ELVA
Electrovaya Inc.
ELVA has the edge over RKLB overall, supported by stronger valuation and lower modeled downside.
RKLB
Rocket Lab USA, Inc.
RKLB offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
ELVA Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Weak | |
| Under pressure |
ELVA's revenue and profitability are currently healthy, but its cash flow 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.
ELVA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $4.75 | — |
| Current | 49x | $4.75 | — |
| Cheap | 58x | $5.81 | +22% |
| Fair | 88x | $8.77 | +85% |
| Expensive | 196x | $19.62 | +313% |
Historical ranges are pointers, not guarantees.
ELVA's PE is in its cheap range at 49x. If earnings grow as analysts expect, today's price would be 25x next year's earnings.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
ELVA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for ELVA, with profitability improving.
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.
ELVA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.19 | +93% |
| Q2 2026 | $0.10 | +233% |
| Q1 2026 | $0.11 | +$0.11 |
| Q4 2025 | $0.11 | +$0.16 |
| Q3 2025 | $0.08 | +$0.12 |
| Q2 2025 | $0.03 | 0% |
| Q1 2025 | -$0.00 | -100% |
| Q4 2024 | -$0.05 | -267% |
| Q3 2024 | -$0.04 | +$0.04 |
ELVA 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.
ELVA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $17.3M | +0.8% |
| Q1 2026 | $17.8M | +19% |
| Q4 2025 | $15.6M | +39% |
| Q3 2025 | $20.3M | +75% |
| Q2 2025 | $17.1M | +67% |
| Q1 2025 | $15M | +40% |
| Q4 2024 | $11.2M | -7.6% |
| Q3 2024 | $11.6M | -33% |
ELVA's revenue has grown year over year for six quarters in a row: $17M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 8.6% | -2.8 points |
| Q1 2026 | 8.5% | -0.8 points |
| Q4 2025 | 8.8% | +11 points |
| Q3 2025 | 12% | +5.6 points |
| Q2 2025 | 11% | +17 points |
| Q1 2025 | 9.3% | +2.7 points |
| Q4 2024 | -1.7% | -0.9 points |
| Q3 2024 | 6.1% | -20 points |
ELVA 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 ELVA 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.
ELVA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$14.2M | -$10.2M |
| Q1 2026 | -$22.1M | -$16.8M |
| Q4 2025 | -$14.2M | -$13.9M |
| Q3 2025 | $6.4M | +2053% |
| Q2 2025 | -$4.1M | -$3.9M |
| Q1 2025 | -$5.4M | -$4.1M |
| Q4 2024 | -$287K | -167% |
| Q3 2024 | $298K | -91% |
ELVA has burned cash in most quarters: −$44M over the past year, against −$9M 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 ELVA on cash flow, with more consistent year-over-year improvement.
ELVA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.6% | +838K shares |
| 1 year | +16% | +7.1M shares |
| 3 years | +59% | +19.5M shares |
| 5 years | +84% | +24M shares |
| Available history | +141% | +30.7M shares |
ELVA has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
ELVA 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 | — |
ELVA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 3.9x | Elevated |
| Q1 2026 | 2.0x | Moderate |
| Q4 2025 | 0.9x | Very low |
| Q3 2025 | 3.0x | Moderate |
| Q2 2025 | 3.7x | Elevated |
| Q1 2025 | 3.5x | Elevated |
| Q4 2024 | 3.2x | Elevated |
| Q3 2024 | 6.4x | High |
ELVA's net debt is about 3.9 years of its operating earnings (EBITDA), up from 3.7 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.
ELVA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.5 | Neutral |
| Stochastic | 7.2 | Oversold |
ELVA's weekly RSI is 34 (neutral) and its Stochastic is 7 (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).
ELVA PE vs Industrials Sector
| Metric | ELVA | Sector median | Relative |
|---|---|---|---|
| PE | 49x | 24x | 105% above |
| PE % | 6 | 58 | 52 pts below |
ELVA is trading at 49x earnings, a 105% 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.
ELVA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.49 | 13% below |
| 20 week MA | $6.96 | 32% below |
| 50 week MA | $8.09 | 41% below |
| 100 week MA | $5.96 | 20% below |
| 200 week MA | $4.60 | 3.3% above |
ELVA has fallen below most of its moving averages, though it's still 3.3% 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 has the edge over ELVA on trend strength, trading above more of its moving averages.
ELVA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $0.65 | $6.30 | +869% |
| 2021 | $6.30 | $3.75 | -40% |
| 2022 | $3.75 | $4.00 | +6.7% |
| 2023 | $4.00 | $3.06 | -24% |
| 2024 | $3.06 | $2.45 | -20% |
| 2025 | $2.45 | $7.98 | +226% |
| 2026 YTD | $7.98 | $4.75 | -40% |
ELVA's yearly returns have swung widely, from +869% in 2020 to −40% in 2021. It's down 40% 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 ELVA on returns for 2026, with the stronger performance.