PRG
PROG Holdings, Inc.
PRG has the edge over RKLB overall, supported by lower modeled downside and stronger valuation.
RKLB
Rocket Lab USA, Inc.
RKLB offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
PRG Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Healthy | |
| Stable |
PRG's revenue and cash flow are currently healthy, and its profitability and balance sheet are stable.
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.
PRG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 7.3x | $37.67 | — |
| Cheap | 7.4x | $27.47 | -27% |
| Fair | 10x | $38.50 | +2.2% |
| Current | 10x | $37.67 | — |
| Expensive | 14x | $50.84 | +35% |
Historical ranges are pointers, not guarantees.
PRG's PE is in its fair range at 10x. If earnings grow as analysts expect, today's price would be 7.3x next year's earnings, in its cheap range.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
PRG Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for PRG, with profitability improving. 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.
PRG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.15 | +39% |
| Q3 2026 | $3.70 | -5.9% |
| Q2 2026 | $3.61 | -29% |
| Q1 2026 | $3.65 | -25% |
| Q4 2025 | $3.59 | -21% |
| Q3 2025 | $3.93 | +8.3% |
| Q2 2025 | $5.05 | +106% |
| Q1 2025 | $4.87 | +97% |
| Q4 2024 | $4.53 | +52% |
PRG 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.
PRG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $725.8M | +22% |
| Q2 2026 | $719.7M | +19% |
| Q1 2026 | $742.7M | +8.6% |
| Q4 2025 | $525.4M | -16% |
| Q3 2025 | $595.1M | -1.8% |
| Q2 2025 | $604.7M | +2.1% |
| Q1 2025 | $684.1M | +6.6% |
| Q4 2024 | $623.3M | +8% |
PRG's revenue is recovering but still below its 2020 peak: $726M last quarter, up 22% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.1% | +0.1 points |
| Q2 2026 | 9.1% | -0.9 points |
| Q1 2026 | 8.8% | +0.6 points |
| Q4 2025 | 6.9% | -1.2 points |
| Q3 2025 | 9% | +0.9 points |
| Q2 2025 | 10% | +0.6 points |
| Q1 2025 | 8.2% | +2 points |
| Q4 2024 | 8.1% | +1.9 points |
PRG 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 PRG 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.
PRG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $103.4M | -2.9% |
| Q2 2026 | $101.2M | +49% |
| Q1 2026 | $168.6M | -19% |
| Q4 2025 | -$57.5M | +$29.3M |
| Q3 2025 | $106.5M | +257% |
| Q2 2025 | $68M | +27% |
| Q1 2025 | $208M | +56% |
| Q4 2024 | -$86.8M | +$4.2M |
PRG 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.
PRG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -184K shares |
| 1 year | +0.2% | +69K shares |
| 3 years | -12% | -5.6M shares |
| 5 years | -39% | -25.8M shares |
| Available history | -29% | -16.2M shares |
PRG has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $36.7M |
| Q2 2026 | $10.2M |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $25.7M |
| Q1 2025 | $26.1M |
| Q4 2024 | $40.5M |
PRG spent $47M buying back its own shares over the past year, down 49% 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 | — |
PRG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.8x | Moderate |
| Q2 2026 | 3.1x | Elevated |
| Q1 2026 | 3.5x | Elevated |
| Q4 2025 | 1.2x | Healthy |
| Q2 2020 | 1.1x | Healthy |
| Q1 2020 | 0.6x | Very low |
| Q4 2019 | 0.9x | Very low |
PRG's net debt is about 2.8 years of its operating earnings (EBITDA), up from 1.1 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.
PRG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.5 | Neutral |
| Stochastic | 57.6 | Neutral |
PRG's weekly RSI is 54 (neutral) and its Stochastic is 58 (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).
PRG PE vs Industrials Sector
| Metric | PRG | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 24x | 58% below |
| PE % | 47 | 58 | 11 pts below |
PRG is trading at 10x earnings, a 58% 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.
PRG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $33.2 | 13% above |
| 20 week MA | $38.2 | 1.3% below |
| 50 week MA | $35.2 | 7% above |
| 100 week MA | $33.6 | 12% above |
| 200 week MA | $33.8 | 11% above |
PRG 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.
PRG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $56.3 | $54.0 | -4.1% |
| 2021 | $54.0 | $45.0 | -17% |
| 2022 | $45.0 | $17.2 | -62% |
| 2023 | $17.2 | $30.9 | +80% |
| 2024 | $30.9 | $42.2 | +36% |
| 2025 | $42.2 | $30.5 | -28% |
| 2026 YTD | $30.5 | $37.7 | +24% |
PRG 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.