LSTR
Landstar System, Inc.
LSTR has the edge over RKLB overall, supported by lower modeled downside and stronger modeled upside.
RKLB
Rocket Lab USA, Inc.
RKLB offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
LSTR Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Under pressure | |
| Strong |
LSTR's revenue, profitability and balance sheet are currently healthy, but its cash flow 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.
LSTR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $73.63 | -50% |
| Forward | 20x | $148 | — |
| Fair | 26x | $122 | -18% |
| Current | 31x | $148 | — |
| Expensive | 32x | $152 | +2.6% |
Historical ranges are pointers, not guarantees.
LSTR's PE is in its expensive range at 31x. If earnings grow as analysts expect, today's price would be 20x next year's earnings, in its fair range.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
LSTR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for LSTR, with profitability holding steady. However, they disagree widely on these estimates.
RKLB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
RKLB has the edge over LSTR on the outlook, with more favorable profitability expectations.
LSTR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.23 | +53% |
| Q3 2026 | $4.72 | +21% |
| Q2 2026 | $3.86 | -19% |
| Q1 2026 | $3.62 | -28% |
| Q4 2025 | $3.31 | -40% |
| Q3 2025 | $3.91 | -33% |
| Q2 2025 | $4.76 | -22% |
| Q1 2025 | $5.04 | -23% |
| Q4 2024 | $5.51 | -25% |
LSTR 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.
LSTR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.5B | +25% |
| Q2 2026 | $1.4B | +18% |
| Q1 2026 | $1.2B | +1.6% |
| Q4 2025 | $1.2B | -2.9% |
| Q3 2025 | $1.2B | -0.7% |
| Q2 2025 | $1.2B | -1.1% |
| Q1 2025 | $1.2B | -1.6% |
| Q4 2024 | $1.2B | +0.4% |
LSTR's revenue is recovering but still below its 2022 peak: $1.5B last quarter, up 25% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.3% | +2.2 points |
| Q2 2026 | 4.6% | 0 points |
| Q1 2026 | 4.5% | +1.1 points |
| Q4 2025 | 2.5% | -2.3 points |
| Q3 2025 | 2.2% | -3 points |
| Q2 2025 | 4.7% | -0.9 points |
| Q1 2025 | 3.4% | -1.7 points |
| Q4 2024 | 4.8% | -1.4 points |
LSTR 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 LSTR 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.
LSTR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $68M | -21% |
| Q2 2026 | -$53.3M | -1245% |
| Q1 2026 | $72.4M | +35% |
| Q4 2025 | $70.5M | +30% |
| Q3 2025 | $86M | +14% |
| Q2 2025 | $4.7M | -89% |
| Q1 2025 | $53.8M | -37% |
| Q4 2024 | $54.4M | -32% |
LSTR 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.
LSTR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -64K shares |
| 1 year | -2.1% | -710K shares |
| 3 years | -5.8% | -2.1M shares |
| 5 years | -11% | -4.3M shares |
| Available history | -15% | -5.9M shares |
LSTR has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $41M |
| Q2 2026 | $1.8M |
| Q1 2026 | $22.4M |
| Q4 2025 | $36.6M |
| Q3 2025 | $40.9M |
| Q2 2025 | $41.9M |
| Q1 2025 | $60.4M |
| Q4 2024 | $2.7M |
LSTR spent $102M buying back its own shares over the past year, down 30% 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 | — |
LSTR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.2x | Net Cash |
| Q2 2026 | -1.4x | Net Cash |
| Q1 2026 | -1.7x | Net Cash |
| Q4 2025 | -2.0x | Net Cash |
| Q3 2025 | -1.6x | Net Cash |
| Q2 2025 | -1.3x | Net Cash |
| Q1 2025 | -1.5x | Net Cash |
| Q4 2024 | -1.7x | Net Cash |
LSTR 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.
LSTR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.0 | Neutral |
| Stochastic | 13.1 | Oversold |
LSTR's weekly RSI is 37 (neutral) and its Stochastic is 13 (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).
LSTR PE vs Industrials Sector
| Metric | LSTR | Sector median | Relative |
|---|---|---|---|
| PE | 31x | 24x | 30% above |
| PE % | 82 | 58 | 24 pts above |
LSTR is trading at 31x earnings, a 30% 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.
LSTR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $159.7 | 7.3% below |
| 20 week MA | $177.1 | 16% below |
| 50 week MA | $171.9 | 14% below |
| 100 week MA | $157.1 | 5.8% below |
| 200 week MA | $170.3 | 13% below |
LSTR is in a downtrend: it's below all five of its weekly moving averages, and 13% 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 LSTR on trend strength, trading above more of its moving averages.
LSTR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $113.2 | $135.4 | +20% |
| 2021 | $135.4 | $172.2 | +27% |
| 2022 | $172.2 | $166.5 | -3.4% |
| 2023 | $166.5 | $193.7 | +16% |
| 2024 | $193.7 | $174.3 | -10% |
| 2025 | $174.3 | $146.0 | -16% |
| 2026 YTD | $146.0 | $148.0 | +1.4% |
LSTR 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.