Rocket Companies, Inc. (RKT) Stock

Rocket Companies, Inc. (RKT) is a Financials stock trading at $14.05 (as of 2026-08-20), with a market capitalization of $39.95B and a trailing P/E of 57.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Rocket Companies, Inc. operates technology-enabled businesses in real estate, mortgage, and e-commerce in the United States and Canada. It runs two segments—Direct to Consumer and Partner Network—supporting mortgage lending, title and settlement services, home search and agent referral, online car retail platforms, personal loans, and related digital offerings serving consumers and industry partners.

Understand Rocket Companies, Inc.: how it makes money

Rocket Companies provides tech-driven mortgage and home services in the U.S. and Canada, including Rocket Mortgage for mortgage origination, Amrock for title and settlement-related services, Rocket Homes for home search and agent referrals, and it also earns through its Partner Network.

Profitability is structurally tied to two linked engines, mortgage origination activity (Net rate lock volume) and the size of the mortgage servicing portfolio (Servicing portfolio unpaid principal balance), which supports recurring servicing cash revenue.

Business quality (Solid): The company reports both revenue and operating margin, and it highlights two operating drivers, net rate lock volume for origination momentum and servicing portfolio unpaid principal balance for ongoing servicing cash revenue.

Valuation: At 115× earnings, RKT trades 813% above the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Origination demand is actively measured: In the latest quarter, Net rate lock volume is 49.4 USD_B.
  • Servicing portfolio is large and supports recurring cash: Servicing portfolio unpaid principal balance is 2100.0 USD_B, and management reports Recurring annual cash revenue from servicing portfolio of 5.0 USD_B.

Bear case

  • Results can be sensitive to origination conditions: Net rate lock volume (49.4 USD_B) is one of the key operating metrics, so volatility in this driver can flow through to mortgage origination performance.
  • Ongoing earnings depend on the servicing book: Servicing portfolio unpaid principal balance (2100.0 USD_B) underpins Recurring annual cash revenue from servicing portfolio (5.0 USD_B), so changes in the servicing book can affect recurring cash generation.
Valuation — source: SEC EDGAR (first-party)
Price$14.05
Market Cap$39.95B
P/E Ratio57.1
EV / EBITDA33.5
Price / Book1.70
Price / Sales3.89
FCF Yield3.6%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$6.70B
Net Margin-1.0%
Revenue Growth (YoY)31.3%
EPS Growth (YoY)-123.8%
FCF Growth (YoY)49.0%
Valuation vs Sector & Industry
Stock P/E57.1
Sector P/E (Financials)15.1
Industry P/E (Banking)12.9
vs Sector277.0%
vs Industry341.7%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($1.69B)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryBanking
CEOVarun Krishna
Employees14,200
CountryUS
IPO Date2020-08-06

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RKT earnings history · RKT institutional & insider holders · RKT KPIs & operating metrics · RKT financials · RKT investor presentations & press releases · RKT SEC filings · RKT peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

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