ARQ
Arq, Inc.
ARQ has slightly lower modeled downside risk, despite its lower overall score.
RKLB
Rocket Lab USA, Inc.
RKLB has the edge over ARQ overall, supported by stronger fundamentals and stronger modeled upside.
ARQ Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Stable | |
| Stable |
ARQ's revenue, cash flow and balance sheet are currently stable, but its profitability is weak.
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.
ARQ PE Valuation
ARQ has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 1545x next year's earnings.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
ARQ Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect ARQ to return to profit, with revenue growing.
RKLB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect RKLB's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
ARQ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.00 | — |
| Q3 2026 | -$1.18 | -$1.08 |
| Q2 2026 | -$1.26 | -$1.22 |
| Q1 2026 | -$1.29 | -$1.24 |
| Q4 2025 | -$1.27 | -$1.13 |
| Q3 2025 | -$0.10 | -243% |
| Q2 2025 | -$0.04 | $0.00 |
| Q1 2025 | -$0.05 | +$0.14 |
| Q4 2024 | -$0.14 | +$0.28 |
ARQ lost $1.18 per share over the past year, a bigger loss than the year before.
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 has the edge over ARQ on earnings, with more consistent year-over-year improvement.
ARQ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $38.2M | +8.9% |
| Q2 2026 | $29.9M | +4.5% |
| Q1 2026 | $29.1M | +6.6% |
| Q4 2025 | $29.4M | +8.8% |
| Q3 2025 | $35.1M | +0.9% |
| Q2 2025 | $28.6M | +13% |
| Q1 2025 | $27.2M | +25% |
| Q4 2024 | $27M | -3.8% |
ARQ's revenue has grown year over year for seven quarters in a row: $38M last quarter, up 8.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.2% | +11 points |
| Q2 2026 | -0.2% | +5.2 points |
| Q1 2026 | -3.4% | -5.8 points |
| Q4 2025 | -174% | -176 points |
| Q3 2025 | -2.4% | -8.2 points |
| Q2 2025 | -5.4% | +0.1 points |
| Q1 2025 | 2.4% | +16 points |
| Q4 2024 | 1.5% | -9.5 points |
ARQ 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 ARQ 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.
ARQ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $9.6M | +209% |
| Q2 2026 | -$4M | -$2.6M |
| Q1 2026 | -$676K | +$8.8M |
| Q4 2025 | -$3.5M | +$34.2M |
| Q3 2025 | $3.1M | +$8.9M |
| Q2 2025 | -$1.4M | +$20.8M |
| Q1 2025 | -$9.5M | -$443K |
| Q4 2024 | -$37.8M | -$31.7M |
ARQ 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.
ARQ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2% | +847K shares |
| 1 year | +3.2% | +1.3M shares |
| 3 years | +35% | +11.1M shares |
| 5 years | +133% | +24.6M shares |
| Available history | +135% | +24.7M shares |
ARQ has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | $159,000 |
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 | — |
ARQ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | 2.0x | Healthy |
| Q2 2025 | 1.9x | Healthy |
| Q1 2025 | 1.9x | Healthy |
| Q4 2024 | 1.7x | Healthy |
| Q3 2024 | -2.9x | Net Cash |
| Q2 2024 | -1.5x | Net Cash |
| Q1 2024 | -8.9x | Net Cash |
| Q2 2022 | -15.0x | Net Cash |
ARQ's net debt is about 2.0 years of its operating earnings (EBITDA), after holding more cash than debt 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.
ARQ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.3 | Neutral |
| Stochastic | 65.2 | Neutral |
ARQ's weekly RSI is 63 (neutral) and its Stochastic is 65 (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).
ARQ PE vs Industrials Sector
| Metric | ARQ | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
ARQ has no meaningful PE right now: it lost money over the past year.
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
ARQ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.11 | 46% above |
| 20 week MA | $2.15 | 44% above |
| 50 week MA | $2.62 | 18% above |
| 100 week MA | $4.11 | 25% below |
| 200 week MA | $4.05 | 24% below |
ARQ has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 24% 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's trend is mixed: it's above three of its five weekly moving averages, and 104% above its 200-week average.
ARQ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.1 | $5.96 | -41% |
| 2021 | $5.96 | $6.62 | +11% |
| 2022 | $6.62 | $2.28 | -66% |
| 2023 | $2.28 | $2.98 | +31% |
| 2024 | $2.98 | $7.13 | +139% |
| 2025 | $7.13 | $3.41 | -52% |
| 2026 YTD | $3.41 | $3.09 | -9.4% |
ARQ's yearly returns have swung widely, from +139% in 2024 to −66% in 2022. It's down 9.4% 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 ARQ on returns for 2026, with the stronger performance.