FSS
Federal Signal Corporation
FSS has the edge over RKLB overall, supported by lower modeled downside and stronger valuation.
RKLB
Rocket Lab USA, Inc.
RKLB's outlook is improving, though it still trails on the overall score.
FSS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Healthy |
FSS'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.
FSS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 20x | $98.68 | -14% |
| Forward | 20x | $115 | — |
| Current | 24x | $115 | — |
| Fair | 26x | $126 | +9.2% |
| Expensive | 30x | $143 | +24% |
Historical ranges are pointers, not guarantees.
FSS's PE is in its fair range at 24x. If earnings grow as analysts expect, today's price would be 20x next year's earnings, in its cheap range.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
FSS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for FSS, 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.
FSS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.65 | +17% |
| Q3 2026 | $4.82 | +26% |
| Q2 2026 | $4.64 | +30% |
| Q1 2026 | $4.40 | +29% |
| Q4 2025 | $4.01 | +15% |
| Q3 2025 | $3.82 | +11% |
| Q2 2025 | $3.58 | +9.1% |
| Q1 2025 | $3.41 | +16% |
| Q4 2024 | $3.50 | +37% |
FSS 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.
FSS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $655.5M | +18% |
| Q2 2026 | $670.2M | +19% |
| Q1 2026 | $625.6M | +35% |
| Q4 2025 | $597.1M | +27% |
| Q3 2025 | $555M | +17% |
| Q2 2025 | $564.6M | +15% |
| Q1 2025 | $463.8M | +9.2% |
| Q4 2024 | $472M | +5.3% |
FSS's revenue has grown year over year for 22 quarters in a row: $656M last quarter, up 18% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 17% | 0 points |
| Q2 2026 | 18% | +0.3 points |
| Q1 2026 | 16% | +1.8 points |
| Q4 2025 | 14% | -0.9 points |
| Q3 2025 | 17% | +0.9 points |
| Q2 2025 | 17% | +0.8 points |
| Q1 2025 | 14% | +1.4 points |
| Q4 2024 | 15% | +0.8 points |
FSS 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 FSS 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.
FSS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $80M | +48% |
| Q2 2026 | $101M | +93% |
| Q1 2026 | $94.6M | +204% |
| Q4 2025 | $89.5M | +9% |
| Q3 2025 | $54.1M | -11% |
| Q2 2025 | $52.4M | +111% |
| Q1 2025 | $31.1M | +36% |
| Q4 2024 | $82.1M | -13% |
FSS 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.
FSS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +0.2% | +100K shares |
| 3 years | +0.2% | +100K shares |
| 5 years | -0.3% | -200K shares |
| Available history | -0.2% | -100K shares |
FSS has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5M |
| Q2 2026 | $100,000 |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $21.2M |
| Q1 2025 | $18.5M |
| Q4 2024 | $2.2M |
FSS has spent almost nothing on buybacks 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 | — |
FSS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.7x | Very low |
| Q2 2026 | 0.8x | Very low |
| Q1 2026 | 1.0x | Healthy |
| Q4 2025 | 1.2x | Healthy |
| Q3 2025 | 0.4x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.6x | Very low |
| Q4 2024 | 0.4x | Very low |
FSS's net debt is less than a year of its operating earnings (EBITDA).
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
FSS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.0 | Neutral |
| Stochastic | 32.3 | Neutral |
FSS's weekly RSI is 49 (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).
FSS PE vs Industrials Sector
| Metric | FSS | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 24x | 0.8% below |
| PE % | 33 | 58 | 25 pts below |
FSS is trading at 24x 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.
FSS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $113.9 | 1% above |
| 20 week MA | $118.0 | 2.5% below |
| 50 week MA | $115.1 | 0% below |
| 100 week MA | $108.6 | 5.9% above |
| 200 week MA | $90.8 | 27% above |
FSS's trend is mixed: it's above three of its five weekly moving averages, and 27% 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's trend is mixed: it's above three of its five weekly moving averages, and 104% above its 200-week average.
FSS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $32.4 | $31.9 | -1.6% |
| 2021 | $31.9 | $42.4 | +33% |
| 2022 | $42.4 | $46.1 | +8.9% |
| 2023 | $46.1 | $76.7 | +66% |
| 2024 | $76.7 | $92.7 | +21% |
| 2025 | $92.7 | $113.4 | +22% |
| 2026 YTD | $113.4 | $115.1 | +1.4% |
FSS 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.