NWPX
NWPX Infrastructure, Inc.
NWPX has the edge over RKLB overall, supported by lower modeled downside and stronger fundamentals.
RKLB
Rocket Lab USA, Inc.
RKLB offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
NWPX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Unavailable |
NWPX's revenue, profitability and cash flow are currently healthy. There isn't enough data to rate its balance sheet.
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.
NWPX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $58.21 | -36% |
| Fair | 15x | $82.70 | -9.4% |
| Current | 17x | $91.29 | — |
| Forward | 18x | $91.29 | — |
| Expensive | 20x | $111 | +22% |
Historical ranges are pointers, not guarantees.
NWPX's PE is in its fair range at 17x. On analysts' estimates for next year's earnings, today's price would be 18x, in its expensive range.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
NWPX Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for NWPX, 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.
NWPX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.99 | -8.2% |
| Q3 2026 | $5.44 | +48% |
| Q2 2026 | $4.96 | +49% |
| Q1 2026 | $4.25 | +30% |
| Q4 2025 | $3.56 | +4.7% |
| Q3 2025 | $3.68 | +25% |
| Q2 2025 | $3.32 | +33% |
| Q1 2025 | $3.27 | +37% |
| Q4 2024 | $3.40 | +63% |
NWPX 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.
NWPX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $179.4M | +19% |
| Q2 2026 | $159.5M | +20% |
| Q1 2026 | $138.3M | +19% |
| Q4 2025 | $125.6M | +5% |
| Q3 2025 | $151.1M | +16% |
| Q2 2025 | $133.2M | +2.8% |
| Q1 2025 | $116.1M | +2.6% |
| Q4 2024 | $119.6M | +8.6% |
NWPX's revenue has grown year over year for 12 quarters in a row: $179M last quarter, up 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | +1 points |
| Q2 2026 | 13% | +3.3 points |
| Q1 2026 | 9.2% | +4.4 points |
| Q4 2025 | 10% | +1.6 points |
| Q3 2025 | 13% | +0.7 points |
| Q2 2025 | 9.9% | -0.6 points |
| Q1 2025 | 4.8% | -2.9 points |
| Q4 2024 | 8.8% | +0.9 points |
NWPX 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 NWPX 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.
NWPX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $20.4M | +54% |
| Q2 2026 | $9.9M | +411% |
| Q1 2026 | $25.8M | +2090% |
| Q4 2025 | $30.8M | -3.5% |
| Q3 2025 | $13.2M | -21% |
| Q2 2025 | $1.9M | -88% |
| Q1 2025 | $1.2M | +$31.8M |
| Q4 2024 | $31.9M | +699% |
NWPX 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.
NWPX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +14K shares |
| 1 year | -0.1% | -8K shares |
| 3 years | -3% | -302K shares |
| 5 years | -1.2% | -116K shares |
| Available history | +0.3% | +26K shares |
NWPX has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.2M |
| Q2 2026 | $306,000 |
| Q1 2026 | $2.4M |
| Q4 2025 | $2.7M |
| Q3 2025 | $8.2M |
| Q2 2025 | $7.5M |
| Q1 2025 | — |
| Q4 2024 | — |
NWPX spent $7M buying back its own shares over the past year, down 58% 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 | — |
NWPX Net Leverage
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
NWPX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.4 | Neutral |
| Stochastic | 14.5 | Oversold |
NWPX's weekly RSI is 39 (neutral) and its Stochastic is 15 (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).
NWPX PE vs Industrials Sector
| Metric | NWPX | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 24x | 30% below |
| PE % | 64 | 58 | 6 pts above |
NWPX is trading at 17x earnings, a 30% 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.
NWPX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $97.7 | 6.6% below |
| 20 week MA | $110.7 | 18% below |
| 50 week MA | $96.4 | 5.3% below |
| 100 week MA | $71.6 | 27% above |
| 200 week MA | $53.1 | 72% above |
NWPX has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 72% 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 has the edge over NWPX on trend strength, trading above more of its moving averages.
NWPX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $33.1 | $27.9 | -16% |
| 2021 | $27.9 | $30.2 | +8.2% |
| 2022 | $30.2 | $34.3 | +14% |
| 2023 | $34.3 | $30.3 | -12% |
| 2024 | $30.3 | $48.8 | +61% |
| 2025 | $48.8 | $64.1 | +31% |
| 2026 YTD | $64.1 | $91.3 | +43% |
NWPX 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.