RDW
Redwire Corporation
RDW has the edge over SB overall, supported by stronger valuation and stronger modeled upside.
SB
Safe Bulkers, Inc.
SB has lower modeled downside risk, despite its lower overall score.
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.
SB Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Stable |
SB's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
SB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 2.6x | $2.04 | -75% |
| Fair | 5.5x | $4.26 | -47% |
| Current | 10x | $8.11 | — |
| Forward | 10x | $8.11 | — |
| Expensive | 12x | $9.05 | +12% |
Historical ranges are pointers, not guarantees.
SB's PE is in its expensive range at 10.4x. On analysts' estimates for next year's earnings, today's price would be 10.3x.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
RDW has the edge over SB on the outlook, with more favorable earnings and revenue expectations.
SB Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Weakening | |
| Limited | |
| High |
Analysts expect SB's profitability to weaken, with its earnings and revenue 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.
SB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.79 | +1.3% |
| Q2 2026 | $0.78 | +81% |
| Q1 2026 | $0.44 | -34% |
| Q4 2025 | $0.29 | -65% |
| Q3 2025 | $0.36 | -60% |
| Q2 2025 | $0.43 | -46% |
| Q1 2025 | $0.67 | -1.5% |
| Q4 2024 | $0.83 | +54% |
| Q3 2024 | $0.90 | +53% |
SB 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 has the edge over SB on sales, with more consistent year-over-year improvement.
| 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.
SB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $87.5M | +33% |
| Q1 2026 | $74.4M | +16% |
| Q4 2025 | $72.6M | +1.5% |
| Q3 2025 | $73.1M | -3.7% |
| Q2 2025 | $65.7M | -16% |
| Q1 2025 | $64.3M | -21% |
| Q4 2024 | $71.5M | -13% |
| Q3 2024 | $75.9M | +17% |
SB's revenue is growing: $87M last quarter, up 33% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 41% | +25 points |
| Q1 2026 | 36% | +12 points |
| Q4 2025 | 31% | -3.4 points |
| Q3 2025 | 29% | -6.1 points |
| Q2 2025 | 16% | -20 points |
| Q1 2025 | 23% | -17 points |
| Q4 2024 | 34% | -10 points |
| Q3 2024 | 35% | +8.4 points |
SB 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% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
SB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | -100% |
| Q1 2026 | $35.2M | +18% |
| Q4 2025 | $33.2M | +$33.2M |
| Q3 2025 | $20.1M | -19% |
| Q2 2025 | $19.1M | -52% |
| Q1 2025 | $29.9M | -17% |
| Q4 2024 | $0 | +$171.3M |
| Q3 2024 | $24.8M | -70% |
SB has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
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 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
SB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -336K shares |
| 1 year | -0.6% | -654K shares |
| 3 years | -9.8% | -11.1M shares |
| 5 years | -7.2% | -7.9M shares |
| Available history | +0.5% | +550K shares |
SB has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $2.6M |
| Q1 2026 | — |
| Q4 2025 | $11.4M |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $28.5M |
| Q3 2024 | — |
SB spent $14M buying back its own shares over the past year, down 51% from the year before.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
SB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 2.3x | Moderate |
| Q1 2026 | 2.6x | Moderate |
| Q4 2025 | 2.9x | Moderate |
| Q3 2025 | 2.9x | Moderate |
| Q2 2025 | 3.0x | Moderate |
| Q1 2025 | 2.3x | Moderate |
| Q4 2024 | 2.4x | Moderate |
| Q3 2024 | 2.1x | Moderate |
SB's net debt is about 2.3 years of its operating earnings (EBITDA), down from 3.0 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).
SB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.9 | Neutral |
| Stochastic | 29.6 | Neutral |
SB's weekly RSI is 54 (neutral) and its Stochastic is 30 (neutral).
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
SB PE vs Industrials Sector
| Metric | SB | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 24x | 57% below |
| PE % | 77 | 58 | 19 pts above |
SB is trading at 10x earnings, a 57% 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.
SB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.08 | 0.4% above |
| 20 week MA | $7.97 | 1.8% above |
| 50 week MA | $6.80 | 19% above |
| 100 week MA | $5.38 | 51% above |
| 200 week MA | $4.76 | 70% above |
SB 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's yearly returns have swung widely, from +501% in 2024 to −74% in 2022. It's up 12% so far in 2026.
SB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $1.75 | $1.20 | -31% |
| 2021 | $1.20 | $3.69 | +208% |
| 2022 | $3.69 | $2.95 | -20% |
| 2023 | $2.95 | $3.93 | +33% |
| 2024 | $3.93 | $3.57 | -9.2% |
| 2025 | $3.57 | $4.82 | +35% |
| 2026 YTD | $4.82 | $8.11 | +68% |
SB has the edge over RDW on returns for 2026, with the stronger performance.