RKLB
Rocket Lab USA, Inc.
RKLB offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
TRU
TransUnion
TRU has the edge over RKLB overall, supported by lower modeled downside and stronger valuation.
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.
TRU Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Stable |
TRU's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
TRU PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $65.96 | -19% |
| Forward | 16x | $80.97 | — |
| Current | 20x | $80.97 | — |
| Fair | 46x | $188 | +132% |
| Expensive | 55x | $225 | +177% |
Historical ranges are pointers, not guarantees.
TRU's PE is in its cheap range at 20x, but its recent earnings include one-off gains. If earnings grow as analysts expect, today's price would be 16x 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.
TRU Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for TRU, 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.
TRU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.12 | +25% |
| Q3 2026 | $4.11 | +93% |
| Q2 2026 | $3.79 | +90% |
| Q1 2026 | $3.61 | +93% |
| Q4 2025 | $2.32 | +60% |
| Q3 2025 | $2.13 | +85% |
| Q2 2025 | $1.99 | +$2.84 |
| Q1 2025 | $1.87 | +$2.88 |
| Q4 2024 | $1.45 | +$2.52 |
TRU 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 TRU 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.
TRU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.3B | +12% |
| Q2 2026 | $1.3B | +15% |
| Q1 2026 | $1.2B | +14% |
| Q4 2025 | $1.2B | +13% |
| Q3 2025 | $1.2B | +7.8% |
| Q2 2025 | $1.1B | +9.5% |
| Q1 2025 | $1.1B | +7.3% |
| Q4 2024 | $1B | +8.6% |
TRU's revenue has grown year over year every quarter since late 2020: $1.3B last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | +2.6 points |
| Q2 2026 | 20% | +2.8 points |
| Q1 2026 | 20% | -3.6 points |
| Q4 2025 | 17% | +0.9 points |
| Q3 2025 | 18% | +3.3 points |
| Q2 2025 | 17% | -0.7 points |
| Q1 2025 | 23% | +7.8 points |
| Q4 2024 | 16% | +10 points |
TRU 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.
TRU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $362.6M | +51% |
| Q2 2026 | $305.7M | +43% |
| Q1 2026 | $19M | +$34.9M |
| Q4 2025 | $222.8M | +63% |
| Q3 2025 | $240.4M | +49% |
| Q2 2025 | $214.3M | -5.6% |
| Q1 2025 | -$15.9M | -$7.5M |
| Q4 2024 | $136.9M | +31% |
TRU 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 | — |
TRU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1.1M shares |
| 1 year | -2.3% | -4.6M shares |
| 3 years | -0.4% | -800K shares |
| 5 years | -0.3% | -500K shares |
| Available history | +0.4% | +800K shares |
TRU has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $128.8M |
| Q2 2026 | $103.4M |
| Q1 2026 | $12.1M |
| Q4 2025 | $149.4M |
| Q3 2025 | $113.8M |
| Q2 2025 | $33.4M |
| Q1 2025 | $5.4M |
TRU spent $394M buying back its own shares over the past year.
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
TRU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.9x | Moderate |
| Q2 2026 | 3.1x | Elevated |
| Q1 2026 | 3.4x | Elevated |
| Q4 2025 | 3.0x | Moderate |
| Q3 2025 | 3.2x | Elevated |
| Q2 2025 | 3.4x | Elevated |
| Q1 2025 | 3.5x | Elevated |
| Q4 2024 | 3.7x | Elevated |
TRU's net debt is about 2.9 years of its operating earnings (EBITDA), down from 3.1 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).
TRU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.0 | Neutral |
| Stochastic | 73.4 | Neutral |
TRU's weekly RSI is 55 (neutral) and its Stochastic is 73 (neutral).
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
TRU PE vs Industrials Sector
| Metric | TRU | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 24x | 18% below |
| PE % | 21 | 58 | 37 pts below |
TRU is trading at 20x earnings, a 18% discount to the Industrials sector's median of 24x, though its recent earnings include one-off gains.
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.
TRU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $74.1 | 9.3% above |
| 20 week MA | $77.1 | 5% above |
| 50 week MA | $76.0 | 6.5% above |
| 100 week MA | $81.6 | 0.8% below |
| 200 week MA | $79.1 | 2.3% above |
TRU 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.
TRU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $85.4 | $101.0 | +18% |
| 2021 | $101.0 | $117.6 | +16% |
| 2022 | $117.6 | $56.5 | -52% |
| 2023 | $56.5 | $68.7 | +22% |
| 2024 | $68.7 | $93.7 | +36% |
| 2025 | $93.7 | $87.4 | -6.8% |
| 2026 YTD | $87.4 | $81.0 | -7.3% |
TRU has the edge over RKLB on returns for 2026, with the stronger performance.