LTM
LATAM Airlines Group S.A.
LTM has a slight edge over RKLB overall, supported by lower modeled downside and stronger fundamentals.
RKLB
Rocket Lab USA, Inc.
RKLB offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
LTM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Stable |
LTM's revenue, profitability and cash flow are currently healthy, and its balance sheet 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.
LTM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.1x | $47.52 | +0.2% |
| Current | 9.1x | $47.41 | — |
| Fair | 11x | $58.88 | +24% |
| Expensive | 14x | $71.08 | +50% |
Historical ranges are pointers, not guarantees.
LTM's PE is 9.1x, but its earnings don't support one, so it isn't a reliable read right now.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
LTM Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for LTM, with profitability improving. However, they disagree widely on these estimates.
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.
LTM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $5.20 | +30% |
| Q1 2026 | $5.60 | +52% |
| Q4 2025 | $4.80 | +46% |
| Q3 2025 | $4.20 | +84% |
| Q2 2025 | $4.00 | +95% |
| Q1 2025 | $3.68 | +80% |
| Q4 2024 | $3.28 | +99% |
| Q3 2024 | $2.28 | -77% |
LTM 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.
LTM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $4.1B | +27% |
| Q1 2026 | $4.1B | +22% |
| Q4 2025 | $3.9B | +16% |
| Q3 2025 | $3.8B | +17% |
| Q2 2025 | $3.3B | +7.4% |
| Q1 2025 | $3.3B | +2.5% |
| Q4 2024 | $3.3B | +3.9% |
| Q3 2024 | $3.2B | +7.3% |
LTM's revenue has grown year over year for 21 quarters in a row: $4.1B last quarter, up 27% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 5.5% | -7.4 points |
| Q1 2026 | 20% | +3.4 points |
| Q4 2025 | 17% | +3.9 points |
| Q3 2025 | 18% | +4.8 points |
| Q2 2025 | 13% | +3.9 points |
| Q1 2025 | 17% | +4.6 points |
| Q4 2024 | 14% | +4.7 points |
| Q3 2024 | 13% | +2.7 points |
LTM 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 LTM 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.
LTM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $218.9M | +81% |
| Q1 2026 | $588.1M | +108% |
| Q4 2025 | $571.3M | +28% |
| Q3 2025 | $546.8M | +43% |
| Q2 2025 | $120.8M | -78% |
| Q1 2025 | $283M | -20% |
| Q4 2024 | $445.6M | +36% |
| Q3 2024 | $383.1M | -1.2% |
LTM 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.
LTM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -1.4K shares |
| 1 year | -4% | -11.9M shares |
| 3 years | -5% | -15.1M shares |
LTM has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $2.1M |
| Q3 2025 | $429.4M |
| Q2 2025 | $152.4M |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
LTM spent $432M buying back its own shares over the past year, up 183% 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 | — |
LTM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 1.9x | Healthy |
| Q1 2026 | 1.4x | Healthy |
| Q4 2025 | 1.6x | Healthy |
| Q3 2025 | 1.5x | Healthy |
| Q2 2025 | 1.5x | Healthy |
| Q1 2025 | 1.5x | Healthy |
| Q4 2024 | 1.5x | Healthy |
| Q3 2024 | 1.9x | Healthy |
LTM's net debt is about 1.9 years of its operating earnings (EBITDA), up 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.
LTM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.8 | Neutral |
| Stochastic | 27.2 | Neutral |
LTM's weekly RSI is 46 (neutral) and its Stochastic is 27 (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).
LTM PE vs Industrials Sector
| Metric | LTM | Sector median | Relative |
|---|---|---|---|
| PE | 9.1x | 24x | 62% below |
| PE % | 12 | 38 | 26 pts below |
LTM is trading at 9.1x earnings, a 62% discount to the Industrials sector's median of 24x, though its earnings don't support one.
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
LTM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $47.7 | 0.7% below |
| 20 week MA | $50.8 | 6.7% below |
| 50 week MA | $52.7 | 10% below |
| 100 week MA | $45.2 | 4.9% above |
RKLB has stronger trend alignment. LTM is above 1 of 4 weekly averages versus RKLB above 3 of 5.
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.
LTM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $25.3 | $27.5 | +8.8% |
| 2025 | $27.5 | $54.0 | +97% |
| 2026 YTD | $54.0 | $47.4 | -12% |
LTM has finished every year since 2024 higher, and it's down 12% 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 LTM on returns for 2026, with the stronger performance.