RKLB
Rocket Lab USA, Inc.
RKLB offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
TFII
TFI International Inc.
TFII has a slight 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.
TFII Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Stable |
TFII's profitability and cash flow are currently healthy, and its revenue and balance sheet are stable.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
TFII PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $56.59 | -41% |
| Forward | 15x | $96.09 | — |
| Fair | 20x | $88.07 | -8.3% |
| Current | 22x | $96.09 | — |
| Expensive | 31x | $135 | +40% |
Historical ranges are pointers, not guarantees.
TFII's PE is in its fair range at 22x. If earnings grow as analysts expect, today's price would be 15x 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.
TFII Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for TFII, 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.
TFII Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.59 | +50% |
| Q2 2026 | $4.40 | +1.6% |
| Q1 2026 | $3.94 | -12% |
| Q4 2025 | $4.07 | -17% |
| Q3 2025 | $3.84 | -30% |
| Q2 2025 | $4.33 | -22% |
| Q1 2025 | $4.50 | -21% |
| Q4 2024 | $4.93 | -16% |
| Q3 2024 | $5.52 | -8.3% |
TFII 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 TFII 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.
TFII Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $2.3B | +11% |
| Q1 2026 | $1.9B | -0.8% |
| Q4 2025 | $2.7B | +28% |
| Q3 2025 | $1.9B | -11% |
| Q2 2025 | $2.1B | -8.5% |
| Q1 2025 | $2B | +5% |
| Q4 2024 | $2.1B | +2.7% |
| Q3 2024 | $2.2B | +14% |
TFII's revenue has picked up after three years of holding roughly level: $2.3B last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 9.3% | +1.1 points |
| Q1 2026 | 4.4% | -1.4 points |
| Q4 2025 | 6.6% | -0.9 points |
| Q3 2025 | 7.6% | -1.7 points |
| Q2 2025 | 8.2% | -0.9 points |
| Q1 2025 | 5.8% | -2.3 points |
| Q4 2024 | 7.5% | -2.8 points |
| Q3 2024 | 9.3% | -1.2 points |
TFII 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.
TFII Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $180M | +8.7% |
| Q1 2026 | $94.3M | -38% |
| Q4 2025 | $277.9M | +51% |
| Q3 2025 | $181.5M | -21% |
| Q2 2025 | $165.6M | +28% |
| Q1 2025 | $152.8M | +25% |
| Q4 2024 | $183.7M | -19% |
| Q3 2024 | $229M | +46% |
TFII 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 | — |
TFII Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +24.9K shares |
| 1 year | -1.5% | -1.2M shares |
| 3 years | -5.4% | -4.7M shares |
| 5 years | -14% | -12.9M shares |
| Available history | -17% | -16.6M shares |
TFII has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $4.5M |
| Q1 2026 | $12M |
| Q4 2025 | $24M |
| Q3 2025 | $66.5M |
| Q2 2025 | $86.5M |
| Q1 2025 | $72.9M |
| Q4 2024 | $41M |
| Q3 2024 | $682,511 |
TFII spent $107M buying back its own shares over the past year, down 47% 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.
TFII Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 2.2x | Moderate |
| Q1 2026 | 2.4x | Moderate |
| Q4 2025 | 2.7x | Moderate |
| Q3 2025 | 2.5x | Moderate |
| Q2 2025 | 2.4x | Moderate |
| Q1 2025 | 2.3x | Moderate |
| Q4 2024 | 2.3x | Moderate |
| Q3 2024 | 2.4x | Moderate |
TFII's net debt is about 2.2 years of its operating earnings (EBITDA), down from 2.4 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).
TFII Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 31.3 | Neutral |
| Stochastic | 5.0 | Oversold |
TFII's weekly RSI is 31 (neutral) and its Stochastic is 5 (oversold).
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
TFII PE vs Industrials Sector
| Metric | TFII | Sector median | Relative |
|---|---|---|---|
| PE | 22x | 24x | 9.3% below |
| PE % | 53 | 58 | 5 pts below |
TFII is trading at 22x 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 |
RKLB has the edge over TFII on trend strength, trading above more of its moving averages.
TFII Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $108.1 | 11% below |
| 20 week MA | $127.4 | 25% below |
| 50 week MA | $124.8 | 23% below |
| 100 week MA | $110.5 | 13% below |
| 200 week MA | $120.8 | 20% below |
TFII is in a downtrend: it's below all five of its weekly moving averages, and 20% 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 TFII on returns for 2026, with the stronger performance.
TFII Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $34.0 | $51.6 | +52% |
| 2021 | $51.6 | $108.7 | +111% |
| 2022 | $108.7 | $101.4 | -6.7% |
| 2023 | $101.4 | $136.0 | +34% |
| 2024 | $136.0 | $137.7 | +1.3% |
| 2025 | $137.7 | $106.3 | -23% |
| 2026 YTD | $106.3 | $96.1 | -9.6% |
TFII has finished higher in four of the last six years, two of them by more than 50%. It's down 9.6% so far in 2026.