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.
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 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
-18 |
-19 |
7.44 |
6.21 |
-11 |
16 |
1.30 |
-22 |
34 |
-10 |
-1.79 |
Consolidated Net Income / (Loss) |
|
-493 |
-411 |
139 |
115 |
-233 |
291 |
178 |
-481 |
649 |
-212 |
34 |
Net Income / (Loss) Continuing Operations |
|
-493 |
-411 |
139 |
115 |
-233 |
291 |
178 |
-481 |
649 |
-212 |
34 |
Total Pre-Tax Income |
|
-505 |
-416 |
138 |
118 |
-243 |
298 |
192 |
-497 |
675 |
-223 |
24 |
Total Revenue |
|
481 |
666 |
1,236 |
1,203 |
694 |
1,384 |
1,301 |
647 |
1,769 |
1,037 |
1,360 |
Net Interest Income / (Expense) |
|
49 |
32 |
21 |
27 |
41 |
38 |
31 |
6.75 |
22 |
28 |
33 |
Total Interest Income |
|
85 |
67 |
81 |
94 |
86 |
89 |
112 |
109 |
103 |
92 |
124 |
Loans and Leases Interest Income |
|
85 |
67 |
81 |
94 |
86 |
89 |
112 |
109 |
103 |
92 |
124 |
Total Interest Expense |
|
36 |
35 |
60 |
67 |
45 |
51 |
81 |
102 |
81 |
64 |
91 |
Long-Term Debt Interest Expense |
|
36 |
35 |
60 |
67 |
45 |
51 |
81 |
102 |
81 |
64 |
91 |
Total Non-Interest Income |
|
432 |
634 |
1,215 |
1,176 |
653 |
1,346 |
1,270 |
640 |
1,747 |
1,009 |
1,328 |
Other Service Charges |
|
558 |
563 |
578 |
591 |
580 |
590 |
624 |
674 |
680 |
687 |
711 |
Net Realized & Unrealized Capital Gains on Investments |
|
-126 |
71 |
637 |
585 |
72 |
756 |
646 |
-34 |
1,067 |
322 |
617 |
Total Non-Interest Expense |
|
986 |
1,082 |
1,098 |
1,086 |
937 |
1,085 |
1,109 |
1,144 |
1,094 |
1,260 |
1,336 |
Salaries and Employee Benefits |
|
519 |
604 |
579 |
590 |
485 |
541 |
553 |
608 |
559 |
610 |
623 |
Marketing Expense |
|
175 |
182 |
219 |
193 |
143 |
206 |
211 |
201 |
206 |
276 |
276 |
Other Operating Expenses |
|
229 |
228 |
236 |
237 |
244 |
273 |
278 |
269 |
261 |
310 |
351 |
Depreciation Expense |
|
24 |
31 |
25 |
28 |
27 |
27 |
28 |
29 |
29 |
27 |
28 |
Amortization Expense |
|
38 |
38 |
38 |
38 |
38 |
38 |
38 |
39 |
38 |
38 |
58 |
Income Tax Expense |
|
-13 |
-4.50 |
-0.78 |
2.68 |
-10 |
7.66 |
14 |
-16 |
26 |
-11 |
-9.83 |
Net Income / (Loss) Attributable to Noncontrolling Interest |
|
-475 |
-393 |
132 |
109 |
-222 |
274 |
177 |
-459 |
615 |
-202 |
36 |
Basic Earnings per Share |
|
($0.14) |
($0.15) |
$0.06 |
$0.05 |
($0.08) |
$0.12 |
$0.01 |
($0.16) |
$0.24 |
($0.07) |
($0.01) |
Weighted Average Basic Shares Outstanding |
|
120.58M |
124.73M |
126.74M |
129.39M |
128.64M |
136.99M |
139.65M |
141.76M |
141.04M |
147.72M |
171.44M |
Diluted Earnings per Share |
|
($0.18) |
($0.16) |
$0.05 |
$0.04 |
($0.08) |
$0.11 |
$0.01 |
($0.19) |
$0.28 |
($0.08) |
($0.01) |
Weighted Average Diluted Shares Outstanding |
|
1.97B |
1.97B |
1.98B |
1.98B |
1.98B |
1.99B |
139.65M |
2.00B |
141.04M |
2.00B |
171.44M |
Weighted Average Basic & Diluted Shares Outstanding |
|
1.97B |
1.98B |
1.98B |
1.98B |
1.99B |
1.99B |
1.99B |
1.99B |
2.00B |
2.00B |
2.10B |
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 |
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 |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Net Change in Cash & Equivalents |
|
-103 |
169 |
-40 |
74 |
145 |
-243 |
444 |
-89 |
41 |
139 |
3,685 |
Net Cash From Operating Activities |
|
1,219 |
-1,331 |
-281 |
328 |
1,394 |
-3,013 |
-122 |
-1,337 |
1,843 |
-797 |
-1,850 |
Net Cash From Continuing Operating Activities |
|
1,219 |
-1,331 |
-281 |
328 |
1,394 |
-3,013 |
-122 |
-1,337 |
1,843 |
-797 |
-1,850 |
Net Income / (Loss) Continuing Operations |
|
-493 |
-411 |
139 |
115 |
-233 |
291 |
178 |
-481 |
649 |
-212 |
34 |
Consolidated Net Income / (Loss) |
|
-493 |
-411 |
139 |
115 |
-233 |
291 |
178 |
-481 |
649 |
-212 |
34 |
Depreciation Expense |
|
24 |
31 |
25 |
28 |
27 |
27 |
28 |
29 |
29 |
27 |
28 |
Non-Cash Adjustments to Reconcile Net Income |
|
2,500 |
-876 |
-417 |
-56 |
1,912 |
-3,322 |
-334 |
-1,047 |
1,193 |
-521 |
-1,859 |
Changes in Operating Assets and Liabilities, net |
|
-813 |
-75 |
-28 |
242 |
-312 |
-8.00 |
5.72 |
163 |
-27 |
-91 |
-53 |
Net Cash From Investing Activities |
|
197 |
64 |
577 |
97 |
122 |
35 |
-261 |
-234 |
-36 |
75 |
-130 |
Net Cash From Continuing Investing Activities |
|
197 |
64 |
577 |
97 |
122 |
35 |
-261 |
-234 |
-36 |
75 |
-130 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-5.17 |
-18 |
-22 |
-21 |
0.54 |
-14 |
-16 |
-19 |
-19 |
-14 |
-15 |
Sale and/or Maturity of Investments |
|
198 |
91 |
596 |
225 |
116 |
67 |
69 |
95 |
79 |
145 |
63 |
Net Cash From Financing Activities |
|
-1,518 |
1,436 |
-337 |
-352 |
-1,371 |
2,734 |
827 |
1,483 |
-1,765 |
861 |
5,664 |
Net Cash From Continuing Financing Activities |
|
-1,518 |
1,436 |
-337 |
-352 |
-1,371 |
2,734 |
827 |
1,483 |
-1,765 |
861 |
5,664 |
Issuance of Debt |
|
-9,203 |
1,688 |
-347 |
-219 |
-1,303 |
2,778 |
877 |
1,528 |
-1,751 |
900 |
3,100 |
Issuance of Common Equity |
|
6.44 |
6.12 |
6.13 |
7.23 |
5.40 |
5.40 |
6.66 |
21 |
7.32 |
8.09 |
8.42 |
Repayment of Debt |
|
7,701 |
-249 |
-63 |
-104 |
-54 |
-31 |
-37 |
-28 |
-14 |
-13 |
2,702 |
Payment of Dividends |
|
- |
-1.94 |
- |
- |
- |
-1.94 |
- |
- |
- |
-5.40 |
-231 |
Other Financing Activities, Net |
|
-9.82 |
-6.99 |
65 |
-36 |
-19 |
-17 |
-21 |
-38 |
-7.69 |
-29 |
84 |
Effect of Exchange Rate Changes |
|
0.13 |
0.01 |
-0.16 |
0.16 |
-0.20 |
0.31 |
0.21 |
-0.36 |
-1.53 |
0.01 |
0.79 |
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 |
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 |
1,642 |
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 |
Preferred Stock |
|
- |
- |
- |
- |
- |
0.00 |
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 |
Q1 2025 |
Q2 2025 |
Total Assets |
|
22,601 |
21,202 |
20,856 |
20,649 |
22,219 |
23,649 |
25,118 |
25,251 |
30,360 |
Cash and Due from Banks |
|
826 |
893 |
883 |
957 |
861 |
1,309 |
1,228 |
1,409 |
5,091 |
Restricted Cash |
|
66 |
64 |
- |
35 |
32 |
28 |
20 |
20 |
23 |
Trading Account Securities |
|
9,123 |
8,439 |
8,444 |
8,013 |
9,416 |
9,487 |
10,978 |
9,599 |
11,169 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Customer and Other Receivables |
|
11 |
8.07 |
- |
- |
19 |
14 |
15 |
- |
15 |
Premises and Equipment, Net |
|
274 |
267 |
263 |
256 |
243 |
233 |
229 |
203 |
194 |
Intangible Assets |
|
- |
- |
- |
- |
- |
- |
- |
- |
1,221 |
Other Assets |
|
12,300 |
10,277 |
9,982 |
10,407 |
10,198 |
11,154 |
11,177 |
12,795 |
12,648 |
Total Liabilities & Shareholders' Equity |
|
22,601 |
21,202 |
20,856 |
20,649 |
22,219 |
23,649 |
25,118 |
25,251 |
30,360 |
Total Liabilities |
|
13,689 |
13,093 |
12,491 |
12,142 |
13,610 |
14,835 |
16,766 |
16,667 |
22,911 |
Long-Term Debt |
|
11,222 |
11,316 |
10,758 |
10,340 |
11,954 |
13,138 |
14,926 |
14,489 |
20,042 |
Other Long-Term Liabilities |
|
2,233 |
1,612 |
1,589 |
1,586 |
1,467 |
1,491 |
1,663 |
1,972 |
2,870 |
Total Equity & Noncontrolling Interests |
|
8,911 |
8,109 |
8,365 |
8,506 |
8,609 |
8,814 |
8,352 |
8,584 |
7,449 |
Total Preferred & Common Equity |
|
559 |
576 |
591 |
612 |
651 |
659 |
652 |
584 |
7,449 |
Preferred Stock |
|
- |
- |
- |
- |
- |
- |
- |
- |
0.00 |
Total Common Equity |
|
559 |
576 |
591 |
612 |
651 |
659 |
652 |
584 |
7,449 |
Common Stock |
|
242 |
295 |
302 |
317 |
351 |
358 |
373 |
404 |
7,272 |
Retained Earnings |
|
316 |
281 |
289 |
295 |
300 |
301 |
279 |
180 |
179 |
Accumulated Other Comprehensive Income / (Loss) |
|
0.06 |
-0.03 |
0.06 |
0.07 |
0.07 |
0.09 |
0.06 |
-0.05 |
-1.21 |
Noncontrolling Interest |
|
8,353 |
7,534 |
7,774 |
7,895 |
7,958 |
8,155 |
7,700 |
8,000 |
0.00 |
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 |
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 |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-81.46% |
-75.06% |
-11.22% |
-7.07% |
44.30% |
107.74% |
5.22% |
-46.23% |
155.03% |
-25.04% |
4.58% |
EBITDA Growth |
|
-155.05% |
-135.56% |
58.50% |
11.25% |
55.07% |
184.45% |
34.40% |
-422.67% |
425.57% |
-160.30% |
-76.47% |
EBIT Growth |
|
-159.09% |
-139.15% |
76.23% |
10.60% |
51.94% |
171.73% |
38.79% |
-522.80% |
377.87% |
-174.77% |
-87.37% |
NOPAT Growth |
|
-140.89% |
-128.09% |
132.87% |
19.46% |
51.94% |
199.84% |
27.86% |
-402.86% |
481.46% |
-153.72% |
-80.84% |
Net Income Growth |
|
-156.93% |
-139.70% |
132.87% |
19.46% |
52.77% |
170.65% |
27.86% |
-518.83% |
378.74% |
-173.08% |
-80.84% |
EPS Growth |
|
-158.06% |
-140.00% |
150.00% |
0.00% |
55.56% |
168.75% |
-80.00% |
-575.00% |
450.00% |
-172.73% |
-200.00% |
Operating Cash Flow Growth |
|
-72.35% |
-115.18% |
87.17% |
-89.12% |
14.38% |
-126.30% |
56.41% |
-507.26% |
32.23% |
73.55% |
-1,412.42% |
Free Cash Flow Firm Growth |
|
115.05% |
-70.88% |
-62.12% |
-87.79% |
-93.52% |
-128.66% |
-166.43% |
-397.73% |
-704.08% |
-214.62% |
-107.57% |
Invested Capital Growth |
|
-39.63% |
-14.32% |
-16.77% |
-7.33% |
-5.05% |
5.86% |
14.80% |
23.52% |
29.99% |
12.20% |
25.23% |
Revenue Q/Q Growth |
|
-62.86% |
38.54% |
85.60% |
-2.67% |
-42.34% |
99.44% |
-6.00% |
-50.26% |
173.50% |
-41.38% |
31.14% |
EBITDA Q/Q Growth |
|
-468.73% |
19.97% |
142.49% |
-11.28% |
-248.91% |
250.42% |
-32.37% |
-313.00% |
250.25% |
-127.86% |
126.40% |
EBIT Q/Q Growth |
|
-575.22% |
17.69% |
133.26% |
-14.99% |
-306.51% |
222.83% |
-35.64% |
-358.96% |
235.72% |
-133.05% |
110.87% |
NOPAT Q/Q Growth |
|
-467.68% |
17.69% |
147.79% |
-17.40% |
-247.93% |
270.97% |
-38.80% |
-295.66% |
286.32% |
-124.08% |
121.83% |
Net Income Q/Q Growth |
|
-611.99% |
16.48% |
133.82% |
-17.40% |
-302.44% |
224.93% |
-38.80% |
-370.58% |
234.73% |
-132.75% |
116.05% |
EPS Q/Q Growth |
|
-550.00% |
11.11% |
131.25% |
-20.00% |
-300.00% |
237.50% |
-90.91% |
-2,000.00% |
247.37% |
-128.57% |
87.50% |
Operating Cash Flow Q/Q Growth |
|
-59.64% |
-209.25% |
78.92% |
217.01% |
324.48% |
-316.14% |
95.94% |
-993.25% |
237.82% |
-143.24% |
-132.13% |
Free Cash Flow Firm Q/Q Growth |
|
-10.98% |
-74.74% |
35.03% |
-59.78% |
-52.77% |
-211.73% |
-212.97% |
-80.27% |
4.17% |
41.81% |
-106.49% |
Invested Capital Q/Q Growth |
|
-9.69% |
5.76% |
-1.56% |
-1.44% |
-7.47% |
17.91% |
6.76% |
6.04% |
-2.62% |
1.78% |
19.15% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
-100.13% |
-57.85% |
13.24% |
12.07% |
-31.18% |
23.52% |
16.92% |
-72.45% |
39.80% |
-18.91% |
3.81% |
EBIT Margin |
|
-105.12% |
-62.45% |
11.19% |
9.78% |
-35.01% |
21.56% |
14.76% |
-76.87% |
38.15% |
-21.51% |
1.78% |
Profit (Net Income) Margin |
|
-102.47% |
-61.78% |
11.26% |
9.55% |
-33.54% |
21.01% |
13.68% |
-74.41% |
36.66% |
-20.48% |
2.51% |
Tax Burden Percent |
|
97.47% |
98.92% |
100.57% |
97.72% |
95.80% |
97.43% |
92.65% |
96.80% |
96.10% |
95.22% |
140.50% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
0.00% |
0.00% |
-0.57% |
2.28% |
0.00% |
2.57% |
7.35% |
0.00% |
3.90% |
0.00% |
-40.50% |
Return on Invested Capital (ROIC) |
|
-17.61% |
-7.96% |
1.97% |
1.75% |
-5.20% |
4.75% |
3.05% |
-10.28% |
9.32% |
-3.28% |
0.49% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
-18.52% |
-8.91% |
1.97% |
1.75% |
-5.86% |
4.75% |
3.05% |
-11.34% |
9.32% |
-3.71% |
0.49% |
Return on Net Nonoperating Assets (RNNOA) |
|
-31.03% |
-13.41% |
2.86% |
2.19% |
-6.65% |
6.61% |
4.24% |
-16.99% |
12.24% |
-5.70% |
1.00% |
Return on Equity (ROE) |
|
-48.64% |
-21.37% |
4.83% |
3.93% |
-11.85% |
11.35% |
7.30% |
-27.28% |
21.56% |
-8.98% |
1.48% |
Cash Return on Invested Capital (CROIC) |
|
52.29% |
12.98% |
16.05% |
5.23% |
3.61% |
-4.13% |
-12.07% |
-21.87% |
-22.91% |
-10.89% |
-22.46% |
Operating Return on Assets (OROA) |
|
-23.22% |
-10.31% |
1.79% |
1.62% |
-6.77% |
4.49% |
3.04% |
-13.52% |
8.90% |
-4.31% |
0.32% |
Return on Assets (ROA) |
|
-22.64% |
-10.20% |
1.80% |
1.58% |
-6.48% |
4.37% |
2.82% |
-13.09% |
8.55% |
-4.10% |
0.45% |
Return on Common Equity (ROCE) |
|
-3.31% |
-1.43% |
0.32% |
0.26% |
-0.85% |
0.83% |
0.53% |
-2.05% |
1.65% |
-0.65% |
0.74% |
Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
-129.96% |
-113.21% |
-106.24% |
0.00% |
47.92% |
53.27% |
-37.63% |
0.00% |
22.72% |
-0.15% |
Net Operating Profit after Tax (NOPAT) |
|
-354 |
-291 |
139 |
115 |
-170 |
291 |
178 |
-348 |
649 |
-156 |
34 |
NOPAT Margin |
|
-73.59% |
-43.72% |
11.26% |
9.55% |
-24.51% |
21.01% |
13.68% |
-53.81% |
36.66% |
-15.06% |
2.51% |
Net Nonoperating Expense Percent (NNEP) |
|
0.91% |
0.95% |
0.00% |
0.00% |
0.66% |
0.00% |
0.00% |
1.06% |
0.00% |
0.43% |
0.00% |
SG&A Expenses to Revenue |
|
144.44% |
117.91% |
64.55% |
65.08% |
90.46% |
54.01% |
58.76% |
124.90% |
43.26% |
85.34% |
66.13% |
Operating Expenses to Revenue |
|
205.12% |
162.45% |
88.81% |
90.22% |
135.01% |
78.44% |
85.24% |
176.87% |
61.85% |
121.51% |
98.22% |
Earnings before Interest and Taxes (EBIT) |
|
-505 |
-416 |
138 |
118 |
-243 |
298 |
192 |
-497 |
675 |
-223 |
24 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
-481 |
-385 |
164 |
145 |
-216 |
325 |
220 |
-469 |
704 |
-196 |
52 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
23.92 |
31.06 |
29.97 |
26.43 |
45.93 |
44.28 |
41.36 |
58.52 |
31.97 |
41.26 |
3.81 |
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 |
0.00 |
4.55 |
Price to Revenue (P/Rev) |
|
2.36 |
4.66 |
4.81 |
4.51 |
7.56 |
6.39 |
5.95 |
9.48 |
4.40 |
5.07 |
5.89 |
Price to Earnings (P/E) |
|
297.16 |
0.00 |
0.00 |
0.00 |
0.00 |
1,500.32 |
2,082.45 |
0.00 |
764.74 |
8,691.91 |
0.00 |
Dividend Yield |
|
14.43% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
6.63% |
5.64% |
Earnings Yield |
|
0.34% |
0.00% |
0.00% |
0.00% |
0.00% |
0.07% |
0.05% |
0.00% |
0.13% |
0.01% |
0.00% |
Enterprise Value to Invested Capital (EV/IC) |
|
1.68 |
1.84 |
1.85 |
1.77 |
2.54 |
2.33 |
2.15 |
2.56 |
1.90 |
1.96 |
1.57 |
Enterprise Value to Revenue (EV/Rev) |
|
5.27 |
9.33 |
9.61 |
9.32 |
11.68 |
10.60 |
10.30 |
14.80 |
8.46 |
9.50 |
8.99 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
36.84 |
0.00 |
0.00 |
0.00 |
0.00 |
114.48 |
99.49 |
0.00 |
55.24 |
174.08 |
475.06 |
Enterprise Value to EBIT (EV/EBIT) |
|
41.51 |
0.00 |
0.00 |
0.00 |
0.00 |
153.66 |
129.26 |
0.00 |
64.57 |
308.05 |
0.00 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
44.00 |
0.00 |
0.00 |
0.00 |
0.00 |
153.34 |
134.51 |
0.00 |
67.84 |
340.35 |
0.00 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
2.85 |
49.69 |
13.46 |
0.00 |
402.26 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
2.41 |
13.09 |
10.46 |
32.61 |
68.67 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
1.17 |
1.40 |
1.29 |
1.22 |
1.10 |
1.39 |
1.49 |
1.79 |
1.51 |
1.69 |
2.69 |
Long-Term Debt to Equity |
|
1.17 |
1.40 |
1.29 |
1.22 |
1.10 |
1.39 |
1.49 |
1.79 |
1.51 |
1.69 |
2.69 |
Financial Leverage |
|
1.68 |
1.50 |
1.46 |
1.25 |
1.13 |
1.39 |
1.39 |
1.50 |
1.31 |
1.54 |
2.04 |
Leverage Ratio |
|
2.90 |
2.76 |
2.68 |
2.48 |
2.34 |
2.60 |
2.59 |
2.71 |
2.52 |
2.76 |
3.32 |
Compound Leverage Factor |
|
2.90 |
2.76 |
2.68 |
2.48 |
2.34 |
2.60 |
2.59 |
2.71 |
2.52 |
2.76 |
3.32 |
Debt to Total Capital |
|
53.86% |
58.25% |
56.26% |
54.87% |
52.40% |
58.13% |
59.85% |
64.12% |
60.11% |
62.80% |
72.90% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
53.86% |
58.25% |
56.26% |
54.87% |
52.40% |
58.13% |
59.85% |
64.12% |
60.11% |
62.80% |
72.90% |
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% |
0.00% |
Noncontrolling Interests to Total Capital |
|
43.00% |
38.78% |
40.65% |
41.89% |
44.02% |
38.70% |
37.15% |
33.08% |
36.79% |
34.67% |
0.00% |
Common Equity to Total Capital |
|
3.14% |
2.96% |
3.09% |
3.25% |
3.58% |
3.17% |
3.00% |
2.80% |
3.10% |
2.53% |
27.10% |
Debt to EBITDA |
|
11.83 |
-17.88 |
-18.79 |
-18.54 |
-31.23 |
28.59 |
27.70 |
-106.93 |
17.45 |
55.86 |
219.93 |
Net Debt to EBITDA |
|
10.89 |
-16.37 |
-17.25 |
-16.76 |
-27.34 |
26.46 |
24.88 |
-97.99 |
15.80 |
50.35 |
163.82 |
Long-Term Debt to EBITDA |
|
11.83 |
-17.88 |
-18.79 |
-18.54 |
-31.23 |
28.59 |
27.70 |
-106.93 |
17.45 |
55.86 |
219.93 |
Debt to NOPAT |
|
14.13 |
-21.95 |
-22.71 |
-22.20 |
-32.40 |
38.30 |
37.44 |
-85.36 |
21.43 |
109.21 |
-1,350.45 |
Net Debt to NOPAT |
|
13.01 |
-20.09 |
-20.85 |
-20.07 |
-28.37 |
35.44 |
33.63 |
-78.22 |
19.40 |
98.44 |
-1,005.90 |
Long-Term Debt to NOPAT |
|
14.13 |
-21.95 |
-22.71 |
-22.20 |
-32.40 |
38.30 |
37.44 |
-85.36 |
21.43 |
109.21 |
-1,350.45 |
Noncontrolling Interest Sharing Ratio |
|
93.19% |
93.32% |
93.43% |
93.28% |
92.84% |
92.66% |
92.73% |
92.50% |
92.35% |
92.81% |
50.15% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
11,702 |
2,956 |
3,992 |
1,606 |
758 |
-847 |
-2,652 |
-4,780 |
-4,581 |
-2,666 |
-5,504 |
Operating Cash Flow to CapEx |
|
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% |
-5,690.86% |
-11,937.83% |
Free Cash Flow to Firm to Interest Expense |
|
326.76 |
84.20 |
67.08 |
23.94 |
16.89 |
-16.47 |
-32.62 |
-46.95 |
-56.53 |
-41.63 |
-60.57 |
Operating Cash Flow to Interest Expense |
|
34.03 |
-37.92 |
-4.72 |
4.90 |
31.04 |
-58.56 |
-1.50 |
-13.13 |
22.74 |
-12.45 |
-20.36 |
Operating Cash Flow Less CapEx to Interest Expense |
|
33.88 |
-38.43 |
-5.08 |
4.59 |
31.05 |
-58.84 |
-1.70 |
-13.32 |
22.51 |
-12.66 |
-20.53 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.22 |
0.17 |
0.16 |
0.17 |
0.19 |
0.21 |
0.21 |
0.18 |
0.23 |
0.20 |
0.18 |
Fixed Asset Turnover |
|
22.09 |
14.54 |
13.76 |
13.51 |
14.47 |
17.69 |
18.45 |
16.57 |
21.95 |
21.30 |
22.54 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
18,367 |
19,425 |
19,123 |
18,847 |
17,439 |
20,563 |
21,952 |
23,279 |
22,669 |
23,073 |
27,490 |
Invested Capital Turnover |
|
0.24 |
0.18 |
0.17 |
0.18 |
0.21 |
0.23 |
0.22 |
0.19 |
0.25 |
0.22 |
0.19 |
Increase / (Decrease) in Invested Capital |
|
-12,056 |
-3,247 |
-3,853 |
-1,491 |
-928 |
1,138 |
2,830 |
4,432 |
5,229 |
2,509 |
5,538 |
Enterprise Value (EV) |
|
30,796 |
35,774 |
35,353 |
33,417 |
44,381 |
47,860 |
47,197 |
59,555 |
43,137 |
45,154 |
43,290 |
Market Capitalization |
|
13,795 |
17,882 |
17,704 |
16,174 |
28,703 |
28,842 |
27,240 |
38,178 |
22,460 |
24,094 |
28,362 |
Book Value per Share |
|
$0.29 |
$0.29 |
$0.30 |
$0.31 |
$0.32 |
$4.76 |
$0.33 |
$0.33 |
$0.35 |
$0.29 |
$3.72 |
Tangible Book Value per Share |
|
($0.35) |
($0.34) |
($0.33) |
($0.32) |
($0.31) |
($4.34) |
($0.29) |
($0.29) |
($0.26) |
($0.32) |
$3.11 |
Total Capital |
|
18,367 |
19,425 |
19,123 |
18,847 |
17,439 |
20,563 |
21,952 |
23,279 |
22,669 |
23,073 |
27,490 |
Total Debt |
|
9,892 |
11,316 |
10,758 |
10,340 |
9,137 |
11,954 |
13,138 |
14,926 |
13,625 |
14,489 |
20,042 |
Total Long-Term Debt |
|
9,892 |
11,316 |
10,758 |
10,340 |
9,137 |
11,954 |
13,138 |
14,926 |
13,625 |
14,489 |
20,042 |
Net Debt |
|
9,103 |
10,358 |
9,875 |
9,348 |
8,001 |
11,060 |
11,801 |
13,678 |
12,336 |
13,060 |
14,928 |
Capital Expenditures (CapEx) |
|
5.17 |
18 |
22 |
21 |
-0.54 |
14 |
16 |
19 |
19 |
14 |
15 |
Net Nonoperating Expense (NNE) |
|
139 |
120 |
0.00 |
0.00 |
63 |
0.00 |
0.00 |
133 |
0.00 |
56 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
9,892 |
11,316 |
10,758 |
10,340 |
9,137 |
11,954 |
13,138 |
14,926 |
13,625 |
14,489 |
20,042 |
Total Depreciation and Amortization (D&A) |
|
24 |
31 |
25 |
28 |
27 |
27 |
28 |
29 |
29 |
27 |
28 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
($0.14) |
($0.15) |
$0.06 |
$0.05 |
($0.08) |
$0.12 |
$0.01 |
($0.16) |
$0.24 |
($0.07) |
($0.01) |
Adjusted Weighted Average Basic Shares Outstanding |
|
120.58M |
124.73M |
126.74M |
129.39M |
128.64M |
136.99M |
139.65M |
141.76M |
141.04M |
147.72M |
171.44M |
Adjusted Diluted Earnings per Share |
|
($0.18) |
($0.16) |
$0.05 |
$0.04 |
($0.08) |
$0.11 |
$0.01 |
($0.19) |
$0.28 |
($0.08) |
($0.01) |
Adjusted Weighted Average Diluted Shares Outstanding |
|
1.97B |
1.97B |
1.98B |
1.98B |
1.98B |
1.99B |
139.65M |
2.00B |
141.04M |
2.00B |
171.44M |
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 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
1.97B |
1.98B |
1.98B |
1.98B |
1.99B |
1.99B |
1.99B |
1.99B |
2.00B |
2.00B |
2.10B |
Normalized Net Operating Profit after Tax (NOPAT) |
|
-354 |
-291 |
97 |
115 |
-170 |
291 |
178 |
-348 |
649 |
-156 |
17 |
Normalized NOPAT Margin |
|
-73.59% |
-43.72% |
7.84% |
9.55% |
-24.51% |
21.01% |
13.68% |
-53.81% |
36.66% |
-15.06% |
1.25% |
Pre Tax Income Margin |
|
-105.12% |
-62.45% |
11.19% |
9.78% |
-35.01% |
21.56% |
14.76% |
-76.87% |
38.15% |
-21.51% |
1.78% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
-14.11 |
-11.85 |
2.33 |
1.75 |
-5.41 |
5.80 |
2.36 |
-4.88 |
8.33 |
-3.48 |
0.27 |
NOPAT to Interest Expense |
|
-9.88 |
-8.29 |
2.34 |
1.71 |
-3.79 |
5.65 |
2.19 |
-3.42 |
8.00 |
-2.44 |
0.38 |
EBIT Less CapEx to Interest Expense |
|
-14.26 |
-12.37 |
1.96 |
1.44 |
-5.40 |
5.53 |
2.17 |
-5.07 |
8.10 |
-3.70 |
0.10 |
NOPAT Less CapEx to Interest Expense |
|
-10.02 |
-8.81 |
1.97 |
1.40 |
-3.77 |
5.38 |
1.99 |
-3.60 |
7.77 |
-2.66 |
0.20 |
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% |
0.00% |
Augmented Payout Ratio |
|
25.39% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Key Financial Trends
Rocket Companies (NYSE: RKT) Financial Summary - Last Four Years
Analyzing Rocket Companies' financial performance over the past four years reveals significant fluctuations in profitability, cash flow, and balance sheet metrics, with recent quarters showing some recovery after challenging periods.
- Rocket Companies reported a net income of $34.1 million in Q2 2025, marking a positive turnaround from losses in earlier 2025 quarters and challenging periods in 2023 and 2024.
- Total revenue in Q2 2025 was $1.36 billion, driven by $1.33 billion in non-interest income, highlighting strength in other service charges and realized/unrealized investment gains.
- Cash and cash equivalents substantially increased to $5.09 billion in Q2 2025 from $1.41 billion in Q1 2025, indicating improved liquidity management.
- Long-term debt increased to $20.0 billion by Q2 2025 from $14.49 billion in Q1 2025, presumably to support operations and investments following losses earlier in the year.
- Operating cash flow saw a significant decline in Q2 2025 at -$1.85 billion but was supported by strong financing cash flow of $5.66 billion, reflecting successful capital raising.
- Net interest income remained modest, with $32.6 million in Q2 2025 after interest expense of approximately $90.9 million, showing ongoing challenges managing net interest margin.
- Total non-interest expenses have remained high, $1.34 billion in Q2 2025, including salaries, marketing, and depreciation, signaling a resource-intensive business model.
- Shares outstanding have dramatically increased from around 120 million basic shares in early 2023 to over 1.7 billion diluted shares in 2025, reflecting significant equity issuance and potential dilution impacts.
- The company reported notable losses in full fiscal years 2022 and most of 2023, with large negative net incomes, e.g., -$492.7 million in Q4 2022 and consistent losses throughout 2023 and early 2024.
- Operating cash flow was negative in several quarters, including -$3.01 billion in Q1 2024 and -$1.33 billion in Q3 2023, indicating persistent cash burn from core operations.
- Despite net income turning positive in some recent quarters, basic and diluted earnings per share remain near zero or slightly negative, reflecting challenges in generating earnings on a per-share basis amid share dilution.
- Total liabilities have increased markedly, reaching $22.9 billion by Q2 2025 from $13.6 billion in Q1 2023, squeezing equity and potentially increasing financial risk.
- Net income attributable to noncontrolling interests fluctuated widely, sometimes exceeding common shareholder net income, which may indicate complexity in ownership structure affecting profitability attribution.
In summary, Rocket Companies has experienced a volatile financial trajectory over the past several years, with significant losses and cash flow challenges through 2022 and 2023. However, the company has shown some improvement in profitability and liquidity in 2025, supported by increased debt financing and equity issuance. Investors should be mindful of ongoing expenses, dilution, and leverage risks while monitoring for sustained earnings growth and operational cash flow improvements.
08/24/25 06:56 AMAI Generated. May Contain Errors.