NYSE : RKT
Rocket Companies, Inc. — Financial statements
Financials · Mortgage Finance · United States
Last price 11.92 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 33.75B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Rocket Companies, Inc. (RKT) reported revenue of 11.83B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 4.28B | 2.32B | 1.46B | 1.40B | 1.46B | 1.33B |
| Other Revenue | 7.55B | 4.75B | 3.95B | 2.60B | 4.55B | 11.85B |
| Revenue | 11.83B | 7.07B | 5.42B | 4.00B | 6.00B | 13.18B |
| Gross Profit | 11.83B | 7.07B | 5.42B | 4.00B | 6.00B | 13.18B |
| Selling, General & Admin | 7.48B | 5.83B | 3.98B | 3.80B | 4.65B | 5.79B |
| Other Operating Expenses | 420.00M | 347.00M | 188.00M | 142.00M | 199.21M | 634.30M |
| Operating Expenses | 8.49B | 6.47B | 4.28B | 4.05B | 4.94B | 6.50B |
| Operating Income | 3.34B | 600.00M | 1.14B | -44.00M | 1.06B | 6.68B |
| Interest Expense | -1.40B | -814.00M | -469.00M | -359.00M | -319.98M | -491.89M |
| Pretax Income | 1.81B | -214.00M | 668.00M | -403.00M | 741.91M | 6.18B |
| Income Tax Expense | 505.00M | 20.00M | 32.00M | -13.00M | 41.98M | 112.74M |
| Earnings From Continuing Operations | 1.30B | -234.00M | 636.00M | -390.00M | 699.93M | 6.07B |
| Minority Interest in Earnings | 1.00M | 166.00M | -607.00M | 374.00M | -653.51M | -5.76B |
| Net Income | 1.30B | -68.00M | 29.00M | -16.00M | 46.42M | 308.21M |
| Preferred Dividends & Other Adjustments | -22.00K | -150.00K | ||||
| Net Income to Common | 1.30B | -68.00M | 29.00M | -16.00M | 46.44M | 308.36M |
| Shares Outstanding (Basic) | 2.84B | 1.32B | 141.04M | 128.64M | 120.58M | 130.58M |
| Shares Outstanding (Diluted) | 2.84B | 1.32B | 141.04M | 1.98B | 1.97B | 1.99B |
| EPS (Basic) | 0.46 | -0.05 | 0.21 | -0.12 | 0.39 | 2.36 |
| EPS (Diluted) | 0.46 | -0.05 | 0.21 | -0.15 | 0.28 | 2.32 |
| Free Cash Flow | 1.16B | -4.02B | -2.70B | 51.00M | 10.73B | 7.63B |
| Free Cash Flow Per Share | 0.41 | -3.04 | -19.13 | 0.03 | 5.44 | 3.83 |
| Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Operating Margin | 28.21% | 8.48% | 20.99% | -1.10% | 17.68% | 50.68% |
| Profit Margin | 11.02% | -0.96% | 0.53% | -0.40% | 0.77% | 2.34% |
| Free Cash Flow Margin | 9.80% | -56.82% | -49.81% | 1.27% | 178.69% | 57.88% |
| EBITDA | 3.93B | 890.00M | 1.25B | 66.00M | 1.16B | 6.75B |
| EBITDA Margin | 33.24% | 12.59% | 23.08% | 1.65% | 19.25% | 51.24% |
| D&A For EBITDA | 595.00M | 290.00M | 113.00M | 110.00M | 94.02M | 74.71M |
| EBIT | 3.34B | 600.00M | 1.14B | -44.00M | 1.06B | 6.68B |
| EBIT Margin | 28.21% | 8.48% | 20.99% | -1.10% | 17.68% | 50.68% |
| Effective Tax Rate | 27.93% | 4.79% | 5.66% | 1.82% | ||
| Revenue as Reported | 11.46B | 6.70B | 5.10B | 3.80B | 5.84B | 12.91B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.70B | 2.70B | 1.27B | 1.11B | 722.29M | 2.13B |
| Trading Asset Securities | 134.00M | 294.00M | 103.00M | 132.87M | 90.64M | 538.86M |
| Cash & Short-Term Investments | 2.83B | 2.99B | 1.38B | 1.24B | 812.93M | 2.67B |
| Other Receivables | 356.00M | 61.00M | 493.09M | 428.77M | 508.07M | |
| Receivables | 5.48B | 5.48B | 2.85B | 2.05B | 2.08B | 2.44B |
| Prepaid Expenses | 186.00M | 94.00M | 99.11M | 128.06M | 141.51M | |
| Restricted Cash | 240.00M | 238.00M | 16.00M | 28.37M | 66.81M | 80.42M |
| Other Current Assets | 2.52B | 2.22B | 700.00M | 204.11M | 165.13M | 73.61M |
| Total Current Assets | 24.77B | 26.99B | 14.31B | 10.32B | 10.60B | 24.73B |
| Property, Plant & Equipment | 288.00M | 552.00M | 496.00M | 598.55M | 640.38M | 682.27M |
| Long-Term Investments | 177.00M | 268.00M | 41.00M | 39.52M | 40.34M | 41.88M |
| Goodwill | 10.69B | 10.61B | 1.14B | 1.14B | 1.14B | |
| Other Intangible Assets | 22.14B | 21.67B | 7.72B | 6.54B | 7.07B | 6.68B |
| Long-Term Deferred Tax Assets | 12.00M | 522.00M | 550.15M | 537.96M | 572.05M | |
| Other Long-Term Assets | 2.10B | 582.00M | 277.00M | 42.80M | 59.30M | 71.16M |
| Total Assets | 60.15B | 60.69B | 24.51B | 19.23B | 20.08B | 32.77B |
| Accounts Payable | 4.67B | 285.00M | 182.00M | 171.35M | 116.33M | 271.54M |
| Accrued Expenses | 11.96M | 12.15M | ||||
| Current Portion of Long-Term Debt | 7.00B | 3.35B | 412.00M | 668.18M | 49.38M | |
| Current Portion of Leases | 103.00M | |||||
| Other Current Liabilities | 798.00M | 145.00M | 11.00M | 142.99M | 25.12M | 19.91M |
| Total Current Liabilities | 12.46B | 3.88B | 605.00M | 982.52M | 202.79M | 303.61M |
| Long-Term Debt | 23.38B | 30.13B | 13.21B | 8.50B | 9.86B | 20.69B |
| Long-Term Leases | 231.00M | 319.00M | 393.88M | 422.77M | 482.18M | |
| Long-Term Deferred Tax Liabilities | 850.00M | 18.00M | 15.56M | 16.22M | 28.38M | |
| Other Long-Term Liabilities | 2.69B | 1.31B | 1.04B | 1.10B | 1.52B | |
| Total Liabilities | 35.84B | 37.79B | 15.47B | 10.93B | 11.61B | 23.02B |
| Common Stock | 20.00K | 20.00K | 20.00K | |||
| Additional Paid-In Capital | 22.95B | 22.77B | 389.00M | 340.53M | 276.22M | 287.56M |
| Retained Earnings | 1.36B | 124.00M | 313.00M | 284.30M | 300.39M | 378.00M |
| Comprehensive Income & Other | 52.00K | 69.00K | 81.00K | |||
| Total Common Equity | 24.31B | 22.90B | 702.00M | 624.90M | 576.70M | 665.66M |
| Minority Interest | 1.00M | 8.34B | 7.68B | 7.90B | 9.09B | |
| Shareholders' Equity | 24.31B | 22.90B | 9.04B | 8.30B | 8.48B | 9.76B |
| Total Liabilities & Equity | 60.15B | 60.69B | 24.51B | 19.23B | 20.08B | 32.77B |
| Total Debt | 30.38B | 33.82B | 13.94B | 9.56B | 10.34B | 21.17B |
| Net Cash (Debt) | -27.55B | -30.83B | -12.57B | -8.32B | -9.52B | -18.50B |
| Net Cash Per Share | -9.68 | -23.31 | -89.11 | -4.20 | -4.83 | -9.30 |
| Filing Date Shares Outstanding | 2.84B | 2.82B | 147.31M | 136.76M | 124.86M | 121.08M |
| Total Common Shares Outstanding | 2.84B | 2.82B | 146.03M | 135.81M | 124.86M | 126.44M |
| Working Capital | 12.31B | 23.11B | 13.71B | 9.34B | 10.40B | 24.42B |
| Book Value Per Share | 8.57 | 8.13 | 4.81 | 4.60 | 4.62 | 5.26 |
| Tangible Book Value | -8.51B | -9.38B | -8.16B | -7.05B | -7.63B | -6.02B |
| Tangible Book Value Per Share | -3.00 | -3.33 | -55.87 | -51.92 | -61.10 | -47.59 |
| Machinery | 302.00M | 297.00M | 294.75M | 284.54M | 419.58M | |
| Construction In Progress | 65.00M | 19.00M | 29.15M | 92.35M | 56.39M | |
| Leasehold Improvements | 265.00M | 265.00M | 261.30M | 202.81M | 229.34M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.30B | -68.00M | 29.00M | -16.00M | 46.42M | 308.21M |
| Depreciation & Amortization | 595.00M | 290.00M | 113.00M | 110.00M | 94.02M | 74.71M |
| Loss (Gain) From Sale of Assets | -1.90B | -2.09B | -1.68B | -974.00M | -1.17B | -6.60B |
| Stock-Based Compensation | 440.00M | 343.00M | 145.00M | 180.00M | 216.00M | 163.71M |
| Other Operating Activities | -896.00M | -257.00M | -110.00M | -805.00M | -1.54B | 2.63B |
| Change in Accounts Payable | -282.00M | -33.00M | 10.00M | 55.00M | -155.21M | 11.17M |
| Change in Other Net Operating Assets | 1.01B | 535.00M | 124.00M | -227.00M | -324.27M | 125.48M |
| Operating Cash Flow | 1.32B | -3.93B | -2.63B | 111.00M | 10.82B | 7.74B |
| Capital Expenditures | -160.00M | -91.00M | -68.00M | -60.00M | -93.12M | -118.29M |
| Cash Acquisitions | -2.24B | -2.32B | -1.23B | |||
| Sale (Purchase) of Intangibles | 1.08B | -120.00M | -440.00M | 911.00M | 657.28M | 748.93M |
| Investment in Securities | 2.06M | -39.90M | ||||
| Other Investing Activities | -5.00M | 2.00M | 12.00M | 10.00M | ||
| Investing Cash Flow | -1.32B | -2.53B | -496.00M | 861.00M | 578.74M | -664.85M |
| Short-Term Debt Issued | 720.00K | 721.00K | ||||
| Long-Term Debt Issued | 8.84B | 3.23B | 3.59B | |||
| Total Debt Issued | 2.72B | 8.84B | 3.23B | 720.00K | 3.59B | |
| Short-Term Debt Repaid | -29.00M | -2.00M | ||||
| Long-Term Debt Repaid | -393.00M | -651.00M | -10.50B | -6.31B | ||
| Total Debt Repaid | -5.35B | -422.00M | -2.00M | -651.00M | -10.50B | -6.31B |
| Net Debt Issued (Repaid) | -2.64B | 8.41B | 3.23B | -651.00M | -10.50B | -2.72B |
| Issuance of Common Stock | 63.00M | 55.00M | 41.00M | 78.00M | 37.76M | 41.98M |
| Repurchase of Common Stock | -164.00M | -105.00M | -65.00M | -47.00M | -221.45M | -244.31M |
| Common Dividends Paid | -13.00M | -120.90M | -19.00M | -1.79B | ||
| Other Financing Activities | -154.00M | -19.00M | 93.00M | -4.00M | -139.02M | |
| Financing Cash Flow | -2.90B | 8.10B | 3.28B | -624.00M | -12.82B | -6.92B |
| Foreign Exchange Rate Adjustments | -8.00M | 1.00M | -1.00M | -949.00K | -115.00K | |
| Net Cash Flow | -2.92B | 1.65B | 152.00M | 348.00M | -1.42B | 157.49M |
| Free Cash Flow | 1.16B | -4.02B | -2.70B | 51.00M | 10.73B | 7.63B |
| Free Cash Flow Margin | 9.80% | -56.82% | -49.81% | 1.27% | 178.69% | 57.88% |
| Free Cash Flow Per Share | 0.41 | -3.04 | -19.13 | 0.03 | 5.44 | 3.83 |
| Levered Free Cash Flow | 1.64B | -10.54B | -3.81B | 1.75B | 13.47B | 11.71B |
| Unlevered Free Cash Flow | 2.51B | -10.03B | -3.52B | 1.98B | 13.67B | 12.02B |
| Cash Interest Paid | 596.00M | 596.00M | 481.00M | 381.00M | 6.41M | 7.17M |
| Cash Income Tax Paid | 2.00M | 2.00M | 6.00M | -1.00M | 12.54M | 76.63M |
| Change in Working Capital | 730.00M | 502.00M | 134.00M | -172.00M | -479.49M | 136.65M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 36.33B | 54.52B | 1.64B | 1.93B | 852.45M | 1.89B |
| Enterprise Value | 63.87B | 70.94B | 23.18B | 19.56B | 20.05B | 31.95B |
| Last Close Price | 12.80 | 19.36 | 10.66 | 13.70 | 6.62 | 12.31 |
| PE Ratio | 28.10 | 56.62 | 18.36 | 6.13 | ||
| Forward PE | 21.22 | 28.77 | 24.31 | 90.33 | 20.72 | 9.24 |
| PS Ratio | 3.07 | 7.71 | 0.30 | 0.48 | 0.14 | 0.14 |
| PB Ratio | 1.49 | 2.38 | 0.18 | 0.23 | 0.10 | 0.19 |
| P/FCF Ratio | 31.31 | 37.87 | 0.08 | 0.25 | ||
| P/OCF Ratio | 27.52 | 17.40 | 0.08 | 0.24 | ||
| PEG Ratio | 0.42 | 0.42 | 1.09 | 1.09 | 1.09 | 0.92 |
| EV/Sales Ratio | 5.40 | 10.03 | 4.28 | 4.88 | 3.34 | 2.42 |
| EV/EBITDA Ratio | 16.24 | 79.70 | 18.54 | 296.29 | 17.35 | 4.73 |
| EV/EBIT Ratio | 19.13 | 118.22 | 20.39 | 18.89 | 4.79 | |
| EV/FCF Ratio | 55.06 | 383.44 | 1.87 | 4.19 | ||
| Debt / Equity Ratio | 1.25 | 1.48 | 1.54 | 1.15 | 1.22 | 2.17 |
| Debt / EBITDA Ratio | 7.72 | 34.33 | 10.43 | 60.46 | 8.30 | 3.09 |
| Debt / FCF Ratio | 26.19 | 187.50 | 0.96 | 2.78 | ||
| Net Debt / Equity Ratio | 1.13 | 1.35 | 1.39 | 1.00 | 1.12 | 1.90 |
| Net Debt / EBITDA Ratio | 7.00 | 34.64 | 10.05 | 126.08 | 8.24 | 2.74 |
| Net Debt / FCF Ratio | 23.75 | -7.67 | -4.66 | 163.16 | 0.89 | 2.43 |
| Asset Turnover | 0.25 | 0.17 | 0.25 | 0.20 | 0.23 | 0.38 |
| Quick Ratio | 0.23 | 0.86 | 2.38 | 1.76 | 6.12 | 10.47 |
| Current Ratio | 1.99 | 6.95 | 23.66 | 10.51 | 52.26 | 81.44 |
| Return on Equity (ROE) | 7.86% | -1.47% | 7.33% | -4.65% | 7.68% | 68.84% |
| Return on Assets (ROA) | 4.45% | 0.88% | 3.25% | -0.14% | 2.51% | 11.87% |
| Return on Invested Capital (ROIC) | 4.58% | 1.59% | 5.66% | -0.25% | 4.33% | 21.90% |
| Return on Capital Employed (ROCE) | 7.00% | 1.10% | 4.80% | -0.20% | 5.30% | 20.60% |
| Earnings Yield | 3.56% | -0.12% | 1.77% | -0.83% | 5.45% | 16.29% |
| FCF Yield | 3.19% | -7.37% | -164.30% | 2.64% | 1,258.77% | 403.08% |
| Payout Ratio | 65.52% | 582.18% | ||||
| Buyback Yield / Dilution | -338.82% | -837.60% | 92.88% | -0.45% | 0.90% | -1,611.51% |