Full text
Earnings transcript
Read the complete earnings call transcript.
RKT
Rocket Companies, Inc.
$14.96
0.53
(3.67%)
| Exchange: | NYSE |
| Market Cap: | 42.247B |
| Shares Outstanding: | 100.373M |
About The Company
| Sector: | Financial Services | |||||
| Industry: | Financial – Mortgages | |||||
| CEO: | Varun Krishna | |||||
| Full Time Employees: | 14200 | |||||
| Address: |
| |||||
| Website: | https://www.rocketcompanies.com |
Rocket Companies, Inc. engages in the tech-driven real estate, mortgage, and e-Commerce businesses in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company’s solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; Rocket Auto, an automotive retail marketplace that provides centralized and virtual car sales support to online car purchasing platforms; and Rocket Loans, an online-based personal loans business. It also offer Core Digital Media, a digital social and display advertiser in the mortgage, insurance, and education sectors; Rocket Solar, which connect homeowners with digital financing solutions through a team of trained solar advisors; Truebill, a personal finance app that helps clients manage every aspect of their financial lives; Lendesk, a technology services company that provides a point of sale system for mortgage professionals and a loan origination system for private lenders; and Edison Financial, a digital mortgage broker. In addition, the company originates, closes, sells, and services agency-conforming loans. Rocket Companies, Inc. was founded in 1985 and is headquartered in Detroit, Michigan. Rocket Companies, Inc. operates as a subsidiary of Rock Holdings, Inc.
Click to read more…
Revenue Segmentation
EPS
Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.
Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
Log in to continue
Log in to read the full transcript and AI-generated earnings summaries.
Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 4,005,857 | 5,401,391 | 6,880,000 |
| Gross Profit | 3,645,883 | 4,932,161 | 6,300,000 |
| EBITDA | -292,626 | 780,969 | 890,000 |
| Operating Income | -402,897 | 668,052 | 600,000 |
| Net Income | -15,514 | 29,370 | -68,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 19,231,740 | 24,510,063 | 60,685,000 |
| Total Liabilities | 10,930,030 | 15,466,683 | 37,787,000 |
| Total Stockholders Equity | 624,900 | 702,501 | 22,898,000 |
| Total Debt | 9,562,314 | 13,975,783 | 0 |
| Cash and Cash Equivalents | 1,108,466 | 1,272,853 | 2,696,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 110,329 | -2,629,239 | -3,927,000 |
| Capital Expenditure | -60,336 | -805,112 | 0 |
| Free Cash Flow | 49,993 | -3,434,351 | -3,927,000 |
| Net Income | -15,514 | 635,828 | -234,000 |
| Net Change in Cash | 347,733 | 152,489 | 1,645,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 13,569,481.817 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 15,731,005.595 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 14,597,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 2,212,360.466 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 2,564,774.052 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 2,379,886.436 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 1,157,252.501 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 2,333,785.050 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 1,745,518.776 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 8,862,063.468 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 10,273,728.347 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 9,533,123.091 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 1.320 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 1.760 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 0.880 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 2 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
Log in to continue
Log in and subscribe to Full Access to see up to 5 years of analyst estimates.
Login — it's free(* All numbers are in thousands)
Current Key Metrics
Log in to continue
Log in to see all key valuation metrics and ratios for this symbol.
Login — it's freeForward P/E Ratios
Log in to continue
Log in with Full Access for forward P/E high/low estimates and the full multi-year table.
Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Financial Performance in Recent Quarter: As highlighted in the Q4 and full-year 2024 earnings call, Rocket Companies reported robust financial results, with key metrics such as revenue and net income showing positive trends compared to prior periods. This indicates operational efficiency and a solid market position within the mortgage industry.
- High Brand Recognition and Marketing Strategy: The earnings call emphasized an integrated marketing approach and brand restage to drive awareness and client acquisition. This strategic focus enhances RKT’s competitive edge in a crowded sector, potentially translating into sustained customer growth.
- Positive Free Cash Flow: Analysis of cash flow statements reveals consistent free cash flow generation, reflecting the company’s ability to fund operations, invest in growth, and manage liabilities without excessive reliance on external financing.
- Industry Positioning: RKT operates in the financial services sector with a focus on mortgage lending, benefiting from a large market cap and a stable employee base as per the company profile, which supports scalability and operational resilience.
Log in with Full Access for Weaknesses, Opportunities, Threats, and the complete SWOT.
At what price to buy it? -
Intrinsic Value Calculator
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about RKT valuation
Is Rocket Companies, Inc. (RKT) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Rocket Companies, Inc. (RKT) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is RKT a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether RKT trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is RKT’s P/E ratio?
You can see RKT’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for RKT?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is RKT a good long-term investment?
Whether RKT fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
RKT
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
3.67
Trading Metrics:
| Open: | 13.94 | Previous Close: | 14.43 | |
| Day Low: | 13.72 | Day High: | 14.99 | |
| Year Low: | 10.94 | Year High: | 24.36 | |
| Price Avg 50: | 17.05 | Price Avg 200: | 17.64 | |
| Volume: | 30.586M | Average Volume: | 30.171M |
Log in to continue
Log in for multi-period charts (1W–5Y), period tabs, and the same layout as members.
Login — it's freeRKT full analysis
Welcome to MARKETSNAP’s SWOT analysis for Rocket Companies, the powerhouse behind the Rocket Mortgage brand, trading under the ticker RKT. If you’re a long-term investor looking to build wealth, you’ve likely heard of this major player in the mortgage industry. Today, we’re diving deep into what makes Rocket Companies tick, breaking down their strengths, weaknesses, opportunities, and threats, while keeping an eye on what could drive this stock in the years ahead. Let’s get started with a quick snapshot of…
