RKLB
Rocket Lab USA, Inc.
RKLB's outlook is improving, though it still trails on the overall score.
RTX
RTX Corporation
RTX 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.
RTX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Healthy |
RTX's revenue, profitability, cash flow and balance sheet are all currently healthy.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
RTX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 26x | $158 | -20% |
| Forward | 26x | $198 | — |
| Current | 32x | $198 | — |
| Fair | 35x | $215 | +8.2% |
| Expensive | 41x | $252 | +27% |
Historical ranges are pointers, not guarantees.
RTX's PE is in its cheap range at 32x. If earnings grow as analysts expect, today's price would be 26x next year's earnings.
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.
RTX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for RTX, 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.
RTX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.78 | +26% |
| Q3 2026 | $6.16 | +26% |
| Q2 2026 | $5.68 | +25% |
| Q1 2026 | $5.33 | +56% |
| Q4 2025 | $4.96 | +40% |
| Q3 2025 | $4.87 | +40% |
| Q2 2025 | $4.55 | +165% |
| Q1 2025 | $3.41 | +34% |
| Q4 2024 | $3.55 | +59% |
RTX 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 RTX 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.
RTX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $25B | +11% |
| Q2 2026 | $24.7B | +14% |
| Q1 2026 | $22.1B | +8.7% |
| Q4 2025 | $24.2B | +12% |
| Q3 2025 | $22.5B | +12% |
| Q2 2025 | $21.6B | +9.4% |
| Q1 2025 | $20.3B | +5.2% |
| Q4 2024 | $21.6B | +8.5% |
RTX's revenue has grown year over year for 12 quarters in a row: $25B last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | +2.1 points |
| Q2 2026 | 11% | +1.4 points |
| Q1 2026 | 12% | +1.6 points |
| Q4 2025 | 11% | +1 points |
| Q3 2025 | 11% | +1.1 points |
| Q2 2025 | 9.9% | +7.3 points |
| Q1 2025 | 10% | +0.3 points |
| Q4 2024 | 9.8% | +0.8 points |
RTX 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.
RTX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.1B | -47% |
| Q2 2026 | $2.9B | +$3B |
| Q1 2026 | $1.3B | +65% |
| Q4 2025 | $3.2B | +549% |
| Q3 2025 | $4B | +104% |
| Q2 2025 | -$72M | -103% |
| Q1 2025 | $792M | +$917M |
| Q4 2024 | $492M | -87% |
RTX 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 | — |
RTX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +3.1M shares |
| 1 year | +0.7% | +9.7M shares |
| 3 years | -5.5% | -80M shares |
| 5 years | -9.2% | -138M shares |
| Available history | -0.3% | -4.6M shares |
RTX has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $50M |
| Q4 2024 | $50M |
RTX hasn't bought back shares in the past year.
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
RTX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.8x | Healthy |
| Q2 2026 | 2.0x | Healthy |
| Q1 2026 | 2.2x | Moderate |
| Q4 2025 | 2.2x | Moderate |
| Q3 2025 | 2.5x | Moderate |
| Q2 2025 | 3.0x | Elevated |
| Q1 2025 | 3.3x | Elevated |
| Q4 2024 | 3.3x | Elevated |
RTX's net debt is about 1.8 years of its operating earnings (EBITDA), down from 2.5 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).
RTX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.3 | Neutral |
| Stochastic | 35.3 | Neutral |
RTX's weekly RSI is 52 (neutral) and its Stochastic is 35 (neutral).
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
RTX PE vs Industrials Sector
| Metric | RTX | Sector median | Relative |
|---|---|---|---|
| PE | 32x | 24x | 34% above |
| PE % | 31 | 58 | 27 pts below |
RTX 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's trend is mixed: it's above three of its five weekly moving averages, and 104% above its 200-week average.
RTX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $191.6 | 3.5% above |
| 20 week MA | $200.5 | 1.1% below |
| 50 week MA | $193.9 | 2.3% above |
| 100 week MA | $168.6 | 18% above |
| 200 week MA | $133.5 | 49% above |
RTX 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.
RTX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $88.6 | $70.3 | -21% |
| 2021 | $70.3 | $84.9 | +21% |
| 2022 | $84.9 | $99.3 | +17% |
| 2023 | $99.3 | $84.1 | -15% |
| 2024 | $84.1 | $116.7 | +39% |
| 2025 | $116.7 | $185.2 | +59% |
| 2026 YTD | $185.2 | $198.4 | +7.1% |
RTX has the edge over RKLB on returns for 2026, with the stronger performance.