GHM
Graham Corporation
GHM has the edge over RKLB overall, supported by lower modeled downside and stronger modeled upside.
RKLB
Rocket Lab USA, Inc.
RKLB offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
GHM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Healthy | |
| Strong |
GHM's revenue, cash flow and balance sheet are currently healthy, and its profitability 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.
GHM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 48x | $85.95 | — |
| Cheap | 50x | $56.44 | -34% |
| Fair | 67x | $76.29 | -11% |
| Current | 75x | $85.95 | — |
| Expensive | 100x | $114 | +33% |
Historical ranges are pointers, not guarantees.
GHM's PE is in its expensive range at 75x. If earnings grow as analysts expect, today's price would be 48x 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.
GHM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for GHM, 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.
GHM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.78 | +56% |
| Q3 2026 | $1.14 | -8.1% |
| Q2 2026 | $1.03 | -18% |
| Q1 2026 | $1.12 | +0.9% |
| Q4 2025 | $1.35 | +65% |
| Q3 2025 | $1.24 | +77% |
| Q2 2025 | $1.26 | +186% |
| Q1 2025 | $1.11 | +164% |
| Q4 2024 | $0.82 | +204% |
GHM 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.
GHM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $69.8M | +5.7% |
| Q2 2026 | $71.3M | +29% |
| Q1 2026 | $67.1M | +13% |
| Q4 2025 | $56.7M | +21% |
| Q3 2025 | $66M | +23% |
| Q2 2025 | $55.5M | +11% |
| Q1 2025 | $59.3M | +21% |
| Q4 2024 | $47M | +7.3% |
GHM's revenue has grown year over year every quarter since late 2020: $70M last quarter, up 5.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.4% | +1.9 points |
| Q2 2026 | 5.8% | -3.1 points |
| Q1 2026 | 4% | -5.3 points |
| Q4 2025 | 5.5% | +0.8 points |
| Q3 2025 | 6.5% | -1.4 points |
| Q2 2025 | 8.9% | +2.5 points |
| Q1 2025 | 9.3% | +6.2 points |
| Q4 2024 | 4.7% | +2.6 points |
GHM 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 GHM 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.
GHM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $44.5M | +371% |
| Q2 2026 | -$15.3M | -$6M |
| Q1 2026 | -$2.7M | +$6M |
| Q4 2025 | $2.4M | +$4.5M |
| Q3 2025 | $9.4M | -9.6% |
| Q2 2025 | -$9.3M | -261% |
| Q1 2025 | -$8.7M | -289% |
| Q4 2024 | -$2.1M | -137% |
GHM 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.
GHM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.2% | +145K shares |
| 1 year | +6.5% | +720K shares |
| 3 years | +9.7% | +1M shares |
| 5 years | +11% | +1.2M shares |
| Available history | +20% | +2M shares |
GHM has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | $44,000 |
| Q2 2024 | $810,000 |
| Q1 2024 | $1,000 |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | $57,000 |
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 | — |
GHM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.8x | Net Cash |
| Q2 2026 | -1.2x | Net Cash |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | -0.9x | Net Cash |
| Q3 2025 | -0.9x | Net Cash |
| Q2 2025 | -0.5x | Net Cash |
| Q1 2025 | -1.0x | Net Cash |
| Q4 2024 | -1.8x | Net Cash |
GHM 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.
GHM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.2 | Neutral |
| Stochastic | 28.4 | Neutral |
GHM's weekly RSI is 49 (neutral) and its Stochastic is 28 (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).
GHM PE vs Industrials Sector
| Metric | GHM | Sector median | Relative |
|---|---|---|---|
| PE | 75x | 24x | 213% above |
| PE % | 68 | 58 | 10 pts above |
GHM is trading at 75x earnings, a 213% premium 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.
GHM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $78.7 | 9.2% above |
| 20 week MA | $91.7 | 6.2% below |
| 50 week MA | $87.8 | 2.1% below |
| 100 week MA | $66.5 | 29% above |
| 200 week MA | $44.2 | 95% above |
GHM's trend is mixed: it's above three of its five weekly moving averages, and 95% 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.
GHM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $22.0 | $14.8 | -33% |
| 2021 | $14.8 | $12.7 | -14% |
| 2022 | $12.7 | $9.72 | -23% |
| 2023 | $9.72 | $19.0 | +95% |
| 2024 | $19.0 | $44.2 | +133% |
| 2025 | $44.2 | $71.5 | +62% |
| 2026 YTD | $71.5 | $86.0 | +20% |
GHM 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.