RKLB
Rocket Lab USA, Inc.
RKLB offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
SARO
StandardAero, Inc.
SARO has the edge over RKLB overall, supported by lower modeled downside and stronger modeled upside.
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.
SARO Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Stable | |
| Stable |
SARO's profitability is currently healthy, and its revenue, cash flow and balance sheet are stable.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
SARO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 16x | $27.56 | — |
| Cheap | 25x | $25.85 | -6.2% |
| Current | 26x | $27.56 | — |
| Fair | 30x | $31.90 | +16% |
| Expensive | 33x | $35.00 | +27% |
Historical ranges are pointers, not guarantees.
SARO's PE is in its cheap range at 26x. If earnings grow as analysts expect, today's price would be 16x 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.
SARO Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for SARO, 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.
SARO Earnings Per Share
SARO has the edge over RKLB in the latest year-over-year earnings comparison.
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 SARO 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.
SARO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.6B | +4% |
| Q2 2026 | $1.6B | +4.6% |
| Q1 2026 | $1.6B | +13% |
| Q4 2025 | $1.6B | +14% |
| Q3 2025 | $1.5B | +20% |
| Q2 2025 | $1.5B | +13% |
| Q1 2025 | $1.4B | +16% |
| Q4 2024 | $1.4B | +22% |
SARO's revenue has grown year over year every quarter since early 2024: $1.6B last quarter, up 4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 10% | +1.2 points |
| Q2 2026 | 11% | +1.7 points |
| Q1 2026 | 8.8% | -0.2 points |
| Q4 2025 | 9.3% | +2.6 points |
| Q3 2025 | 9.2% | +1.3 points |
| Q2 2025 | 8.9% | +1.1 points |
| Q1 2025 | 9% | +0.4 points |
| Q4 2024 | 6.7% | -0.2 points |
SARO 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.
SARO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $98.2M | +$102.9M |
| Q2 2026 | $51.3M | +$70.3M |
| Q1 2026 | -$135.1M | -$85.8M |
| Q2 2025 | -$19M | -149% |
| Q1 2025 | -$49.3M | +$52.8M |
| Q2 2024 | $38.6M | +$149M |
| Q1 2024 | -$102.1M | +$8.3M |
SARO 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 | — |
SARO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -1.3M shares |
| 1 year | -1% | -3.4M shares |
| 3 years | -1% | -3.4M shares |
SARO has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $50M |
| Q2 2026 | $40M |
| Q1 2026 | $60.1M |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
SARO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.8x | Moderate |
| Q2 2026 | 2.7x | Moderate |
| Q1 2026 | 2.8x | Moderate |
| Q4 2025 | 2.6x | Moderate |
| Q3 2025 | 3.2x | Elevated |
| Q2 2025 | 3.4x | Elevated |
| Q1 2025 | 3.6x | Elevated |
| Q4 2024 | 3.7x | Elevated |
SARO's net debt is about 2.8 years of its operating earnings (EBITDA), down from 3.2 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).
SARO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.0 | Neutral |
| Stochastic | 58.4 | Neutral |
SARO's weekly RSI is 57 (neutral) and its Stochastic is 58 (neutral).
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
SARO PE vs Industrials Sector
| Metric | SARO | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 24x | 9.1% above |
| PE % | 27 | 32 | 5 pts below |
SARO is trading at 26x earnings, in line with 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 |
SARO has stronger trend alignment. RKLB is above 3 of 5 weekly averages versus SARO above 4 of 4.
SARO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $23.2 | 19% above |
| 20 week MA | $25.3 | 8.8% above |
| 50 week MA | $27.0 | 2.1% above |
| 100 week MA | $27.1 | 1.5% above |
SARO is in an uptrend: it's above all four of its weekly moving averages, and 1.5% above its 100-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.
SARO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $32.5 | $25.6 | -21% |
| 2025 | $25.6 | $29.2 | +14% |
| 2026 YTD | $29.2 | $27.6 | -5.5% |
SARO has the edge over RKLB on returns for 2026, with the stronger performance.