Rocket Companies, Inc.

Rocket Companies, Inc.

RKTยทNYSE

$12.94

-7.8%
Financial ServicesFinancial - Mortgages

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.

At a Glance

Live Snapshot
Market Cap$36.54B
EPS-0.0514
P/E Ratio-376.48
Earnings Date07/30/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -376.5).

Valuation inputs: P/E -376.5, earnings yield N/A, momentum -7.8%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -0.3%, ROIC +3.4%).

Profitability stack: net margin -1.0%, ROE -0.3%, ROIC +3.4%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +62.3%, momentum -7.8%, net margin -1.0%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Rocket Companies, Inc. Market vs Earnings Trajectory

RKT ยท NYSE

Loading price and EPS data...

Rocket Companies, Inc.

Rocket Companies, Inc. Fair Value Envelope

RKT ยท NYSE

Our analysis suggests that RKT has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $12.94, this represents a potential HIDDEN relative to our calculated worth for Rocket Companies, Inc..

Intrinsic Value
Current Price: $12.94
3Y-113.0%
5Y-103.0%
10Y-101.0%
3Y+15.0%
5Y-57.0%
10Y+62.0%
3Y-246.0%
5Y-134.0%
10Y-109.0%
3Y-136.0%
5Y+134.0%
10Y+1518.0%
3Y-137.0%
5Y+125.0%
10Y+1194.0%
3Y+202.0%
5Y+62.0%
10Y+425.0%
Rocket Companies, Inc.

Rocket Companies, Inc. Profit Bridge

RKT ยท NYSE
Revenue6.88B
Cost of Goods Sold (580.00M)
Gross Profit6.30B
Operating Expenses (5.70B)
Operating Income600.00M
Interest Expense (814.00M)
Other Income/Expense-814.00M
Pretax Income-214.00M
Income Tax (20.00M)
Net Income-68.00M
Net Income
-68.00M

Profitability Analysis

Gross Margin

91.6%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

8.7%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

-1.0%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

91.57%
Gross Profit Margin
3Y-3.0%
5Y-6.0%
10Y-4.0%
8.72%
Operating Profit Margin
-29%
3Y-29.0%
5Y-85.0%
10Y-52.0%
-0.99%
Net Profit Margin
-282%
3Y-228.0%
5Y-179.0%
10Y-105.0%
-0.30%
Return on Equity
-107%
3Y-104.0%
5Y-101.0%
10Y-
-0.11%
Return on Assets
-194%
3Y-148.0%
5Y-121.0%
10Y-
3.42%
Return on Invested Capital
31%
3Y-2.0%
5Y-86.0%
10Y-
RKT

Rocket Companies, Inc. Cash Conversion Engine

RKT ยท NYSE
Net Income-234.00M
Depreciation & Amortization290.00M
Stock-Based Compensation343.00M
Change in Working Capital502.00M
Others-4.84B
Capital Expenditures-91.00M
Free Cash Flow-4.02B

Cash Flow Quality Analysis

FCF Conversion Rate

1717.1%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

-2.3%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-17.0%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$502.00M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

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Rocket Companies, Inc. Funding & Solvency Profile

RKT ยท NYSE
Cash & Cash Equivalents2.69B
Net Receivables1.62B
Inventory0.00
Other Current Assets0.00
Total Current Assets4 B
Property, Plant & Equipment273.00M
Goodwill & Intangible Assets12.72B
Long-Term Investments0.00
Other Non-Current Assets0.00
Total Non-Current Assets273 M
Total Assets
59.44B

Financial Health Analysis

Debt-to-Equity Ratio

1.56x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

4 B

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

7% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

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Rocket Companies, Inc. Street Expectations Map

RKT ยท NYSE

Wall Street analysts project that RKT stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 21.63, with estimates ranging from a low of 17.00 to a high of 25.00.

Lowest Target
17.00
31.38%
Consensus Target
21.63
67.16%
Highest Target
25.00
93.20%

The consensus 1-year price target stands at 21.63, with estimates ranging from a low of 17.00 to a high of 25.00.

Analyst Consensus Analysis

Upside Potential

+67.2%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

37.0% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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Rocket Companies, Inc. Insider Positioning

RKT ยท NYSE

During the last 12 months, insiders have sold $2.01M worth of RKT shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

60.0K

1.18M

Net Activity

-1.2M

-$1.18M

6-9 Months

Bought

0

0.00

Sold

45.0K

825.65K

Net Activity

-826K

-$826K

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

1
RM

Rizik Matthew

Director

105.0K sharesโ€ข42 transactions

$2.01M

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $2.01M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

1 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

0.00%
Dividend Yield
3Y-100.0%
5Y-100.0%
10Y-
ย 

rkt Dividend History

RKT
10Y CAGR 3%
Latest $0.8
Annual $0.8
Dividend decline trend
Last Period: 21%