EME
EMCOR Group, Inc.
EME has the edge over RKLB overall, supported by lower modeled downside and stronger modeled upside.
RKLB
Rocket Lab USA, Inc.
RKLB's outlook is improving, though it still trails on the overall score.
EME Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Strong |
EME'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.
EME PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $569 | -14% |
| Forward | 17x | $663 | — |
| Current | 19x | $663 | — |
| Fair | 21x | $726 | +9.5% |
| Expensive | 27x | $940 | +42% |
Historical ranges are pointers, not guarantees.
EME's PE is in its cheap range at 19x. If earnings grow as analysts expect, today's price would be 17x next year's earnings.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
EME Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for EME, 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.
EME Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $39.43 | +14% |
| Q3 2026 | $34.58 | +39% |
| Q2 2026 | $32.11 | +33% |
| Q1 2026 | $29.77 | +32% |
| Q4 2025 | $28.19 | +31% |
| Q3 2025 | $24.85 | +26% |
| Q2 2025 | $24.08 | +38% |
| Q1 2025 | $22.61 | +49% |
| Q4 2024 | $21.52 | +62% |
EME 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.
EME Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $5.5B | +29% |
| Q2 2026 | $5.2B | +20% |
| Q1 2026 | $4.6B | +20% |
| Q4 2025 | $4.5B | +20% |
| Q3 2025 | $4.3B | +16% |
| Q2 2025 | $4.3B | +17% |
| Q1 2025 | $3.9B | +13% |
| Q4 2024 | $3.8B | +9.6% |
EME's revenue has grown year over year for 23 quarters in a row: $5.5B last quarter, up 29% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.8% | +0.4 points |
| Q2 2026 | 11% | +1 points |
| Q1 2026 | 8.7% | +0.5 points |
| Q4 2025 | 13% | +2.4 points |
| Q3 2025 | 9.4% | -0.4 points |
| Q2 2025 | 9.7% | +0.6 points |
| Q1 2025 | 8.2% | +0.7 points |
| Q4 2024 | 10% | +1.9 points |
EME 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 EME on sales, with stronger typical year-over-year growth.
| 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.
EME Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $759.6M | +69% |
| Q2 2026 | $258.2M | +56% |
| Q1 2026 | -$28.2M | -134% |
| Q4 2025 | $492.5M | +9% |
| Q3 2025 | $448.8M | -12% |
| Q2 2025 | $165.6M | -36% |
| Q1 2025 | $82.3M | -26% |
| Q4 2024 | $451.8M | +12% |
EME 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.
EME Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.7% | -307K shares |
| 1 year | -1.6% | -723K shares |
| 3 years | -6.7% | -3.2M shares |
| 5 years | -18% | -9.7M shares |
| Available history | -22% | -12.3M shares |
EME has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $188M |
| Q2 2026 | $181.4M |
| Q1 2026 | $87.1M |
| Q4 2025 | $154.1M |
| Q3 2025 | — |
| Q2 2025 | $207.3M |
| Q1 2025 | $224.8M |
| Q4 2024 | $84.4M |
EME spent $611M buying back its own shares over the past year, up 18% 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 | — |
EME Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.3x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.5x | Net Cash |
| Q4 2025 | -0.6x | Net Cash |
| Q3 2025 | -0.4x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.2x | Net Cash |
| Q4 2024 | -0.9x | Net Cash |
EME has more cash than debt.
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
EME Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.4 | Neutral |
| Stochastic | 20.0 | Oversold |
EME's weekly RSI is 41 (neutral) and its Stochastic is 20 (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).
EME PE vs Industrials Sector
| Metric | EME | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 24x | 20% below |
| PE % | 31 | 58 | 27 pts below |
EME is trading at 19x earnings, a 20% 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.
EME Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $707.3 | 6.3% below |
| 20 week MA | $747.8 | 11% below |
| 50 week MA | $754.8 | 12% below |
| 100 week MA | $639.0 | 3.7% above |
| 200 week MA | $458.9 | 44% above |
EME has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 44% 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 EME on trend strength, trading above more of its moving averages.
EME Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $87.1 | $92.2 | +5.9% |
| 2021 | $92.2 | $125.6 | +36% |
| 2022 | $125.6 | $149.9 | +19% |
| 2023 | $149.9 | $215.4 | +44% |
| 2024 | $215.4 | $459.4 | +113% |
| 2025 | $459.4 | $627.1 | +37% |
| 2026 YTD | $627.1 | $662.8 | +5.7% |
EME 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.