Rithm Capital CorpRithm Capital Corp
Rithm Capital Corp

Rithm Capital Corp

RITM
Real Estate·Mortgage Real Estate Investment Trusts (REITs)

Rithm Capital Corp. engages in the provision of real estate, credit, and financial services. It operates through the following segments: Origination and Servicing, Investment Portfolio, Residential Transitional Lending, Asset Management, and Corporate. The Origination and Servicing segment includes residential mortgage loans underlying mortgage servicing right assets as well as those sub-service for third parties. The Investment Portfolio segment consists of residential mortgage loans, SFR properties, consumer loans, Non-Agency RMBS, Excess MSRs and servicer advance investments. The Residential Transitional Lending segment competes for both experienced sponsors, including developers and investors in residential real estate, and attractive lending opportunities based on several factors. The Asset Management segment focuses on the wholly owned subsidiaries, Sculptor, and RCM Manager. The company was founded on September 26, 2011 and is headquartered in New York, NY.

New York; U.S.A
Market cap
$4.8BNo data
Revenue
$4.6B−11.8% YoY
Net income
$697.1M−26.0% YoY
Free cash flow
$-1.3B+40.9% YoY

Market

Listed stock
RITMPriceNYSE
Loading…Loading…1Y

Financial performance

Revenue
$4.6B−11.8% YoY
Operating income
$471.9M−62.1% YoY
Net income
$697.1M−26.0% YoY
Free cash flow
$-1.3B+40.9% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $3.6B, 2022 $4.7B, 2023 $3.8B, 2024 $5.2B, 2025 $4.6B. Operating income: 2021 $978.4M, 2022 $1.3B, 2023 $113.1M, 2024 $1.2B, 2025 $471.9M. Net income: 2021 $805.6M, 2022 $983.3M, 2023 $630.7M, 2024 $941.5M, 2025 $697.1M. Free cash flow: 2021 $2.3B, 2022 $6.9B, 2023 $693.6M, 2024 $-2.2B, 2025 $-1.3B. Reference line: Reference at $0.

Growth & profitability

Revenue growth
-11.8%−5020 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $978.4M, 2022-12-31 $1.3B, 2023-12-31 $113.1M, 2024-12-31 $1.2B, 2025-12-31 $471.9M. Net income: 2021-12-31 $805.6M, 2022-12-31 $983.3M, 2023-12-31 $630.7M, 2024-12-31 $941.5M, 2025-12-31 $697.1M. Free cash flow: 2021-12-31 $2.3B, 2022-12-31 $6.9B, 2023-12-31 $693.6M, 2024-12-31 $-2.2B, 2025-12-31 $-1.3B

Growth heatmap

2022202320242025CAGR
Revenue
+30.5%
-20.4%
+38.4%
-11.8%
+6.1%
Gross profit
+28.4%
-34.3%
+67.6%
-12.2%
+5.6%
Operating income
+30.2%
-91.1%
+1001.0%
-62.1%
-16.7%
Free cash flow
+194.2%
-89.9%
-415.1%
+40.9%
No data

Earnings quality

Operating cash flow
$-1.3B+40.9% YoY
Net income
$697.1M−26.0% YoY
Free cash flow
$-1.3B+40.9% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 -185%, 2024-12-31 -232%, 2023-12-31 110%, 2022-12-31 699%, 2021-12-31 358%. Free cash flow: 2025-12-31 -185%, 2024-12-31 -232%, 2023-12-31 110%, 2022-12-31 699%, 2021-12-31 290%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
No data
Price to sales
No data
No data
No data
No data
EV / EBITDA
No data
No data
No data
No data
Free cash flow yield
No data
No data
No data
No data