RKLB
Rocket Lab USA, Inc.
RKLB offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
TTC
The Toro Company
TTC 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.
TTC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Healthy |
TTC's revenue, profitability, cash flow and balance sheet are all currently healthy.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
TTC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 21x | $107 | — |
| Cheap | 22x | $82.04 | -23% |
| Fair | 26x | $98.24 | -8.1% |
| Current | 29x | $107 | — |
| Expensive | 31x | $117 | +9.1% |
Historical ranges are pointers, not guarantees.
TTC's PE is in its fair range at 29x. If earnings grow as analysts expect, today's price would be 21x 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.
TTC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for TTC, 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.
TTC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.05 | +35% |
| Q3 2026 | $3.74 | +13% |
| Q2 2026 | $3.47 | -11% |
| Q1 2026 | $3.34 | -15% |
| Q4 2025 | $3.17 | -21% |
| Q3 2025 | $3.30 | -13% |
| Q2 2025 | $3.90 | +54% |
| Q1 2025 | $3.91 | +43% |
| Q4 2024 | $4.01 | +28% |
TTC 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 TTC 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.
TTC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.2B | +8.4% |
| Q2 2026 | $1.4B | +8.1% |
| Q1 2026 | $1B | +4.2% |
| Q4 2025 | $1.1B | -0.9% |
| Q3 2025 | $1.1B | -2.2% |
| Q2 2025 | $1.3B | -2.3% |
| Q1 2025 | $995M | -0.7% |
| Q4 2024 | $1.1B | +9.4% |
TTC's revenue has picked up after three years of holding roughly level: $1.2B last quarter, up 8.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.4% | +3.7 points |
| Q2 2026 | 14% | +0.4 points |
| Q1 2026 | 8.4% | +0.6 points |
| Q4 2025 | 8.7% | -1.5 points |
| Q3 2025 | 5.7% | -7.1 points |
| Q2 2025 | 13% | -0.7 points |
| Q1 2025 | 7.8% | -1 points |
| Q4 2024 | 10% | +0.5 points |
TTC 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.
TTC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $159.6M | -23% |
| Q2 2026 | $250.9M | +65% |
| Q1 2026 | $14.6M | +$82.3M |
| Q4 2025 | $286.4M | +43% |
| Q3 2025 | $207.2M | +21% |
| Q2 2025 | $152.4M | -26% |
| Q1 2025 | -$67.7M | +$43.6M |
| Q4 2024 | $200.2M | +85% |
TTC 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 | — |
TTC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.5% | -1.5M shares |
| 1 year | -3.4% | -3.4M shares |
| 3 years | -8.3% | -8.7M shares |
| 5 years | -12% | -12.8M shares |
| Available history | -12% | -12.5M shares |
TTC has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $73M |
| Q2 2026 | $190.2M |
| Q1 2026 | $94.9M |
| Q4 2025 | — |
| Q3 2025 | $90M |
| Q2 2025 | $100M |
| Q1 2025 | $100M |
| Q4 2024 | $136.3M |
TTC spent $358M buying back its own shares over the past year, down 16% 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.
TTC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.2x | Healthy |
| Q2 2026 | 1.4x | Healthy |
| Q1 2026 | 1.6x | Healthy |
| Q4 2025 | 1.1x | Healthy |
| Q3 2025 | 1.5x | Healthy |
| Q2 2025 | 1.4x | Healthy |
| Q1 2025 | 1.4x | Healthy |
| Q4 2024 | 1.1x | Healthy |
TTC's net debt is about 1.2 years of its operating earnings (EBITDA), down from 1.5 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).
TTC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.4 | Neutral |
| Stochastic | 81.6 | Overbought |
TTC's weekly RSI is 63 (neutral) and its Stochastic is 82 (overbought).
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
TTC PE vs Industrials Sector
| Metric | TTC | Sector median | Relative |
|---|---|---|---|
| PE | 29x | 24x | 19% above |
| PE % | 65 | 58 | 7 pts above |
TTC is trading at 29x earnings, a 19% 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.
TTC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $102.1 | 4.6% above |
| 20 week MA | $98.2 | 8.8% above |
| 50 week MA | $93.8 | 14% above |
| 100 week MA | $84.4 | 27% above |
| 200 week MA | $89.0 | 20% above |
TTC 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.
TTC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $80.2 | $93.9 | +17% |
| 2021 | $93.9 | $99.3 | +5.8% |
| 2022 | $99.3 | $113.0 | +14% |
| 2023 | $113.0 | $96.0 | -15% |
| 2024 | $96.0 | $81.0 | -16% |
| 2025 | $81.0 | $79.4 | -2% |
| 2026 YTD | $79.4 | $106.9 | +35% |
TTC has the edge over RKLB on returns for 2026, with the stronger performance.