RDW
Redwire Corporation
RDW offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
RJET
Republic Airways Holdings Inc.
RJET has a slight edge over RDW overall, supported by stronger valuation and lower modeled downside.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
RJET Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Healthy |
RJET's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
RJET PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 3.8x | $19.34 | -4.9% |
| Current | 4x | $20.33 | — |
| Forward | 5.3x | $20.33 | — |
| Fair | 6.7x | $34.63 | +70% |
| Expensive | 11x | $56.19 | +176% |
Historical ranges are pointers, not guarantees.
RJET's PE is in its cheap range at 4.0x. Analysts expect earnings to fall, which would put today's price at 5.3x next year's earnings, in its fair range.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
RJET Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong decline | |
| Stable | |
| -- | |
| Limited | |
| High |
Analysts expect RJET's earnings to decline, with its revenue and profitability holding steady.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
RJET Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.80 | -26% |
| Q3 2026 | $5.14 | +$64.69 |
| Q2 2026 | -$0.71 | +$62.74 |
| Q1 2026 | $6.11 | +$84.26 |
| Q4 2025 | -$15.77 | +$36.88 |
| Q3 2025 | -$59.55 | -$26.40 |
| Q2 2025 | -$63.45 | -$28.20 |
| Q1 2025 | -$78.15 | -$32.55 |
| Q4 2024 | -$52.65 | +$10.35 |
RJET has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW's revenue has grown year over year for five quarters in a row: $109M last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
RJET Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $553.5M | +510% |
| Q2 2026 | $571.1M | +516% |
| Q1 2026 | $527.4M | +457% |
| Q4 2025 | $1.1B | +935% |
| Q3 2025 | $90.7M | -21% |
| Q2 2025 | $92.8M | -16% |
| Q1 2025 | $94.7M | -28% |
| Q4 2024 | $103.2M | -13% |
RJET's revenue has grown year over year for four quarters in a row: $554M last quarter, up 510% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | +22 points |
| Q2 2026 | 10% | +10 points |
| Q1 2026 | 10% | +71 points |
| Q4 2025 | 22% | +129 points |
| Q3 2025 | -10% | +4.7 points |
| Q2 2025 | -0.2% | +8 points |
| Q1 2025 | -60% | -69 points |
| Q4 2024 | -107% | -67 points |
RJET has the edge over RDW on profitability, with a higher operating margin.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RJET has the stronger cash trend. Its trailing FCF is down 23% versus its history, compared with RDW at down 154%.
RJET Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $28.8M | +$39.3M |
| Q1 2026 | -$35.3M | -$10.7M |
| Q4 2025 | -$35.3M | -$21.6M |
| Q2 2025 | -$10.5M | -240% |
| Q1 2025 | -$24.6M | -348% |
| Q4 2024 | -$13.6M | +$1.1M |
| Q3 2024 | $11.2M | +$26.5M |
| Q2 2024 | $7.5M | +$19.8M |
RJET's free cash flow has turned positive after four years mostly in the red: $9M over the past year.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has the edge over RJET on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
RJET Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +127K shares |
| 1 year | +1559% | +43.5M shares |
| 3 years | +1660% | +43.7M shares |
| 5 years | +1688% | +43.7M shares |
| Available history | +1874% | +44M shares |
RJET has 46M diluted shares, up 1559% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2023 | $29,000 |
| Q4 2022 | $1,000 |
| Q3 2022 | $41,000 |
| Q2 2022 | $339,000 |
| Q1 2022 | $60,000 |
| Q4 2021 | $15,000 |
| Q3 2021 | $101,000 |
| Q2 2021 | $1.2M |
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
RJET Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.4x | Healthy |
| Q2 2026 | 1.8x | Healthy |
| Q1 2026 | 2.3x | Moderate |
| Q4 2025 | 3.2x | Elevated |
| Q2 2022 | 14.8x | High |
| Q1 2022 | 10.3x | High |
| Q4 2021 | 4.8x | High |
| Q3 2021 | 3.6x | Elevated |
RJET's net debt is about 1.4 years of its operating earnings (EBITDA), down from 15 years a year ago.
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
RJET Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.4 | Neutral |
| Stochastic | 65.5 | Neutral |
RJET's weekly RSI is 55 (neutral) and its Stochastic is 66 (neutral).
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
RJET PE vs Industrials Sector
| Metric | RJET | Sector median | Relative |
|---|---|---|---|
| PE | 4x | 24x | 84% below |
| PE % | 22 | 58 | 36 pts below |
RJET is trading at 4.0x earnings, a 84% discount to the Industrials sector's median of 24x.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
RJET Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $18.3 | 11% above |
| 20 week MA | $18.7 | 8.8% above |
| 50 week MA | $18.9 | 7.5% above |
| 100 week MA | $18.2 | 12% above |
| 200 week MA | $20.0 | 1.5% above |
RJET has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW has the edge over RJET on returns for 2026, with the stronger performance.
RJET Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $137.1 | $94.4 | -31% |
| 2021 | $94.4 | $86.4 | -8.4% |
| 2022 | $86.4 | $16.7 | -81% |
| 2023 | $16.7 | $15.2 | -9% |
| 2024 | $15.2 | $19.7 | +30% |
| 2025 | $19.7 | $19.7 | +0.4% |
| 2026 YTD | $19.7 | $20.3 | +3% |
RJET has finished lower in four of the last six years. It's up 3% so far in 2026.