Rocket Companies
RKT
#621
Rank
$31.61 B
Marketcap
$15.91
Share price
4.53%
Change (1 day)
52.10%
Change (1 year)

Operating Margin for Rocket Companies (RKT)

Operating Margin as of July 2024 (TTM): 7.13%

According to Rocket Companies 's latest financial reports and stock price the company's current Operating Margin is 7.13%. 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% 82.19%๐Ÿ‡บ๐Ÿ‡ธ USA
9.88% 38.57%๐Ÿ‡บ๐Ÿ‡ธ USA
1.32%-81.49%๐Ÿ‡บ๐Ÿ‡ธ USA
8.09% 13.46%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.