| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 26 | 79.6x | 17.8x | Bottom tier | |
Growth | 97 | 88.2% | 7.1% | Top tier | |
Quality | 32 | — | — | Bottom tier | |
Safety | 49 | — | — | Around median | |
Capital Return | 9 | — | 2.12% | Bottom tier | |
Momentum | 20 | -32.8% | 2.9% | Bottom tier | |
Sentiment | 76 | 9 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Rocket Companies operates through an integrated homeownership and financing ecosystem that includes home search and real estate brokerage through Redfin, mortgage origination through Rocket Mortgage, loan servicing, as well as home equity loans and personal loans through Rocket Loans. The model is built on bringing customers into the ecosystem while they search for a home, then financing the transaction and retaining the relationship through loan servicing and re-engaging them with other products. During Q2 FY2026, more than 70% of revenue came from recurring or less interest-rate-sensitive businesses, while loan servicing generated $1 billion in stable cash flow.
In Q2 FY2026, the company reported GAAP revenue of $2.6 billion, gross profit of $2.4 billion, and net income of $230 million, compared with revenue of $2.7 billion and net income of $297 million in Q1 FY2026. On an adjusted basis, revenue reached $2.8 billion, earnings before interest, taxes, depreciation, and amortization were $766 million, the adjusted margin was 28% versus 26% in the previous quarter, and adjusted diluted earnings per share were $0.16 versus $0.15.
The results were supported by net rate lock volume of $47 billion and closed loan volume of $49 billion. Rocket's share of the purchase loan market reached 6.2%, and its share of the refinancing market reached 14.3%, both the company's highest quarterly levels, despite management describing the spring season as one of the most difficult housing seasons in years. On a trailing-twelve-month basis in 2026, revenue reached $9.7 billion and net income was $471.2 million, compared with a net loss of $68 million in FY2025.
The analyst consensus is Neutral, with an average target of $18.63 and a range of $16 to $22.5, while the data do not provide a valid price-to-earnings ratio for comparison. The average target lies between the endpoints of the 52-week range of $12.17 and $24.36, but it is approximately 24% below the annual high, consistent with continued housing market weakness and guidance for lower Q3 FY2026 revenue despite improving market share and margins.
Figures in the text are as of 2026-08-28; the live price is shown at the top of the page.
In Q2 FY2026, Rocket generated adjusted revenue of $2.8 billion and adjusted earnings before interest, taxes, depreciation, and amortization of $766 million. The adjusted margin increased to 28% from 26% in the previous quarter, and adjusted diluted earnings per share reached $0.16. Growth in the purchase share to 6.2% and the refinancing share to 14.3%, alongside $1 billion in loan servicing cash flow, helped offset weak industry demand.
Redfin enters the customer relationship during the home search, before the mortgage application stage that traditionally served as Rocket's entry point. In June 2026, mortgage referrals from Redfin more than doubled compared with June 2025, and the financing attachment rate to Rocket Mortgage among purchase customers using Redfin agents reached 47%. The platform also reaches approximately 50 million monthly active users and features 25 thousand exclusive listings, while product improvements and artificial intelligence models increased conversion by approximately 30% during the previous year.
Mr. Cooper expanded the loan servicing base and the potential to re-engage customers within the Rocket ecosystem. The company achieved $100 million in annualized expense savings in Q2 FY2026 and remained on track to reach the original $400 million target by the end of FY2026. After completing the main integration phases, management identified approximately $100 million in additional annual savings that it expects to realize in the first half of FY2027.
Automated analysis for informational purposes only — not investment advice.
The loan servicing portfolio at the end of Q2 FY2026 had approximately $2 trillion in unpaid principal balance, providing a broad re-engagement base. The owned mortgage servicing rights portfolio includes $320 billion of loans with interest rates above 6%, representing 26% of the owned portfolio. The company also maintains origination capacity exceeding $300 billion, but the timing of the benefit depends on improving interest rates and housing activity and is not specified by the data.
The clearest risk is persistently high borrowing costs and weak housing affordability. Before the August 6, 2026 call, the 30-year fixed mortgage rate reached 6.8%, and management believed the mortgage market in Q3 FY2026 would be smaller than in the previous quarter. Accordingly, Rocket guided to adjusted revenue of between $2.5 billion and $2.7 billion, below the $2.8 billion recorded in Q2 FY2026.
The consensus rating is Neutral, and the average price target is $18.63. Targets range from $16 to $22.5, compared with a 52-week range of $12.17 to $24.36. The data do not include an available price-to-earnings ratio, so the presented analyst valuation is based on the trajectory of the housing market, market share gains, margin improvement, and the realization of integration savings.
