RKLB
Rocket Lab USA, Inc.
RKLB has the edge over TNC overall, supported by stronger valuation and stronger fundamentals.
TNC
Tennant Company
TNC 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.
TNC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Under pressure | |
| Under pressure |
TNC's revenue and profitability are currently stable, but its cash flow and balance sheet are under pressure.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
TNC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 14x | $75.03 | — |
| Cheap | 17x | $22.83 | -70% |
| Fair | 24x | $32.95 | -56% |
| Expensive | 31x | $42.27 | -44% |
| Current | 55x | $75.03 | — |
Historical ranges are pointers, not guarantees.
TNC's PE is in its expensive range at 55x. If earnings grow as analysts expect, today's price would be 14x 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.
TNC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for TNC, 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.
TNC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.18 | +281% |
| Q3 2026 | $1.36 | -53% |
| Q2 2026 | $1.04 | -68% |
| Q1 2026 | $1.68 | -53% |
| Q4 2025 | $2.36 | -46% |
| Q3 2025 | $2.92 | -49% |
| Q2 2025 | $3.21 | -45% |
| Q1 2025 | $3.58 | -41% |
| Q4 2024 | $4.38 | -25% |
TNC 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 TNC 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.
TNC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $322.3M | +6.3% |
| Q2 2026 | $324M | +1.7% |
| Q1 2026 | $297.9M | +2.7% |
| Q4 2025 | $291.6M | -11% |
| Q3 2025 | $303.3M | -4% |
| Q2 2025 | $318.6M | -3.7% |
| Q1 2025 | $290M | -6.8% |
| Q4 2024 | $328.9M | +5.6% |
TNC's revenue grew through 2023 and has held roughly level since: $322M last quarter, up 6.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.7% | +2.3 points |
| Q2 2026 | 4.9% | -4.7 points |
| Q1 2026 | 1.6% | -5.1 points |
| Q4 2025 | -1.4% | -3.8 points |
| Q3 2025 | 7.3% | -2.3 points |
| Q2 2025 | 9.6% | -2.1 points |
| Q1 2025 | 6.8% | -5.3 points |
| Q4 2024 | 2.3% | -5.6 points |
TNC 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 the edge over TNC on cash flow, with more consistent year-over-year improvement.
TNC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $5.2M | -77% |
| Q2 2026 | -$300K | -102% |
| Q1 2026 | -$34.4M | -$27M |
| Q4 2025 | $9.7M | -65% |
| Q3 2025 | $22.3M | -16% |
| Q2 2025 | $18.7M | +30% |
| Q1 2025 | -$7.4M | -$7.3M |
| Q4 2024 | $28.1M | -50% |
TNC's free cash flow was −$20M over the past year, against $62M 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 652M diluted shares, up 23% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
TNC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -4.7K shares |
| 1 year | -7.4% | -1.4M shares |
| 3 years | -9.1% | -1.7M shares |
| 5 years | -9% | -1.7M shares |
| Available history | -7% | -1.3M shares |
TNC has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $100,000 |
| Q2 2026 | $500,000 |
| Q1 2026 | $60M |
| Q4 2025 | $32.2M |
| Q3 2025 | $22.7M |
| Q2 2025 | $13.4M |
| Q1 2025 | $20.2M |
| Q4 2024 | $2.5M |
TNC spent $93M buying back its own shares over the past year, up 58% 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.
TNC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.6x | Moderate |
| Q2 2026 | 2.9x | Moderate |
| Q1 2026 | 2.4x | Moderate |
| Q4 2025 | 1.3x | Healthy |
| Q3 2025 | 1.0x | Healthy |
| Q2 2025 | 0.9x | Very low |
| Q1 2025 | 0.9x | Very low |
| Q4 2024 | 0.6x | Very low |
TNC's net debt is about 2.6 years of its operating earnings (EBITDA), up from a year 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).
TNC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.8 | Neutral |
| Stochastic | 38.5 | Neutral |
TNC's weekly RSI is 53 (neutral) and its Stochastic is 38 (neutral).
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
TNC PE vs Industrials Sector
| Metric | TNC | Sector median | Relative |
|---|---|---|---|
| PE | 55x | 24x | 129% above |
| PE % | 96 | 58 | 38 pts above |
TNC is trading at 55x earnings, a 129% 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 has the edge over TNC on trend strength, trading above more of its moving averages.
TNC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $68.2 | 10% above |
| 20 week MA | $73.3 | 2.4% above |
| 50 week MA | $76.0 | 1.3% below |
| 100 week MA | $77.7 | 3.5% below |
| 200 week MA | $83.0 | 9.6% below |
TNC has bounced recently, but its long-term trend is still down: it's above its 8- and 20-week averages, but 9.6% 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's yearly returns have swung widely, from +392% in 2024 to −69% in 2022. It's down 9.3% so far in 2026.
TNC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $78.3 | $69.5 | -11% |
| 2021 | $69.5 | $80.4 | +16% |
| 2022 | $80.4 | $60.0 | -25% |
| 2023 | $60.0 | $92.7 | +54% |
| 2024 | $92.7 | $80.8 | -13% |
| 2025 | $80.8 | $75.4 | -6.6% |
| 2026 YTD | $75.4 | $75.0 | -0.5% |
TNC has the edge over RKLB on returns for 2026, with the stronger performance.