RITMRithm Capital Corp.
Real Estate Investment Trusts
- Revenue
- $4.6B
- 6.7% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $5.2B
- Employees
- 7,240
- $634K revenue each
- Net debt / EBITDA
- —
- $28.4B net debt
- AI in 10-K
- 1.0
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 1 of 7
- TSR below peersNo0 of 4 years3+ of last 5 years
- High CEO pay despite TSRNo$20M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashYes-228% of net incomeCash flow under 80% of net income
- Dilutive SBCNo2% of revenueOver 10% of revenue
- Payouts exceed cash flowNo-29% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo1% of assetsOver 40% of assets
- Shareholder dissentNo85% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo$634K · 38th pctBottom quartile of its SIC industry
- Quiet on AINo1.0 per 10K words · 34th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$5.2B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$5M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $3.7B | $4.9B | $3.7B | $4.9B | $4.6B | 6.7% |
| Net income | — | $865M | $533M | $835M | $567M | 32% |
| Operating cash flow | $3.4B | $5.8B | $694M | −$2.2B | −$1.3B | 41% |
| Stock-based comp | $1M | $1M | $14M | $49M | $72M | 46% |
| Buybacks | $0 | — | — | — | — | |
| Dividends | $376M | — | — | — | — |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $5M · 6
- Net
- −$5M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $20M | $37M | 152 | 98 |
| FY2024 | $21M | $40M | 138 | 84 |
| FY2023 | $20M | $28M | 124 | 85 |
| FY2022 | $9M | $9M | 85 | 74 |