AZZ
AZZ Inc.
AZZ has the edge over RKLB overall, supported by lower modeled downside.
RKLB
Rocket Lab USA, Inc.
RKLB offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
AZZ Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Healthy |
AZZ's revenue, profitability and balance sheet are currently healthy, and its cash flow 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.
AZZ PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $69.52 | -48% |
| Forward | 18x | $134 | — |
| Fair | 22x | $122 | -9.2% |
| Current | 24x | $134 | — |
| Expensive | 61x | $339 | +153% |
Historical ranges are pointers, not guarantees.
AZZ's PE is in its fair range at 24x. If earnings grow as analysts expect, today's price would be 18x next year's earnings.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
AZZ Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for AZZ, with profitability improving.
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.
AZZ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.42 | +34% |
| Q3 2026 | $5.55 | -48% |
| Q2 2026 | $6.56 | -26% |
| Q1 2026 | $10.50 | +487% |
| Q4 2025 | $10.84 | +618% |
| Q3 2025 | $10.60 | +709% |
| Q2 2025 | $8.83 | +703% |
| Q1 2025 | $1.79 | -48% |
| Q4 2022 | -$1.06 | -134% |
AZZ 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.
AZZ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $486.9M | +17% |
| Q2 2026 | $448.5M | +6.3% |
| Q1 2026 | $385.1M | +9.4% |
| Q4 2025 | $425.7M | +5.5% |
| Q3 2025 | $417.3M | +2% |
| Q2 2025 | $422M | +2.1% |
| Q1 2025 | $351.9M | -77% |
| Q4 2024 | $403.7M | +5.8% |
AZZ's revenue is recovering but still below its 2024 peak: $487M last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 17% | +0.8 points |
| Q2 2026 | 17% | +0.7 points |
| Q1 2026 | 15% | +3.3 points |
| Q4 2025 | 16% | +1.8 points |
| Q3 2025 | 16% | -0.1 points |
| Q2 2025 | 16% | -0.4 points |
| Q1 2025 | 11% | -2.9 points |
| Q4 2024 | 15% | +0.7 points |
AZZ 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 AZZ 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.
AZZ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $84.4M | +116% |
| Q2 2026 | $18.4M | -94% |
| Q1 2026 | $50.5M | +47% |
| Q4 2025 | $61.2M | +54% |
| Q3 2025 | $39.1M | +154% |
| Q2 2025 | $293.9M | +560% |
| Q1 2025 | $34.4M | -2.7% |
| Q4 2024 | $39.7M | +3.4% |
AZZ 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.
AZZ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -36K shares |
| 1 year | -0.4% | -121K shares |
| 3 years | +3.1% | +913K shares |
| 5 years | +20% | +5M shares |
| Available history | +15% | +3.9M shares |
AZZ has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2026 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | $1.9M |
| Q4 2021 | $7.6M |
| Q3 2021 | $15M |
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 | — |
AZZ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.2x | Healthy |
| Q2 2026 | 1.3x | Healthy |
| Q1 2026 | 1.3x | Healthy |
| Q4 2025 | 1.6x | Healthy |
| Q3 2025 | 1.8x | Healthy |
| Q2 2025 | 1.8x | Healthy |
| Q1 2025 | 2.7x | Moderate |
| Q4 2024 | 1.8x | Healthy |
AZZ's net debt is about 1.2 years of its operating earnings (EBITDA), down from 1.8 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.
AZZ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.0 | Neutral |
| Stochastic | 23.3 | Neutral |
AZZ's weekly RSI is 48 (neutral) and its Stochastic is 23 (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).
AZZ PE vs Industrials Sector
| Metric | AZZ | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 24x | 0.5% above |
| PE % | 58 | 58 | Same percentile |
AZZ is trading at 24x earnings, in line with 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.
AZZ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $133.7 | 0.4% above |
| 20 week MA | $140.0 | 4.1% below |
| 50 week MA | $134.3 | 0.1% below |
| 100 week MA | $115.4 | 16% above |
| 200 week MA | $88.0 | 53% above |
AZZ's trend is mixed: it's above three of its five weekly moving averages, and 53% above 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.
AZZ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $46.3 | $47.4 | +2.6% |
| 2021 | $47.4 | $54.3 | +14% |
| 2022 | $54.3 | $38.9 | -28% |
| 2023 | $38.9 | $58.1 | +49% |
| 2024 | $58.1 | $82.1 | +41% |
| 2025 | $82.1 | $110.5 | +35% |
| 2026 YTD | $110.5 | $134.2 | +21% |
AZZ 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.