RKLB
Rocket Lab USA, Inc.
RKLB has the edge over ULH overall, supported by stronger valuation and stronger fundamentals.
ULH
Universal Logistics Holdings, Inc.
ULH's outlook is improving despite an expensive 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.
ULH Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Stable |
ULH's profitability and cash flow are currently healthy, and its revenue and balance sheet are stable.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
ULH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6x | $10.18 | -66% |
| Fair | 8.2x | $13.90 | -53% |
| Expensive | 14x | $22.97 | -23% |
| Forward | 15x | $29.71 | — |
| Current | 18x | $29.71 | — |
Historical ranges are pointers, not guarantees.
ULH's PE is in its expensive range at 18x. If earnings grow as analysts expect, today's price would be 15x next year's earnings.
RKLB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
RKLB has the edge over ULH on the outlook, with more favorable revenue expectations.
ULH Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect ULH's earnings to grow and its profitability to improve, with its revenue holding steady.
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.
ULH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.95 | +15% |
| Q3 2026 | $1.69 | +$4.86 |
| Q2 2026 | -$3.48 | -250% |
| Q1 2026 | -$4.15 | -231% |
| Q4 2025 | -$3.79 | -177% |
| Q3 2025 | -$3.17 | -164% |
| Q2 2025 | $2.32 | -52% |
| Q1 2025 | $3.17 | -31% |
| Q4 2024 | $4.93 | +40% |
ULH 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 ULH 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.
ULH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $394M | -0.7% |
| Q2 2026 | $379.3M | -3.7% |
| Q1 2026 | $367.6M | -3.9% |
| Q4 2025 | $385.4M | -17% |
| Q3 2025 | $396.8M | -7% |
| Q2 2025 | $393.8M | -15% |
| Q1 2025 | $382.4M | -22% |
| Q4 2024 | $465.1M | +19% |
ULH's revenue has slid since its 2022 peak: $394M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.3% | +38 points |
| Q2 2026 | 12% | +6.9 points |
| Q1 2026 | 1.3% | -2.8 points |
| Q4 2025 | 4.5% | -3.7 points |
| Q3 2025 | -30% | -40 points |
| Q2 2025 | 5% | -5.1 points |
| Q1 2025 | 4.1% | -11 points |
| Q4 2024 | 8.2% | -0.5 points |
ULH 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.
ULH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $7.2M | +$35.8M |
| Q2 2026 | $27.1M | +$85.7M |
| Q1 2026 | $23.8M | -25% |
| Q4 2025 | $14.3M | -25% |
| Q3 2025 | -$28.6M | +$30.3M |
| Q2 2025 | -$58.6M | +$9M |
| Q1 2025 | $31.7M | +$63.4M |
| Q4 2024 | $18.9M | +3156% |
ULH 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 | — |
ULH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -3K shares |
| 1 year | +0.1% | +27K shares |
| 3 years | +0.2% | +57K shares |
| 5 years | -2.1% | -561K shares |
| Available history | -3.4% | -916K shares |
ULH has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $67,000 |
| Q4 2025 | — |
| Q3 2025 | — |
| Q4 2024 | $24,000 |
| Q3 2024 | — |
| Q4 2023 | — |
| Q3 2023 | $134,000 |
| Q2 2023 | — |
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
ULH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.8x | Moderate |
| Q2 2026 | 7.2x | High |
| Q1 2026 | 10.3x | High |
| Q4 2025 | 9.4x | High |
| Q3 2025 | 8.0x | High |
| Q2 2025 | 3.0x | Elevated |
| Q1 2025 | 2.5x | Moderate |
| Q4 2024 | 2.3x | Moderate |
ULH's net debt is about 2.8 years of its operating earnings (EBITDA), down from 8.0 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).
ULH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 72.0 | Overbought |
| Stochastic | 80.1 | Overbought |
ULH's weekly RSI is 72 (overbought) and its Stochastic is 80 (overbought).
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
ULH PE vs Industrials Sector
| Metric | ULH | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 24x | 27% below |
| PE % | 96 | 58 | 38 pts above |
ULH is trading at 18x earnings, a 27% 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.
ULH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $20.6 | 44% above |
| 20 week MA | $18.5 | 60% above |
| 50 week MA | $17.7 | 67% above |
| 100 week MA | $22.3 | 33% above |
| 200 week MA | $28.3 | 5.2% above |
ULH 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.
ULH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.1 | $20.7 | +8.6% |
| 2021 | $20.7 | $18.0 | -13% |
| 2022 | $18.0 | $34.2 | +90% |
| 2023 | $34.2 | $28.0 | -18% |
| 2024 | $28.0 | $46.1 | +64% |
| 2025 | $46.1 | $15.7 | -66% |
| 2026 YTD | $15.7 | $29.7 | +90% |
ULH has the edge over RKLB on returns for 2026, with the stronger performance.