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Rocket Companies (RKT) Financials

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$12.75 -0.32 (-2.45%)
Closing price 05/30/2025 03:59 PM Eastern
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$12.76 +0.01 (+0.08%)
As of 05/30/2025 07:58 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 2024 2023 2022 2021 2020 2019 2018
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018
Net Income / (Loss) Attributable to Common Shareholders		 29 -16 46 308 198 0.00 0.00
Consolidated Net Income / (Loss)		 636 -390 700 6,072 9,399 897 615
Net Income / (Loss) Continuing Operations		 636 -390 700 6,072 9,399 897 615
Total Pre-Tax Income 		668 -403 742 6,185 9,532 904 618
Total Revenue		 5,101 3,799 5,838 12,914 15,650 5,069 3,250
Net Interest Income / (Expense)		 98 121 184 169 84 116 102
Total Interest Income		 413 327 351 430 330 251 201
Loans and Leases Interest Income		 413 327 351 430 330 251 201
Total Interest Expense		 316 207 166 261 246 135 99
Long-Term Debt Interest Expense		 316 207 166 261 246 135 -
Total Non-Interest Income		 5,003 3,678 5,654 12,746 15,566 4,953 3,149
Other Service Charges		 2,569 2,313 2,332 2,966 2,875 1,687 1,409
Net Realized & Unrealized Capital Gains on Investments		 2,434 1,365 3,322 9,779 12,691 3,266 1,969
Total Non-Interest Expense		 4,433 4,202 5,097 6,730 6,118 4,165 2,632
Salaries and Employee Benefits		 2,261 2,257 2,798 3,357 3,238 2,083 1,703
Marketing Expense		 824 737 946 1,250 950 905 878
Other Operating Expenses		 1,081 945 1,105 1,818 1,670 965 -26
Depreciation Expense		 113 110 94 75 74 75 77
Amortization Expense		 154 153 154 231 186 137 -
Income Tax Expense		 32 -13 42 113 132 7.31 3.24
Net Income / (Loss) Attributable to Noncontrolling Interest		 606 -375 654 5,764 9,201 897 615
Basic Earnings per Share		 $0.21 ($0.12) $0.39 $2.36 $1.77 $0.00 $0.00
Weighted Average Basic Shares Outstanding		 141.04M 128.64M 120.58M 130.58M 111.93M 0.00 0.00
Diluted Earnings per Share		 $0.21 ($0.15) $0.28 $2.32 $1.76 $0.00 $0.00
Weighted Average Diluted Shares Outstanding		 141.04M 1.98B 1.97B 1.99B 116.24M 0.00 0.00
Weighted Average Basic & Diluted Shares Outstanding		 2.00B 1.99B 1.97B 1.97B 1.98B - -

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

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

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

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

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

Annual Metrics And Ratios for Rocket Companies

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

Metric 2024 2023 2022 2021 2020 2019 2018
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018
Growth Metrics		 - - - - - - -
Revenue Growth		 34.26% -34.93% -54.79% -17.48% 208.73% 55.95% 0.00%
EBITDA Growth		 366.88% -135.01% -86.65% -34.84% 880.81% 40.92% 0.00%
EBIT Growth		 265.81% -154.31% -88.00% -35.11% 953.87% 46.32% 0.00%
NOPAT Growth		 325.45% -140.29% -88.47% -35.40% 947.71% 45.91% 0.00%
Net Income Growth		 263.00% -155.73% -88.47% -35.40% 947.71% 45.91% 0.00%
EPS Growth		 240.00% -153.57% -87.93% 31.82% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 -2,483.09% -98.98% 39.77% 561.67% 75.96% -587.62% 0.00%
Free Cash Flow Firm Growth		 -810.73% -94.93% 19.79% 259.04% 62.82% 0.00% 0.00%
Invested Capital Growth		 29.99% -5.05% -39.63% -13.08% 85.14% 0.00% 0.00%
Revenue Q/Q Growth		 26.72% 5.94% -26.56% -20.67% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 659.49% 47.53% -61.86% -25.67% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 367.42% 39.45% -64.72% -25.83% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 463.60% 39.45% -65.99% -24.55% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 359.02% 39.99% -65.99% -24.55% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 240.00% 40.00% -63.64% -28.17% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 14.59% 269.87% -22.75% 45.52% 64.60% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.29% -36.93% -15.56% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 -2.62% -7.47% -9.69% -8.87% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - -
EBITDA Margin		 15.31% -7.70% 14.32% 48.47% 61.38% 19.32% 21.38%
EBIT Margin		 13.10% -10.60% 12.71% 47.89% 60.90% 17.84% 19.02%
Profit (Net Income) Margin		 12.47% -10.27% 11.99% 47.02% 60.06% 17.70% 18.92%
Tax Burden Percent		 95.18% 96.82% 94.34% 98.18% 98.61% 99.19% 99.48%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 4.82% 0.00% 5.66% 1.82% 1.39% 0.81% 0.52%
Return on Invested Capital (ROIC)		 3.17% -1.58% 2.87% 18.56% 34.87% 9.49% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.17% -2.71% 2.87% 18.56% 34.87% 9.49% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 4.16% -3.07% 4.81% 50.28% 130.06% 41.55% 0.00%
Return on Equity (ROE)		 7.33% -4.65% 7.68% 68.84% 164.93% 51.04% 0.00%
Cash Return on Invested Capital (CROIC)		 -22.91% 3.61% 52.29% 32.55% -24.84% -190.51% 0.00%
Operating Return on Assets (OROA)		 3.05% -2.05% 2.81% 17.59% 33.06% 4.49% 0.00%
Return on Assets (ROA)		 2.91% -1.98% 2.65% 17.27% 32.60% 4.46% 0.00%
Return on Common Equity (ROCE)		 0.56% -0.33% 0.52% 4.51% 57.90% 50.97% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 90.51% -62.42% 121.37% 912.20% 1,916.26% 25.56% 0.00%
Net Operating Profit after Tax (NOPAT)		 636 -282 700 6,072 9,399 897 615
NOPAT Margin		 12.47% -7.42% 11.99% 47.02% 60.06% 17.70% 18.92%
Net Nonoperating Expense Percent (NNEP)		 0.00% 1.14% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 60.49% 78.80% 64.12% 35.67% 26.76% 58.94% 79.42%
Operating Expenses to Revenue		 86.90% 110.60% 87.29% 52.11% 39.10% 82.16% 80.98%
Earnings before Interest and Taxes (EBIT)		 668 -403 742 6,185 9,532 904 618
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 781 -293 836 6,260 9,606 979 695
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 31.97 45.93 23.92 38.76 72.63 0.51 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 72.63 0.51 0.00
Price to Revenue (P/Rev)		 4.40 7.56 2.36 2.00 2.28 0.36 0.55
Price to Earnings (P/E)		 764.74 0.00 297.16 83.72 179.98 0.00 0.00
Dividend Yield		 0.00% 0.00% 14.43% 8.53% 0.00% 0.00% 0.00%
Earnings Yield		 0.13% 0.00% 0.34% 1.19% 0.56% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.90 2.54 1.68 1.75 1.95 0.83 0.00
Enterprise Value to Revenue (EV/Rev)		 8.46 11.68 5.27 4.13 4.35 3.10 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 55.24 0.00 36.84 8.52 7.09 16.07 0.00
Enterprise Value to EBIT (EV/EBIT)		 64.57 0.00 41.51 8.63 7.14 17.40 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 67.84 0.00 44.00 8.79 7.24 17.54 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 402.26 2.85 6.89 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 68.67 2.41 5.01 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - -
Debt to Equity		 1.51 1.10 1.17 2.12 3.44 4.38 0.00
Long-Term Debt to Equity		 1.51 1.10 1.17 2.11 3.39 4.33 0.00
Financial Leverage		 1.31 1.13 1.68 2.71 3.73 4.38 0.00
Leverage Ratio		 2.52 2.34 2.90 3.99 5.06 5.72 0.00
Compound Leverage Factor		 2.52 2.34 2.90 3.99 5.06 5.72 0.00
Debt to Total Capital		 60.11% 52.40% 53.86% 67.92% 77.48% 81.40% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.25% 1.07% 0.87% 0.00%
Long-Term Debt to Total Capital		 60.11% 52.40% 53.86% 67.67% 76.41% 80.53% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 36.79% 44.02% 43.00% 29.89% 21.12% 0.03% 0.00%
Common Equity to Total Capital		 3.10% 3.58% 3.14% 2.19% 1.40% 18.57% 0.00%
Debt to EBITDA		 17.45 -31.23 11.83 3.30 2.82 15.71 0.00
Net Debt to EBITDA		 15.80 -27.34 10.89 2.95 2.61 14.23 0.00
Long-Term Debt to EBITDA		 17.45 -31.23 11.83 3.29 2.78 15.54 0.00
Debt to NOPAT		 21.43 -32.40 14.13 3.40 2.89 17.15 0.00
Net Debt to NOPAT		 19.40 -28.37 13.01 3.04 2.67 15.53 0.00
Long-Term Debt to NOPAT		 21.43 -32.40 14.13 3.39 2.85 16.97 0.00
Noncontrolling Interest Sharing Ratio		 92.35% 92.84% 93.19% 93.45% 64.90% 0.14% 0.00%
Liquidity Ratios		 - - - - - - -
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 -4,594 646 12,756 10,648 -6,695 -18,008 0.00
Operating Cash Flow to CapEx		 -3,894.65% 182.86% 11,622.67% 6,546.51% -1,577.28% -14,288.37% 2,219.81%
Free Cash Flow to Firm to Interest Expense		 -14.56 3.13 76.66 40.78 -27.27 -133.47 0.00
Operating Cash Flow to Interest Expense		 -8.33 0.53 65.05 29.65 -6.83 -51.73 14.41
Operating Cash Flow Less CapEx to Interest Expense		 -8.55 0.24 64.49 29.20 -7.27 -52.09 13.76
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.23 0.19 0.22 0.37 0.54 0.25 0.00
Fixed Asset Turnover		 21.95 14.47 22.09 55.48 80.75 28.73 0.00
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 22,669 17,439 18,367 30,423 35,000 18,905 0.00
Invested Capital Turnover		 0.25 0.21 0.24 0.39 0.58 0.54 0.00
Increase / (Decrease) in Invested Capital		 5,229 -928 -12,056 -4,576 16,095 18,905 0.00
Enterprise Value (EV)		 43,137 44,381 30,796 53,349 68,082 15,739 0.00
Market Capitalization		 22,460 28,703 13,795 25,803 35,627 1,800 1,800
Book Value per Share		 $0.35 $0.32 $0.29 $0.34 $0.25 $35.11 $0.00
Tangible Book Value per Share		 ($0.26) ($0.31) ($0.35) ($0.32) $0.25 $35.11 $0.00
Total Capital		 22,669 17,439 18,367 30,423 35,000 18,905 0.00
Total Debt		 13,625 9,137 9,892 20,664 27,117 15,389 0.00
Total Long-Term Debt		 13,625 9,137 9,892 20,589 26,742 15,224 0.00
Net Debt		 12,336 8,001 9,103 18,452 25,063 13,934 0.00
Capital Expenditures (CapEx)		 68 60 93 118 106 49 64
Net Nonoperating Expense (NNE)		 0.00 108 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 13,625 9,137 9,892 20,664 27,117 15,389 0.00
Total Depreciation and Amortization (D&A)		 113 110 94 75 74 75 77
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.21 ($0.12) $0.39 $2.36 $1.77 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 141.04M 128.64M 120.58M 130.58M 111.93M 0.00 0.00
Adjusted Diluted Earnings per Share		 $0.21 ($0.15) $0.28 $2.32 $1.76 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 141.04M 1.98B 1.97B 1.99B 116.24M 0.00 0.00
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		 2.00B 1.99B 1.97B 1.97B 1.98B 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 636 -282 700 6,072 9,399 897 615
Normalized NOPAT Margin		 12.47% -7.42% 11.99% 47.02% 60.06% 17.70% 18.92%
Pre Tax Income Margin		 13.10% -10.60% 12.71% 47.89% 60.90% 17.84% 19.02%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 2.12 -1.95 4.46 23.68 38.82 6.70 6.22
NOPAT to Interest Expense		 2.01 -1.37 4.21 23.25 38.28 6.65 6.19
EBIT Less CapEx to Interest Expense		 1.90 -2.24 3.90 23.23 38.39 6.34 5.57
NOPAT Less CapEx to Interest Expense		 1.80 -1.66 3.65 22.80 37.85 6.29 5.54
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 14.63% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 25.39% 3.81% 14.63% 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 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 155.03% -46.23% 5.22% 107.74% 44.30% -7.07% -11.22% -75.06% -81.46% -58.43%
EBITDA Growth		 425.57% -422.67% 34.40% 184.45% 55.07% 11.25% 58.50% -135.56% -155.05% -90.97%
EBIT Growth		 377.87% -522.80% 38.79% 171.73% 51.94% 10.60% 76.23% -139.15% -159.09% -92.54%
NOPAT Growth		 481.46% -402.86% 27.86% 199.84% 51.94% 19.46% 132.87% -128.09% -140.89% -93.09%
Net Income Growth		 378.74% -518.83% 27.86% 170.65% 52.77% 19.46% 132.87% -139.70% -156.93% -93.09%
EPS Growth		 450.00% -575.00% -80.00% 168.75% 55.56% 0.00% 150.00% -140.00% -158.06% -92.59%
Operating Cash Flow Growth		 32.23% -507.26% 56.41% -126.30% 14.38% -89.12% 87.17% -115.18% -72.35% 287.38%
Free Cash Flow Firm Growth		 -704.08% -397.73% -166.43% -128.66% -93.52% -87.79% -62.12% -70.88% 115.05% 237.96%
Invested Capital Growth		 29.99% 23.52% 14.80% 5.86% -5.05% -7.33% -16.77% -14.32% -39.63% -39.08%
Revenue Q/Q Growth		 173.50% -50.26% -6.00% 99.44% -42.34% -2.67% 85.60% 38.54% -62.86% -7.02%
EBITDA Q/Q Growth		 250.25% -313.00% -32.37% 250.42% -248.91% -11.28% 142.49% 19.97% -468.73% 26.40%
EBIT Q/Q Growth		 235.72% -358.96% -35.64% 222.83% -306.51% -14.99% 133.26% 17.69% -575.22% 35.45%
NOPAT Q/Q Growth		 286.32% -295.66% -38.80% 270.97% -247.93% -17.40% 147.79% 17.69% -467.68% 61.03%
Net Income Q/Q Growth		 234.73% -370.58% -38.80% 224.93% -302.44% -17.40% 133.82% 16.48% -611.99% 61.03%
EPS Q/Q Growth		 247.37% -2,000.00% -90.91% 237.50% -300.00% -20.00% 131.25% 11.11% -550.00% 100.00%
Operating Cash Flow Q/Q Growth		 237.82% -993.25% 95.94% -316.14% 324.48% 217.01% 78.92% -209.25% -59.64% 238.07%
Free Cash Flow Firm Q/Q Growth		 4.17% -80.27% -212.97% -211.73% -52.77% -59.78% 35.03% -74.74% -10.98% 24.75%
Invested Capital Q/Q Growth		 -2.62% 6.04% 6.76% 17.91% -7.47% -1.44% -1.56% 5.76% -9.69% -11.48%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 39.80% -72.45% 16.92% 23.52% -31.18% 12.07% 13.24% -57.85% -100.13% 10.08%
EBIT Margin		 38.15% -76.87% 14.76% 21.56% -35.01% 9.78% 11.19% -62.45% -105.12% 8.21%
Profit (Net Income) Margin		 36.66% -74.41% 13.68% 21.01% -33.54% 9.55% 11.26% -61.78% -102.47% 7.43%
Tax Burden Percent		 96.10% 96.80% 92.65% 97.43% 95.80% 97.72% 100.57% 98.92% 97.47% 90.47%
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		 3.90% 0.00% 7.35% 2.57% 0.00% 2.28% -0.57% 0.00% 0.00% 9.53%
Return on Invested Capital (ROIC)		 9.32% -10.28% 3.05% 4.75% -5.20% 1.75% 1.97% -7.96% -17.61% 2.20%
ROIC Less NNEP Spread (ROIC-NNEP)		 9.32% -11.34% 3.05% 4.75% -5.86% 1.75% 1.97% -8.91% -18.52% 2.20%
Return on Net Nonoperating Assets (RNNOA)		 12.24% -16.99% 4.24% 6.61% -6.65% 2.19% 2.86% -13.41% -31.03% 4.33%
Return on Equity (ROE)		 21.56% -27.28% 7.30% 11.35% -11.85% 3.93% 4.83% -21.37% -48.64% 6.53%
Cash Return on Invested Capital (CROIC)		 -22.91% -21.87% -12.07% -4.13% 3.61% 5.23% 16.05% 12.98% 52.29% 56.24%
Operating Return on Assets (OROA)		 8.90% -13.52% 3.04% 4.49% -6.77% 1.62% 1.79% -10.31% -23.22% 2.24%
Return on Assets (ROA)		 8.55% -13.09% 2.82% 4.37% -6.48% 1.58% 1.80% -10.20% -22.64% 2.02%
Return on Common Equity (ROCE)		 1.65% -2.05% 0.53% 0.83% -0.85% 0.26% 0.32% -1.43% -3.31% 0.46%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -37.63% 53.27% 47.92% 0.00% -106.24% -113.21% -129.96% 0.00% 368.45%
Net Operating Profit after Tax (NOPAT)		 649 -348 178 291 -170 115 139 -291 -354 96
NOPAT Margin		 36.66% -53.81% 13.68% 21.01% -24.51% 9.55% 11.26% -43.72% -73.59% 7.43%
Net Nonoperating Expense Percent (NNEP)		 0.00% 1.06% 0.00% 0.00% 0.66% 0.00% 0.00% 0.95% 0.91% 0.00%
SG&A Expenses to Revenue		 43.26% 124.90% 58.76% 54.01% 90.46% 65.08% 64.55% 117.91% 144.44% 68.09%
Operating Expenses to Revenue		 61.85% 176.87% 85.24% 78.44% 135.01% 90.22% 88.81% 162.45% 205.12% 91.79%
Earnings before Interest and Taxes (EBIT)		 675 -497 192 298 -243 118 138 -416 -505 106
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 704 -469 220 325 -216 145 164 -385 -481 131
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 31.97 58.52 41.36 44.28 45.93 26.43 29.97 31.06 23.92 22.23
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 22.23
Price to Revenue (P/Rev)		 4.40 9.48 5.95 6.39 7.56 4.51 4.81 4.66 2.36 1.56
Price to Earnings (P/E)		 764.74 0.00 2,082.45 1,500.32 0.00 0.00 0.00 0.00 297.16 110.76
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 14.43% 15.98%
Earnings Yield		 0.13% 0.00% 0.05% 0.07% 0.00% 0.00% 0.00% 0.00% 0.34% 0.90%
Enterprise Value to Invested Capital (EV/IC)		 1.90 2.56 2.15 2.33 2.54 1.77 1.85 1.84 1.68 1.54
Enterprise Value to Revenue (EV/Rev)		 8.46 14.80 10.30 10.60 11.68 9.32 9.61 9.33 5.27 3.94
Enterprise Value to EBITDA (EV/EBITDA)		 55.24 0.00 99.49 114.48 0.00 0.00 0.00 0.00 36.84 14.28
Enterprise Value to EBIT (EV/EBIT)		 64.57 0.00 129.26 153.66 0.00 0.00 0.00 0.00 41.51 14.89
Enterprise Value to NOPAT (EV/NOPAT)		 67.84 0.00 134.51 153.34 0.00 0.00 0.00 0.00 44.00 15.21
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 402.26 0.00 13.46 49.69 2.85 2.23
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 68.67 32.61 10.46 13.09 2.41 2.07
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 1.51 1.79 1.49 1.39 1.10 1.22 1.29 1.40 1.17 1.28
Long-Term Debt to Equity		 1.51 1.79 1.49 1.39 1.10 1.22 1.29 1.40 1.17 1.26
Financial Leverage		 1.31 1.50 1.39 1.39 1.13 1.25 1.46 1.50 1.68 1.97
Leverage Ratio		 2.52 2.71 2.59 2.60 2.34 2.48 2.68 2.76 2.90 3.23
Compound Leverage Factor		 2.52 2.71 2.59 2.60 2.34 2.48 2.68 2.76 2.90 3.23
Debt to Total Capital		 60.11% 64.12% 59.85% 58.13% 52.40% 54.87% 56.26% 58.25% 53.86% 56.18%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.00%
Long-Term Debt to Total Capital		 60.11% 64.12% 59.85% 58.13% 52.40% 54.87% 56.26% 58.25% 53.86% 55.18%
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		 36.79% 33.08% 37.15% 38.70% 44.02% 41.89% 40.65% 38.78% 43.00% 41.07%
Common Equity to Total Capital		 3.10% 2.80% 3.00% 3.17% 3.58% 3.25% 3.09% 2.96% 3.14% 2.75%
Debt to EBITDA		 17.45 -106.93 27.70 28.59 -31.23 -18.54 -18.79 -17.88 11.83 5.21
Net Debt to EBITDA		 15.80 -97.99 24.88 26.46 -27.34 -16.76 -17.25 -16.37 10.89 4.81
Long-Term Debt to EBITDA		 17.45 -106.93 27.70 28.59 -31.23 -18.54 -18.79 -17.88 11.83 5.12
Debt to NOPAT		 21.43 -85.36 37.44 38.30 -32.40 -22.20 -22.71 -21.95 14.13 5.55
Net Debt to NOPAT		 19.40 -78.22 33.63 35.44 -28.37 -20.07 -20.85 -20.09 13.01 5.12
Long-Term Debt to NOPAT		 21.43 -85.36 37.44 38.30 -32.40 -22.20 -22.71 -21.95 14.13 5.45
Noncontrolling Interest Sharing Ratio		 92.35% 92.50% 92.73% 92.66% 92.84% 93.28% 93.43% 93.32% 93.19% 93.02%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -4,581 -4,780 -2,652 -847 758 1,606 3,992 2,956 11,702 13,145
Operating Cash Flow to CapEx		 9,844.94% -7,136.76% -763.55% -21,478.02% 0.00% 1,582.93% -1,280.20% -7,310.85% 23,589.06% 12,068.55%
Free Cash Flow to Firm to Interest Expense		 -56.53 -46.95 -32.62 -16.47 16.89 23.94 67.08 84.20 326.76 284.69
Operating Cash Flow to Interest Expense		 22.74 -13.13 -1.50 -58.56 31.04 4.90 -4.72 -37.92 34.03 65.40
Operating Cash Flow Less CapEx to Interest Expense		 22.51 -13.32 -1.70 -58.84 31.05 4.59 -5.08 -38.43 33.88 64.85
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.23 0.18 0.21 0.21 0.19 0.17 0.16 0.17 0.22 0.27
Fixed Asset Turnover		 21.95 16.57 18.45 17.69 14.47 13.51 13.76 14.54 22.09 30.09
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 22,669 23,279 21,952 20,563 17,439 18,847 19,123 19,425 18,367 20,337
Invested Capital Turnover		 0.25 0.19 0.22 0.23 0.21 0.18 0.17 0.18 0.24 0.30
Increase / (Decrease) in Invested Capital		 5,229 4,432 2,830 1,138 -928 -1,491 -3,853 -3,247 -12,056 -13,049
Enterprise Value (EV)		 43,137 59,555 47,197 47,860 44,381 33,417 35,353 35,774 30,796 31,302
Market Capitalization		 22,460 38,178 27,240 28,842 28,703 16,174 17,704 17,882 13,795 12,415
Book Value per Share		 $0.35 $0.33 $0.33 $4.76 $0.32 $0.31 $0.30 $0.29 $0.29 $0.28
Tangible Book Value per Share		 ($0.26) ($0.29) ($0.29) ($4.34) ($0.31) ($0.32) ($0.33) ($0.34) ($0.35) $0.28
Total Capital		 22,669 23,279 21,952 20,563 17,439 18,847 19,123 19,425 18,367 20,337
Total Debt		 13,625 14,926 13,138 11,954 9,137 10,340 10,758 11,316 9,892 11,426
Total Long-Term Debt		 13,625 14,926 13,138 11,954 9,137 10,340 10,758 11,316 9,892 11,222
Net Debt		 12,336 13,678 11,801 11,060 8,001 9,348 9,875 10,358 9,103 10,534
Capital Expenditures (CapEx)		 19 19 16 14 -0.54 21 22 18 5.17 25
Net Nonoperating Expense (NNE)		 0.00 133 0.00 0.00 63 0.00 0.00 120 139 0.00
Net Nonoperating Obligations (NNO)		 13,625 14,926 13,138 11,954 9,137 10,340 10,758 11,316 9,892 11,426
Total Depreciation and Amortization (D&A)		 29 29 28 27 27 28 25 31 24 24
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.24 ($0.16) $0.01 $0.12 ($0.08) $0.05 $0.06 ($0.15) ($0.14) $0.06
Adjusted Weighted Average Basic Shares Outstanding		 141.04M 141.76M 139.65M 136.99M 128.64M 129.39M 126.74M 124.73M 120.58M 119.02M
Adjusted Diluted Earnings per Share		 $0.28 ($0.19) $0.01 $0.11 ($0.08) $0.04 $0.05 ($0.16) ($0.18) $0.04
Adjusted Weighted Average Diluted Shares Outstanding		 141.04M 2.00B 139.65M 1.99B 1.98B 1.98B 1.98B 1.97B 1.97B 1.97B
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		 2.00B 1.99B 1.99B 1.99B 1.99B 1.98B 1.98B 1.98B 1.97B 1.97B
Normalized Net Operating Profit after Tax (NOPAT)		 649 -348 178 291 -170 115 97 -291 -354 96
Normalized NOPAT Margin		 36.66% -53.81% 13.68% 21.01% -24.51% 9.55% 7.84% -43.72% -73.59% 7.43%
Pre Tax Income Margin		 38.15% -76.87% 14.76% 21.56% -35.01% 9.78% 11.19% -62.45% -105.12% 8.21%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 8.33 -4.88 2.36 5.80 -5.41 1.75 2.33 -11.85 -14.11 2.30
NOPAT to Interest Expense		 8.00 -3.42 2.19 5.65 -3.79 1.71 2.34 -8.29 -9.88 2.08
EBIT Less CapEx to Interest Expense		 8.10 -5.07 2.17 5.53 -5.40 1.44 1.96 -12.37 -14.26 1.76
NOPAT Less CapEx to Interest Expense		 7.77 -3.60 1.99 5.38 -3.77 1.40 1.97 -8.81 -10.02 1.54
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		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 25.39% 17.19%

Frequently Asked Questions About Rocket Companies' Financials

When does Rocket Companies's fiscal year end?

According to the most recent income statement we have on file, Rocket Companies' financial year ends in December. Their financial 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. View Rocket Companies' forecast to see where analysts expect Rocket Companies to go next.

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 5/31/2025 by MarketBeat.com Staff
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