Rocket Companies, Inc.
RKT Financial Mortgage Finance
Rocket Companies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.7 billion, up 31.2% from fiscal 2024. In the quarter to June 2026, revenue grew 91.9%, EPS grew 900.0%, free cash flow grew 69.2% and total debt rose 56.2%, each against the same quarter a year earlier.
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Rocket Companies, Inc. (RKT) Piotroski F-score
Rocket Companies, Inc.'s Piotroski F-score for fiscal 2025 is 1 out of 9: 1 of nine tests of profitability, leverage and efficiency passed, down from 4 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 1 | (3.00) |
| FY2024 | 4 | 2.00 |
| FY2023 | 2 | (3.00) |
| FY2022 | 5 | 0.00 |
| FY2021 | 5 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (0.16%) | 0.13% | Fail | 0 |
| Positive operating cash flow | (3.93b) | (2.63b) | Fail | 0 |
| Rising return on assets | (0.16%) | 0.13% | Fail | 0 |
| Cash flow above net income | (3.86b) | (2.66b) | Fail | 0 |
| Falling long-term leverage | 0.58 | 0.50 | Fail | 0 |
| Rising current ratio | 70.90 | 59.63 | Pass | 1 |
| No new shares issued | 1,322,363,000 | 141,037,100 | Fail | 0 |
| Rising gross margin | 100.00% | 100.00% | Fail | 0 |
| Rising asset turnover | 0.16 | 0.23 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 1 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| PFSI PennyMac Financial Services, Inc. compare | 5 |
| BETR Better Home & Finance Holding Company compare | 4 |
| ONIT Onity Group Inc. compare | 4 |
| LDI loanDepot, Inc. compare | 4 |
| UWMC UWM Holdings Corporation compare | 3 |
| GHI Greystone Housing Impact Investors LP compare | 3 |
| RKT Rocket Companies, Inc. | 1 |
| VEL Velocity Financial, Inc. compare | — |
| WD Walker & Dunlop, Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover