RKLB
Rocket Lab USA, Inc.
RKLB lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink, though they disagree widely on how much.
TOPS
Top Ships Inc.
There isn't enough reported data to score TOPS yet.
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.
TOPS Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Stable | |
| Unavailable | |
| Weak |
TOPS's profitability is currently stable, but its balance sheet is weak. There isn't enough data to rate its revenue and cash flow.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
TOPS PE Valuation
TOPS has no meaningful PE right now: it lost money over the past year.
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.
TOPS Forward outlook
There aren't enough analyst estimates for TOPS to show an outlook.
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.
TOPS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2025 | $6.70 | -39% |
TOPS and RKLB do not have enough comparable growth data to identify a winner.
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 TOPS in the latest year-over-year revenue comparison.
| 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.
TOPS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $25.5M | -42% |
| Q2 2025 | $43.8M | +4.1% |
| Q2 2024 | $42.1M | +2.2% |
| Q2 2023 | $41.1M | +5.9% |
| Q4 2022 | $41.8M | +35% |
| Q2 2022 | $38.8M | +53% |
| Q4 2021 | $31.1M | +125% |
TOPS's revenue has held roughly level: $25M last quarter, down 38% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 46% | +12 points |
| Q4 2025 | 22% | N/A |
| Q2 2025 | 42% | +2.1 points |
| Q2 2024 | 34% | -5 points |
| Q2 2023 | 40% | +23 points |
| Q4 2022 | 42% | -2.8 points |
| Q2 2022 | 39% | +24 points |
| Q4 2021 | 34% | N/A |
TOPS 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.
TOPS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$51.6M | -428% |
TOPS and RKLB do not have enough comparable growth data to identify a winner.
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 TOPS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
TOPS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +132% | +609K shares |
| 1 year | +132% | +609K shares |
TOPS has 1M diluted shares, up 132% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q4 2020 | $1,000 |
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
TOPS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2025 | 5.7x | High |
| Q4 2024 | 6.1x | High |
| Q2 2024 | 6.2x | High |
| Q4 2023 | 4.8x | High |
| Q2 2023 | 5.0x | High |
| Q4 2022 | 4.6x | High |
| Q2 2022 | 6.4x | High |
| Q4 2021 | 4.2x | High |
TOPS's net debt is about 5.7 years of its operating earnings (EBITDA), up from 5.0 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).
TOPS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 16.8 | Oversold |
| Stochastic | 4.7 | Oversold |
TOPS's weekly RSI is 17 (oversold) 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.
TOPS PE vs Industrials Sector
| Metric | TOPS | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
TOPS 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 TOPS on trend strength, trading above more of its moving averages.
TOPS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.16 | 32% below |
| 20 week MA | $6.20 | 55% below |
| 50 week MA | $23.3 | 88% below |
| 100 week MA | $41.9 | 93% below |
| 200 week MA | $73.8 | 96% below |
TOPS is in a downtrend: it's below all five of its weekly moving averages, and 96% 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 TOPS on returns for 2026, with the stronger performance.
TOPS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $51,000.0 | $2,976.0 | -94% |
| 2021 | $2,976.0 | $2,328.0 | -22% |
| 2022 | $2,328.0 | $139.2 | -94% |
| 2023 | $139.2 | $156.2 | +12% |
| 2024 | $156.2 | $61.2 | -61% |
| 2025 | $61.2 | $50.6 | -17% |
| 2026 YTD | $50.6 | $2.81 | -94% |
TOPS has finished lower in five of the last six years. It's down 94% so far in 2026.