GXO
GXO Logistics, Inc.
GXO has the edge over RKLB overall, supported by lower modeled downside.
RKLB
Rocket Lab USA, Inc.
RKLB offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
GXO Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Stable | |
| Under pressure |
GXO's profitability is currently healthy, and its revenue and cash flow are stable, but its balance sheet 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.
GXO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 16x | $54.33 | — |
| Cheap | 29x | $33.62 | -38% |
| Fair | 41x | $47.10 | -13% |
| Current | 47x | $54.33 | — |
| Expensive | 75x | $86.46 | +59% |
Historical ranges are pointers, not guarantees.
GXO's PE is in its fair range at 47x. If earnings grow as analysts expect, today's price would be 16x 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.
GXO Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for GXO, 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.
GXO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.45 | +197% |
| Q3 2026 | $1.16 | +53% |
| Q2 2026 | $1.11 | +109% |
| Q1 2026 | $1.12 | +81% |
| Q4 2025 | $0.28 | -75% |
| Q3 2025 | $0.76 | -16% |
| Q2 2025 | $0.53 | -55% |
| Q1 2025 | $0.62 | -56% |
| Q4 2024 | $1.12 | -42% |
GXO 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.
GXO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.6B | +5.7% |
| Q2 2026 | $3.4B | +4.3% |
| Q1 2026 | $3.3B | +11% |
| Q4 2025 | $3.5B | +7.9% |
| Q3 2025 | $3.4B | +7.5% |
| Q2 2025 | $3.3B | +16% |
| Q1 2025 | $3B | +21% |
| Q4 2024 | $3.3B | +25% |
GXO's revenue has grown year over year every quarter since early 2021: $3.6B last quarter, up 5.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.7% | -0.8 points |
| Q2 2026 | 2.2% | -0.5 points |
| Q1 2026 | 1.2% | +3.1 points |
| Q4 2025 | 2.7% | -0.4 points |
| Q3 2025 | 3.5% | +0.9 points |
| Q2 2025 | 2.7% | +0.1 points |
| Q1 2025 | -1.9% | -0.3 points |
| Q4 2024 | 3.1% | -0.3 points |
GXO 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 GXO 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.
GXO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $82M | -6.8% |
| Q2 2026 | $11M | +$55M |
| Q1 2026 | -$34M | +$15M |
| Q4 2025 | $115M | +40% |
| Q3 2025 | $88M | -15% |
| Q2 2025 | -$44M | -263% |
| Q1 2025 | -$49M | -$26M |
| Q4 2024 | $82M | -44% |
GXO 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.
GXO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -1.1M shares |
| 1 year | -0.6% | -693K shares |
| 3 years | -4.2% | -5M shares |
| 5 years | -1.2% | -1.4M shares |
| Available history | 0% | +33.9K shares |
GXO has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $84M |
| Q2 2026 | $18M |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $94M |
| Q1 2025 | $106M |
| Q1 2021 | — |
GXO spent $102M buying back its own shares over 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 | — |
GXO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.2x | Elevated |
| Q2 2026 | 3.1x | Elevated |
| Q1 2026 | 2.9x | Moderate |
| Q4 2025 | 3.2x | Elevated |
| Q3 2025 | 3.4x | Elevated |
| Q2 2025 | 3.8x | Elevated |
| Q1 2025 | 3.8x | Elevated |
| Q4 2024 | 3.5x | Elevated |
GXO's net debt is about 3.2 years of its operating earnings (EBITDA), about the same as 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.
GXO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.8 | Neutral |
| Stochastic | 73.7 | Neutral |
GXO's weekly RSI is 60 (neutral) and its Stochastic is 74 (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).
GXO PE vs Industrials Sector
| Metric | GXO | Sector median | Relative |
|---|---|---|---|
| PE | 47x | 24x | 95% above |
| PE % | 65 | 63 | 2 pts above |
GXO is trading at 47x earnings, a 95% 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.
GXO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $49.2 | 10% above |
| 20 week MA | $49.2 | 10% above |
| 50 week MA | $52.3 | 3.9% above |
| 100 week MA | $49.0 | 11% above |
| 200 week MA | $51.9 | 4.7% above |
GXO 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.
GXO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $60.0 | $91.8 | +53% |
| 2022 | $91.8 | $43.0 | -53% |
| 2023 | $43.0 | $61.2 | +42% |
| 2024 | $61.2 | $42.8 | -30% |
| 2025 | $42.8 | $53.8 | +26% |
| 2026 YTD | $53.8 | $54.3 | +1% |
GXO 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.