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Rocket Companies RKT Cumulative Gross Losses and Impairments

Cumulative Gross Losses and Impairments at other companies

Wells Fargo & Company logo
Wells Fargo & CompanyWFC
$32.93B-12.9%
LendingTree logo
LendingTreeTREE
$521.69M0.0%
JPMorgan Chase logo
JPMorgan ChaseJPM
——

Segments

By segment

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Direct to Consumer$0—

Other financials

Income statement

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Revenue$2.9B+167%
Net income$297.0M+3,070%
EPS (diluted)$0.10+225%

Balance sheet

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Cash & equivalents$3.0B+108%
Total debt$10.4B+3,260%
Total equity$23.2B+171%
Total assets$59.4B+135%

Cash flow

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Operating cash flow$1.9B+333%
CapEx$43.0M+207%
Free cash flow$1.8B+324%

Valuation

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Market cap$42.44B+1,776%
Enterprise value$49.9B-2,052%
P/E263×+220×
P/S4.9×+4.5×

Profitability

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Net margin-1.8%-2.4pp
FCF margin-16.2%—

Returns & leverage

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Return on equity-1.2%-1.5pp
Debt / equity0.4×+0.4×

Questions, answered.

What does cumulative gross losses and impairments mean?
This metric aggregates all unrealized losses and recognized impairment charges on investment securities that have not yet been realized through a sale. It provides a comprehensive view of the negative valuation adjustments impacting the bank's equity. It is a key indicator of the credit and market risk embedded in the bank's long-term holdings.