AVY
Avery Dennison Corporation
AVY has the 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.
AVY Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Stable |
AVY's profitability and cash flow are currently healthy, and its revenue and balance sheet are 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.
AVY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 17x | $187 | — |
| Cheap | 19x | $174 | -6.8% |
| Current | 20x | $187 | — |
| Fair | 21x | $198 | +5.7% |
| Expensive | 29x | $272 | +45% |
Historical ranges are pointers, not guarantees.
AVY's PE is in its fair range at 20x. If earnings grow as analysts expect, today's price would be 17x next year's earnings, in its cheap range.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
AVY Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect AVY'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 AVY on the outlook, with more favorable revenue expectations.
AVY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.75 | +16% |
| Q3 2026 | $9.25 | +5.1% |
| Q2 2026 | $9.14 | +2.5% |
| Q1 2026 | $8.88 | +2.2% |
| Q4 2025 | $8.79 | +0.7% |
| Q3 2025 | $8.80 | +5.8% |
| Q2 2025 | $8.92 | +15% |
| Q1 2025 | $8.69 | +27% |
| Q4 2024 | $8.73 | +41% |
AVY 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.
AVY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.3B | +5.2% |
| Q2 2026 | $2.5B | +11% |
| Q1 2026 | $2.3B | +7% |
| Q4 2025 | $2.3B | +3.9% |
| Q3 2025 | $2.2B | +1.5% |
| Q2 2025 | $2.2B | -0.7% |
| Q1 2025 | $2.1B | -0.1% |
| Q4 2024 | $2.2B | +3.6% |
AVY's revenue has grown year over year for five quarters in a row: $2.3B last quarter, up 5.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 10% | -0.3 points |
| Q2 2026 | 11% | 0 points |
| Q1 2026 | 10% | -0.1 points |
| Q4 2025 | 9.2% | -1.9 points |
| Q3 2025 | 11% | -0.4 points |
| Q2 2025 | 12% | +0.8 points |
| Q1 2025 | 11% | -0.3 points |
| Q4 2024 | 11% | +1.5 points |
AVY 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 AVY 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.
AVY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $251.2M | -9.1% |
| Q2 2026 | $369M | +106% |
| Q1 2026 | $108.2M | +$160.5M |
| Q4 2025 | $309.7M | +9.9% |
| Q3 2025 | $276.2M | +22% |
| Q2 2025 | $178.8M | +19% |
| Q1 2025 | -$52.3M | -174% |
| Q4 2024 | $281.7M | +28% |
AVY 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.
AVY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.7% | -500K shares |
| 1 year | -2.7% | -2.1M shares |
| 3 years | -6.3% | -5.1M shares |
| 5 years | -9.3% | -7.8M shares |
| Available history | -11% | -9.1M shares |
AVY has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $59M |
| Q2 2026 | $137.6M |
| Q1 2026 | $60.6M |
| Q4 2025 | $118.7M |
| Q3 2025 | $93.6M |
| Q2 2025 | $98.4M |
| Q1 2025 | $261.6M |
| Q4 2024 | $140M |
AVY spent $376M buying back its own shares over the past year, down 37% 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 | — |
AVY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.5x | Moderate |
| Q2 2026 | 2.6x | Moderate |
| Q1 2026 | 2.8x | Moderate |
| Q4 2025 | 2.8x | Moderate |
| Q3 2025 | 2.6x | Moderate |
| Q2 2025 | 2.6x | Moderate |
| Q1 2025 | 2.6x | Moderate |
| Q4 2024 | 2.3x | Moderate |
AVY's net debt is about 2.5 years of its operating earnings (EBITDA), about the same as 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.
AVY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.9 | Neutral |
| Stochastic | 74.9 | Neutral |
AVY's weekly RSI is 64 (neutral) and its Stochastic is 75 (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).
AVY PE vs Industrials Sector
| Metric | AVY | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 24x | 16% below |
| PE % | 38 | 58 | 20 pts below |
AVY is trading at 20x earnings, a 16% 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.
AVY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $177.6 | 5.2% above |
| 20 week MA | $173.5 | 7.8% above |
| 50 week MA | $174.2 | 7.3% above |
| 100 week MA | $175.1 | 6.8% above |
| 200 week MA | $185.9 | 0.5% above |
AVY 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.
AVY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $131.6 | $153.4 | +17% |
| 2021 | $153.4 | $208.5 | +36% |
| 2022 | $208.5 | $181.1 | -13% |
| 2023 | $181.1 | $202.2 | +12% |
| 2024 | $202.2 | $188.5 | -6.8% |
| 2025 | $188.5 | $182.5 | -3.2% |
| 2026 YTD | $182.5 | $187.0 | +2.4% |
AVY 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.