CODI
Compass Diversified
CODI has a slight edge over RKLB overall, supported by lower modeled downside.
RKLB
Rocket Lab USA, Inc.
RKLB offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
CODI Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Stable | |
| Healthy | |
| Weak |
CODI's cash flow is currently healthy, and its profitability is stable, but its revenue and balance sheet are 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.
CODI PE Valuation
CODI has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 21x next year's earnings.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
CODI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Stable | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect CODI to return to profit, with revenue holding steady. However, they disagree widely on these estimates.
RKLB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
RKLB has the edge over CODI on the outlook, with more favorable revenue expectations.
CODI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.57 | — |
| Q2 2026 | -$2.17 | -$0.04 |
| Q1 2026 | -$3.91 | -$2.21 |
| Q4 2023 | $2.31 | +$2.55 |
| Q3 2023 | $0.27 | +1250% |
| Q2 2023 | $0.39 | -68% |
| Q1 2023 | $0.91 | +40% |
CODI lost $2.17 per share over the past year, about the same as its loss the year before.
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 has the edge over CODI on earnings, with more consistent year-over-year improvement.
CODI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $422.9M | -11% |
| Q2 2026 | $424M | -11% |
| Q1 2026 | $426.9M | -5.9% |
| Q4 2025 | $468.6M | -5.1% |
| Q3 2025 | $472.6M | -19% |
| Q2 2025 | $478.7M | -12% |
| Q1 2025 | $453.8M | -13% |
| Q4 2024 | $493.9M | -13% |
CODI's revenue has slid since its 2022 peak: $423M last quarter, down 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 7.5% | +9.9 points |
| Q2 2026 | 6.8% | +13 points |
| Q1 2026 | -0.5% | -1.2 points |
| Q4 2025 | 9.8% | +14 points |
| Q3 2025 | -2.3% | -14 points |
| Q2 2025 | -5.7% | -17 points |
| Q1 2025 | 0.8% | -6.6 points |
| Q4 2024 | -3.8% | -3.1 points |
CODI 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 CODI 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.
CODI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $44.9M | +9240% |
| Q2 2026 | $23.5M | +$69.5M |
| Q1 2026 | $18.8M | +$61.3M |
| Q4 2025 | $36.9M | +$75.8M |
| Q3 2025 | $481K | +$45.3M |
| Q2 2025 | -$46M | +$311K |
| Q1 2025 | -$42.4M | -$21.5M |
| Q4 2024 | -$39M | -533% |
CODI 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.
CODI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | -- |
| 3 years | +4.6% | +3.3M shares |
| 5 years | +16% | +10.3M shares |
| Available history | +26% | +15.3M shares |
CODI has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2024 | $9.6M |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | $2M |
| Q3 2023 | $1.5M |
| Q2 2023 | $1.9M |
| Q1 2023 | $4M |
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 | — |
CODI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.8x | High |
| Q2 2026 | 7.3x | High |
| Q1 2026 | 12.1x | High |
| Q4 2025 | 11.8x | High |
| Q3 2025 | 23.7x | High |
| Q2 2025 | 11.1x | High |
| Q1 2025 | 6.7x | High |
| Q4 2024 | 5.8x | High |
CODI's net debt is about 5.8 years of its operating earnings (EBITDA), down from more than 20 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.
CODI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.2 | Neutral |
| Stochastic | 47.1 | Neutral |
CODI's weekly RSI is 59 (neutral) and its Stochastic is 47 (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).
CODI PE vs Industrials Sector
| Metric | CODI | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
CODI has no meaningful PE right now: it lost money over the past year.
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
CODI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $11.0 | 7.7% above |
| 20 week MA | $11.0 | 7.6% above |
| 50 week MA | $9.24 | 28% above |
| 100 week MA | $10.7 | 10% above |
| 200 week MA | $16.0 | 26% below |
CODI has the edge over RKLB on trend strength, trading above more of its moving averages.
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.
CODI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $24.9 | $19.6 | -21% |
| 2021 | $19.6 | $29.7 | +51% |
| 2022 | $29.7 | $18.0 | -39% |
| 2023 | $18.0 | $22.5 | +25% |
| 2024 | $22.5 | $23.1 | +2.9% |
| 2025 | $23.1 | $4.89 | -79% |
| 2026 YTD | $4.89 | $11.8 | +141% |
CODI 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.