loanDepot, Inc. (LDI) vs Rocket Companies, Inc. (RKT)

loanDepot, Inc. and Rocket Companies, Inc. are both Mortgage Finance companies. Rocket Companies, Inc. is the larger, with a market value of $31.4B against $191.7M — 163.5× the size. loanDepot, Inc. has negative trailing earnings, so its P/E is not meaningful; Rocket Companies, Inc. trades at 71.9×. Rocket Companies, Inc. grew revenue faster over the last twelve months: 98.6% against 11.4%. Rocket Companies, Inc. has the higher net margin (4.77% vs −5.52%) and the higher return on invested capital (0.87% vs 0.72%). Across the 17 metrics below, Rocket Companies, Inc. leads on 14 and loanDepot, Inc. on 3.

Valuation

Metric LDI RKT Mortgage Finance median
P/E n/m 71.87 6.65
P/S 0.10 3.10 1.42
P/B 0.37 1.30 0.46
Price to free cash flow n/m 194.75 6.32
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (56.60%) 1.39% 2.41%
Free cash flow yield (208.31%) 0.51% (19.29%)

Profitability

Metric LDI RKT Mortgage Finance median
Gross margin 87.54% 100.00% 84.40%
Operating margin 5.49% 15.84% 12.51%
Net margin (5.52%) 4.77% (0.83%)
Free cash flow margin (20.34%) 1.59% (45.06%)
Return on equity (17.97%) 3.04% (1.16%)
Return on assets (1.08%) 1.03% 0.38%
Return on invested capital 0.72% 0.87% 0.36%

Growth

Metric LDI RKT Mortgage Finance median
Revenue growth (TTM) 11.44% 98.61% 11.44%
EPS growth (last fiscal year) 43.40% (123.81%) 6.60%
Revenue growth, 5-year CAGR (22.71%) (15.62%) (11.16%)
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric LDI RKT Mortgage Finance median
Debt to equity 17.94 1.16 1.22
Current ratio 1.11 4.85 1.38
Net debt to EBITDA 48.55 42.57 9.85

Dividend

Metric LDI RKT Mortgage Finance median
Dividend yield — 0.00% 8.31%
Payout ratio — 0.00 —

Size

Metric LDI RKT Mortgage Finance median
Market cap 191.74m 31.35b 198.15m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack