Rocket (Rocket) Growth Rank : 5 (As of Apr. 27, 2024)

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What is Rocket Growth Rank?

Rocket has the Growth Rank of 5.

GuruFocus Growth Rank measures the growth of a company in terms of its revenue and profitability. Historically, the companies with the highest growth ranks performed the best over the long term. It is calculated using the following criteria:

1. 5-year revenue growth rate, the higher, the better.
2. 3-year revenue growth rate, the higher, the better.
3. 5-year EBITDA growth rate, the higher, the better.
4. The predictability of 5-year revenue. The most consistent it is, the higher the rank.

GuruFocus found that the Growth Rank is the second of the two most-sensitive parameters among the five parameters checked. Please click GF Score to see more details on GF Score's 5 Key Aspects of Analysis.

Please note that we are using the five-year EBITDA growth rate as a parameter, so the company needs to have had positive growth over that time. The reason we use EBITDA instead of earnings per share is that with EBITDA, we can rank a lot more companies since a company may have positive EBITDA but negative EPS. Since we are looking at the growth here, EBITDA gives us a pretty clear picture about the growth in the company's business operations.

Competitive Comparison of Rocket's Growth Rank

For the Mortgage Finance subindustry, Rocket's Growth Rank, along with its competitors' market caps and Growth Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Rocket's Growth Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Rocket's Growth Rank distribution charts can be found below:

* The bar in red indicates where Rocket's Growth Rank falls into.

Rocket Growth Rank Related Terms

Thank you for viewing the detailed overview of Rocket's Growth Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Rocket (Rocket) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Rocket Companies Inc (NYSE:RKT) » Definitions » Growth Rank

Comparable Companies

Traded in Other Exchanges

RKT:Mexico

Address

1050 Woodward Avenue, Detroit, MI, USA, 48226

Website

https://ir.rocketcompanies.com

Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company's mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company's lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket's origination process to offer loans to their customers. The company has rapidly gained market share in recent years and is now the largest mortgage originator in the U.S. as well as the servicer for more than 2 million loans.

Executives

Varun Krishna	officer: Chief Executive Officer	2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Jonathan D Mariner	director	2200 WEST DON TYSON PARKWAY, SPRINGDALE AR 72762
William C. Emerson	director	1050 WOODWARD AVENUE, DETROIT MI 48226
Matthew Rizik	director	1050 WOODWARD AVENUE, DETROIT MI 48226
Jay Farner	director, officer: Chief Executive Officer	1050 WOODWARD AVENUE, DETROIT MI 48226
Tina V. John	officer: General Counsel & Secretary	C/O ROCKET COMPANIES, INC., 1050 WOODWARD AVENUE, DETROIT MI 48226
Daniel B Gilbert	director, 10 percent owner	1050 WOODWARD AVENUE, DETROIT MI 48226
Rock Holdings Inc.	director, 10 percent owner	1090 WOODWARD AVENUE, DETROIT MI 48226
Jennifer L. Gilbert	director	1050 WOODWARD AVENUE, DETROIT MI 48226
Nancy Tellem	director	1016 LAKE PARK DRIVE, BIRMINGHAM MI 48009
Suzanne F. Shank	director	C/O PENSARE SPONSOR GROUP, LLC, 1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Julie Booth	officer: Chief Fin. Officer & Treasurer	1050 WOODWARD AVENUE, DETROIT MI 48226
Angelo Vitale	officer: General Counsel and Secretary	1050 WOODWARD AVENUE, DETROIT MI 48226
Walters Robert D. Jr.	officer: President & Chief Oper Officer	1050 WOODWARD AVENUE, DETROIT MI 48226
Brian Nicholas Brown	officer: Chief Accounting Officer	1050 WOODWARD AVENUE, DETROIT MI 48226