KNOP
KNOT Offshore Partners LP
KNOP has lower modeled downside risk, despite its lower overall score.
RKLB
Rocket Lab USA, Inc.
RKLB has the edge over KNOP overall, supported by stronger valuation and stronger modeled upside.
KNOP Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Under pressure |
KNOP's profitability and cash flow are currently healthy, and its revenue is 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.
KNOP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.6x | $2.86 | -69% |
| Fair | 9.6x | $4.14 | -55% |
| Forward | 16x | $9.23 | — |
| Expensive | 18x | $7.76 | -16% |
| Current | 22x | $9.23 | — |
Historical ranges are pointers, not guarantees.
KNOP's PE is in its expensive range at 22x. On analysts' estimates for next year's earnings, today's price would be 16x.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
KNOP Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Decline | |
| Stable | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect KNOP's earnings and profitability to decline, with its revenue holding steady.
RKLB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
RKLB has the edge over KNOP on the outlook, with more favorable earnings and revenue expectations.
KNOP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.58 | +35% |
| Q2 2026 | $0.43 | -57% |
| Q1 2026 | $0.53 | +43% |
| Q4 2025 | $0.67 | +81% |
| Q3 2025 | $1.54 | +$2.00 |
| Q2 2025 | $0.99 | +4850% |
| Q1 2025 | $0.37 | +$1.11 |
| Q4 2024 | $0.37 | +$1.37 |
| Q3 2024 | -$0.46 | +$0.21 |
KNOP 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.
KNOP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $96.8M | +11% |
| Q1 2026 | $92M | +9.5% |
| Q4 2025 | $96.5M | +5.7% |
| Q3 2025 | $96.9M | +27% |
| Q2 2025 | $87.1M | +17% |
| Q1 2025 | $84M | +9.7% |
| Q4 2024 | $91.3M | +25% |
| Q3 2024 | $76.3M | +5% |
KNOP's revenue has grown year over year for 14 quarters in a row: $97M last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 16% | -9.4 points |
| Q1 2026 | 16% | -12 points |
| Q4 2025 | 30% | -8.3 points |
| Q3 2025 | 32% | +9.1 points |
| Q2 2025 | 25% | +24 points |
| Q1 2025 | 28% | +2.2 points |
| Q4 2024 | 38% | +13 points |
| Q3 2024 | 23% | -5.8 points |
KNOP 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 KNOP 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.
KNOP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $32.9M | -3.2% |
| Q1 2026 | $33M | -7.7% |
| Q4 2025 | $43.4M | +5.4% |
| Q3 2025 | $44.3M | +28% |
| Q2 2025 | $34M | +0.7% |
| Q1 2025 | $35.8M | +34% |
| Q4 2024 | $41.2M | +28% |
| Q3 2024 | $34.5M | +37% |
KNOP 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.
KNOP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -1.1% | -385K shares |
| 3 years | -1.1% | -385K shares |
| 5 years | +3.4% | +1.1M shares |
| Available history | +3.7% | +1.2M shares |
KNOP has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $1.4M |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
KNOP spent $1M buying back its own shares over the past year, after none 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 | — |
KNOP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 3.9x | Elevated |
| Q1 2026 | 4.1x | High |
| Q4 2025 | 4.4x | High |
| Q3 2025 | 4.0x | Elevated |
| Q2 2025 | 4.1x | High |
| Q1 2025 | 4.7x | High |
| Q4 2024 | 4.4x | High |
| Q3 2024 | 5.2x | High |
KNOP's net debt is about 3.9 years of its operating earnings (EBITDA), down from 4.1 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.
KNOP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.3 | Neutral |
| Stochastic | 16.3 | Oversold |
KNOP's weekly RSI is 40 (neutral) and its Stochastic is 16 (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).
KNOP PE vs Industrials Sector
| Metric | KNOP | Sector median | Relative |
|---|---|---|---|
| PE | 22x | 24x | 10% below |
| PE % | 93 | 58 | 35 pts above |
KNOP is trading at 22x earnings, a 10% 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.
KNOP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.89 | 6.7% below |
| 20 week MA | $10.4 | 11% below |
| 50 week MA | $10.5 | 12% below |
| 100 week MA | $8.76 | 5.4% above |
| 200 week MA | $7.34 | 26% above |
KNOP has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 26% 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 KNOP on trend strength, trading above more of its moving averages.
KNOP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.7 | $14.9 | -24% |
| 2021 | $14.9 | $13.1 | -12% |
| 2022 | $13.1 | $9.46 | -28% |
| 2023 | $9.46 | $5.76 | -39% |
| 2024 | $5.76 | $5.37 | -6.8% |
| 2025 | $5.37 | $10.6 | +98% |
| 2026 YTD | $10.6 | $9.23 | -13% |
KNOP has finished lower in five of the last six years. It's down 13% 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 KNOP on returns for 2026, with the stronger performance.