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Rithm Capital Corp.

RITM Real Estate Reit Mortgage

Rithm Capital Corp.’s revenue for fiscal 2025 (year ended December 2025) was $3.2 billion, down 12.9% from fiscal 2024.

Revenue
+55.6%
EPS
+8.33%
Free cash flow
+34.6%
Total debt
+20.8%

Quarter to September 2026, against a year earlier

9.43 0.02 −0.21%
Market cap
$5.3B
P/E
14.6×
Fwd P/E
10.1×
Dividend yield
10.6%
F-score
2/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 1.94
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 1 — — 1 — — 1 — — 1
Insider Ownership 0.51%

Capital & Financial Ratios $m

Size
Market Cap 5,280.00
Revenue ttm 3,622.93
Net income ttm 529.24
Free cash flow ttm (1,596.24)
Net debt Q 39,794.18
Valuation
P/E 14.55
Forward P/E 10.10
Price / sales 1.46
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.70
Financial health
Current ratio Q 0.55
Debt / equity Q 4.62
Interest coverage Q 2.08
Growth
Revenue growth Q +55.62% (above 0%: growing)
Operating income growth Q +56.35% (above 0%: growing)
EPS, this year −1.16% (below 0%: weak)
EPS, next year A +1.30%
Revenue, next year A +91.39% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +1.67%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 12.4×, against a ten-year median of 12.5×; over the ten years it ranged from 4.4× in 2023 to 114× in 2021.
P/E against its own 10 years 91.56%
10-year low 10-year high
P/S against its own 10 years 13.35%
10-year low 10-year high
P/B against its own 10 years 11.92%
10-year low 10-year high
EV/Sales against its own 10 years 47.38%
10-year low 10-year high

Dividends

Yield
10.6%
Annual rate
1.00
Payout ratio
158.7%
Growth, 2017–25
−8.18%/yr
  1. 1.98 ’17
  2. 2.00 ’18 +1
  3. 2.00 ’19 +0
  4. 0.50 ’20 −75
  5. 0.90 ’21 +80
  6. 1.00 ’22 +11
  7. 1.00 ’23 +0
  8. 1.00 ’24 +0
  9. 1.00 ’25 +0
  10. 1.00 ’26e +0
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,287 1,459 1,848 2,449
Receivables — — — —
Inventory — — — —
Other — — — —
8,266 11,784 15,094 16,469
2023 2024 2025 Q'26
Payables — — — —
ST’ Debt 4,947 23,876 22,695 26,325
Other — — — —
7,012 26,507 26,044 29,809

Compound Annual Growth %

10y 5y 3y
Sales 17.49% 64.52% (5.47%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 7.76% 0.00% (13.12%)
Book Value 11.59% 10.49% 8.45%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.51 Actual 0.55

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.55 0.74 Beat by 0.19
Q1 FY26 0.53 0.51 Miss by 0.02
Q2 FY26 0.50 0.60 Beat by 0.10
Q3 FY26 0.51 0.55 Beat by 0.04
Q4 FY26 0.68 — Reports 2 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.12 0.04 0.38 — —
’25 0.07 0.53 0.35 0.09 1.04
’24 0.54 0.43 0.20 0.50 1.67
’23 0.14 0.74 0.40 (0.18) 1.10
’22 1.37 (0.01) 0.26 0.17 1.80
’21 0.65 0.26 0.30 0.33 1.51
’20 (3.86) (0.02) 0.19 0.16 (3.52)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 874 696 1,196 — —
’25 710 898 769 857 3,234
’24 1,047 892 734 1,042 3,715
’23 716 932 986 483 3,116
’22 1,257 1,016 707 848 3,828
’21 742 140 386 673 1,941
’20 113 142 205 (192) 268
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 101 174 (1,589) — —
’25 1,421 (557) (2,042) (115) (1,292)
’24 (1,315) 115 768 (1,753) (2,185)
’23 1,248 (17) 509 (1,047) 694
’22 3,890 1,465 1,377 (979) 5,753
’21 (495) (519) 328 4,121 3,435
’20 1,311 1,455 (880) (12) 1,874
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (56) 104 (1,366) — —
’25 1,265 (591) (2,090) (278) (1,695)
’24 (1,378) 29 768 (2,203) (2,635)
’23 1,244 (24) 448 (1,153) 587
’22 3,651 1,349 1,335 (999) 5,336
’21 (568) (901) 150 3,362 2,044
’20 1,311 1,455 (880) (54) 1,832
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,195 1,944 2,193 1,962 268 1,941 3,828 3,116 3,715 3,234 3,623 +11.7% 6,189 6,453 6,840 +28.4%
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 0.0 pt
EBT 622 1,182 931 648 (1,341) 964 1,263 753 1,209 806 967 +2.9%
EBT margin, % 52.02 60.82 42.46 33.01 (499.68) 49.66 32.99 24.16 32.54 24.94 26.68 (27.1) pt
Net income 583 1,015 1,005 606 (1,358) 806 983 631 941 718 529 +2.3%
Per share, $
Per share, $ Revenue 5.02 6.43 6.43 4.80 0.65 4.30 8.17 6.47 7.50 6.01 6.49 +2.0%
Earnings 2.12 3.17 2.82 1.35 (3.52) 1.56 1.84 1.11 1.69 1.05 0.65 (7.5%)
Cash flow 2.36 (2.98) (3.60) (3.91) 4.51 7.61 12.27 1.44 (4.41) (2.40) (2.56) n/m
Capex 0.00 0.00 (0.22) (0.06) (0.10) (3.08) (0.89) (0.22) (0.91) (0.75) (0.30) n/m
Free cash flow 2.36 (2.98) (3.82) (3.97) 4.41 4.53 11.38 1.22 (5.32) (3.15) (2.86) n/m
Book value 14.56 15.87 17.84 17.70 13.07 14.78 14.95 14.73 15.92 16.62 16.37 +1.5%
Shares, m 238 302 341 409 416 451 469 482 495 538 553 +9.5%
Valuation, ×
Valuation, × P/E 7.56 5.60 4.92 12.02 0.00 6.74 4.48 9.64 6.41 10.19 14.55 6.8
P/S 3.15 2.73 2.21 3.36 15.39 2.49 1.01 1.64 1.44 1.81 1.46 3.5
P/B 1.09 1.11 0.80 0.97 0.89 0.89 0.67 0.87 0.81 0.78 0.70 0.9
EV/Sales 13.94 10.68 12.43 27.90 113.19 18.07 4.31 6.95 10.58 13.15 12.44 23.1
EV/FCF 29.70 (23.08) (22.17) (32.25) 17.52 17.15 3.10 42.11 (13.59) (25.09) (28.24) (0.7)
Cash, $m
Cash, $m Operating cash flow 561 (900) (1,229) (1,598) 1,874 3,435 5,753 694 (2,185) (1,292) (1,428) n/m
Capex — — (75) (24) (41) (1,390) (417) (106) (450) (403) (168) +27.1%
Free cash flow 561 (900) (1,304) (1,623) 1,832 2,044 5,336 587 (2,635) (1,695) (1,596) n/m
Balance, $m
Balance, $m Working capital (11,903) (12,038) (15,592) (23,559) (18,205) (16,259) 2,616 1,254 (14,723) (10,951) (13,340) (0.9%)
Net debt 20,882 20,543 27,749 48,156 26,241 30,236 12,635 16,566 33,920 37,472 39,794 +6.7%
Shareholders’ equity 3,468 4,796 6,088 7,236 5,430 6,669 7,010 7,101 7,886 8,940 9,141 +11.1%
Returns, %
Returns, % ROA 3.00 4.72 3.58 1.44 (3.75) 1.93 2.33 1.43 1.95 1.14 0.69 (1.9) pt
ROIC 2.55 4.05 2.84 1.78 (1.49) 2.47 6.49 5.69 4.55 3.32 3.53 +0.8 pt
ROE 15.63 23.17 17.71 8.53 (25.63) 14.08 15.50 9.19 13.39 8.00 4.86 (7.6) pt
People
People Employees — — — — 5,471 12,296 5,763 6,570 6,045 7,240 — +5.8%
Revenue/emp, $m 0.00 0.00 0.00 0.00 0.05 0.16 0.66 0.47 0.61 0.45 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Rithm Capital Corp. vs peers in Reit Mortgage (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NLY Annaly Capital Management Inc $14.9B 13.2× 18.4× −76.86% (below 0%: shrinking) n/m +741.71% (above 0%: growing) (187.86%) 0.00% Compare
AGNC AGNC Investment Corp. $11.2B 441× — (loss-making) +32.45% (above 0%: growing) n/m +164.05% (above 0%: growing) 33.61% (113.46%) Compare
RITM Rithm Capital Corp. $5.3B 14.6× 10.1× +55.62% (above 0%: growing) +8.33% (above 0%: growing) +34.64% (above 0%: growing) 100.00% 83.59%
STWD STARWOOD PROPERTY TRUST, INC. $4.8B 21.8× 17.1× +15.62% (above 0%: growing) n/m +72.68% (above 0%: growing) 27.80% (2.16%) Compare
DX Dynex Capital, Inc. $2.8B 47.2× — (loss-making) +122.14% (above 0%: growing) n/m +19.26% (above 0%: growing) 100.00% 96.21% Compare
BXMT Blackstone Mortgage Trust, Inc. $1.9B — (loss-making) — (loss-making) −5.69% (below 0%: shrinking) n/m −68.73% (below 0%: shrinking) 77.32% 69.63% Compare
ARR ARMOUR Residential REIT, Inc. $1.9B — (loss-making) — (loss-making) +30.53% (above 0%: growing) n/m +361.70% (above 0%: growing) 100.00% 93.98% Compare
EFC Ellington Financial Inc. $1.5B 7.0× 5.6× +47.95% (above 0%: growing) −4.44% (below 0%: shrinking) +108.89% (above 0%: growing) 95.69% 125.46% Compare
LADR Ladder Capital Corp $1.2B 11.4× 12.9× −15.61% (below 0%: shrinking) +253.93% (above 0%: growing) +579.74% (above 0%: growing) 100.00% 54.14% Compare
Median of peers $2.3B 17.5× 15.0× +23.08% — +136.47% 86.51% 61.89%

All 37 Reit Mortgage stocks →

Pay and ownership Proxy statement filed 9 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 20.45m 36.70m 151.80
2024 21.07m 39.59m 138.10
2023 20.16m 27.66m 124.30
2022 9.40m 9.13m 85.40

Ownership

Directors and executive officers, together less than 1%
The Vanguard Group 9.40%
BlackRock, Inc. 5.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Rithm Capital Corp. (RITM) Latest News

3 Nov

Impact 3 · · The Motley Fool

28 Oct

Impact 4 · · credaily.com

27 Oct

Impact 3 · · Zacks

26 Oct

Impact 4 · · The Motley Fool transcript

24 Oct

Impact 4 · · Simply Wall St.

23 Oct

Impact 4 · · Moby transcript
Impact 4 · · MarketBeat
Impact 4 · · Business Wire earnings
Impact 3 · · Zacks
Impact 3 · · Zacks earnings
Impact 3 · · Associated Press

20 Oct

Impact 4 · · bisnow.com

19 Oct

Impact 3 · · Zacks

16 Oct

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.
Impact 3 · · Zacks

15 Oct

Impact 4 · · credaily.com
Impact 3 · · Insider Monkey

14 Oct

Impact 4 · · Business Wire

8 Oct

Impact 4 · · GlobeNewswire

5 Oct

Impact 4 · · credaily.com

2 Oct

Impact 4 ·

1 Oct

Impact 3 · · Zacks

30 Sep

Impact 3 · · Zacks

29 Sep

Impact 3 · · Zacks

28 Sep

Impact 4 · · Zacks

25 Sep

Impact 4 · · Investing.com

21 Sep

Impact 3 · · Zacks

14 Aug

Impact 3 ·
Impact 3 ·

RITM metrics, ten years each

stockrow.com/RITM · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com