RKLB
Rocket Lab USA, Inc.
RKLB offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
WOR
Worthington Industries, Inc.
WOR 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.
WOR Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Strong | |
| Healthy |
WOR's revenue, cash flow and balance sheet are currently healthy, and its profitability is stable.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
WOR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6x | $20.01 | -66% |
| Fair | 14x | $46.16 | -21% |
| Forward | 15x | $58.20 | — |
| Current | 18x | $58.20 | — |
| Expensive | 28x | $91.69 | +58% |
Historical ranges are pointers, not guarantees.
WOR's PE is in its fair range at 18x, but its recent earnings include one-off gains. 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 WOR on the outlook, with more favorable profitability expectations.
WOR Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for WOR, 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.
WOR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.86 | +17% |
| Q3 2026 | $3.31 | +55% |
| Q2 2026 | $3.14 | +64% |
| Q1 2026 | $2.26 | +93% |
| Q4 2025 | $2.13 | +160% |
| Q3 2025 | $2.14 | +185% |
| Q2 2025 | $1.92 | -13% |
| Q1 2025 | $1.17 | -79% |
| Q4 2024 | $0.82 | -86% |
WOR 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 WOR 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.
WOR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $343.9M | +13% |
| Q2 2026 | $371.5M | +17% |
| Q1 2026 | $378.7M | +24% |
| Q4 2025 | $327.5M | +19% |
| Q3 2025 | $303.7M | +18% |
| Q2 2025 | $317.9M | -0.3% |
| Q1 2025 | $304.5M | -3.9% |
| Q4 2024 | $274M | -75% |
WOR's revenue is recovering but still below its 2022 peak: $344M last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.8% | +0.8 points |
| Q2 2026 | 6.2% | +16 points |
| Q1 2026 | 8.3% | +1.5 points |
| Q4 2025 | 3.8% | +2.5 points |
| Q3 2025 | 3% | +4.9 points |
| Q2 2025 | -9.6% | +8 points |
| Q1 2025 | 6.8% | +5.5 points |
| Q4 2024 | 1.3% | +1.8 points |
WOR 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.
WOR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $54M | +94% |
| Q2 2026 | $55.1M | +12% |
| Q1 2026 | $48.1M | +8.4% |
| Q4 2025 | $39.1M | +15% |
| Q3 2025 | $27.9M | -12% |
| Q2 2025 | $49.3M | +46% |
| Q1 2025 | $44.4M | +11% |
| Q4 2024 | $33.9M | -67% |
WOR 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 | — |
WOR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.1% | -551K shares |
| 1 year | -1.7% | -861K shares |
| 3 years | -1.4% | -721K shares |
| 5 years | -5.2% | -2.7M shares |
| Available history | -12% | -6.9M shares |
WOR has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $18.2M |
| Q2 2026 | $18.4M |
| Q1 2026 | $5.4M |
| Q4 2025 | $13.7M |
| Q3 2025 | $6.3M |
| Q2 2025 | $9.8M |
| Q1 2025 | $6.2M |
| Q4 2024 | $8.1M |
WOR spent $56M buying back its own shares over the past year, up 83% 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.
WOR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.8x | Healthy |
| Q2 2026 | 2.1x | Moderate |
| Q1 2026 | 4.0x | Elevated |
| Q4 2025 | 2.0x | Healthy |
| Q3 2025 | 2.6x | Moderate |
| Q2 2025 | 1.4x | Healthy |
| Q1 2025 | 6.0x | High |
| Q3 2024 | 67.1x | High |
WOR's net debt is about 1.8 years of its operating earnings (EBITDA), down from 2.6 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).
WOR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.6 | Neutral |
| Stochastic | 48.9 | Neutral |
WOR's weekly RSI is 49 (neutral) and its Stochastic is 49 (neutral).
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
WOR PE vs Industrials Sector
| Metric | WOR | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 24x | 27% below |
| PE % | 57 | 58 | 1 pt below |
WOR is trading at 18x earnings, a 27% discount to the Industrials sector's median of 24x, though its recent earnings include one-off gains.
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.
WOR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $61.8 | 5.9% below |
| 20 week MA | $59.0 | 1.3% below |
| 50 week MA | $56.4 | 3.2% above |
| 100 week MA | $54.9 | 6% above |
| 200 week MA | $50.4 | 16% above |
WOR has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 16% above 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.
WOR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $26.2 | $31.3 | +20% |
| 2021 | $31.3 | $32.5 | +3.6% |
| 2022 | $32.5 | $30.6 | -5.9% |
| 2023 | $30.6 | $57.6 | +88% |
| 2024 | $57.6 | $40.7 | -29% |
| 2025 | $40.7 | $52.9 | +30% |
| 2026 YTD | $52.9 | $58.2 | +10% |
WOR has the edge over RKLB on returns for 2026, with the stronger performance.