Rocket Companies, Inc.
RKTUSRocket Companies, Inc. is a leading enterprise focused on leveraging technology across the real estate, mortgage, and e-commerce industries, with operations spanning the United States and Canada. The firm organizes its activities into two principal divisions: direct engagement with consumers and a collaborative partner network. Its extensive suite of solutions encompasses: Rocket Mortgage: A primary provider of mortgage lending services. Amrock: Offering vital services such as title insurance, property valuation, and transaction settlement. Rocket Homes: A comprehensive platform for home searching and a referral network connecting clients with real estate agents, employing technology to simplify the home buying and selling journey. Rocket Auto: An online marketplace for automotive retail that facilitates centralized and virtual support for car purchases. Rocket Loans: A service specializing in online personal loans. Core Digital Media: A digital advertising agency prominent in the mortgage, insurance, and education sectors. Rocket Solar: Connecting homeowners to digital financing options for solar energy installations through expert advisors. Truebill: A personal finance application designed to help users manage various aspects of their financial lives. Lendesk: A technology services company providing point-of-sale systems for mortgage professionals and loan origination software for private lenders. Edison Financial: A digital mortgage brokerage. Beyond these specific brands, Rocket Companies also undertakes the initiation, finalization, sale, and servicing of agency-conforming loans. Established in 1985, the company maintains its headquarters in Detroit, Michigan, and operates as a subsidiary of Rock Holdings, Inc.
Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.
- Sector
- Financial Services
- Sub-sector
- Mortgage & Real-Estate Finance
- Listing
- RKT
- Country
- US
Annual financials & analyst forecasts
| $M | CY2021 | CY2022 | CY2023 | CY2024 | CY2025 | CY2026E | CY2027E |
|---|---|---|---|---|---|---|---|
| Revenue YoY | — | -54% | -33% | 34% | 27% | 68% | 11% |
| Revenue | $13.18B | $6.00B | $4.04B | $5.40B | $6.84B | $11.47B | $12.72B |
| Gross Profit | $12.68B | $5.68B | $3.65B | $4.93B | $6.20B | — | — |
| Gross Profit Margin | 96.3% | 94.7% | 90.3% | 91.3% | 90.6% | — | — |
| EBITDA | $6.26B | $836M | ($293M) | $781M | $639M | $1.87B | $2.07B |
| EBITDA Margin | 47.5% | 13.9% | -7.2% | 14.5% | 9.3% | 16.3% | 16.3% |
| EBIT | $6.18B | $742M | ($403M) | $668M | $349M | $1.61B | $1.79B |
| Net Income | $308M | $46M | ($16M) | $29M | ($68M) | $1.70B | $2.41B |
| Free Cash Flow | $7.44B | $10.72B | ($56M) | ($3.43B) | ($4.07B) | — | — |
| FCF Margin | 56.5% | 178.5% | -1.4% | -63.6% | -59.6% | — | — |
| Short-Term Debt | $11.48B | $5.07B | $4.63B | $8.89B | $0M | — | — |
| Long-Term Debt | $9.22B | $4.85B | $4.53B | $4.76B | $0M | — | — |
| Cash & Cash Equivalents | $2.13B | $722M | $1.11B | $1.27B | $2.70B | — | — |
| Net Debt | $18.57B | $9.20B | $8.06B | $12.38B | ($2.70B) | — | — |
| Net Debt / EBITDA | 3.0x | 11.0x | — | 15.9x | -4.2x | — | — |
| Rule of 40 | — | 124.0% | -34.1% | -29.8% | -32.9% | — | — |