Rithm Capital
RITM on NYSE. Rithm Capital makes loans to real estate investors and sells mortgage investments to institutions. Market value $4.9bn.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
Cash flow or capital spending isn't reported, so free cash flow is unknown.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Real estate stocks that passed both tests
This is not advice. Check the numbers below.
We could not compute this from the filings.
The filings do not give us enough to work this out.
Each dollar kept in the business earns 5 cents a year. Above 10 is good.
Quality score: 57 of 100. Price score: not known. Our list needs 70 on quality and 60 on price.
$8.66 a share, 3% above its 1-year low
Over the past year the price has ranged from $8.43 to $12.15.
Dividend: 11.2% a year
Paid every year for at least 5 years
Yields this high often come before a cut. Check the company's latest news.
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $3.7bn | $4.9bn | $3.7bn | $4.9bn | $4.6bn |
| Operating margin | |||||
| Operating margin | 39.2% | 41.7% | 58.2% | n/a | n/a |
| Debt to equity | |||||
| Debt to equity | 4.51 | 3.11 | 3.85 | 4.18 | 4.20 |
| Shares outstanding | |||||
| Shares outstanding | 0.47bn | 0.48bn | 0.52bn | 0.55bn | 0.56bn |
Health checks
- Free cash flow positiveNot enough data
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)2 of 7 checks we could run
- Profit backed by cash (accruals)Yes
- Debt4.20× equity
- Revenue growth, five yearsStrong, 22.5% a year
- Buying back its own sharesNo, 18% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $1.3 billion last quarter, up 5% on a year ago.
- Profit: $56 million, down 82% on a year ago.
- 6% more shares than a year ago. Each share owns a bit less of the company.
- Debt is $34.4 billion more than cash, up from $29.6 billion a year ago.
| Quarter to | Amount |
|---|---|
| September 2024 | $999m |
| December 2024 | Not reported |
| March 2025 | $977m |
| June 2025 | $1.2bn |
| September 2025 | $1.1bn |
| December 2025 | $1.3bn |
| March 2026 | $1.4bn |
| June 2026 | $1.3bn |
| Quarter to | Amount |
|---|---|
| September 2024 | $122m |
| December 2024 | $290m |
| March 2025 | $79m |
| June 2025 | $312m |
| September 2025 | $222m |
| December 2025 | $85m |
| March 2026 | $103m |
| June 2026 | $56m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 19 February 2026
- Next quarterly (estimated, 10-Q)
- 3 November 2026
Who owns it
3 long-term investors we follow own it, unchanged from 3 last quarter. 512 funds in all.
- LSV Asset ManagementJosef Lakonishok
- Value
- $50m
- Share of fund
- <0.1%
- Auxier Asset ManagementJeff Auxier
- Value
- $103,290
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| LSV Asset ManagementJosef Lakonishok | $50m | <0.1% | |
| Boston PartnersBoston Partners team | $2m | <0.1% | Added |
| Auxier Asset ManagementJeff Auxier | $103,290 | <0.1% |
Largest holders overall
- BlackRock$666m
- Vanguard Portfolio Management$270m
- Vanguard Capital Management$236m
- State Street$175m
- Wellington Management Group LLP$109mAdded
- Geode Capital Management$95m
- Norges Bank$75mNew
- Charles Schwab Investment Management$66m
- Bank of America$63mCut
- Morgan Stanley$61m
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
4 investors own more than 5%.
- BlackRock, Inc.Passive investor12.4%+7.4 ptsSince 31 March 2026
- Picton Mahoney Asset ManagementPassive investor8.3%Since 31 March 2026
- Vanguard Capital ManagementPassive investor5.3%Since 31 March 2026
- Vanguard Portfolio ManagementPassive investor5.2%Since 31 March 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 12.4%+7.4 pts | 31 March 2026 | |
Picton Mahoney Asset Management Passive investor | 8.3% | 31 March 2026 | |
Vanguard Capital Management Passive investor | 5.3% | 31 March 2026 | |
Vanguard Portfolio Management Passive investor | 5.2% | 31 March 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 4 sold $5m, $93,184 of it under preset trading plans.
- Hebard Peggy HwanDirectorSold
- Date
- 20 August 2026
- Shares
- 14,520
- Price
- $10.18
- Value
- $147,741
- Saltzman DavidDirectorSold
- Date
- 20 May 2026
- Shares
- 80,922
- Price
- $9.25
- Value
- $748,346
- Zeiden DavidChief Legal OfficerSoldunder a preset trading plan
- Date
- 27 February 2026
- Shares
- 9,217
- Price
- $10.11
- Value
- $93,184
- Zeiden DavidChief Legal OfficerSold
- Date
- 14 November 2025
- Shares
- 19,285
- Price
- $11.11
- Value
- $214,256
- Nierenberg MichaelChief Executive Officer, DirectorSold
- Date
- 5 November 2025
- Shares
- 301,548
- Price
- $11.00
- Value
- $3m
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 20 August 2026 | Hebard Peggy Hwan Director | Sold | 14,520 | $10.18 | $147,741 |
| 20 May 2026 | Saltzman David Director | Sold | 80,922 | $9.25 | $748,346 |
| 27 February 2026 | Zeiden David Chief Legal Officer | Sold under a preset trading plan | 9,217 | $10.11 | $93,184 |
| 14 November 2025 | Zeiden David Chief Legal Officer | Sold | 19,285 | $11.11 | $214,256 |
| 5 November 2025 | Nierenberg Michael Chief Executive Officer, Director | Sold | 301,548 | $11.00 | $3m |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
- It carries a lot of debt: 4.2× its equity.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.