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NASDAQ: RKLB
Rocket Lab USA, Inc.
Industrials · Aerospace & Defense
Market Cap
$41.50B
52w High
$99.58
52w Low
$14.71
P/E
-210.51
Volume
33.95M
Outstanding Shares
569.41M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
1Y Price: 259.55%Revenue (TTM): 37.96%FCF (TTM): -177.46%P/S: 89th pct
What changed
The stock rose 259.55% over the last year. Revenue grew 37.96% over the trailing twelve months. Operating margin moved from -43.51% to -38.03%. Free cash flow declined 177.46% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/S range (89th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at -38.03% — continued expansion would be needed to justify the premium. Revenue growth of 37.96% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Rocket Lab USA, Inc., a space company, provides launch services and space systems solutions for the space and defense industries.
CEOSir Peter Beck
SectorIndustrials
IndustryAerospace & Defense
Employees2,100
IPO dateNov 24, 2020
Valuation
Forward P/E—
EV/EBITDA-234.41
Enterprise value$36.44B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth35.7%
Gross margin34.43%▲29.30%vs FY2024
Operating margin-38.03%▲12.61%vs FY2024
ROE-11.51%▲76.85%vs FY2024
Analyst consensus
RatingBuy
Target price$83.38▲14.41%
12
Buy
5
Hold
1
Sell
⚠ Analyst ratings tend to be lagging indicators — upgrades often follow price gains rather than precede them. Use as one signal among many.
Earnings
Last 3 reported quarters plus the next estimate. Switch into compare mode to inspect one metric year-over-year.
Next report
May 14, 2026
View
EPS
Actual vs estimate by quarter
Q3FY25
ActualEst.
-$0.10
-$0.10
Q4FY25
ActualEst.
$0.01
-$0.10
Q1FY26
ActualEst.
-$0.09
-$0.10
Q2FY26
Next Est.
—
Revenue
Actual vs estimate by quarter
Q3FY25
ActualEst.
$144.5M
$135.41M
Q4FY25
ActualEst.
$155.08M
$151.8M
Q1FY26
ActualEst.
$179.65M
$176.83M
Q2FY26
Next Est.
—