RKLB
Rocket Lab USA, Inc.
RKLB offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
WM
Waste Management, Inc.
WM has the edge over RKLB overall, supported by lower modeled downside and stronger fundamentals.
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.
WM Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Stable |
WM'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.
WM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 28x | $244 | — |
| Cheap | 29x | $224 | -8.4% |
| Current | 32x | $244 | — |
| Fair | 33x | $251 | +2.8% |
| Expensive | 36x | $277 | +13% |
Historical ranges are pointers, not guarantees.
WM's PE is in its fair range at 32x. If earnings grow as analysts expect, today's price would be 28x next year's earnings, in its cheap range.
RKLB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
RKLB has the edge over WM on the outlook, with more favorable profitability expectations.
WM Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Stable | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for WM, with profitability 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.
WM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.62 | +13% |
| Q3 2026 | $7.62 | +20% |
| Q2 2026 | $7.06 | +4.6% |
| Q1 2026 | $6.91 | +4.1% |
| Q4 2025 | $6.70 | -1.6% |
| Q3 2025 | $6.36 | -2.8% |
| Q2 2025 | $6.75 | +7.3% |
| Q1 2025 | $6.64 | +8.7% |
| Q4 2024 | $6.81 | +20% |
WM 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 WM 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.
WM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $6.8B | +6.3% |
| Q2 2026 | $6.7B | +4% |
| Q1 2026 | $6.2B | +3.5% |
| Q4 2025 | $6.3B | +7.1% |
| Q3 2025 | $6.4B | +15% |
| Q2 2025 | $6.4B | +19% |
| Q1 2025 | $6B | +17% |
| Q4 2024 | $5.9B | +13% |
WM's revenue has grown year over year every quarter since late 2020: $6.8B last quarter, up 6.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | +3.3 points |
| Q2 2026 | 19% | +0.9 points |
| Q1 2026 | 18% | +1 points |
| Q4 2025 | 18% | +2.7 points |
| Q3 2025 | 15% | -4.6 points |
| Q2 2025 | 18% | -0.8 points |
| Q1 2025 | 17% | -2.9 points |
| Q4 2024 | 16% | +0.5 points |
WM 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.
WM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $983M | +20% |
| Q2 2026 | $1.1B | +35% |
| Q1 2026 | $851M | +126% |
| Q4 2025 | $810M | +105% |
| Q3 2025 | $816M | +41% |
| Q2 2025 | $813M | +67% |
| Q1 2025 | $377M | -46% |
| Q4 2024 | $396M | +16% |
WM 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 | — |
WM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -2.6M shares |
| 1 year | -1.1% | -4.5M shares |
| 3 years | -1.5% | -6.1M shares |
| 5 years | -5.3% | -22.2M shares |
| Available history | -6.5% | -27.7M shares |
WM has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $580M |
| Q2 2026 | $659M |
| Q1 2026 | $344M |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | $12M |
| Q1 2024 | $250M |
| Q4 2023 | $312M |
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
WM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.9x | Moderate |
| Q2 2026 | 3.0x | Elevated |
| Q1 2026 | 3.1x | Elevated |
| Q4 2025 | 3.2x | Elevated |
| Q3 2025 | 3.4x | Elevated |
| Q2 2025 | 3.5x | Elevated |
| Q1 2025 | 3.7x | Elevated |
| Q4 2024 | 3.7x | Elevated |
WM's net debt is about 2.9 years of its operating earnings (EBITDA), down from 3.4 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).
WM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.7 | Neutral |
| Stochastic | 81.9 | Overbought |
WM'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.
WM PE vs Industrials Sector
| Metric | WM | Sector median | Relative |
|---|---|---|---|
| PE | 32x | 24x | 33% above |
| PE % | 41 | 58 | 17 pts below |
WM is trading at 32x earnings, a 33% 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.
WM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $225.0 | 8.5% above |
| 20 week MA | $225.4 | 8.3% above |
| 50 week MA | $225.0 | 8.5% above |
| 100 week MA | $224.0 | 9% above |
| 200 week MA | $204.4 | 19% above |
WM 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.
WM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $113.9 | $117.0 | +2.7% |
| 2021 | $117.0 | $161.9 | +38% |
| 2022 | $161.9 | $159.2 | -1.7% |
| 2023 | $159.2 | $179.1 | +12% |
| 2024 | $179.1 | $204.0 | +14% |
| 2025 | $204.0 | $221.1 | +8.4% |
| 2026 YTD | $221.1 | $244.1 | +10% |
WM has the edge over RKLB on returns for 2026, with the stronger performance.