AMTM
Amentum Holdings, Inc.
AMTM has lower modeled downside risk, despite its lower overall score.
RKLB
Rocket Lab USA, Inc.
RKLB has the edge over AMTM overall, supported by stronger fundamentals and stronger modeled upside.
AMTM Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Under pressure |
AMTM's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is under pressure.
RKLB Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Weak | |
| Unavailable |
RKLB's revenue is currently strong, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
AMTM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 8.6x | $22.15 | — |
| Cheap | 26x | $21.30 | -3.8% |
| Current | 27x | $22.15 | — |
| Fair | 39x | $32.14 | +45% |
| Expensive | 108x | $89.29 | +303% |
Historical ranges are pointers, not guarantees.
AMTM's PE is in its cheap range at 27x. If earnings grow as analysts expect, today's price would be 8.6x next year's earnings.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
AMTM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect AMTM's earnings to grow and its profitability to improve, with its revenue holding steady.
RKLB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
RKLB has the edge over AMTM on the outlook, with more favorable revenue expectations.
AMTM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.58 | +211% |
| Q2 2026 | $0.83 | +$3.68 |
| Q1 2026 | $0.60 | +$3.66 |
| Q4 2025 | $0.40 | +$2.76 |
| Q3 2025 | $0.27 | +$1.96 |
| Q2 2025 | -$2.85 | -271% |
| Q1 2025 | -$3.06 | -280% |
| Q4 2024 | -$2.36 | -298% |
| Q3 2024 | -$1.69 | -349% |
AMTM has the edge over RKLB on earnings quality, reporting a profit while its opponent remains loss making.
RKLB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.36 | +$0.03 |
| Q2 2026 | -$0.27 | +$0.19 |
| Q1 2026 | -$0.32 | +$0.09 |
| Q4 2025 | -$0.37 | +$0.01 |
| Q3 2025 | -$0.39 | -$0.02 |
| Q2 2025 | -$0.46 | -$0.11 |
| Q1 2025 | -$0.41 | -$0.04 |
| Q4 2024 | -$0.38 | $0.00 |
RKLB is still losing money, but less than at its worst: $0.36 per share over the past year, against $0.46 at its worst in mid-2025.
AMTM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $3.5B | -2% |
| Q1 2026 | $3.5B | -0.4% |
| Q4 2025 | $3.2B | -5.2% |
| Q3 2025 | $3.9B | -7.5% |
| Q2 2025 | $3.6B | +66% |
| Q1 2025 | $3.5B | +145% |
| Q4 2024 | $3.4B | +151% |
| Q3 2024 | $4.2B | +189% |
AMTM's revenue fell from its 2024 peak and has held roughly level since: $3.5B last quarter, down 2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 4.9% | +2 points |
| Q1 2026 | 4.3% | +1.2 points |
| Q4 2025 | 4.3% | +0.4 points |
| Q3 2025 | 3.4% | +2.8 points |
| Q2 2025 | 2.9% | -1.3 points |
| Q1 2025 | 3.1% | -3.2 points |
| Q4 2024 | 3.9% | -2.6 points |
| Q3 2024 | 0.6% | -6 points |
AMTM has the edge over RKLB on profitability, with a higher operating margin.
RKLB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $267.8M | +73% |
| Q2 2026 | $234.1M | +62% |
| Q1 2026 | $200.3M | +63% |
| Q4 2025 | $179.7M | +36% |
| Q3 2025 | $155.1M | +48% |
| Q2 2025 | $144.5M | +36% |
| Q1 2025 | $122.6M | +32% |
| Q4 2024 | $132.4M | +121% |
RKLB has the edge over AMTM on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -30% | +8.5 points |
| Q2 2026 | -25% | +17 points |
| Q1 2026 | -28% | +20 points |
| Q4 2025 | -28% | +11 points |
| Q3 2025 | -38% | +12 points |
| Q2 2025 | -41% | -0.5 points |
| Q1 2025 | -48% | -1.9 points |
| Q4 2024 | -39% | +41 points |
RKLB's operating margin was −30% last quarter, up 8.5 points from the same quarter a year ago.
AMTM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $135M | +35% |
| Q1 2026 | $220M | +315% |
| Q4 2025 | -$142M | -239% |
| Q3 2025 | $261M | +$378.2M |
| Q2 2025 | $100M | -58% |
| Q1 2025 | $53M | +2550% |
| Q4 2024 | $102M | +$187M |
| Q3 2024 | -$117.2M | -218% |
AMTM has the edge over RKLB on cash generation, producing positive trailing cash flow while its opponent burns cash.
RKLB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$23.9M | +$45.5M |
| Q2 2026 | -$110.1M | -$54.8M |
| Q1 2026 | -$77.4M | +$5.5M |
| Q4 2025 | -$114.2M | -$90.2M |
| Q3 2025 | -$69.4M | -$27.5M |
| Q2 2025 | -$55.3M | -$26.9M |
| Q1 2025 | -$82.9M | -$61.1M |
| Q4 2024 | -$23.9M | +$28.7M |
RKLB has burned cash in almost every quarter: −$326M over the past year, against −$232M the year before.
AMTM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +0.8% | +2M shares |
| 3 years | +0.7% | +1.7M shares |
AMTM has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
RKLB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.6% | +22.6M shares |
| 1 year | +23% | +124M shares |
| 3 years | +35% | +168M shares |
| 5 years | +46% | +204M shares |
RKLB has 652M diluted shares, up 23% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
AMTM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 3.3x | Elevated |
| Q1 2026 | 3.5x | Elevated |
| Q4 2025 | 3.8x | Elevated |
| Q3 2025 | 3.5x | Elevated |
| Q2 2025 | 4.4x | High |
| Q1 2025 | 5.4x | High |
| Q4 2024 | 6.6x | High |
| Q3 2024 | 9.4x | High |
AMTM's net debt is about 3.3 years of its operating earnings (EBITDA), down from 4.4 years a year ago.
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
AMTM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.2 | Neutral |
| Stochastic | 54.9 | Neutral |
AMTM's weekly RSI is 51 (neutral) and its Stochastic is 55 (neutral).
RKLB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.8 | Neutral |
| Stochastic | 27.6 | Neutral |
RKLB's weekly RSI is 47 (neutral) and its Stochastic is 28 (neutral).
AMTM PE vs Industrials Sector
| Metric | AMTM | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 24x | 11% above |
| PE % | 26 | 32 | 6 pts below |
AMTM is trading at 27x earnings, a 11% premium to the Industrials sector's median of 24x.
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
AMTM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $20.4 | 8.6% above |
| 20 week MA | $20.9 | 6% above |
| 50 week MA | $25.2 | 12% below |
| 100 week MA | $23.7 | 6.5% below |
RKLB has stronger trend alignment. AMTM is above 2 of 4 weekly averages versus RKLB above 3 of 5.
RKLB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $61.4 | 4.3% above |
| 20 week MA | $68.1 | 5.9% below |
| 50 week MA | $77.6 | 17% below |
| 100 week MA | $56.5 | 13% above |
| 200 week MA | $31.4 | 104% above |
RKLB's trend is mixed: it's above three of its five weekly moving averages, and 104% above its 200-week average.
AMTM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $25.7 | $20.5 | -20% |
| 2025 | $20.5 | $29.7 | +45% |
| 2026 YTD | $29.7 | $22.2 | -25% |
AMTM has finished lower in one of the last two years. It's down 25% so far in 2026.
RKLB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.82 | $10.3 | +4.9% |
| 2021 | $10.3 | $12.0 | +17% |
| 2022 | $12.0 | $3.77 | -69% |
| 2023 | $3.77 | $5.53 | +47% |
| 2024 | $5.53 | $27.2 | +392% |
| 2025 | $27.2 | $70.7 | +160% |
| 2026 YTD | $70.7 | $64.1 | -9.3% |
RKLB has the edge over AMTM on returns for 2026, with the stronger performance.