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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Net Margin
Rocket Companies Inc

-0.4%
Current
1%
Average
14%
Industry

Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.

Net Margin
-0.4%
=
Net Income
-15.1m
/
Revenue
4.3B

Net Margin Across Competitors

Country US
Market Cap 23.6B USD
Net Margin
0%
Country US
Market Cap 9.4B USD
Net Margin
-1%
Country US
Market Cap 6.1B USD
Net Margin
26%
Country US
Market Cap 6.1B USD
Net Margin
64%
Country BM
Market Cap 5.7B USD
Net Margin
60%
Country US
Market Cap 5.1B USD
Net Margin
57%
Country US
Market Cap 5.2B USD
Net Margin
8%
Country US
Market Cap 4.8B USD
Net Margin
46%
Country US
Market Cap 4.6B USD
Net Margin
-98%
Country US
Market Cap 4.1B USD
Net Margin
38%
Country IN
Market Cap 320.3B INR
Net Margin
18%
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

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What is Net Margin?

Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.

Net Margin
-0.4%
=
Net Income
-15.1m
/
Revenue
4.3B
What is the Net Margin of Rocket Companies Inc?

Based on Rocket Companies Inc's most recent financial statements, the company has Net Margin of -0.4%.