RKLB
Rocket Lab USA, Inc.
RKLB has the edge over WERN overall, supported by stronger fundamentals and stronger modeled upside.
WERN
Werner Enterprises, Inc.
WERN 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.
WERN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Strong |
WERN's revenue and balance sheet are currently healthy, but its profitability and cash flow are under pressure.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
WERN PE Valuation
WERN has no meaningful PE right now: it lost money over the past year.
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.
WERN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for WERN, with profitability improving. 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 has the edge over WERN on earnings, with more consistent year-over-year improvement.
WERN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.43 | — |
| Q3 2026 | -$0.31 | -176% |
| Q2 2026 | -$0.76 | -188% |
| Q1 2026 | -$0.15 | -152% |
| Q4 2025 | -$0.24 | -144% |
| Q3 2025 | $0.41 | -44% |
| Q2 2025 | $0.86 | -13% |
| Q1 2025 | $0.29 | -78% |
| Q4 2024 | $0.55 | -69% |
WERN has swung to a loss: it lost $0.31 per share over the past year, after a profit the year before.
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 WERN 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.
WERN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $950.5M | +23% |
| Q2 2026 | $933.9M | +24% |
| Q1 2026 | $808.6M | +14% |
| Q4 2025 | $737.6M | -2.3% |
| Q3 2025 | $771.5M | +3.5% |
| Q2 2025 | $753.1M | -1% |
| Q1 2025 | $712.1M | -7.4% |
| Q4 2024 | $754.7M | -8.2% |
WERN's revenue is growing: $951M last quarter, up 23% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 1.8% | +3.5 points |
| Q2 2026 | 1.8% | -7 points |
| Q1 2026 | 0.5% | +1.3 points |
| Q4 2025 | -4.8% | -6.6 points |
| Q3 2025 | -1.7% | -4 points |
| Q2 2025 | 8.8% | +6.2 points |
| Q1 2025 | -0.8% | -2.8 points |
| Q4 2024 | 1.8% | -2.8 points |
WERN 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.
WERN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$63.2M | -$54.6M |
| Q2 2026 | $54.8M | +$97.1M |
| Q1 2026 | $30.7M | +424% |
| Q4 2025 | -$23.5M | -$13.8M |
| Q3 2025 | -$8.6M | +$64.9M |
| Q2 2025 | -$42.3M | -$11.1M |
| Q1 2025 | $5.9M | -81% |
| Q4 2024 | -$9.8M | -120% |
WERN's free cash flow was −$1M over the past year, against −$55M the year before.
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 | — |
WERN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +65K shares |
| 1 year | +0.8% | +475K shares |
| 3 years | -5.4% | -3.4M shares |
| 5 years | -11% | -7.5M shares |
| Available history | -14% | -9.7M shares |
WERN has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q4 2025 | $9,000 |
| Q3 2025 | — |
| Q2 2025 | $55.6M |
| Q1 2025 | — |
| Q4 2024 | $17,000 |
| Q3 2024 | — |
| Q2 2024 | $60.5M |
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
WERN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2022 | 1.0x | Very low |
| Q3 2021 | 0.6x | Very low |
| Q2 2021 | 0.8x | Very low |
| Q1 2021 | 0.5x | Very low |
| Q4 2020 | 0.8x | Very low |
| Q3 2020 | 0.7x | Very low |
| Q2 2020 | 0.6x | Very low |
| Q1 2020 | 0.9x | Very low |
WERN's net debt is about a year of its operating earnings (EBITDA).
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).
WERN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.5 | Neutral |
| Stochastic | 3.7 | Oversold |
WERN's weekly RSI is 35 (neutral) and its Stochastic is 4 (oversold).
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
WERN PE vs Industrials Sector
| Metric | WERN | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
WERN has no meaningful PE right now: it lost money over the past year.
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 has the edge over WERN on trend strength, trading above more of its moving averages.
WERN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $30.6 | 9.4% below |
| 20 week MA | $36.2 | 23% below |
| 50 week MA | $35.1 | 21% below |
| 100 week MA | $32.2 | 14% below |
| 200 week MA | $36.4 | 24% below |
WERN is in a downtrend: it's below all five of its weekly moving averages, and 24% below its 200-week average.
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.
WERN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $36.2 | $39.6 | +9.2% |
| 2021 | $39.6 | $46.2 | +17% |
| 2022 | $46.2 | $41.6 | -10% |
| 2023 | $41.6 | $42.4 | +1.9% |
| 2024 | $42.4 | $36.3 | -14% |
| 2025 | $36.3 | $30.6 | -16% |
| 2026 YTD | $30.6 | $27.8 | -9.2% |
WERN has the edge over RKLB on returns for 2026, with the stronger performance.