Rocket Companies
RKT
#589
Rank
NZ$59.01 B
Marketcap
$29.70
Share price
-3.12%
Change (1 day)
122.72%
Change (1 year)

Operating Margin for Rocket Companies (RKT)

Operating Margin as of October 2024 (TTM): 8.24%

According to Rocket Companies 's latest financial reports and stock price the company's current Operating Margin is 8.24%. At the end of 2023 the company had an Operating Margin of -11.05%.

Operating Margin history for Rocket Companies from 2019 to 2024

Operating Margin at the end of each year

Year Operating Margin Change
2023-11.05%-184.68%
202213.05%-73.24%
202148.76%-20.89%
202061.64%236.14%
201918.34%21.03%
201815.15%-20.08%
201718.96%

Operating Margin for similar companies or competitors

Company Operating Margin Operating Margin differencediff. Country
12.99% 57.65%๐Ÿ‡บ๐Ÿ‡ธ USA
9.88% 19.90%๐Ÿ‡บ๐Ÿ‡ธ USA
1.06%-87.14%๐Ÿ‡บ๐Ÿ‡ธ USA
4.71%-42.84%๐Ÿ‡บ๐Ÿ‡ธ USA

What is a company's Operating Margin?

The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.