PWR
Quanta Services, Inc.
PWR has the edge over RKLB overall, supported by lower modeled downside and stronger modeled upside.
RKLB
Rocket Lab USA, Inc.
RKLB offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
PWR Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Healthy | |
| Healthy |
PWR's revenue, profitability, cash flow and balance sheet are all currently healthy.
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.
PWR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 26x | $287 | -53% |
| Forward | 30x | $606 | — |
| Fair | 46x | $512 | -15% |
| Current | 55x | $606 | — |
| Expensive | 62x | $690 | +14% |
Historical ranges are pointers, not guarantees.
PWR's PE is in its expensive range at 55x. If earnings grow as analysts expect, today's price would be 30x 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.
PWR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for PWR, 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.
PWR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.51 | +86% |
| Q3 2026 | $11.04 | +64% |
| Q2 2026 | $8.73 | +35% |
| Q1 2026 | $7.29 | +18% |
| Q4 2025 | $6.80 | +13% |
| Q3 2025 | $6.75 | +25% |
| Q2 2025 | $6.46 | +22% |
| Q1 2025 | $6.20 | +20% |
| Q4 2024 | $6.03 | +21% |
PWR 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.
PWR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $12B | +57% |
| Q2 2026 | $9.6B | +41% |
| Q1 2026 | $7.9B | +26% |
| Q4 2025 | $7.8B | +20% |
| Q3 2025 | $7.6B | +18% |
| Q2 2025 | $6.8B | +21% |
| Q1 2025 | $6.2B | +24% |
| Q4 2024 | $6.6B | +13% |
PWR's revenue has grown year over year for 22 quarters in a row: $12B last quarter, up 57% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.5% | +1.8 points |
| Q2 2026 | 7.3% | +1.8 points |
| Q1 2026 | 4.3% | +0.5 points |
| Q4 2025 | 6.2% | -0.7 points |
| Q3 2025 | 6.8% | +0.1 points |
| Q2 2025 | 5.5% | 0 points |
| Q1 2025 | 3.8% | +0.8 points |
| Q4 2024 | 6.9% | +1.3 points |
PWR 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 PWR 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.
PWR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.2B | +182% |
| Q2 2026 | $864.5M | +456% |
| Q1 2026 | $171.7M | +55% |
| Q4 2025 | $934M | +65% |
| Q3 2025 | $421M | -20% |
| Q2 2025 | $155.4M | -32% |
| Q1 2025 | $110.4M | -29% |
| Q4 2024 | $565M | -37% |
PWR 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.
PWR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +254K shares |
| 1 year | +0.8% | +1.2M shares |
| 3 years | +2.6% | +3.9M shares |
| 5 years | +5.8% | +8.4M shares |
| Available history | +3.5% | +5.2M shares |
PWR has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $16M |
| Q1 2025 | $118.6M |
| Q4 2023 | $350,000 |
PWR hasn't bought back shares in 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 | — |
PWR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.3x | Healthy |
| Q2 2026 | 1.8x | Healthy |
| Q1 2026 | 2.1x | Moderate |
| Q4 2025 | 2.2x | Moderate |
| Q3 2025 | 2.1x | Moderate |
| Q2 2025 | 1.8x | Healthy |
| Q1 2025 | 1.8x | Healthy |
| Q4 2024 | 1.6x | Healthy |
PWR's net debt is about 1.3 years of its operating earnings (EBITDA), down from 2.0 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.
PWR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.2 | Neutral |
| Stochastic | 37.2 | Neutral |
PWR's weekly RSI is 48 (neutral) and its Stochastic is 37 (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).
PWR PE vs Industrials Sector
| Metric | PWR | Sector median | Relative |
|---|---|---|---|
| PE | 55x | 24x | 128% above |
| PE % | 71 | 58 | 13 pts above |
PWR is trading at 55x earnings, a 128% premium 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.
PWR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $622.2 | 2.6% below |
| 20 week MA | $636.9 | 4.8% below |
| 50 week MA | $599.6 | 1.1% above |
| 100 week MA | $476.2 | 27% above |
| 200 week MA | $350.0 | 73% above |
PWR has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 73% 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.
PWR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $40.8 | $70.9 | +74% |
| 2021 | $70.9 | $111.9 | +58% |
| 2022 | $111.9 | $144.2 | +29% |
| 2023 | $144.2 | $215.8 | +50% |
| 2024 | $215.8 | $323.1 | +50% |
| 2025 | $323.1 | $432.7 | +34% |
| 2026 YTD | $432.7 | $606.2 | +40% |
PWR 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.