RKLB
Rocket Lab USA, Inc.
RKLB offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
TH
Target Hospitality Corp.
TH has the edge over RKLB overall, supported by 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.
TH Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Weak | |
| Strong | |
| Weak |
TH's revenue and cash flow are currently strong, but its profitability and balance sheet are weak.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
TH PE Valuation
TH has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 19x next year's earnings.
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.
TH Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect TH to return to profit, with revenue growing. 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 has the edge over TH on earnings, with more consistent year-over-year improvement.
TH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.64 | — |
| Q3 2026 | -$0.45 | -$0.34 |
| Q2 2026 | -$0.37 | -470% |
| Q1 2026 | -$0.43 | -200% |
| Q4 2025 | -$0.37 | -153% |
| Q3 2025 | -$0.11 | -112% |
| Q2 2025 | $0.10 | -91% |
| Q1 2025 | $0.43 | -69% |
| Q4 2024 | $0.70 | -55% |
TH lost $0.45 per share over the past year, a bigger loss than the year before.
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 TH 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.
TH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $129.1M | +30% |
| Q2 2026 | $85.5M | +39% |
| Q1 2026 | $72.8M | +4.1% |
| Q4 2025 | $89.8M | +7.3% |
| Q3 2025 | $99.4M | +4.4% |
| Q2 2025 | $61.6M | -39% |
| Q1 2025 | $69.9M | -34% |
| Q4 2024 | $83.7M | -34% |
TH's revenue is recovering but still below its 2022 peak: $129M last quarter, up 30% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.3% | +2.2 points |
| Q2 2026 | -8.8% | +19 points |
| Q1 2026 | -20% | -18 points |
| Q4 2025 | -19% | -44 points |
| Q3 2025 | 0.1% | -29 points |
| Q2 2025 | -27% | -57 points |
| Q1 2025 | -1.5% | -30 points |
| Q4 2024 | 25% | -12 points |
TH 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.
TH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $40.4M | -24% |
| Q2 2026 | $96.2M | +772% |
| Q1 2026 | $6.9M | +$18.4M |
| Q4 2025 | $5.7M | -81% |
| Q3 2025 | $53.3M | +70% |
| Q2 2025 | $11M | -72% |
| Q1 2025 | -$11.6M | -123% |
| Q4 2024 | $30.2M | -21% |
TH 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 | — |
TH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -315K shares |
| 1 year | +0.1% | +121K shares |
| 3 years | -4.9% | -5.2M shares |
| 5 years | +3.2% | +3.1M shares |
| Available history | +2.1% | +2.1M shares |
TH has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2024 | $11.6M |
| Q3 2024 | $1.1M |
| Q2 2024 | $23,000 |
| Q1 2024 | $21.2M |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | $5.3M |
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
TH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.5x | High |
| Q2 2026 | 1.0x | Very low |
| Q1 2026 | 1.0x | Healthy |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | -0.4x | Net Cash |
| Q2 2025 | 0.1x | Very low |
| Q1 2025 | 0.1x | Very low |
| Q4 2024 | -0.1x | Net Cash |
TH's net debt is about 4.5 years of its operating earnings (EBITDA), after holding more cash than debt 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).
TH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.1 | Neutral |
| Stochastic | 12.4 | Oversold |
TH's weekly RSI is 37 (neutral) and its Stochastic is 12 (oversold).
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
TH PE vs Industrials Sector
| Metric | TH | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
TH 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 has the edge over TH on trend strength, trading above more of its moving averages.
TH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $15.5 | 23% below |
| 20 week MA | $16.9 | 29% below |
| 50 week MA | $13.8 | 13% below |
| 100 week MA | $10.8 | 11% above |
| 200 week MA | $11.2 | 6.8% above |
TH has slipped below its 8-, 20- and 50-week averages, though it's still 6.8% 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.
TH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $4.92 | $1.61 | -67% |
| 2021 | $1.61 | $3.31 | +106% |
| 2022 | $3.31 | $15.5 | +369% |
| 2023 | $15.5 | $9.73 | -37% |
| 2024 | $9.73 | $9.88 | +1.5% |
| 2025 | $9.88 | $8.48 | -14% |
| 2026 YTD | $8.48 | $12.0 | +41% |
TH has the edge over RKLB on returns for 2026, with the stronger performance.