Rocket Companies Past Earnings Performance
Past criteria checks 2/6
Rocket Companies's earnings have been declining at an average annual rate of -32.5%, while the Diversified Financial industry saw earnings growing at 14.3% annually. Revenues have been declining at an average rate of 57.7% per year. Rocket Companies's return on equity is 3.6%, and it has net margins of 0.4%.
Key information
-32.5%
Earnings growth rate
-63.0%
EPS growth rate
| Diversified Financial Industry Growth | 14.6% |
| Revenue growth rate | -57.7% |
| Return on equity | 3.6% |
| Net Margin | 0.4% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Rocket Companies makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 4,740 | 19 | 3,800 | 0 |
| 31 Dec 23 | 4,006 | -16 | 3,797 | 0 |
| 30 Sep 23 | 3,757 | -23 | 3,852 | 0 |
| 30 Jun 23 | 3,839 | -22 | 3,956 | 0 |
| 31 Mar 23 | 3,994 | -26 | 4,173 | 0 |
| 31 Dec 22 | 6,005 | 46 | 4,650 | 0 |
| 30 Sep 22 | 8,137 | 112 | 5,184 | 0 |
| 30 Jun 22 | 9,984 | 181 | 5,599 | 0 |
| 31 Mar 22 | 11,281 | 238 | 5,793 | 0 |
| 31 Dec 21 | 13,176 | 308 | 5,790 | 0 |
| 30 Sep 21 | 15,290 | 400 | 5,817 | 0 |
| 30 Jun 21 | 16,788 | 383 | 5,665 | 0 |
| 31 Mar 21 | 19,097 | 322 | 5,600 | 0 |
| 31 Dec 20 | 15,896 | 198 | 5,241 | 0 |
| 30 Sep 20 | 13,105 | 58 | 4,784 | 0 |
| 30 Jun 20 | 10,074 | 0 | 4,400 | 0 |
| 31 Mar 20 | 6,003 | 299 | 3,936 | 0 |
| 31 Dec 19 | 5,204 | 0 | 3,673 | 0 |
| 31 Dec 18 | 4,309 | 0 | 3,174 | 0 |
| 31 Dec 17 | 4,253 | 771 | 3,015 | 0 |
Quality Earnings: RKT * has high quality earnings.
Growing Profit Margin: RKT * became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: RKT *'s earnings have declined by 32.5% per year over the past 5 years.
Accelerating Growth: RKT * has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: RKT * has become profitable in the last year, making it difficult to compare its past year earnings growth to the Diversified Financial industry (8%).
Return on Equity
High ROE: RKT *'s Return on Equity (3.6%) is considered low.