Rithm Capital Corp. - Understand $ritm stock

$RITM Market Cap: $5.795 Billion

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Financial Snapshot

Revenue

$4.266B

TTM

Gross Margin

56.84%

TTM

Net Earnings

$484.3M

TTM

Current Assets

$1.640B

Q3 2024

Current Liabilities

$17.87B

Q3 2024

Current Ratio

9.18%

Q3 2024

Total Assets

$42.28B

Q3 2024

Total Liabilities

$34.62B

Q3 2024

Book Value

$7.657B

Q3 2024

Cash

$1.640B

Q3 2024

P/E

11.97

Nov 29, 2024 EST

Free Cash Flow

-$1.437B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$3.692B	$4.727B	$3.622B	$1.667B	$2.422B	$2.279B	$2.152B	$1.257B	$687.1M	$346.9M	$87.57M	$33.76M
YoY Change	-21.9%	30.51%	117.22%	-31.17%	6.3%	5.91%	71.16%	82.97%	98.09%	296.1%	159.39%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$3.692B	$4.727B	$3.622B	$1.667B	$2.422B	$2.279B	$2.152B	$1.257B	$687.1M	$346.9M	$87.57M	$33.76M
Cost Of Revenue	$1.421B	$837.2M	$593.2M	$673.6M	$1.364B	$984.3M	$816.3M	$509.1M	$330.0M	$218.6M	$47.20M	$4.100M
Gross Profit	$2.271B	$5.524B	$3.032B	$744.8M	$977.3M	$1.253B	$1.336B	$748.2M	$357.1M	$503.3M	$281.4M	$47.10M
Gross Profit Margin	61.5%	116.86%	83.7%	44.67%	40.34%	55.0%	62.06%	59.51%	51.97%	145.1%	321.35%	139.52%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Selling, General & Admin	$1.518B	$2.107B	$2.017B	$1.120B	$538.0M	$231.6M	$67.20M	$38.60M	$61.90M	$27.00M	$10.30M	$5.900M
YoY Change	-27.96%	4.45%	80.08%	108.2%	132.3%	244.64%	74.09%	-37.64%	129.26%	162.14%	74.58%
% of Gross Profit	66.85%	38.14%	66.53%	150.39%	55.05%	18.48%	5.03%	5.16%	17.33%	5.36%	3.66%	12.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization			$6.072M	$625.0K	$113.0K
YoY Change			871.52%	453.1%
% of Gross Profit			0.2%	0.08%	0.01%
Operating Expenses	$1.518B	$3.344B	$2.617B	$1.794B	$1.887B	$1.206B	$422.6M	$174.2M	$117.8M	$104.9M	$42.47M	$9.231M
YoY Change	-54.61%	27.78%	45.9%	-4.95%	56.5%	185.35%	142.57%	47.86%	12.32%	146.97%	360.12%
Operating Profit	$752.8M	$2.180B	$414.7M	-$1.049B	-$909.8M	$47.49M	$912.9M	$574.0M	$239.3M	$398.4M	$238.9M	$37.87M
YoY Change	-65.46%	425.59%	-139.54%	15.29%	-2015.86%	-94.8%	59.05%	139.89%	-39.94%	66.75%	530.93%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Interest Expense	$1.421B	$791.0M	$497.3M	$584.5M	$933.8M	$606.4M	$460.9M	$373.4M	$274.0M	$140.7M	$15.02M	$704.0K
YoY Change	79.68%	59.06%	-14.91%	-37.41%	53.97%	31.59%	23.42%	36.28%	94.74%	836.55%	2034.09%
% of Operating Profit	188.79%	36.29%	119.91%			1277.05%	50.48%	65.06%	114.52%	35.32%	6.29%	1.86%
Other Income/Expense, Net	-$69.01M	$131.3M	-$26.79M	-$40.86M	$44.15M	-$10.78M	$6.298M	$28.48M	$5.389M	$14.82M
YoY Change	-152.55%	-590.21%	-34.43%	-192.54%	-509.62%	-271.13%	-77.89%	428.54%	-63.63%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Pretax Income	$752.8M	$1.263B	$963.8M	-$1.341B	$647.7M	$931.1M	$1.182B	$621.6M	$270.9M	$465.1M	$265.6M	$41.25M
YoY Change	-40.38%	31.02%	-171.88%	-307.0%	-30.44%	-21.25%	90.19%	129.48%	-41.75%	75.08%	543.98%
Income Tax	$122.2M	$279.5M	$158.2M	$16.92M	$41.77M	-$73.43M	$167.6M	$38.91M	-$11.00M	$22.96M	$0.00	$0.00
% Of Pretax Income	16.23%	22.13%	16.42%		6.45%	-7.89%	14.18%	6.26%	-4.06%	4.94%	0.0%	0.0%
Net Earnings	$532.7M	$983.3M	$805.6M	-$1.358B	$605.9M	$1.005B	$1.015B	$582.7M	$281.9M	$442.1M	$265.6M	$41.25M
YoY Change	-45.83%	22.06%	-159.34%	-324.07%	-39.68%	-1.0%	74.12%	106.72%	-36.24%	66.44%	543.98%
Net Earnings / Revenue	14.43%	20.8%	22.24%	-81.42%	25.01%	44.08%	47.15%	46.35%	41.02%	127.46%	303.34%	122.18%
Basic Earnings Per Share	$1.11	$1.84	$1.56	-$3.52	$1.35	$2.82	$3.17	$2.12	$1.34	$2.59	$2.10	$0.33
Diluted Earnings Per Share	$1.10	$1.80	$1.51	-$3.52	$1.34	$2.81	$3.15	$2.12	$1.32	$2.53	$2.07	$0.33

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Cash & Short-Term Investments	$1.287B	$1.337B	$1.333B	$945.0M	$529.0M	$251.0M	$296.0M	$291.0M	$250.0M	$213.0M	$272.0M	$0.00
YoY Change	-3.72%	0.3%	41.06%	78.64%	110.76%	-15.2%	1.72%	16.4%	17.37%	-21.69%
Cash & Equivalents	$1.287B	$1.337B	$1.333B	$945.0M	$529.0M	$251.0M	$296.0M	$291.0M	$250.0M	$213.0M	$272.0M	$0.00
Short-Term Investments
Other Short-Term Assets	$62.51M	$61.00M	$115.0M
YoY Change	2.48%	-46.96%
Inventory
Prepaid Expenses
Receivables	$0.00	$473.0M	$0.00	$4.000M	$5.256B	$3.925B	$1.031B	$1.688B	$1.538B
Other Receivables	$0.00	$167.0M	$546.0M	$381.0M	$397.0M	$170.0M	$64.00M	$72.00M	$66.00M
Total Short-Term Assets	$1.287B	$2.038B	$1.994B	$1.330B	$6.182B	$4.346B	$1.391B	$2.051B	$1.854B	$287.0M	$272.0M
YoY Change	-36.84%	2.21%	49.92%	-78.49%	42.25%	212.44%	-32.18%	10.63%	545.99%	5.51%
Property, Plant & Equipment	$144.2M	$115.0M	$174.0M	$27.00M	$32.00M
YoY Change	25.43%	-33.91%	544.44%	-15.63%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$24.18B	$21.05B	$19.96B	$22.78B	$29.55B	$20.81B	$16.51B	$13.03B	$11.73B	$6.483B	$5.531B	$535.0M
YoY Change	14.9%	5.46%	-12.4%	-22.91%	41.99%	26.1%	26.63%	11.15%	80.89%	17.21%	933.83%	1115.91%
Other Assets	$385.6M	$281.0M	$196.0M	$136.0M	$171.0M	$230.0M	$150.0M	$314.0M	$280.0M	$29.00M	$38.00M
YoY Change	37.23%	43.37%	44.12%	-20.47%	-25.65%	53.33%	-52.23%	12.14%	865.52%	-23.68%
Total Long-Term Assets	$34.02B	$30.44B	$37.75B	$31.92B	$38.68B	$27.35B	$20.82B	$16.35B	$13.34B	$7.802B	$5.687B
YoY Change	11.77%	-19.36%	18.25%	-17.47%	41.46%	31.32%	27.37%	22.57%	70.97%	37.19%
Total Assets	$35.31B	$32.48B	$39.74B	$33.25B	$44.86B	$31.69B	$22.21B	$18.40B	$15.19B	$8.089B	$5.959B	$535.0M
YoY Change
Accounts Payable	$0.00	$887.0M	$317.0M	$97.00M	$1.126B	$2.225B	$1.332B	$1.461B	$768.0M	$88.00M	$266.0M	$5.000M
YoY Change	-100.0%	179.81%	226.8%	-91.39%	-49.39%	67.04%	-8.83%	90.23%	772.73%	-66.92%	5220.0%
Accrued Expenses	$2.332B	$307.0M	$520.0M	$314.0M	$451.0M	$331.0M	$155.0M	$161.0M	$18.00M	$8.000M	$7.000M	$0.00
YoY Change	659.73%	-40.96%	65.61%	-30.38%	36.25%	113.55%	-3.73%	794.44%	125.0%	14.29%		-100.0%
Deferred Revenue
YoY Change
Short-Term Debt	$12.56B	$11.26B	$20.59B	$17.55B	$27.92B	$15.55B	$8.662B	$5.191B	$4.043B	$3.149B	$1.621B	$151.0M
YoY Change	11.58%	-45.33%	17.35%	-37.14%	79.48%	79.57%	66.87%	28.39%	28.39%	94.26%	973.51%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$15.03B	$12.58B	$21.56B	$18.05B	$29.71B	$18.30B	$10.30B	$6.931B	$4.937B	$3.301B	$1.957B	$156.0M
YoY Change	19.45%	-41.64%	19.44%	-39.24%	62.37%	77.57%	48.65%	40.39%	49.56%	68.68%	1154.49%	15500.0%
Long-Term Debt	$11.40B	$10.64B	$9.188B	$8.186B	$7.720B	$7.102B	$7.084B	$7.991B	$7.250B	$2.909B	$2.489B	$0.00
YoY Change	7.09%	15.85%	12.24%	6.04%	8.7%	0.25%	-11.35%	10.22%	149.23%	16.87%
Other Long-Term Liabilities	$1.783B	$1.533B	$1.886B	$1.588B	$202.0M	$205.0M	$11.00M	$11.00M	$20.00M	$14.00M
YoY Change	16.31%	-18.72%	18.77%	686.14%	-1.46%	1763.64%	0.0%	-45.0%	42.86%
Total Long-Term Liabilities	$13.18B	$12.18B	$11.07B	$9.774B	$7.922B	$7.307B	$7.095B	$8.002B	$7.270B	$2.923B	$2.489B	$0.00
YoY Change	8.25%	9.96%	13.3%	23.38%	8.42%	2.99%	-11.33%	10.07%	148.72%	17.44%		-100.0%
Total Liabilities	$28.30B	$25.54B	$33.14B	$27.93B	$37.71B	$25.69B	$17.52B	$15.14B	$12.40B	$6.493B	$4.693B	$157.0M
YoY Change	10.84%	-22.94%	18.64%	-25.92%	46.76%	46.62%	15.75%	22.12%	90.93%	38.35%	2889.17%	3825.0%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Basic Shares Outstanding	481.9M shares	468.8M shares	451.3M shares	415.5M shares	408.8M shares	341.3M shares	302.2M shares	238.1M shares	200.7M shares	136.5M shares	126.5M shares	126.5M shares
Diluted Shares Outstanding	483.7M shares	481.6M shares	467.7M shares	415.5M shares	409.0M shares	343.1M shares	304.4M shares	238.5M shares	202.9M shares	139.6M shares	128.7M shares	126.5M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $5.795 Billion

About Rithm Capital Corp.

Rithm Capital Corp. engages in the provision of real estate, credit, and financial services. The company is headquartered in New York City, New York and currently employs 6,570 full-time employees. The company went IPO on 2013-05-02. The Company’s investments in real estate related assets include its equity interest in operating companies, including origination and servicing platforms held through wholly owned subsidiaries, Newrez LLC (Newrez) and Genesis Capital LLC (Genesis), as well as investments in single-family rental (SFR), title, appraisal and property preservation and maintenance businesses. Its segments include Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable, Asset Management and Corporate. The Investment Portfolio consists of mortgage servicing rights (MSR) related investments, real estate securities, properties and residential mortgage loans, consumer loans and certain ancillary investments and equity method investments. The company operates its asset management business primarily through its wholly owned subsidiary, Sculptor Capital Management, Inc. (Sculptor).

Industry: Real Estate Investment Trusts Peers: AGNC Investment Corp. ANNALY CAPITAL MANAGEMENT INC Apollo Commercial Real Estate Finance, Inc. ARBOR REALTY TRUST INC BLACKSTONE MORTGAGE TRUST, INC. CHIMERA INVESTMENT CORP Claros Mortgage Trust, Inc. HA Sustainable Infrastructure Capital, Inc. STARWOOD PROPERTY TRUST, INC.