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Rocket Companies, Inc., a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; Rocket Auto, a virtual marketplace where consumers can shop and compare vehicles of many makes and models from a wide network of dealers; and Rocket Loans, an online-based personal loans business. It also offers Core Digital Media, a digital, social, and display advertiser in the mortgage, insurance, and education sectors; Rocket Solar, a tech-driven, residential solar energy provider; Rocket Money, a personal finance app that helps clients manage every aspect of their financial lives; Lendesk, a software services company that provides a point of sale system for mortgage professionals and a loan origination system for private lenders; Rocket Central, a professional services organization that provides technology, data, marketing, communication and other services; Rock Connections, a sales and support platform specializing in contact center services; Rocket Innovation Studio that recruits and mentors top technology talent; and Edison Financial, a digital mortgage broker. In addition, the company originates, closes, sells, and services agency-conforming loans. Rocket Companies, Inc. was founded in 1985 and is headquartered in Detroit, Michigan. Rocket Companies, Inc. operates as a subsidiary of Rock Holdings Inc.
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| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 741.91M | 6184.90M | 9531.66M | 898.37M | 618.10M |
| Minority interest | -653.51M | -5763.95M | 7391.65M | 5.01M | 6.17M |
| Net income | 699.93M | 6072.16M | 9399.28M | 893.75M | 612.89M |
| Selling general administrative | 3704.06M | 4540.23M | 4291.38M | 2765.17M | 2295.96M |
| Selling and marketing expenses | 945.69M | 1249.58M | 949.93M | 905.00M | 878.03M |
| Gross profit | 5684.90M | 12683.73M | 15548.88M | 4983.05M | 3491.11M |
| Reconciled depreciation | 94.02M | 74.71M | 74.32M | 74.95M | 76.92M |
| Ebit | 160.92M | 420.95M | 330.33M | 899.74M | 844.88M |
| Ebitda | 254.94M | 495.66M | 404.65M | 974.69M | 921.80M |
| Depreciation and amortization | 94.02M | 74.71M | 74.32M | 74.95M | 76.92M |
| Operating income | 160.92M | 420.95M | 330.33M | 899.74M | 844.88M |
| Other operating expenses | 5096.58M | 12262.78M | 4539.72M | 3330.62M | 2646.24M |
| Interest expense | 319.98M | 491.89M | 431.82M | 271.77M | 229.35M |
| Tax provision | 41.98M | 112.74M | 132.38M | 5.98M | 2.64M |
| Interest income | 350.59M | 430.09M | 431.82M | 271.77M | 229.35M |
| Net interest income | 30.61M | -61.80M | -102.23M | -21.02M | -28.42M |
| Income tax expense | 41.98M | 112.74M | 132.38M | 5.98M | 3.24M |
| Total revenue | 5684.90M | 12683.73M | 15548.88M | 4983.05M | 4079.54M |
| Total operating expenses | 5096.58M | -12262.78M | 4539.72M | 3330.62M | -2646.24M |
| Cost of revenue | - | - | - | - | 588.43M |
| Total other income expense net | 580.99M | 5763.95M | 9201.33M | -1.37M | -229.62M |
| Net income from continuing ops | 699.93M | 6072.16M | 9399.28M | 892.39M | 612.62M |
| Net income applicable to common shares | 46.42M | 308.21M | 197.95M | 197.95M | 197.95M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 20082.21M | 32774.89M | 37534.60M | 20077.33M | 11553.45M |
| Intangible assets | 6946.94M | 5385.61M | 2862.68M | 2874.97M | 3180.53M |
| Other current assets | 7575.41M | -9.75M | -653.65M | 14561.17M | 6568.94M |
| Total liab | 11606.66M | 23015.36M | 29652.45M | 16574.40M | 8772.55M |
| Total stockholder equity | 576.70M | 665.66M | 490.50M | 3497.91M | 2774.73M |
| Other current liab | 613.69M | -346.54M | -626.96M | -322.30M | 146.23M |
| Common stock | 0.02M | 0.02M | 0.02M | 3498.07M | 2775.59M |
| Capital stock | 0.02M | 0.02M | 0.02M | 3498.07M | 2775.59M |
| Retained earnings | 300.39M | 378.00M | 207.42M | 0.00M | - |
| Other liab | 1117.04M | 1544.17M | 1242.96M | 450.18M | 421.35M |
| Good will | 1258.93M | 1296.93M | 47.23M | 40.26M | 46.98M |
| Other assets | 16922.65M | 24566.08M | 32023.92M | 14867.90M | 8123.38M |
| Cash | 722.29M | 2131.17M | 1971.09M | 1350.97M | 1053.88M |
| Cash and equivalents | 722.29M | 2131.17M | 1971.09M | 1394.57M | 1053.88M |
| Total current liabilities | 572.56M | 346.54M | 626.96M | 322.30M | 257.68M |
| Net debt | 7983.49M | 17130.53M | 19983.76M | 4298.71M | 2984.81M |
| Short term debt | 456.23M | 75.00M | 375.00M | 165.00M | 165.00M |
| Short long term debt | 0.00M | 75.00M | 705.27M | 165.00M | 165.00M |
| Short long term debt total | 8705.78M | 19261.70M | 21954.85M | 5649.69M | 4038.70M |
| Other stockholder equity | 276.22M | 287.56M | 282.74M | 428.39M | 360.52M |
| Property plant equipment | 274.19M | 682.27M | 449.71M | 455.37M | 202.56M |
| Total current assets | 722.29M | 2140.93M | 1993.26M | 1633.72M | 8123.38M |
| Long term investments | 7456.55M | 19879.77M | 205.03M | 205.11M | - |
| Net tangible assets | -682.22M | 665.66M | -2419.41M | 595.31M | -452.79M |
| Net receivables | 10.80M | 9.75M | 22.17M | 282.75M | 229.03M |
| Long term debt | 8283.01M | 18704.52M | 3421.94M | 2420.29M | 2413.25M |
| Inventory | - | - | - | - | 271.52M |
| Accounts payable | 116.33M | 271.54M | 251.96M | 157.29M | 92.68M |
| Noncontrolling interest in consolidated entity | 7898.85M | 9093.87M | 7391.65M | - | - |
| Accumulated other comprehensive income | 0.07M | 0.08M | 0.32M | -0.15M | -0.87M |
| Common stock total equity | 0.02M | 0.02M | 0.02M | 3498.07M | 2775.59M |
| Retained earnings total equity | 300.39M | 378.00M | 207.42M | - | - |
| Non currrent assets other | -6987.28M | -6067.88M | -519.93M | -3575.71M | - |
| Non current assets total | 2437.27M | 6067.88M | 3517.43M | 3575.71M | 3430.07M |
| Capital lease obligations | 422.77M | 482.18M | 272.27M | 314.35M | - |
| Long term debt total | 8274.67M | 18690.78M | 3421.94M | 2420.29M | 2413.25M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | 14.59M | -61.10M | 517.20M | 71.89M | -94.48M |
| Change to liabilities | -155.21M | 11.17M | 94.56M | 64.67M | -49.08M |
| Total cashflows from investing activities | 578.74M | -664.85M | 517.20M | 71.89M | -94.48M |
| Net borrowings | -10501.08M | -2746.45M | 6940.12M | 7436.30M | -965.86M |
| Total cash from financing activities | -12823.79M | -6921.47M | 1757.66M | 7197.44M | -1672.71M |
| Change to operating activities | -324.27M | 125.48M | -237.33M | -14.02M | -64.72M |
| Net income | 699.93M | 6072.16M | 9399.28M | 892.39M | 614.86M |
| Change in cash | -1422.50M | 157.49M | 598.38M | 310.96M | -337.06M |
| Begin period cash flow | 2211.60M | 2054.10M | 1455.72M | 1101.17M | 1473.39M |
| End period cash flow | 789.10M | 2211.60M | 2054.10M | 1412.13M | 1136.32M |
| Total cash from operating activities | 10823.50M | 7743.93M | -1677.37M | -6959.25M | 1431.18M |
| Issuance of capital stock | 37.76M | 41.98M | 1750.80M | - | 0.00M |
| Depreciation | 94.02M | 74.71M | 74.32M | 74.95M | 76.92M |
| Other cashflows from investing activities | 657.28M | -485.46M | 60.52M | 2.83M | -1.33M |
| Dividends paid | 2139.02M | 3567.24M | 1375.18M | 1375.18M | 1375.18M |
| Change to inventory | - | - | - | -93.76M | -68.46M |
| Change to account receivables | - | - | 0.06M | -262.47M | 5.04M |
| Sale purchase of stock | -177.70M | -231.58M | -3807.28M | -210.94M | -706.85M |
| Other cashflows from financing activities | -2182.05M | 3149.07M | 1302.07M | 7197.44M | -618.53M |
| Change to netincome | 10123.56M | 1671.77M | -1806.87M | -8001.46M | 853.20M |
| Capital expenditures | 107.76M | 302.82M | 106.35M | 48.84M | 64.47M |
| Cash and cash equivalents changes | -1421.55M | 157.61M | 597.49M | - | - |
| Change in working capital | -452.61M | 136.40M | -138.76M | -292.29M | -113.16M |
| Stock based compensation | 216.00M | 163.71M | 136.19M | 39.70M | 33.64M |
| Other non cash items | 10229.97M | 1248.62M | -11214.92M | -5058.94M | 2787.64M |
| Free cash flow | 10715.73M | 7441.11M | -1783.72M | -7008.09M | 1366.71M |
Sector: Financial Services Industry: Mortgage Finance
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
|---|---|---|---|---|---|---|
| RKT Rocket Companies Inc |
0.24 1.62% |
15.06 | 8.17 | 62.50 | 7.58 | 3.14 |
| FMCCT Federal Home Loan Mortgage Corp Pref Perpetual |
0.21 1.98% |
10.81 | 197.79 | - | 2.68 | - |
| FNMFO Federal National Mortgage Association |
-1000.00 3.70% |
26000.00 | 1000000.00 | - | 0.55 | - |
| FNMAS Federal National Mortgage Association Pref S |
-0.08 1.03% |
7.68 | 1701.43 | - | 0.55 | - |
| FNMAJ Federal National Mortgage Association Pref R |
-0.02 0.33% |
6.11 | 1435.71 | - | 0.50 | - |
Rocket Companies, Inc., a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; Rocket Auto, a virtual marketplace where consumers can shop and compare vehicles of many makes and models from a wide network of dealers; and Rocket Loans, an online-based personal loans business. It also offers Core Digital Media, a digital, social, and display advertiser in the mortgage, insurance, and education sectors; Rocket Solar, a tech-driven, residential solar energy provider; Rocket Money, a personal finance app that helps clients manage every aspect of their financial lives; Lendesk, a software services company that provides a point of sale system for mortgage professionals and a loan origination system for private lenders; Rocket Central, a professional services organization that provides technology, data, marketing, communication and other services; Rock Connections, a sales and support platform specializing in contact center services; Rocket Innovation Studio that recruits and mentors top technology talent; and Edison Financial, a digital mortgage broker. In addition, the company originates, closes, sells, and services agency-conforming loans. Rocket Companies, Inc. was founded in 1985 and is headquartered in Detroit, Michigan. Rocket Companies, Inc. operates as a subsidiary of Rock Holdings Inc.
1050 Woodward Avenue, Detroit, MI, United States, 48226
313 373 7990
18500
| Name | Title | Year Born |
|---|---|---|
| Mr. Daniel B. Gilbert | Founder & Chairman | 1962 |
| Mr. Jay D. Farner | Vice Chairman & CEO | 1973 |
| Mr. Robert Dean Walters Jr. | Pres & COO | 1965 |
| Mr. Brian Nicholas Brown | CFO & Treasurer | NA |
| Ms. Sharon Ng | VP of Investor Relations | NA |
| Ms. Tina V. John | Gen. Counsel & Sec. | NA |
| Ms. KimArie Yowell | Chief Diversity Officer | NA |
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