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OneMain Financial OMF

OneMain Financial scores good on business quality (6.2 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$56.07Oct 10, 2026
Business qualityGood
Next earningsOct 30, 2026, before the open
Insiders, 90 daysSelling

Why it matters

  1. What OneMain Financial does

    OneMain Holdings provides non-prime personal loans, issuing installment credit directly to consumers through its branch network and digital channels. The company generates revenue primarily from interest income and fee income on these consumer loans. Management is expanding digital origination capabilities while maintaining its physical branch footprint to capture underserved borrowers.

  2. What it does best

    OneMain delivers elite returns on equity, posting an roe of 23.1% that outpaces peer SYF at 20.9%. This edge stems from deep underwriting data gathered across decades of serving non-prime borrowers, creating a specialized scoring model that new entrants struggle to replicate.

  3. The main risk

    Heavy debt loads present the core operational threat, with total debt reaching $22.7 billion against a cash position of $914 million. An economic downturn could spike credit defaults, compressing margins significantly given the high debt-to-equity ratio of 6.7.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityFair

Gross margin sits near 79.9% while operating margin is 16.3%, supported by strong net income of $781M. Profitability scales reasonably well with loan book expansion, though credit costs remain a variable drag.

MoatFair

A specialized non-prime customer base creates moderate switching costs and brand stickiness, reflected in an roe ranking in the top quartile at the 77th percentile of its sector.

GrowthSteady

Revenue grew 9.1% to $6.4B, showing steady acceleration compared to historical annual figures. Top-line expansion is driven by core installment loan volume growth.

Financial healthStrong

Debt-to-equity stands at 6.7 with net debt at $21.8B, backed by $914M in cash. Operating cash flow reached $3.2B, indicating stable liquidity but heavy reliance on debt markets.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

1 sold $327K outside pre-planned sales.

Our sealed record on OMF

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is OMF a good business?

OneMain Financial scores good on the Cluenex quality check (6.2 of 10), measured against its own industry. Profitability is fair, moat fair, growth steady and financial health strong.

Are insiders buying OMF?

In the last 90 days of SEC Form 4 filings: 1 sold $327K outside pre-planned sales.

When does OMF report earnings?

Oct 30, 2026, before the open.

For members

See OMF today

  • Today's verdict on OMF, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “OneMain Financial (OMF)”, https://cluenex.com/stocks/omf/, data as of Oct 10, 2026.