Rocket Lab Corporation

Guided Missiles & Space Vehicles & Parts

RKLBStrained3 of 9 basics passed

$68.25

-0.22%

Market cap $43.6B

$68.25

-0.22%

Market cap $43.6B

Rocket Lab Corp is engaged in space, building rockets, and spacecraft. It provides end-to-end mission services that provide frequent and reliable access to space for civil, defense, and commercial markets.

It is a $43.6B industrial company. Revenue grew 52.5% over the last year, it currently loses money, and it holds more cash than debt.

Website: rocketlabusa.com
Location: Long Beach, CA
Employees: 2 600
Sector: Industrials

Share price · 3 years

$4.86 → $68.25+1304.3%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $769M
Loss: spends more than it earns; -$165M
Free cash flow: cash left after running the business; -$371M
Net cash: more cash than debt; $1.01B
Shares: up 18% since 2021 — dilution; 530.7M
Volatility: beta vs the market — under 1 swings less; 3.16

Revenue, last 5 years

52-week range

Low $39.48$68.25High $150.23

Today's price is 26% of the way from the year's low to its high.

Valuation vs own history

P/S

56.7×

18%

P/B

12.5×

37%

Share of the last ~5 years that was pricier than today (pricier than usual). Based on the daily valuation record.

Insider activity · 90 days

-$21.2Mnet selling

Purchases$0

Sales$21.2M

Insiders trading, last 14d0 buy · 1 sell

Standing in Industrials

Size$43.6Btop 26%
Revenue growth+42%top 2%
Net margin-22%top 99%
Return on equity-8%top 99%

Ranked against 130 Industrials companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Valuation, Growth, Profitability, Quality and Moat lag behind.

Valuation20

P/E vs own historyn/a · 10/25
FCF yield-0.9% · 0/25
P/S53.1x · 0/25
EV/EBITDAn/a · 10/25

Growth25

Revenue CAGR76.3% · 25/25
Net income CAGRn/a · 0/25
EPS CAGR ~5Yn/a · 0/25
Fwd implied growthn/a · 0/25

Profitability0

ROIC-28.0% · 0/25
ROE-7.6% · 0/25
Net margin-21.5% · 0/25
Operating margin-29.8% · 0/25

Health50

Altman Zn/a · 0/25
Current ratio5.48 · 25/25
Interest coverage-155.9x · 0/25
Net cash / debtNet cash · 25/25

Quality21

Piotroski F5/9 · 15/25
Beneish M-1.58 · 6/25
FCF conversionn/a · 0/25
Margin stabilityσ 45.9% · 0/25

Moat6

ROIC >12% years0/6 yrs · 0/25
Median gross margin21.0% · 6/25
FCF-positive years0/5 yrs · 0/25
Worst-year net marginworst -188.5% · 0/25

How the scores work →

Achievements

Verifiable track record, straight from the reported numbers.

#35 largest of 130 Industrials companies by market cap

$10 000 invested in 2021 would be worth ~$47 661 today — price return only

$601.8M revenue in FY2025

Revenue up 52.5% year over year

2 600 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Revenue growing 52.5% year over year
Net cash position after subtracting debt from cash

Watch-outs

Not profitable — 21.5% net margin
Negative free cash flow (-$371.1M)
Thin interest coverage (-155.9×)
Loss-making in 6 of the recent years

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

3 of 9 checks passed

Revenue growing — the company sells more than a year ago+52.5% YoY
Profitable — makes more than it spends-$165M TTM
Profit growing — earnings are higher than last year-4.2% YoY
Generates cash — cash left after running and investing-$371M TTM
Debt under control — could handle its obligationsmore cash than debt
Established company — not a micro-cap — lower blow-up risk$43.6B market cap
Not printing shares — share count not ballooning — you keep your slice+17.9% shares over ~5y
Proven track record — years of profitability behind it0/6 profitable years
Financially stable — balance sheet not near distresshealth score 25/100
Pays a dividend — returns cash to shareholdersno data
Valuation not extreme — price not wildly above earningsno data

Peer comparisonRocket Lab Corporation vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
RKLB this company	$43.6B	—	+52.5%	-21.5%	Strained
LRCX Lam Research Corp	$399.2B	54.9	+26.0%	31.3%	Strong
CAT Caterpillar Inc.	$368.0B	33.9	+18.4%	14.5%	Solid
RTX RTX Corporation	$251.3B	32.4	+11.8%	8.3%	Strained
DE Deere & Company	$167.7B	34.4	+8.3%	10.2%	Solid
ETN Eaton Corporation, plc	$167.2B	43.6	+15.5%	12.8%	Mixed
UNP Union Pacific Corp.	$166.8B	22.6	+4.2%	28.8%	Strained

Head-to-head: RKLB vs LRCX · RKLB vs CAT · RKLB vs RTX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 7Buy 14Hold 5

Appendix · Financial records

The full statements behind this CV, FY2020–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $769M · net income -$165M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$769M

YoY 52.5%

Net income (TTM)

-$165M

Margin -21.5%

Gross margin

37.3%

Operating margin

-29.8%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	—	0.1	0.2	0.2	0.4	0.6
Gross profit	—	-0.0	0.0	0.1	0.1	0.2
Operating income (EBIT)	-0.0	-0.1	-0.1	-0.2	-0.2	-0.2
Net income	-0.0	-0.1	-0.1	-0.2	-0.2	-0.2
EPS (diluted)	—	-0.26	-0.29	-0.37	-0.38	-0.37

Cash flowFree cash flow -$371M · operating cash flow -$222M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

-$371M

Margin -48.3%

Operating cash flow (TTM)

-$222M

FCF margin

-48.3%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	-0.0	-0.1	-0.1	-0.1	-0.0	-0.2
Capital expenditure	—	-0.0	-0.0	-0.1	-0.1	-0.2
Free cash flow	-0.0	-0.1	-0.1	-0.2	-0.1	-0.3
FCF margin	—	-156.6%	-70.6%	-62.8%	-26.6%	-53.5%

Balance sheetAssets $2.32B · net cash $1.01B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $2.32B of assets is financed

26%

74%

Liabilities $603M — borrowed moneyEquity $1.72B — owners' stake

Cash vs debt

Total debt $1.72M − cash $1.02B = net cash $1.01B

Cash on hand covers all debt.

Debt repayment

Not needed

Cash already covers all debt

Interest coverage

-155.9x

EBIT ÷ interest expense

ROE

-7.6%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	0.0	0.7	0.5	0.2	0.4	1.0
Total assets	0.3	1.0	1.0	0.9	1.2	2.3
Total liabilities	0.0	0.3	0.3	0.4	0.8	0.6
Total debt	—	0.1	0.1	0.2	0.0	0.0
Equity	0.0	0.7	0.7	0.6	0.4	1.7
Net debt	—	-0.6	-0.4	-0.1	-0.4	-1.0

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of RKLB on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $68.25 · market cap $43.6B.