BAH
Booz Allen Hamilton Holding Corporation
BAH has the edge over RKLB overall, supported by stronger valuation and lower modeled downside.
RKLB
Rocket Lab USA, Inc.
RKLB offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
BAH Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Under pressure |
BAH's profitability and cash flow are currently healthy, and its revenue is stable, 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.
BAH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 13x | $86.44 | — |
| Cheap | 14x | $87.45 | +1.2% |
| Forward | 14x | $86.44 | — |
| Fair | 23x | $146 | +69% |
| Expensive | 34x | $218 | +152% |
Historical ranges are pointers, not guarantees.
BAH's PE is in its cheap range at 13x. On analysts' estimates for next year's earnings, today's price would be 14x.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
BAH Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect BAH's earnings to grow, with its revenue and profitability holding steady.
RKLB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
RKLB has the edge over BAH on the outlook, with more favorable revenue and profitability expectations.
BAH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.39 | -0.9% |
| Q3 2026 | $6.45 | -1.5% |
| Q2 2026 | $6.37 | -22% |
| Q1 2026 | $6.90 | -4.8% |
| Q4 2025 | $6.73 | +0.4% |
| Q3 2025 | $6.55 | +3% |
| Q2 2025 | $8.14 | +75% |
| Q1 2025 | $7.25 | +58% |
| Q4 2024 | $6.70 | +115% |
BAH 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.
BAH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.8B | -3.9% |
| Q2 2026 | $2.8B | -4.2% |
| Q1 2026 | $2.8B | -6.4% |
| Q4 2025 | $2.6B | -10% |
| Q3 2025 | $2.9B | -8.1% |
| Q2 2025 | $2.9B | -0.6% |
| Q1 2025 | $3B | +7.3% |
| Q4 2024 | $2.9B | +14% |
BAH's revenue is shrinking: $2.8B last quarter, down 3.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.8% | -1 points |
| Q2 2026 | 10% | +1.2 points |
| Q1 2026 | 9.4% | +0.2 points |
| Q4 2025 | 8.8% | -1.2 points |
| Q3 2025 | 9.8% | -7.7 points |
| Q2 2025 | 8.8% | +0.1 points |
| Q1 2025 | 9.2% | -0.3 points |
| Q4 2024 | 10% | +0.3 points |
BAH 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 BAH 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.
BAH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $263M | -33% |
| Q2 2026 | $261M | +172% |
| Q1 2026 | $212M | +9% |
| Q4 2025 | $248M | +86% |
| Q3 2025 | $395M | -30% |
| Q2 2025 | $96M | +388% |
| Q1 2025 | $194.4M | +52% |
| Q4 2024 | $133.6M | -37% |
BAH 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.
BAH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -594K shares |
| 1 year | -2.7% | -3.3M shares |
| 3 years | -8.8% | -11.5M shares |
| 5 years | -11% | -14.3M shares |
| Available history | -15% | -20.6M shares |
BAH has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $98M |
| Q2 2026 | $72M |
| Q1 2026 | $77M |
| Q4 2025 | $126M |
| Q3 2025 | $214M |
| Q2 2025 | $181M |
| Q1 2025 | $314.9M |
| Q4 2024 | $148.5M |
BAH spent $373M buying back its own shares over the past year, down 57% 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 | — |
BAH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.4x | Elevated |
| Q2 2026 | 2.8x | Moderate |
| Q1 2026 | 2.7x | Moderate |
| Q4 2025 | 2.5x | Moderate |
| Q3 2025 | 2.5x | Moderate |
| Q2 2025 | 2.1x | Moderate |
| Q1 2025 | 2.0x | Moderate |
| Q4 2024 | 1.9x | Healthy |
BAH's net debt is about 3.4 years of its operating earnings (EBITDA), up from 2.5 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.
BAH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.5 | Neutral |
| Stochastic | 83.1 | Overbought |
BAH's weekly RSI is 60 (neutral) and its Stochastic is 83 (overbought).
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).
BAH PE vs Industrials Sector
| Metric | BAH | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 24x | 44% below |
| PE % | 15 | 58 | 43 pts below |
BAH is trading at 13x earnings, a 44% 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.
BAH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $78.4 | 10% above |
| 20 week MA | $74.6 | 16% above |
| 50 week MA | $79.0 | 9.5% above |
| 100 week MA | $94.3 | 8.3% below |
| 200 week MA | $112.1 | 23% below |
BAH has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 23% 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.
BAH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $70.9 | $87.4 | +23% |
| 2021 | $87.4 | $83.0 | -5% |
| 2022 | $83.0 | $104.5 | +26% |
| 2023 | $104.5 | $127.9 | +22% |
| 2024 | $127.9 | $129.7 | +1.4% |
| 2025 | $129.7 | $85.4 | -34% |
| 2026 YTD | $85.4 | $86.4 | +1.2% |
BAH 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.