FLR
Fluor Corporation
FLR has the edge over RKLB overall, supported by lower modeled downside.
RKLB
Rocket Lab USA, Inc.
RKLB offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
FLR Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Strong |
FLR's revenue and balance sheet are currently healthy, but its profitability and cash flow 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.
FLR PE Valuation
FLR 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.
FLR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for FLR, 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.
FLR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.38 | — |
| Q3 2026 | -$6.35 | -132% |
| Q2 2026 | -$11.81 | -148% |
| Q1 2026 | $2.19 | -79% |
| Q4 2025 | -$0.31 | -103% |
| Q3 2025 | $19.77 | +1236% |
| Q2 2025 | $24.38 | +951% |
| Q1 2025 | $10.54 | +520% |
| Q4 2024 | $12.30 | +2178% |
FLR has swung to a loss: it lost $6.35 per share over the past year, after a profit the year before.
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.
FLR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.7B | +10% |
| Q2 2026 | $4.3B | +8.8% |
| Q1 2026 | $3.7B | -8% |
| Q4 2025 | $4.2B | -2% |
| Q3 2025 | $3.4B | -18% |
| Q2 2025 | $4B | -5.9% |
| Q1 2025 | $4B | +6.6% |
| Q4 2024 | $4.3B | +12% |
FLR's revenue has held roughly level: $3.7B last quarter, up 10% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6% | +21 points |
| Q2 2026 | 3.1% | +3.8 points |
| Q1 2026 | 2.5% | +0.2 points |
| Q4 2025 | 1.3% | -3.1 points |
| Q3 2025 | -15% | -16 points |
| Q2 2025 | -0.7% | -4.8 points |
| Q1 2025 | 2.3% | +0.9 points |
| Q4 2024 | 4.4% | +5 points |
FLR 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 FLR 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.
FLR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $178M | -35% |
| Q2 2026 | -$324M | -$289M |
| Q1 2026 | $99M | +$396M |
| Q4 2025 | -$378M | -228% |
| Q3 2025 | $273M | -2.2% |
| Q2 2025 | -$35M | -115% |
| Q1 2025 | -$297M | -$152M |
| Q4 2024 | $296M | +8.4% |
FLR's free cash flow was −$425M over the past year, against $237M 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 FLR on cash flow, with more consistent year-over-year improvement.
FLR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -3.5% | -5M shares |
| 1 year | -16% | -26M shares |
| 3 years | -7.5% | -11M shares |
| 5 years | -3.8% | -5.4M shares |
| Available history | -2.9% | -4.1M shares |
FLR has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $300M |
| Q2 2026 | $300M |
| Q1 2026 | $516M |
| Q4 2025 | $389M |
| Q3 2025 | $70M |
| Q2 2025 | $153M |
| Q1 2025 | $142M |
FLR spent $1.5B buying back its own shares over 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 | — |
FLR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.9x | Net Cash |
| Q2 2025 | -3.0x | Net Cash |
| Q1 2025 | -2.3x | Net Cash |
| Q4 2024 | -3.2x | Net Cash |
| Q3 2024 | -5.6x | Net Cash |
| Q2 2024 | -3.0x | Net Cash |
| Q1 2024 | -2.9x | Net Cash |
| Q4 2023 | -6.2x | Net Cash |
FLR 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.
FLR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.0 | Neutral |
| Stochastic | 31.6 | Neutral |
FLR's weekly RSI is 50 (neutral) and its Stochastic is 32 (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).
FLR PE vs Industrials Sector
| Metric | FLR | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
FLR 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.
FLR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $48.1 | 3% above |
| 20 week MA | $50.8 | 2.6% below |
| 50 week MA | $48.3 | 2.5% above |
| 100 week MA | $46.0 | 7.7% above |
| 200 week MA | $42.6 | 16% above |
FLR 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.
FLR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $18.1 | $16.5 | -9.1% |
| 2021 | $16.5 | $24.5 | +49% |
| 2022 | $24.5 | $35.2 | +43% |
| 2023 | $35.2 | $39.2 | +11% |
| 2024 | $39.2 | $50.1 | +28% |
| 2025 | $50.1 | $40.8 | -18% |
| 2026 YTD | $40.8 | $49.5 | +21% |
FLR 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.