FER
Ferrovial N.V.
There isn't enough reported data to score FER yet.
RKLB
Rocket Lab USA, Inc.
RKLB lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink, though they disagree widely on how much.
FER Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Stable | |
| Healthy | |
| Weak |
FER's cash flow is currently healthy, and its profitability is stable, but its balance sheet is weak. There isn't enough data to rate its revenue.
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.
FER PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $14.13 | -77% |
| Fair | 31x | $43.44 | -29% |
| Current | 44x | $61.16 | — |
| Expensive | 74x | $102 | +67% |
Historical ranges are pointers, not guarantees.
FER's PE is 44x, but its earnings don't support one, so it isn't a reliable read right now.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
FER Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect FER to return to profit, with revenue growing.
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.
FER Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2025 | $1.38 | -72% |
| Q3 2021 | -$0.10 | +$0.02 |
| Q1 2019 | -$0.38 | -223% |
| Q4 2018 | -$0.48 | -173% |
| Q3 2018 | $0.31 | -46% |
FER has the stronger earnings trend. Trailing diluted EPS is up 1,280% for FER versus RKLB down 192%.
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.
FER Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $10.7B | +5.2% |
| Q4 2024 | $10.2B | +100% |
| Q4 2023 | $5.1B | +14% |
| Q3 2023 | $2.5B | +14% |
| Q2 2023 | $4.4B | +11% |
| Q1 2023 | $2.2B | +11% |
| Q4 2022 | $4.5B | +104% |
| Q3 2022 | $2.2B | +9% |
FER has the stronger quarterly revenue trend. Revenue is up 144% for FER versus up 73% for RKLB.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2025 | 11% | +6.1 points |
| Q4 2024 | 34% | +29 points |
| Q4 2023 | 8.5% | +2.1 points |
| Q3 2023 | 9.3% | +3 points |
| Q2 2023 | 5% | +0.3 points |
| Q1 2023 | 5.1% | +0.3 points |
| Q4 2022 | 6.4% | +2.2 points |
| Q3 2022 | 6.3% | +15 points |
FER's operating margin was 11% last quarter, up 6.1 points from the same quarter a year ago.
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's revenue has grown year over year every quarter since late 2021: $268M last quarter, up 73% from the same quarter a year ago.
| 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.
FER Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2023 | $421M | +189% |
| Q3 2023 | $424.4M | +192% |
| Q2 2023 | $52.2M | +$188.3M |
| Q1 2023 | $52.2M | +$188.3M |
| Q4 2022 | $145.5M | +$145.5M |
| Q3 2022 | $145.5M | +$145.5M |
| Q2 2022 | -$136.1M | -$136.1M |
| Q1 2022 | -$136.1M | -$136.1M |
FER has the stronger cash trend. Its trailing FCF is up 2,646% versus its history, compared with RKLB at down 85%.
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.
FER Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -5.5M shares |
| 1 year | -5.4% | -41.3M shares |
| 3 years | -1.8% | -12.8M shares |
| 5 years | -1.2% | -8.4M shares |
FER has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | $12.2M |
| Q4 2024 | $29.7M |
| Q4 2023 | $34.4M |
| Q3 2023 | $34.4M |
| Q2 2023 | $28.9M |
| Q1 2023 | $28.9M |
| Q4 2022 | $110M |
| Q3 2022 | $110M |
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 | — |
FER Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | 4.0x | Elevated |
| Q4 2024 | 1.8x | Healthy |
| Q4 2023 | 5.0x | High |
| Q3 2023 | 5.6x | High |
| Q2 2023 | 6.7x | High |
| Q1 2023 | 0.0x | Very low |
| Q4 2022 | 6.1x | High |
| Q3 2022 | 3.5x | Elevated |
FER's net debt is about 4.0 years of its operating earnings (EBITDA), down from 6.7 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.
FER Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.0 | Neutral |
| Stochastic | 55.2 | Neutral |
FER's weekly RSI is 53 (neutral) and its Stochastic is 55 (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).
FER PE vs Industrials Sector
| Metric | FER | Sector median | Relative |
|---|---|---|---|
| PE | 44x | 24x | 84% above |
| PE % | 65 | 58 | 7 pts above |
FER is trading at 44x earnings, a 84% premium to the Industrials sector's median of 24x, though its earnings don't support one.
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
FER Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $54.2 | 13% above |
| 20 week MA | $59.0 | 3.7% above |
| 50 week MA | $64.3 | 4.9% below |
| 100 week MA | $57.8 | 5.8% above |
| 200 week MA | $46.6 | 31% above |
FER 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.
FER Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $29.8 | $27.4 | -8.1% |
| 2021 | $27.4 | $27.5 | +0.4% |
| 2022 | $27.5 | $25.2 | -8.4% |
| 2023 | $25.2 | $35.4 | +41% |
| 2024 | $35.4 | $42.4 | +20% |
| 2025 | $42.4 | $65.2 | +54% |
| 2026 YTD | $65.2 | $61.2 | -6.2% |
FER 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.