GTES
Gates Industrial Corporation plc
GTES has the edge over RKLB overall, supported by lower modeled downside and stronger valuation.
RKLB
Rocket Lab USA, Inc.
RKLB offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
GTES Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Healthy | |
| Stable |
GTES's profitability and cash flow are currently healthy, and its revenue and balance sheet are 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.
GTES PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 13x | $25.35 | — |
| Cheap | 15x | $20.85 | -18% |
| Current | 18x | $25.35 | — |
| Fair | 20x | $28.21 | +11% |
| Expensive | 31x | $44.49 | +76% |
Historical ranges are pointers, not guarantees.
GTES's PE is in its fair range at 18x. If earnings grow as analysts expect, today's price would be 13x 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.
GTES Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for GTES, 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.
GTES Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.89 | +32% |
| Q3 2026 | $1.43 | +55% |
| Q2 2026 | $1.40 | +77% |
| Q1 2026 | $0.95 | +14% |
| Q4 2025 | $0.96 | +30% |
| Q3 2025 | $0.92 | +12% |
| Q2 2025 | $0.79 | -15% |
| Q1 2025 | $0.83 | -7.8% |
| Q4 2024 | $0.74 | -12% |
GTES 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.
GTES Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $903.6M | +5.6% |
| Q2 2026 | $941.6M | +6.6% |
| Q1 2026 | $851.1M | +0.4% |
| Q4 2025 | $856.2M | +3.2% |
| Q3 2025 | $855.7M | +3% |
| Q2 2025 | $883.7M | -0.2% |
| Q1 2025 | $847.6M | -1.7% |
| Q4 2024 | $829.4M | -3.9% |
GTES's revenue grew through 2021 and has held roughly level since: $904M last quarter, up 5.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | +1 points |
| Q2 2026 | 14% | +0.9 points |
| Q1 2026 | 13% | -1.8 points |
| Q4 2025 | 13% | -0.9 points |
| Q3 2025 | 13% | -0.1 points |
| Q2 2025 | 13% | -2.3 points |
| Q1 2025 | 15% | +1.2 points |
| Q4 2024 | 14% | -0.3 points |
GTES 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 GTES 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.
GTES Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $42.4M | -47% |
| Q2 2026 | $60.3M | -28% |
| Q1 2026 | $13.5M | +$23.7M |
| Q4 2025 | $251M | +50% |
| Q3 2025 | $80.5M | -14% |
| Q2 2025 | $83.6M | +16% |
| Q1 2025 | -$10.2M | +$26.8M |
| Q4 2024 | $167.6M | -0.1% |
GTES 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.
GTES Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -552K shares |
| 1 year | -2.3% | -6M shares |
| 3 years | -4.6% | -12.3M shares |
| 5 years | -15% | -44.1M shares |
| Available history | -12% | -36M shares |
GTES has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $57.4M |
| Q2 2026 | $22.1M |
| Q1 2026 | $16.6M |
| Q4 2025 | $106.3M |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $13M |
| Q4 2024 | — |
GTES spent $202M buying back its own shares over the past year, more than ten times what it spent 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 | — |
GTES Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.0x | Healthy |
| Q2 2026 | 2.1x | Moderate |
| Q1 2026 | 2.2x | Moderate |
| Q4 2025 | 2.1x | Moderate |
| Q3 2025 | 2.3x | Moderate |
| Q2 2025 | 2.4x | Moderate |
| Q1 2025 | 2.4x | Moderate |
| Q4 2024 | 2.4x | Moderate |
GTES's net debt is about 2.0 years of its operating earnings (EBITDA), down from 2.3 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.
GTES Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.1 | Neutral |
| Stochastic | 20.0 | Neutral |
GTES's weekly RSI is 48 (neutral) and its Stochastic is 20 (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).
GTES PE vs Industrials Sector
| Metric | GTES | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 24x | 26% below |
| PE % | 35 | 58 | 23 pts below |
GTES is trading at 18x earnings, a 26% discount 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.
GTES Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $25.7 | 1.2% below |
| 20 week MA | $26.3 | 3.5% below |
| 50 week MA | $25.2 | 0.6% above |
| 100 week MA | $23.7 | 7.1% above |
| 200 week MA | $19.3 | 31% above |
GTES has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 31% 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.
GTES Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.7 | $13.1 | -4.5% |
| 2021 | $13.1 | $15.4 | +18% |
| 2022 | $15.4 | $11.2 | -28% |
| 2023 | $11.2 | $13.4 | +20% |
| 2024 | $13.4 | $20.7 | +54% |
| 2025 | $20.7 | $22.0 | +6.3% |
| 2026 YTD | $22.0 | $25.4 | +15% |
GTES 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.