Rocket Companies
RKT
$11.88
Share price
-5.30%
Change (1 day)
34.45%
Change (1 year)
Categories
Operating Margin for Rocket Companies (RKT)
Operating Margin as of April 2024 (TTM): -19.19%
According to Rocket Companies 's latest financial reports and stock price the company's current Operating Margin is -19.19%. At the end of 2022 the company had an Operating Margin of 13.05%.
Operating Margin history for Rocket Companies from 2019 to 2023
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2022 | 13.05% | -73.24% |
| 2021 | 48.76% | -20.45% |
| 2020 | 61.30% | 240.02% |
| 2019 | 18.03% | 18.99% |
| 2018 | 15.15% | -20.08% |
| 2017 | 18.96% |
Operating Margin for similar companies or competitors
| Company | Operating Margin | Operating Margin differencediff. | Country |
|---|---|---|---|
 International Paper
IP | 5.48% | -128.56% | 🇺🇸 USA |
 Packaging Corporation of America
PKG | 16.09% | -183.85% | 🇺🇸 USA |
 Graphic Packaging GPK | 7.58% | -139.50% | 🇺🇸 USA |
 Clearwater Paper CLW | 5.47% | -128.50% | 🇺🇸 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.