GVA
Granite Construction Incorporated
GVA has the edge over RKLB overall, supported by lower modeled downside and stronger fundamentals.
RKLB
Rocket Lab USA, Inc.
RKLB offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
GVA Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Healthy | |
| Healthy |
GVA's revenue, cash flow and balance sheet are currently healthy, but its profitability is 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.
GVA PE Valuation
GVA 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.
GVA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for GVA, 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.
GVA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.17 | — |
| Q3 2026 | -$6.02 | -266% |
| Q2 2026 | -$4.11 | -228% |
| Q1 2026 | $3.67 | +44% |
| Q4 2025 | $3.86 | +47% |
| Q3 2025 | $3.62 | +51% |
| Q2 2025 | $3.21 | +65% |
| Q1 2025 | $2.55 | +219% |
| Q4 2024 | $2.62 | +170% |
GVA has the edge over RKLB on earnings, with more consistent year-over-year improvement.
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.
GVA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.8B | +23% |
| Q2 2026 | $1.5B | +29% |
| Q1 2026 | $912.5M | +30% |
| Q4 2025 | $1.2B | +19% |
| Q3 2025 | $1.4B | +12% |
| Q2 2025 | $1.1B | +4% |
| Q1 2025 | $699.5M | +4.1% |
| Q4 2024 | $977.3M | +4.7% |
GVA's revenue has grown year over year for 16 quarters in a row: $1.8B last quarter, up 23% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | +2.7 points |
| Q2 2026 | 8.7% | -0.5 points |
| Q1 2026 | -3.4% | +2.3 points |
| Q4 2025 | 6.4% | +0.2 points |
| Q3 2025 | 10% | +1.8 points |
| Q2 2025 | 9.2% | +1.3 points |
| Q1 2025 | -5.7% | +0.8 points |
| Q4 2024 | 6.2% | +4 points |
GVA 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 GVA 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.
GVA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $228.7M | -11% |
| Q2 2026 | $142.7M | +$169.7M |
| Q1 2026 | -$57M | -$28.5M |
| Q4 2025 | $128.8M | -11% |
| Q2 2025 | -$27M | +$14M |
| Q1 2025 | -$28.6M | -$24.8M |
| Q4 2024 | $144.6M | +22% |
| Q2 2024 | -$41M | +$40.5M |
GVA 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.
GVA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +5.7% | +2.5M shares |
| 1 year | -14% | -7.3M shares |
| 3 years | -14% | -7.4M shares |
| 5 years | -3.2% | -1.5M shares |
| Available history | 0% | -23K shares |
GVA has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $37.1M |
| Q2 2026 | $228,000 |
| Q1 2026 | $18.4M |
| Q4 2025 | $26.6M |
| Q3 2025 | $6.3M |
| Q2 2025 | $108,000 |
| Q1 2025 | $15.2M |
| Q4 2024 | $29.2M |
GVA spent $82M buying back its own shares over the past year, up 62% from 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 | — |
GVA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.9x | Healthy |
| Q2 2026 | 1.4x | Healthy |
| Q1 2026 | 2.1x | Moderate |
| Q4 2025 | 1.8x | Healthy |
| Q3 2025 | 2.2x | Moderate |
| Q2 2024 | 1.5x | Healthy |
| Q1 2024 | 1.3x | Healthy |
| Q4 2023 | 1.4x | Healthy |
GVA's net debt is about 1.9 years of its operating earnings (EBITDA), down from 2.2 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.
GVA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.7 | Neutral |
| Stochastic | 66.9 | Neutral |
GVA's weekly RSI is 53 (neutral) and its Stochastic is 67 (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).
GVA PE vs Industrials Sector
| Metric | GVA | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
GVA 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.
GVA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $116.7 | 7.7% above |
| 20 week MA | $121.4 | 3.6% above |
| 50 week MA | $125.4 | 0.3% above |
| 100 week MA | $109.1 | 15% above |
| 200 week MA | $81.6 | 54% above |
GVA 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.
GVA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $26.9 | $27.1 | +0.6% |
| 2021 | $27.1 | $38.4 | +42% |
| 2022 | $38.4 | $35.4 | -7.7% |
| 2023 | $35.4 | $50.9 | +44% |
| 2024 | $50.9 | $89.1 | +75% |
| 2025 | $89.1 | $119.4 | +34% |
| 2026 YTD | $119.4 | $125.7 | +5.3% |
GVA 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.