RKLB
Rocket Lab USA, Inc.
RKLB offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
TPC
Tutor Perini Corporation
TPC has the 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.
TPC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Strong |
TPC's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
TPC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.9x | $15.55 | -85% |
| Fair | 8.1x | $21.22 | -79% |
| Forward | 19x | $100 | — |
| Current | 38x | $100 | — |
| Expensive | 48x | $127 | +27% |
Historical ranges are pointers, not guarantees.
TPC's PE is in its expensive range at 38x. If earnings grow 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.
TPC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for TPC, 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.
TPC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.36 | +104% |
| Q3 2026 | $2.63 | +$3.18 |
| Q2 2026 | $2.31 | +$4.85 |
| Q1 2026 | $1.46 | +$4.36 |
| Q4 2025 | $1.51 | +$4.64 |
| Q3 2025 | -$0.55 | +$1.97 |
| Q2 2025 | -$2.54 | -$1.23 |
| Q1 2025 | -$2.90 | -$0.85 |
| Q4 2024 | -$3.13 | +$0.17 |
TPC 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 TPC on sales, with stronger typical year-over-year growth.
| 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.
TPC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.7B | +22% |
| Q2 2026 | $1.6B | +19% |
| Q1 2026 | $1.4B | +11% |
| Q4 2025 | $1.5B | +41% |
| Q3 2025 | $1.4B | +31% |
| Q2 2025 | $1.4B | +22% |
| Q1 2025 | $1.2B | +19% |
| Q4 2024 | $1.1B | +4.5% |
TPC's revenue has grown year over year for 12 quarters in a row: $1.7B last quarter, up 22% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 7.3% | +4.5 points |
| Q2 2026 | 7.2% | +1.6 points |
| Q1 2026 | 4.3% | -1 points |
| Q4 2025 | 3.3% | +11 points |
| Q3 2025 | 2.8% | +13 points |
| Q2 2025 | 5.6% | +2 points |
| Q1 2025 | 5.2% | +0.6 points |
| Q4 2024 | -8.1% | -5.9 points |
TPC 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.
TPC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $291.3M | +21% |
| Q2 2026 | $153.6M | -35% |
| Q1 2026 | $128.9M | +$136.1M |
| Q4 2025 | $98.7M | -69% |
| Q3 2025 | $240.2M | +1435% |
| Q2 2025 | $235.6M | +458% |
| Q1 2025 | -$7.2M | -108% |
| Q4 2024 | $320.4M | +166% |
TPC 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 | — |
TPC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -21K shares |
| 1 year | -0.4% | -213K shares |
| 3 years | +2.8% | +1.5M shares |
| 5 years | +4.1% | +2.1M shares |
| Available history | +6.4% | +3.2M shares |
TPC has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $10M |
| Q1 2026 | $20M |
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
TPC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.8x | Net Cash |
| Q2 2026 | -1.7x | Net Cash |
| Q1 2026 | -1.5x | Net Cash |
| Q4 2025 | -1.2x | Net Cash |
| Q3 2025 | -1.9x | Net Cash |
| Q2 2025 | -283.0x | Net Cash |
| Q3 2024 | 27.4x | High |
| Q2 2024 | 3.9x | Elevated |
TPC has more cash than debt.
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).
TPC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 64.6 | Neutral |
| Stochastic | 55.4 | Neutral |
TPC's weekly RSI is 65 (neutral) and its Stochastic is 55 (neutral).
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
TPC PE vs Industrials Sector
| Metric | TPC | Sector median | Relative |
|---|---|---|---|
| PE | 38x | 24x | 58% above |
| PE % | 74 | 58 | 16 pts above |
TPC is trading at 38x earnings, a 58% 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.
TPC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $84.8 | 18% above |
| 20 week MA | $85.9 | 17% above |
| 50 week MA | $80.3 | 25% above |
| 100 week MA | $61.1 | 64% above |
| 200 week MA | $37.3 | 169% above |
TPC has the edge over RKLB on trend strength, trading above more of its moving averages.
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.
TPC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $12.7 | $13.4 | +6.2% |
| 2021 | $13.4 | $12.4 | -7.5% |
| 2022 | $12.4 | $7.54 | -39% |
| 2023 | $7.54 | $9.10 | +21% |
| 2024 | $9.10 | $23.8 | +162% |
| 2025 | $23.8 | $69.1 | +190% |
| 2026 YTD | $69.1 | $100.3 | +45% |
TPC has the edge over RKLB on returns for 2026, with the stronger performance.