APT
Alpha Pro Tech, Ltd.
APT has the edge over RKLB overall, supported by lower modeled downside and stronger fundamentals.
RKLB
Rocket Lab USA, Inc.
RKLB offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
APT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Strong |
APT's revenue, profitability, cash flow and balance sheet are all currently healthy.
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.
APT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 4.7x | $6.25 | — |
| Cheap | 8.4x | $4.18 | -33% |
| Current | 13x | $6.25 | — |
| Fair | 15x | $7.26 | +16% |
| Expensive | 17x | $8.65 | +38% |
Historical ranges are pointers, not guarantees.
APT's PE is in its cheap range at 13x. If earnings grow as analysts expect, today's price would be 4.7x next year's earnings.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
APT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for APT, with profitability holding steady.
RKLB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
RKLB has the edge over APT on the outlook, with more favorable profitability expectations.
APT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.32 | +164% |
| Q3 2026 | $0.50 | +47% |
| Q2 2026 | $0.40 | +21% |
| Q1 2026 | $0.34 | -5.6% |
| Q4 2025 | $0.33 | -5.7% |
| Q3 2025 | $0.34 | -5.6% |
| Q2 2025 | $0.33 | -18% |
| Q1 2025 | $0.36 | +2.9% |
| Q4 2024 | $0.35 | 0% |
APT 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.
APT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $16.6M | +12% |
| Q2 2026 | $18.7M | +12% |
| Q1 2026 | $14.6M | +5.5% |
| Q4 2025 | $13.9M | +0.3% |
| Q3 2025 | $14.8M | +3.7% |
| Q2 2025 | $16.7M | +2.4% |
| Q1 2025 | $13.8M | +2.5% |
| Q4 2024 | $13.8M | -9.5% |
APT's revenue is recovering but still below its 2020 peak: $17M last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 12% | +4.4 points |
| Q2 2026 | 11% | +2.8 points |
| Q1 2026 | 4% | +0.7 points |
| Q4 2025 | 6.9% | +2 points |
| Q3 2025 | 7.4% | +2.3 points |
| Q2 2025 | 8% | -2.5 points |
| Q1 2025 | 3.3% | +0.9 points |
| Q4 2024 | 4.9% | -1.5 points |
APT 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 APT 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.
APT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $7M | +84% |
| Q2 2026 | $2.1M | +6.2% |
| Q1 2026 | -$105K | +$4M |
| Q4 2025 | $51K | -95% |
| Q3 2025 | $3.8M | +20% |
| Q2 2025 | $2M | +$3M |
| Q1 2025 | -$4.1M | -$2.8M |
| Q4 2024 | $970K | -70% |
APT 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.
APT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +24.1K shares |
| 1 year | -1.1% | -113K shares |
| 3 years | -12% | -1.4M shares |
| 5 years | -23% | -3M shares |
| Available history | -21% | -2.8M shares |
APT has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $384,000 |
| Q2 2026 | $99,000 |
| Q1 2026 | — |
| Q4 2025 | $713,000 |
| Q3 2025 | $624,000 |
| Q2 2025 | $830,000 |
| Q1 2025 | $1.2M |
| Q4 2024 | $721,000 |
APT spent $1M buying back its own shares over the past year, down 64% 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 | — |
APT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -3.9x | Net Cash |
| Q2 2026 | -3.4x | Net Cash |
| Q1 2026 | -3.5x | Net Cash |
| Q4 2025 | -3.6x | Net Cash |
| Q3 2025 | -4.0x | Net Cash |
| Q2 2025 | -3.6x | Net Cash |
| Q1 2025 | -3.0x | Net Cash |
| Q4 2024 | -4.3x | Net Cash |
APT has more cash than debt.
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
APT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.8 | Neutral |
| Stochastic | 56.0 | Neutral |
APT's weekly RSI is 64 (neutral) and its Stochastic is 56 (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).
APT PE vs Industrials Sector
| Metric | APT | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 24x | 48% below |
| PE % | 23 | 58 | 35 pts below |
APT is trading at 13x earnings, a 48% 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.
APT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.53 | 13% above |
| 20 week MA | $5.34 | 17% above |
| 50 week MA | $5.12 | 22% above |
| 100 week MA | $4.99 | 25% above |
| 200 week MA | $4.95 | 26% above |
APT has the edge over RKLB on trend strength, trading above more of its moving averages.
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.
APT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $3.51 | $12.3 | +249% |
| 2021 | $12.3 | $5.84 | -52% |
| 2022 | $5.84 | $4.01 | -31% |
| 2023 | $4.01 | $5.29 | +32% |
| 2024 | $5.29 | $5.25 | -0.8% |
| 2025 | $5.25 | $4.50 | -14% |
| 2026 YTD | $4.50 | $6.25 | +39% |
APT 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.