Saturday 17 October 2026
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Rocket Lab Corporation
RKLB Industrials Aerospace & Defense
Rocket Lab Corporation’s revenue for fiscal 2025 (year ended December 2025) was $601.8 million, up 38.0% from fiscal 2024. In the quarter to June 2026, revenue grew 62.0%, EPS grew 38.5%, free cash flow fell 99.7% and total debt fell 93.2%, each against the same quarter a year earlier. Member of the Nasdaq 100; revenue growth for five consecutive years.
50.84
4.41
−7.98%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | 9.72 | 9.50 | 3.48 | 3.62 | 3.47 | 14.71 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | 11.39 | 21.34 | 12.33 | 8.05 | 28.80 | 79.83 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | 3 | 1,183 | 1,400 | 1,650 | 2,100 | 2,600 | ||||
| Revenue/emp, $m | — | — | — | — | 11.72 | 0.05 | 0.15 | 0.15 | 0.21 | 0.23 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | 35 | 62 | 211 | 245 | 436 | 602 | ||||
| Gross margin, % | — | — | — | — | (33.61) | (3.04) | 9.00 | 21.02 | 26.63 | 34.43 | |||||
| EBT | — | — | — | — | (55) | (125) | (133) | (179) | (189) | (226) | |||||
| EBT margin, % | — | — | — | — | (155.11) | (200.59) | (63.01) | (73.15) | (43.42) | (37.54) | |||||
| Net income | — | 0 | — | — | (55) | (117) | (136) | (183) | (190) | (198) | |||||
| Depreciation | — | — | — | — | 9 | 12 | 33 | 33 | 37 | 47 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 0.47 | 0.30 | 0.45 | 0.51 | 0.88 | 1.13 | ||||
| Earnings | — | — | — | — | (0.73) | (0.56) | (0.29) | (0.38) | (0.38) | (0.37) | |||||
| Cash flow | — | — | — | — | (0.37) | (0.34) | (0.23) | (0.21) | (0.10) | (0.31) | |||||
| Capex | — | — | — | — | (0.33) | (0.12) | (0.09) | (0.11) | (0.11) | (0.29) | |||||
| Free cash flow | — | — | — | — | (0.70) | (0.46) | (0.32) | (0.31) | (0.21) | (0.61) | |||||
| Book value | — | — | — | — | 1.44 | 3.33 | 1.44 | 1.15 | 0.77 | 3.24 | |||||
| Shares, m | — | — | — | — | 75 | 210 | 466 | 482 | 496 | 531 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | — | — | 0.00 | 41.41 | 8.55 | 10.46 | 28.96 | 61.51 | |||||
| P/B | — | — | — | — | 1.42 | 3.69 | 2.68 | 4.61 | 33.03 | 21.50 | |||||
| EV/Sales | — | — | — | — | 0.00 | 31.92 | 6.88 | 9.95 | 28.95 | 60.13 | |||||
| EV/FCF | — | — | — | — | 0.00 | (20.38) | (9.74) | (16.24) | (122.09) | (112.59) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | (28) | (72) | (107) | (99) | (49) | (166) | ||||
| Capex | — | — | — | — | (25) | (26) | (42) | (51) | (55) | (156) | |||||
| Free cash flow | — | — | — | — | (53) | (97) | (149) | (150) | (103) | (321) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | 45 | 678 | 499 | 253 | 353 | 1,031 | ||||
| Total debt | — | — | — | — | 29 | 100 | 119 | 121 | 416 | 169 | |||||
| Net debt | — | — | — | — | (24) | (591) | (353) | (124) | (3) | (848) | |||||
| Shareholders’ equity | — | — | — | — | 108 | 698 | 673 | 555 | 382 | 1,722 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | (58.56) | (20.08) | (13.80) | (18.92) | (17.89) | (11.30) | ||||
| ROIC | — | — | — | — | (40.68) | (59.27) | (26.41) | (25.84) | (31.22) | (16.36) | |||||
| ROE | — | — | — | — | (20.69) | (44.13) | (19.82) | (29.74) | (40.59) | (18.84) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Rocket Lab Corporation vs peers in Aerospace & Defense (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| TDG Transdigm Group Incorporated | $62.7B | 34.6× | 35.3× | +22.53% (above 0%: growing) | +10.86% (above 0%: growing) | +13.44% (above 0%: growing) | 59.39% | 44.76% | Compare |
| LHX L3Harris Technologies Inc | $44.8B | 25.0× | 26.5× | +8.39% (above 0%: growing) | +28.57% (above 0%: growing) | +37.43% (above 0%: growing) | 25.54% | 11.12% | Compare |
| HEI Heico Corporation | $36.7B | 51.0× | 55.0× | +23.13% (above 0%: growing) | +33.07% (above 0%: growing) | +47.74% (above 0%: growing) | 41.12% | 25.14% | Compare |
| HEI.A Heico Corporation | $36.6B | 38.3× | 55.0× | +23.13% (above 0%: growing) | +33.07% (above 0%: growing) | +47.74% (above 0%: growing) | 41.12% | 25.14% | Compare |
| ESLT Elbit Systems Ltd. | $34.8B | 55.2× | 53.2× | +15.94% (above 0%: growing) | +34.42% (above 0%: growing) | +113.91% (above 0%: growing) | 25.32% | 9.57% | Compare |
| AXON Axon Enterprise, Inc | $33.9B | 157× | 136× | +35.28% (above 0%: growing) | −19.57% (below 0%: shrinking) | +99.15% (above 0%: growing) | 60.42% | 5.17% | Compare |
| RKLB Rocket Lab Corporation | $33.1B | — (loss-making) | — (loss-making) | +61.99% (above 0%: growing) | n/m | −99.66% (below 0%: shrinking) | 36.13% | (24.57%) | |
| WWD Woodward, Inc. | $19.7B | 35.5× | 38.5× | +21.22% (above 0%: growing) | +35.71% (above 0%: growing) | −12.15% (below 0%: shrinking) | 31.53% | 16.66% | Compare |
| CW Curtiss-Wright Corporation | $18.5B | 34.4× | 48.5× | +5.41% (above 0%: growing) | +27.41% (above 0%: growing) | +37.04% (above 0%: growing) | 39.40% | 19.34% | Compare |
| Median of peers | $35.7B | 36.9× | 50.9× | +21.88% | +30.82% | +42.59% | 40.26% | 18.00% |
Rocket Lab Corporation (RKLB) key facts
- Strength: Rocket Lab Corporation’s revenue for fiscal 2025 (year ended December 2025) was $601.8 million, up 38.0% from fiscal 2024.
- Rocket Lab Corporation (RKLB) is an Aerospace & Defense company in the Industrials sector, listed on Nasdaq.
- As of October 16, 2026, RKLB traded at $50.84, a market capitalization of $33.1 billion.
- Return on equity was −18.8% and debt-to-equity 0.01.
- Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 36.71 (safe zone) for fiscal 2025.