Loading…
Diversified alternative asset manager/REIT investing in mortgage servicing rights, mortgage origination and real estate.
Diversified alternative asset manager/REIT investing in mortgage servicing rights, mortgage origination and real estate.
Collects fees for servicing home loans whose servicing rights it owns, and earns gains from originating and selling new mortgages through Newrez. Rising rates tend to lift the value of servicing rights but slow origination, so the two lines partly offset. Since buying Sculptor in 2023 it also earns management fees on outside investors' money.
Moat: narrow (scale, process know-how). Vertically integrated MSR/origination/servicing platform, but the mortgage cycle is competitive and rate-sensitive.
Headquarters: New York, New York, United States · Founded: 2013 · Employees: 7,240
Size Rithm Capital (RITM) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $5.15B, the 1163rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $9.23 on 6 Nov 2026.
Performance Over six months the shares fell 6.2%, against -2.2% for the median peer and -1.1% for the United States market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 19.0% over the last twelve months (peer median +5.8%); the operating margin is 47.9% (peer median 38.2%).
Valuation It trades at 4.1× forward earnings against a peer median of 19.4× (cheapest of 19).
Credit Rithm Capital has 1 bond outstanding ($775M), rated B by the agencies and trading like B- at a weighted spread of 360 bp.
Short interest Short interest is 5.9% of the free float (15 Oct 2026).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $5.93B | $5.69B | $4.54B | $3.76B | $1.67B |
| Revenue growth | — | +25% | +21% | +125% | — |
| Gross profit | $5.08B | $5.25B | $4.18B | $3.58B | $1.03B |
| EBITDA | $3.15B | $2.64B | $3.22B | $2.18B | $2.06B |
| Net income | $497M | $681M | $932M | $622M | $955M |
| Free cash flow | -$1.87B | -$763M | -$2.03B | n/a | n/a |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Total debt | $42.4B | $39.5B | $31.2B | $28.7B | $22.9B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Rithm Capital RITM | $5.15B | -6% | +19% | 48% | 4.1× | n/a |
| PennyMac Financial Services PFSI | $3.41B | -28% | +4% | 29% | 10.1× | n/a |
| Annaly Capital Management NLY | $14.8B | -17% | +23% | 77% | 6.0× | n/a |
| Starwood Property Trust STWD | $4.46B | -32% | +11% | 73% | 7.7× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | RITM | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.1% | +6.5% | 10th highest of 21 |
| 6-month return | -6.2% | -2.2% | 9th lowest of 21 |
| Distance from 52-week high | -24.0% | -11.3% | 3rd lowest of 21 |
| Revenue growth (TTM) | +19.0% | +5.8% | 4th highest of 21 |
| Operating margin | 47.9% | 38.2% | 9th highest of 21 |
| Forward P/E | 4.1× | 19.4× | cheapest of 19 |
| Bond spread | 360 bp | 112 bp | widest of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Rithm Capital RITM | United States | $5.15B | -6% | +19% | 48% | 4.1× | n/a | n/a |
| Chartwell Retirement Residences CSH-UN.TO | Canada | $5.25B | +3% | +24% | 13% | 147.6× | n/a | n/a |
| Mirvac MGR.AX | Australia | $5.27B | +14% | +6% | 20% | 14.8× | n/a | n/a |
| Kite Realty Group Trust KRG | United States | $5.04B | -4% | -7% | 23% | 68.2× | n/a | n/a |
| Japan Real Estate Investment 8952.T | Japan | $4.98B | -10% | -1% | 38% | 25.6× | n/a | n/a |
| OUTFRONT Media OUT | United States | $5.42B | -9% | +8% | 20% | 22.2× | n/a | n/a |
| Mapletree Pan Asia Commercial Trust N2IU.SI | Singapore | $4.89B | -7% | -5% | 64% | 15.6× | n/a | n/a |
| Japan Metropolitan Fund Investment 8953.T | Japan | $4.87B | -8% | 0% | 41% | 18.9× | n/a | n/a |
| Cousins Properties CUZ | United States | $4.87B | +11% | +8% | 24% | 65.6× | n/a | n/a |
| Gecina GFC.PA | France | $5.47B | -8% | +1% | 68% | 9.8× | n/a | n/a |
| Sabra Health Care REIT SBRA | United States | $5.51B | +1% | +21% | 18% | 29.4× | n/a | n/a |
| Covivio COV.PA | France | $5.64B | -16% | +5% | 54% | 9.2× | n/a | n/a |
| General de Galerias Comerciales GGC.MC | Spain | $4.70B | 0% | +3% | 78% | n/a | n/a | n/a |
| Keppel DC REIT AJBU.SI | Singapore | $4.67B | -6% | +30% | 77% | 18.0× | n/a | n/a |
| Phillips Edison & PECO | United States | $5.72B | +2% | +7% | 29% | 49.4× | n/a | n/a |
| Americold Realty Trust COLD | United States | $4.57B | +8% | 0% | 6% | n/a | n/a | n/a |
| EPR Properties EPR | United States | $4.56B | +2% | +7% | 38% | 19.8× | n/a | n/a |
| British Land BLND.L | United Kingdom | $5.94B | +17% | +15% | 52% | 14.1× | n/a | n/a |
| Mapletree Logistics Trust M44U.SI | Singapore | $4.47B | -6% | -1% | 57% | 18.8× | n/a | n/a |
| Starwood Property Trust STWD | United States | $4.46B | -32% | +11% | 73% | 7.7× | n/a | n/a |
| Apple Hospitality REIT APLE | United States | $4.46B | +34% | +1% | 18% | 25.1× | n/a | n/a |
Rithm Capital has 1 bond outstanding with $775M face value. The agencies rate it B; its bonds trade like B-. Weighted yield 7.96%, a spread of 360 bp over government bonds.