IESC
IES Holdings, Inc.
IESC has the edge over RKLB overall, supported by stronger valuation and lower modeled downside.
RKLB
Rocket Lab USA, Inc.
RKLB offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
IESC Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Healthy | |
| Strong |
IESC'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.
IESC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 15x | $174 | -0.2% |
| Current | 15x | $174 | — |
| Fair | 20x | $228 | +31% |
| Expensive | 27x | $304 | +74% |
Historical ranges are pointers, not guarantees.
IESC's PE is in its cheap range at 15x.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
IESC Forward outlook
There aren't enough analyst estimates for IESC to show an outlook.
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.
IESC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $11.26 | +72% |
| Q1 2026 | $9.38 | +57% |
| Q4 2025 | $8.40 | +56% |
| Q3 2025 | $7.51 | +52% |
| Q2 2025 | $6.54 | +54% |
| Q1 2025 | $5.97 | +80% |
| Q4 2024 | $5.37 | +103% |
| Q3 2024 | $4.95 | +118% |
IESC 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.
IESC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.2B | +40% |
| Q1 2026 | $974.3M | +17% |
| Q4 2025 | $871M | +16% |
| Q3 2025 | $897.8M | +16% |
| Q2 2025 | $890.2M | +16% |
| Q1 2025 | $834M | +18% |
| Q4 2024 | $749.5M | +18% |
| Q3 2024 | $775.8M | +20% |
IESC's revenue has grown year over year every quarter since late 2020: $1.2B last quarter, up 40% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 14% | +1.8 points |
| Q1 2026 | 12% | +0.4 points |
| Q4 2025 | 11% | +1.3 points |
| Q3 2025 | 12% | +1.9 points |
| Q2 2025 | 13% | +0.8 points |
| Q1 2025 | 11% | +0.1 points |
| Q4 2024 | 10% | +0.8 points |
| Q3 2024 | 9.7% | +1.5 points |
IESC 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 IESC 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.
IESC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $63.8M | -15% |
| Q1 2026 | $71.5M | +805% |
| Q4 2025 | -$18.9M | -178% |
| Q3 2025 | $112M | +43% |
| Q2 2025 | $74.8M | +14% |
| Q1 2025 | $7.9M | -71% |
| Q4 2024 | $24.1M | +31% |
| Q3 2024 | $78.5M | +54% |
IESC 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.
IESC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +22.6K shares |
| 1 year | +0.5% | +187K shares |
| 3 years | -1% | -416K shares |
| 5 years | -4.2% | -1.8M shares |
| Available history | -5.2% | -2.2M shares |
IESC has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $136,000 |
| Q1 2026 | $1.7M |
| Q4 2025 | $17.7M |
| Q3 2025 | $51,000 |
| Q2 2025 | $5.3M |
| Q1 2025 | $20.5M |
| Q4 2024 | $15.7M |
| Q3 2024 | $19.7M |
IESC spent $20M buying back its own shares over the past year, down 68% 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 | — |
IESC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2026 | -0.0x | Net Cash |
| Q4 2025 | -0.2x | Net Cash |
| Q3 2025 | -0.3x | Net Cash |
| Q2 2025 | -0.2x | Net Cash |
| Q1 2025 | -0.1x | Net Cash |
| Q4 2024 | -0.2x | Net Cash |
| Q3 2024 | -0.3x | Net Cash |
| Q2 2024 | -0.1x | Net Cash |
IESC 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.
IESC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 31.9 | Neutral |
| Stochastic | 6.6 | Oversold |
IESC's weekly RSI is 32 (neutral) and its Stochastic is 7 (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).
IESC PE vs Industrials Sector
| Metric | IESC | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 24x | 36% below |
| PE % | 17 | 58 | 41 pts below |
IESC 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.
IESC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $245.6 | 29% below |
| 20 week MA | $299.9 | 42% below |
| 50 week MA | $279.7 | 38% below |
| 100 week MA | $211.3 | 18% below |
| 200 week MA | $132.8 | 31% above |
IESC has fallen below most of its moving averages, though it's still 31% above 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 IESC on trend strength, trading above more of its moving averages.
IESC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.0 | $24.2 | +86% |
| 2021 | $24.2 | $25.5 | +5.3% |
| 2022 | $25.5 | $17.1 | -33% |
| 2023 | $17.1 | $39.6 | +132% |
| 2024 | $39.6 | $105.3 | +166% |
| 2025 | $105.3 | $201.6 | +92% |
| 2026 YTD | $201.6 | $174.2 | -14% |
IESC has finished higher in five of the last six years, four of them by more than 50%. It's down 14% 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 IESC on returns for 2026, with the stronger performance.