RDW
Redwire Corporation
RDW has the edge over SST overall, supported by stronger fundamentals.
SST
System1, Inc.
SST trails on the overall score without a compensating advantage in the available component scores.
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.
SST Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Weak | |
| Weak | |
| Unavailable |
SST's revenue, profitability and cash flow are currently weak. There isn't enough data to rate its balance sheet.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
SST PE Valuation
SST has no meaningful PE right now: it lost money over the past year.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
RDW has the edge over SST on the outlook, with more favorable revenue expectations.
SST Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong decline | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect SST's losses to shrink, with revenue declining.
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.
SST Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$15.12 | -$6.59 |
| Q2 2026 | -$11.35 | -$1.72 |
| Q1 2026 | -$12.04 | -$0.84 |
| Q4 2025 | -$8.32 | +$2.38 |
| Q3 2025 | -$8.53 | +$3.57 |
| Q2 2025 | -$9.63 | +$13.07 |
| Q1 2025 | -$11.20 | +$11.50 |
| Q4 2024 | -$10.70 | +$14.10 |
SST has the edge over RDW on earnings, with more consistent year-over-year improvement.
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 SST 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 has the edge over SST on profitability, with a higher operating margin.
SST Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $26M | -58% |
| Q2 2026 | $30.2M | -61% |
| Q1 2026 | $37.2M | -50% |
| Q4 2025 | $51.9M | -31% |
| Q3 2025 | $61.6M | -31% |
| Q2 2025 | $78.1M | -17% |
| Q1 2025 | $74.5M | -12% |
| Q4 2024 | $75.6M | -21% |
SST's revenue has slid since its 2022 peak: $26M last quarter, down 58% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -281% | -256 points |
| Q2 2026 | -27% | -7.1 points |
| Q1 2026 | -137% | -119 points |
| Q4 2025 | -34% | -18 points |
| Q3 2025 | -25% | -0.7 points |
| Q2 2025 | -20% | +10 points |
| Q1 2025 | -18% | +13 points |
| Q4 2024 | -16% | +3.5 points |
SST's operating margin was −281% last quarter, down 256 points from the same quarter a year ago, near the bottom of its range since 2022.
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.
SST Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2M | +$4.1M |
| Q2 2026 | -$2M | -108% |
| Q1 2026 | -$26.1M | -$10.1M |
| Q4 2025 | -$10.6M | -1478% |
| Q3 2025 | -$2.1M | -$2M |
| Q2 2025 | $24.5M | +146% |
| Q1 2025 | -$16M | -$8K |
| Q4 2024 | $772K | +$19.9M |
SST has the edge over RDW on cash flow, with more consistent year-over-year improvement.
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 | — |
SST Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +4.9% | +403K shares |
| 1 year | +9.6% | +747K shares |
| 3 years | -7.3% | -679K shares |
| 5 years | +466% | +7.1M shares |
SST has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2026 | $202,000 |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
SST Net Leverage
SST's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
SST Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.9 | Neutral |
| Stochastic | 2.5 | Oversold |
SST's weekly RSI is 40 (neutral) and its Stochastic is 3 (oversold).
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
SST PE vs Industrials Sector
SST has no meaningful PE right now: it lost money over the past year.
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.
SST Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.11 | 21% below |
| 20 week MA | $2.29 | 27% below |
| 50 week MA | $2.99 | 44% below |
| 100 week MA | $4.46 | 63% below |
| 200 week MA | $13.2 | 87% below |
SST is in a downtrend: it's below all five of its weekly moving averages, and 87% below its 200-week average.
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 SST on returns for 2026, with the stronger performance.
SST Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $100.2 | $111.0 | +11% |
| 2021 | $111.0 | $99.2 | -11% |
| 2022 | $99.2 | $43.7 | -56% |
| 2023 | $43.7 | $22.2 | -49% |
| 2024 | $22.2 | $8.41 | -62% |
| 2025 | $8.41 | $4.61 | -45% |
| 2026 YTD | $4.61 | $1.67 | -64% |
SST has finished five years in a row lower, and it's down 64% so far in 2026.