BWXT
BWX Technologies, Inc.
BWXT has the edge over RKLB overall, supported by lower modeled downside and stronger modeled upside.
RKLB
Rocket Lab USA, Inc.
RKLB's outlook is improving, though it still trails on the overall score.
BWXT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Stable |
BWXT's revenue and profitability are currently healthy, and its cash flow 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.
BWXT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 18x | $73.64 | -41% |
| Forward | 25x | $124 | — |
| Fair | 28x | $115 | -7.4% |
| Current | 30x | $124 | — |
| Expensive | 44x | $178 | +44% |
Historical ranges are pointers, not guarantees.
BWXT's PE is in its fair range at 30x. If earnings grow as analysts expect, today's price would be 25x next year's earnings.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
BWXT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for BWXT, 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.
BWXT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.01 | +23% |
| Q3 2026 | $4.08 | +23% |
| Q2 2026 | $3.86 | +21% |
| Q1 2026 | $3.74 | +19% |
| Q4 2025 | $3.57 | +16% |
| Q3 2025 | $3.33 | +10% |
| Q2 2025 | $3.20 | +9.6% |
| Q1 2025 | $3.14 | +13% |
| Q4 2024 | $3.07 | +14% |
BWXT 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.
BWXT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $953M | +10% |
| Q2 2026 | $901.6M | +18% |
| Q1 2026 | $860.2M | +26% |
| Q4 2025 | $885.8M | +19% |
| Q3 2025 | $866.3M | +29% |
| Q2 2025 | $764M | +12% |
| Q1 2025 | $682.3M | +13% |
| Q4 2024 | $746.3M | +2.9% |
BWXT's revenue has grown year over year for 20 quarters in a row: $953M last quarter, up 10% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | +0.8 points |
| Q2 2026 | 13% | -0.8 points |
| Q1 2026 | 12% | -1.8 points |
| Q4 2025 | 10% | -2 points |
| Q3 2025 | 13% | -1.3 points |
| Q2 2025 | 13% | -1.1 points |
| Q1 2025 | 14% | -1.2 points |
| Q4 2024 | 12% | -4.6 points |
BWXT 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 BWXT on sales, with stronger typical year-over-year growth.
| 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.
BWXT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $150.5M | +59% |
| Q2 2026 | $115M | -9% |
| Q1 2026 | $50.1M | +190% |
| Q4 2025 | $56.8M | -75% |
| Q3 2025 | $94.9M | +$102.6M |
| Q2 2025 | $126.3M | +256% |
| Q1 2025 | $17.3M | +564% |
| Q4 2024 | $224.4M | +31% |
BWXT 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.
BWXT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -15.5K shares |
| 1 year | +0.2% | +204K shares |
| 3 years | +0.1% | +96.3K shares |
| 5 years | -2.6% | -2.5M shares |
| Available history | -4% | -3.8M shares |
BWXT has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $30M |
| Q4 2024 | — |
BWXT hasn't bought back shares in the past year.
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 | — |
BWXT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.6x | Moderate |
| Q2 2026 | 2.6x | Moderate |
| Q1 2026 | 2.9x | Moderate |
| Q4 2025 | 3.0x | Moderate |
| Q3 2025 | 2.8x | Moderate |
| Q2 2025 | 3.1x | Elevated |
| Q1 2025 | 2.4x | Moderate |
| Q4 2024 | 2.1x | Moderate |
BWXT's net debt is about 2.6 years of its operating earnings (EBITDA), down from 2.8 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.
BWXT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 31.5 | Neutral |
| Stochastic | 14.0 | Oversold |
BWXT's weekly RSI is 32 (neutral) and its Stochastic is 14 (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).
BWXT PE vs Industrials Sector
| Metric | BWXT | Sector median | Relative |
|---|---|---|---|
| PE | 30x | 24x | 26% above |
| PE % | 54 | 58 | 4 pts below |
BWXT is trading at 30x earnings, a 26% premium 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.
BWXT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $132.0 | 6% below |
| 20 week MA | $152.8 | 19% below |
| 50 week MA | $181.8 | 32% below |
| 100 week MA | $160.6 | 23% below |
| 200 week MA | $122.8 | 0.9% above |
BWXT has fallen below most of its moving averages, though it's still 0.9% 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 has the edge over BWXT on trend strength, trading above more of its moving averages.
BWXT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $62.8 | $60.1 | -4.2% |
| 2021 | $60.1 | $47.9 | -20% |
| 2022 | $47.9 | $58.2 | +22% |
| 2023 | $58.2 | $76.7 | +32% |
| 2024 | $76.7 | $112.5 | +47% |
| 2025 | $112.5 | $175.9 | +56% |
| 2026 YTD | $175.9 | $124.0 | -30% |
BWXT has finished higher in four of the last six years. It's down 30% 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 BWXT on returns for 2026, with the stronger performance.