MDU
MDU Resources Group, Inc.
MDU has lower modeled downside risk, despite its lower overall score.
RKLB
Rocket Lab USA, Inc.
RKLB has the edge over MDU overall, supported by stronger valuation and stronger modeled upside.
MDU Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Weak | |
| Weak |
MDU's profitability is currently healthy, and its revenue is stable, but its cash flow and balance sheet are 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.
MDU PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $10.38 | -47% |
| Fair | 15x | $13.52 | -31% |
| Expensive | 19x | $17.53 | -10% |
| Forward | 19x | $19.55 | — |
| Current | 21x | $19.55 | — |
Historical ranges are pointers, not guarantees.
MDU's PE is in its expensive range at 21x. If earnings grow as analysts expect, today's price would be 19x next year's earnings.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
MDU Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| High |
Analysts expect MDU'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 MDU on the outlook, with more favorable revenue and profitability expectations.
MDU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.03 | +11% |
| Q3 2026 | $0.93 | +13% |
| Q2 2026 | $0.95 | -9.5% |
| Q1 2026 | $0.92 | -28% |
| Q4 2025 | $0.93 | -32% |
| Q3 2025 | $0.82 | -58% |
| Q2 2025 | $1.05 | -47% |
| Q1 2025 | $1.28 | -45% |
| Q4 2024 | $1.37 | -33% |
MDU 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.
MDU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $347.7M | +10% |
| Q2 2026 | $375.3M | +6.9% |
| Q1 2026 | $606M | -10% |
| Q4 2025 | $534M | -0.3% |
| Q3 2025 | $315M | -70% |
| Q2 2025 | $351.2M | -66% |
| Q1 2025 | $674.8M | -44% |
| Q4 2024 | $535.5M | -53% |
MDU's revenue is recovering but still below its 2022 peak: $348M last quarter, up 10% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | +1 points |
| Q2 2026 | 13% | +4.1 points |
| Q1 2026 | 19% | +2.4 points |
| Q4 2025 | 20% | +2.4 points |
| Q3 2025 | 13% | +4 points |
| Q2 2025 | 8.6% | +0.1 points |
| Q1 2025 | 17% | +5.5 points |
| Q4 2024 | 18% | +5.3 points |
MDU 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 MDU 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.
MDU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$56.3M | +$65.6M |
| Q2 2026 | $15M | -59% |
| Q1 2026 | $56.8M | -54% |
| Q4 2025 | -$336M | -$274.7M |
| Q3 2025 | -$121.9M | -$104.6M |
| Q2 2025 | $36.5M | +90% |
| Q1 2025 | $124.4M | +220% |
| Q4 2024 | -$61.3M | -815% |
MDU's free cash flow was −$320M over the past year, against −$22M 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.
MDU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +1M shares |
| 1 year | +3.6% | +7.4M shares |
| 3 years | +4.3% | +8.8M shares |
| 5 years | +4.7% | +9.5M shares |
| Available history | +6.1% | +12.2M shares |
MDU has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2024 | $50,000 |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | $4.8M |
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 | — |
MDU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.8x | High |
| Q2 2026 | 4.8x | High |
| Q1 2026 | 5.1x | High |
| Q4 2025 | 5.3x | High |
| Q3 2025 | 4.6x | High |
| Q2 2025 | 3.9x | Elevated |
| Q1 2025 | 3.5x | Elevated |
| Q4 2024 | 3.5x | Elevated |
MDU's net debt is about 4.8 years of its operating earnings (EBITDA), up from 4.6 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.
MDU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.9 | Neutral |
| Stochastic | 39.8 | Neutral |
MDU's weekly RSI is 48 (neutral) and its Stochastic is 40 (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).
MDU PE vs Industrials Sector
| Metric | MDU | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 24x | 13% below |
| PE % | 89 | 58 | 31 pts above |
MDU is trading at 21x earnings, a 13% 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.
MDU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $19.0 | 2.7% above |
| 20 week MA | $19.7 | 0.9% below |
| 50 week MA | $20.4 | 4.3% below |
| 100 week MA | $19.0 | 3.1% above |
| 200 week MA | $15.8 | 23% above |
MDU's trend is mixed: it's above three of its five weekly moving averages, and 23% 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.
MDU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $11.2 | $9.78 | -12% |
| 2021 | $9.78 | $11.2 | +15% |
| 2022 | $11.2 | $11.6 | +3.1% |
| 2023 | $11.6 | $11.0 | -5.1% |
| 2024 | $11.0 | $18.2 | +66% |
| 2025 | $18.2 | $19.7 | +8.1% |
| 2026 YTD | $19.7 | $19.6 | -0.7% |
MDU 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.