RKLB
Rocket Lab USA, Inc.
RKLB has a slight edge over SWIM overall, supported by stronger valuation and stronger fundamentals.
SWIM
Latham Group, Inc.
SWIM has lower modeled downside risk, despite its lower overall score.
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.
SWIM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Stable |
SWIM'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.
SWIM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 32x | $8.19 | — |
| Cheap | 57x | $4.59 | -44% |
| Fair | 69x | $5.50 | -33% |
| Expensive | 96x | $7.67 | -6.4% |
| Current | 102x | $8.19 | — |
Historical ranges are pointers, not guarantees.
SWIM's PE is in its expensive range at 102x. If earnings grow as analysts expect, today's price would be 32x next year's earnings, in its cheap range.
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.
SWIM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for SWIM, with profitability improving. However, they disagree widely on these estimates.
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.
SWIM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.26 | +225% |
| Q3 2026 | $0.08 | +$0.17 |
| Q2 2026 | $0.05 | +$0.16 |
| Q1 2026 | $0.07 | +$0.20 |
| Q4 2025 | $0.09 | +$0.24 |
| Q3 2025 | -$0.09 | -190% |
| Q2 2025 | -$0.11 | -210% |
| Q1 2025 | -$0.13 | -425% |
| Q4 2024 | -$0.15 | -$0.13 |
SWIM 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 SWIM 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.
SWIM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $182.2M | +13% |
| Q2 2026 | $197.5M | +14% |
| Q1 2026 | $117.3M | +5.3% |
| Q4 2025 | $100M | +15% |
| Q3 2025 | $161.9M | +7.6% |
| Q2 2025 | $172.6M | +7.8% |
| Q1 2025 | $111.4M | +0.7% |
| Q4 2024 | $87.3M | -4% |
SWIM's revenue has grown year over year for seven quarters in a row: $182M last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | -0.3 points |
| Q2 2026 | 13% | -1.6 points |
| Q1 2026 | -5.6% | -1.2 points |
| Q4 2025 | -11% | +4.2 points |
| Q3 2025 | 13% | +4.4 points |
| Q2 2025 | 14% | +1.8 points |
| Q1 2025 | -4.4% | -2.6 points |
| Q4 2024 | -15% | -5 points |
SWIM 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.
SWIM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $42.7M | -5.6% |
| Q2 2026 | $48M | +65% |
| Q1 2026 | -$58.2M | -$7.9M |
| Q4 2025 | $14.1M | +$14.2M |
| Q3 2025 | $45.2M | +36% |
| Q2 2025 | $29.1M | -39% |
| Q1 2025 | -$50.3M | -$10.5M |
| Q4 2024 | -$98K | -100% |
SWIM 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 | — |
SWIM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +257K shares |
| 1 year | -0.1% | -110K shares |
| 3 years | +4.5% | +5.1M shares |
| 5 years | +6.8% | +7.6M shares |
| Available history | -1.8% | -2.2M shares |
SWIM has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2022 | $8M |
| Q3 2022 | — |
| Q2 2022 | $15M |
| Q1 2022 | $257.7M |
| Q4 2021 | — |
| Q3 2021 | — |
| Q4 2020 | $6,000 |
| Q3 2020 | — |
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
SWIM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.3x | Moderate |
| Q2 2026 | 2.9x | Moderate |
| Q1 2026 | 3.1x | Elevated |
| Q4 2025 | 2.6x | Moderate |
| Q3 2025 | 2.7x | Moderate |
| Q2 2025 | 3.7x | Elevated |
| Q1 2025 | 4.6x | High |
| Q4 2024 | 3.6x | Elevated |
SWIM's net debt is about 2.3 years of its operating earnings (EBITDA), down from 2.7 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).
SWIM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 67.0 | Neutral |
| Stochastic | 84.2 | Overbought |
SWIM's weekly RSI is 67 (neutral) and its Stochastic is 84 (overbought).
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
SWIM PE vs Industrials Sector
| Metric | SWIM | Sector median | Relative |
|---|---|---|---|
| PE | 102x | 24x | 325% above |
| PE % | 87 | 60 | 27 pts above |
SWIM is trading at 102x earnings, a 325% 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.
SWIM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.85 | 20% above |
| 20 week MA | $6.62 | 24% above |
| 50 week MA | $6.30 | 30% above |
| 100 week MA | $6.51 | 26% above |
| 200 week MA | $5.14 | 59% above |
SWIM 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.
SWIM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $27.3 | $24.6 | -9.9% |
| 2022 | $24.6 | $3.12 | -87% |
| 2023 | $3.12 | $2.63 | -16% |
| 2024 | $2.63 | $7.00 | +166% |
| 2025 | $7.00 | $6.34 | -9.4% |
| 2026 YTD | $6.34 | $8.19 | +29% |
SWIM has the edge over RKLB on returns for 2026, with the stronger performance.