RITM
Rithm Capital Corp.
RITM's fundamentals are mixed, but it looks expensive: trading at 14x earnings, above its usual 8.3x. Analysts expect earnings growth, though they disagree widely on how much.
RITM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| N/A | |
| N/A |
RITM's revenue is currently healthy, and its profitability is stable. Free cash flow and net leverage aren't meaningful measures for real estate companies like RITM.
RITM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 4x | $9.00 | — |
| Cheap | 4.9x | $3.07 | -66% |
| Fair | 8.3x | $5.25 | -42% |
| Expensive | 12x | $7.31 | -19% |
| Current | 14x | $9.00 | — |
Historical ranges are pointers, not guarantees.
RITM's PE is in its expensive range at 14x. If earnings grow as analysts expect, today's price would be 4.0x next year's earnings, in its cheap range.
RITM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for RITM, but weaker profitability. However, they disagree widely on these estimates.
RITM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.25 | +257% |
| Q3 2026 | $0.63 | -57% |
| Q2 2026 | $0.60 | -54% |
| Q1 2026 | $1.09 | -9.2% |
| Q4 2025 | $1.04 | -38% |
| Q3 2025 | $1.45 | +46% |
| Q2 2023 | $1.32 | -33% |
| Q1 2023 | $0.57 | -74% |
| Q4 2022 | $1.80 | +19% |
RITM's earnings per share have fallen from their peak: $0.63 over the past year, against $2.23 in early 2022.
RITM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.8B | +59% |
| Q2 2026 | $1.3B | +5.4% |
| Q1 2026 | $1.4B | +80% |
| Q4 2025 | $1.3B | -38% |
| Q3 2025 | $1.1B | +78% |
| Q2 2025 | $1.2B | -1% |
| Q1 2025 | $768.4M | -39% |
| Q4 2024 | $2.1B | +203% |
RITM's revenue is recovering but still below its 2024 peak: $1.8B last quarter, up 59% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 30% | +8.1 points |
| Q2 2026 | 6.8% | -18 points |
| Q1 2026 | 11% | +3.8 points |
| Q4 2025 | 16% | -7.5 points |
| Q3 2025 | 21% | +14 points |
| Q2 2025 | 25% | +1.6 points |
| Q1 2025 | 7.4% | -23 points |
| Q4 2024 | 24% | +29 points |
RITM's operating margin was 30% last quarter, up 8.1 points from the same quarter a year ago.
RITM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.6B | +$453M |
| Q2 2026 | $174.1M | +$731.2M |
| Q1 2026 | $100.7M | -93% |
| Q4 2025 | -$114.6M | +$1.6B |
| Q3 2025 | -$2B | -366% |
| Q2 2025 | -$557.1M | -586% |
| Q1 2025 | $1.4B | +$2.7B |
| Q4 2024 | -$1.8B | -$706.4M |
RITM's free cash flow was −$1.4B over the past year, against −$2.9B the year before. Free cash flow isn't a meaningful measure for real estate companies like RITM.
RITM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.8% | +4.6M shares |
| 1 year | +3.9% | +21.5M shares |
| 3 years | +18% | +88.5M shares |
| 5 years | +19% | +90.5M shares |
| Available history | +38% | +157M shares |
RITM has 573M diluted shares, up 3.9% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $50M |
RITM hasn't bought back shares in the past year.
RITM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 28.2x | High |
| Q2 2026 | 37.0x | High |
| Q1 2026 | 31.0x | High |
| Q4 2025 | 36.8x | High |
| Q1 2022 | 17.4x | High |
| Q4 2021 | 29.4x | High |
RITM's net debt is more than 20 years of its operating earnings (EBITDA), up from 17 years a year ago. Net leverage isn't a meaningful measure for real estate companies like RITM.
RITM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.4 | Neutral |
| Stochastic | 40.3 | Neutral |
RITM's weekly RSI is 42 (neutral) and its Stochastic is 40 (neutral).
RITM PE vs Real Estate Sector
| Metric | RITM | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 24x | 40% below |
| PE % | 86 | 23 | 63 pts above |
RITM is trading at 14x earnings, a 40% discount to the Real Estate sector's median of 24x.
RITM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.01 | 0.1% below |
| 20 week MA | $9.43 | 4.6% below |
| 50 week MA | $9.87 | 8.8% below |
| 100 week MA | $10.7 | 15% below |
| 200 week MA | $10.4 | 14% below |
RITM is in a downtrend: it's below all five of its weekly moving averages, and 14% below its 200-week average.
RITM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $16.7 | $10.1 | -39% |
| 2021 | $10.1 | $11.0 | +9.1% |
| 2022 | $11.0 | $8.52 | -23% |
| 2023 | $8.52 | $10.7 | +25% |
| 2024 | $10.7 | $10.9 | +2.2% |
| 2025 | $10.9 | $11.2 | +2.2% |
| 2026 YTD | $11.2 | $9.00 | -19% |
RITM has finished higher in four of the last six years. It's down 19% so far in 2026.