CREDIT ACCEPTANCE CORP vs ONEMAIN HOLDINGS, INC., two Credit Services stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
The balance sheets tell opposite funding stories: Credit Acceptance runs debt-free on this page (its subprime auto book funded through off-balance-sheet securitizations), while OneMain carries 6.63 turns, the extreme leverage of a pure personal-installment lender. Both earn superb returns, 30% and 23.6% on equity, deep-subprime underwriting done well. Credit Acceptance nets 19.5% of revenue, OneMain 18.7%, near-matched. OneMain pays a 6.9% dividend against Credit Acceptance's none, and both throw off double-digit free-cash figures. The multiples sit at 15.7 and 9 times. Two high-return subprime lenders, one apparently unlevered by accounting geography, one visibly geared to the hilt; the returns are twins, the leverage optics are not.
Comparison updated 2026-07-11.
| Metric | CACC | OMF |
|---|---|---|
| Price | $629.29 | $60.45 |
| Market cap | $6.9B | $7.1B |
| Sector | Financial Services | Financial Services |
| Stage | Mature | Mature |
| Implied growth (priced in) | — | +7.8% |
| P/E | 15.7 | 9.0 |
| P/B | 4.55 | 2.10 |
| P/S | 2.96 | 1.67 |
| EV/EBITDA | 9810.9 | 387.2 |
| Revenue growth | +4.6% | +8.8% |
| Net margin | 19.5% | 18.7% |
| Return on equity | 29.9% | 23.6% |
| Return on assets | 5.2% | 3.0% |
| Dividend yield | — | 6.9% |
| Debt / equity | 0.00 | 6.63 |
| Altman Z (solvency) | 1.02 | 0.48 |
| Piotroski F (quality) | 7 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.