Rithm Capital Corp.

Rithm Capital Corp.

RITM · NYSE · Real Estate / REIT - Mortgage

8.97USD-0.03 (-0.33%)

Price History

Full chart

Market Stats

Previous Close9.00
Open9.08
Day Range8.83 – 9.14
52-Week Range7.99 – 11.52
Volume4.35M
Market Cap5.07B
P/E (TTM)15.13
Forward P/E4.06
EPS0.60
Dividend Yield10.95%
Beta1.11
50-Day Avg9.82
200-Day Avg10.00

About

Rithm Capital Corp. operates as an asset manager focused on real estate, credit, and financial services in the United States. It operates through Origination and Servicing, Residential Transitional Lending, and Asset Management and Investment Portfolio. The company's investment portfolio primarily comprises of single-family rental properties, title, appraisal and property preservation and maintenance businesses; real estate securities, call rights, SFR properties, residential mortgage loans, collateralized loan obligations and consumer loans, excess mortgage servicing rights, servicer advance investments, and asset management related investments. It also provides government-sponsored enterprise (GSE) and government guaranteed loans; non-GSE or non-government guaranteed loans; and residential transitional lending. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as New Residential Investment Corp. and changed its name to Rithm Capital Corp. in August 2022. Rithm Capital Corp. was incorporated in 2011 and is based in New York, New York.

Company Details

  • SectorReal Estate
  • IndustryREIT - Mortgage
  • CEOMr. Michael B. Nierenberg
  • Employees7.24K
  • Headquarters799 Broadway, New York, NY, United States, 10003, USA
  • Websitehttps://www.rithmcap.com

Leadership

  • Mr. Michael B. NierenbergChairman, President & CEO · b. 1963
  • Mr. Nicola Santoro Jr., CPACFO, Chief Accounting Officer & Treasurer · b. 1968
  • Mr. Charles SorrentinoMD & Head of Investments

Financials

Income Statement

Currency: USD2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue1.26M41.45M313.55M478.43M338.33M822.75M1.39B1.43B1.39B-21.34M2.90B1.67B1.29B4.74B5.69B
Growth (%)-+3190.08%+656.36%+52.58%-29.28%+143.18%+68.85%+2.91%-2.58%-101.53%+13673.22%-42.38%-22.43%+266.03%+19.99%
Cost of Revenue39.00K3.35M309.00K3.91M56.46M136.14M355.92M63.23M430.58M110.21M342.58M641.52M787.09M265.12M541.23M
Gross Profit1.22M41.45M313.55M478.43M338.33M822.75M1.39B1.37B1.39B-131.55M2.55B1.03B507.48M4.47B5.14B
Gross Margin96.90%100.00%100.00%100.00%100.00%100.00%100.00%95.58%100.00%616.46%88.17%61.56%39.20%94.41%90.48%
Operating Expense874.00K-496.00K32.58M-38.11M-193.32M-94.03M-196.82M-130.64M787.61M1.26B1.14B-1.01B730.75M1.38B2.61B
Operating Income347.00K41.95M280.97M516.54M531.65M916.79M1.59B1.50B605.06M-1.39B1.41B2.04B-223.27M3.10B2.53B
Operating Margin27.54%101.20%89.61%107.97%157.14%111.43%114.17%104.72%43.45%6530.02%48.85%122.28%-17.25%65.32%44.56%
EBITDA347.00K41.95M280.97M516.54M531.65M916.79M1.59B1.50B605.06M-1.39B1.47B2.06B-223.27M3.13B1.35B
EBITDA Margin27.54%101.20%89.61%107.97%157.14%111.43%114.17%104.72%43.45%6530.02%50.66%123.41%-17.25%65.96%23.81%
Net Income714.00K41.25M265.95M352.88M268.64M504.45M957.53M963.97M563.30M-1.36B772.23M954.52M532.68M931.50M681.45M
Net Income Margin56.67%99.50%84.82%73.76%79.40%61.31%68.93%67.43%40.45%6362.45%26.66%57.20%41.15%19.66%11.98%
R&D-----0.530.610.390.220.920.330.740.2--
R&D as % of Total Revenue-----0.00%0.00%0.00%0.00%-0.00%0.00%0.00%0.00%--
Interest Expense-704.00K15.02M140.71M274.01M373.42M460.87M606.43M933.75M584.47M497.31M777.79M1.42B1.89B440.00M
Interest Expense % of Total Revenue-1.70%4.79%29.41%80.99%45.39%33.17%42.42%67.05%-2738.97%17.17%46.61%109.79%39.81%7.74%

Balance Sheet

Currency: USD2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-534.88M5.96B8.09B15.19B18.37B22.21B31.69B44.88B33.25B39.74B32.48B39.72B46.05B53.06B
Total Liabilities-156.52M4.45B6.24B12.21B14.90B17.42B25.60B37.64B27.82B33.07B25.47B32.62B38.16B43.81B
Total Equity-378.36M1.27B1.85B2.80B3.26B4.69B6.00B7.16B5.32B6.60B7.01B7.01B7.79B8.43B
Cash--271.99M212.99M249.94M290.60M295.80M251.06M528.74M944.85M1.33B1.34B1.29B1.46B1.85B
Total Debt-150.92M2.49B2.91B7.25B7.99B7.08B7.10B7.72B25.73B31.71B22.45B26.96B32.79B39.58B
Net Debt-150.92M2.22B2.70B7.00B7.70B6.79B6.85B7.19B24.79B30.38B20.57B25.68B31.33B37.73B

Cash Flow

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow41.86M152.94M155.37M320.76M560.80M-899.72M-1.23B-1.62B1.86B2.88B6.87B693.60M-2.19B-762.62M
Investing Cash Flow--993.45M--312.74M-182.58M-1.78B-5.17B-10.97B8.63B2.31B198.25M216.72M-2.43B2.24B
Financing Cash Flow-1.11B1.80B28.93M-269.15M2.67B6.37B12.85B-10.11B-4.74B-6.98B-842.55M4.83B-602.12M
Capital Expenditure0297.20M94.11M252.13M528.80M1.66B1.19B1.45B539.89M23.02M542.00K693.60M131.19M0
Free Cash Flow41.86M-144.26M61.26M68.64M32.00M-2.56B-2.42B-3.07B1.32B2.86B6.87B693.60M-2.32B-762.62M
Dividends Paid-62.02M227.65M303.02M433.41M570.23M661.86M817.12M383.57M438.54M558.30M570.88M588.06M643.20M
FCF to OCF100.00%-94.32%39.43%21.40%5.71%284.68%197.18%189.39%70.91%99.20%99.99%100.00%106.00%100.00%
Dividend Paid to FCF--42.99%371.61%441.49%1354.55%-22.26%-27.31%-26.59%29.15%15.33%8.12%82.31%-25.39%-84.34%

Earnings

Report DateJun 12, 2013Aug 7, 2013Nov 7, 2013Mar 20, 2014May 14, 2014Aug 6, 2014Nov 6, 2014Feb 27, 2015May 8, 2015Aug 10, 2015Nov 3, 2015Feb 24, 2016May 4, 2016Aug 2, 2016Nov 2, 2016Feb 21, 2017May 1, 2017Jul 31, 2017Oct 27, 2017Feb 13, 2018Apr 27, 2018Jul 26, 2018Oct 25, 2018Feb 12, 2019May 1, 2019Jul 30, 2019Oct 25, 2019Feb 6, 2020May 5, 2020Jul 22, 2020Oct 26, 2020Feb 9, 2021May 5, 2021Jul 29, 2021Nov 2, 2021Feb 8, 2022May 3, 2022Aug 2, 2022Nov 2, 2022Feb 8, 2023May 4, 2023Aug 2, 2023Oct 26, 2023Feb 7, 2024Apr 30, 2024Jul 31, 2024Oct 29, 2024Feb 6, 2025Apr 25, 2025Jul 28, 2025Oct 30, 2025Feb 3, 2026Apr 28, 2026Jul 28, 2026Oct 29, 2026
EPS Estimate0.140.240.360.330.340.340.390.400.420.460.490.490.500.500.490.560.530.530.540.540.540.550.550.550.530.540.520.52-0.120.300.360.320.330.300.350.400.350.310.290.300.320.360.380.380.390.420.420.440.470.520.520.580.500.500.51
EPS Actual0.120.300.300.280.320.400.430.410.440.450.490.520.490.520.510.620.541.030.640.610.580.580.630.580.530.530.500.610.480.340.310.320.340.310.440.400.370.310.320.330.350.620.580.510.480.470.540.600.520.540.540.740.510.60-
Surprise-14.29%25.00%-16.67%-15.15%-5.88%17.65%10.26%2.50%4.76%-2.17%0.00%6.12%-2.00%4.00%4.08%10.71%1.89%94.34%18.52%12.96%7.41%5.45%14.55%5.45%0.00%-1.85%-3.85%17.31%500.00%13.33%-13.89%0.00%3.03%3.33%25.71%0.00%5.71%0.00%10.34%10.00%9.38%72.22%52.63%34.21%23.08%11.90%28.57%36.36%10.64%3.85%3.85%27.59%2.00%20.00%-
Timing-Pre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap5.07B
Enterprise Value42.53B
Trailing P/E15.13
Forward P/E4.06
Price / Sales1.17
Price / Book0.76
EPS0.60
Book Value12.33
Revenue (TTM)4.32B
Gross Profit (TTM)4.12B
Profit Margin10.78%
Operating Margin7.94%
Return on Equity5.59%
Return on Assets1.01%
Shares Outstanding558.41M
Shares Float555.91M
Beta1.11
Dividend Yield10.95%
Dividend Rate1.00
Payout Ratio41.84%

Analyst Ratings

Strong Buy
Based on 11 analystsTarget 13.15
  • Strong Buy
    7
  • Buy
    4

Ownership Breakdown

Institutions
61.69%
Insiders
0.51%
Retail / Other
37.80%

Top Institutional Holders

  • BlackRock Inc
    71.74M12.85%
  • Vanguard Portfolio Management, LLC
    28.83M5.16%
  • Vanguard Capital Management, LLC
    24.97M4.47%
  • State Street Corp
    18.96M3.39%
  • Wellington Management Company LLP
    11.62M2.08%
  • Geode Capital Management, LLC
    10.08M1.80%
  • NORGES BANK
    7.99M1.43%
  • Charles Schwab Investment Management Inc
    7.01M1.26%
  • Bank of America Corp
    6.94M1.24%
  • Morgan Stanley - Brokerage Accounts
    6.51M1.17%
  • LSV Asset Management
    5.32M0.95%
  • UBS Group AG
    5.00M0.90%
  • The Goldman Sachs Group Inc
    4.79M0.86%
  • Northern Trust Corp
    4.72M0.84%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    34.02M6.09%
  • Vanguard MStar Total Stk Mkt Idx Invest
    17.76M3.18%
  • Vanguard Small Cap Index
    12.85M2.30%
  • Vanguard MStar Small Cap Value Index
    8.16M1.46%
  • State Street SPDR Port S&P 600 Sm CpETF
    5.25M0.94%
  • iShares S&P Small-Cap 600 Value ETF
    4.99M0.89%

Dividends

20262×
0.25Jul 2, 20260.25Apr 6, 2026
20254×
0.25Dec 31, 20250.25Oct 1, 20250.25Jun 30, 20250.25Mar 31, 2025
20244×
0.25Dec 31, 20240.25Oct 1, 20240.25Jul 1, 20240.25Mar 28, 2024
20234×
0.25Dec 28, 20230.25Sep 28, 20230.25Jun 30, 20230.25Mar 30, 2023
20224×
0.25Dec 29, 20220.25Oct 3, 20220.25Jun 30, 20220.25Apr 1, 2022
20214×
0.25Dec 30, 20210.25Oct 1, 20210.20Jul 1, 20210.20Apr 1, 2021
20202×
0.20Dec 30, 20200.15Oct 2, 2020

Stock Splits

  • Oct 20, 20141:2