公司概述
Rithm Capital Corp. functions as an asset manager specializing in real estate, credit, and financial services within the United States, executing operations across origination and servicing, residential transitional lending, and asset management portfolios. The company is classified within the Real Estate sector and specifically operates in the REIT - Mortgage industry, a classification that defines its focus on providing mortgage-related financial products and services rather than owning physical properties for rental income. As of the latest data, the corporation holds a market capitalization of $5.35B and generates annual revenue of $3.78B while employing 7,240 individuals. These valuation and revenue figures indicate that Rithm Capital Corp. maintains a significant scale within the specialized mortgage finance niche, reflecting a substantial operational footprint capable of managing complex credit portfolios and servicing extensive loan origination activities.
财务健康
The company reported a revenue of $3.78B for the trailing twelve months, with a corresponding net income of $567.20M, while specific EBITDA figures are not disclosed in the available data. The substantial difference between the $3.78B revenue and the $567.20M net income reveals a cost structure where operating expenses, interest costs, and other deductions consume approximately 84.8% of total revenue before reaching the bottom line. Regarding liquidity, specific free cash flow metrics are not currently reported, which limits the direct assessment of immediate cash generation capabilities from operations independent of financing activities. The company demonstrates a gross margin of 100.0%, indicating that its primary revenue streams likely consist of fee-based income or interest income where costs of goods sold are negligible or immaterial. Operating margin stands at 19.2% and profit margin is recorded at 18.4%, suggesting that after covering all operational and interest expenses, the firm retains roughly one-fifth of its revenue as profit. On the balance sheet side, the company holds $1.89B in cash against total debt of $40.05B, resulting in a debt-to-equity ratio of 432.76, which signifies a highly leveraged financial position typical for mortgage REITs but indicating limited cushion against interest rate shocks. The current ratio of 1.02 suggests that the company's short-term assets are just barely sufficient to cover its short-term liabilities, pointing to tight liquidity management. Return on Equity is 8.4% and Return on Assets is 1.4%, metrics that reveal management effectiveness is moderate relative to the high leverage employed, as returns on the asset base are diluted by the substantial debt load.
估值评估
The trailing twelve-month P/E ratio is 9.26, while the forward P/E is projected at 4.16, implying that the market expects earnings to increase significantly in the future to justify the lower forward multiple. The price-to-book ratio is 0.76, indicating that the stock trades at a discount to its book value, which may reflect market skepticism regarding the sustainability of assets or the high leverage inherent in the mortgage REIT model. Alternative valuation metrics include a price-to-sales ratio of 1.42 and an EV/EBITDA figure that is not available, suggesting that revenue-based comparisons are the primary tool for assessing value in the absence of normalized earnings multiples. The 52-week trading range spans from a low of $8.43 to a high of $12.74; without the specific current share price in the provided facts, the precise percentage distance from the high cannot be calculated, but the wide range indicates significant intrayear volatility. The beta value of 1.19 indicates that the stock's price volatility is 19% higher than the broader market, reflecting the elevated risk profile associated with interest rate sensitivity and leverage in the mortgage sector.
Growth & Income
Revenue growth year-over-year declined by 8.3%, while earnings growth year-over-year plummeted by 81.0%, indicating that earnings are shrinking at a rate far faster than revenue, likely due to margin compression or asset quality issues. The company offers a dividend yield of 10.4% with a payout ratio of 96.2%, a structure where the payout ratio is unsustainable given the recent 81.0% decline in earnings and the highly leveraged balance sheet. Because the payout ratio exceeds the profit margin significantly, the company relies on cash flows or asset sales rather than retained earnings to fund these dividends. The overall growth and income profile is characterized by declining profitability, high debt service obligations, and a dividend yield that may not be sustainable without a material improvement in earnings performance.