ONEMAIN HOLDINGS, INC. vs SLM Corp, two Credit Services stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
OneMain and SLM (Sallie Mae) are both high-return consumer lenders, one subprime installment, one private student loans, and their returns nearly match, 23.6% and 30.7% on equity, SLM ahead. SLM's 49.8% net margin dwarfs OneMain's 18.7%, student-loan spreads against personal-loan ones, but OneMain hands back far more, a 6.9% dividend against SLM's 2%. Both carry heavy leverage, 6.63 and 2.53 turns, standard for the trade. The multiples sit at 9 and 7.1 times, both single-digit. The pair prices two of the sector's most profitable lenders as deep value; SLM earns the fatter margin and higher return, OneMain the fatter yield, and both trade as though the market has already scheduled a recession.
Comparison updated 2026-07-11.
| Metric | OMF | SLM |
|---|---|---|
| Price | $60.45 | $25.47 |
| Market cap | $7.1B | $5.0B |
| Sector | Financial Services | Financial Services |
| Stage | Mature | Mature |
| Implied growth (priced in) | +7.8% | — |
| P/E | 9.0 | 7.1 |
| P/B | 2.10 | 2.07 |
| P/S | 1.67 | 3.35 |
| EV/EBITDA | 387.2 | 1397.9 |
| Revenue growth | +8.8% | +2.3% |
| Net margin | 18.7% | 49.8% |
| Return on equity | 23.6% | 30.7% |
| Return on assets | 3.0% | 2.5% |
| Dividend yield | 6.9% | 2.0% |
| Debt / equity | 6.63 | 2.53 |
| Altman Z (solvency) | 0.48 | 0.40 |
| Piotroski F (quality) | 6 / 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.