GWW
W.W. Grainger, Inc.
GWW has the edge over RKLB overall, supported by lower modeled downside and stronger fundamentals.
RKLB
Rocket Lab USA, Inc.
RKLB offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
GWW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Healthy |
GWW'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.
GWW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 21x | $951 | -37% |
| Fair | 26x | $1,200 | -20% |
| Forward | 29x | $1,503 | — |
| Expensive | 32x | $1,460 | -2.8% |
| Current | 33x | $1,503 | — |
Historical ranges are pointers, not guarantees.
GWW's PE is in its expensive range at 33x. If earnings grow as analysts expect, today's price would be 29x next year's earnings.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
GWW Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for GWW, 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.
GWW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $51.08 | +12% |
| Q3 2026 | $45.53 | +28% |
| Q2 2026 | $39.23 | -0.5% |
| Q1 2026 | $37.19 | -4.5% |
| Q4 2025 | $35.40 | -8.6% |
| Q3 2025 | $35.66 | -3.4% |
| Q2 2025 | $39.41 | +8.1% |
| Q1 2025 | $38.95 | +7.5% |
| Q4 2024 | $38.71 | +6.8% |
GWW 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.
GWW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $5.2B | +11% |
| Q2 2026 | $5B | +10% |
| Q1 2026 | $4.7B | +10% |
| Q4 2025 | $4.4B | +4.5% |
| Q3 2025 | $4.7B | +6.1% |
| Q2 2025 | $4.6B | +5.6% |
| Q1 2025 | $4.3B | +1.7% |
| Q4 2024 | $4.2B | +5.9% |
GWW's revenue has grown year over year every quarter since late 2020: $5.2B last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 16% | +5 points |
| Q2 2026 | 16% | +1.2 points |
| Q1 2026 | 17% | +1.1 points |
| Q4 2025 | 14% | -0.6 points |
| Q3 2025 | 11% | -4.7 points |
| Q2 2025 | 15% | -0.2 points |
| Q1 2025 | 16% | -0.2 points |
| Q4 2024 | 15% | +1 points |
GWW 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 GWW 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.
GWW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $546M | +61% |
| Q2 2026 | $333M | +65% |
| Q1 2026 | $569M | +9.2% |
| Q4 2025 | $269M | +58% |
| Q3 2025 | $339M | -35% |
| Q2 2025 | $202M | -40% |
| Q1 2025 | $521M | -3.9% |
| Q4 2024 | $170M | -64% |
GWW 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.
GWW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -100K shares |
| 1 year | -1.7% | -800K shares |
| 3 years | -6% | -3M shares |
| 5 years | -9.6% | -5M shares |
| Available history | -14% | -7.8M shares |
GWW has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $278M |
| Q2 2026 | $224M |
| Q1 2026 | $237M |
| Q4 2025 | $247M |
| Q3 2025 | $291M |
| Q2 2025 | $226M |
| Q1 2025 | $281M |
| Q4 2024 | $462M |
GWW spent $986M buying back its own shares over the past year, down 22% 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 | — |
GWW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.6x | Very low |
| Q4 2025 | 0.7x | Very low |
| Q3 2025 | 0.7x | Very low |
| Q2 2025 | 0.6x | Very low |
| Q1 2025 | 0.6x | Very low |
| Q4 2024 | 0.6x | Very low |
GWW'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.
GWW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 73.0 | Overbought |
| Stochastic | 77.5 | Neutral |
GWW's weekly RSI is 73 (overbought) and its Stochastic is 78 (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).
GWW PE vs Industrials Sector
| Metric | GWW | Sector median | Relative |
|---|---|---|---|
| PE | 33x | 24x | 37% above |
| PE % | 89 | 58 | 31 pts above |
GWW is trading at 33x earnings, a 37% 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.
GWW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,349.5 | 11% above |
| 20 week MA | $1,338.2 | 12% above |
| 50 week MA | $1,220.2 | 23% above |
| 100 week MA | $1,117.5 | 34% above |
| 200 week MA | $985.1 | 53% above |
GWW 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.
GWW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $337.5 | $415.6 | +23% |
| 2021 | $415.6 | $503.0 | +21% |
| 2022 | $503.0 | $565.1 | +12% |
| 2023 | $565.1 | $828.7 | +47% |
| 2024 | $828.7 | $1,069.0 | +29% |
| 2025 | $1,069.0 | $1,024.3 | -4.2% |
| 2026 YTD | $1,024.3 | $1,502.6 | +47% |
GWW 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.