ATS
ATS Corporation
ATS has lower modeled downside risk, despite its lower overall score.
RKLB
Rocket Lab USA, Inc.
RKLB has the edge over ATS overall, supported by stronger modeled upside.
ATS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Under pressure |
ATS's revenue, profitability and cash flow are currently healthy, 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.
ATS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 26x | $8.68 | -49% |
| Fair | 36x | $12.33 | -28% |
| Current | 51x | $17.18 | — |
| Expensive | 54x | $18.33 | +6.7% |
Historical ranges are pointers, not guarantees.
ATS's PE is 51x, but its earnings don't support one, so it isn't a reliable read right now.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
ATS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Decline | |
| Stable | |
| Weakening | |
| Limited | |
| Low |
Analysts expect ATS's earnings and profitability to decline, with its revenue holding steady. However, they disagree widely on these estimates.
RKLB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
RKLB has the edge over ATS on the outlook, with more favorable earnings and revenue expectations.
ATS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.34 | +$0.62 |
| Q1 2026 | $0.51 | +$0.72 |
| Q4 2025 | $0.13 | -80% |
| Q3 2025 | -$0.04 | -104% |
| Q2 2025 | -$0.28 | -122% |
| Q1 2025 | -$0.21 | -115% |
| Q4 2024 | $0.64 | -50% |
| Q3 2024 | $0.92 | -21% |
ATS 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.
ATS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $487.7M | -5.8% |
| Q1 2026 | $525.2M | +30% |
| Q4 2025 | $534.3M | +17% |
| Q3 2025 | $512.1M | +19% |
| Q2 2025 | $517.9M | +6.1% |
| Q1 2025 | $403.7M | -27% |
| Q4 2024 | $458.4M | -13% |
| Q3 2024 | $430.8M | -17% |
ATS's revenue is growing: $488M last quarter, down 5.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 4.3% | -3.5 points |
| Q1 2026 | 3.1% | +23 points |
| Q4 2025 | 8.3% | +3.2 points |
| Q3 2025 | 10% | +6.7 points |
| Q2 2025 | 7.8% | -1.9 points |
| Q1 2025 | -20% | -29 points |
| Q4 2024 | 5.1% | -5.4 points |
| Q3 2024 | 3.6% | -7.7 points |
ATS 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 ATS 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.
ATS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $98M | 0% |
| Q1 2026 | $87.2M | +1088% |
| Q4 2025 | $76.2M | +116% |
| Q3 2025 | $14.3M | +$57.7M |
| Q2 2025 | $98M | +$134.1M |
| Q1 2025 | $7.3M | 0% |
| Q4 2024 | $35.3M | 0% |
| Q3 2024 | -$43.4M | $0 |
ATS 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.
ATS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.5% | +1.4M shares |
| 1 year | +0.1% | +144K shares |
| 3 years | +3.5% | +3.4M shares |
| 5 years | +6.5% | +6M shares |
| Available history | +6.5% | +6M shares |
ATS has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $7M |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | $6.8M |
| Q2 2025 | $7M |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | $10.3M |
ATS spent $14M buying back its own shares over the past year, down 21% 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 | — |
ATS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 3.5x | Elevated |
| Q1 2026 | 3.1x | Elevated |
| Q4 2025 | 5.6x | High |
| Q3 2025 | 7.0x | High |
| Q2 2025 | 8.4x | High |
| Q1 2025 | 8.8x | High |
| Q4 2024 | 4.2x | High |
| Q3 2024 | 3.8x | Elevated |
ATS's net debt is about 3.5 years of its operating earnings (EBITDA), down from 8.4 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.
ATS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.7 | Neutral |
| Stochastic | 5.5 | Oversold |
ATS's weekly RSI is 31 (neutral) and its Stochastic is 5 (oversold).
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).
ATS PE vs Industrials Sector
| Metric | ATS | Sector median | Relative |
|---|---|---|---|
| PE | 51x | 24x | 113% above |
| PE % | 78 | 58 | 20 pts above |
ATS is trading at 51x earnings, a 113% premium to the Industrials sector's median of 24x, though its earnings don't support one.
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
ATS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $18.1 | 5% below |
| 20 week MA | $21.0 | 18% below |
| 50 week MA | $26.4 | 35% below |
| 100 week MA | $27.1 | 37% below |
| 200 week MA | $32.1 | 47% below |
ATS is in a downtrend: it's below all five of its weekly moving averages, and 47% 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 ATS on trend strength, trading above more of its moving averages.
ATS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $16.6 | $17.8 | +7% |
| 2021 | $17.8 | $39.4 | +122% |
| 2022 | $39.4 | $32.8 | -17% |
| 2023 | $32.8 | $43.1 | +31% |
| 2024 | $43.1 | $30.0 | -30% |
| 2025 | $30.0 | $28.4 | -5.3% |
| 2026 YTD | $28.4 | $17.2 | -40% |
ATS has finished lower in three of the last six years. It's down 40% 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 ATS on returns for 2026, with the stronger performance.