Rocket Companies (RKT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Rocket Companies

NYSE•Financial Services•Mortgage Finance

$13.84+1.03(0.08%)Market open

Market Cap

$39.10B

P/E

30.0x

P/S

3.3x

P/B

1.6x

Rocket Companies, Inc., a fintech company, engages in the mortgage, real estate, and personal finance businesses in the United States and Canada. It operates in two segments, Direct to Consumer and Partner Network. The company offers Rocket Mortgage, a mortgage lender service; Redfin, a digital real estate brokerage and home search platform; Rocket Close, a digital experience for appraisal management, settlement, and title services; Rocket Money, a finance app that offers a suite of financial wellness services including subscription cancellation, budget management and credit score improvement; and Rocket Loans, a platform for personal loan. It also originates, closes, sells, and services agency-conforming loans; and provides Rocket Pro that works with mortgage brokers, community banks, and credit unions, to maintain own brand and client relationships. Rocket Companies, Inc. was founded in 1985 and is headquartered in Detroit, Michigan. Rocket Companies, Inc. was formerly a subsidiary of Rock Holdings Inc.

How this company scores

GoodMetricSide Score: 73/100

Strongest: Growth (22/25); weakest: Balance Sheet & Red Flags (12/25).

Profitability21/25

Growth22/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality18/25

Strengths

Growing revenueStrong marginsRising earningsLow leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 30.0x5y range 6.9x – 643.2x

Currently below its 12-quarter median.

P/S · 3.3x5y range 0.2x – 7.3x

Currently above its 20-quarter median.

P/B · 1.6x5y range 0.2x – 4.8x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $39.10B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $11.70B
Q. Revenue: $3.28B
TTM EBITDA: $2.22B
TTM Op. Income: $1.81B
Q. Op. Income: $958.00M
TTM Net Income: $1.30B
Q. Net Income: $709.00M
EPS: $0.25
Shares Out.: $2.84B

$11.70B in TTM revenue grew 102.7% YoY, reaching $3.28B last quarter. TTM EBITDA of $2.22B and TTM operating income of $1.81B show growth is flowing through to the bottom line. TTM net income of $1.30B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 33.6%
Op. Margin: 29.2%
Net Margin: 21.6%

Op. margin of 29.2% is up 40.6% YoY — cost efficiency is improving. Net margin at 21.6% Over the past year, operating margin is up 354% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 30.0x
P/S Ratio: 3.3x
P/B Ratio: 1.6x

At 30.0x P/E, the stock trades within typical market levels. P/S of 3.3x and P/B of 1.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 5 quarters, P/E has fallen for 3 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $60.15B
Cash: $2.70B
Long-Term Debt: $10.72B
Book Value: $24.31B
D/E Ratio: 0.4
Debt/EBITDA: 9.7

With $60.15B in assets and $10.72B in long-term debt, D/E is 0.4and book value is $24.31B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 4762% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $1.91B
TTM Free Cash Flow: $1.16B
FCF Margin: 9.9%
FCF / Net Income: 0.9

TTM FCF of $1.16B on $1.91B in operating cash flow. The FCF / Net Income ratio of 0.9x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.