RKLB
Rocket Lab USA, Inc.
RKLB offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
ROP
Roper Technologies, Inc.
ROP has the edge over RKLB overall, supported by lower modeled downside and stronger valuation.
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.
ROP Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Stable |
ROP's profitability and cash flow are currently strong, and its revenue and balance sheet are stable.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
ROP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 17x | $423 | -11% |
| Current | 19x | $478 | — |
| Forward | 20x | $478 | — |
| Fair | 28x | $720 | +51% |
| Expensive | 42x | $1,073 | +124% |
Historical ranges are pointers, not guarantees.
ROP's PE is in its cheap range at 19x, but its recent earnings include one-off gains. On analysts' estimates for next year's earnings, today's price would be 20x.
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.
ROP Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for ROP, 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.
ROP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $24.21 | -4.5% |
| Q3 2026 | $25.34 | +75% |
| Q2 2026 | $24.14 | +70% |
| Q1 2026 | $16.01 | +16% |
| Q4 2025 | $14.20 | -1% |
| Q3 2025 | $14.51 | +6.1% |
| Q2 2025 | $14.23 | +5.4% |
| Q1 2025 | $13.86 | +0.6% |
| Q4 2024 | $14.34 | +11% |
ROP 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 ROP on sales, with stronger typical year-over-year growth.
| 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.
ROP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.2B | +7.6% |
| Q2 2026 | $2.1B | +8.5% |
| Q1 2026 | $2.1B | +11% |
| Q4 2025 | $2.1B | +9.7% |
| Q3 2025 | $2B | +14% |
| Q2 2025 | $1.9B | +13% |
| Q1 2025 | $1.9B | +12% |
| Q4 2024 | $1.9B | +16% |
ROP's revenue has grown year over year for 14 quarters in a row: $2.2B last quarter, up 7.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 29% | +0.3 points |
| Q2 2026 | 28% | -0.5 points |
| Q1 2026 | 27% | -0.8 points |
| Q4 2025 | 29% | +0.6 points |
| Q3 2025 | 28% | +0.3 points |
| Q2 2025 | 28% | -0.6 points |
| Q1 2025 | 28% | -0.7 points |
| Q4 2024 | 28% | -0.7 points |
ROP 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.
ROP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $820.6M | -5.6% |
| Q2 2026 | $469.5M | +16% |
| Q1 2026 | $592.1M | +12% |
| Q4 2025 | $738M | +2.2% |
| Q3 2025 | $869.5M | +15% |
| Q2 2025 | $404.1M | +5.2% |
| Q1 2025 | $528.7M | -0.5% |
| Q4 2024 | $722.2M | +16% |
ROP 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 | — |
ROP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -1.2M shares |
| 1 year | -8.3% | -9M shares |
| 3 years | -7.6% | -8.2M shares |
| 5 years | -6.8% | -7.3M shares |
| Available history | -5.4% | -5.7M shares |
ROP has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $1.2B |
| Q1 2026 | $1.5B |
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
ROP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.9x | Moderate |
| Q2 2026 | 3.4x | Elevated |
| Q1 2026 | 3.2x | Elevated |
| Q4 2025 | 2.9x | Moderate |
| Q3 2025 | 3.0x | Moderate |
| Q2 2025 | 2.9x | Moderate |
| Q1 2025 | 2.5x | Moderate |
| Q4 2024 | 2.7x | Moderate |
ROP's net debt is about 2.9 years of its operating earnings (EBITDA), about the same as 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).
ROP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 70.3 | Overbought |
| Stochastic | 86.5 | Overbought |
ROP's weekly RSI is 70 (overbought) and its Stochastic is 87 (overbought).
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
ROP PE vs Industrials Sector
| Metric | ROP | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 24x | 22% below |
| PE % | 28 | 58 | 30 pts below |
ROP is trading at 19x earnings, a 22% discount to the Industrials sector's median of 24x, though its recent earnings include one-off gains.
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's trend is mixed: it's above three of its five weekly moving averages, and 104% above its 200-week average.
ROP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $414.9 | 15% above |
| 20 week MA | $398.5 | 20% above |
| 50 week MA | $380.7 | 26% above |
| 100 week MA | $458.4 | 4.2% above |
| 200 week MA | $484.8 | 1.4% below |
ROP has the edge over RKLB on trend strength, trading above more of its moving averages.
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.
ROP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $357.3 | $420.1 | +18% |
| 2021 | $420.1 | $478.3 | +14% |
| 2022 | $478.3 | $430.1 | -10% |
| 2023 | $430.1 | $545.2 | +27% |
| 2024 | $545.2 | $523.9 | -3.9% |
| 2025 | $523.9 | $450.8 | -14% |
| 2026 YTD | $450.8 | $477.9 | +6% |
ROP has the edge over RKLB on returns for 2026, with the stronger performance.