公司概述
Rocket Companies, Inc. operates as a fintech entity providing mortgage, real estate, and personal finance services within the United States and Canadian markets. The company functions primarily within the Financial Services sector and specifically the Mortgage Finance industry, which implies a high reliance on interest rate cycles and lending volume. Rocket Companies, Inc. holds a market capitalization of $42.18B and generates annual revenue (TTM) of $7.07B while employing approximately 23,500 individuals. These valuation and revenue figures indicate that the company maintains a substantial operational footprint and commands significant market presence relative to its peers in the mortgage finance landscape.
财务健康
The company reported a revenue (TTM) of $7.07B and an EBITDA of $890.00M, yet posted a net income (TTM) of $-68,000,000, revealing a cost structure where operating expenses or one-time charges significantly erode profitability before the bottom line. This divergence between robust EBITDA and negative net income suggests that non-operating costs or significant tax provisions are impacting the final earnings figure. The free cash flow stands at $-10,537,749,504, indicating a substantial outflow of cash that limits immediate financial flexibility for capital returns or aggressive debt repayment without external financing. Gross margin is reported at 100.0%, which is characteristic of the mortgage origination business model where the primary revenue driver is fee-based rather than spread-based lending. Operating margin sits at 17.9%, while profit margin is -1.0%, highlighting that the company generates significant operational efficiency but struggles to convert these operations into net earnings for shareholders. The firm holds $2.99B in cash against a total debt load of $33.82B, resulting in a debt-to-equity ratio of 147.69, which characterizes a highly leveraged balance sheet typical of mortgage finance firms that borrow to originate loans. The current ratio of 6.95 indicates a strong position in short-term liquidity, as current assets significantly exceed current liabilities, providing a buffer against immediate obligations. Return on Equity is -1.5% and Return on Assets is 0.9%, revealing that management effectiveness in generating returns on capital is currently negative for equity holders while barely covering asset costs.
估值评估
The trailing P/E ratio is listed as N/A due to negative earnings, while the forward P/E is 13.37, implying that the market prices the stock based on anticipated future earnings recovery rather than current profitability. The price-to-book ratio is 1.84, suggesting the market values the company at a premium of 84% over its tangible book value, reflecting confidence in intangible assets or future growth potential. The price-to-sales ratio stands at 5.97 and the EV/EBITDA is 82.04, indicating that valuation is heavily weighted toward revenue multiples and earnings power adjusted for enterprise value, which are standard metrics for high-growth or cyclical financial firms. The stock has traded between a 52-week high of $24.36 and a 52-week low of $10.94, with the current price position needing context relative to this specific range to gauge volatility extremes. A beta of 2.36 indicates that the stock exhibits high price volatility, moving more than twice as much as the broader market index in response to general market movements.
Growth & Income
Revenue growth (YoY) is 52.6%, whereas earnings growth (YoY) is -89.5%, demonstrating that earnings are growing significantly slower than revenue, specifically declining sharply despite top-line expansion. The company does not pay dividends, as evidenced by a dividend yield of N/A and a payout ratio of 0.0%, meaning the firm reinvests all available earnings and cash flows back into the business or uses them to service its substantial debt obligations. The overall growth and income profile is defined by rapid top-line expansion coupled with negative bottom-line performance and a complete absence of income distribution to shareholders. This specific combination of high revenue growth, negative earnings, and zero dividends places the company in a distinct category of expansion-focused financial institutions rather than income-generating vehicles.