Nu Holdings Ltd. vs UWM HOLDINGS CORPORATION, two Mortgage Finance stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Economically the pair barely overlaps: Nu banks tens of millions of Latin American consumers with deposits and cards at a 17.1% net margin, debt-free; UWM originates US wholesale mortgages at 1.9%, geared 1.86 turns, its negative 158% free-cash figure the plumbing of a warehouse book. One compounds through demographics, the other oscillates with rates. The market prices the compounder at 32 times earnings and $63B, the oscillator at 6.6 times and $4B. Returns on equity, 25.8% against 4.2%, currently agree with the pricing. What the pair really offers is a clean choice of exposure: customer growth or rate normalization, with almost nothing shared in between.
Comparison updated 2026-07-10.
| Metric | NU | UWMC |
|---|---|---|
| Price | $13.15 | $2.19 |
| Market cap | $63.0B | $3.5B |
| Sector | Financial Services | Financial Services |
| Stage | Growth | Growth |
| Implied growth (priced in) | — | +12.6% |
| P/E | 32.0 | 6.6 |
| P/B | 8.24 | 2.19 |
| P/S | 5.47 | 1.02 |
| EV/EBITDA | — | 103.7 |
| Revenue growth | +105.9% | +28.3% |
| Gross margin | 45.6% | — |
| Net margin | 17.1% | 1.9% |
| Return on equity | 25.8% | 4.2% |
| Return on assets | 4.0% | 0.3% |
| Debt / equity | 0.00 | 1.86 |
| Altman Z (solvency) | 1.12 | 0.31 |
| Piotroski F (quality) | 9 / 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.