DCI
Donaldson Company, Inc.
DCI has the edge over RKLB overall, supported by lower modeled downside and stronger fundamentals.
RKLB
Rocket Lab USA, Inc.
RKLB offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
DCI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Healthy |
DCI's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
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.
DCI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 21x | $79.58 | -8.5% |
| Fair | 23x | $88.63 | +1.9% |
| Current | 23x | $86.99 | — |
| Expensive | 28x | $107 | +23% |
Historical ranges are pointers, not guarantees.
DCI's PE is in its fair range at 23x.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
DCI Forward outlook
There aren't enough analyst estimates for DCI to show an outlook.
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.
DCI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $3.85 | +26% |
| Q2 2026 | $3.72 | +25% |
| Q1 2026 | $3.20 | -6.4% |
| Q4 2025 | $3.21 | -6.7% |
| Q3 2025 | $3.05 | -9.8% |
| Q2 2025 | $2.98 | -7.5% |
| Q1 2025 | $3.42 | +12% |
| Q4 2024 | $3.44 | +17% |
DCI 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.
DCI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.1B | +8% |
| Q2 2026 | $995.1M | +5.9% |
| Q1 2026 | $896.3M | +3% |
| Q4 2025 | $935.4M | +3.9% |
| Q3 2025 | $980.7M | +4.8% |
| Q2 2025 | $940.1M | +1.3% |
| Q1 2025 | $870M | -0.8% |
| Q4 2024 | $900.1M | +6.4% |
DCI's revenue has grown year over year for six quarters in a row: $1.1B last quarter, up 8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 17% | +1.2 points |
| Q2 2026 | 16% | +6.3 points |
| Q1 2026 | 13% | -1.2 points |
| Q4 2025 | 16% | +1.4 points |
| Q3 2025 | 15% | -0.2 points |
| Q2 2025 | 9.3% | -6.2 points |
| Q1 2025 | 14% | -0.4 points |
| Q4 2024 | 15% | -0.2 points |
DCI 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 DCI 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.
DCI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $185M | +25% |
| Q2 2026 | $112.1M | +54% |
| Q1 2026 | $18M | -75% |
| Q4 2025 | $111.2M | +132% |
| Q3 2025 | $147.5M | +39% |
| Q2 2025 | $73M | -39% |
| Q1 2025 | $71.5M | +8.8% |
| Q4 2024 | $47.9M | -58% |
DCI 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.
DCI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -200K shares |
| 1 year | -2.1% | -2.5M shares |
| 3 years | -4.6% | -5.7M shares |
| 5 years | -8% | -10.3M shares |
| Available history | -8.3% | -10.7M shares |
DCI has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $19.7M |
| Q4 2025 | $91.5M |
| Q3 2025 | $59.3M |
| Q2 2025 | $190.6M |
| Q1 2025 | $7.2M |
| Q4 2024 | $74.4M |
DCI spent $111M buying back its own shares over the past year, down 66% 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 | — |
DCI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.5x | Healthy |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.8x | Very low |
| Q4 2025 | 0.8x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.9x | Very low |
| Q1 2025 | 0.6x | Very low |
| Q4 2024 | 0.7x | Very low |
DCI's net debt is about 1.5 years of its operating earnings (EBITDA), up from less than a year 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.
DCI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.6 | Neutral |
| Stochastic | 13.8 | Oversold |
DCI's weekly RSI is 48 (neutral) and its Stochastic is 14 (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).
DCI PE vs Industrials Sector
| Metric | DCI | Sector median | Relative |
|---|---|---|---|
| PE | 23x | 24x | 6.1% below |
| PE % | 43 | 58 | 15 pts below |
DCI is trading at 23x earnings, in line with 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.
DCI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $86.3 | 0.9% above |
| 20 week MA | $89.6 | 2.9% below |
| 50 week MA | $90.5 | 3.9% below |
| 100 week MA | $81.8 | 6.4% above |
| 200 week MA | $74.5 | 17% above |
DCI's trend is mixed: it's above three of its five weekly moving averages, and 17% 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's trend is mixed: it's above three of its five weekly moving averages, and 104% above its 200-week average.
DCI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $58.0 | $56.6 | -2.5% |
| 2021 | $56.6 | $57.6 | +1.9% |
| 2022 | $57.6 | $59.7 | +3.6% |
| 2023 | $59.7 | $65.4 | +9.5% |
| 2024 | $65.4 | $68.0 | +4.1% |
| 2025 | $68.0 | $91.3 | +34% |
| 2026 YTD | $91.3 | $87.0 | -4.7% |
DCI 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.