Rithm Capital Corp. (RITM) Stock

Rithm Capital Corp. (RITM) is a Real Estate stock trading at $10.18 (as of 2026-08-21), with a market capitalization of $5.68B and a trailing P/E of 12.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Rithm Capital Corp. provides capital and related services focused on the real estate and financial services sectors in the United States. Its investment portfolio includes mortgage-servicing-related assets, residential securities and loans, and consumer loans, and it operates as a real estate investment trust for federal income tax purposes.

Understand Rithm Capital Corp.: how it makes money

Rithm Capital provides capital and services for U.S. real estate and financial services, earning money from mortgage origination and mortgage servicing-related income, supported by owning mortgage servicing assets and servicing for third parties.

Rithm’s profit engine is the combination of mortgage origination volume and the scale of mortgage servicing rights, where fee and interest income tied to servicing assets drives results (with earnings also influenced by mortgage servicing rights mark-to-market and related hedge impact).

Revenue by segment (latest quarter)
Origination	$0.8B
Servicing	$0.5B
Asset Mgmt	$0.1B

Business quality (Solid): The operating KPIs focus on mortgage servicing rights scale and new origination activity, which link directly to the revenue streams discussed in the company’s segment figures, but reported results can be affected by mortgage servicing rights mark-to-market and related hedge impact.

Valuation: At 9× earnings, RITM trades 74% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

Servicing-led income base: The company’s segment figures include servicing fee revenue net and interest income from mortgage servicing rights, indicating servicing is a core earnings contributor.
Scale across MSRs and originations: Its KPIs include both mortgage servicing rights unpaid principal balance and new residential funded volume, tying performance to servicing asset scale and origination throughput.
Tax structure can reduce federal corporate tax if it meets distribution requirements: It qualifies as a REIT for federal income tax purposes and generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to stockholders.

Bear case

Potential earnings volatility from MSR mark-to-market and hedging: Segment pre-tax income candidates explicitly reference excluding mortgage servicing rights mark-to-market and related hedge impact, implying these items can affect reported results.
Cash distribution requirement could constrain reinvestment flexibility: To generally avoid federal corporate income taxes, the company generally needs to distribute at least 90% of taxable income to stockholders, which may limit funds available for other uses.

Valuation — source: SEC EDGAR (first-party)
Price	$10.18
Market Cap	$5.68B
P/E Ratio	12.2
EV / EBITDA	42.1
Price / Book	0.63
Price / Sales	1.08
DCF Value (model)	$25.17
DCF Upside vs Price	147.2%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$4.59B
Net Margin	15.2%
Revenue Growth (YoY)	5.4%
EPS Growth (YoY)	-92.6%

Valuation vs Sector & Industry
Stock P/E	12.2
Sector P/E (Real Estate)	27.2
Industry P/E (Trading)	35.3
vs Sector	-55.1%
vs Industry	-65.4%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($680.06M)
Institutional Holders Tracked	10
Congressional Trades (recent)	2

Company
Sector	Real Estate
Industry	Trading
CEO	Michael Nierenberg
Employees	6,045
Country	US
IPO Date	2013-05-02

Related Companies (Business model: Equity REIT (Real Estate Investment Trust); 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.