CIRCLE INTERNET GROUP, INC. vs Rocket Companies, Inc., two Mortgage Finance stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
115.15 and none: Rocket's trough multiple and Circle's absent one, two prices that both refuse to be read off trailing earnings. Rocket's 2.8% net margin is the mortgage cycle's bottom, with Redfin and Mr. Cooper folded in awaiting the refi wave; Circle's negative 2.8% is a stablecoin issuer still converting reserve interest into an operating model. The market sizes them $43B and $20B. Rocket carries modest leverage, 0.45 turns; Circle none. Both are bets on macro regimes, one on rates falling, the other on digital dollars spreading. Neither page rewards a value lens today; both are priced entirely on their weather forecasts.
Comparison updated 2026-07-10.
| Metric | CRCL | RKT |
|---|---|---|
| Price | $73.52 | $14.97 |
| Market cap | $19.6B | $42.6B |
| Sector | Financial Services | Financial Services |
| Stage | Growth | Growth |
| P/E | — | 115.2 |
| P/B | 5.72 | 1.83 |
| P/S | 6.85 | 4.99 |
| EV/EBITDA | 52.9 | 123.1 |
| Revenue growth | +46.3% | +92.1% |
| Operating margin | 6.5% | — |
| Net margin | -2.8% | 2.8% |
| Return on equity | -2.3% | 1.0% |
| Return on assets | -0.1% | 0.4% |
| Debt / equity | 0.00 | 0.45 |
| Current ratio | 1.03 | — |
| Altman Z (solvency) | 0.21 | 0.86 |
| Piotroski F (quality) | 5 / 9 | 8 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.