MEC
Mayville Engineering Company, Inc.
MEC has lower modeled downside risk, despite its lower overall score.
RKLB
Rocket Lab USA, Inc.
RKLB has the edge over MEC overall, supported by stronger fundamentals and stronger modeled upside.
MEC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Under pressure |
MEC's revenue is currently healthy, but its profitability, cash flow and balance sheet are 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.
MEC PE Valuation
MEC has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 25x next year's earnings.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
MEC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect MEC to return to profit, with revenue growing. 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.
MEC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.56 | — |
| Q3 2026 | -$0.69 | -219% |
| Q2 2026 | -$0.84 | -199% |
| Q1 2026 | -$0.80 | -174% |
| Q4 2025 | -$0.40 | -132% |
| Q3 2025 | $0.58 | -1.7% |
| Q2 2025 | $0.85 | +63% |
| Q1 2025 | $1.08 | +157% |
| Q4 2024 | $1.24 | +226% |
MEC has swung to a loss: it lost $0.69 per share over the past year, after a profit the year before.
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 has the edge over MEC on earnings, with more consistent year-over-year improvement.
MEC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $170.4M | +18% |
| Q2 2026 | $163M | +23% |
| Q1 2026 | $144.8M | +6.8% |
| Q4 2025 | $134.3M | +11% |
| Q3 2025 | $144.3M | +6.6% |
| Q2 2025 | $132.3M | -19% |
| Q1 2025 | $135.6M | -16% |
| Q4 2024 | $121.3M | -18% |
MEC's revenue has grown year over year for five quarters in a row: $170M last quarter, up 18% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.5% | +2.5 points |
| Q2 2026 | 0.2% | +0.2 points |
| Q1 2026 | -5.3% | -6.5 points |
| Q4 2025 | -4.1% | -23 points |
| Q3 2025 | 0% | -4.2 points |
| Q2 2025 | 0.1% | -4.9 points |
| Q1 2025 | 1.2% | -3.6 points |
| Q4 2024 | 19% | +15 points |
MEC 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 MEC 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.
MEC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$3.4M | -$2.2M |
| Q2 2026 | -$6.6M | -153% |
| Q1 2026 | -$6.9M | -229% |
| Q4 2025 | $10.2M | -71% |
| Q3 2025 | -$1.1M | -108% |
| Q2 2025 | $12.5M | -35% |
| Q1 2025 | $5.4M | -32% |
| Q4 2024 | $35.6M | +79% |
MEC's free cash flow was −$7M over the past year, against $52M 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 the edge over MEC on cash flow, with more consistent year-over-year improvement.
MEC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +3.1M shares |
| 1 year | +25% | +5.1M shares |
| 3 years | +25% | +5.2M shares |
| 5 years | +23% | +4.9M shares |
| Available history | +31% | +6.1M shares |
MEC has 26M diluted shares, up 25% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $2.9M |
| Q1 2025 | $1.7M |
| Q4 2024 | $3.9M |
| Q3 2024 | $998,000 |
| Q4 2023 | — |
| Q3 2023 | $1M |
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 the edge over MEC on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
MEC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.6x | Elevated |
| Q2 2026 | 3.9x | Elevated |
| Q1 2026 | 7.1x | High |
| Q4 2025 | 5.4x | High |
| Q3 2025 | 3.3x | Elevated |
| Q2 2025 | 1.0x | Healthy |
| Q1 2025 | 1.0x | Healthy |
| Q4 2024 | 1.0x | Very low |
MEC's net debt is about 3.6 years of its operating earnings (EBITDA), up from 3.3 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.
MEC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.7 | Neutral |
| Stochastic | 10.3 | Oversold |
MEC's weekly RSI is 35 (neutral) and its Stochastic is 10 (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).
MEC PE vs Industrials Sector
| Metric | MEC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
MEC 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.
MEC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $14.7 | 4.7% below |
| 20 week MA | $20.8 | 33% below |
| 50 week MA | $21.8 | 36% below |
| 100 week MA | $18.4 | 24% below |
| 200 week MA | $16.5 | 15% below |
MEC is in a downtrend: it's below all five of its weekly moving averages, and 15% 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 MEC on trend strength, trading above more of its moving averages.
MEC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.90 | $12.8 | +29% |
| 2021 | $12.8 | $14.4 | +12% |
| 2022 | $14.4 | $13.0 | -9.9% |
| 2023 | $13.0 | $14.4 | +11% |
| 2024 | $14.4 | $15.7 | +8.8% |
| 2025 | $15.7 | $19.1 | +22% |
| 2026 YTD | $19.1 | $14.0 | -27% |
MEC has finished higher in five of the last six years. It's down 27% 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 MEC on returns for 2026, with the stronger performance.