ICFI
ICF International, Inc.
ICFI has the edge over RKLB overall, supported by stronger valuation and lower modeled downside.
RKLB
Rocket Lab USA, Inc.
RKLB offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
ICFI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Healthy |
ICFI's profitability, cash flow and balance sheet are currently healthy, and its revenue 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.
ICFI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 11x | $82.22 | — |
| Current | 15x | $82.22 | — |
| Cheap | 16x | $87.25 | +6.1% |
| Fair | 25x | $135 | +64% |
| Expensive | 32x | $171 | +109% |
Historical ranges are pointers, not guarantees.
ICFI's PE is in its cheap range at 15x. If earnings grow as analysts expect, today's price would be 11x next year's earnings.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
ICFI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect ICFI's earnings to grow and its profitability to improve, with its revenue holding steady.
RKLB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
RKLB has the edge over ICFI on the outlook, with more favorable revenue expectations.
ICFI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.49 | +41% |
| Q3 2026 | $5.32 | +0.6% |
| Q2 2026 | $4.84 | -16% |
| Q1 2026 | $4.63 | -20% |
| Q4 2025 | $4.95 | -15% |
| Q3 2025 | $5.29 | -7% |
| Q2 2025 | $5.74 | +10% |
| Q1 2025 | $5.82 | +18% |
| Q4 2024 | $5.82 | +34% |
ICFI 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.
ICFI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $470.5M | +1.1% |
| Q2 2026 | $474.5M | -0.3% |
| Q1 2026 | $437.5M | -10% |
| Q4 2025 | $443.7M | -11% |
| Q3 2025 | $465.4M | -10% |
| Q2 2025 | $476.2M | -7% |
| Q1 2025 | $487.6M | -1.4% |
| Q4 2024 | $496.3M | +3.8% |
ICFI's revenue is down over the past year, though its latest quarter was up: $470M last quarter, up 1.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.3% | +1 points |
| Q2 2026 | 8.4% | 0 points |
| Q1 2026 | 8% | +0.1 points |
| Q4 2025 | 6.5% | -0.9 points |
| Q3 2025 | 8.3% | -0.6 points |
| Q2 2025 | 8.4% | +0.1 points |
| Q1 2025 | 7.9% | -0.4 points |
| Q4 2024 | 7.3% | -0.4 points |
ICFI 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 ICFI 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.
ICFI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $29.6M | -29% |
| Q2 2026 | $94M | +103% |
| Q1 2026 | -$6M | +$30.5M |
| Q4 2025 | $68.7M | -23% |
| Q3 2025 | $41.8M | +105% |
| Q1 2025 | -$36.5M | -$21.3M |
| Q4 2024 | $89.5M | -13% |
| Q3 2024 | $20.4M | -2.6% |
ICFI 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.
ICFI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +7K shares |
| 1 year | -2.5% | -471K shares |
| 3 years | -4.8% | -919K shares |
| 5 years | -5.3% | -1M shares |
| Available history | -6.1% | -1.2M shares |
ICFI has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $379,000 |
| Q2 2026 | $14.4M |
| Q1 2026 | $18.3M |
| Q4 2025 | $15.8M |
| Q3 2025 | $199,000 |
| Q2 2025 | $29,000 |
| Q1 2025 | $39.3M |
| Q4 2024 | $16.8M |
ICFI spent $49M buying back its own shares over the past year, down 13% 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 | — |
ICFI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.9x | Healthy |
| Q2 2026 | 2.1x | Moderate |
| Q1 2026 | 2.2x | Moderate |
| Q4 2025 | 2.0x | Healthy |
| Q3 2025 | 2.1x | Moderate |
| Q2 2025 | 2.2x | Moderate |
| Q1 2025 | 2.5x | Moderate |
| Q4 2024 | 2.0x | Moderate |
ICFI's net debt is about 1.9 years of its operating earnings (EBITDA), down from 2.1 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.
ICFI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.8 | Neutral |
| Stochastic | 36.9 | Neutral |
ICFI's weekly RSI is 49 (neutral) and its Stochastic is 37 (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).
ICFI PE vs Industrials Sector
| Metric | ICFI | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 24x | 36% below |
| PE % | 13 | 58 | 45 pts below |
ICFI is trading at 15x earnings, a 36% 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.
ICFI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $86.8 | 5.2% below |
| 20 week MA | $85.4 | 3.7% below |
| 50 week MA | $80.3 | 2.4% above |
| 100 week MA | $86.7 | 5.2% below |
| 200 week MA | $110.7 | 26% below |
ICFI's trend is mixed: it's above one of its five weekly moving averages, and 26% below 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 has the edge over ICFI on trend strength, trading above more of its moving averages.
ICFI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $92.2 | $74.6 | -19% |
| 2021 | $74.6 | $101.1 | +35% |
| 2022 | $101.1 | $98.6 | -2.5% |
| 2023 | $98.6 | $134.1 | +36% |
| 2024 | $134.1 | $118.5 | -12% |
| 2025 | $118.5 | $86.2 | -27% |
| 2026 YTD | $86.2 | $82.2 | -4.6% |
ICFI 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.