Rocket Historical Income Statement

RKT Stock

USD 12.58 0.74 5.56%

Historical analysis of Rocket Companies income statement accounts such as Net Income Applicable To Common Shares of 39.7 M, Net Interest Income of 8.7 M, Depreciation And Amortization of 87.8 M or Selling And Marketing Expenses of 1 B can show how well Rocket Companies performed in making a profits. Evaluating Rocket Companies income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Rocket Companies's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Rocket Companies latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Rocket Companies is a good buy for the upcoming year.

Net Income Gross Profit

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rocket Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Rocket Stock please use our How to Invest in Rocket Companies guide.

About Rocket Income Statement Analysis

Rocket Companies Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Rocket Companies shareholders. The income statement also shows Rocket investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Rocket Companies Income Statement Chart

At this time, Rocket Companies' Selling General Administrative is comparatively stable compared to the past year. Net Interest Income is likely to gain to about 8.7 M in 2024, whereas Interest Expense is likely to drop slightly above 279.4 M in 2024.

Selling General Administrative Operating Income Selling And Marketing Expenses Gross Profit Cost Of Revenue

Operating Income

Operating Income is the amount of profit realized from Rocket Companies operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Rocket Companies is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Rocket Companies minus its cost of goods sold. It is profit before Rocket Companies operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Cost Of Revenue

Cost of Revenue is found on Rocket Companies income statement and represents the costs associated with goods and services Rocket Companies provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Most accounts from Rocket Companies' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Rocket Companies current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rocket Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Rocket Stock please use our How to Invest in Rocket Companies guide.At this time, Rocket Companies' Selling General Administrative is comparatively stable compared to the past year. Net Interest Income is likely to gain to about 8.7 M in 2024, whereas Interest Expense is likely to drop slightly above 279.4 M in 2024.

	2021	2022	2023	2024 (projected)
Cost Of Revenue	74.7M	94.0M	110.3M	183.3M
EBITDA	495.7M	254.9M	67.3M	64.0M

Cost Of Revenue Ebitda

Rocket Companies income statement Correlations

	Tax Provision	Interest Income	Selling General Administrative	Total Revenue	Operating Income	Income Before Tax	Net Income	Net Interest Income	Depreciation And Amortization	Selling And Marketing Expenses	Gross Profit	Other Operating Expenses	Net Income From Continuing Ops	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Reconciled Depreciation	Total Other Income Expense Net	Income Tax Expense	Minority Interest
Tax Provision		0.69	0.83	0.99	-0.3	0.94	0.93	-0.72	0.11	0.7	0.98	-0.52	0.95	-0.31	-0.32	-0.56	-0.44	-0.04	-0.88	1.0	0.15
Interest Income	0.69		0.89	0.68	-0.85	0.48	0.49	-0.23	0.72	0.72	0.71	-0.36	0.54	-0.78	-0.78	-0.91	-0.31	0.6	-0.5	0.67	0.08
Selling General Administrative	0.83	0.89		0.82	-0.68	0.66	0.68	-0.34	0.56	0.82	0.84	-0.49	0.69	-0.74	-0.75	-0.86	-0.36	0.43	-0.69	0.82	0.03
Total Revenue	0.99	0.68	0.82		-0.31	0.96	0.97	-0.79	0.11	0.66	1.0	-0.49	0.98	-0.32	-0.33	-0.57	-0.41	-0.04	-0.82	0.98	0.24
Operating Income	-0.3	-0.85	-0.68	-0.31		-0.09	-0.12	-0.14	-0.88	-0.51	-0.36	0.12	-0.17	0.92	0.92	0.82	0.07	-0.83	0.2	-0.31	-0.1
Income Before Tax	0.94	0.48	0.66	0.96	-0.09		1.0	-0.89	-0.11	0.51	0.95	-0.41	0.99	-0.12	-0.13	-0.36	-0.34	-0.25	-0.8	0.94	0.32
Net Income	0.93	0.49	0.68	0.97	-0.12	1.0		-0.89	-0.08	0.52	0.96	-0.41	0.99	-0.15	-0.17	-0.38	-0.34	-0.22	-0.79	0.94	0.34
Net Interest Income	-0.72	-0.23	-0.34	-0.79	-0.14	-0.89	-0.89		0.38	-0.31	-0.77	0.37	-0.88	-0.19	-0.18	0.07	0.38	0.5	0.57	-0.73	-0.34
Depreciation And Amortization	0.11	0.72	0.56	0.11	-0.88	-0.11	-0.08	0.38		0.27	0.15	0.02	-0.06	-0.91	-0.91	-0.78	0.08	0.98	-0.01	0.1	0.04
Selling And Marketing Expenses	0.7	0.72	0.82	0.66	-0.51	0.51	0.52	-0.31	0.27		0.68	-0.74	0.55	-0.47	-0.47	-0.65	-0.68	0.15	-0.63	0.7	-0.35
Gross Profit	0.98	0.71	0.84	1.0	-0.36	0.95	0.96	-0.77	0.15	0.68		-0.49	0.97	-0.36	-0.37	-0.6	-0.4	0.0	-0.81	0.98	0.23
Other Operating Expenses	-0.52	-0.36	-0.49	-0.49	0.12	-0.41	-0.41	0.37	0.02	-0.74	-0.49		-0.42	0.08	0.09	0.26	0.95	0.11	0.57	-0.52	0.69
Net Income From Continuing Ops	0.95	0.54	0.69	0.98	-0.17	0.99	0.99	-0.88	-0.06	0.55	0.97	-0.42		-0.16	-0.17	-0.41	-0.36	-0.2	-0.8	0.96	0.32
Ebit	-0.31	-0.78	-0.74	-0.32	0.92	-0.12	-0.15	-0.19	-0.91	-0.47	-0.36	0.08	-0.16		1.0	0.8	-0.01	-0.88	0.25	-0.31	-0.12
Ebitda	-0.32	-0.78	-0.75	-0.33	0.92	-0.13	-0.17	-0.18	-0.91	-0.47	-0.37	0.09	-0.17	1.0		0.8	-0.01	-0.87	0.26	-0.32	-0.12
Cost Of Revenue	-0.56	-0.91	-0.86	-0.57	0.82	-0.36	-0.38	0.07	-0.78	-0.65	-0.6	0.26	-0.41	0.8	0.8		0.12	-0.66	0.28	-0.55	-0.07
Total Operating Expenses	-0.44	-0.31	-0.36	-0.41	0.07	-0.34	-0.34	0.38	0.08	-0.68	-0.4	0.95	-0.36	-0.01	-0.01	0.12		0.15	0.55	-0.44	0.68
Reconciled Depreciation	-0.04	0.6	0.43	-0.04	-0.83	-0.25	-0.22	0.5	0.98	0.15	0.0	0.11	-0.2	-0.88	-0.87	-0.66	0.15		0.07	-0.04	0.03
Total Other Income Expense Net	-0.88	-0.5	-0.69	-0.82	0.2	-0.8	-0.79	0.57	-0.01	-0.63	-0.81	0.57	-0.8	0.25	0.26	0.28	0.55	0.07		-0.88	0.04
Income Tax Expense	1.0	0.67	0.82	0.98	-0.31	0.94	0.94	-0.73	0.1	0.7	0.98	-0.52	0.96	-0.31	-0.32	-0.55	-0.44	-0.04	-0.88		0.16
Minority Interest	0.15	0.08	0.03	0.24	-0.1	0.32	0.34	-0.34	0.04	-0.35	0.23	0.69	0.32	-0.12	-0.12	-0.07	0.68	0.03	0.04	0.16

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Rocket Companies Account Relationship Matchups

Rocket Companies income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Tax Provision	6.0M	132.4M	112.7M	42.0M	(15.4M)	(14.6M)
Interest Income	271.8M	431.8M	430.1M	350.6M	326.5M	286.6M
Interest Expense	271.8M	431.8M	491.9M	320.0M	360.0M	279.4M
Selling General Administrative	2.8B	4.3B	4.5B	3.7B	3.1B	3.4B
Total Revenue	5.0B	15.5B	12.7B	5.7B	3.6B	3.4B
Operating Income	899.7M	330.3M	420.9M	160.9M	(294.9M)	(280.1M)
Income Before Tax	898.4M	9.5B	6.2B	741.9M	(402.9M)	(382.8M)
Net Income	893.8M	9.4B	6.1B	699.9M	(15.5M)	(14.7M)
Net Interest Income	(21.0M)	(102.2M)	(61.8M)	30.6M	8.2M	8.7M
Depreciation And Amortization	75.0M	74.3M	74.7M	94.0M	110.3M	87.8M
Selling And Marketing Expenses	905M	949.9M	1.2B	945.7M	736.7M	1.0B
Gross Profit	4.9B	15.5B	12.6B	5.6B	3.5B	3.3B
Other Operating Expenses	3.3B	4.5B	(12.3B)	5.1B	3.8B	4.0B
Net Income From Continuing Ops	892.4M	9.4B	6.1B	699.9M	(650.0M)	(617.5M)
Ebit	899.7M	330.3M	420.9M	160.9M	(42.9M)	(40.8M)
Ebitda	974.7M	404.6M	495.7M	254.9M	67.3M	64.0M
Cost Of Revenue	75.0M	74.3M	74.7M	94.0M	110.3M	183.3M
Total Operating Expenses	3.3B	4.5B	(12.3B)	5.1B	3.8B	4.0B
Reconciled Depreciation	75.0M	74.3M	74.7M	94.0M	107.7M	89.8M
Total Other Income Expense Net	(1.4M)	(431.8M)	(491.9M)	(320.0M)	(108.0M)	(113.4M)
Income Tax Expense	6.0M	132.4M	112.7M	42.0M	(12.8M)	(12.2M)
Minority Interest	5.0M	7.4B	(5.8B)	(653.5M)	627.5M	658.9M

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Rocket Historical Income Statement

About Rocket Income Statement Analysis

Rocket Companies Income Statement Chart

Operating Income

Gross Profit

Cost Of Revenue

Rocket Companies income statement Correlations

Rocket Companies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Rocket Companies income statement Accounts

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Income Tax Expense	+ 1.0	Tax Provision
Gross Profit	+ 1.0	Total Revenue
Net Income	+ 1.0	Income Before Tax
Ebitda	+ 1.0	Ebit
Total Revenue	+ 0.99	Tax Provision
Net Income From Continuing Ops	+ 0.99	Income Before Tax

Ebitda	- 0.91	Depreciation And Amortization
Ebit	- 0.91	Depreciation And Amortization
Cost Of Revenue	- 0.91	Interest Income
Net Interest Income	- 0.89	Net Income
Net Interest Income	- 0.89	Income Before Tax
Income Tax Expense	- 0.88	Total Other Income Expense Net