RITM Real Estate

Rithm Capital Corp.

$9.22-2.43%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Real Estate
Industry: REIT - Mortgage
Country: United States
Market cap: 5.1B USD
Enterprise value: 39.2B USD
Full-time employees: 7,240

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.11 vs a peer median of 0.75) and more debt relative to equity (4.23× vs a peer median of 0.80×)higher risk: bigger price swings (beta 1.11 vs peers 0.75) and more debt vs equity (4.23× vs peers 0.80×)

Ranks #587 of 632 real estate companies (bottom 8%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.
Rithm Capital reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.
Shareholders being diluted. Shares outstanding up 18% from December 2022 to July 2026.
Rithm Capital had 18% more shares at July 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Rithm Capital had 18% more shares at July 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Much more borrowing than peers. Debt is 4.2× equity vs a peer median of 0.8×.Debt is 4.2× equity vs peers 0.8×.
Debt is 4.2× shareholders' equity, against a peer median of 0.8×, among the highest 10% of its peer group.Debt is 4.2× shareholders' equity, vs peers 0.8×, among the highest 10% of its peer group.
Borrowing rising faster than profit. Since 2022 (an unusually strong year for operating profit): debt +61%, operating profit −36%.Since 2022: debt +61%, operating profit −36%.
Rithm Capital's debt grew 61% since 2022 while operating profit changed −36%.

StockQuotient Score

23/ 100

Oct 5 23 → Nov 4 23

Valuation

Is the price right?

27/100

Weak

2/3 inputs reported · Partial data

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield6.5%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score 0.24Sector median: 0.0535 · MAD: 0.0484

EBITDA yieldUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0536 · MAD: 0.0204

Free cash flow yield-36.6%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.46Sector median: 0.0650 · MAD: 0.0444

Other data (not scored)

Book yield165.4%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 1.1277 · MAD: 0.5490

Growth

Is it growing?

39/100

Weak▼ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Score 40 → 39

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-54.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -2.13Sector median: 0.1117 · MAD: 0.3101

3-year revenue growth9.9%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 0.83Sector median: 0.0378 · MAD: 0.0744

Revenue growth6.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.34Sector median: 0.0297 · MAD: 0.0927

Profitability

Does it earn well?

20/100

Weak▲ 1 since Oct 27 close

2/3 inputs reported · Partial data

Since last quarter: ▼ Weaker

Net margin fell 5.2 points to 6.6%

Why it changed since the Oct 27, 2026 close: Score 19 → 20

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ ROIC
▼ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating marginUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.2683 · MAD: 0.2257

Return on assets0.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.11Sector median: 0.0211 · MAD: 0.0134

Return on invested capital0.6%

Yahoo Finance fallback · SEC operating income or invested capital unavailable · trailing 12 monthsReported value33% base weight · Z-score -1.40Sector median: 0.0341 · MAD: 0.0197

Other data (not scored)

Gross margin95.6%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.5380 · MAD: 0.2259

Return on equity3.9%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0521 · MAD: 0.0465

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Debt / equity
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.11

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.11Sector median: 0.7490 · MAD: 0.3270

Current ratio1.07×

Yahoo Finance fallback · SEC figure unavailable or out of dateReported value33% base weight · Z-score -0.17Sector median: 1.1950 · MAD: 0.7210

Debt / equity4.23×

SEC filings · latest balance sheetReported value33% base weight · Z-score -8.80Sector median: 0.8040 · MAD: 0.3893

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Rithm Capital

Is Rithm Capital getting weaker?: Its latest SEC filing (Aug 4, 2026) got weaker in some ways: net margin fell 5.2 points to 6.6%. Its overall score is unchanged at 23/100 since Oct 28, 2026.
How is Rithm Capital valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 27/100 against 762 real estate peers. Free cash flow yield -36.6% vs a peer median of 6.5% (weaker than 100% of peers).Free cash flow yield -36.6% vs peers 6.5% (weaker than 100% of peers).
Is Rithm Capital growing?: More slowly than most of its peers. Growth scores 39/100 against 762 real estate peers. 3-year revenue growth 9.9% vs a peer median of 3.8% (stronger than 72% of peers).3-year revenue growth 9.9% vs peers 3.8% (stronger than 72% of peers). Earnings per share growth -54.8% vs a peer median of 11.2% (weaker than 92% of peers).Earnings per share growth -54.8% vs peers 11.2% (weaker than 92% of peers).
How profitable is Rithm Capital?: Less profitable than most of its peers. Profitability scores 20/100 against 762 real estate peers. Return on invested capital 0.6% vs a peer median of 3.4% (weaker than 81% of peers).Return on invested capital 0.6% vs peers 3.4% (weaker than 81% of peers).
How risky is Rithm Capital?: Higher risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Debt / equity 4.23× vs a peer median of 0.80× (weaker than 93% of peers).Debt / equity 4.23× vs peers 0.80× (weaker than 93% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 4, 2026 · compared with the quarter ended Mar 31, 2026

Got weaker

Net margin fell 5.2 points to 6.6%

	Previous quarter	Latest quarter	Change
Revenue (12 months)	5.0B USD	5.1B USD	+1.3%
Net income (12 months)	591.1M USD	335.6M USD	−43.2%
Debt	35.2B USD	36.0B USD	+2.4%
Cash	1.6B USD	1.7B USD	+1.1%
Shares outstanding	558.3M	558.4M	+0.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Real Estate · 124 companies

Valuations in Real Estate are within their usual range since 2016.

30% of months since 2016 were valued lower than now.
15% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +4% and earnings +25% (medians): earnings grew faster than prices.
Median price-to-sales is +112% vs the whole market, against a usual +154%.

2016Shaded: most expensive fifth of its range2026

Shown for Real Estate: too few REIT - Mortgage companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	21.0%	23.0%	21.3%	23.4%	15.8%	▼ 7.7 pts
Net margin	21.6%	20.0%	16.7%	18.9%	15.2%	▼ 3.8 pts
Return on assets (ROA)	2.0%	2.8%	1.6%	2.0%	1.3%	▼ 0.7 pts
Return on equity (ROE)	12.2%	14.2%	8.9%	12.0%	8.3%	▼ 3.7 pts
Debt to equity	4.52×	3.17×	3.85×	4.18×	4.20×	▲ 0.7%
Interest coverage	1.57×	1.43×	0.56×	—	—	—

RITM price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

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Millrose Properties, Inc.MRP94/ 100

Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.11 vs a peer median of 0.75) and more debt relative to equity (4.23× vs a peer median of 0.80×)higher risk: bigger price swings (beta 1.11 vs peers 0.75) and more debt vs equity (4.23× vs peers 0.80×)

Ranks #587 of 632 real estate companies (bottom 8%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.

Rithm Capital reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.

Shareholders being diluted. Shares outstanding up 18% from December 2022 to July 2026.

Rithm Capital had 18% more shares at July 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Rithm Capital had 18% more shares at July 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Much more borrowing than peers. Debt is 4.2× equity vs a peer median of 0.8×.Debt is 4.2× equity vs peers 0.8×.

Debt is 4.2× shareholders' equity, against a peer median of 0.8×, among the highest 10% of its peer group.Debt is 4.2× shareholders' equity, vs peers 0.8×, among the highest 10% of its peer group.

Borrowing rising faster than profit. Since 2022 (an unusually strong year for operating profit): debt +61%, operating profit −36%.Since 2022: debt +61%, operating profit −36%.

Rithm Capital's debt grew 61% since 2022 while operating profit changed −36%.

Questions investors ask about Rithm Capital

Is Rithm Capital getting weaker?

Its latest SEC filing (Aug 4, 2026) got weaker in some ways: net margin fell 5.2 points to 6.6%. Its overall score is unchanged at 23/100 since Oct 28, 2026.

How is Rithm Capital valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 27/100 against 762 real estate peers. Free cash flow yield -36.6% vs a peer median of 6.5% (weaker than 100% of peers).Free cash flow yield -36.6% vs peers 6.5% (weaker than 100% of peers).

Is Rithm Capital growing?

More slowly than most of its peers. Growth scores 39/100 against 762 real estate peers. 3-year revenue growth 9.9% vs a peer median of 3.8% (stronger than 72% of peers).3-year revenue growth 9.9% vs peers 3.8% (stronger than 72% of peers). Earnings per share growth -54.8% vs a peer median of 11.2% (weaker than 92% of peers).Earnings per share growth -54.8% vs peers 11.2% (weaker than 92% of peers).

How profitable is Rithm Capital?

Less profitable than most of its peers. Profitability scores 20/100 against 762 real estate peers. Return on invested capital 0.6% vs a peer median of 3.4% (weaker than 81% of peers).Return on invested capital 0.6% vs peers 3.4% (weaker than 81% of peers).

How risky is Rithm Capital?

Higher risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Debt / equity 4.23× vs a peer median of 0.80× (weaker than 93% of peers).Debt / equity 4.23× vs peers 0.80× (weaker than 93% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

5.0B USD

5.1B USD

+1.3%

Net income (12 months)

591.1M USD

335.6M USD

−43.2%

Debt

35.2B USD

36.0B USD

+2.4%

Cash

1.6B USD

1.7B USD

+1.1%

Shares outstanding

558.3M

558.4M

+0.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

21.0%

23.0%

21.3%

23.4%

15.8%

▼ 7.7 pts

Net margin

21.6%

20.0%

16.7%

18.9%

15.2%

▼ 3.8 pts

Return on assets (ROA)

2.0%

2.8%

1.6%

2.0%

1.3%

▼ 0.7 pts

Return on equity (ROE)

12.2%

14.2%

8.9%

12.0%

8.3%

▼ 3.7 pts

Debt to equity

4.52×

3.17×

3.85×

4.18×

4.20×

▲ 0.7%

Interest coverage

1.57×

1.43×

0.56×

—