KTOS
Kratos Defense & Security Solutions, Inc.
KTOS has the edge over RKLB overall, supported by lower modeled downside and stronger valuation.
RKLB
Rocket Lab USA, Inc.
RKLB offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
KTOS Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Weak | |
| Strong |
KTOS's revenue and balance sheet are currently strong, and its profitability is stable, but its cash flow is weak.
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.
KTOS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 42x | $5.00 | -86% |
| Current | 290x | $34.75 | — |
| Fair | 291x | $34.94 | +0.5% |
| Expensive | 584x | $70.12 | +102% |
Historical ranges are pointers, not guarantees.
KTOS's PE is in its fair range at 290x.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
KTOS Forward outlook
There aren't enough analyst estimates for KTOS 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.
KTOS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.12 | -7.7% |
| Q2 2026 | $0.17 | +70% |
| Q1 2026 | $0.17 | +31% |
| Q4 2025 | $0.13 | +18% |
| Q3 2025 | $0.13 | +44% |
| Q2 2025 | $0.10 | +67% |
| Q1 2025 | $0.13 | +$0.14 |
| Q4 2024 | $0.11 | +$0.18 |
KTOS 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.
KTOS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $471.8M | +36% |
| Q2 2026 | $458.8M | +31% |
| Q1 2026 | $371M | +23% |
| Q4 2025 | $345.1M | +22% |
| Q3 2025 | $347.6M | +26% |
| Q2 2025 | $351.5M | +17% |
| Q1 2025 | $302.6M | +9.2% |
| Q4 2024 | $283.1M | +3.4% |
KTOS's revenue has grown year over year for 20 quarters in a row: $472M last quarter, up 36% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -1% | -3.1 points |
| Q2 2026 | -0.3% | -1.4 points |
| Q1 2026 | 1.3% | -0.9 points |
| Q4 2025 | 2.4% | +1.3 points |
| Q3 2025 | 2% | -0.3 points |
| Q2 2025 | 1.1% | -3.1 points |
| Q1 2025 | 2.2% | -0.3 points |
| Q4 2024 | 1.1% | -3.2 points |
KTOS 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 KTOS 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.
KTOS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$35.4M | +$5.9M |
| Q2 2026 | -$28.2M | +$4M |
| Q1 2026 | -$47.3M | +$4.5M |
| Q4 2025 | -$12.1M | -138% |
| Q3 2025 | -$41.3M | -$32.1M |
| Q2 2025 | -$32.2M | -$16.8M |
| Q1 2025 | -$51.8M | -$35.9M |
| Q4 2024 | $32M | -33% |
KTOS has burned cash in most quarters: −$123M over the past year, against −$93M the year before.
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.
KTOS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.7% | -1.3M shares |
| 1 year | +9.2% | +15.9M shares |
| 3 years | +46% | +59.2M shares |
| 5 years | +51% | +63.9M shares |
| Available history | +73% | +79.6M shares |
KTOS has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
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 | — |
KTOS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -16.9x | Net Cash |
| Q2 2026 | -17.5x | Net Cash |
| Q1 2026 | -19.0x | Net Cash |
| Q4 2025 | -7.7x | Net Cash |
| Q3 2025 | -8.7x | Net Cash |
| Q2 2025 | -9.8x | Net Cash |
| Q1 2025 | -1.3x | Net Cash |
| Q4 2024 | -2.2x | Net Cash |
KTOS 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.
KTOS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.0 | Neutral |
| Stochastic | 11.4 | Oversold |
KTOS's weekly RSI is 34 (neutral) and its Stochastic is 11 (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).
KTOS PE vs Industrials Sector
| Metric | KTOS | Sector median | Relative |
|---|---|---|---|
| PE | 290x | 24x | 1,103% above |
| PE % | 49 | 58 | 9 pts below |
KTOS is trading at 290x earnings, a 1103% 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.
KTOS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $40.1 | 13% below |
| 20 week MA | $47.1 | 26% below |
| 50 week MA | $65.2 | 47% below |
| 100 week MA | $57.7 | 40% below |
| 200 week MA | $37.8 | 8.2% below |
KTOS is in a downtrend: it's below all five of its weekly moving averages, and 8.2% 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 KTOS on trend strength, trading above more of its moving averages.
KTOS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $17.8 | $26.4 | +49% |
| 2021 | $26.4 | $19.8 | -25% |
| 2022 | $19.8 | $9.44 | -52% |
| 2023 | $9.44 | $20.3 | +115% |
| 2024 | $20.3 | $26.5 | +31% |
| 2025 | $26.5 | $77.7 | +193% |
| 2026 YTD | $77.7 | $34.8 | -55% |
KTOS's yearly returns have swung widely, from +193% in 2025 to −52% in 2022. It's down 55% 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 KTOS on returns for 2026, with the stronger performance.