RKLB
Rocket Lab USA, Inc.
RKLB has the edge over WNC overall, supported by stronger fundamentals and stronger modeled upside.
WNC
Wabash National Corporation
WNC 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.
WNC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Weak | |
| Healthy |
WNC's balance sheet is currently healthy, and its revenue is stable, but its profitability and cash flow are weak.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
WNC PE Valuation
WNC 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.
WNC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect WNC's losses to shrink, with revenue growing.
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 WNC on earnings, with more consistent year-over-year improvement.
WNC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$3.41 | -156% |
| Q2 2026 | -$1.93 | +$0.49 |
| Q1 2026 | -$1.60 | -$0.05 |
| Q4 2025 | $4.87 | +$11.39 |
| Q3 2025 | $6.08 | +$11.51 |
| Q2 2025 | -$2.42 | -174% |
| Q1 2025 | -$1.55 | -137% |
| Q4 2024 | -$6.52 | -236% |
WNC has swung to a loss: it lost $3.41 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 WNC 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.
WNC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $476.4M | +25% |
| Q2 2026 | $417.2M | -9.1% |
| Q1 2026 | $303.2M | -20% |
| Q4 2025 | $321.5M | -23% |
| Q3 2025 | $381.6M | -18% |
| Q2 2025 | $458.8M | -17% |
| Q1 2025 | $380.9M | -26% |
| Q4 2024 | $416.8M | -30% |
WNC's revenue is recovering but still below its 2023 peak: $476M last quarter, up 25% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -4.2% | -19 points |
| Q2 2026 | -6.1% | -5 points |
| Q1 2026 | -17% | -100 points |
| Q4 2025 | -19% | -20 points |
| Q3 2025 | 15% | +108 points |
| Q2 2025 | -1% | -9 points |
| Q1 2025 | 83% | +77 points |
| Q4 2024 | 0.9% | -9.4 points |
WNC 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.
WNC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$40.8M | -151% |
| Q2 2026 | $3.1M | +$25.1M |
| Q1 2026 | -$37.1M | -$28.1M |
| Q4 2025 | -$61.9M | -204% |
| Q3 2025 | $79.9M | +183% |
| Q2 2025 | -$22.1M | -$16M |
| Q1 2025 | -$9M | +$27.6M |
| Q4 2024 | $59.5M | -42% |
WNC's free cash flow was −$137M over the past year, against $108M 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 | — |
WNC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +74K shares |
| 1 year | -0.4% | -179K shares |
| 3 years | -14% | -6.8M shares |
| 5 years | -19% | -9.6M shares |
| Available history | -26% | -14.3M shares |
WNC has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $666,000 |
| Q3 2025 | $6.2M |
| Q2 2025 | $10.4M |
| Q1 2025 | $16.5M |
| Q4 2024 | $8.6M |
WNC spent $666,000 buying back its own shares over the past year, down 98% 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.
WNC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | 1.1x | Healthy |
| Q3 2025 | 0.8x | Very low |
| Q2 2024 | 1.2x | Healthy |
| Q1 2024 | 0.9x | Very low |
| Q4 2023 | 0.6x | Very low |
| Q3 2023 | 0.8x | Very low |
| Q2 2023 | 0.9x | Very low |
| Q1 2023 | 1.3x | Healthy |
WNC's net debt is about 1.1 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).
WNC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.4 | Neutral |
| Stochastic | 11.3 | Oversold |
WNC's weekly RSI is 49 (neutral) and its Stochastic is 11 (oversold).
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
WNC PE vs Industrials Sector
| Metric | WNC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
WNC 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 WNC on trend strength, trading above more of its moving averages.
WNC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.5 | 6.2% below |
| 20 week MA | $12.8 | 8.2% below |
| 50 week MA | $10.7 | 9% above |
| 100 week MA | $10.9 | 7.7% above |
| 200 week MA | $17.0 | 31% below |
WNC's trend is mixed: it's above two of its five weekly moving averages, and 31% 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.
WNC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $14.4 | $17.4 | +20% |
| 2021 | $17.4 | $19.7 | +13% |
| 2022 | $19.7 | $23.3 | +18% |
| 2023 | $23.3 | $25.6 | +10% |
| 2024 | $25.6 | $17.3 | -32% |
| 2025 | $17.3 | $8.88 | -49% |
| 2026 YTD | $8.88 | $11.7 | +32% |
WNC has the edge over RKLB on returns for 2026, with the stronger performance.