Rocket Companies, Inc.(RKT) Stock Research - Grey Stern Research

Rocket Companies, Inc. (RKT) Stock Analysis

$13.66 (-2.72%)

RKT Financial Performance


Use the table below to view Rocket Companies, Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q3 - 2024

Metric Value Ranking among Peers
Price $14.04 -
52 Week Low $9.64 -
52 Week High $21.38 -
Market Cap $28.0 Billion 1/11
Gross Margin 100% 1/11
Profit Margin -79% 11/11
EBITDA margin -88% 10/11
Q3 - 2024 Revenue $646.9 Million 2/11
Q3 - 2024 Earnings -$513.2 Million 11/11
Q3 - 2024 Free Cash Flow -$1.3 Million 9/11
Trailing 4 Quarters Revenue $3.0 Billion 2/11
Trailing 4 Quarters Earnings -$495.7 Million 11/11
Quarterly Earnings Growth -8370% 11/11
Annual Earnings Growth -1838% 11/11
Quarterly Revenue Growth -44% 10/11
Annual Revenue Growth -38% 10/11
Cash On Hand $1.2 Billion 1/11
Short Term Debt $366.5 Million 5/11
Long Term Debt $0 7/11

Rocket Companies, Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Rocket Companies, Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE -1.00 7/11
PS 9.49 2/11
PB 3.35 1/11
PC 22.80 2/11
Liabilities to Equity 2.01 8/11
ROA -0.02 6/11
ROE -0.06 7/11
Current Ratio 1.50 2/11
Quick Ratio 0.07 3/11
Long Term Debt to Equity 0.00 7/11
Debt to Equity 0.04 7/11
Burn Rate 2.03 1/11
Cash to Cap 0.04 9/11
CCR 2.55 3/11
EV to EBITDA -47.58 11/11
EV to Revenue 9.19 3/11

Company Details

Rocket Companies, Inc. engages in the tech-driven real estate, mortgage, and e-Commerce businesses in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; Rocket Auto, an automotive retail marketplace that provides centralized and virtual car sales support to online car purchasing platforms; and Rocket Loans, an online-based personal loans business. It also offer Core Digital Media, a digital social and display advertiser in the mortgage, insurance, and education sectors; Rocket Solar, which connect homeowners with digital financing solutions through a team of trained solar advisors; Truebill, a personal finance app that helps clients manage every aspect of their financial lives; Lendesk, a technology services company that provides a point of sale system for mortgage professionals and a loan origination system for private lenders; and Edison Financial, a digital mortgage broker. In addition, the company originates, closes, sells, and services agency-conforming loans. Rocket Companies, Inc. was founded in 1985 and is headquartered in Detroit, Michigan. Rocket Companies, Inc. operates as a subsidiary of Rock Holdings, Inc.

CEO: Mr. Jay D. Farner

Website: https://www.rocketcompanies.com

Address: 1050 Woodward Avenue Detroit, MI

Exchange: New York Stock Exchange

Industry: Mortgage Finance

Rocket Companies, Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Rocket Companies, Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Ocwen Financial Corporation OCN $195.9 Million
Encore Capital Group, Inc. ECPG $1.1 Billion
PennyMac Financial Services, Inc. PFSI $5.4 Billion
Security National Financial Corporation SNFCA $323.6 Million
Mr. Cooper Group Inc. COOP $6.2 Billion
Velocity Financial, Inc. VEL $680.2 Million
Guild Holdings Company GHLD $836.7 Million
loanDepot, Inc. LDI $722.7 Million
UWM Holdings Corporation UWMC $10.6 Billion
Home Point Capital Inc. HMPT $321.9 Million
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
RKT Income Statements
Quarter Year Revenue Earnings
Q3 2024 $ 646.9 Million -$513.2 Million
Q2 2024 $ 1.1 Billion $1.3 Million
Q1 2024 $ 1.2 Billion $16.2 Million
Q4 2023 $ 0 $0
Q3 2023 $ 1.2 Billion $6.2 Million
Q2 2023 $ 1.2 Billion $7.4 Million
Q1 2023 $ 627.7 Million -$411.5 Million
Q4 2022 $ 442.5 Million -$492.7 Million

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RKT Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q3 2024 $1.2 Billion $25.1 Billion $366.5 Million $16.1 Billion
Q2 2024 $1.3 Billion $23.6 Billion $13.5 Billion $8.8 Billion
Q1 2024 $893.4 Million $22.2 Billion $12.3 Billion $8.6 Billion
Q4 2023 $1.1 Billion $19.2 Billion $9.6 Billion $8.3 Billion
Q3 2023 $957.3 Million $20.6 Billion $9.4 Billion $8.5 Billion
Q2 2023 $882.8 Million $20.9 Billion $9.7 Billion $590.7 Million
Q1 2023 $893.4 Million $21.2 Billion $10.2 Billion $575.7 Million
Q4 2022 $722.3 Million $20.1 Billion $8.7 Billion $576.7 Million

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RKT Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q3 2024 -$1.3 Billion $30.0 Million -$88.7 Million
Q2 2024 -$138.4 Million -$16.0 Million $443.9 Million
Q1 2024 -$3.0 Billion -$14.0 Million -$243.4 Million
Q4 2023 $1.4 Billion $540,000 $144.9 Million
Q3 2023 $195.3 Million $0 $195.3 Million
Q2 2023 $227.4 Million $0 $227.4 Million
Q1 2023 -$1.4 Billion -$27.1 Million $168.6 Million
Q4 2022 $1.2 Billion -$1.2 Million -$102.5 Million

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