-offs were 5.7% in Q4 2025. a lender targeting non-prime borrowers does not need a recession to feel pain — it only needs delinquencies to drift higher.
high
leverage and funding pressure
OneMain funds the book with $22.3B in long-term debt, equal to 79% of capital. if borrowing costs stay high or refinancing gets tighter, the spread business loses room fast.
OneMain funds the book with $22.3B in long-term debt, equal to 79% of capital. if borrowing costs stay high or refinancing gets tighter, the spread business loses room fast.
med
regulatory and legal scrutiny
the company faces a 13-state lawsuit filed in March 2026 alleging unfair practices. fee or rate restrictions would hit the economics of products already serving a riskier borrower base.
the company faces a 13-state lawsuit filed in March 2026 alleging unfair practices. fee or rate restrictions would hit the economics of products already serving a riskier borrower base.
a 1% rise in loan losses would cut about $260M from pre-tax income. against $783M in 2025 net income, that is not a rounding error.
source: institutional data · regulatory filings · risk analysis
Pay attention to
credit metric
net charge-off rate
Q4 2025 came in at 5.7%. if that number keeps climbing, the valuation and the dividend story both get worse at the same time.
next report
Q1 2026 earnings
consensus EPS is $1.95. watch whether earnings strength comes from cleaner credit, better spreads, or just timing noise.
legal overhang
13-state lawsuit
this is the headline risk that can change economics, not just sentiment. any update on fines, settlements, or product restrictions matters.
business trend
receivables growth vs. credit quality
managed receivables grew 6% to $26.3B. growth is good right up until it starts buying lower-quality volume.
Analyst rankings
earnings predictability
55 / 100
in human-speak, analysts do not expect a smooth ride. lender earnings move with credit, funding, and charge-off timing.
risk rank
3
middle-of-the-pack safety. not distressed, not defensive.
source: institutional data
Institutional activity
institutional ownership data for OMF is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$70
current price
n/a
target midpoint · n/a from current
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