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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.

Revenue
+104.6%
EPS
+516.2%
Free cash flow
+7,729.6%
Total debt
+30.3%

Quarter to September 2026, against a year earlier

15.06 0.24 +1.62%
Market cap
$42.1B
P/E
32.8×
Fwd P/E
31.0×
Dividend yield
0.00%
F-score
1/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Rocket Companies, Inc. (RKT) valuation and DCF model

What the price implies · reverse DCF

At $15.06 the price implies more than 60% a year of growth for ten years.

The dividend a share grew −56.6% a year over the last five years. Return on equity averaged 3.0% over ten years; the price implies 13.9% for good.

The headline discounts the last twelve months’ the dividend a share at 9.0% for ten years and grows it 2.5% a year after that, the same for every company, so the figure compares across the market (how a reverse DCF works).

The other way round · DCF
Its base case
−10.0% a year for five years, then −6.0%
$0.01
99.9% below today’s price

Both are growth in the dividend a share, discounted at 9.0%, with 2.5% a year after year ten.

Base case on its own ten-year record Rocket Companies, Inc.’s own growth, carried forward

Its assumptions

Powerpack lets you start from a scenario and type over any of them.

The base case’s inputs, which Powerpack lets you change
1 · Dividends
the four quarters to September 2026, from the 10-Q and 10-K filings

Yearly growth in the dividend. It usually slows as the company matures.

2 · Rates

Cost of equity is the yearly return shareholders require, typically 8–11%. Terminal growth is growth forever after year 10, usually near long-run inflation, 2–3%.

3 · Per share

The model is a share’s own: no debt to take off and no shares to divide among.

Advanced inputs

Against Rocket Companies, Inc.’s own cost of capital: risk-free 4.3% + beta 2.27 × equity premium 4.5% = 14.5% cost of equity; after-tax cost of debt 2.6%; weighted, 9.7%.

Use 9.7%
Base case value per share $0.01 ten years discounted, and what follows
Current price $15.06 market price per share
Below today’s price 99.9% downside at the base case’s assumptions

How we got there$0.01 10 years of dividends+$0.01 terminal value=$0.01 per share

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Mortgage Finance).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 32.78× 22.71× 14.39× 128% above 10.24× 220% above
P/FCF 19.06× 5.32× 5.32× 259% above 4.71× 305% above
P/B 1.76× 0.68× 0.55× 220% above 0.52× 238% above
EV/EBITDA — 25.02× 16.89× — 3.38× —
EV/Sales — 2.98× 2.42× — 3.90× —
P/E P/FCF P/B EV/EBITDA EV/Sales
1.35×30.89×60.42×89.96×10Y avg 16.89×20172018201920202021202220242025

EV/EBITDA has no reading today; its 10-year average is 16.89×.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.