OMFOneMain Holdings, Inc.
Personal Credit Institutions
- Revenue
- —
- Operating margin
- —
- EBITDA
- —
- Market cap
- $6.5B
- Employees
- 9,300
- Net debt / EBITDA
- —
- $21.6B net debt
- AI in 10-K
- 0.0
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo2 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$15M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo400% of net incomeCash flow under 80% of net income
- Dilutive SBCNo—Over 10% of revenue
- Payouts exceed cash flowNo20% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo5% of assetsOver 40% of assets
- Shareholder dissentNo97% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AIYes0.0 per 10K words · 0th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$6.5B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$8M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Net income | $1.3B | $872M | $641M | $509M | $783M | 54% |
| Operating cash flow | $2.2B | $2.4B | $2.5B | $2.7B | $3.1B | 16% |
| Stock-based comp | $23M | $31M | $36M | $30M | $36M | 20% |
| Buybacks | $368M | $303M | $65M | $35M | $141M | 303% |
| Dividends | $1.3B | $480M | $487M | $498M | $499M | 0.2% |
Deal filings
| Filed | Form | Acquirer | Price | Premium |
|---|---|---|---|---|
| Jun 19, 2017 | SC TO-T/A | IEG Holdings Corp | — | — |
| Jun 14, 2017 | SC TO-T/A | IEG Holdings Corp | — | — |
| May 23, 2017 | SC TO-T/A | IEG Holdings Corp | — | — |
| May 11, 2017 | SC TO-T/A | IEG Holdings Corp | — | — |
| May 8, 2017 | SC TO-T/A | IEG Holdings Corp | — | — |
| Apr 18, 2017 | SC TO-T/A | IEG Holdings Corp | — | — |
| Mar 27, 2017 | SC TO-T/A | IEG Holdings Corp | — | — |
| Feb 14, 2017 | SC TO-T/A | IEG Holdings Corp | — | — |
| Jan 13, 2017 | SC TO-T/A | IEG Holdings Corp | — | — |
| Jan 11, 2017 | SC TO-T/A | IEG Holdings Corp | — | — |
| Jan 10, 2017 | SC TO-T/A | IEG Holdings Corp | — | — |
| Jan 10, 2017 | SC TO-T/A | IEG Holdings Corp | — | — |
| Jan 5, 2017 | SC TO-T | IEG Holdings Corp | — | — |
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| May 6, 2024 | Uniform InvestCo LP | SC 13D/A | 1.0% | Passive |
| Dec 5, 2023 | Uniform InvestCo LP | SC 13D/A | 5.6% | Passive |
| Feb 15, 2023 | Uniform InvestCo LP | SC 13D/A | 0.2% | Passive |
| Nov 1, 2021 | Apollo Management Holdings GP, LLC | SC 13D/A | 2.0% | Passive |
| Oct 18, 2021 | VARDE PARTNERS INC | SC 13D/A | 9.6% | Passive |
| Oct 18, 2021 | Apollo Management Holdings GP, LLC | SC 13D/A | 7.6% | Passive |
| Sep 1, 2021 | Apollo Management Holdings GP, LLC | SC 13D/A | 7.6% | Passive |
| Aug 5, 2021 | Apollo Management Holdings GP, LLC | SC 13D/A | 13.7% | Passive |
| May 7, 2021 | VARDE PARTNERS INC | SC 13D/A | 27.2% | Passive |
| May 6, 2021 | Apollo Management Holdings GP, LLC | SC 13D/A | 27.2% | Passive |
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $8M · 12
- Net
- −$8M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $15M | $28M | 236 | 195 |
| FY2024 | $11M | $11M | 169 | 160 |
| FY2023 | $15M | $19M | 147 | 128 |
| FY2022 | $11M | $4M | 90 | 109 |
| FY2021 | $22M | $40M | 124 | 125 |