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Rocket Companies (RKT) Financials

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$11.54 -0.38 (-3.21%)
Closing price 05/6/2025 03:59 PM Eastern
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Annual Income Statements for Rocket Companies

Annual Income Statements for Rocket Companies

This table shows Rocket Companies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 0.00 0.00 198 308 46 -16 29
Consolidated Net Income / (Loss)		 615 897 9,399 6,072 700 -390 636
Net Income / (Loss) Continuing Operations		 615 897 9,399 6,072 700 -390 636
Total Pre-Tax Income 		618 904 9,532 6,185 742 -403 668
Total Revenue		 3,250 5,069 15,650 12,914 5,838 3,799 5,101
Net Interest Income / (Expense)		 102 116 84 169 184 121 98
Total Interest Income		 201 251 330 430 351 327 413
Loans and Leases Interest Income		 201 251 330 430 351 327 413
Total Interest Expense		 99 135 246 261 166 207 316
Long-Term Debt Interest Expense		 - 135 246 261 166 207 316
Total Non-Interest Income		 3,149 4,953 15,566 12,746 5,654 3,678 5,003
Other Service Charges		 1,409 1,687 2,875 2,966 2,332 2,313 2,569
Net Realized & Unrealized Capital Gains on Investments		 1,969 3,266 12,691 9,779 3,322 1,365 2,434
Total Non-Interest Expense		 2,632 4,165 6,118 6,730 5,097 4,202 4,433
Salaries and Employee Benefits		 1,703 2,083 3,238 3,357 2,798 2,257 2,261
Marketing Expense		 878 905 950 1,250 946 737 824
Other Operating Expenses		 -26 965 1,670 1,818 1,105 945 1,081
Depreciation Expense		 77 75 74 75 94 110 113
Amortization Expense		 - 137 186 231 154 153 154
Income Tax Expense		 3.24 7.31 132 113 42 -13 32
Net Income / (Loss) Attributable to Noncontrolling Interest		 615 897 9,201 5,764 654 -375 606
Basic Earnings per Share		 $0.00 $0.00 $1.77 $2.36 $0.39 ($0.12) $0.21
Weighted Average Basic Shares Outstanding		 0.00 0.00 111.93M 130.58M 120.58M 128.64M 141.04M
Diluted Earnings per Share		 $0.00 $0.00 $1.76 $2.32 $0.28 ($0.15) $0.21
Weighted Average Diluted Shares Outstanding		 0.00 0.00 116.24M 1.99B 1.97B 1.98B 141.04M
Weighted Average Basic & Diluted Shares Outstanding		 - - 1.98B 1.97B 1.97B 1.99B 2.00B

Quarterly Income Statements for Rocket Companies

This table shows Rocket Companies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 6.91 -18 -19 7.44 6.21 -11 16 1.30 -22 34
Consolidated Net Income / (Loss)		 96 -493 -411 139 115 -233 291 178 -481 649
Net Income / (Loss) Continuing Operations		 96 -493 -411 139 115 -233 291 178 -481 649
Total Pre-Tax Income 		106 -505 -416 138 118 -243 298 192 -497 675
Total Revenue		 1,295 481 666 1,236 1,203 694 1,384 1,301 647 1,769
Net Interest Income / (Expense)		 50 49 32 21 27 41 38 31 6.75 22
Total Interest Income		 96 85 67 81 94 86 89 112 109 103
Loans and Leases Interest Income		 96 85 67 81 94 86 89 112 109 103
Total Interest Expense		 46 36 35 60 67 45 51 81 102 81
Long-Term Debt Interest Expense		 46 36 35 60 67 45 51 81 102 81
Total Non-Interest Income		 1,245 432 634 1,215 1,176 653 1,346 1,270 640 1,747
Other Service Charges		 529 558 563 578 591 580 590 624 674 680
Net Realized & Unrealized Capital Gains on Investments		 716 -126 71 637 585 72 756 646 -34 1,067
Total Non-Interest Expense		 1,188 986 1,082 1,098 1,086 937 1,085 1,109 1,144 1,094
Salaries and Employee Benefits		 671 519 604 579 590 485 541 553 608 559
Marketing Expense		 211 175 182 219 193 143 206 211 201 206
Other Operating Expenses		 244 229 228 236 237 244 273 278 269 261
Depreciation Expense		 24 24 31 25 28 27 27 28 29 29
Amortization Expense		 38 38 38 38 38 38 38 38 39 38
Income Tax Expense		 10 -13 -4.50 -0.78 2.68 -10 7.66 14 -16 26
Net Income / (Loss) Attributable to Noncontrolling Interest		 89 -475 -393 132 109 -222 274 177 -459 615
Basic Earnings per Share		 $0.06 ($0.14) ($0.15) $0.06 $0.05 ($0.08) $0.12 $0.01 ($0.16) $0.24
Weighted Average Basic Shares Outstanding		 119.02M 120.58M 124.73M 126.74M 129.39M 128.64M 136.99M 139.65M 141.76M 141.04M
Diluted Earnings per Share		 $0.04 ($0.18) ($0.16) $0.05 $0.04 ($0.08) $0.11 $0.01 ($0.19) $0.28
Weighted Average Diluted Shares Outstanding		 1.97B 1.97B 1.97B 1.98B 1.98B 1.98B 1.99B 139.65M 2.00B 141.04M
Weighted Average Basic & Diluted Shares Outstanding		 1.97B 1.97B 1.98B 1.98B 1.98B 1.99B 1.99B 1.99B 1.99B 2.00B

Annual Cash Flow Statements for Rocket Companies

This table details how cash moves in and out of Rocket Companies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -337 319 598 157 -1,422 348 152
Net Cash From Operating Activities		 1,431 -6,979 -1,677 7,744 10,823 110 -2,629
Net Cash From Continuing Operating Activities		 1,431 -6,979 -1,677 7,744 10,823 110 -2,629
Net Income / (Loss) Continuing Operations		 615 897 9,399 6,072 700 -390 636
Consolidated Net Income / (Loss)		 615 897 9,399 6,072 700 -390 636
Depreciation Expense		 77 75 74 75 94 110 113
Non-Cash Adjustments to Reconcile Net Income		 853 -7,986 -11,008 1,460 10,509 563 -3,511
Changes in Operating Assets and Liabilities, net		 -113 35 -143 137 -479 -173 133
Net Cash From Investing Activities		 -94 72 517 -665 579 861 -495
Net Cash From Continuing Investing Activities		 -94 72 517 -665 579 861 -495
Purchase of Property, Leasehold Improvements and Equipment		 -64 -49 -106 -118 -93 -60 -68
Purchase of Investment Securities		 -29 -19 -2.50 -1,295 0.00 -5.47 0.00
Sale and/or Maturity of Investments		 0.00 137 566 933 687 1,028 310
Other Investing Activities, net		 -1.34 2.83 61 -185 -15 -101 -738
Net Cash From Financing Activities		 -1,673 7,225 1,758 -6,921 -12,824 -624 3,279
Net Cash From Continuing Financing Activities		 -1,673 7,225 1,758 -6,921 -12,824 -624 3,279
Issuance of Debt		 88 7,111 8,299 3,567 -9,202 -181 3,432
Issuance of Common Equity		 0.00 0.00 1,751 42 38 25 41
Repayment of Debt		 -1,054 0.00 -1,286 -6,314 -1,299 -470 -110
Repurchase of Common Equity		 0.00 0.00 0.00 -232 -178 0.00 0.00
Other Financing Activities, Net		 -707 114 -5,631 -3,985 -2,183 2.37 -83
Effect of Exchange Rate Changes		 -1.06 0.88 0.89 -0.12 -0.95 -0.19 -1.36
Cash Interest Paid		 208 256 367 423 321 379 479
Cash Income Taxes Paid		 0.52 11 56 77 13 -0.86 5.66

Quarterly Cash Flow Statements for Rocket Companies

This table details how cash moves in and out of Rocket Companies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 -92 -103 169 -40 74 145 -243 444 -89 41
Net Cash From Operating Activities		 3,020 1,219 -1,331 -281 328 1,394 -3,013 -122 -1,337 1,843
Net Cash From Continuing Operating Activities		 3,020 1,219 -1,331 -281 328 1,394 -3,013 -122 -1,337 1,843
Net Income / (Loss) Continuing Operations		 96 -493 -411 139 115 -233 291 178 -481 649
Consolidated Net Income / (Loss)		 96 -493 -411 139 115 -233 291 178 -481 649
Depreciation Expense		 24 24 31 25 28 27 27 28 29 29
Non-Cash Adjustments to Reconcile Net Income		 2,498 2,500 -876 -417 -56 1,912 -3,322 -334 -1,047 1,193
Changes in Operating Assets and Liabilities, net		 401 -813 -75 -28 242 -312 -8.00 5.72 163 -27
Net Cash From Investing Activities		 -26 197 64 577 97 122 35 -261 -234 -36
Net Cash From Continuing Investing Activities		 -26 197 64 577 97 122 35 -261 -234 -36
Purchase of Property, Leasehold Improvements and Equipment		 -25 -5.17 -18 -22 -21 0.54 -14 -16 -19 -19
Sale and/or Maturity of Investments		 0.86 198 91 596 225 116 67 69 95 79
Other Investing Activities, net		 -2.19 4.00 -3.29 3.84 -107 5.17 -17 -314 -310 -96
Net Cash From Financing Activities		 -3,085 -1,518 1,436 -337 -352 -1,371 2,734 827 1,483 -1,765
Net Cash From Continuing Financing Activities		 -3,085 -1,518 1,436 -337 -352 -1,371 2,734 827 1,483 -1,765
Issuance of Debt		 0.18 -9,203 1,688 -347 -219 -1,303 2,778 877 1,528 -1,751
Issuance of Common Equity		 6.43 6.44 6.12 6.13 7.23 5.40 5.40 6.66 21 7.32
Repayment of Debt		 -3,077 7,701 -249 -63 -104 -54 -31 -37 -28 -14
Other Financing Activities, Net		 6.53 -9.82 -6.99 65 -36 -19 -17 -21 -38 -7.69
Effect of Exchange Rate Changes		 -0.99 0.13 0.01 -0.16 0.16 -0.20 0.31 0.21 -0.36 -1.53

Annual Balance Sheets for Rocket Companies

This table presents Rocket Companies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 20,123 37,535 32,775 20,082 19,232 24,510
Cash and Due from Banks		 1,395 1,971 2,131 722 1,108 1,273
Restricted Cash		 61 83 80 67 28 16
Trading Account Securities		 13,276 22,865 19,324 7,343 6,542 9,020
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00
Customer and Other Receivables		 90 22 9.75 11 20 14
Premises and Equipment, Net		 176 211 254 274 251 214
Goodwill		 - - 1,297 1,259 1,237 1,228
Other Assets		 5,125 12,382 9,679 10,293 9,886 12,553
Total Liabilities & Shareholders' Equity		 20,123 37,535 32,775 20,082 19,232 24,510
Total Liabilities		 16,607 29,652 23,015 11,607 10,930 15,467
Other Short-Term Payables		 220 326 305 116 171 182
Long-Term Debt		 15,224 26,742 20,589 9,892 9,137 13,625
Other Long-Term Liabilities		 1,042 2,209 2,046 1,598 1,621 1,649
Total Equity & Noncontrolling Interests		 3,516 7,882 9,760 8,476 8,302 9,043
Total Preferred & Common Equity		 3,511 491 666 577 625 703
Total Common Equity		 3,511 491 666 577 625 703
Common Stock		 0.00 283 288 276 341 390
Retained Earnings		 0.00 207 378 300 284 313
Accumulated Other Comprehensive Income / (Loss)		 -0.15 0.32 0.08 0.07 0.05 -0.05
Noncontrolling Interest		 5.01 7,392 9,094 7,899 7,677 8,341

Quarterly Balance Sheets for Rocket Companies

This table presents Rocket Companies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 22,601 21,202 20,856 20,649 22,219 23,649 25,118
Cash and Due from Banks		 826 893 883 957 861 1,309 1,228
Restricted Cash		 66 64 - 35 32 28 20
Trading Account Securities		 9,123 8,439 8,444 8,013 9,416 9,487 10,978
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Customer and Other Receivables		 11 8.07 - - 19 14 15
Premises and Equipment, Net		 274 267 263 256 243 233 229
Goodwill		 - 1,253 1,248 1,242 1,246 1,240 1,234
Other Assets		 12,300 10,277 9,982 10,407 10,198 11,154 11,177
Total Liabilities & Shareholders' Equity		 22,601 21,202 20,856 20,649 22,219 23,649 25,118
Total Liabilities		 13,689 13,093 12,491 12,142 13,610 14,835 16,766
Other Short-Term Payables		 30 165 157 200 189 206 176
Long-Term Debt		 11,222 11,316 10,758 10,340 11,954 13,138 14,926
Other Long-Term Liabilities		 2,233 1,612 1,589 1,586 1,467 1,491 1,663
Total Equity & Noncontrolling Interests		 8,911 8,109 8,365 8,506 8,609 8,814 8,352
Total Preferred & Common Equity		 559 576 591 612 651 659 652
Total Common Equity		 559 576 591 612 651 659 652
Common Stock		 242 295 302 317 351 358 373
Retained Earnings		 316 281 289 295 300 301 279
Accumulated Other Comprehensive Income / (Loss)		 0.06 -0.03 0.06 0.07 0.07 0.09 0.06
Noncontrolling Interest		 8,353 7,534 7,774 7,895 7,958 8,155 7,700

Annual Metrics and Ratios for Rocket Companies

This table displays calculated financial ratios and metrics derived from Rocket Companies' official financial filings.

Metric 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - -
Revenue Growth		 0.00% 55.95% 208.73% -17.48% -54.79% -34.93% 34.26%
EBITDA Growth		 0.00% 40.92% 880.81% -34.84% -86.65% -135.01% 366.88%
EBIT Growth		 0.00% 46.32% 953.87% -35.11% -88.00% -154.31% 265.81%
NOPAT Growth		 0.00% 45.91% 947.71% -35.40% -88.47% -140.29% 325.45%
Net Income Growth		 0.00% 45.91% 947.71% -35.40% -88.47% -155.73% 263.00%
EPS Growth		 0.00% 0.00% 0.00% 31.82% -87.93% -153.57% 240.00%
Operating Cash Flow Growth		 0.00% -587.62% 75.96% 561.67% 39.77% -98.98% -2,483.09%
Free Cash Flow Firm Growth		 0.00% 0.00% 62.82% 259.04% 19.79% -94.93% -810.73%
Invested Capital Growth		 0.00% 0.00% 85.14% -13.08% -39.63% -5.05% 29.99%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% -20.67% -26.56% 5.94% 26.72%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% -25.67% -61.86% 47.53% 659.49%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% -25.83% -64.72% 39.45% 367.42%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% -24.55% -65.99% 39.45% 463.60%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% -24.55% -65.99% 39.99% 359.02%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -28.17% -63.64% 40.00% 240.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 64.60% 45.52% -22.75% 269.87% 14.59%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -15.56% -36.93% 0.29%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% -8.87% -9.69% -7.47% -2.62%
Profitability Metrics		 - - - - - - -
EBITDA Margin		 21.38% 19.32% 61.38% 48.47% 14.32% -7.70% 15.31%
EBIT Margin		 19.02% 17.84% 60.90% 47.89% 12.71% -10.60% 13.10%
Profit (Net Income) Margin		 18.92% 17.70% 60.06% 47.02% 11.99% -10.27% 12.47%
Tax Burden Percent		 99.48% 99.19% 98.61% 98.18% 94.34% 96.82% 95.18%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.52% 0.81% 1.39% 1.82% 5.66% 0.00% 4.82%
Return on Invested Capital (ROIC)		 0.00% 9.49% 34.87% 18.56% 2.87% -1.58% 3.17%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 9.49% 34.87% 18.56% 2.87% -2.71% 3.17%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 41.55% 130.06% 50.28% 4.81% -3.07% 4.16%
Return on Equity (ROE)		 0.00% 51.04% 164.93% 68.84% 7.68% -4.65% 7.33%
Cash Return on Invested Capital (CROIC)		 0.00% -190.51% -24.84% 32.55% 52.29% 3.61% -22.91%
Operating Return on Assets (OROA)		 0.00% 4.49% 33.06% 17.59% 2.81% -2.05% 3.05%
Return on Assets (ROA)		 0.00% 4.46% 32.60% 17.27% 2.65% -1.98% 2.91%
Return on Common Equity (ROCE)		 0.00% 50.97% 57.90% 4.51% 0.52% -0.33% 0.56%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 25.56% 1,916.26% 912.20% 121.37% -62.42% 90.51%
Net Operating Profit after Tax (NOPAT)		 615 897 9,399 6,072 700 -282 636
NOPAT Margin		 18.92% 17.70% 60.06% 47.02% 11.99% -7.42% 12.47%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 1.14% 0.00%
SG&A Expenses to Revenue		 79.42% 58.94% 26.76% 35.67% 64.12% 78.80% 60.49%
Operating Expenses to Revenue		 80.98% 82.16% 39.10% 52.11% 87.29% 110.60% 86.90%
Earnings before Interest and Taxes (EBIT)		 618 904 9,532 6,185 742 -403 668
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 695 979 9,606 6,260 836 -293 781
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 0.00 0.51 72.63 38.76 23.92 45.93 31.97
Price to Tangible Book Value (P/TBV)		 0.00 0.51 72.63 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.55 0.36 2.28 2.00 2.36 7.56 4.40
Price to Earnings (P/E)		 0.00 0.00 179.98 83.72 297.16 0.00 764.74
Dividend Yield		 0.00% 0.00% 0.00% 8.53% 14.43% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.56% 1.19% 0.34% 0.00% 0.13%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.83 1.95 1.75 1.68 2.54 1.90
Enterprise Value to Revenue (EV/Rev)		 0.00 3.10 4.35 4.13 5.27 11.68 8.46
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 16.07 7.09 8.52 36.84 0.00 55.24
Enterprise Value to EBIT (EV/EBIT)		 0.00 17.40 7.14 8.63 41.51 0.00 64.57
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 17.54 7.24 8.79 44.00 0.00 67.84
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 6.89 2.85 402.26 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 5.01 2.41 68.67 0.00
Leverage & Solvency		 - - - - - - -
Debt to Equity		 0.00 4.38 3.44 2.12 1.17 1.10 1.51
Long-Term Debt to Equity		 0.00 4.33 3.39 2.11 1.17 1.10 1.51
Financial Leverage		 0.00 4.38 3.73 2.71 1.68 1.13 1.31
Leverage Ratio		 0.00 5.72 5.06 3.99 2.90 2.34 2.52
Compound Leverage Factor		 0.00 5.72 5.06 3.99 2.90 2.34 2.52
Debt to Total Capital		 0.00% 81.40% 77.48% 67.92% 53.86% 52.40% 60.11%
Short-Term Debt to Total Capital		 0.00% 0.87% 1.07% 0.25% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 80.53% 76.41% 67.67% 53.86% 52.40% 60.11%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.03% 21.12% 29.89% 43.00% 44.02% 36.79%
Common Equity to Total Capital		 0.00% 18.57% 1.40% 2.19% 3.14% 3.58% 3.10%
Debt to EBITDA		 0.00 15.71 2.82 3.30 11.83 -31.23 17.45
Net Debt to EBITDA		 0.00 14.23 2.61 2.95 10.89 -27.34 15.80
Long-Term Debt to EBITDA		 0.00 15.54 2.78 3.29 11.83 -31.23 17.45
Debt to NOPAT		 0.00 17.15 2.89 3.40 14.13 -32.40 21.43
Net Debt to NOPAT		 0.00 15.53 2.67 3.04 13.01 -28.37 19.40
Long-Term Debt to NOPAT		 0.00 16.97 2.85 3.39 14.13 -32.40 21.43
Noncontrolling Interest Sharing Ratio		 0.00% 0.14% 64.90% 93.45% 93.19% 92.84% 92.35%
Liquidity Ratios		 - - - - - - -
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -18,008 -6,695 10,648 12,756 646 -4,594
Operating Cash Flow to CapEx		 2,219.81% -14,288.37% -1,577.28% 6,546.51% 11,622.67% 182.86% -3,894.65%
Free Cash Flow to Firm to Interest Expense		 0.00 -133.47 -27.27 40.78 76.66 3.13 -14.56
Operating Cash Flow to Interest Expense		 14.41 -51.73 -6.83 29.65 65.05 0.53 -8.33
Operating Cash Flow Less CapEx to Interest Expense		 13.76 -52.09 -7.27 29.20 64.49 0.24 -8.55
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.00 0.25 0.54 0.37 0.22 0.19 0.23
Fixed Asset Turnover		 0.00 28.73 80.75 55.48 22.09 14.47 21.95
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.00 18,905 35,000 30,423 18,367 17,439 22,669
Invested Capital Turnover		 0.00 0.54 0.58 0.39 0.24 0.21 0.25
Increase / (Decrease) in Invested Capital		 0.00 18,905 16,095 -4,576 -12,056 -928 5,229
Enterprise Value (EV)		 0.00 15,739 68,082 53,349 30,796 44,381 43,137
Market Capitalization		 1,800 1,800 35,627 25,803 13,795 28,703 22,460
Book Value per Share		 $0.00 $35.11 $0.25 $0.34 $0.29 $0.32 $0.35
Tangible Book Value per Share		 $0.00 $35.11 $0.25 ($0.32) ($0.35) ($0.31) ($0.26)
Total Capital		 0.00 18,905 35,000 30,423 18,367 17,439 22,669
Total Debt		 0.00 15,389 27,117 20,664 9,892 9,137 13,625
Total Long-Term Debt		 0.00 15,224 26,742 20,589 9,892 9,137 13,625
Net Debt		 0.00 13,934 25,063 18,452 9,103 8,001 12,336
Capital Expenditures (CapEx)		 64 49 106 118 93 60 68
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 108 0.00
Net Nonoperating Obligations (NNO)		 0.00 15,389 27,117 20,664 9,892 9,137 13,625
Total Depreciation and Amortization (D&A)		 77 75 74 75 94 110 113
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $1.77 $2.36 $0.39 ($0.12) $0.21
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 111.93M 130.58M 120.58M 128.64M 141.04M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $1.76 $2.32 $0.28 ($0.15) $0.21
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 116.24M 1.99B 1.97B 1.98B 141.04M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 1.98B 1.97B 1.97B 1.99B 2.00B
Normalized Net Operating Profit after Tax (NOPAT)		 615 897 9,399 6,072 700 -282 636
Normalized NOPAT Margin		 18.92% 17.70% 60.06% 47.02% 11.99% -7.42% 12.47%
Pre Tax Income Margin		 19.02% 17.84% 60.90% 47.89% 12.71% -10.60% 13.10%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 6.22 6.70 38.82 23.68 4.46 -1.95 2.12
NOPAT to Interest Expense		 6.19 6.65 38.28 23.25 4.21 -1.37 2.01
EBIT Less CapEx to Interest Expense		 5.57 6.34 38.39 23.23 3.90 -2.24 1.90
NOPAT Less CapEx to Interest Expense		 5.54 6.29 37.85 22.80 3.65 -1.66 1.80
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 14.63% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 14.63% 3.81% 25.39% 0.00% 0.00%

Quarterly Metrics and Ratios for Rocket Companies

This table displays calculated financial ratios and metrics derived from Rocket Companies' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -58.43% -81.46% -75.06% -11.22% -7.07% 44.30% 107.74% 5.22% -46.23% 155.03%
EBITDA Growth		 -90.97% -155.05% -135.56% 58.50% 11.25% 55.07% 184.45% 34.40% -422.67% 425.57%
EBIT Growth		 -92.54% -159.09% -139.15% 76.23% 10.60% 51.94% 171.73% 38.79% -522.80% 377.87%
NOPAT Growth		 -93.09% -140.89% -128.09% 132.87% 19.46% 51.94% 199.84% 27.86% -402.86% 481.46%
Net Income Growth		 -93.09% -156.93% -139.70% 132.87% 19.46% 52.77% 170.65% 27.86% -518.83% 378.74%
EPS Growth		 -92.59% -158.06% -140.00% 150.00% 0.00% 55.56% 168.75% -80.00% -575.00% 450.00%
Operating Cash Flow Growth		 287.38% -72.35% -115.18% 87.17% -89.12% 14.38% -126.30% 56.41% -507.26% 32.23%
Free Cash Flow Firm Growth		 237.96% 115.05% -70.88% -62.12% -87.79% -93.52% -128.66% -166.43% -397.73% -704.08%
Invested Capital Growth		 -39.08% -39.63% -14.32% -16.77% -7.33% -5.05% 5.86% 14.80% 23.52% 29.99%
Revenue Q/Q Growth		 -7.02% -62.86% 38.54% 85.60% -2.67% -42.34% 99.44% -6.00% -50.26% 173.50%
EBITDA Q/Q Growth		 26.40% -468.73% 19.97% 142.49% -11.28% -248.91% 250.42% -32.37% -313.00% 250.25%
EBIT Q/Q Growth		 35.45% -575.22% 17.69% 133.26% -14.99% -306.51% 222.83% -35.64% -358.96% 235.72%
NOPAT Q/Q Growth		 61.03% -467.68% 17.69% 147.79% -17.40% -247.93% 270.97% -38.80% -295.66% 286.32%
Net Income Q/Q Growth		 61.03% -611.99% 16.48% 133.82% -17.40% -302.44% 224.93% -38.80% -370.58% 234.73%
EPS Q/Q Growth		 100.00% -550.00% 11.11% 131.25% -20.00% -300.00% 237.50% -90.91% -2,000.00% 247.37%
Operating Cash Flow Q/Q Growth		 238.07% -59.64% -209.25% 78.92% 217.01% 324.48% -316.14% 95.94% -993.25% 237.82%
Free Cash Flow Firm Q/Q Growth		 24.75% -10.98% -74.74% 35.03% -59.78% -52.77% -211.73% -212.97% -80.27% 4.17%
Invested Capital Q/Q Growth		 -11.48% -9.69% 5.76% -1.56% -1.44% -7.47% 17.91% 6.76% 6.04% -2.62%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 10.08% -100.13% -57.85% 13.24% 12.07% -31.18% 23.52% 16.92% -72.45% 39.80%
EBIT Margin		 8.21% -105.12% -62.45% 11.19% 9.78% -35.01% 21.56% 14.76% -76.87% 38.15%
Profit (Net Income) Margin		 7.43% -102.47% -61.78% 11.26% 9.55% -33.54% 21.01% 13.68% -74.41% 36.66%
Tax Burden Percent		 90.47% 97.47% 98.92% 100.57% 97.72% 95.80% 97.43% 92.65% 96.80% 96.10%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 9.53% 0.00% 0.00% -0.57% 2.28% 0.00% 2.57% 7.35% 0.00% 3.90%
Return on Invested Capital (ROIC)		 2.20% -17.61% -7.96% 1.97% 1.75% -5.20% 4.75% 3.05% -10.28% 9.32%
ROIC Less NNEP Spread (ROIC-NNEP)		 2.20% -18.52% -8.91% 1.97% 1.75% -5.86% 4.75% 3.05% -11.34% 9.32%
Return on Net Nonoperating Assets (RNNOA)		 4.33% -31.03% -13.41% 2.86% 2.19% -6.65% 6.61% 4.24% -16.99% 12.24%
Return on Equity (ROE)		 6.53% -48.64% -21.37% 4.83% 3.93% -11.85% 11.35% 7.30% -27.28% 21.56%
Cash Return on Invested Capital (CROIC)		 56.24% 52.29% 12.98% 16.05% 5.23% 3.61% -4.13% -12.07% -21.87% -22.91%
Operating Return on Assets (OROA)		 2.24% -23.22% -10.31% 1.79% 1.62% -6.77% 4.49% 3.04% -13.52% 8.90%
Return on Assets (ROA)		 2.02% -22.64% -10.20% 1.80% 1.58% -6.48% 4.37% 2.82% -13.09% 8.55%
Return on Common Equity (ROCE)		 0.46% -3.31% -1.43% 0.32% 0.26% -0.85% 0.83% 0.53% -2.05% 1.65%
Return on Equity Simple (ROE_SIMPLE)		 368.45% 0.00% -129.96% -113.21% -106.24% 0.00% 47.92% 53.27% -37.63% 0.00%
Net Operating Profit after Tax (NOPAT)		 96 -354 -291 139 115 -170 291 178 -348 649
NOPAT Margin		 7.43% -73.59% -43.72% 11.26% 9.55% -24.51% 21.01% 13.68% -53.81% 36.66%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.91% 0.95% 0.00% 0.00% 0.66% 0.00% 0.00% 1.06% 0.00%
SG&A Expenses to Revenue		 68.09% 144.44% 117.91% 64.55% 65.08% 90.46% 54.01% 58.76% 124.90% 43.26%
Operating Expenses to Revenue		 91.79% 205.12% 162.45% 88.81% 90.22% 135.01% 78.44% 85.24% 176.87% 61.85%
Earnings before Interest and Taxes (EBIT)		 106 -505 -416 138 118 -243 298 192 -497 675
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 131 -481 -385 164 145 -216 325 220 -469 704
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 22.23 23.92 31.06 29.97 26.43 45.93 44.28 41.36 58.52 31.97
Price to Tangible Book Value (P/TBV)		 22.23 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 1.56 2.36 4.66 4.81 4.51 7.56 6.39 5.95 9.48 4.40
Price to Earnings (P/E)		 110.76 297.16 0.00 0.00 0.00 0.00 1,500.32 2,082.45 0.00 764.74
Dividend Yield		 15.98% 14.43% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.90% 0.34% 0.00% 0.00% 0.00% 0.00% 0.07% 0.05% 0.00% 0.13%
Enterprise Value to Invested Capital (EV/IC)		 1.54 1.68 1.84 1.85 1.77 2.54 2.33 2.15 2.56 1.90
Enterprise Value to Revenue (EV/Rev)		 3.94 5.27 9.33 9.61 9.32 11.68 10.60 10.30 14.80 8.46
Enterprise Value to EBITDA (EV/EBITDA)		 14.28 36.84 0.00 0.00 0.00 0.00 114.48 99.49 0.00 55.24
Enterprise Value to EBIT (EV/EBIT)		 14.89 41.51 0.00 0.00 0.00 0.00 153.66 129.26 0.00 64.57
Enterprise Value to NOPAT (EV/NOPAT)		 15.21 44.00 0.00 0.00 0.00 0.00 153.34 134.51 0.00 67.84
Enterprise Value to Operating Cash Flow (EV/OCF)		 2.23 2.85 49.69 13.46 0.00 402.26 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 2.07 2.41 13.09 10.46 32.61 68.67 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 1.28 1.17 1.40 1.29 1.22 1.10 1.39 1.49 1.79 1.51
Long-Term Debt to Equity		 1.26 1.17 1.40 1.29 1.22 1.10 1.39 1.49 1.79 1.51
Financial Leverage		 1.97 1.68 1.50 1.46 1.25 1.13 1.39 1.39 1.50 1.31
Leverage Ratio		 3.23 2.90 2.76 2.68 2.48 2.34 2.60 2.59 2.71 2.52
Compound Leverage Factor		 3.23 2.90 2.76 2.68 2.48 2.34 2.60 2.59 2.71 2.52
Debt to Total Capital		 56.18% 53.86% 58.25% 56.26% 54.87% 52.40% 58.13% 59.85% 64.12% 60.11%
Short-Term Debt to Total Capital		 1.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 55.18% 53.86% 58.25% 56.26% 54.87% 52.40% 58.13% 59.85% 64.12% 60.11%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 41.07% 43.00% 38.78% 40.65% 41.89% 44.02% 38.70% 37.15% 33.08% 36.79%
Common Equity to Total Capital		 2.75% 3.14% 2.96% 3.09% 3.25% 3.58% 3.17% 3.00% 2.80% 3.10%
Debt to EBITDA		 5.21 11.83 -17.88 -18.79 -18.54 -31.23 28.59 27.70 -106.93 17.45
Net Debt to EBITDA		 4.81 10.89 -16.37 -17.25 -16.76 -27.34 26.46 24.88 -97.99 15.80
Long-Term Debt to EBITDA		 5.12 11.83 -17.88 -18.79 -18.54 -31.23 28.59 27.70 -106.93 17.45
Debt to NOPAT		 5.55 14.13 -21.95 -22.71 -22.20 -32.40 38.30 37.44 -85.36 21.43
Net Debt to NOPAT		 5.12 13.01 -20.09 -20.85 -20.07 -28.37 35.44 33.63 -78.22 19.40
Long-Term Debt to NOPAT		 5.45 14.13 -21.95 -22.71 -22.20 -32.40 38.30 37.44 -85.36 21.43
Noncontrolling Interest Sharing Ratio		 93.02% 93.19% 93.32% 93.43% 93.28% 92.84% 92.66% 92.73% 92.50% 92.35%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 13,145 11,702 2,956 3,992 1,606 758 -847 -2,652 -4,780 -4,581
Operating Cash Flow to CapEx		 12,068.55% 23,589.06% -7,310.85% -1,280.20% 1,582.93% 0.00% -21,478.02% -763.55% -7,136.76% 9,844.94%
Free Cash Flow to Firm to Interest Expense		 284.69 326.76 84.20 67.08 23.94 16.89 -16.47 -32.62 -46.95 -56.53
Operating Cash Flow to Interest Expense		 65.40 34.03 -37.92 -4.72 4.90 31.04 -58.56 -1.50 -13.13 22.74
Operating Cash Flow Less CapEx to Interest Expense		 64.85 33.88 -38.43 -5.08 4.59 31.05 -58.84 -1.70 -13.32 22.51
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.27 0.22 0.17 0.16 0.17 0.19 0.21 0.21 0.18 0.23
Fixed Asset Turnover		 30.09 22.09 14.54 13.76 13.51 14.47 17.69 18.45 16.57 21.95
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 20,337 18,367 19,425 19,123 18,847 17,439 20,563 21,952 23,279 22,669
Invested Capital Turnover		 0.30 0.24 0.18 0.17 0.18 0.21 0.23 0.22 0.19 0.25
Increase / (Decrease) in Invested Capital		 -13,049 -12,056 -3,247 -3,853 -1,491 -928 1,138 2,830 4,432 5,229
Enterprise Value (EV)		 31,302 30,796 35,774 35,353 33,417 44,381 47,860 47,197 59,555 43,137
Market Capitalization		 12,415 13,795 17,882 17,704 16,174 28,703 28,842 27,240 38,178 22,460
Book Value per Share		 $0.28 $0.29 $0.29 $0.30 $0.31 $0.32 $4.76 $0.33 $0.33 $0.35
Tangible Book Value per Share		 $0.28 ($0.35) ($0.34) ($0.33) ($0.32) ($0.31) ($4.34) ($0.29) ($0.29) ($0.26)
Total Capital		 20,337 18,367 19,425 19,123 18,847 17,439 20,563 21,952 23,279 22,669
Total Debt		 11,426 9,892 11,316 10,758 10,340 9,137 11,954 13,138 14,926 13,625
Total Long-Term Debt		 11,222 9,892 11,316 10,758 10,340 9,137 11,954 13,138 14,926 13,625
Net Debt		 10,534 9,103 10,358 9,875 9,348 8,001 11,060 11,801 13,678 12,336
Capital Expenditures (CapEx)		 25 5.17 18 22 21 -0.54 14 16 19 19
Net Nonoperating Expense (NNE)		 0.00 139 120 0.00 0.00 63 0.00 0.00 133 0.00
Net Nonoperating Obligations (NNO)		 11,426 9,892 11,316 10,758 10,340 9,137 11,954 13,138 14,926 13,625
Total Depreciation and Amortization (D&A)		 24 24 31 25 28 27 27 28 29 29
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.06 ($0.14) ($0.15) $0.06 $0.05 ($0.08) $0.12 $0.01 ($0.16) $0.24
Adjusted Weighted Average Basic Shares Outstanding		 119.02M 120.58M 124.73M 126.74M 129.39M 128.64M 136.99M 139.65M 141.76M 141.04M
Adjusted Diluted Earnings per Share		 $0.04 ($0.18) ($0.16) $0.05 $0.04 ($0.08) $0.11 $0.01 ($0.19) $0.28
Adjusted Weighted Average Diluted Shares Outstanding		 1.97B 1.97B 1.97B 1.98B 1.98B 1.98B 1.99B 139.65M 2.00B 141.04M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 1.97B 1.97B 1.98B 1.98B 1.98B 1.99B 1.99B 1.99B 1.99B 2.00B
Normalized Net Operating Profit after Tax (NOPAT)		 96 -354 -291 97 115 -170 291 178 -348 649
Normalized NOPAT Margin		 7.43% -73.59% -43.72% 7.84% 9.55% -24.51% 21.01% 13.68% -53.81% 36.66%
Pre Tax Income Margin		 8.21% -105.12% -62.45% 11.19% 9.78% -35.01% 21.56% 14.76% -76.87% 38.15%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 2.30 -14.11 -11.85 2.33 1.75 -5.41 5.80 2.36 -4.88 8.33
NOPAT to Interest Expense		 2.08 -9.88 -8.29 2.34 1.71 -3.79 5.65 2.19 -3.42 8.00
EBIT Less CapEx to Interest Expense		 1.76 -14.26 -12.37 1.96 1.44 -5.40 5.53 2.17 -5.07 8.10
NOPAT Less CapEx to Interest Expense		 1.54 -10.02 -8.81 1.97 1.40 -3.77 5.38 1.99 -3.60 7.77
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 17.19% 25.39% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Frequently Asked Questions About Rocket Companies' Financials

When does Rocket Companies's financial year end?

According to the most recent income statement we have on file, Rocket Companies' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Rocket Companies' net income changed over the last 6 years?

Rocket Companies' net income appears to be on a downward trend, with a most recent value of $635.83 million in 2024, rising from $614.86 million in 2018. The previous period was -$390.08 million in 2023. See where experts think Rocket Companies is headed by visiting Rocket Companies' forecast page.

How has Rocket Companies revenue changed over the last 6 years?

Over the last 6 years, Rocket Companies' total revenue changed from $3.25 billion in 2018 to $5.10 billion in 2024, a change of 56.9%.

How much debt does Rocket Companies have?

Rocket Companies' total liabilities were at $15.47 billion at the end of 2024, a 41.5% increase from 2023, and a 6.9% decrease since 2019.

How much cash does Rocket Companies have?

In the past 5 years, Rocket Companies' cash and equivalents has ranged from $722.29 million in 2022 to $2.13 billion in 2021, and is currently $1.27 billion as of their latest financial filing in 2024.

How has Rocket Companies' book value per share changed over the last 6 years?

Over the last 6 years, Rocket Companies' book value per share changed from 0.00 in 2018 to 0.35 in 2024, a change of 35.2%.


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This page (NYSE:RKT) was last updated on 5/7/2025 by MarketBeat.com Staff
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