SoFi Technologies, Inc. vs UWM HOLDINGS CORPORATION, two Mortgage Finance stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
SoFi carries no holding-level debt and funds its lending with deposits it gathered itself; UWM carries 1.86 turns of warehouse leverage because wholesale origination is built from borrowed money. The structures assign the risks: SoFi's negative 25.8% free-cash figure is loan-book growth, UWM's negative 158% is origination flow, and neither is what it looks like. The earnings split by cycle position, a 14.6% net margin at SoFi against 1.9% at UWM. The multiples, 39.7 against 6.6 times, price a compounding deposit franchise against a dormant rate machine. One balance sheet is a moat being dug; the other is a spring being compressed; the prices say the market prefers the shovel to the coil.
Comparison updated 2026-07-10.
| Metric | SOFI | UWMC |
|---|---|---|
| Price | $17.86 | $2.19 |
| Market cap | $24.6B | $3.5B |
| Sector | Financial Services | Financial Services |
| Stage | Growth | Growth |
| Implied growth (priced in) | — | +12.6% |
| P/E | 39.7 | 6.6 |
| P/B | 2.28 | 2.19 |
| P/S | 6.24 | 1.02 |
| EV/EBITDA | 313.9 | 103.7 |
| Revenue growth | +40.7% | +28.3% |
| Net margin | 14.6% | 1.9% |
| Return on equity | 5.3% | 4.2% |
| Return on assets | 1.1% | 0.3% |
| Debt / equity | 0.00 | 1.86 |
| Altman Z (solvency) | 0.40 | 0.31 |
| 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.