CTOS
Custom Truck One Source, Inc.
CTOS has lower modeled downside risk, despite its lower overall score.
RKLB
Rocket Lab USA, Inc.
RKLB has a slight edge over CTOS overall, supported by stronger valuation and stronger fundamentals.
CTOS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Stable | |
| Under pressure |
CTOS's profitability is currently healthy, and its revenue and cash flow are stable, but its balance sheet 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.
CTOS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 24x | $3.42 | -67% |
| Fair | 39x | $5.42 | -48% |
| Forward | 41x | $10.34 | — |
| Current | 74x | $10.34 | — |
| Expensive | 202x | $28.34 | +174% |
Historical ranges are pointers, not guarantees.
CTOS's PE is in its expensive range at 74x. If earnings grow as analysts expect, today's price would be 41x next year's earnings, in its fair range.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
CTOS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for CTOS, 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.
CTOS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.25 | +80% |
| Q3 2026 | $0.14 | +$0.27 |
| Q2 2026 | $0.10 | +$0.27 |
| Q1 2026 | -$0.08 | +$0.06 |
| Q4 2025 | -$0.14 | -$0.02 |
| Q3 2025 | -$0.13 | +$0.04 |
| Q2 2025 | -$0.17 | -$0.11 |
| Q1 2025 | -$0.14 | -256% |
| Q4 2024 | -$0.12 | -157% |
CTOS 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.
CTOS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $495.2M | +2.7% |
| Q2 2026 | $563.4M | +10% |
| Q1 2026 | $461.6M | +9.3% |
| Q4 2025 | $528.2M | +1.4% |
| Q3 2025 | $482.1M | +7.8% |
| Q2 2025 | $511.5M | +21% |
| Q1 2025 | $422.2M | +2.7% |
| Q4 2024 | $520.7M | -0.2% |
CTOS's revenue has grown year over year for seven quarters in a row: $495M last quarter, up 2.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 7.7% | +0.9 points |
| Q2 2026 | 8.3% | +2.8 points |
| Q1 2026 | 6.8% | +3.9 points |
| Q4 2025 | 9.8% | -3.1 points |
| Q3 2025 | 6.8% | +1.6 points |
| Q2 2025 | 5.5% | +1.3 points |
| Q1 2025 | 2.9% | -1.5 points |
| Q4 2024 | 13% | +2.7 points |
CTOS 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 CTOS 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.
CTOS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $163.5M | +101% |
| Q2 2026 | $44.4M | -65% |
| Q1 2026 | $23.8M | -57% |
| Q4 2025 | $47.3M | -42% |
| Q3 2025 | $81.5M | +393% |
| Q2 2025 | $125.7M | +233% |
| Q1 2025 | $55.6M | +$70M |
| Q4 2024 | $82.1M | +$110.2M |
CTOS 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.
CTOS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +221K shares |
| 1 year | +1.5% | +3.3M shares |
| 3 years | -6.8% | -16.7M shares |
| 5 years | -5.9% | -14.4M shares |
| Available history | +369% | +181M shares |
CTOS 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 | $32.6M |
| Q4 2024 | — |
CTOS 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 | — |
CTOS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.7x | Elevated |
| Q2 2026 | 3.8x | Elevated |
| Q1 2026 | 3.9x | Elevated |
| Q4 2025 | 4.2x | High |
| Q3 2025 | 4.1x | High |
| Q2 2025 | 4.2x | High |
| Q1 2025 | 4.4x | High |
| Q4 2024 | 4.2x | High |
CTOS's net debt is about 3.7 years of its operating earnings (EBITDA), down from 4.1 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.
CTOS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.3 | Neutral |
| Stochastic | 56.6 | Neutral |
CTOS's weekly RSI is 56 (neutral) and its Stochastic is 57 (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).
CTOS PE vs Industrials Sector
| Metric | CTOS | Sector median | Relative |
|---|---|---|---|
| PE | 74x | 24x | 207% above |
| PE % | 70 | 58 | 12 pts above |
CTOS is trading at 74x earnings, a 207% 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.
CTOS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.61 | 7.6% above |
| 20 week MA | $9.82 | 5.3% above |
| 50 week MA | $8.55 | 21% above |
| 100 week MA | $6.86 | 51% above |
| 200 week MA | $6.29 | 64% above |
CTOS 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.
CTOS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $4.05 | $7.24 | +79% |
| 2021 | $7.24 | $8.04 | +11% |
| 2022 | $8.04 | $6.14 | -24% |
| 2023 | $6.14 | $6.18 | +0.7% |
| 2024 | $6.18 | $4.72 | -24% |
| 2025 | $4.72 | $5.97 | +26% |
| 2026 YTD | $5.97 | $10.3 | +73% |
CTOS 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.