EXPD
Expeditors International of Washington, Inc.
EXPD has the edge over RKLB overall, supported by lower modeled downside and stronger modeled upside.
RKLB
Rocket Lab USA, Inc.
RKLB offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
EXPD Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Stable | |
| Strong |
EXPD's revenue, profitability and balance sheet are currently healthy, and its cash flow 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.
EXPD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 14x | $110 | -44% |
| Fair | 22x | $171 | -13% |
| Forward | 22x | $196 | — |
| Current | 25x | $196 | — |
| Expensive | 26x | $202 | +3.2% |
Historical ranges are pointers, not guarantees.
EXPD's PE is in its expensive range at 25x. If earnings grow as analysts expect, today's price would be 22x 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.
EXPD Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for EXPD, 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.
EXPD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.75 | +11% |
| Q3 2026 | $7.89 | +29% |
| Q2 2026 | $6.88 | +12% |
| Q1 2026 | $6.19 | +2.8% |
| Q4 2025 | $5.95 | +4% |
| Q3 2025 | $6.13 | +19% |
| Q2 2025 | $6.12 | +31% |
| Q1 2025 | $6.02 | +27% |
| Q4 2024 | $5.72 | +14% |
EXPD 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.
EXPD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.1B | +42% |
| Q2 2026 | $3.5B | +32% |
| Q1 2026 | $2.8B | +4.4% |
| Q4 2025 | $2.9B | -3.3% |
| Q3 2025 | $2.9B | -3.5% |
| Q2 2025 | $2.7B | +8.7% |
| Q1 2025 | $2.7B | +21% |
| Q4 2024 | $3B | +30% |
EXPD's revenue is recovering but still below its 2021 peak: $4.1B last quarter, up 42% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | +0.9 points |
| Q2 2026 | 10% | +0.6 points |
| Q1 2026 | 11% | +0.6 points |
| Q4 2025 | 8.8% | -1.4 points |
| Q3 2025 | 10% | -0.1 points |
| Q2 2025 | 9.3% | +0.2 points |
| Q1 2025 | 10% | +0.2 points |
| Q4 2024 | 10% | +1.4 points |
EXPD 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 EXPD 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.
EXPD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $194.3M | +2.1% |
| Q2 2026 | $166.6M | +2% |
| Q1 2026 | $296.6M | -10% |
| Q4 2025 | $270.3M | +13% |
| Q3 2025 | $190.3M | +145% |
| Q2 2025 | $163.3M | +37% |
| Q1 2025 | $329.5M | +34% |
| Q4 2024 | $239.7M | +62% |
EXPD 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.
EXPD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -1.3M shares |
| 1 year | -3.8% | -5.2M shares |
| 3 years | -12% | -17.9M shares |
| 5 years | -24% | -41.4M shares |
| Available history | -25% | -44.1M shares |
EXPD has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $197.3M |
| Q2 2026 | $354.9M |
| Q1 2026 | $287.6M |
| Q4 2025 | $46.5M |
| Q3 2025 | $212.3M |
| Q2 2025 | $231.1M |
| Q1 2025 | $177.4M |
| Q4 2024 | $252.2M |
EXPD spent $886M buying back its own shares over the past year, up 1.5% 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 | — |
EXPD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.8x | Net Cash |
| Q2 2026 | -0.8x | Net Cash |
| Q1 2026 | -1.2x | Net Cash |
| Q4 2025 | -1.2x | Net Cash |
| Q3 2025 | -1.0x | Net Cash |
| Q2 2025 | -1.0x | Net Cash |
| Q1 2025 | -1.1x | Net Cash |
| Q4 2024 | -1.0x | Net Cash |
EXPD 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.
EXPD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.6 | Neutral |
| Stochastic | 66.5 | Neutral |
EXPD's weekly RSI is 62 (neutral) and its Stochastic is 66 (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).
EXPD PE vs Industrials Sector
| Metric | EXPD | Sector median | Relative |
|---|---|---|---|
| PE | 25x | 24x | 3% above |
| PE % | 74 | 58 | 16 pts above |
EXPD is trading at 25x 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.
EXPD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $193.1 | 1.4% above |
| 20 week MA | $186.3 | 5% above |
| 50 week MA | $166.5 | 18% above |
| 100 week MA | $142.0 | 38% above |
| 200 week MA | $130.2 | 50% above |
EXPD 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.
EXPD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $77.5 | $94.6 | +22% |
| 2021 | $94.6 | $130.8 | +38% |
| 2022 | $130.8 | $107.3 | -18% |
| 2023 | $107.3 | $127.2 | +19% |
| 2024 | $127.2 | $111.4 | -12% |
| 2025 | $111.4 | $152.2 | +37% |
| 2026 YTD | $152.2 | $195.7 | +29% |
EXPD 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.