QUAD
Quad/Graphics, Inc.
QUAD has lower modeled downside risk, despite its lower overall score.
RKLB
Rocket Lab USA, Inc.
RKLB has a slight edge over QUAD overall, supported by stronger fundamentals and stronger valuation.
QUAD Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Under pressure | |
| Stable |
QUAD's profitability is currently healthy, and its revenue and balance sheet are stable, but its cash flow is 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.
QUAD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 5.7x | $7.54 | — |
| Cheap | 9.2x | $4.86 | -36% |
| Fair | 14x | $7.20 | -4.5% |
| Current | 14x | $7.54 | — |
| Expensive | 16x | $8.49 | +13% |
Historical ranges are pointers, not guarantees.
QUAD's PE is in its fair range at 14x. If earnings grow as analysts expect, today's price would be 5.7x 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.
QUAD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| High |
Analysts expect QUAD's earnings to grow, with its revenue and profitability holding steady.
RKLB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
RKLB has the edge over QUAD on the outlook, with more favorable revenue and profitability expectations.
QUAD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.32 | +148% |
| Q3 2026 | $0.53 | +23% |
| Q2 2026 | $0.63 | +$0.93 |
| Q1 2026 | $0.56 | +$0.92 |
| Q4 2025 | $0.54 | +$1.61 |
| Q3 2025 | $0.43 | +$2.07 |
| Q2 2025 | -$0.30 | +$0.88 |
| Q1 2025 | -$0.36 | +$0.88 |
| Q4 2024 | -$1.07 | +$0.07 |
QUAD 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.
QUAD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $586.7M | -0.2% |
| Q2 2026 | $577.5M | +1% |
| Q1 2026 | $581M | -7.7% |
| Q4 2025 | $630.6M | -11% |
| Q3 2025 | $588M | -13% |
| Q2 2025 | $571.9M | -9.8% |
| Q1 2025 | $629.4M | -3.9% |
| Q4 2024 | $708.4M | -10% |
QUAD's revenue has slid since its 2019 peak: $587M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.4% | -2.1 points |
| Q2 2026 | 2.6% | +0.2 points |
| Q1 2026 | 3% | -0.1 points |
| Q4 2025 | 5.9% | +3.1 points |
| Q3 2025 | 4.5% | +5.2 points |
| Q2 2025 | 2.4% | 0 points |
| Q1 2025 | 3.1% | +4.7 points |
| Q4 2024 | 2.8% | +2.3 points |
QUAD 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 QUAD 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.
QUAD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$33.8M | -$13.2M |
| Q2 2026 | $40.8M | +19% |
| Q1 2026 | -$107M | -$6.7M |
| Q4 2025 | $137.2M | -6.9% |
| Q3 2025 | -$20.6M | -$10.8M |
| Q2 2025 | $34.4M | +$46.1M |
| Q1 2025 | -$100.3M | -$30.2M |
| Q4 2024 | $147.3M | +55% |
QUAD 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.
QUAD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.8% | +400K shares |
| 1 year | +1.4% | +700K shares |
| 3 years | +5% | +2.4M shares |
| 5 years | -5.1% | -2.7M shares |
| Available history | +0.8% | +400K shares |
QUAD has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5.2M |
| Q2 2026 | $2.1M |
| Q1 2026 | $1.1M |
| Q4 2025 | $200,000 |
| Q3 2025 | $200,000 |
| Q2 2025 | $4.3M |
| Q1 2025 | $3.3M |
| Q4 2024 | — |
QUAD spent $9M buying back its own shares over the past year, up 10% 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 | — |
QUAD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2022 | 2.9x | Moderate |
| Q4 2021 | 2.5x | Moderate |
| Q3 2021 | 3.9x | Elevated |
| Q2 2021 | 4.0x | Elevated |
| Q1 2021 | 5.5x | High |
| Q4 2020 | 6.4x | High |
| Q3 2020 | 4.1x | High |
| Q2 2020 | 4.9x | High |
QUAD's net debt is about 2.9 years of its operating earnings (EBITDA), down from 5.5 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.
QUAD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.0 | Neutral |
| Stochastic | 8.1 | Oversold |
QUAD's weekly RSI is 40 (neutral) and its Stochastic is 8 (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).
QUAD PE vs Industrials Sector
| Metric | QUAD | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 24x | 41% below |
| PE % | 55 | 58 | 3 pts below |
QUAD is trading at 14x earnings, a 41% 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.
QUAD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.68 | 13% below |
| 20 week MA | $9.21 | 18% below |
| 50 week MA | $7.84 | 3.8% below |
| 100 week MA | $6.90 | 9.3% above |
| 200 week MA | $5.95 | 27% above |
QUAD has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 27% 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 QUAD on trend strength, trading above more of its moving averages.
QUAD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $4.41 | $3.52 | -20% |
| 2021 | $3.52 | $3.97 | +13% |
| 2022 | $3.97 | $3.71 | -6.5% |
| 2023 | $3.71 | $5.42 | +46% |
| 2024 | $5.42 | $7.05 | +30% |
| 2025 | $7.05 | $6.37 | -9.6% |
| 2026 YTD | $6.37 | $7.54 | +18% |
QUAD 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.