Latest Ratios: P/E Ratio 8.9x · EV/EBITDA 16.2x · ROE 8.0%. (2012–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.2B | $6.2B | $5.4B | $5.2B | $3.9B | $5.0B | $4.1B | $6.6B | $4.9B | $5.4B | $3.7B |
| Enterprise Value | $42.9B | $43.9B | $36.7B | $30.8B | $27.9B | $35.4B | $28.9B | $13.8B | $11.7B | $12.2B | $11.4B |
| P/E Ratio → | 8.88 | 10.48 | 6.49 | 9.71 | 4.54 | 7.09 | — | 12.02 | 5.06 | 5.68 | 7.42 |
| P/S Ratio | 0.91 | 1.08 | 1.14 | 1.38 | 2.36 | 1.73 | 2.84 | 2.28 | 2.06 | 2.79 | 3.20 |
| P/B Ratio | 0.56 | 0.67 | 0.69 | 0.73 | 0.56 | 0.75 | 0.76 | 0.91 | 0.80 | 1.13 | 1.08 |
| P/FCF | — | — | — | 7.45 | 0.68 | 1.75 | 3.14 | — | — | — | 117.17 |
| P/OCF | — | — | — | 7.45 | 0.68 | 1.74 | 2.23 | — | — | — | 6.69 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 7.72 | 7.75 | 8.21 | 16.74 | 12.22 | 19.88 | 4.77 | 4.95 | 6.28 | 9.78 |
| EV / EBITDA | 16.24 | 16.62 | 11.76 | 14.13 | 13.56 | 24.90 | — | 8.47 | 7.25 | 7.22 | 10.67 |
| EV / EBIT | 16.93 | 35.21 | 11.87 | 14.32 | 13.69 | 24.22 | — | 8.47 | 7.25 | 7.22 | 10.67 |
| EV / FCF | — | — | — | 44.47 | 4.85 | 12.37 | 21.97 | — | — | — | 357.82 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 90.5% | 90.5% | 94.4% | 95.3% | 61.6% | 88.2% | 79.0% | 85.1% | 84.0% | 81.7% | 88.4% |
| Operating Margin | 44.6% | 44.6% | 65.3% | 57.3% | 122.3% | 48.8% | -38.9% | 56.3% | 68.3% | 87.0% | 91.6% |
| Net Profit Margin | 12.0% | 12.0% | 19.7% | 16.6% | 57.2% | 26.7% | -96.9% | 19.5% | 40.7% | 49.2% | 43.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.0% | 8.0% | 12.4% | 8.8% | 14.0% | 12.8% | -22.3% | 8.5% | 17.7% | 23.2% | 15.6% |
| ROA | 1.4% | 1.4% | 2.2% | 1.7% | 2.6% | 2.1% | -3.6% | 1.5% | 3.6% | 4.7% | 3.0% |
| ROIC | 4.4% | 4.4% | 6.4% | 5.1% | 4.5% | 3.2% | -1.9% | 8.9% | 9.9% | 11.2% | 7.6% |
| ROCE | 5.7% | 5.7% | 7.2% | 5.8% | 5.9% | 4.0% | -1.5% | 4.4% | 6.4% | 8.9% | 7.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 4.28 | 4.28 | 4.16 | 3.80 | 3.61 | 4.75 | 4.74 | 1.07 | 1.17 | 1.48 | 2.30 |
| Debt / EBITDA | 14.98 | 14.98 | 10.49 | 12.36 | 12.30 | 22.32 | — | 4.75 | 4.39 | 4.18 | 7.45 |
| Net Debt / Equity | — | 4.08 | 3.97 | 3.62 | 3.42 | 4.55 | 4.57 | 0.99 | 1.13 | 1.42 | 2.22 |
| Net Debt / EBITDA | 14.29 | 14.29 | 10.03 | 11.77 | 11.65 | 21.38 | — | 4.42 | 4.24 | 4.01 | 7.18 |
| Debt / FCF | — | — | — | 37.02 | 4.17 | 10.62 | 18.84 | — | — | — | 240.65 |
| Interest Coverage | 2.83 | 2.83 | 1.64 | 1.54 | 2.62 | 2.94 | — | — | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.79 | 1.79 | — | — | 4.02 | 4.65 | 125272.89 | 33.57 | 9.35 | 0.03 | 0.03 |
| Quick Ratio | 1.79 | 1.79 | — | — | 4.02 | 4.65 | 124978.74 | 33.47 | 9.30 | -0.07 | -0.02 |
| Cash Ratio | 1.35 | 1.35 | — | — | 3.64 | 4.26 | 98632.55 | 22.18 | 5.24 | 7.15 | 3.88 |
| Asset Turnover | — | 0.11 | 0.10 | 0.09 | 0.05 | 0.07 | 0.04 | 0.06 | 0.07 | 0.09 | 0.06 |
| Inventory Turnover | — | — | — | — | — | — | 6.74 | 4.60 | 3.34 | 2.77 | 2.28 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 12.3% | 10.4% | 10.9% | 11.1% | 14.2% | 7.5% | 8.0% | 12.3% | 13.6% | 10.5% | 11.6% |
| Payout Ratio | 94.4% | 94.4% | 63.1% | 91.7% | 58.5% | 48.7% | — | 143.4% | 68.7% | 59.6% | 85.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 11.3% | 9.5% | 15.4% | 10.3% | 22.0% | 14.1% | — | 8.3% | 19.8% | 17.6% | 13.5% |
| FCF Yield | — | — | — | 13.4% | 146.2% | 57.1% | 31.9% | — | — | — | 0.9% |
| Buyback Yield | 1.0% | 0.8% | 0.0% | 0.0% | 0.1% | 0.0% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 13.3% | 11.3% | 10.9% | 11.1% | 14.3% | 7.5% | 8.2% | 12.3% | 13.6% | 10.5% | 11.6% |
| Shares Outstanding | — | $565M | $500M | $484M | $482M | $468M | $416M | $409M | $343M | $304M | $238M |
Interest rate volatility exposure
As reported in recent financial statements, RITM trades at a P/B of 0.57, suggesting that the market continues to apply a significant conglomerate discount to the firm's hybrid model, which combines capital-intensive mortgage servicing with an evolving, fee-based alternative asset management platform.
The current valuation appears to struggle with the firm's transition from a pure-play mortgage REIT to a diversified manager. Investors should monitor whether the market eventually re-rates the stock as the Sculptor acquisition scales and fee-based earnings become a more predictable component of the total return profile.
Based on the provided quarterly data, RITM's NOI margin experienced a contraction from 97.5% in 2023Q4 to 68.8% by 2026Q1, indicating that the operational intensity of the servicing and origination platform is increasingly weighing on the firm's ability to convert revenue into bottom-line profitability.
This margin compression suggests that the firm's shift toward a more complex, vertically integrated model carries higher fixed-cost burdens than its previous structure. Analysts should investigate whether this trend reflects temporary integration costs or a permanent shift in the cost-to-income ratio of the servicing business.
According to reported figures, the FFO payout ratio has fluctuated wildly, ranging from a low of 2.2% in 2025Q1 to a high of 137.6% in 2025Q4, which highlights the inherent difficulty in maintaining a consistent dividend policy amidst significant quarterly earnings volatility.
The extreme variance in payout ratios suggests that the dividend is not currently anchored to a stable, recurring cash flow base. Investors should monitor the firm's ability to normalize distributable earnings as the asset management arm matures and reduces reliance on volatile MSR fair value adjustments.
As indicated in recent financial filings, RITM has maintained a debt-to-equity ratio consistently between 3.65x and 4.28x over the last ten quarters, reflecting a reliance on high financial leverage to support its mortgage servicing and residential loan investment activities throughout the current interest rate cycle.
While this leverage level is characteristic of the mortgage REIT sector, it leaves the firm vulnerable to sudden shifts in repo market liquidity or warehouse line costs. The firm's interest coverage ratio, which has shown significant quarterly inconsistency, warrants further investigation into the sustainability of its debt service obligations.
Financial statements indicate that the use of a standard P/E ratio for RITM is fundamentally misleading, as it fails to account for the non-cash fair value adjustments on MSRs that create significant noise in GAAP net income, obscuring the firm's actual cash-generating capacity.
Analysts should prioritize Distributable Earnings or FFO metrics over P/E to better assess the firm's valuation. Relying on P/E ignores the depreciation and fair value volatility inherent in the mortgage servicing business, leading to a distorted view of the company's true earnings power.
Includes 30+ ratios · 14 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying RITM stock.
Rithm Capital Corp.'s current P/E ratio is 8.9x. The historical average is 7.4x. This places it at the 67th percentile of its historical range.
Rithm Capital Corp.'s current EV/EBITDA is 16.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.4x.
Rithm Capital Corp.'s return on equity (ROE) is 8.0%. The historical average is 12.1%.
Based on historical data, Rithm Capital Corp. is trading at a P/E of 8.9x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Rithm Capital Corp.'s current dividend yield is 12.34% with a payout ratio of 94.4%.
Rithm Capital Corp. has 90.5% gross margin and 44.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Rithm Capital Corp.'s Debt/EBITDA ratio is 15.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.