Rocket Companies Inc
NYSE:RKT

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Rocket Companies Inc
NYSE:RKT
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Price: 11.82 USD 1.63% Market Closed
Market Cap: 23.6B USD
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Rocket Companies Inc
Interest Income Expense

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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Rocket Companies Inc
Interest Income Expense Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Interest Income Expense CAGR 3Y CAGR 5Y CAGR 10Y
Rocket Companies Inc
NYSE:RKT
Interest Income Expense
-$360m
CAGR 3-Years
6%
CAGR 5-Years
-9%
CAGR 10-Years
N/A
MGIC Investment Corp
NYSE:MTG
Interest Income Expense
-$35.6m
CAGR 3-Years
21%
CAGR 5-Years
8%
CAGR 10-Years
7%
PennyMac Financial Services Inc
NYSE:PFSI
Interest Income Expense
N/A
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
UWM Holdings Corp
NYSE:UWMC
Interest Income Expense
-$1.2B
CAGR 3-Years
-92%
CAGR 5-Years
-69%
CAGR 10-Years
N/A
Enact Holdings Inc
NASDAQ:ACT
Interest Income Expense
-$51.9m
CAGR 3-Years
-42%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Mr Cooper Group Inc
NASDAQ:COOP
Interest Income Expense
$18m
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
0%
No Stocks Found

Rocket Companies Inc
Glance View

Market Cap
23.6B USD
Industry
Financial Services
Economic Moat
None

Rocket Companies Inc., the juggernaut in the mortgage sector, has seamlessly woven itself into the fabric of American home financing. Emerging from the industrial heart of Detroit, this digital platform has revolutionized how Americans approach securing their dream homes. At its core is the flagship product, Rocket Mortgage, which has spearheaded the company’s strategy to simplify and streamline the mortgage application process. By transitioning much of the mortgage process online, Rocket Mortgage has offered consumers an efficient, user-friendly alternative to traditional, paperwork-heavy procedures. Their digital-first approach not only reduces operational burdens but also accelerates approval times, making the home-buying journey less daunting for millions. The company generates revenue primarily through the origination of loans, where they craft mortgage structures and then sell the loans to investors. This business model capitalizes on both the initial fees garnered during the loan origination process and the premiums obtained from selling the loans. Apart from these core operations, Rocket Companies has ventured into adjacent financial services, offering personal loans and even delving into real estate through Rocket Homes. Through these subsidiary ventures, the company aims at reducing its dependency on mortgage interest rates and diversifying its income streams. In doing so, Rocket Companies Inc. builds a resilient business model, positioning itself not merely as a mortgage lender but as a comprehensive financial services provider.

RKT Intrinsic Value
13.26 USD
Undervaluation 11%
Intrinsic Value
Price

See Also

What is Rocket Companies Inc's Interest Income Expense?
Interest Income Expense
-360m USD

Based on the financial report for Dec 31, 2023, Rocket Companies Inc's Interest Income Expense amounts to -360m USD.

What is Rocket Companies Inc's Interest Income Expense growth rate?
Interest Income Expense CAGR 5Y
-9%

Over the last year, the Interest Income Expense growth was -12%. The average annual Interest Income Expense growth rates for Rocket Companies Inc have been 6% over the past three years , -9% over the past five years .

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