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Rocket Lab Corp

RKLB

$83.22 ▲ +8.08 (+10.75%) at close

7 Visible periods

31 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Weak

Moderately Bearish

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Analytical Summary

Rocket Lab Corp faces fundamental challenges with weakness in Profit Margin (%) and Operating Margin (%). Investors should exercise caution and monitor for improvement in key metrics.

Market Cap $44.2B

Dividend Yield —

Revenue Growth 38.0% ↘

Op. Margin -38.0% ↗

ROIC -10.7% ↗

FCF / Share $-0.61 ↘

Trailing P/E —

Price / Book 26.3x

FCF Yield —

Debt / Equity 0.09

info Valuation on last close. End-of-day price, Aug 7, 2026.

7-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$601.80M

↑ +38.0% —

Net Income Profit after all expenses

$-198.21M

↓ -4.2% —

Operating Margin Operating profit as % of sales

-38.0%

↑ +12.6% 6th

FCF / Share Free cash flow per share

$-0.61

↓ -159.3% —

Long-Term Debt Long-term obligations

$152.40M

↓ -55.9% —

trending_up

Bullish Indicators

Debt to EquityDebt to Equity is in the top quartile (lower is better)

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile

Health Breakdown

Profitability ↑

Returns ↑

Financial Health →

Cash Quality ↑

Financial view

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Revenue Growth YoY (%)	38.0% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+659%)	78.3% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1467%)	15.9% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+218%)	239.0% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+4680%)	77.0% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1440%)	—	—
EPS Growth YoY (%)	2.6% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	0.0% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	-31.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	48.2% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—
Net Income Growth YoY (%)	-4.2% Weak ↑ Weak Improving Year-over-year change in net income	-4.2% Weak ↑ Weak Improving Year-over-year change in net income	-34.3% Weak ↑ Weak Improving Year-over-year change in net income	-15.9% Weak Weak Year-over-year change in net income	-113.3% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	-159.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	26.6% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	0.2% Caution Caution Year-over-year change in free cash flow	31.2% Excellent Excellent Year-over-year change in free cash flow	—	—	—
Revenue CAGR 3Y (%)	41.8% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	91.4% Excellent Excellent Compound annual revenue growth over 3 years	90.9% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	76.5% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Operating Margin (%) (%)	-38.0% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-417%)	-43.5% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-463%)	-72.7% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-706%)	-64.1% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-634%)	-164.0% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1466%)	-156.3% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1402%)	—
Effective Tax Rate (%) (%)	12.3% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-2.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-2.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	6.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.9% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	-32.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-512%)	-43.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-645%)	-74.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1033%)	-64.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-905%)	-188.5% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2456%)	-156.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2056%)	—
FCF Margin (%) (%)	-53.5% Weak → Weak Stable Free cash flow as a percentage of revenue Optimal: > 10%	-26.6% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-62.8% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-70.6% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-156.6% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-150.4% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.62x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.61x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.84x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.10x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.83x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	0.96x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Return on Invested Capital (%)	-10.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-26.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-27.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-17.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-12.1% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	33.2% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-9.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-16.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-18.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-13.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-10.4% Weak Weak Operating profit relative to total assets Optimal: > 10%	-29.3% Weak Weak Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	-11.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-177%)	-49.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-432%)	-32.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-319%)	-20.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-235%)	-16.8% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-212%)	33.0% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+120%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Debt to Equity (x)	0.09x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-87%)	0.90x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+29%)	0.20x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-72%)	0.15x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-79%)	0.14x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-80%)	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	—
Interest Coverage (x)	-9.32x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-11.65x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-11.44x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-12.58x Weak Weak Operating income divided by interest expense Optimal: > 5x	-25.57x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—
Net Debt (USD)	$-676.26M	$74.35M	$-52.52M	$-142.47M	$-593.66M	$-52.79M	—
Debt / EBITDA (x)	-0.75x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-2.03x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.68x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.84x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-1.03x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Revenue per Share (USD)	$1.13	$0.88	$0.51	$0.45	$0.30	—	—
Basic EPS, GAAP (USD)	$-0.37	$-0.38	$-0.38	$-0.29	$-0.56	—	—
Free Cash Flow per Share (USD)	$-0.61	$-0.23	$-0.32	$-0.32	$-0.46	—	—
Book Value per Share (USD)	$3.17	$0.76	$1.13	$1.42	$1.55	$-2.13	—
Tangible Book Value per Share (USD)	$2.38	$0.50	$0.85	$1.10	$1.33	$-2.31	—
Basic Weighted Avg Shares (shares)	530.66M	495.93M	481.77M	466.21M	209.90M	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Working Capital (USD)	$1.03B	$353.10M	$253.35M	$499.35M	$678.46M	$44.70M	—
LT Debt (USD)	$152.40M	$345.39M	$110.00M	$100.04M	$97.30M	$0.00	—
Total Equity (USD)	$1.72B	$382.45M	$554.54M	$673.21M	$698.45M	$-166.71M	$-118.53M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Sales/Revenue/Turnover (USD)	$601.80M	$436.21M	$244.59M	$211.00M	$62.24M	$35.16M	—
Depreciation Expense (USD)	$25.37M	$19.78M	$15.41M	$16.16M	$7.53M	$6.53M	—
Net Income, GAAP (USD)	$-198.21M	$-190.18M	$-182.57M	$-135.94M	$-117.32M	$-55.01M	—
Operating Cash Flow (USD)	$-165.52M	$-48.89M	$-98.87M	$-106.54M	$-71.79M	$-27.76M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 7 years · 26 quarters

Rocket Lab Corp

Analytical Summary

7-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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