IEP
Icahn Enterprises L.P.
IEP has lower modeled downside risk, despite its lower overall score.
RKLB
Rocket Lab USA, Inc.
RKLB has the edge over IEP overall, supported by stronger fundamentals and stronger modeled upside.
IEP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Under pressure | |
| Strong |
IEP's revenue and balance sheet are currently healthy, but its profitability and cash flow are 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.
IEP PE Valuation
IEP 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.
IEP Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| High |
Analysts expect IEP's earnings to grow, with its revenue and profitability holding steady.
RKLB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
RKLB has the edge over IEP on the outlook, with more favorable revenue and profitability expectations.
IEP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.50 | — |
| Q3 2026 | -$1.46 | -$0.68 |
| Q2 2026 | -$0.66 | +$0.56 |
| Q1 2026 | -$0.44 | +$1.20 |
| Q4 2025 | -$0.52 | +$0.42 |
| Q3 2025 | -$0.78 | +$0.25 |
| Q2 2025 | -$1.22 | -$0.13 |
| Q1 2025 | -$1.64 | -$0.55 |
| Q4 2024 | -$0.94 | +$0.81 |
IEP 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.
IEP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.2B | +16% |
| Q2 2026 | $3B | +26% |
| Q1 2026 | $2.2B | +18% |
| Q4 2025 | $2.7B | +5.4% |
| Q3 2025 | $2.7B | -2.4% |
| Q2 2025 | $2.4B | +7.6% |
| Q1 2025 | $1.9B | -24% |
| Q4 2024 | $2.6B | -4.4% |
IEP's revenue is recovering but still below its 2022 peak: $3.2B last quarter, up 16% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -3.6% | -23 points |
| Q2 2026 | -13% | -2.6 points |
| Q1 2026 | -28% | +7.3 points |
| Q4 2025 | 0.6% | +5.8 points |
| Q3 2025 | 20% | +17 points |
| Q2 2025 | -10% | +12 points |
| Q1 2025 | -35% | -34 points |
| Q4 2024 | -5.2% | +2.2 points |
IEP 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 IEP 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.
IEP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $116M | +$183M |
| Q2 2026 | $36M | -80% |
| Q1 2026 | $283M | +$553M |
| Q4 2025 | -$496M | -418% |
| Q3 2025 | -$67M | +$45M |
| Q2 2025 | $179M | -78% |
| Q1 2025 | -$270M | +$49M |
| Q4 2024 | $156M | +1100% |
IEP has the edge over RKLB on cash flow, with more consistent year-over-year improvement.
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.
IEP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +6.5% | +46M shares |
| 1 year | +26% | +157M shares |
| 3 years | +84% | +346M shares |
| 5 years | +172% | +478M shares |
| Available history | +254% | +543M shares |
IEP has 757M diluted shares, up 26% from a year ago.
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 the edge over IEP on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
IEP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -7.8x | Net Cash |
| Q1 2026 | -4.3x | Net Cash |
| Q4 2025 | -5.6x | Net Cash |
| Q3 2025 | -42.6x | Net Cash |
| Q4 2022 | -4.5x | Net Cash |
| Q3 2022 | -90.1x | Net Cash |
| Q2 2022 | -175.2x | Net Cash |
| Q1 2022 | -7.2x | Net Cash |
IEP has more cash than debt.
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
IEP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 20.7 | Oversold |
| Stochastic | 3.3 | Oversold |
IEP's weekly RSI is 21 (oversold) and its Stochastic is 3 (oversold).
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).
IEP PE vs Industrials Sector
| Metric | IEP | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
IEP 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.
IEP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.93 | 18% below |
| 20 week MA | $6.72 | 28% below |
| 50 week MA | $7.34 | 34% below |
| 100 week MA | $8.11 | 40% below |
| 200 week MA | $16.0 | 70% below |
IEP is in a downtrend: it's below all five of its weekly moving averages, and 70% 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 IEP on trend strength, trading above more of its moving averages.
IEP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $62.2 | $51.0 | -18% |
| 2021 | $51.0 | $49.8 | -2.4% |
| 2022 | $49.8 | $50.7 | +1.8% |
| 2023 | $50.7 | $17.2 | -66% |
| 2024 | $17.2 | $8.94 | -48% |
| 2025 | $8.94 | $7.60 | -15% |
| 2026 YTD | $7.60 | $4.86 | -36% |
IEP has finished three years in a row lower, and it's down 36% so far in 2026.
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 has the edge over IEP on returns for 2026, with the stronger performance.