Qfin Holdings, Inc. vs Rocket Companies, Inc., two Mortgage Finance stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
5.02 against 115.15: the widest multiple spread in consumer finance, and the earnings quality runs backwards through it: Qfin, at five times, nets 31.1% of revenue with a 36% free-cash yield and no debt; Rocket, at a hundred and fifteen times, nets 2.8% at the bottom of a rate cycle. The market has priced Qfin's Chinese jurisdiction as a near-terminal discount and Rocket's American cyclicality as a temporary one. Returns on equity, 24.7% against 1%, say the discount sits on the stronger operator. Both claims are defensible; their coexistence on one screen at a 110-turn spread is the market pricing politics at more than arithmetic, which it periodically regrets in both directions.
Comparison updated 2026-07-10.
| Metric | QFIN | RKT |
|---|---|---|
| Price | $15.82 | $14.97 |
| Market cap | $4.3B | $42.6B |
| Sector | Financial Services | Financial Services |
| Stage | Mature | Growth |
| P/E | 5.0 | 115.2 |
| P/B | 1.25 | 1.83 |
| P/S | 1.57 | 4.99 |
| EV/EBITDA | 3.8 | 123.1 |
| Revenue growth | +1.7% | +92.1% |
| Operating margin | 34.8% | — |
| Net margin | 31.1% | 2.8% |
| Return on equity | 24.7% | 1.0% |
| Return on assets | 10.5% | 0.4% |
| Debt / equity | 0.00 | 0.45 |
| Current ratio | 2.43 | — |
| Altman Z (solvency) | 2.49 | 0.86 |
| Piotroski F (quality) | 6 / 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.