CPA
Copa Holdings, S.A.
CPA has lower modeled downside risk, despite its lower overall score.
RKLB
Rocket Lab USA, Inc.
RKLB has a slight edge over CPA overall, supported by stronger modeled upside and stronger fundamentals.
CPA Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Strong |
CPA's revenue, profitability, cash flow and balance sheet are all currently healthy.
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.
CPA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.6x | $100 | -30% |
| Forward | 8.2x | $143 | — |
| Fair | 8.5x | $130 | -9.1% |
| Current | 9.4x | $143 | — |
| Expensive | 11x | $171 | +20% |
Historical ranges are pointers, not guarantees.
CPA's PE is in its fair range at 9.4x. If earnings grow as analysts expect, today's price would be 8.2x next year's earnings.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
CPA Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for CPA, with profitability improving. However, they disagree widely on these estimates.
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.
CPA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $17.32 | +14% |
| Q2 2026 | $15.22 | -1% |
| Q1 2026 | $17.16 | +17% |
| Q4 2025 | $16.28 | +12% |
| Q3 2025 | $16.09 | +4.9% |
| Q2 2025 | $15.38 | -7.1% |
| Q1 2025 | $14.65 | +3.8% |
| Q4 2024 | $14.56 | +12% |
| Q3 2024 | $15.34 | +47% |
CPA 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.
CPA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.1B | +26% |
| Q1 2026 | $1.1B | +17% |
| Q4 2025 | $962.9M | +9.6% |
| Q3 2025 | $913.1M | +6.8% |
| Q2 2025 | $842.6M | +2.8% |
| Q1 2025 | $899.2M | +0.6% |
| Q4 2024 | $878.6M | -3.7% |
| Q3 2024 | $854.7M | -1.5% |
CPA's revenue has grown year over year for six quarters in a row: $1.1B last quarter, up 26% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 8.7% | -12 points |
| Q1 2026 | 25% | +0.8 points |
| Q4 2025 | 22% | -0.7 points |
| Q3 2025 | 23% | +2.9 points |
| Q2 2025 | 21% | +1.5 points |
| Q1 2025 | 24% | -0.4 points |
| Q4 2024 | 23% | -0.3 points |
| Q3 2024 | 20% | -3.3 points |
CPA 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 CPA 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.
CPA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$49.5M | +$62.2M |
| Q1 2026 | -$54.4M | -126% |
| Q4 2025 | $352.5M | +$641.2M |
| Q3 2025 | -$78M | -141% |
| Q2 2025 | -$111.7M | -141% |
| Q1 2025 | $205.5M | +2.2% |
| Q4 2024 | -$288.7M | +$231.3M |
| Q3 2024 | $188.6M | -45% |
CPA 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.
CPA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.7% | -278K shares |
| 1 year | -0.8% | -341K shares |
| 3 years | +1.8% | +704K shares |
| 5 years | -4.1% | -1.7M shares |
| Available history | -3.7% | -1.6M shares |
CPA has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | $45M |
| Q4 2025 | $1,000 |
| Q3 2025 | — |
| Q2 2025 | $8.7M |
| Q1 2025 | — |
| Q4 2024 | $87.3M |
| Q3 2024 | — |
CPA spent $45M buying back its own shares over the past year, down 53% 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 | — |
CPA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.2x | Very low |
| Q1 2026 | 1.6x | Healthy |
| Q4 2025 | 1.8x | Healthy |
| Q3 2025 | 1.6x | Healthy |
| Q2 2025 | 1.6x | Healthy |
| Q1 2025 | 1.6x | Healthy |
| Q4 2024 | 1.3x | Healthy |
| Q3 2024 | 1.4x | Healthy |
CPA's net debt is less than a year of its operating earnings (EBITDA), down from 1.6 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.
CPA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.9 | Neutral |
| Stochastic | 49.0 | Neutral |
CPA's weekly RSI is 58 (neutral) and its Stochastic is 49 (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).
CPA PE vs Industrials Sector
| Metric | CPA | Sector median | Relative |
|---|---|---|---|
| PE | 9.4x | 24x | 61% below |
| PE % | 62 | 58 | 4 pts above |
CPA is trading at 9.4x earnings, a 61% 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.
CPA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $134.9 | 5.9% above |
| 20 week MA | $136.5 | 4.6% above |
| 50 week MA | $132.3 | 7.9% above |
| 100 week MA | $118.8 | 20% above |
| 200 week MA | $107.8 | 33% above |
CPA 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.
CPA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $107.5 | $74.9 | -30% |
| 2021 | $74.9 | $82.4 | +10% |
| 2022 | $82.4 | $84.6 | +2.6% |
| 2023 | $84.6 | $106.3 | +26% |
| 2024 | $106.3 | $87.6 | -18% |
| 2025 | $87.6 | $121.5 | +39% |
| 2026 YTD | $121.5 | $142.8 | +18% |
CPA 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.