UWM Holdings annual debt-to-equity ratio
2020
2021
2022
2023
2024
2025
UWM Holdings Debt-to-Equity Ratio Growth & History (UWMC)
UWM Holdings's debt-to-equity ratio was 1.95 for fiscal 2025.
View full UWM Holdings company overviewUWM Holdings annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.95 | 0.53 | +37.52% |
| 2024 | 2024-12-31 | 1.42 | 0.56 | +65.05% |
| 2023 | 2023-12-31 | 0.86 | 0.18 | +26.39% |
| 2022 | 2022-12-31 | 0.68 | −0.00 | −0.73% |
| 2021 | 2021-12-31 | 0.68 | −184.85 | −99.63% |
| 2020 | 2020-12-31 | 185.53 | — | — |
UWM Holdings quarterly debt-to-equity ratio
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 3.15 | 1.49 | +89.28% |
| Q1 2026 | 2026-03-31 | 1.94 | 0.16 | +9.00% |
| Q4 2025 | 2025-12-31 | 1.95 | 0.53 | +37.52% |
| Q3 2025 | 2025-09-30 | 2.46 | 1.49 | +152.25% |
| Q2 2025 | 2025-06-30 | 1.66 | 0.75 | +81.98% |
| Q1 2025 | 2025-03-31 | 1.78 | 0.91 | +104.96% |
| Q4 2024 | 2024-12-31 | 1.42 | 0.56 | +65.05% |
| Q3 2024 | 2024-09-30 | 0.98 | 0.28 | +40.94% |
| Q2 2024 | 2024-06-30 | 0.91 | — | — |
| Q1 2024 | 2024-03-31 | 0.87 | — | — |
| Q4 2023 | 2023-12-31 | 0.86 | 0.18 | +26.39% |
| Q3 2023 | 2023-09-30 | 0.69 | 0.06 | +8.94% |
| Q4 2022 | 2022-12-31 | 0.68 | −0.00 | −0.73% |
| Q3 2022 | 2022-09-30 | 0.64 | 0.07 | +13.34% |
| Q2 2022 | 2022-06-30 | 0.67 | 0.05 | +8.50% |
| Q1 2022 | 2022-03-31 | 0.68 | 0.63 | +1133.53% |
| Q4 2021 | 2021-12-31 | 0.68 | −184.85 | −99.63% |
| Q3 2021 | 2021-09-30 | 0.56 | — | — |
| Q2 2021 | 2021-06-30 | 0.62 | — | — |
| Q1 2021 | 2021-03-31 | 0.06 | — | — |
| Q4 2020 | 2020-12-31 | 185.53 | — | — |
UWM Holdings debt-to-equity ratio trends
Over the last five fiscal years, UWM Holdings's debt-to-equity ratio decreased from 185.53 to 1.95, a change of −183.58. The latest reported quarter, Q2 2026, shows 3.15.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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