RKLB
Rocket Lab USA, Inc.
RKLB has the edge over UAL overall, supported by stronger valuation and stronger fundamentals.
UAL
United Airlines Holdings, Inc.
UAL has lower modeled downside risk, despite its lower overall score.
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.
UAL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Under pressure | |
| Stable |
UAL's revenue and profitability are currently healthy, and its balance sheet is stable, but its cash flow is under pressure.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
UAL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.4x | $58.92 | -47% |
| Fair | 8.3x | $90.43 | -19% |
| Current | 10x | $111 | — |
| Expensive | 11x | $121 | +8.5% |
| Forward | 13x | $111 | — |
Historical ranges are pointers, not guarantees.
UAL's PE is in its expensive range at 10x. On analysts' estimates for next year's earnings, today's price would be 13x.
RKLB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
RKLB has the edge over UAL on the outlook, with more favorable earnings and profitability expectations.
UAL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Stable | |
| Growth | |
| Weakening | |
| Limited | |
| Low |
Analysts expect UAL's revenue to grow, but its profitability to weaken. However, they disagree widely on these estimates.
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.
UAL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.29 | -24% |
| Q3 2026 | $10.91 | +9.1% |
| Q2 2026 | $10.67 | +6.7% |
| Q1 2026 | $11.18 | +1.7% |
| Q4 2025 | $10.20 | +7.9% |
| Q3 2025 | $10.00 | +20% |
| Q2 2025 | $10.00 | +13% |
| Q1 2025 | $10.99 | +36% |
| Q4 2024 | $9.45 | +20% |
UAL 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 UAL 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.
UAL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $17.9B | +17% |
| Q2 2026 | $17.7B | +16% |
| Q1 2026 | $14.6B | +11% |
| Q4 2025 | $15.4B | +4.8% |
| Q3 2025 | $15.2B | +2.6% |
| Q2 2025 | $15.2B | +1.7% |
| Q1 2025 | $13.2B | +5.4% |
| Q4 2024 | $14.7B | +7.8% |
UAL's revenue has grown year over year for 22 quarters in a row: $17.9B last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.1% | -1.1 points |
| Q2 2026 | 6.2% | -2.5 points |
| Q1 2026 | 6.8% | +2.2 points |
| Q4 2025 | 9% | -1.2 points |
| Q3 2025 | 9.2% | -1.4 points |
| Q2 2025 | 8.7% | -4.2 points |
| Q1 2025 | 4.6% | +3.8 points |
| Q4 2024 | 10% | +2.9 points |
UAL 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.
UAL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.7B | -$1.4B |
| Q2 2026 | $267M | -71% |
| Q1 2026 | $3.1B | +26% |
| Q4 2025 | -$604M | -210% |
| Q3 2025 | -$246M | -380% |
| Q2 2025 | $930M | -46% |
| Q1 2025 | $2.5B | +67% |
| Q4 2024 | $549M | +$3.5B |
UAL 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 | — |
UAL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +800K shares |
| 1 year | +0.2% | +500K shares |
| 3 years | -1.5% | -5M shares |
| 5 years | -0.5% | -1.6M shares |
| Available history | +26% | +67.5M shares |
UAL has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $27M |
| Q4 2025 | $27M |
| Q3 2025 | $21M |
| Q2 2025 | $240M |
| Q1 2025 | $349M |
| Q4 2024 | $80M |
UAL spent $54M buying back its own shares over the past year, down 92% 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.
UAL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.5x | Moderate |
| Q2 2026 | 2.1x | Moderate |
| Q1 2026 | 2.0x | Moderate |
| Q4 2025 | 2.0x | Moderate |
| Q3 2025 | 2.4x | Moderate |
| Q2 2025 | 2.2x | Moderate |
| Q1 2025 | 2.1x | Moderate |
| Q4 2024 | 2.0x | Healthy |
UAL's net debt is about 2.5 years of its operating earnings (EBITDA), about the same as 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).
UAL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.1 | Neutral |
| Stochastic | 39.2 | Neutral |
UAL's weekly RSI is 51 (neutral) and its Stochastic is 39 (neutral).
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
UAL PE vs Industrials Sector
| Metric | UAL | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 24x | 58% below |
| PE % | 72 | 58 | 14 pts above |
UAL is trading at 10x earnings, a 58% 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.
UAL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $107.0 | 3.9% above |
| 20 week MA | $114.0 | 2.4% below |
| 50 week MA | $108.7 | 2.4% above |
| 100 week MA | $99.3 | 12% above |
| 200 week MA | $74.9 | 49% above |
UAL 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.
UAL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $88.4 | $43.3 | -51% |
| 2021 | $43.3 | $44.9 | +3.7% |
| 2022 | $44.9 | $38.4 | -14% |
| 2023 | $38.4 | $41.3 | +7.5% |
| 2024 | $41.3 | $99.7 | +142% |
| 2025 | $99.7 | $114.0 | +14% |
| 2026 YTD | $114.0 | $111.3 | -2.4% |
UAL has the edge over RKLB on returns for 2026, with the stronger performance.