ONT
Onterris, Inc.
ONT has slightly lower modeled downside risk, despite its lower overall score.
RKLB
Rocket Lab USA, Inc.
RKLB has a slight edge over ONT overall, supported by stronger fundamentals and stronger modeled upside.
ONT Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Stable | |
| Stable | |
| Weak |
ONT's profitability and cash flow are currently stable, but its revenue 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.
ONT PE Valuation
ONT 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.
ONT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect ONT's losses to shrink, with revenue holding steady. However, they disagree widely on these estimates.
RKLB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
RKLB has the edge over ONT on the outlook, with more favorable revenue expectations.
ONT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.20 | +$0.72 |
| Q2 2026 | -$0.23 | +$1.29 |
| Q1 2026 | $0.15 | +$2.48 |
| Q4 2025 | -$0.14 | +$2.08 |
| Q3 2023 | -$1.90 | -$0.62 |
| Q2 2023 | -$1.84 | -$0.82 |
| Q1 2023 | -$1.86 | -$0.53 |
| Q4 2022 | -$1.62 | -$0.06 |
ONT is still losing money, but far less than before: $0.20 per share over the past year, against $5.55 at its worst in late 2020.
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.
ONT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $203M | -9.7% |
| Q2 2026 | $186.7M | -20% |
| Q1 2026 | $168.5M | -5.2% |
| Q4 2025 | $193.3M | +2.2% |
| Q3 2025 | $224.9M | +26% |
| Q2 2025 | $234.5M | +35% |
| Q1 2025 | $177.8M | +14% |
| Q4 2024 | $189.1M | +14% |
ONT's revenue is shrinking: $203M last quarter, down 9.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6% | +1.6 points |
| Q2 2026 | 3.5% | -2.9 points |
| Q1 2026 | -3.6% | +2.4 points |
| Q4 2025 | -1.3% | +11 points |
| Q3 2025 | 4.4% | +5.1 points |
| Q2 2025 | 6.4% | +7.9 points |
| Q1 2025 | -6% | +0.5 points |
| Q4 2024 | -12% | -6.7 points |
ONT 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 ONT 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.
ONT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $40M | +79% |
| Q2 2026 | $499K | -97% |
| Q1 2026 | -$17.3M | -836% |
| Q4 2025 | $46.5M | +57% |
| Q3 2025 | $22.3M | +118% |
| Q2 2025 | $19.9M | +$31M |
| Q1 2025 | $2.4M | +$30.4M |
| Q4 2024 | $29.7M | +199% |
ONT 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.
ONT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.8% | -681K shares |
| 1 year | -4.8% | -1.9M shares |
| 3 years | +26% | +7.9M shares |
| 5 years | +45% | +11.8M shares |
| Available history | +82% | +17.1M shares |
ONT has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $20M |
| Q1 2026 | $10M |
| Q1 2020 | — |
| Q4 2019 | — |
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 | — |
ONT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.0x | High |
| Q2 2026 | 5.8x | High |
| Q1 2026 | 4.7x | High |
| Q4 2025 | 4.4x | High |
| Q3 2025 | 6.7x | High |
| Q2 2025 | 7.5x | High |
| Q1 2025 | 12.3x | High |
| Q4 2024 | 13.1x | High |
ONT's net debt is about 5.0 years of its operating earnings (EBITDA), down from 6.7 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.
ONT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.6 | Neutral |
| Stochastic | 67.5 | Neutral |
ONT's weekly RSI is 62 (neutral) and its Stochastic is 67 (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).
ONT PE vs Industrials Sector
| Metric | ONT | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
ONT 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.
ONT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $16.2 | 43% above |
| 20 week MA | $17.7 | 30% above |
| 50 week MA | $20.3 | 14% above |
| 100 week MA | $21.1 | 9.2% above |
| 200 week MA | $28.0 | 18% below |
ONT has the edge over RKLB on trend strength, trading above more of its moving averages.
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.
ONT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $22.4 | $32.1 | +43% |
| 2021 | $32.1 | $71.6 | +123% |
| 2022 | $71.6 | $43.5 | -39% |
| 2023 | $43.5 | $32.1 | -26% |
| 2024 | $32.1 | $17.5 | -46% |
| 2025 | $17.5 | $26.0 | +49% |
| 2026 YTD | $26.0 | $23.1 | -11% |
ONT's yearly returns have swung widely, from +123% in 2021 to −46% in 2024. It's down 11% 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 ONT on returns for 2026, with the stronger performance.