Ready Capital Corporation (RC) Financial Ratios
14 years of historical data (2012–2025) · Real Estate · REIT - Mortgage
EV/EBITDA
47.70
-1% vs avg
5yr avg: 48.31
30Y Low12.1·High48.3
P/FCF
↑
N/A
—
5yr avg: 24.84
30Y Low1.3·High56.6
P/B Ratio
↓
0.18
↓-70% vs avg
5yr avg: 0.58
30Y Low0.2·High3.3
ROE
↓
-12.8%
↑-720% vs avg
5yr avg: 2.1%
30Y Low-19%·High31%
Debt/EBITDA
47.37
+0% vs avg
5yr avg: 47.37
30Y Low9.8·High47.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
RC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Ready Capital Corporation currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $289M | $365M | $1.2B | $1.5B | $1.3B | $1.1B | $670M | $648M | $444M | $475M | $358M |
| Enterprise Value | $5.9B | $6.0B | $7.1B | $8.6B | $10.3B | $7.8B | $4.7B | $4.5B | $2.7B | $2.2B | $1.5B |
| P/E Ratio → | -1.22 | — | — | 4.60 | 7.38 | 10.15 | 15.37 | 8.97 | 7.48 | 10.98 | 7.27 |
| P/S Ratio | 0.58 | 0.73 | 42.50 | 3.91 | 3.41 | 3.62 | 1.74 | 3.28 | 2.81 | 3.11 | 2.87 |
| P/B Ratio | 0.18 | 0.22 | 0.60 | 0.58 | 0.69 | 0.84 | 0.80 | 0.77 | 0.79 | 0.86 | 0.65 |
| P/FCF | — | — | — | 46.05 | 3.64 | — | 9.73 | — | 3.17 | 1.35 | 4.44 |
| P/OCF | — | — | — | 46.05 | 3.64 | — | 9.73 | — | 3.16 | 1.35 | 24.28 |
P/E links to full P/E history page with 30-year chart
RC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Ready Capital Corporation's enterprise value stands at 47.7x EBITDA, roughly in line with its 5-year average of 48.3x. The Real Estate sector median is 17.0x, placing the stock at a 181% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 11.97 | 257.88 | 22.13 | 26.95 | 26.38 | 12.09 | 22.80 | 17.04 | 14.31 | 12.14 |
| EV / EBITDA | 47.70 | 48.31 | — | — | — | — | — | — | 20.10 | 12.13 | 13.86 |
| EV / EBIT | 48.81 | 28.27 | — | — | — | — | — | — | 52.72 | — | — |
| EV / FCF | — | — | — | 260.93 | 28.77 | — | 67.52 | — | 19.27 | 6.21 | 18.79 |
RC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Ready Capital Corporation earns an operating margin of 24.2%, roughly in line with the Real Estate sector average. A negative ROE of -12.8% indicates the company is currently destroying shareholder equity. ROIC of 1.2% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 87.7% | 87.7% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 81.8% | 49.6% | 47.5% |
| Operating Margin | 24.2% | 24.2% | — | — | — | — | — | — | -76.8% | -33.9% | -0.2% |
| Net Profit Margin | -45.8% | -45.8% | -1593.0% | 87.1% | 50.7% | 53.2% | 11.7% | 36.9% | 37.4% | 28.3% | 39.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -12.8% | -12.8% | -19.0% | 14.9% | 12.2% | 14.9% | 5.3% | 10.4% | 10.6% | 7.8% | 13.5% |
| ROA | -2.6% | -2.6% | -3.9% | 2.8% | 1.8% | 2.1% | 0.9% | 1.8% | 2.1% | 1.7% | 2.9% |
| ROIC | 1.2% | 1.2% | — | — | — | — | — | — | -3.6% | -2.0% | -0.0% |
| ROCE | 1.4% | 1.4% | — | — | — | — | — | — | -4.5% | -2.1% | -0.0% |
RC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Ready Capital Corporation carries a Debt/EBITDA ratio of 47.4x, which is highly leveraged (498% above the sector average of 7.9x). Net debt stands at $5.6B ($5.9B total debt minus $248M cash). Interest coverage of just 0.4x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.55 | 3.55 | 3.12 | 2.74 | 4.92 | 6.18 | 4.94 | 4.65 | 4.09 | 3.20 | 2.21 |
| Debt / EBITDA | 47.37 | 47.37 | — | — | — | — | — | — | 17.20 | 9.84 | 11.13 |
| Net Debt / Equity | — | 3.40 | 3.04 | 2.68 | 4.75 | 5.27 | 4.77 | 4.57 | 3.99 | 3.08 | 2.10 |
| Net Debt / EBITDA | 45.37 | 45.37 | — | — | — | — | — | — | 16.79 | 9.49 | 10.58 |
| Debt / FCF | — | — | — | 214.88 | 25.13 | — | 57.80 | — | 16.10 | 4.86 | 14.35 |
| Interest Coverage | 0.41 | 0.41 | — | — | — | — | — | — | 0.47 | -0.33 | — |
RC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.04x means Ready Capital Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.79x to 1.04x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.04 | 1.04 | — | 0.79 | 0.63 | 0.36 | 0.07 | 0.27 | 17.15 | 0.94 | 4.89 |
| Quick Ratio | 1.04 | 1.04 | — | 1.17 | 0.38 | 0.44 | 0.07 | 0.50 | 16.98 | 1.02 | 4.84 |
| Cash Ratio | 1.24 | 1.24 | — | 0.41 | 0.62 | 0.35 | 0.24 | 0.17 | 0.63 | 0.73 | 4.64 |
| Asset Turnover | — | 0.06 | 0.00 | 0.03 | 0.03 | 0.03 | 0.07 | 0.04 | 0.05 | 0.06 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 1.98 | — | 16.68 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
RC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Ready Capital Corporation returns 62.1% to shareholders annually — split between a 38.7% dividend yield and 23.4% buyback yield.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 38.7% | 31.1% | 17.7% | 14.1% | 14.4% | 10.4% | 8.5% | 9.8% | 11.6% | 10.2% | 13.1% |
| Payout Ratio | — | — | — | — | 96.7% | 71.0% | 126.8% | 86.8% | 86.6% | 111.5% | 95.3% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 21.8% | 13.6% | 9.9% | 6.5% | 11.2% | 13.4% | 9.1% | 13.8% |
| FCF Yield | — | — | — | 2.2% | 27.5% | — | 10.3% | — | 31.5% | 74.2% | 22.5% |
| Buyback Yield | 23.4% | 18.5% | 7.1% | 1.2% | 2.8% | 9.2% | 1.4% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 62.1% | 49.6% | 24.8% | 15.3% | 17.2% | 19.6% | 9.9% | 9.8% | 11.6% | 10.2% | 13.1% |
| Shares Outstanding | — | $167M | $170M | $149M | $117M | $69M | $54M | $42M | $32M | $31M | $27M |
Peer Comparison
Compare RC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 RCYou | $289M | -1.2 | 47.7 | — | 87.7% | 24.2% | -12.8% | 1.2% | 47.4 |
 ACRE | $256M | -281.7 | 18.2 | 13.0 | 57.4% | 72.4% | -0.2% | 2.9% | 14.9 |
 BXMT | $3B | 28.3 | 16.2 | 11.1 | 76.9% | 71.6% | 3.0% | 4.3% | 14.0 |
 TRTX | $665M | 15.1 | 15.1 | 7.4 | 79.3% | 73.0% | 5.5% | 4.7% | 12.9 |
 GPMT | $63M | -1.1 | 20.6 | 23.7 | 83.0% | 43.6% | -7.0% | 2.6% | 20.6 |
 KREF | $454M | -6.7 | 18.5 | 6.8 | 88.3% | 59.3% | -3.6% | 3.4% | 17.1 |
 BRSP | $722M | -21.3 | 18.7 | 9.9 | 49.6% | 39.5% | -3.2% | 3.0% | 14.8 |
 LADR | $1B | 20.0 | 17.2 | 14.9 | 71.8% | 62.0% | 4.3% | 4.4% | 12.7 |
 ARI | $1B | 13.4 | 19.4 | 34.0 | 80.1% | 65.4% | 6.8% | 4.0% | 16.7 |
 FBRT | $649M | 13.2 | 48.5 | 2.2 | — | — | 5.4% | 1.2% | 43.6 |
 SACH | $45M | 23.7 | 11.0 | 17.8 | 97.8% | 58.8% | 3.5% | 4.8% | 9.8 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 14 years · Updated daily
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RC — Frequently Asked Questions
Quick answers to the most common questions about buying RC stock.
What is Ready Capital Corporation's P/E ratio?
Ready Capital Corporation's current P/E ratio is -1.2x. The historical average is 16.6x.
What is Ready Capital Corporation's EV/EBITDA?
Ready Capital Corporation's current EV/EBITDA is 47.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 27.6x.
What is Ready Capital Corporation's ROE?
Ready Capital Corporation's return on equity (ROE) is -12.8%. The historical average is 7.7%.
Is RC stock overvalued?
Based on historical data, Ready Capital Corporation is trading at a P/E of -1.2x. Compare with industry peers and growth rates for a complete picture.
What is Ready Capital Corporation's dividend yield?
Ready Capital Corporation's current dividend yield is 38.71%.
What are Ready Capital Corporation's profit margins?
Ready Capital Corporation has 87.7% gross margin and 24.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Ready Capital Corporation have?
Ready Capital Corporation's Debt/EBITDA ratio is 47.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.