RKLB
Rocket Lab USA, Inc.
RKLB offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
STN
Stantec Inc.
STN 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.
STN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Stable |
STN's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
STN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 24x | $75.87 | +1% |
| Current | 24x | $75.13 | — |
| Fair | 36x | $113 | +51% |
| Expensive | 40x | $125 | +67% |
Historical ranges are pointers, not guarantees.
STN's PE is 24x, but its earnings don't support one, so it isn't a reliable read right now.
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.
STN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for STN, 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.
STN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $3.12 | +16% |
| Q1 2026 | $3.03 | +27% |
| Q4 2025 | $2.96 | +32% |
| Q3 2025 | $2.99 | +42% |
| Q2 2025 | $2.69 | +26% |
| Q1 2025 | $2.38 | +9.7% |
| Q4 2024 | $2.25 | +7.1% |
| Q3 2024 | $2.11 | +0.5% |
STN 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 STN 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.
STN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.3B | +23% |
| Q1 2026 | $1.5B | +7.8% |
| Q4 2025 | $1.5B | +7.9% |
| Q3 2025 | $1.5B | +11% |
| Q2 2025 | $1B | -24% |
| Q1 2025 | $1.4B | +12% |
| Q4 2024 | $1.4B | +22% |
| Q3 2024 | $1.4B | +55% |
STN's revenue has grown year over year for four quarters in a row: $1.3B last quarter, up 23% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 14% | +5 points |
| Q1 2026 | 8.4% | +0.5 points |
| Q4 2025 | 8.7% | +1.1 points |
| Q3 2025 | 10% | +1.5 points |
| Q2 2025 | 9.4% | +1.3 points |
| Q1 2025 | 8% | +1.1 points |
| Q4 2024 | 7.6% | +0.3 points |
| Q3 2024 | 8.8% | -1.4 points |
STN 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.
STN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $69.3M | -14% |
| Q1 2026 | -$16.8M | -128% |
| Q4 2025 | $203.6M | -4.7% |
| Q3 2025 | $212M | +110% |
| Q2 2025 | $80.8M | +234% |
| Q1 2025 | $59.5M | +281% |
| Q4 2024 | $213.5M | +25% |
| Q3 2024 | $101.1M | +27% |
STN 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 | — |
STN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -507K shares |
| 1 year | -0.4% | -507K shares |
| 3 years | +2.3% | +2.5M shares |
| 5 years | +1.6% | +1.8M shares |
| Available history | +1.8% | +2M shares |
STN has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $123.7M |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
STN spent $124M buying back its own shares over the past year, after none 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.
STN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 2.0x | Moderate |
| Q1 2026 | 2.1x | Moderate |
| Q4 2025 | 2.7x | Moderate |
| Q3 2025 | 2.3x | Moderate |
| Q2 2025 | 1.9x | Healthy |
| Q1 2025 | 1.9x | Healthy |
| Q4 2024 | 2.0x | Moderate |
| Q3 2024 | 2.4x | Moderate |
STN's net debt is about 2.0 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).
STN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.7 | Neutral |
| Stochastic | 62.9 | Neutral |
STN's weekly RSI is 52 (neutral) and its Stochastic is 63 (neutral).
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
STN PE vs Industrials Sector
| Metric | STN | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 24x | Same PE |
| PE % | 15 | 58 | 43 pts below |
STN is trading at 24x earnings, in line with the Industrials sector's median of 24x, though its earnings don't support one.
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 STN on trend strength, trading above more of its moving averages.
STN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $70.7 | 6.3% above |
| 20 week MA | $71.0 | 5.8% above |
| 50 week MA | $81.2 | 7.5% below |
| 100 week MA | $89.0 | 16% below |
| 200 week MA | $80.9 | 7.2% below |
STN has bounced recently, but its long-term trend is still down: it's above its 8- and 20-week averages, but 7.2% below 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 has the edge over STN on returns for 2026, with the stronger performance.
STN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $28.1 | $32.2 | +14% |
| 2021 | $32.2 | $55.4 | +72% |
| 2022 | $55.4 | $47.1 | -15% |
| 2023 | $47.1 | $80.2 | +70% |
| 2024 | $80.2 | $78.9 | -1.6% |
| 2025 | $78.9 | $96.1 | +22% |
| 2026 YTD | $96.1 | $75.1 | -22% |
STN has finished higher in four of the last six years, two of them by more than 50%. It's down 22% so far in 2026.