Rocket Companies RKT

Mortgages. Rocket Companies, Inc., listed on NYSE.

Based on the FY2025 annual report (Jan 2025 – Dec 2025)

Rocket Companies' market cap is
about $42.17 billion.

#248 by market cap among 289 companies, based on the Nov 5, 2026 close. FY2025 revenue was $6.695B.

Share price (close): $14.82; Close on Nov 5, 2026 · per share
P/E ratio: —; Net loss, or no EPS reported
Market cap: $42.17B; #248 of 289
Revenue: $6.695B; #251 of 299 · +31.2% YoY
Operating income: —; Not reported
Net income: −$68M; #283 of 298 · −334.5% YoY
Free cash flow: −$4.018B; #255 of 261 · −48.9% YoY
Total assets: $60.685B; #128 of 299 · +147.6% YoY
Dividends paid: —; Not reported
Dividend per share: —; Not reported
Dividend yield: —; No dividend, or a different currency
Shares outstanding: 1,322,362,708 shares; As of Dec 31, 2025

Size, put in perspective

Revenue every second$212$18.3M a day

Net loss every second$2$186,000 a day

Market cap vs Capital One0.3×Rocket Companies ÷ Capital One

Calculated from the FY2025 annual report, spread evenly over 365 days.

Where the revenue went

Revenue is set at 100% and split into what went to costs, R&D, operating expenses and taxes, and what was left as profit.

Expenses103.2%
Loss1.0%

Non-operating gains such as investment income (2.2% of revenue) offset part of the loss, so the net loss is smaller than the operating loss.

Profitability and stability

Each figure comes with its rank among 300 companies. The further right the dot, the higher the rank.

Revenue growthHow much revenue grew from the previous fiscal year: +31.2%; #24 of 299; Revenue grew sharply over the year. The median across 299 companies is +7.9%.
Operating marginShare of revenue kept as profit from the core business: —; Not ranked; Banks and insurers often don't report operating income, so look at pretax income instead.
Net marginShare of revenue left as profit after interest and taxes: −1.0%; #284 of 298; The company lost the equivalent of 1.0% of revenue. The median across 298 companies is 14.0%.
FCF marginShare of revenue left as cash after capital spending: −60.0%; #258 of 261; The company spent more on investment than it generated in cash. The median across 261 companies is 15.8%.
ROEHow much profit the company earned on shareholders' equity in a year: −0.4%; #261 of 276; ROE is negative because of a net loss. The median across 276 companies is 16.8%.
Debt-to-equityLiabilities relative to equity. Lower means less debt: —; Not ranked; Bank and insurer liabilities include customer deposits and insurance reserves, so they aren't compared with other industries.

Revenue and profit over time

Gray bars show revenue and the green part inside shows net income. The number above each bar is revenue (abbreviated) and the number below is net margin. Hover over a bar to see the exact amounts.

Currency: US dollars. Years are the years in which each fiscal year ended.

Where the cash went

Unlike profit, cash flow is money that actually came in and went out.

Cash from operations−$3.927B
Capital spending−$91M
Cash shortfall (FCF)−$4.018B

Whose money funds the assets

The company's assets, split into borrowed money (liabilities) and shareholders' money (equity).

Liabilities 62%Equity 38%

Total assets$60.685B
Total liabilities$37.787B
Total equity$22.898B
Cash and equivalents$2.696B

For banks and insurers, customer deposits and insurance reserves count as liabilities, so the liability share looks large.

Compared with similar companies

Based on each company's latest annual report, so fiscal year ends may differ.

Compare in detail

Company	Annual revenue	Net income	Revenue growth	Operating margin	Net margin
Rocket CompaniesRKT	$6.695B	−$68M	+31.2%	—	−1.0%
Capital OneCOF	$53.434B	$2.453B	+36.6%	—	4.6%
American ExpressAXP	$41.304B	$10.833B	+6.4%	—	26.2%

What the company does

Rocket Companies is the leading online mortgage lender. It acquired Mr. Cooper in 2025.

The fiscal year ends around December each year.

Related companies: Capital One, American Express

Financial statements

Last 5 fiscal years. Currency: US dollars.

Show the table

Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	12.914466B	5.838493B	3.799B	5.101B	6.695B
Gross profit	8.25585B	2.599252B	—	—	—
Pretax income	6.184901B	741.911M	−403M	668M	−214M
Net income	308.21M	46.421M	−16M	29M	−68M
EPS (diluted)	$2.32	$0.28	$-0.15	$0.21	$-0.05
Operating cash flow	7.743928B	10.823495B	111M	−2.63B	−3.927B
Capital expenditures	118.291M	93.124M	60M	68M	91M
Free cash flow (FCF)	7.625637B	10.730371B	51M	−2.698B	−4.018B
Total assets	32.774895B	20.082212B	19.23174B	24.51B	60.685B
Total liabilities	23.015363B	11.606663B	10.93003B	15.467B	37.787B
Total equity	9.759532B	8.475549B	8.302B	9.043B	22.898B
Cash and equivalents	2.131174B	722.293M	1.108B	1.273B	2.696B
Original filing	10-K	10-K	10-K	10-K	10-K

Source: SEC EDGAR filings for Rocket Companies, Inc. · CIK 0001805284 · US-GAAP