AOS
A. O. Smith Corporation
AOS has a slight edge over RKLB overall, supported by lower modeled downside and stronger valuation.
RKLB
Rocket Lab USA, Inc.
RKLB offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
AOS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Healthy |
AOS's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
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.
AOS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 17x | $63.98 | — |
| Cheap | 18x | $63.76 | -0.3% |
| Current | 18x | $63.98 | — |
| Fair | 21x | $75.16 | +17% |
| Expensive | 30x | $107 | +67% |
Historical ranges are pointers, not guarantees.
AOS's PE is in its cheap range at 18x. On analysts' estimates for next year's earnings, today's price would be 17x.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
AOS Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Stable | |
| Decline | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect AOS's profitability to improve, but its revenue to decline.
RKLB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
RKLB has the edge over AOS on the outlook, with more favorable earnings and revenue expectations.
AOS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.73 | +4.1% |
| Q3 2026 | $3.58 | -3.5% |
| Q2 2026 | $3.59 | 0% |
| Q1 2026 | $3.75 | +4.7% |
| Q4 2025 | $3.85 | +6.1% |
| Q3 2025 | $3.71 | -2.1% |
| Q2 2025 | $3.59 | -7.2% |
| Q1 2025 | $3.58 | -7% |
| Q4 2024 | $3.63 | -1.6% |
AOS 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.
AOS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $940.5M | -0.2% |
| Q2 2026 | $1B | -0.7% |
| Q1 2026 | $945.6M | -1.9% |
| Q4 2025 | $912.5M | 0% |
| Q3 2025 | $942.5M | +4.4% |
| Q2 2025 | $1B | -1.3% |
| Q1 2025 | $963.9M | -1.5% |
| Q4 2024 | $912.4M | -7.7% |
AOS's revenue grew through 2021 and has held roughly level since: $941M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | -0.1 points |
| Q2 2026 | 17% | -3.9 points |
| Q1 2026 | 17% | -2 points |
| Q4 2025 | 18% | +0.8 points |
| Q3 2025 | 19% | -0.9 points |
| Q2 2025 | 20% | -1.5 points |
| Q1 2025 | 19% | -2.9 points |
| Q4 2024 | 17% | -2.6 points |
AOS 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 AOS 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.
AOS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $162.9M | -32% |
| Q2 2026 | $114.4M | -6.6% |
| Q1 2026 | $118.9M | +583% |
| Q4 2025 | $165.5M | -13% |
| Q3 2025 | $240.6M | +47% |
| Q2 2025 | $122.5M | +255% |
| Q1 2025 | $17.4M | -79% |
| Q4 2024 | $191.3M | -5% |
AOS 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.
AOS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.3% | -1.8M shares |
| 1 year | -3.4% | -4.8M shares |
| 3 years | -10% | -15.1M shares |
| 5 years | -15% | -24.5M shares |
| Available history | -18% | -30.6M shares |
AOS has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $98.2M |
| Q2 2026 | $111.1M |
| Q1 2026 | $51.3M |
| Q4 2025 | $65.4M |
| Q3 2025 | $84.1M |
| Q2 2025 | $130.7M |
| Q1 2025 | $120.6M |
| Q4 2024 | $68.7M |
AOS spent $326M buying back its own shares over the past year, down 19% from the year before.
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 | — |
AOS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.5x | Very low |
| Q4 2025 | -0.0x | Net Cash |
| Q3 2025 | 0.0x | Very low |
| Q2 2025 | 0.2x | Very low |
| Q1 2025 | 0.1x | Very low |
| Q4 2024 | -0.0x | Net Cash |
AOS's net debt is less than a year of its operating earnings (EBITDA).
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
AOS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.0 | Neutral |
| Stochastic | 75.5 | Neutral |
AOS's weekly RSI is 56 (neutral) and its Stochastic is 76 (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).
AOS PE vs Industrials Sector
| Metric | AOS | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 24x | 26% below |
| PE % | 18 | 58 | 40 pts below |
AOS is trading at 18x earnings, a 26% discount 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.
AOS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $60.5 | 5.7% above |
| 20 week MA | $60.6 | 5.6% above |
| 50 week MA | $64.2 | 0.3% below |
| 100 week MA | $66.1 | 3.2% below |
| 200 week MA | $71.0 | 9.9% below |
AOS has bounced recently, but its long-term trend is still down: it's above its 8- and 20-week averages, but 9.9% below its 200-week average.
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 has the edge over AOS on trend strength, trading above more of its moving averages.
AOS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $47.8 | $55.5 | +16% |
| 2021 | $55.5 | $82.8 | +49% |
| 2022 | $82.8 | $56.9 | -31% |
| 2023 | $56.9 | $82.4 | +45% |
| 2024 | $82.4 | $68.4 | -17% |
| 2025 | $68.4 | $67.8 | -1% |
| 2026 YTD | $67.8 | $64.0 | -5.6% |
AOS has the edge over RKLB on returns for 2026, with the stronger performance.
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's yearly returns have swung widely, from +392% in 2024 to −69% in 2022. It's down 9.3% so far in 2026.