RKLB
Rocket Lab USA, Inc.
RKLB offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
TXT
Textron Inc.
TXT 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.
TXT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
TXT's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
TXT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 12x | $84.31 | — |
| Current | 15x | $84.31 | — |
| Cheap | 16x | $89.89 | +6.6% |
| Fair | 18x | $101 | +20% |
| Expensive | 23x | $126 | +49% |
Historical ranges are pointers, not guarantees.
TXT's PE is in its cheap range at 15x. If earnings grow as analysts expect, today's price would be 12x 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.
TXT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for TXT, 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.
TXT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.03 | +27% |
| Q3 2026 | $5.55 | +22% |
| Q2 2026 | $5.30 | +20% |
| Q1 2026 | $5.23 | +18% |
| Q4 2025 | $5.11 | +18% |
| Q3 2025 | $4.56 | +0.2% |
| Q2 2025 | $4.43 | -6.1% |
| Q1 2025 | $4.43 | -5.1% |
| Q4 2024 | $4.33 | -5% |
TXT 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 TXT 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.
TXT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.8B | +4.1% |
| Q2 2026 | $3.8B | +3% |
| Q1 2026 | $3.7B | +12% |
| Q4 2025 | $4.2B | +16% |
| Q3 2025 | $3.6B | +5.1% |
| Q2 2025 | $3.7B | +5.4% |
| Q1 2025 | $3.3B | +5.5% |
| Q4 2024 | $3.6B | -7.2% |
TXT's revenue has grown year over year for seven quarters in a row: $3.8B last quarter, up 4.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.6% | -0.2 points |
| Q2 2026 | 7.9% | -0.2 points |
| Q1 2026 | 7.2% | -0.1 points |
| Q4 2025 | 6.7% | +3 points |
| Q3 2025 | 8.8% | +1.4 points |
| Q2 2025 | 8.1% | -1.1 points |
| Q1 2025 | 7.3% | -0.3 points |
| Q4 2024 | 3.6% | -2.3 points |
TXT 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.
TXT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $323M | +18% |
| Q2 2026 | $209M | -32% |
| Q1 2026 | -$250M | -$70M |
| Q4 2025 | $527M | +80% |
| Q3 2025 | $273M | +99% |
| Q2 2025 | $309M | +5.5% |
| Q1 2025 | -$180M | -$107M |
| Q4 2024 | $293M | -21% |
TXT 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 | — |
TXT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.4% | -2.5M shares |
| 1 year | -3.7% | -6.6M shares |
| 3 years | -14% | -27.5M shares |
| 5 years | -24% | -54M shares |
| Available history | -25% | -57.3M shares |
TXT has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $239M |
| Q2 2026 | $209M |
| Q1 2026 | $168M |
| Q4 2025 | $187M |
| Q3 2025 | $206M |
| Q2 2025 | $214M |
| Q1 2025 | $215M |
| Q4 2024 | $232M |
TXT spent $803M buying back its own shares over the past year, down 7.4% 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.
TXT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.1x | Net Cash |
| Q2 2026 | -1.0x | Net Cash |
| Q1 2026 | -1.0x | Net Cash |
| Q4 2025 | -1.3x | Net Cash |
| Q3 2025 | -1.1x | Net Cash |
| Q2 2025 | -1.1x | Net Cash |
| Q1 2025 | -0.9x | Net Cash |
| Q4 2024 | -1.1x | Net Cash |
TXT 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).
TXT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.4 | Neutral |
| Stochastic | 61.8 | Neutral |
TXT's weekly RSI is 50 (neutral) and its Stochastic is 62 (neutral).
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
TXT PE vs Industrials Sector
| Metric | TXT | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 24x | 37% below |
| PE % | 12 | 58 | 46 pts below |
TXT is trading at 15x earnings, a 37% discount 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.
TXT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $79.3 | 6.3% above |
| 20 week MA | $83.7 | 0.7% above |
| 50 week MA | $88.4 | 4.6% below |
| 100 week MA | $82.8 | 1.8% above |
| 200 week MA | $81.4 | 3.6% above |
TXT 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.
TXT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $44.4 | $48.1 | +8.4% |
| 2021 | $48.1 | $75.9 | +58% |
| 2022 | $75.9 | $70.4 | -7.2% |
| 2023 | $70.4 | $80.4 | +14% |
| 2024 | $80.4 | $77.2 | -4% |
| 2025 | $77.2 | $90.2 | +17% |
| 2026 YTD | $90.2 | $84.3 | -6.6% |
TXT has the edge over RKLB on returns for 2026, with the stronger performance.