EAF
GrafTech International Ltd.
EAF offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
RKLB
Rocket Lab USA, Inc.
RKLB has the edge over EAF overall, supported by stronger fundamentals and lower modeled downside.
EAF Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Weak | |
| Weak |
EAF's revenue is currently stable, but its profitability, cash flow and balance sheet are weak.
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.
EAF PE Valuation
EAF has no meaningful PE right now: it lost money over the past year.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
EAF Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect EAF's losses to shrink, with revenue growing. 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.
EAF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$7.41 | +$0.49 |
| Q2 2026 | -$6.75 | +$1.45 |
| Q1 2026 | -$8.61 | -$3.21 |
| Q4 2025 | -$8.45 | -$3.35 |
| Q3 2025 | -$7.90 | +$3.70 |
| Q2 2025 | -$8.20 | +$2.90 |
| Q1 2025 | -$5.40 | +$5.40 |
| Q4 2024 | -$5.10 | +$4.80 |
EAF has the edge over RKLB on earnings, with more consistent year-over-year improvement.
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.
EAF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $140.2M | -2.7% |
| Q2 2026 | $127.4M | -3.4% |
| Q1 2026 | $125.1M | +12% |
| Q4 2025 | $116.5M | -13% |
| Q3 2025 | $144M | +10% |
| Q2 2025 | $131.8M | -4% |
| Q1 2025 | $111.8M | -18% |
| Q4 2024 | $134.2M | -2.1% |
EAF's revenue fell from its 2019 peak and has held roughly level since: $140M last quarter, down 2.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -16% | -13 points |
| Q2 2026 | -11% | -0.4 points |
| Q1 2026 | -25% | -8.2 points |
| Q4 2025 | -34% | -15 points |
| Q3 2025 | -3.5% | +17 points |
| Q2 2025 | -11% | -9.1 points |
| Q1 2025 | -16% | -0.6 points |
| Q4 2024 | -19% | +133 points |
EAF 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 EAF 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.
EAF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$16.3M | -189% |
| Q2 2026 | -$75.5M | -$18.3M |
| Q1 2026 | -$27.1M | +$15.4M |
| Q4 2025 | -$39.3M | -$56K |
| Q3 2025 | $18.4M | -6.6% |
| Q2 2025 | -$57.1M | -$13.3M |
| Q1 2025 | -$42.5M | -$31.4M |
| Q4 2024 | -$39.2M | -1208% |
EAF has burned cash in seven of the last eight quarters: −$158M over the past year, against −$120M the year before.
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 the edge over EAF on cash flow, with more consistent year-over-year improvement.
EAF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1% | +259K shares |
| 1 year | +2.2% | +581K shares |
| 3 years | +3.1% | +805K shares |
| 5 years | -0.8% | -204K shares |
| Available history | -8.3% | -2.4M shares |
EAF has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | $30M |
| Q1 2022 | $30M |
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 | — |
EAF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2023 | 6.6x | High |
| Q2 2023 | 3.3x | Elevated |
| Q1 2023 | 2.1x | Moderate |
| Q4 2022 | 1.5x | Healthy |
| Q3 2022 | 1.3x | Healthy |
| Q2 2022 | 1.3x | Healthy |
| Q1 2022 | 1.5x | Healthy |
| Q4 2021 | 1.7x | Healthy |
EAF's net debt is about 6.6 years of its operating earnings (EBITDA), up from 1.3 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.
EAF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.4 | Neutral |
| Stochastic | 75.0 | Neutral |
EAF's weekly RSI is 56 (neutral) and its Stochastic is 75 (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).
EAF PE vs Industrials Sector
| Metric | EAF | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
EAF 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.
EAF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.73 | 14% above |
| 20 week MA | $8.07 | 37% above |
| 50 week MA | $9.44 | 17% above |
| 100 week MA | $10.8 | 2.5% above |
| 200 week MA | $19.4 | 43% below |
EAF 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.
EAF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $116.7 | $91.0 | -22% |
| 2021 | $91.0 | $116.5 | +28% |
| 2022 | $116.5 | $47.1 | -60% |
| 2023 | $47.1 | $21.9 | -54% |
| 2024 | $21.9 | $16.7 | -24% |
| 2025 | $16.7 | $16.3 | -2.7% |
| 2026 YTD | $16.3 | $11.1 | -32% |
EAF has finished four years in a row lower, and it's down 32% so far in 2026.
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 has the edge over EAF on returns for 2026, with the stronger performance.