RKLB
Rocket Lab USA, Inc.
RKLB offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
SNOW
Snowflake Inc.
SNOW has the edge over RKLB overall, supported by stronger fundamentals and lower modeled downside.
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.
SNOW Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Strong | |
| Unavailable |
SNOW's revenue and cash flow are currently strong, but its profitability is under pressure. There isn't enough data to rate its balance sheet.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
SNOW PE Valuation
SNOW has no meaningful PE right now: it lost money over the past year.
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.
SNOW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Moderate |
Analysts expect strong earnings and revenue growth for SNOW, 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 has the edge over SNOW on earnings, with more consistent year-over-year improvement.
SNOW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.74 | — |
| Q3 2026 | -$3.18 | +$0.96 |
| Q2 2026 | -$3.52 | +$0.68 |
| Q1 2026 | -$3.95 | -$0.09 |
| Q4 2025 | -$4.03 | -$0.64 |
| Q3 2025 | -$4.14 | -$1.08 |
| Q2 2025 | -$4.20 | -$1.40 |
| Q1 2025 | -$3.86 | -$1.31 |
| Q4 2024 | -$3.39 | -$0.71 |
SNOW is still losing money, but less than at its worst: $3.18 per share over the past year, against $4.20 at its worst in early 2025.
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 SNOW 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.
SNOW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.5B | +35% |
| Q2 2026 | $1.4B | +33% |
| Q1 2026 | $1.3B | +30% |
| Q4 2025 | $1.2B | +29% |
| Q3 2025 | $1.1B | +32% |
| Q2 2025 | $1B | +26% |
| Q1 2025 | $986.8M | +27% |
| Q4 2024 | $942.1M | +28% |
SNOW's revenue has grown year over year every quarter since late 2020: $1.5B last quarter, up 35% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -17% | +13 points |
| Q2 2026 | -23% | +20 points |
| Q1 2026 | -25% | +14 points |
| Q4 2025 | -27% | +12 points |
| Q3 2025 | -30% | +11 points |
| Q2 2025 | -43% | -0.9 points |
| Q1 2025 | -39% | -3.6 points |
| Q4 2024 | -39% | -3.3 points |
SNOW 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.
SNOW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $83.8M | +44% |
| Q2 2026 | $232.8M | +27% |
| Q1 2026 | $765.1M | +82% |
| Q4 2025 | $113.6M | +29% |
| Q3 2025 | $58.2M | -10% |
| Q2 2025 | $183.4M | -46% |
| Q1 2025 | $421.4M | +27% |
| Q4 2024 | $88.3M | -21% |
SNOW 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 | — |
SNOW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.1% | +3.9M shares |
| 1 year | +4.2% | +14M shares |
| 3 years | +6.7% | +21.9M shares |
| 5 years | +17% | +51.5M shares |
| Available history | +47% | +111M shares |
SNOW has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $300M |
| Q1 2026 | $150M |
| Q4 2025 | $232.9M |
| Q3 2025 | — |
| Q2 2025 | $490.6M |
| Q1 2025 | — |
| Q4 2024 | $1B |
SNOW spent $683M buying back its own shares over the past year, down 55% from 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.
SNOW Net Leverage
SNOW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
SNOW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.4 | Neutral |
| Stochastic | 25.2 | Neutral |
SNOW's weekly RSI is 52 (neutral) and its Stochastic is 25 (neutral).
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
SNOW PE vs Technology Sector
SNOW has no meaningful PE right now: it lost money over the past year.
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.
SNOW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $319.9 | 6.6% below |
| 20 week MA | $311.5 | 4.1% below |
| 50 week MA | $238.6 | 25% above |
| 100 week MA | $218.8 | 37% above |
| 200 week MA | $187.5 | 59% above |
SNOW has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 59% 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.
SNOW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $240.0 | $323.0 | +35% |
| 2021 | $323.0 | $349.2 | +8.1% |
| 2022 | $349.2 | $138.5 | -60% |
| 2023 | $138.5 | $199.0 | +44% |
| 2024 | $199.0 | $158.7 | -20% |
| 2025 | $158.7 | $223.9 | +41% |
| 2026 YTD | $223.9 | $298.7 | +33% |
SNOW has the edge over RKLB on returns for 2026, with the stronger performance.