PBI
Pitney Bowes Inc.
PBI has the edge over RKLB overall, supported by lower modeled downside and stronger valuation.
RKLB
Rocket Lab USA, Inc.
RKLB offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
PBI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Weak |
PBI's profitability and cash flow are currently strong, and its revenue is stable, but its balance sheet is 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.
PBI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 9.7x | $15.64 | — |
| Current | 12x | $15.64 | — |
| Cheap | 13x | $16.34 | +4.5% |
| Fair | 17x | $22.35 | +43% |
| Expensive | 65x | $84.89 | +443% |
Historical ranges are pointers, not guarantees.
PBI's PE is in its cheap range at 12x. If earnings grow as analysts expect, today's price would be 9.7x next year's earnings.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
PBI Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect PBI's earnings to grow and its profitability to improve, with its revenue holding steady.
RKLB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
RKLB has the edge over PBI on the outlook, with more favorable revenue expectations.
PBI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.61 | +24% |
| Q3 2026 | $1.30 | +189% |
| Q2 2026 | $1.23 | +$1.83 |
| Q1 2026 | $1.04 | +$1.95 |
| Q4 2025 | $0.84 | +$1.96 |
| Q3 2025 | $0.45 | +$2.64 |
| Q2 2025 | -$0.60 | +$0.91 |
| Q1 2025 | -$0.91 | +$1.27 |
| Q4 2024 | -$1.12 | +$1.08 |
PBI 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.
PBI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $456.2M | -0.8% |
| Q2 2026 | $451.5M | -2.3% |
| Q1 2026 | $477.4M | -3.2% |
| Q4 2025 | $477.6M | -7.5% |
| Q3 2025 | $459.7M | -8% |
| Q2 2025 | $461.9M | -42% |
| Q1 2025 | $493.4M | -41% |
| Q4 2024 | $516.1M | -41% |
PBI's revenue fell from its 2020 peak and has held roughly level since: $456M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | +0.5 points |
| Q2 2026 | 15% | +6 points |
| Q1 2026 | 17% | +7.4 points |
| Q4 2025 | 8% | +17 points |
| Q3 2025 | 15% | +24 points |
| Q2 2025 | 8.5% | +13 points |
| Q1 2025 | 9.5% | +8.3 points |
| Q4 2024 | -9.3% | +17 points |
PBI 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 PBI 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.
PBI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $140.4M | +175% |
| Q2 2026 | $134.4M | +37% |
| Q1 2026 | $28.3M | +$61.9M |
| Q4 2025 | $201.4M | +79% |
| Q3 2025 | $51.1M | +875% |
| Q2 2025 | $98M | +37% |
| Q1 2025 | -$33.6M | -$1.1M |
| Q4 2024 | $112.3M | +64% |
PBI 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.
PBI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.2% | +1.7M shares |
| 1 year | -17% | -29.6M shares |
| 3 years | -20% | -35.4M shares |
| 5 years | -22% | -38.7M shares |
| Available history | -21% | -36.7M shares |
PBI has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $17.3M |
| Q2 2026 | $52.8M |
| Q1 2026 | $135.6M |
| Q4 2025 | $126.6M |
| Q3 2025 | $161.5M |
| Q2 2025 | $75.3M |
| Q1 2025 | $15M |
| Q4 2023 | — |
PBI spent $332M buying back its own shares over the past year.
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 | — |
PBI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.6x | High |
| Q2 2026 | 5.0x | High |
| Q1 2026 | 5.5x | High |
| Q4 2025 | 5.6x | High |
| Q3 2025 | 8.1x | High |
| Q2 2025 | 19.2x | High |
| Q1 2025 | 88.7x | High |
| Q2 2023 | 117.2x | High |
PBI's net debt is about 4.6 years of its operating earnings (EBITDA), down from 8.1 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.
PBI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.3 | Neutral |
| Stochastic | 12.0 | Oversold |
PBI's weekly RSI is 46 (neutral) and its Stochastic is 12 (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).
PBI PE vs Industrials Sector
| Metric | PBI | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 24x | 50% below |
| PE % | 12 | 58 | 46 pts below |
PBI 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.
PBI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $16.5 | 5.1% below |
| 20 week MA | $17.0 | 7.9% below |
| 50 week MA | $14.3 | 9.2% above |
| 100 week MA | $12.2 | 29% above |
| 200 week MA | $8.43 | 86% above |
PBI has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 86% 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.
PBI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $3.94 | $5.53 | +40% |
| 2021 | $5.53 | $6.68 | +21% |
| 2022 | $6.68 | $3.79 | -43% |
| 2023 | $3.79 | $4.40 | +16% |
| 2024 | $4.40 | $7.29 | +66% |
| 2025 | $7.29 | $10.7 | +47% |
| 2026 YTD | $10.7 | $15.6 | +46% |
PBI 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.