RKLB
Rocket Lab USA, Inc.
RKLB has the edge over TEX overall, supported by stronger valuation and stronger fundamentals.
TEX
Terex Corporation
TEX 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.
TEX Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Stable | |
| Under pressure |
TEX's revenue is currently strong, and its profitability and cash flow are stable, but its balance sheet is under pressure.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
TEX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8x | $15.81 | -73% |
| Forward | 10x | $57.56 | — |
| Fair | 12x | $24.64 | -57% |
| Expensive | 29x | $57.50 | -0.1% |
| Current | 29x | $57.56 | — |
Historical ranges are pointers, not guarantees.
TEX's PE is in its expensive range at 29x. If earnings grow as analysts expect, today's price would be 10x next year's earnings, in its fair 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.
TEX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for TEX, 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.
TEX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.57 | +181% |
| Q3 2026 | $1.98 | -16% |
| Q2 2026 | $1.96 | -27% |
| Q1 2026 | $2.09 | -43% |
| Q4 2025 | $3.33 | -33% |
| Q3 2025 | $2.35 | -66% |
| Q2 2025 | $2.68 | -63% |
| Q1 2025 | $3.67 | -51% |
| Q4 2024 | $4.96 | -35% |
TEX 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 TEX 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.
TEX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.2B | +58% |
| Q2 2026 | $2.2B | +51% |
| Q1 2026 | $1.7B | +41% |
| Q4 2025 | $1.3B | +6.2% |
| Q3 2025 | $1.4B | +14% |
| Q2 2025 | $1.5B | +7.6% |
| Q1 2025 | $1.2B | -4.9% |
| Q4 2024 | $1.2B | +1.5% |
TEX's revenue has grown year over year for six quarters in a row: $2.2B last quarter, up 58% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.3% | -1.8 points |
| Q2 2026 | 8.4% | -0.3 points |
| Q1 2026 | -4.7% | -10 points |
| Q4 2025 | 10% | +6.1 points |
| Q3 2025 | 10% | 0 points |
| Q2 2025 | 8.7% | -5.3 points |
| Q1 2025 | 5.6% | -6.6 points |
| Q4 2024 | 4.3% | -5.2 points |
TEX 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.
TEX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $241M | +85% |
| Q2 2026 | $128M | +64% |
| Q1 2026 | -$57M | $0 |
| Q3 2025 | $130M | +12% |
| Q2 2025 | $78M | +17% |
| Q1 2025 | -$57M | -$23.1M |
| Q3 2024 | $116.4M | -16% |
| Q2 2024 | $66.5M | -45% |
TEX generated $483M in free cash flow over the past year, up 81% from the year before.
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 the edge over TEX on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
TEX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -200K shares |
| 1 year | +73% | +48.1M shares |
| 3 years | +67% | +45.9M shares |
| 5 years | +61% | +43.1M shares |
| Available history | +59% | +42.2M shares |
TEX has 114M diluted shares, up 73% from a year ago, despite $76M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $72M |
| Q2 2026 | $3M |
| Q1 2026 | — |
| Q4 2025 | $1M |
| Q3 2025 | — |
| Q2 2025 | $23M |
| Q1 2025 | $32M |
| Q4 2024 | $15M |
TEX spent $76M buying back its own shares over the past year, up 8.6% 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.
TEX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.0x | Elevated |
| Q2 2026 | 3.7x | Elevated |
| Q1 2026 | 4.6x | High |
| Q4 2025 | 2.9x | Moderate |
TEX's net debt is about 3.0 years of its operating earnings (EBITDA).
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).
TEX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.4 | Neutral |
| Stochastic | 35.1 | Neutral |
TEX's weekly RSI is 47 (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.
TEX PE vs Industrials Sector
| Metric | TEX | Sector median | Relative |
|---|---|---|---|
| PE | 29x | 24x | 21% above |
| PE % | 83 | 58 | 25 pts above |
TEX is trading at 29x earnings, a 21% 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.
TEX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $54.5 | 5.7% above |
| 20 week MA | $60.9 | 5.5% below |
| 50 week MA | $60.7 | 5.1% below |
| 100 week MA | $53.4 | 7.9% above |
| 200 week MA | $54.2 | 6.2% above |
TEX's trend is mixed: it's above three of its five weekly moving averages, and 6.2% 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.
TEX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $30.1 | $35.9 | +19% |
| 2021 | $35.9 | $43.5 | +21% |
| 2022 | $43.5 | $43.1 | -1.1% |
| 2023 | $43.1 | $57.5 | +33% |
| 2024 | $57.5 | $45.2 | -21% |
| 2025 | $45.2 | $55.2 | +22% |
| 2026 YTD | $55.2 | $57.6 | +4.3% |
TEX has the edge over RKLB on returns for 2026, with the stronger performance.