RKLB
Rocket Lab USA, Inc.
RKLB's outlook is improving, though it still trails on the overall score.
ROK
Rockwell Automation, Inc.
ROK has the edge over RKLB overall, supported by lower modeled downside and stronger fundamentals.
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.
ROK Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Healthy |
ROK's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
ROK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 24x | $303 | -25% |
| Forward | 27x | $404 | — |
| Fair | 32x | $396 | -2.1% |
| Current | 32x | $404 | — |
| Expensive | 41x | $512 | +27% |
Historical ranges are pointers, not guarantees.
ROK's PE is in its fair range at 32x. If earnings grow as analysts expect, today's price would be 27x next year's earnings, in its cheap range.
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.
ROK Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| High |
Analysts expect earnings and revenue growth for ROK, with profitability improving.
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.
ROK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $15.03 | +20% |
| Q3 2026 | $12.54 | +63% |
| Q2 2026 | $10.68 | +25% |
| Q1 2026 | $9.63 | +21% |
| Q4 2025 | $8.75 | +9% |
| Q3 2025 | $7.67 | -7.4% |
| Q2 2025 | $8.52 | -3.1% |
| Q1 2025 | $7.94 | -22% |
| Q4 2024 | $8.03 | -24% |
ROK has the edge over RKLB on earnings quality, reporting a profit while its opponent remains loss making.
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 ROK 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.
ROK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.3B | +0.7% |
| Q2 2026 | $2.3B | +7.9% |
| Q1 2026 | $2.2B | +12% |
| Q4 2025 | $2.1B | +12% |
| Q3 2025 | $2.3B | +14% |
| Q2 2025 | $2.1B | +4.6% |
| Q1 2025 | $2B | -5.9% |
| Q4 2024 | $1.9B | -8.3% |
ROK's revenue has grown year over year for six quarters in a row: $2.3B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | +16 points |
| Q2 2026 | 24% | +7.8 points |
| Q1 2026 | 24% | +8.7 points |
| Q4 2025 | 21% | +9.4 points |
| Q3 2025 | 2.7% | -11 points |
| Q2 2025 | 16% | +3.5 points |
| Q1 2025 | 15% | +0.3 points |
| Q4 2024 | 11% | -1.3 points |
ROK has the edge over RKLB on profitability, with a higher operating margin.
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.
ROK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $602M | +49% |
| Q2 2026 | $654M | +34% |
| Q1 2026 | $275M | +61% |
| Q4 2025 | $170M | -42% |
| Q3 2025 | $405M | +10% |
| Q2 2025 | $489M | +105% |
| Q1 2025 | $171M | +149% |
| Q4 2024 | $293M | +$328.3M |
ROK has the edge over RKLB on cash generation, producing positive trailing cash flow while its opponent burns cash.
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 | — |
ROK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +400K shares |
| 1 year | -1% | -1.1M shares |
| 3 years | -3.1% | -3.6M shares |
| 5 years | -4.4% | -5.1M shares |
| Available history | -3.9% | -4.6M shares |
ROK has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $502M |
| Q2 2026 | $155M |
| Q1 2026 | $446M |
| Q4 2025 | $153M |
| Q3 2025 | $69M |
| Q2 2025 | $124M |
| Q1 2025 | $132M |
| Q4 2024 | $100M |
ROK spent $1.3B buying back its own shares over the past year, about three times what it spent the year before.
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
ROK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.3x | Healthy |
| Q2 2026 | 1.5x | Healthy |
| Q1 2026 | 1.9x | Healthy |
| Q4 2025 | 2.0x | Moderate |
| Q3 2025 | 2.2x | Moderate |
| Q2 2025 | 2.1x | Moderate |
| Q1 2025 | 2.4x | Moderate |
| Q4 2024 | 2.3x | Moderate |
ROK's net debt is about 1.3 years of its operating earnings (EBITDA), down from 2.2 years a year ago.
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).
ROK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.2 | Neutral |
| Stochastic | 25.8 | Neutral |
ROK's weekly RSI is 44 (neutral) and its Stochastic is 26 (neutral).
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
ROK PE vs Industrials Sector
| Metric | ROK | Sector median | Relative |
|---|---|---|---|
| PE | 32x | 24x | 34% above |
| PE % | 52 | 58 | 6 pts below |
ROK is trading at 32x earnings, a 34% premium to the Industrials sector's median of 24x.
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 ROK on trend strength, trading above more of its moving averages.
ROK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $423.7 | 4.6% below |
| 20 week MA | $438.7 | 7.9% below |
| 50 week MA | $422.9 | 4.4% below |
| 100 week MA | $368.2 | 9.8% above |
| 200 week MA | $326.1 | 24% above |
ROK has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 24% above its 200-week average.
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.
ROK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $203.0 | $248.6 | +22% |
| 2021 | $248.6 | $340.1 | +37% |
| 2022 | $340.1 | $256.7 | -25% |
| 2023 | $256.7 | $310.5 | +21% |
| 2024 | $310.5 | $290.5 | -6.4% |
| 2025 | $290.5 | $399.8 | +38% |
| 2026 YTD | $399.8 | $404.2 | +1.1% |
ROK has the edge over RKLB on returns for 2026, with the stronger performance.