MATX
Matson, Inc.
MATX 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.
MATX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Strong |
MATX's revenue, profitability, cash flow and balance sheet are all currently healthy.
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.
MATX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 3.9x | $67.66 | -68% |
| Fair | 11x | $187 | -12% |
| Forward | 11x | $213 | — |
| Current | 12x | $213 | — |
| Expensive | 16x | $279 | +31% |
Historical ranges are pointers, not guarantees.
MATX's PE is in its fair range at 12x. If earnings grow as analysts expect, today's price would be 11x next year's earnings.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
MATX Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for MATX, with profitability improving.
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.
MATX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $19.39 | +10% |
| Q3 2026 | $17.55 | +35% |
| Q2 2026 | $14.83 | +1% |
| Q1 2026 | $13.48 | -11% |
| Q4 2025 | $13.81 | -0.9% |
| Q3 2025 | $13.03 | +8.9% |
| Q2 2025 | $14.68 | +55% |
| Q1 2025 | $15.07 | +79% |
| Q4 2024 | $13.93 | +67% |
MATX 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.
MATX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.1B | +27% |
| Q2 2026 | $969.4M | +17% |
| Q1 2026 | $757.8M | -3.1% |
| Q4 2025 | $851.9M | -4.3% |
| Q3 2025 | $880.1M | -8.5% |
| Q2 2025 | $830.5M | -2% |
| Q1 2025 | $782M | +8.3% |
| Q4 2024 | $890.3M | +13% |
MATX's revenue is growing: $1.1B last quarter, up 27% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +4.6 points |
| Q2 2026 | 16% | +2.8 points |
| Q1 2026 | 8.1% | -2.4 points |
| Q4 2025 | 17% | +0.3 points |
| Q3 2025 | 18% | -6.9 points |
| Q2 2025 | 14% | -1.1 points |
| Q1 2025 | 11% | +5.4 points |
| Q4 2024 | 17% | +7 points |
MATX 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 MATX 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.
MATX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $229M | +148% |
| Q2 2026 | $137.6M | +613% |
| Q1 2026 | $45.7M | +$45.9M |
| Q3 2025 | $92.4M | -63% |
| Q2 2025 | $19.3M | -94% |
| Q1 2025 | -$200K | -101% |
| Q3 2024 | $248.6M | +63% |
| Q2 2024 | $307.9M | +106% |
MATX 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.
MATX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.7% | -200K shares |
| 1 year | -5.3% | -1.7M shares |
| 3 years | -15% | -5.2M shares |
| 5 years | -31% | -13.3M shares |
| Available history | -30% | -13.2M shares |
MATX has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $60.3M |
| Q2 2026 | $67M |
| Q1 2026 | $52.8M |
| Q4 2025 | $77.5M |
| Q3 2025 | $65.4M |
| Q2 2025 | $93.5M |
| Q1 2025 | $66.9M |
| Q4 2024 | $31.7M |
MATX spent $258M buying back its own shares over the past year, about the same as 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 | — |
MATX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2021 | 0.7x | Very low |
| Q2 2021 | 1.0x | Healthy |
| Q1 2021 | 1.4x | Healthy |
| Q4 2020 | 2.0x | Moderate |
| Q3 2020 | 2.8x | Moderate |
| Q2 2020 | 3.6x | Elevated |
| Q1 2020 | 4.2x | High |
| Q4 2019 | 4.3x | High |
MATX's net debt is less than a year of its operating earnings (EBITDA), down from 2.8 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.
MATX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.3 | Neutral |
| Stochastic | 38.4 | Neutral |
MATX's weekly RSI is 52 (neutral) and its Stochastic is 38 (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).
MATX PE vs Industrials Sector
| Metric | MATX | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 24x | 50% below |
| PE % | 56 | 58 | 2 pts below |
MATX is trading at 12x earnings, a 50% 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.
MATX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $224.2 | 5.2% below |
| 20 week MA | $219.9 | 3.3% below |
| 50 week MA | $184.8 | 15% above |
| 100 week MA | $150.0 | 42% above |
| 200 week MA | $126.7 | 68% above |
MATX has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 68% 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's trend is mixed: it's above three of its five weekly moving averages, and 104% above its 200-week average.
MATX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $41.1 | $57.3 | +39% |
| 2021 | $57.3 | $83.7 | +46% |
| 2022 | $83.7 | $64.5 | -23% |
| 2023 | $64.5 | $109.6 | +70% |
| 2024 | $109.6 | $136.5 | +25% |
| 2025 | $136.5 | $125.0 | -8.4% |
| 2026 YTD | $125.0 | $212.6 | +70% |
MATX 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.