CODA
Coda Octopus Group, Inc.
CODA 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.
CODA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Unavailable | |
| Strong |
CODA's profitability and balance sheet are currently strong, and its revenue is stable. There isn't enough data to rate its cash flow.
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.
CODA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $7.02 | -19% |
| Forward | 16x | $8.65 | — |
| Current | 19x | $8.65 | — |
| Fair | 20x | $9.22 | +6.5% |
| Expensive | 29x | $13.13 | +52% |
Historical ranges are pointers, not guarantees.
CODA's PE is in its fair range at 19x. If earnings grow as analysts expect, today's price would be 16x 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.
CODA Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for CODA, 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.
CODA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.54 | +19% |
| Q3 2026 | $0.45 | +55% |
| Q2 2026 | $0.44 | +52% |
| Q1 2026 | $0.37 | +8.8% |
| Q4 2025 | $0.37 | +16% |
| Q3 2025 | $0.29 | +3.6% |
| Q2 2025 | $0.29 | +12% |
| Q1 2025 | $0.34 | +55% |
| Q4 2024 | $0.32 | +14% |
CODA 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.
CODA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $6.9M | -1.6% |
| Q1 2026 | $6.7M | +29% |
| Q4 2025 | $7.3M | +44% |
| Q3 2025 | $7.1M | +29% |
| Q2 2025 | $7M | +32% |
| Q1 2025 | $5.2M | +17% |
| Q4 2024 | $5.1M | +42% |
| Q3 2024 | $5.5M | +12% |
RKLB has the stronger quarterly revenue trend. Revenue is down 1.6% for CODA versus up 73% for RKLB.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 26% | +11 points |
| Q1 2026 | 15% | +2.3 points |
| Q4 2025 | 19% | +14 points |
| Q3 2025 | 20% | -5.9 points |
| Q2 2025 | 16% | -9.9 points |
| Q1 2025 | 13% | +0.3 points |
| Q4 2024 | 5.7% | +15 points |
| Q3 2024 | 25% | +7.8 points |
CODA's operating margin was 26% last quarter, up 10 points from the same quarter a year ago, near the top of its range since 2019.
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.
CODA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.2M | -23% |
| Q2 2026 | $449.1K | -68% |
| Q1 2026 | $1.4M | +172% |
| Q4 2025 | $2.5M | +30% |
| Q3 2025 | $1.6M | +3.1% |
| Q2 2025 | $1.4M | +$2.5M |
| Q1 2025 | $513.4K | +$947K |
| Q4 2024 | $1.9M | +$2.5M |
CODA 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.
CODA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +13.1K shares |
| 1 year | 0% | -5.6K shares |
| 3 years | +0.1% | +14.8K shares |
| 5 years | -0.4% | -43.7K shares |
| Available history | +5.8% | +619K shares |
CODA has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
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 | — |
CODA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -4.8x | Net Cash |
| Q2 2026 | -4.8x | Net Cash |
| Q1 2026 | -5.3x | Net Cash |
| Q4 2025 | -5.3x | Net Cash |
| Q3 2025 | -6.2x | Net Cash |
| Q2 2025 | -5.8x | Net Cash |
| Q1 2025 | -5.1x | Net Cash |
| Q4 2024 | -5.2x | Net Cash |
CODA 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.
CODA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.0 | Neutral |
| Stochastic | 11.4 | Oversold |
CODA's weekly RSI is 37 (neutral) and its Stochastic is 11 (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).
CODA PE vs Industrials Sector
| Metric | CODA | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 24x | 20% below |
| PE % | 42 | 58 | 16 pts below |
CODA is trading at 19x earnings, a 20% 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.
CODA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.66 | 10% below |
| 20 week MA | $9.96 | 13% below |
| 50 week MA | $10.9 | 20% below |
| 100 week MA | $9.32 | 7.2% below |
| 200 week MA | $8.26 | 4.7% above |
CODA has fallen below most of its moving averages, though it's still 4.7% 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 CODA on trend strength, trading above more of its moving averages.
CODA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $8.68 | $5.97 | -31% |
| 2021 | $5.97 | $7.96 | +33% |
| 2022 | $7.96 | $7.09 | -11% |
| 2023 | $7.09 | $6.02 | -15% |
| 2024 | $6.02 | $8.01 | +33% |
| 2025 | $8.01 | $9.36 | +17% |
| 2026 YTD | $9.36 | $8.65 | -7.6% |
CODA 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.