RKLB
Rocket Lab USA, Inc.
RKLB has a slight edge over WMS overall, supported by stronger fundamentals and stronger modeled upside.
WMS
Advanced Drainage Systems, Inc.
WMS 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.
WMS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Stable |
WMS's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
WMS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 19x | $100 | -19% |
| Forward | 19x | $124 | — |
| Current | 23x | $124 | — |
| Fair | 25x | $134 | +8.5% |
| Expensive | 43x | $226 | +83% |
Historical ranges are pointers, not guarantees.
WMS's PE is in its fair range at 23x. If earnings grow as analysts expect, today's price would be 19x 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 WMS on the outlook, with more favorable profitability expectations.
WMS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for WMS, 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.
WMS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.43 | +22% |
| Q3 2026 | $5.26 | -10% |
| Q2 2026 | $5.79 | +4.5% |
| Q1 2026 | $5.44 | -5.6% |
| Q4 2025 | $6.01 | +0.3% |
| Q3 2025 | $5.86 | -6.8% |
| Q2 2025 | $5.54 | -12% |
| Q1 2025 | $5.76 | -11% |
| Q4 2024 | $5.99 | -4.9% |
WMS 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 WMS 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.
WMS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $889.4M | +4.6% |
| Q2 2026 | $1B | +21% |
| Q1 2026 | $676.8M | +9.9% |
| Q4 2025 | $693.4M | +0.4% |
| Q3 2025 | $850.4M | +8.7% |
| Q2 2025 | $829.9M | +1.8% |
| Q1 2025 | $615.8M | -5.8% |
| Q4 2024 | $690.5M | +4.3% |
WMS's revenue has grown year over year for six quarters in a row: $889M last quarter, up 4.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 22% | -4.4 points |
| Q2 2026 | 25% | +0.6 points |
| Q1 2026 | 7.9% | -11 points |
| Q4 2025 | 20% | +1.4 points |
| Q3 2025 | 26% | +2.3 points |
| Q2 2025 | 25% | -3 points |
| Q1 2025 | 19% | -1.7 points |
| Q4 2024 | 18% | -4.8 points |
WMS 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.
WMS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $156.2M | -11% |
| Q2 2026 | $203.2M | -8.6% |
| Q1 2026 | -$13.1M | -$7.8M |
| Q4 2025 | $183.6M | +35% |
| Q3 2025 | $176.4M | +57% |
| Q2 2025 | $222.4M | +77% |
| Q1 2025 | -$5.3M | +$24.5M |
| Q4 2024 | $135.7M | -28% |
WMS 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 | — |
WMS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.6% | -1.2M shares |
| 1 year | -3.2% | -2.5M shares |
| 3 years | -4.4% | -3.5M shares |
| 5 years | +5.4% | +3.9M shares |
| Available history | +9.4% | +6.5M shares |
WMS has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $139.7M |
| Q2 2026 | $233.2M |
| Q1 2026 | $92M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
WMS spent $465M buying back its own shares over the past year, after none 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.
WMS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.7x | Healthy |
| Q2 2026 | 1.6x | Healthy |
| Q1 2026 | 1.7x | Healthy |
| Q4 2025 | 0.3x | Very low |
| Q3 2025 | 0.5x | Very low |
| Q2 2025 | 0.8x | Very low |
| Q1 2025 | 1.0x | Very low |
| Q4 2024 | 0.9x | Very low |
WMS's net debt is about 1.7 years of its operating earnings (EBITDA), up from less than a year 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).
WMS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.5 | Neutral |
| Stochastic | 20.8 | Neutral |
WMS's weekly RSI is 41 (neutral) and its Stochastic is 21 (neutral).
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
WMS PE vs Industrials Sector
| Metric | WMS | Sector median | Relative |
|---|---|---|---|
| PE | 23x | 24x | 2.5% below |
| PE % | 37 | 58 | 21 pts below |
WMS is trading at 23x earnings, in line with 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 has the edge over WMS on trend strength, trading above more of its moving averages.
WMS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $128.5 | 3.9% below |
| 20 week MA | $136.2 | 9.3% below |
| 50 week MA | $143.7 | 14% below |
| 100 week MA | $133.9 | 7.8% below |
| 200 week MA | $132.5 | 6.8% below |
WMS is in a downtrend: it's below all five of its weekly moving averages, and 6.8% 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 has the edge over WMS on returns for 2026, with the stronger performance.
WMS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $39.3 | $81.5 | +107% |
| 2021 | $81.5 | $133.6 | +64% |
| 2022 | $133.6 | $82.8 | -38% |
| 2023 | $82.8 | $140.6 | +70% |
| 2024 | $140.6 | $115.6 | -18% |
| 2025 | $115.6 | $149.6 | +29% |
| 2026 YTD | $149.6 | $123.5 | -17% |
WMS has finished higher in four of the last six years, three of them by more than 50%. It's down 17% so far in 2026.