Rocket Companies, Inc. (RKT) vs UWM Holdings Corporation (UWMC)

Rocket Companies, Inc. and UWM Holdings Corporation are both Mortgage Finance companies. Rocket Companies, Inc. is the larger, with a market value of $31.4B against $1.9B — 16.9× the size. UWM Holdings Corporation 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 3.22%. Rocket Companies, Inc. has the higher net margin (4.77% vs −1.66%) and the lower return on invested capital (0.87% vs 1.91%). Only UWM Holdings Corporation pays a dividend (28.6%). Across the 19 metrics below, Rocket Companies, Inc. leads on 11 and UWM Holdings Corporation on 8.

Valuation

Metric RKT UWMC Mortgage Finance median
P/E 71.87 n/m 6.65
P/S 3.10 0.16 1.42
P/B 1.30 0.36 0.46
Price to free cash flow 194.75 n/m 6.32
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 1.39% (7.62%) 2.41%
Free cash flow yield 0.51% (928.07%) (19.29%)

Profitability

Metric RKT UWMC Mortgage Finance median
Gross margin 100.00% 81.01% 84.40%
Operating margin 15.84% 20.72% 12.51%
Net margin 4.77% (1.66%) (0.83%)
Free cash flow margin 1.59% (147.01%) (45.06%)
Return on equity 3.04% (2.72%) (1.16%)
Return on assets 1.03% (0.23%) 0.38%
Return on invested capital 0.87% 1.91% 0.36%

Growth

Metric RKT UWMC Mortgage Finance median
Revenue growth (TTM) 98.61% 3.22% 11.44%
EPS growth (last fiscal year) (123.81%) (7.69%) 6.60%
Revenue growth, 5-year CAGR (15.62%) (13.42%) (11.16%)
Net income growth, 5-year CAGR 0.00% (61.84%) 0.00%

Health

Metric RKT UWMC Mortgage Finance median
Debt to equity 1.16 14.86 1.22
Current ratio 4.85 1.64 1.38
Net debt to EBITDA 42.57 15.25 9.85

Dividend

Metric RKT UWMC Mortgage Finance median
Dividend yield 0.00% 28.57% 8.31%
Payout ratio 0.00 — —

Size

Metric RKT UWMC Mortgage Finance median
Market cap 31.35b 1.85b 198.15m

Compare with another peer

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