IEX
IDEX Corporation
IEX 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.
IEX Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Healthy |
IEX'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.
IEX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $238 | — |
| Cheap | 27x | $194 | -18% |
| Fair | 30x | $219 | -8.1% |
| Current | 33x | $238 | — |
| Expensive | 39x | $279 | +17% |
Historical ranges are pointers, not guarantees.
IEX's PE is in its expensive range at 33x. If earnings grow as analysts expect, today's price would be 25x 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.
IEX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for IEX, 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.
IEX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.57 | +33% |
| Q3 2026 | $7.20 | +14% |
| Q2 2026 | $6.95 | +12% |
| Q1 2026 | $6.76 | +7.3% |
| Q4 2025 | $6.41 | -3.5% |
| Q3 2025 | $6.31 | -2.5% |
| Q2 2025 | $6.18 | -19% |
| Q1 2025 | $6.30 | -17% |
| Q4 2024 | $6.64 | -15% |
IEX 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.
IEX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $951.7M | +8.3% |
| Q2 2026 | $920.6M | +6.4% |
| Q1 2026 | $886.9M | +8.9% |
| Q4 2025 | $899.1M | +4.2% |
| Q3 2025 | $878.7M | +10% |
| Q2 2025 | $865.4M | +7.2% |
| Q1 2025 | $814.3M | +1.7% |
| Q4 2024 | $862.9M | +9.4% |
IEX's revenue has grown year over year for nine quarters in a row: $952M last quarter, up 8.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 22% | +0.7 points |
| Q2 2026 | 22% | 0 points |
| Q1 2026 | 19% | +2 points |
| Q4 2025 | 20% | +1.3 points |
| Q3 2025 | 21% | +0.1 points |
| Q2 2025 | 22% | -0.9 points |
| Q1 2025 | 17% | -2.7 points |
| Q4 2024 | 19% | -1.2 points |
IEX 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 IEX 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.
IEX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $214.3M | +14% |
| Q2 2026 | $177M | +20% |
| Q1 2026 | $86M | -5.9% |
| Q4 2025 | $189.8M | +21% |
| Q3 2025 | $188.7M | -1.5% |
| Q2 2025 | $146.9M | +25% |
| Q1 2025 | $91.4M | -33% |
| Q4 2024 | $157.1M | -12% |
IEX 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.
IEX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -200K shares |
| 1 year | -1.6% | -1.2M shares |
| 3 years | -2.5% | -1.9M shares |
| 5 years | -3.2% | -2.5M shares |
| Available history | -3.4% | -2.6M shares |
IEX has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $74.6M |
| Q2 2026 | $77.1M |
| Q1 2026 | $76.3M |
| Q4 2025 | $72.8M |
| Q3 2025 | $75M |
| Q2 2025 | $50M |
| Q1 2025 | $50M |
| Q4 2024 | — |
IEX spent $301M buying back its own shares over the past year, up 72% 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 | — |
IEX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.2x | Healthy |
| Q2 2026 | 1.3x | Healthy |
| Q1 2026 | 1.4x | Healthy |
| Q4 2025 | 1.4x | Healthy |
| Q3 2025 | 1.5x | Healthy |
| Q2 2025 | 1.5x | Healthy |
| Q1 2025 | 1.6x | Healthy |
| Q4 2024 | 1.6x | Healthy |
IEX's net debt is about 1.2 years of its operating earnings (EBITDA), down from 1.5 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.
IEX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.3 | Neutral |
| Stochastic | 57.2 | Neutral |
IEX's weekly RSI is 61 (neutral) and its Stochastic is 57 (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).
IEX PE vs Industrials Sector
| Metric | IEX | Sector median | Relative |
|---|---|---|---|
| PE | 33x | 24x | 37% above |
| PE % | 71 | 58 | 13 pts above |
IEX 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.
IEX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $232.6 | 2.3% above |
| 20 week MA | $229.8 | 3.6% above |
| 50 week MA | $212.1 | 12% above |
| 100 week MA | $196.2 | 21% above |
| 200 week MA | $205.5 | 16% above |
IEX 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.
IEX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $172.6 | $196.6 | +14% |
| 2021 | $196.6 | $230.6 | +17% |
| 2022 | $230.6 | $229.3 | -0.6% |
| 2023 | $229.3 | $217.1 | -5.3% |
| 2024 | $217.1 | $211.1 | -2.8% |
| 2025 | $211.1 | $180.3 | -15% |
| 2026 YTD | $180.3 | $238.0 | +32% |
IEX 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.