CDNL
Cardinal Infrastructure Group Inc. Class A Common Stock
CDNL has the edge over RKLB overall, supported by stronger modeled upside.
RKLB
Rocket Lab USA, Inc.
RKLB has lower modeled downside risk, despite its lower overall score.
CDNL Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Under pressure | |
| Strong |
CDNL's revenue, profitability and balance sheet are currently healthy, but its cash flow 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.
CDNL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 2.4x | $5.64 | — |
| Current | 4.6x | $5.64 | — |
| Cheap | 17x | $20.70 | +267% |
| Fair | 33x | $41.09 | +629% |
| Expensive | 46x | $57.51 | +920% |
Historical ranges are pointers, not guarantees.
CDNL's PE is 4.5x, 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.
CDNL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for CDNL, with profitability holding steady.
RKLB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
RKLB has the edge over CDNL on the outlook, with more favorable profitability expectations.
CDNL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.33 | +88% |
| Q3 2026 | $1.24 | +727% |
| Q2 2026 | $1.19 | +70% |
| Q1 2026 | $1.47 | +123% |
| Q4 2025 | $1.65 | +120% |
CDNL 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.
CDNL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $201.9M | +65% |
| Q2 2026 | $226.9M | +114% |
| Q1 2026 | $167.5M | +105% |
| Q4 2025 | $145.8M | +72% |
| Q3 2025 | $122.3M | +60% |
| Q2 2025 | $106.1M | +38% |
| Q1 2025 | $81.8M | +6.3% |
CDNL has the edge over RKLB on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -4.3% | -14 points |
| Q2 2026 | 6.8% | -4.3 points |
| Q1 2026 | 8.8% | -0.7 points |
| Q4 2025 | 6% | -3.6 points |
| Q3 2025 | 9.7% | +0.8 points |
| Q2 2025 | 11% | -2.5 points |
| Q1 2025 | 9.5% | -4.1 points |
| Q4 2024 | 9.6% | N/A |
CDNL 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's revenue has grown year over year every quarter since late 2021: $268M last quarter, up 73% from the same quarter a year ago.
| 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.
CDNL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $738.6K | -19% |
| Q2 2026 | -$12M | -$4M |
| Q1 2026 | -$961 | -100% |
| Q4 2025 | -$524.2K | -108% |
| Q3 2025 | $909.1K | -95% |
CDNL's free cash flow has turned negative after years in the green: −$12M over the past year.
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 the edge over CDNL on cash flow, with more consistent year-over-year improvement.
CDNL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -52% | -22.5M shares |
| 1 year | +56% | +7.4M shares |
CDNL has 21M diluted shares, up 56% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
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 the edge over CDNL on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
CDNL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.9x | Net Cash |
| Q2 2026 | -1.6x | Net Cash |
| Q1 2026 | 1.9x | Healthy |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.2x | Very low |
| Q2 2025 | 1.3x | Healthy |
| Q1 2025 | 0.0x | Very low |
| Q4 2024 | 0.8x | Very low |
CDNL has more cash than debt.
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
CDNL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 26.5 | Oversold |
| Stochastic | 2.9 | Oversold |
CDNL's weekly RSI is 27 (oversold) and its Stochastic is 3 (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).
CDNL PE vs Industrials Sector
| Metric | CDNL | Sector median | Relative |
|---|---|---|---|
| PE | 4.6x | 24x | 81% below |
| PE % | 0 | 2 | 2 pts below |
CDNL is trading at 4.5x earnings, a 81% discount 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.
CDNL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $18.0 | 69% below |
| 20 week MA | $38.5 | 85% below |
RKLB has stronger trend alignment. CDNL is above 0 of 2 weekly averages versus RKLB above 3 of 5.
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.
CDNL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $29.7 | $23.6 | -20% |
| 2026 YTD | $23.6 | $5.64 | -76% |
CDNL has finished every year since 2025 lower, and it's down 76% 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 CDNL on returns for 2026, with the stronger performance.