MAGN
Magnera Corp.
MAGN 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.
MAGN Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Healthy | |
| Weak |
MAGN's cash flow is currently healthy, and its revenue and profitability are stable, but its balance sheet 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.
MAGN PE Valuation
MAGN has no meaningful PE right now: it lost money over the past year.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
MAGN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Stable | |
| Limited | |
| High |
Analysts expect MAGN's earnings to grow, with its revenue and profitability holding steady.
RKLB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
RKLB has the edge over MAGN on the outlook, with more favorable revenue and profitability expectations.
MAGN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.21 | — |
| Q2 2026 | -$3.13 | +$4.51 |
| Q1 2026 | -$3.08 | +$8.86 |
| Q4 2025 | -$3.73 | +$14.60 |
| Q3 2025 | -$4.47 | +$14.64 |
| Q2 2025 | -$7.64 | +$12.77 |
| Q1 2025 | -$11.94 | +$14.45 |
| Q4 2024 | -$18.33 | +$4.42 |
| Q3 2024 | -$19.11 | +$11.12 |
MAGN has the edge over RKLB on earnings, with more consistent year-over-year improvement.
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.
MAGN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $857M | +2.1% |
| Q1 2026 | $796M | -3.4% |
| Q4 2025 | $792M | +13% |
| Q3 2025 | $839M | +153% |
| Q2 2025 | $839M | +155% |
| Q1 2025 | $824M | +152% |
| Q4 2024 | $702M | +119% |
| Q3 2024 | $332.1M | +0.7% |
MAGN's revenue is growing: $857M last quarter, up 2.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 2.6% | +1 points |
| Q1 2026 | 2.1% | +1.7 points |
| Q4 2025 | 1.8% | +4.9 points |
| Q3 2025 | 1.2% | +0.3 points |
| Q2 2025 | 1.6% | -0.7 points |
| Q1 2025 | 0.5% | +1 points |
| Q4 2024 | -3.1% | -4.5 points |
| Q3 2024 | 0.9% | +0.1 points |
MAGN 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's revenue has grown year over year every quarter since late 2021: $268M last quarter, up 73% from the same quarter a year ago.
| 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.
MAGN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$28M | -$15M |
| Q1 2026 | $73M | +74% |
| Q4 2025 | -$13M | +$61M |
| Q3 2025 | $81M | +2130% |
| Q2 2025 | -$13M | -279% |
| Q1 2025 | $42M | +$83M |
| Q4 2024 | -$74M | -1049% |
| Q3 2024 | $3.6M | +10% |
MAGN 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.
MAGN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +0.8% | +300K shares |
| 3 years | +936% | +32.4M shares |
| 5 years | +940% | +32.4M shares |
| Available history | +950% | +32.5M shares |
MAGN has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2022 | — |
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 | — |
MAGN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 6.5x | High |
| Q1 2026 | 6.4x | High |
| Q4 2025 | 6.9x | High |
| Q3 2025 | 7.8x | High |
| Q2 2025 | 9.4x | High |
| Q1 2025 | 12.8x | High |
| Q4 2024 | 20.5x | High |
| Q3 2024 | 11.1x | High |
MAGN's net debt is about 6.5 years of its operating earnings (EBITDA), down from 9.4 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.
MAGN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.7 | Neutral |
| Stochastic | 58.2 | Neutral |
MAGN's weekly RSI is 57 (neutral) and its Stochastic is 58 (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).
MAGN PE vs Industrials Sector
| Metric | MAGN | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
MAGN has no meaningful PE right now: it lost money over the past year.
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
MAGN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $11.9 | 8.8% above |
| 20 week MA | $12.4 | 4.9% above |
| 50 week MA | $12.3 | 5.4% above |
| 100 week MA | $13.4 | 2.8% below |
| 200 week MA | $21.1 | 39% below |
MAGN has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 39% 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's trend is mixed: it's above three of its five weekly moving averages, and 104% above its 200-week average.
MAGN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $237.3 | $218.9 | -7.7% |
| 2021 | $218.9 | $220.7 | +0.8% |
| 2022 | $220.7 | $37.2 | -83% |
| 2023 | $37.2 | $25.2 | -32% |
| 2024 | $25.2 | $18.3 | -27% |
| 2025 | $18.3 | $15.1 | -18% |
| 2026 YTD | $15.1 | $13.0 | -14% |
MAGN has finished four years in a row lower, and it's down 14% 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 MAGN on returns for 2026, with the stronger performance.